Land Based Defense Equipment Market

By Armored Vehicles;

Infantry Fighting Vehicles (IFVs), Armored Personnel Carriers (APCs), Mine-Resistant Ambush Protected (MRAP) Vehicles and Armored Cars & Transport Vehicles

By Missiles;

Anti-Tank Guided Missiles (ATGMs), Surface-To-Air Missiles (SAMs), Tactical Ballistic Missiles and Cruise Missiles

By Tanks;

Main Battle Tanks (MBTs), Light Tanks, Armored Reconnaissance Vehicles and Tank Destroyers

By Small Arms &

Light Weapons; Rifles, Submachine Guns, Shotguns, Light Machine Guns (LMGs), Handguns and Grenades & Launcher Systems

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn345106850 Published Date: September, 2025 Updated Date: October, 2025

Land Based Defense Equipment Market Overview

Land Based Defense Equipment Market (USD Million)

Land Based Defense Equipment Market was valued at USD 57,145.52 million in the year 2024. The size of this market is expected to increase to USD 85,925.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.


Land Based Defense Equipment Market

*Market size in USD million

CAGR 6.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.0 %
Market Size (2024)USD 57,145.52 Million
Market Size (2031)USD 85,925.73 Million
Market ConcentrationMedium
Report Pages339
57,145.52
2024
85,925.73
2031

Major Players

  • BAE Systems
  • Raytheon Co
  • Northrop Grumman Corp
  • General Dynamics Corp
  • Lockheed Martin Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Land Based Defense Equipment Market

Fragmented - Highly competitive market without dominant players


The land based defense equipment market is witnessing significant growth as nations invest in upgrading ground force capabilities. Nearly 65% of defense spending is directed toward land systems, reflecting their strategic importance. The inclusion of advanced vehicles, weapons, and communication platforms is shaping the modernization of military operations.

Rising Demand for Armored Vehicles
The use of armored vehicles and tanks is expanding rapidly, with around 55% of defense enhancements centered on combat-ready vehicles. These innovations deliver superior mobility, firepower, and protection, making them a cornerstone of ground defense. The trend underscores the role of advanced land equipment in enhancing battlefield strength.

Expansion of Artillery and Infantry Systems
Close to 50% of defense allocations support artillery and infantry technologies, including precision-guided weapons and long-range fire systems. These investments ensure strong tactical support and improve operational outcomes in land combat. Their effectiveness in supporting modern strategies reinforces their role in defense equipment priorities.

Advancements in Communication and Surveillance
Defense forces are adopting networked communication and surveillance technologies, with nearly 40% of new acquisitions targeting data-driven solutions. Features such as real-time intelligence, enhanced situational awareness, and battlefield coordination are propelling demand for such systems. These integrations are critical for achieving superior land-based operations.

Positive Market Outlook
The land based defense equipment market is set for continued growth, with almost 45% of future projects focusing on integrated land systems. With rising defense budgets and continuous technological innovation, this sector remains vital for ensuring ground force readiness. Its sustained evolution will define the next era of defense modernization.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Armored Vehicles
    2. Market Snapshot, By Missiles
    3. Market Snapshot, By Tanks
    4. Market Snapshot, By Small Arms and Light Weapons
    5. Market Snapshot, By Region
  4. Land Based Defense Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Military Modernization Initiatives

        2. Global Conflict and Regional Instability

        3. Military Spending and Defense Budgets

        4. Security Threats and Geopolitical Tensions

        5. Modernization and Replacement Programs

      2. Restraints
        1. Trade Tariffs and Protectionism

        2. Export Restrictions and Regulations

        3. Environmental and Sustainability Concerns

        4. Geopolitical Tensions and Regional Conflicts

      3. Opportunities
        1. Modernization Initiatives

        2. Growing Threats and Conflicts

        3. Focus on Urban Warfare and Counterterrorism

        4. Integration of Artificial Intelligence and Robotics

    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. Land Based Defense Equipment Market, By Armored Vehicles, 2021 - 2031 (USD Million)
      1. Infantry Fighting Vehicles (IFVs)
      2. Armored Personnel Carriers (APCs)
      3. Mine-Resistant Ambush Protected (MRAP) Vehicles
      4. Armored Cars & Transport Vehicles
    2. Land Based Defense Equipment Market, By Missiles, 2021 - 2031 (USD Million)
      1. Anti-Tank Guided Missiles (ATGMs)
      2. Surface-To-Air Missiles (SAMs)
      3. Tactical Ballistic Missiles
      4. Cruise Missiles
    3. Land Based Defense Equipment Market, By Tanks, 2021 - 2031 (USD Million)
      1. Main Battle Tanks (MBTs)
      2. Light Tanks
      3. Armored Reconnaissance Vehicles
      4. Tank Destroyers
    4. Land Based Defense Equipment Market, By Small Arms and Light Weapons, 2021 - 2031 (USD Million)
      1. Rifles
      2. Submachine Guns
      3. Shotguns
      4. Light Machine Guns (LMGs)
      5. Handguns
      6. Grenades & Launcher Systems
    5. Land Based Defense Equipment Market, By Geography, 2021 - 2031 (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. Lockheed Martin Corporation
      2. BAE Systems plc
      3. General Dynamics Corporation
      4. Northrop Grumman Corporation
      5. Rheinmetall AG
      6. Thales Group
      7. Leonardo S.p.A.
      8. Raytheon Technologies Corporation
      9. Hanwha Defense
      10. Oshkosh Defense, LLC
      11. Elbit Systems Ltd.
      12. Krauss-Maffei Wegmann (KMW)
      13. Denel SOC Ltd.
  7. Analyst Views
  8. Future Outlook of the Market