As per world-defense-budget-analysis, global defense expenditures have surged by 18.5%, reaching USD 2,131.9 billion in 2024, with the US, China, Russia, India, and Saudi Arabia collectively accounting for nearly ~ 63% of the global military spending. Adoption of drones has grown significantly across all regions, with loitering munition seeing the highest growth, 8.5% (YoY), with a market size of USD 1.13 billion.