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Global weapons market to hit $162B by 2035 driven by rising defense budgets and AI tech.

Market News
02 Jun 2026
Globe News Wire
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Bullish
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The global weapons and ammunition market, valued at $59.16 billion in 2025, is projected to grow to $162.11 billion by 2035 at a CAGR of 10.92%. Growth is fueled by increased defense spending, military modernization, and geopolitical tensions worldwide. Key trends include investments in precision-guided munitions, missile defense, autonomous combat platforms, and AI-enabled weapons. North America leads the market, with Asia Pacific showing the fastest growth due to regional military upgrades and geopolitical factors.

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