Global Weapon Trends in 2024
Weapon is part of Defense and includes a number of sub-sectors such as Ammunition. You may also be interested in Military Robot, Electronic Warfare and Military Vehicle.
Global weapon imports are projected to reach approximately $33 billion by 2028, up from around $32 billion in 2023. This marks an average annual growth rate of 0.6%. Since 1965, the global demand for weapons has increased by an average of 2.8% per year. In 2023, India emerged as the leading importer of weapons, with imports valued at about $3.1 billion. Following India, Qatar, Saudi Arabia, and Kuwait ranked as the second, third, and fourth largest importers, respectively. Notably, Belgium experienced a significant surge in weapon imports, rising by 175% year on year, while Montenegro saw a sharp decline of 43% since 1965. On the export front, North American weapon exports are anticipated to reach nearly $16 billion by 2028, growing from about $15 billion in 2023. This represents an average annual growth rate of 1.1%. Since 1965, North American weapon supply has seen a robust increase, averaging an 8.7% growth per year.
Top 10 countries
In 2024 major markets in the Weapon Industry were:
World Weapon Market Data and Forecasts
How much the Weapon industry is expected to grow to 2028?
World Weapon Top Rankings
Global Weapon Statistics
- Weapon Import 210 countries (Africa, Latin America, Sub-Saharan Africa...)
- Weapon Export 164 countries (Asia, Europe, Latin America...)
- Small Arms Import 167 countries (Latin America, Africa, Sub-Saharan Africa...)
- Small Arms Export 106 countries (Europe, Southern Europe, Asia...)
- Ammunition Import 156 countries (Africa, Latin America, Sub-Saharan Africa...)
- Number Of Enterprises 66 countries (Europe, Northern Europe, Southern Europe...)
- Ammunition Export 106 countries (Asia, Latin America, Europe...)
- Explosive Weapon Import 163 countries (Africa, Sub-Saharan Africa, Latin America...)
- Gross Fixed Capital Formation 238 countries (Europe, Western Europe, Northern Europe...)
- Explosive Weapon Export 127 countries (Europe, Northern Europe, Asia...)
