MarketArms industry
Company Profile

Arms industry

The arms industry, also known as the defense industry or military industry is a global industry which manufactures and sells weapons and other military technology to a variety of customers, including the armed forces of states and civilian individuals and organizations. Products of the arms industry include weapons, munitions, weapons platforms, communications systems, and other electronics, and related equipment. The arms industry also provides defense-related services, such as logistical and operational support. As a matter of policy, many governments of industrialized countries maintain or support a network of organizations, facilities, and resources to produce weapons and equipment for their military forces. This is often referred to as a defense industrial base. Entities involved in arms production for military purposes vary widely, and include private sector commercial firms, state-owned enterprises and public sector organizations, and scientific and academic institutions. Such entities perform a wide variety of functions, including research and development, engineering, production, and servicing of military material, equipment, and facilities. The weapons they produce are often made, maintained, and stored in arsenals.

History
producing naval artillery during World War I Military technology evolved slowly until the 19th century when a quartet of factors suddenly globalized the arms trade. First, accelerating technical innovation created a shifting frontier of desirable weapons. Second, the development of mass production allowed technically advanced weapons to be exported at scale. Third, private firms, rather than government arsenals, became leaders in the manufacture of arms. And finally, global communications and transport networks facilitated long-distance trade. Early leading arms makers included Schneider-Creusot, Krupp, Vickers, and Armstrong Whitworth. These firms were encouraged both by market conditions and by their home nations to export far outside of Europe to areas such as South America, Asia, the Near East, and Africa as part of the 19th century vogue for imperialism. During the early modern period, England, France, Sweden, and the Netherlands became self-sufficient in arms production, with diffusion and migration of skilled workers to more peripheral countries such as Portugal and Russia. The modern arms industry emerged in the second half of the nineteenth century as a product of the creation and expansion of the first large military–industrial companies. As smaller countries and even newly industrializing countries like Russia and Japan could no longer produce cutting-edge military equipment with their indigenous capacity-based resources, they increasingly began to outsource the manufacture of military equipment, such as battleships, artillery pieces and rifles to foreign government military entities. In 1854, the British government awarded a contract to the Elswick Ordnance Company to supply the latest loading artillery pieces. This galvanized the private sector into weapons production, with the surplus increasingly exported to foreign countries. William Armstrong became one of the first international arms dealers, selling his systems to governments across the world from Brazil to Japan. In 1884, he opened a shipyard at Elswick to specialize in warship production – at the time, it was the only factory in the world that could build a battleship and arm it completely. The factory produced warships for foreign naval forces, including the Imperial Japanese Navy. Several Armstrong cruisers played an important role in defeating the Russian fleet at the Battle of Tsushima in 1905. In the American Civil War in 1861 the North had about ten times the manufacturing capacity of the economy of the Confederate States of America. This advantage over the South included the ability to produce (in relatively small numbers) breech-loading rifles for use against the muzzle-loading rifles of the South. This began the transition to industrially produced mechanized weapons such as the Gatling gun. This industrial innovation in the defense industry was adopted by Prussia in its 1864, 1866, and 1870–71 defeats of Denmark, Austria, and, France respectively. By this time the machine gun had begun entering arsenals. The first examples of its effectiveness were in 1899 during the Boer War and in 1905 during the Russo-Japanese War. However, Germany led the innovation of weapons and this advantage in the weapons of World War I nearly defeated the allies. In 1885, France decided to capitalize on this increasingly lucrative trade and repealed its ban on weapon exports. The regulatory framework for the period up to the First World War was characterized by a laissez-faire policy that placed little obstruction in the way of weapons exports. Due to the carnage of World War I, arms traders began to be regarded with odium as merchants of death and were accused of having instigated and perpetuated the war for earning their profits from weapons sales. An inquiry into these allegations in Britain failed to find evidence to support them. However, the sea change in attitude about war more generally meant that governments began to control and regulate the trade themselves. during World War I For much of the time after the First World War, a national defence industry was treated by many countries as an element of their national sovereignty, and the emergence of collaborative international projects did not occur until the latter part of the Cold War. The volume of the arms trade greatly increased during the later 20th century, and it began to be used as a political tool, especially during the Cold War when the United States and the USSR supplied weapons to their proxies across the world, particularly third world countries (see Nixon Doctrine). ==Sectors==
Sectors
