Key Market Indicators
Iraqi weapon imports rose dramatically in 2021, increasing 3,790% from the previous year to reach $38.9 million. This marks a decrease of 53.5% since 1965. Saudi Arabia topped the rankings in 2021, importing weapons worth $2.6 billion. Australia and South Korea followed in second and third place respectively.
Improve your Knowledge with the latest Indicators and Trends
-
Detection Technologies: Unmasking Standoff IED, Person-Borne & Vehicle-Borne Explosive Threats
The escalating global threat landscape, largely defined by Improvised Explosive Devices (IEDs), and explosives borne by individuals or vehicles has necessitated a paradigm shift in stand-off detection technologies. The realization of more sophisticated, agile, and concealed threats has placed an enormous strain on conventional security systems, as it renders traditional...
Discover more insights -
Weapon and Ammunition Market: Unveiling Insights Across Online Sales to Manufacturing
The advent of digitization has transformed the landscape of the global gun & ammunition industry. Online sales channels have emerged as a crucial segment, bolstering the market's profitability and reach. As buyers prefer the convenience and variety offered by online platforms, manufacturers and sellers increasingly understand the need for an...
Discover more insights -
Artillery Systems Market: Trends, Challenges, Opportunities for Future Growth and Expansion
Artillery systems are experiencing a sharp focus on modernization and advancement in technology. The general transition towards precision-guided munitions has immensely influenced product developments. Geo-political tensions and the concern for national security across various nations have resulted in heightened demand for advanced systems, driving innovations in rocket artillery systems, self-propelled...
Discover more insights -
Logistics Automation: Unraveling the Capacities of Emerging Pick to Light Systems
Spearheading contemporary warehousing practices, light-directed picking technology is emerging as a game-changer. Channeling a blend of speed, accuracy, and efficiency, these pick-to-light systems reduces labor-intensity and enhances task management. Illumination-mediated processes help reduce errors and increase throughput in logistics operations, hence promoting cost effectiveness. These systems offer an intuitive approach...
Discover more insights -
Deconstructing Dynamics of the Global Shoulder Fired Weapons Market
Evolving geopolitical climate and escalation in global defense budgets prioritize advancements in weapon technology. Specifically, shoulder fired weapons market is emerging as a critical segment, driven by expanding anti-vehicle and anti-aircraft warfare measures. Rising incidence of asymmetric warfare, urban fights and counterterrorist activities across different global points are allowing more...
Discover more insights