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Yahoo
a day ago
- Business
- Yahoo
Canada Defense Industry Report 2025: Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast to 2030
The comprehensive 2025-2030 Canada Defense Market report provides a detailed forecast of market size and growth, analyzing budget trends, regulations, and key acquisitions. With a projected defense budget rise to $41.6 billion by 2030, driven by security threats and modernization needs, the report offers crucial insights into market dynamics, defense platform acquisitions, and competitive landscape, highlighting Canada's collaborative ties with the U.S. Key focal points include F-35 procurement and naval development, vital for understanding investment opportunities and market demands. Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "Canada Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2025-2030" report has been added to report report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast defense budget is projected to grow steadily by $8.7 billion from 2026 to 2030, reflecting a compound annual growth rate (CAGR) of 6%. This growth is more stable compared to the previous period (2021-2025), which saw a $13.2 billion increase at a higher CAGR of 13.9%. Key factors driving this spending include concerns over Russia's resurgence, modernization of armed forces, and support for global operations. The defense budget rose from $19.2 billion in 2021 to $32.4 billion in 2025, with the acquisition budget increasing from $3 billion to $11.9 billion during the same period, showing a CAGR of 41.1%. Looking ahead, the defense budget is expected to stabilize at $41.6 billion by 2030, while acquisition spending is anticipated to reach $17.7 billion. Major projects include procuring F-35A fighters, building new frigates, and developing patrol vessels, often in collaboration with foreign firms, highlighting Canada's strong industrial ties with the U.S. and preference for cooperative Highlights Drivers to defense expenditure include security threats, defense modernization, terrorism, reinforcing western influence in artic and international operations Major ongoing procurement program include procurement of F-35, River-class destroyer, Coast Guard Multipurpose Vessels Scope This report offers a detailed analysis of Canada's defense market, with market size forecasts covering the next five years. It also offers insights into the strategy, security environment and defense market dynamics of the country. Various sections covered in the report are as follows: Defense Budget Assessment: This chapter covers the defense budgeting process, market size forecasts, drivers of expenditure, and allocation analysis. It also examines key market trends and insights. Military Doctrine and Security Environment: Detailed analysis of military doctrine, strategic alliances, geopolitical dynamics, and the political, social, and economic factors influencing the security environment. Market Entry Strategy and Regulations: This section elaborates on essential aspects of procurement policy and market regulations, market entry routes, key defense procurement bodies and major deals. Market attractiveness and emerging opportunities: It evaluates the attractiveness of various defense sectors, indicating cumulative market value, and highlights the top sectors and defense segments by value in the country. Defense Platform Acquisitions: It offers an overview of defense platform acquisitions by value. It lists current defense procurement schedules for the major ongoing and planned military platforms that have been formulated in the country and elaborates on the reasons leading to the procurement of the same. Fleet Size: Outlines the current fleet sizes of the Army, Air Force, and Navy, detailing the year of acquisition, units in service, and the prime contractor for the equipment. Competitive Landscape: Profiles the main defense companies operating in the country, offering insights into their business overviews, latest contracts, and financial results. Reasons to Buy Determine prospective investment areas based on a detailed trend analysis of the Canada defense market over the next five years Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Canada market and identify the opportunities offered. Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others Identify the major threats that are driving the Canada defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion Channel resources by focusing on the ongoing programs that are being undertaken by the Canada government Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available Key Topics Covered: Executive Summary Defense Budget Assessment Budgeting Process Defense Market Size Historic And Forecast Drivers Of Defense Expenditure Analysis of Defense Expenditure Allocation Analysis Of Defense Budget Allocation Key Market Trends and Insights Military Doctrine And Security Environment Military Doctrine And Strategy Strategic Alliances and Geopolitics Political, Social and Economic Scenario Market Entry Strategy And Regulations Defense Procurement Bodies Funding Opportunities Trade Associations and Defense Clusters Types of Contracts and Opportunities Types of Canadian Procurement Procedure Procurement Policy and Market Regulations Market Entry Routes Key Challenges Major Deals and M&A Market Attractiveness And Emerging Opportunities Market Attractiveness By Defense Sector Top Sectors in the Canada Defense Market Top Defense Segments By Value Defense Platforms Import and Export Dynamics Defense Platforms Import Dynamics Defense Platforms Export Dynamics Defense Platform Acquisitions Defense Platform Acquisitions By Value F-35 (Future Fighter Capability Project) River-class destroyer (Canadian Surface Combatant) Coast Guard Multipurpose Vessels P-8A Poseidon Polar Icebreaker Fleet Size Army Air Force Navy Competitive Landscape Defense Companies Operating In Canada Appendix About This Report About Us Contact the Publisher For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
The Independent
22-05-2025
- Business
- The Independent
