Weapon Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Weapon Industry

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?

Forecast: Weapons Imports in the World
Forecast: Arms Exports by the EU
Forecast: Arms Exports by the Eurozone
Forecast: Weapons Imports in the EU
Forecast: Arms Exports by France

World Weapon Top Rankings

Global Export of Hotgun Cartridges by Country
Top Exporters of Revolvers and Pistols
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Global Weapon Statistics

Global Weapon Industry Database