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BRIC defence spending market: $335 billion industry estimated during 2012
Defense Spending - BRIC (Brazil, Russia, India, China) Industry Guide - a new market research report on 2014-04-21 16:36:03
Brazil, Russian Federation, India and China (BRIC) are the emerging and fast growing countries within the defense spending industry and had a total market value of $334.9 billion in 2012. Russia was the fastest growing country with a CAGR of 16% over the 2008-12 period.
Within the defense spending industry, China is the leading country among the BRIC nations with market revenues of $166.2 billion in 2012. This was followed by Russia, India and Brazil with a value of $90.1, $45.5, and $33.2 billion, respectively.
China is expected to lead the defense spending industry in the BRIC nations with a value of $293.8 billion in 2017, followed by Russia, India, Brazil with expected values of $141.6, $58.0 and $35.5 billion, respectively.
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