Top 100 companies sell weapons worth $ 420 billion in 2018: 5% growth in global market

Stockholm, Ta. December 9, 2019, Monday

Stockholm's organization 'Stockholm International Peace Research Institute' (SIPRI-Cipri) monitors arms trafficking around the world. Its global report was released. Accordingly, the global arms market increased by 4.6 percent to $ 420 billion in 2018.

The figure is 5 percent larger than 2017, but the figure has increased 47 percent compared to 2002. Cipri estimates this report on the basis of sales data of the 100 largest weapons manufacturers in the world.

However, this figure does not include China. Because the Chinese company, the Chinese government does not disclose the exact figures. Although the Cipri figure is global, China's strategic stake is excluded.

America is named as the market leader in the largest arms manufacturer. The $ 420 billion market consists of 100 companies. Of those, 59 are American companies. The number of US companies in the 2017 list was 43. The American arms manufacturing market has made significant strides.

Apart from the US, there are European Union companies, while ten Russian companies have gained prominence in the global market. Companies from countries such as the United States, France, Italy, Israel, South Korea, etc. have seen a significant increase in sales. Sales of countries such as India, Germany, United Kingdom, Russia etc. have declined.

India, too, is ranked among the top 100 companies. India's share, however, is as small as 1.4% in the market. India has 3 companies in terms of numbers. Not enough details of the Chinese companies are disclosed. But Cipri estimates based on global sales.

Accordingly, the first 100 companies have to sell 3 companies in China, so that the companies have sold. But the sales exit figures are not available. One of the reasons for the boom in the global market is the purchase of aircraft such as Rafale from India, Egypt and Qatar.