Nuclear bombs and missiles market to reach $126 billion by 2030

Back in 1994, Ukraine had signed on to the Non-Proliferation Treaty and declared itself a non-nuclear state. Even after the annexation of Crimea, the country remained committed to its non-nuclear status and found itself at a disadvantage with Russia threatening to attack its borders. Given that the Ukrainian conflict has continued unabated for over a month now, it is likely that countries will move toward nuclear weapons adversaries.

Therefore, both these countries are expected to push their spending on nuclear weapons in the coming few years, the report said. U.S President Joe Biden's recentis the highest the country has seen in peace times and a fair bit is expected to be spent on modernizing the nuclear triad. The report estimates that by the end of the decade, both Russia and the U.S. would have increased the number of their nuclear warheads to more than 6,000 apiece.

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Nuclear bombs, missiles market 'to reach $126B' by 2030While North America dominates more than half the global market, the report by Allied Market Research predicts the fastest growth from China, India, and Pakistan to bolster their nuclear arsenals.
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