Three-Phase Evolution of the Global Defense Sector - 2022–2035

Since 2022, global security has been dramatically reshaped by great-power rivalry and regional conflicts. SIPRI reports that world military expenditure reached a record $2.44 trillion in 2023 (a 6.8% increase) as the war in Ukraine and rising tensions in Asia and the Middle East drove the ninth consecutive year of growth. NATO and allied strategists emp…