Brazil's defence budget soars to $29.9bn by 2028 through initiatives
The Brazil Defense Market 2023-2028 report by GlobalData indicates a significant increase in defense expenditure.
Source: airforce-technology.com
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Vision 2030 to propel Saudi defence budget with a 4.5% CAGR by 2028
Saudi Arabia's commitment to bolster its defence capabilities aligns with its Vision 2030, driving growth in defence expenditure..
Source: army-technology.com
Pakistan defence budget to reach $10bn by 2028, forecasts GlobalData
Defence spending is centred on modernisation in key areas such as combat aircraft, missile systems, submarines, and naval vessels.
Source: airforce-technology.com
China's naval plans propel $1.4trn PLA modernisation over 2024-2028
Rising geopolitical tensions drive China's ambitious defence spending amid territorial disputes and alliances.
Source: naval-technology.com
Japan boosts defence expenditure by 26.5% due to regional security concerns
Rising tensions prompt Japan to invest heavily in modernising its air and naval defence capabilities to boost its security.
Source: army-technology.com