World’s military arsenals are expected to double in size by 2030, compared to 2016.
By 2030, the countries with top defense spending are expected to be:
USA with over 1 trillion (had $611 billion in 2016),
China with $736 billion (had 215 billion in 2016), and
India with $213 billion (had 56 billion in 2016)
China, with $228 billion military expenditure in 2017 is the world’s second largest spender, with its share representing 13% of world’s total, compared to 5.8% a decade ago.
By 2020, Asia-Pacific military spending will be about the same as North America. North America will be for 33% of global defense spending down from about 50% in 2016.
By 2045, India’s defence expenditure might reach $654 billion, about the same as all European Union countries combined.
SOURCES – DW
Written By Brian Wang, Nextbigfuture.com
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.