Israel’s defence budget, which includes aid from the United States, has experienced significant growth during the historical period.
The budget has increased from $19.3bn in 2019 to $23.6bn in 2023, representing a compound annual growth rate (CAGR) of 5.2%.
Israel’s thriving defence market presents an immense opportunity for defence companies, with the missiles and missile defence systems market predicted to be worth $7.5bn between 2023 and 2028. Additionally, Israel’s land and fixed-wing aircraft sectors are also expected to receive billions of dollars in investments during this period.
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