Canada is talking to the US about joining its ‘Golden Dome' missile defense system, Carney says
Canadian Prime Minister Mark Carney said Wednesday his government is talking to the U.S. about joining President Donald Trump 's future Golden Dome missile defense program. The multilayered, $175 billion system would for the first time put U.S. weapons in space. Trump said the previous day he expected the system to be fully operational by the end of his term in 2029. "Is it a good idea for Canada? Yes, it is a good to have protections in place for Canadians," Carney said. Carney confirmed he's had talks with Trump about it and said there are discussions with senior officials. Trump said the Canadian government had contacted his administration indicating it wants to join the program and that he will work with Ottawa to ensure it contributes its 'fair share.' Golden Dome is envisioned to include ground- and space-based capabilities to detect and stop missiles at all four major stages of a potential attack: detecting and destroying them before a launch, intercepting them in their earliest stage of flight, stopping them midcourse in the air, or halting them in the final minutes as they descend toward a target. 'It's something that we are looking at and something that has been discussed at a high level." Carney said. 'But not I'm not sure one negotiates on this. These are military decisions that have been taken in that context, and we will evaluate it accordingly.' Carney warned that Canada faces potential missiles threats in the 'not-too-distant future' that could come from space. 'Is Canada going to be doing this alone or with the United States? Because with a Golden Dome, there will be discussions that could have an impact on Canada, but Canada wouldn't be a part of them,' Carney said. The Pentagon has warned for years that the newest missiles developed by China and Russia are so advanced that updated countermeasures are necessary. Golden Dome's added satellites and interceptors — where the bulk of the program's cost is — would be focused on stopping those advanced missiles early on or in the middle of their flight. Canada and the U.S. are partners in the North American Aerospace Defense Command, the combined organization that provides shared defense of airspace over the two nations. The newly elected Carney spent much spent much of the last few months saying the old relationship with the U.S. based on steadily increasing integration is over. Trump has infuriated Canadians by saying Canada should be the 51st state. 'We cooperate if necessary but not necessarily cooperate,' Carney said.
Associated Press
22-05-2025
- Business
- Associated Press
Canada is talking to the US about joining its ‘Golden Dome' missile defense system, Carney says
TORONTO (AP) — Canadian Prime Minister Mark Carney said Wednesday his government is talking to the U.S. about joining President Donald Trump's future Golden Dome missile defense program. The multilayered, $175 billion system would for the first time put U.S. weapons in space. Trump said the previous day he expected the system to be fully operational by the end of his term in 2029. 'Is it a good idea for Canada? Yes, it is a good to have protections in place for Canadians,' Carney said. Carney confirmed he's had talks with Trump about it and said there are discussions with senior officials. Trump said the Canadian government had contacted his administration indicating it wants to join the program and that he will work with Ottawa to ensure it contributes its 'fair share.' Golden Dome is envisioned to include ground- and space-based capabilities to detect and stop missiles at all four major stages of a potential attack: detecting and destroying them before a launch, intercepting them in their earliest stage of flight, stopping them midcourse in the air, or halting them in the final minutes as they descend toward a target. 'It's something that we are looking at and something that has been discussed at a high level.' Carney said. 'But not I'm not sure one negotiates on this. These are military decisions that have been taken in that context, and we will evaluate it accordingly.' Carney warned that Canada faces potential missiles threats in the 'not-too-distant future' that could come from space. 'Is Canada going to be doing this alone or with the United States? Because with a Golden Dome, there will be discussions that could have an impact on Canada, but Canada wouldn't be a part of them,' Carney said. The Pentagon has warned for years that the newest missiles developed by China and Russia are so advanced that updated countermeasures are necessary. Golden Dome's added satellites and interceptors — where the bulk of the program's cost is — would be focused on stopping those advanced missiles early on or in the middle of their flight. Canada and the U.S. are partners in the North American Aerospace Defense Command, the combined organization that provides shared defense of airspace over the two nations. The newly elected Carney spent much spent much of the last few months saying the old relationship with the U.S. based on steadily increasing integration is over. Trump has infuriated Canadians by saying Canada should be the 51st state. 'We cooperate if necessary but not necessarily cooperate,' Carney said.
CBC
21-05-2025
- Politics
- CBC
Carney says Canada 'looking at' participation in U.S. Golden Dome
In response to a reporter's question on Wednesday, Prime Minister Mark Carney said he is 'not going to put a price tag' on the U.S. project to build a multi-purpose missile shield known as the Golden Dome, which Ottawa has confirmed it's talking to the U.S about. Speaking at the news conference on Parliament Hill, Carney said missiles are a serious threat that Canada faces.
CBC
21-05-2025
- Politics
- CBC
Should Canada join Trump's ‘Golden Dome'?
As Ottawa confirms its interest in potentially joining U.S. President Donald Trump's 'Golden Dome' missile-defence program, Power & Politics hears from former defence minister Peter MacKay on what Canada's contribution could look like, and whether it's worth the effort.
