PitchBook：2026年乌克兰国防技术生态系统：从战时实验到工业规模（英文版）

The ecosystem has institutionalized but around a single dominant buyer. Brave1 reports more than 1,500 manufacturers and 3,300 products and a connected stack from battlefield demand to delivery,1 but the Ministry of Defence and state-backed units remain the near-exclusive buyers, so revenue visibility depends on public budgets and nondomestic-financed procurement until exports become repeatable. • Capital formation is accelerating, but the disclosed market is still small and early stage.