STRUCTURE AND DYNAMICS OF THE GLOBAL ARMS AND MILITARY EQUIPMENT MARKET

Abstract

In the article, the authors studied the global arms and military equipment market, as well as the level of competition in it, and formulated the trends, challenges and prospects currently observed in the global arms and military equipment market. In modern economic conditions, the global arms and military equipment market remains extremely competitive and dynamic and is characterized by high rates of growth in military spending. At the same time, the sharp increase in military spending against the backdrop of geopolitical conflicts and the growth of investments in military technologies contribute to the positioning of this sector of the economy in the international dimension as an important factor in global security, stability and the world economy. The global arms and military equipment market is determined by the complex interaction of competition and cooperation, where countries strive for both military superiority and strategic partnerships to protect their interests. The future of the global arms trade lies in balancing these forces, using technological advances and promoting diplomatic cooperation to achieve common security goals in a rapidly changing world. Given the current geopolitical situation, economic, technological and political changes, the arms and military equipment market is currently at a stage of significant transformations. Based on an understanding of the history of the development of society, we believe that the determining factors for the further development of this industry will remain the ability of states to adapt their national security strategies to new challenges and ensure the effective integration of innovative technologies into the defense sector.