Market Share of Colombia Defense Industry
The Colombia defense market is consolidated. Most of the players operating in the country are state-owned players with significant government investments in these companies. INDUMIL, CIAC, CODALTEC, and COTECMAR are some of the major players in the Colombia defense market. The country exercises stringent regulations against the privatization of the defense sector. This creates a huge market entry barrier for new entrants instead of helping the localization of the defense market. It can also reduce the market growth rate and slow down the government-owned defense companies in the country.
Colombia Defense Market Leaders
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INDUMIL
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COTECMAR
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Textron Inc.
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Lockheed Martin Corporation
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Naval Group
*Disclaimer: Major Players sorted in no particular order
