In a new report issued on April 24, 2023, SIPRI (Stockholm International Peace Research Institute) exposes that the total global military expenditures increased by 3.7 per cent in real terms in 2022, to reach a new high of $2240 billion. Military expenditure in Europe saw its steepest year-on-year increase in at least 30 years. The three largest spenders in 2022—the United States, China and Russia—accounted for 56 per cent of the world total.
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The drone market has been skyrocketing since the war triggered by Russia in Ukraine on February 24, 2022 (Picture source: Army Recognition)
The drone market has been skyrocketing since the war triggered by Russia in Ukraine on February 24, 2022 (Picture source: Army Recognition)
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