Global Military Land Vehicles Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Military Armored Vehicles, Military Battle Tanks, and Unmanned Ground Vehicles.

By Application;

Defence and Transportation.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn329098366 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Military Land Vehicles Market (USD Million), 2020 - 2030

In the year 2023, the Global Military Land Vehicles Market was valued at USD 23,211.66 million. The size of this market is expected to increase to USD 28,547.42 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

The global military land vehicles market is a dynamic and essential sector driven by the strategic priorities of defense organizations worldwide. Military land vehicles encompass a diverse range of platforms designed for combat, transportation, reconnaissance, and specialized missions across various operational environments. This market segment includes main battle tanks (MBTs), armored personnel carriers (APCs), infantry fighting vehicles (IFVs), mine-resistant ambush protected (MRAP) vehicles, light utility vehicles, and other specialized variants tailored to specific mission requirements and battlefield roles.

Key factors influencing the global military land vehicles market include rising defense budgets, geopolitical tensions, modernization initiatives, and technological advancements. Governments and armed forces are allocating significant resources towards acquiring and upgrading land vehicles to bolster national security and combat readiness. Heightened geopolitical challenges and evolving security threats worldwide drive the demand for robust and adaptable military vehicles capable of operating effectively in diverse combat scenarios, from conventional warfare to counterinsurgency operations and peacekeeping missions.

Technological innovation is a driving force shaping the evolution of military land vehicles, with a strong emphasis on improving mobility, firepower, survivability, and connectivity. Advances in armor materials, vehicle electronics, communication systems, hybrid propulsion technologies, autonomous capabilities, and networked warfare solutions contribute to the development of next-generation military platforms. The global military land vehicles market is characterized by ongoing research and development efforts, strategic collaborations between defense contractors and technology firms, and a concerted focus on achieving interoperability and multi-domain capabilities to address the complex challenges of modern warfare effectively.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Military Land Vehicles Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Geopolitical Tensions and Threats
        2. Focus on Enhanced Mobility and Maneuverability
        3. Emphasis on Force Protection and Survivability
      2. Restraints:
        1. Budget Constraints and Defense Spending Cuts
        2. Technological Challenges and Complexity
        3. Supply Chain Disruptions and Logistics Issues
      3. Opportunities:
        1. Development of Autonomous and Unmanned Systems
        2. Integration of Advanced Sensor Technologies
        3. Adoption of Electric and Hybrid Propulsion Systems
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Military Land Vehicles Market, By Type, 2020 - 2030 (USD Million)
      1. Military Armored Vehicles
      2. Military Battle Tanks
      3. Unmanned Ground Vehicles
    2. Global Military Land Vehicles Market, By Application, 2020 - 2030 (USD Million)
      1. Defence
      2. Transportation
    3. Global Military Land Vehicles Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Rhenmetall
      2. General Dynamics
      3. Oshkosh Corporation
      4. ST Engineering
      5. Achleitner
      6. Ashok Leyland
  7. Analyst Views
  8. Future Outlook of the Market

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