Land-based weapons This category includes everything from light arms to heavy artillery, and the majority of producers are small. Many are located in third-world countries. International trade in handguns, machine guns, tanks, armored personnel carriers, and other relatively inexpensive weapons is substantial. There is relatively little regulation at the international level, and as a result, many weapons fall into the hands of organized crime, rebel forces, terrorists, or regimes under sanctions. Small arms series of weapons have been produced in greater numbers than any other firearm and have been used in conflicts all over the world. One billion firearms were in global circulation in 2017; of those, 857 million (85%) were possessed by civilians, 133 million (13%) were possessed by national militaries, and 23 million (2%) belonged to law enforcement agencies. 1,135 companies based in more than 98 countries manufactured small arms as well as their various components and ammunition as of 2003. Aerospace systems Encompassing military aircraft (both land-based and naval aviation), conventional missiles, and military satellites, this is the most technologically advanced sector of the market. It is also the least competitive from an economic standpoint, with a handful of companies dominating the entire market. The top clients and major producers are virtually all located in the western world and Russia, with the United States easily in the first place. Prominent aerospace firms include Rolls-Royce, BAE Systems, Saab AB, Dassault Aviation, Sukhoi, Mikoyan, EADS, Leonardo, Thales Group, Lockheed Martin, Northrop Grumman, RTX Corporation, and Boeing. There are also several multinational consortia mostly involved in the manufacturing of fighter jets, such as the Eurofighter. The largest military contract in history, signed in October 2001, involved the development of the Joint Strike Fighter. ==International arms transfers==
International arms transfers
Over time 2010–2014 .According to research institute SIPRI, the volume of international transfers of major weapons in 2010–14 was 16 percent higher than in 2005–2009. The five biggest exporters in 2010–2014 were the United States, Russia, China, Germany, and France, and the five biggest importers were India, Saudi Arabia, China, the United Arab Emirates, and Pakistan. The flow of arms to the Middle East increased by 87 percent between 2009–13 and 2014–18, while there was a decrease in flows to all other regions: Africa, the Americas, Asia and Oceania, and Europe. 2014–2018 SIPRI has identified 67 countries as exporters of major weapons in 2014–18. The top 5 exporters during the period were responsible for 75 percent of all arms exports. The composition of the five largest exporters of arms changed between 2014 and 2018 and remained unchanged compared to 2009–13, although their combined total exports of major arms were 10 percent higher. In 2014–18, significant increases in arms exports from the US, France and Germany were seen, while Chinese exports rose marginally and Russian exports decreased. World's largest arms exporters The following are estimates from the Stockholm International Peace Research Institute's Arms Transfers Database. at the Lambert Sevart weapons factory, in Liege (Belgium) (early 20th century) SIPRI has identified 66 states as suppliers of major arms in 2021-25. The five largest suppliers during that period-the USA, France, Russia, Germany and China- accounted for 70 per cent of all arms exports. US, French, German and Chinese arms exports rose between 2016–20 and 2021–25, while Russian exports fell sharply. States in North America and Western Europe together accounted for 74 per cent of all arms exports in 2021-25 compared with 62 per cent in 2016-20. World's largest arms exporters since 1950 SIPRI uses the "trend-indicator values" (TIV). These are based on the known unit production costs of weapons and represent the transfer of military resources rather than the financial value of the transfer. World's largest arms importers Arms import rankings fluctuate heavily as countries enter and exit wars. Accordingly, 5-year moving averages present a much more accurate picture of import volume, free from yearly fluctuations. In the period from 2021 to 2025 the top five recipients-Ukraine, India, Saudi Arabia, Qatar and Pakistan- received 35 per cent of total global arms imports in the period. In 2021-25 Europe was the region with the largest share of total global arms imports (33 per cent) for the first time since the 1960s. Asia and Oceania (31 per cent) was the next largest, followed by the Middle East (26 per cent), the Americas (5.6 per cent) and Africa (4.3 per cent). List of major weapon manufacturers This is a list of the world's largest arms manufacturers and other military service companies who profit the most from the war economy, their origin is shown as well. The information is based on a list published by the Stockholm International Peace Research Institute for 2025. ==Economics of the arms industry==
Economics of the arms industry
===Market failures=== A free market for weapons cannot exist within a state because the market is necessarily a monopsony where there is a single buyer and a small number of suppliers. International trade Multinational corporations form a global network stitched together by reciprocal agreements and interlocking ownership that may pursue objectives contrary to that of the nations whose resources they employ. For example, the English arms maker Vickers supplied field guns to Germany prior to 1914. These guns were then used against British troops during WWI. Furthermore, a tradeoff exists between procuring the best specialized parts and materials from international businesses, or attempting to achieve autarky by developing purely domestic substitutes. During the Gulf War, a shortage of advanced ceramic components for Tomahawk missiles occurred. This was caused by a ceramics manufacturer located in the US being pressured by its Japanese parent company, which was in turn pressured by Socialist members of the National Diet to withhold support for the war. ==Arms control==
Arms control
Arms control refers to international restrictions upon the development, production, stockpiling, proliferation, and usage of small arms, conventional weapons, and weapons of mass destruction. It is typically exercised through the use of diplomacy, which seeks to persuade governments to accept such limitations through agreements and treaties, although it may also be forced upon non-consenting governments. Notable international arms control treatiesArms Trade Treaty, concluded in 2013, entered into force on 24 December 2014. • Biological Weapons Convention, signed in 1972, entered into force during 1975 • Chemical Weapons Convention, signed in 1993, entered into force during 1997 • Geneva Protocol on biological and chemical weapons during 1925 • Missile Technology Control Regime (MTCR), 1987 • Ottawa Treaty on anti-personnel land mines, signed in 1997, entered into force during 1999 • Outer Space Treaty, signed and entered into force during 1967 • New START Treaty, signed by Russia and the United States in April 2010, entered into force in February 2011 • Wassenaar Arrangement, established on 12 July 1996 ==See also==
tickerdossier.comtickerdossier.substack.com