The United States dominates the global arms and ammunition market with a 47.64% share, showcasing consistent growth. South Korea displays notable expansion, registering a 6.44% share, followed by Spain and Italy. Emerging suppliers like Brazil, Czech Republic, and India are increasing their presence. The growth of countries like Lithuania and Malaysia is remarkable. However, traditional players such as Japan and France are experiencing slowdowns, indicating shifting dynamics.
Future trends to watch include the diversification of suppliers, with emerging markets gaining traction. Rising geopolitical tensions may further boost demand, creating opportunities for new entrants. Monitoring technological advancements will also be crucial in maintaining competitiveness. Global policies addressing arms trade regulations and export controls will shape the competitive landscape.
Top countries in Export of Arms and Ammunition, Parts and Accessories Thereof Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 47.64 | 2023 | +2.41% | +2.57% | View data |
| 2 | 2 South Korea | 6.44 | 2023 | +4.13% | +4.12% | View data |
| 3 | 3 Spain | 5.39 | 2023 | +4.77% | +3.6% | View data |
| 4 | 4 Italy | 4.82 | 2023 | +0.54% | +0.47% | View data |
| 5 | 5 Czech Republic | 4.31 | 2023 | +3.64% | +2.87% | View data |
| 6 | 6 Germany | 4.12 | 2023 | +0.74% | +0.94% | View data |
| 7 | 7 Brazil | 3.2 | 2023 | +2.21% | +4.46% | View data |
| 8 | 8 Switzerland | 2.6 | 2023 | +2.71% | +2.2% | View data |
| 9 | 9 Norway | 2.49 | 2023 | +0.28% | +1.15% | View data |
| 10 | 10 Canada | 1.97 | 2023 | +0.93% | +2.11% | View data |
