Intensifying global geopolitical tensions are the primary driver of the increasing arms trade, compelling countries to significantly boost defense spending and arms acquisitions to ensure national security.

CURRENT STATE

Heightened geopolitical uncertainties in regions such as Asia, Europe, and the Americas have led to a projected global defense spending increase to $2.6 trillion in 2026, an 8.1% rise from 2025. Ongoing conflicts in Ukraine, Sudan, and the Middle East are sustaining strong demand for arms and military technology worldwide.

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