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Nuclear missiles, bombs market to surge 73% by 2030 - report

05 Apr 2022 - {{hitsCtrl.values.hits}}      

 

 

April 4 Reuters- The global market for nuclear missiles and bombs should surpass $126 billion within ten years, up nearly 73% from 2020 levels, according to a report by Allied Market Research on Monday, as Russian aggression in Ukraine spurs military spending.  While North America dominated more than half the global market in 2020, the report predicted the fastest growth would come from the Asia-Pacific region on initiatives by India, Pakistan and China to bolster their nuclear arsenals.  An increase in geopolitical conflicts and bigger military budgets would likely push the figure up at an annual compounded rate of 5.4% until 2030, the report said.