Global Arms Sales Reached Record Levels Amid Increasing War Situation

As per the new SIPRI data, global arms revenue surged in 2024. The figures show how wars in Ukraine and Gaza reshaped the market. The world’s top 100 arms producers crossed record income levels as demand rose across the US, Europe, Russia and the Middle East.

Global Arms Revenue Hits Record Level in 2024

According to the new numbers, global arms revenue continued to rise through 2024. Jang News reported that the world’s 100 largest weapons producers increased their combined income by 5.9 percent. The total hit $679 billion, these shifts happened during one year.

The report by the Stockholm International Peace Research Institute (SIPRI) and saw how the wars in Ukraine and Gaza shaped this rise. The demand came from the US, Europe, Russia and the Middle East. Each region pushed orders higher, and the global arms revenue curve kept moving upward. The pattern reflected both conflict and rising defence spending in several blocs.

It is noted how companies in the US and Europe expanded their earnings. Russian firms pushed their revenue up by 23 percent, even as they handled sanctions and shortages of skilled labour. Jang News reported that European firms increased investment to keep production moving. Another shift occurred when nine Middle Eastern companies entered the top 100 list for the first time.

Asia and Oceania moved in the opposite direction. The global arms revenue data showed a decline in that region because China’s defence industry faced internal issues. This contrast stood out when comparing numbers across continents.

These figures explained the shifts in defence supply chains. The global arms revenue trend now sits at the centre of geopolitical decisions, and the 2024 numbers show how the market moves with conflict, demand and strategic pressure.