DUBLIN--(BUSINESS WIRE)--Aug 27, 2018--The "Future of the Venezuelan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

The Future of the Venezuelan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, published by It, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of the Venezuelan defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

Scope

With a defense budget of US$1.77 billion in 2018, Venezuela was amongst the largest arms importers in Latin America and accounted for nearly one-third of the military goods imported in the region. However, the relatively small growth rate can be attributed to the country's prevailing unstable economic condition. Defense expenditure in Venezuela is expected to register a CAGR of 0.32% to grow marginally from US$1.78 billion to US$1.80 billion by 2023, reflecting a CAGR of 0.32%. As a percentage of GDP, defense expenditure is expected to decline to an average of 2.2% over the forecast period from an average of 3% during the historic period.

Companies Mentioned

G & F Tecnologia CA ASTIMARCA CIDAE MAZVEN

For more information about this report visit https://www.researchandmarkets.com/research/46m4ss/venezuelan?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180827005381/en/

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Related Topics:Military Aerospace and Defense

KEYWORD: VENEZUELA SOUTH AMERICA

INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/27/2018 10:45 AM/DISC: 08/27/2018 10:45 AM

http://www.businesswire.com/news/home/20180827005381/en