In the last five years, arms exports are experiencing a declining growth rate and the total annual volumes of arms have become stabilized to nearly USD 15 billion. Currency devaluation and global economic crisis are major factors constraining the growth of global arms market. These macroeconomic factors have raised concerns to nations over the budget problems for purchasing new major weapon systems. However, the fragile security and constant border security instability are becoming a major concern for every nation. With the improving technology, developing and developed nations are equipping their ammunitions store with modern gadgets and replacing their conventional weapons with advance equipments such as GPS guidance and automated systems of weapons. America is the leading arms exporter and sells arms to more than 100 countries. Shortfall in the expansion of global weapons market is raising the competition among suppliers to transfer advanced technology and to secure better weapon de
