Except this looks likely to exhaust the US/Israel alliance, if it continues long, leaving China in the "US in/after WWII" spot in the analogy.
Gaza is up to 10% of the population killed or injured in the Oct 7 reprisals: https://costsofwar.watson.brown.edu/paper/HumanTollGaza
Especially in modern war.
Running out of fancy equipment, for example, causes quite a few problems if your opponent hasn't. Like interceptor missiles.
You could expect order books to get so thick that production increases.
I mean looking from the side lines, I could see why many countries might want to have a few interceptors on hand. Just in case, it's certainly a nice way to buy some time.