Rising global arms revenue
According to the Stockholm International Peace Research Institute (SIPRI), arms manufacturer revenues increased to $679 billion in 2024, reflecting rising demand due to current conflicts and persistent global security concerns.
Regional shifts and market drivers
U.S. and European firms expanded revenues, whereas Asia–Oceania declined, with differences attributed to local conflicts, corruption probes in China, and sanctions affecting Russia, as reported by SIPRI and multiple news outlets.
Production and supply chain constraints
Manufacturers face output delays due to supply chain disruptions, sanctions, critical mineral shortages, and production bottlenecks, impacting the ability to meet surging demand for arms, as noted by France 24 and other sources.
