US arms exports have shown variable growth patterns over the past decade, beginning with significant drops in 2013 and surging in 2014 and 2017. Despite slight fluctuations, export values hovered around $9-10 billion between 2014 and 2020. Notably, 2022 saw the highest recorded value at $14.515 billion, marking a sharp 32.03% increase from the previous year. As of 2023, the value stands at $14.713 billion, showing a mild increase of 1.36% from 2022.
Future anticipated trends (2024-2028) suggest a steady annual growth rate (CAGR) of 1.09%, with arms exports expected to rise progressively, reaching $15.753 billion by 2028. Industry stakeholders should monitor geopolitical shifts, government defense policies, and emerging market dynamics as key factors influencing these trends.
