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 VehiclesBy Missiles;
Anti-Tank Guided Missiles (ATGMs), Surface-To-Air Missiles (SAMs), Tactical Ballistic Missiles and Cruise MissilesBy Tanks;
Main Battle Tanks (MBTs), Light Tanks, Armored Reconnaissance Vehicles and Tank DestroyersBy Small Arms and Light Weapons;
Rifles, Submachine Guns, Shotguns, Light Machine Guns (LMGs), Handguns and Grenades & Launcher SystemsBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)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 Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 6.0 % | 
| Market Size (2024) | USD 57,145.52 Million | 
| Market Size (2031) | USD 85,925.73 Million | 
| Market Concentration | Medium | 
| Report Pages | 339 | 
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.
Land Based Defense Equipment Market Key Takeaways
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Technological advancements in defense systems are transforming land-based defense equipment, with innovations in autonomous vehicles, robotics and surveillance systems enhancing operational efficiency.
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Increasing defense budgets in emerging economies are driving the market, with countries investing heavily in modernizing their land defense capabilities to counter evolving security threats.
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Asymmetric warfare and counter-terrorism strategies are fueling demand for advanced land-based defense systems, as nations seek to bolster their defense against unconventional military tactics.
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Asia-Pacific region is the fastest-growing market, driven by ongoing defense modernization programs and rising geopolitical tensions in the region, particularly in countries like India and China.
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North America remains a key market, with significant investments in technological advancements, including next-gen armored vehicles, weaponry and command and control systems by leading defense contractors.
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Partnerships and collaborations between defense contractors and governments are increasing, leading to enhanced product offerings and expanded capabilities in the land defense sector.
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Focus on survivability and mobility is influencing the development of defense equipment, with manufacturers prioritizing protection against threats such as improvised explosive devices (IEDs) and enhancing vehicle mobility on diverse terrains.
 
Land Based Defense Equipment Market Segment Analysis
In this report, the Land Based Defense Equipment Market has been segmented by Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons, and Geography. The study explores technological advancements, military modernization programs, and strategic defense collaborations driving the expansion of this sector globally. As nations continue to strengthen border security and invest in combat readiness, the market is witnessing innovation across vehicle platforms, weapons systems, and guided munitions for future warfare environments.
Land Based Defense Equipment Market, Segmentation by Armored Vehicles
The Armored Vehicles segment remains a cornerstone of ground warfare capability, representing a major share of defense procurement budgets worldwide. Investments in mobility enhancement, ballistic protection, and hybrid propulsion technologies are transforming battlefield logistics and survivability. Modern armies are focusing on modular vehicle designs, C4ISR integration, and multi-mission adaptability to ensure operational superiority under evolving threat landscapes.
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Infantry Fighting Vehicles (IFVs)
IFVs combine firepower, mobility, and troop transport capabilities, serving as the backbone of mechanized infantry. Upgrades focus on autonomous navigation, active protection systems (APS), and networked targeting. Increasing joint ventures between OEMs and defense ministries aim to localize production and integrate artificial intelligence-driven situational awareness systems.
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Armored Personnel Carriers (APCs)
APCs prioritize troop safety and rapid deployment, enabling secure transport across diverse terrains. Modern APCs incorporate mine-resistant hulls, enhanced mobility kits, and interoperable communication systems. Governments are investing in fleet renewal programs to replace outdated legacy platforms with cost-effective 8x8 and 6x6 models.
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Mine-Resistant Ambush Protected (MRAP) Vehicles
MRAP vehicles are essential for counter-insurgency operations, featuring superior blast protection and advanced armor design. Defense contractors focus on lightweight composite materials to improve agility without compromising safety. The segment continues to expand across emerging markets facing asymmetric warfare and border threats.
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Armored Cars & Transport Vehicles
Armored cars and transport vehicles play a crucial role in logistics, reconnaissance, and patrol missions. With the rise of urban warfare and peacekeeping deployments, demand for compact, multi-role vehicles is increasing. Manufacturers emphasize upgradable armor kits and cost-efficient life-cycle maintenance strategies.
 
Land Based Defense Equipment Market, Segmentation by Missiles
The Missiles segment reflects nations’ strategic deterrence and tactical strike capabilities, encompassing both offensive and defensive systems. Continuous investment in precision guidance, extended range, and countermeasure resistance drives modernization programs. Alliances between defense contractors and state agencies enhance technology transfer, while geopolitical tensions accelerate the adoption of advanced missile architectures.
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Anti-Tank Guided Missiles (ATGMs)
ATGMs enable ground forces to neutralize armored targets effectively with top-attack precision. Next-generation systems feature fire-and-forget guidance and man-portable designs. Global defense programs are increasingly emphasizing indigenous manufacturing to reduce dependency on imports.
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Surface-To-Air Missiles (SAMs)
SAMs form a vital component of national air defense networks, designed to intercept enemy aircraft and UAVs. Recent developments include multi-layered defense systems and radar-guided interceptors. Countries are investing in long-range SAM platforms and mobile launch systems to strengthen airspace sovereignty.
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Tactical Ballistic Missiles
Tactical ballistic missiles (TBMs) provide rapid, short-range strike capabilities for battlefield engagement. Their development focuses on solid-fuel propulsion and enhanced maneuverability. Regional security concerns continue to drive collaborative R&D for improved payload accuracy and warhead diversity.
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Cruise Missiles
Cruise missiles are central to precision strike operations, featuring low-altitude flight and stealth profiles. Modern systems emphasize terrain-hugging navigation and long-range deployment flexibility. Integration with network-centric warfare platforms enhances responsiveness and strike coordination.
 
Land Based Defense Equipment Market, Segmentation by Tanks
The Tanks segment underscores advancements in armored warfare and battlefield dominance. Continuous modernization initiatives focus on improving lethality, mobility, and crew survivability through digitalization, composite armor, and active protection systems. Nations are adopting joint-production frameworks and retrofit programs to extend the operational lifespan of existing tank fleets.
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Main Battle Tanks (MBTs)
MBTs remain the backbone of heavy armor forces, offering unmatched firepower and protection. Ongoing innovation includes autonomous turret control, thermal imaging, and next-gen communication systems. Defense alliances continue to co-develop MBTs optimized for interoperability in multinational coalitions.
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Light Tanks
Light tanks are gaining importance for rapid deployment in mountainous and urban terrains. Their high mobility and reduced logistical footprint make them ideal for expeditionary operations. Manufacturers are integrating lightweight armor composites and multi-caliber weapon systems to improve versatility.
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Armored Reconnaissance Vehicles
Armored reconnaissance vehicles provide situational intelligence and target acquisition for command units. Their design evolution emphasizes stealth mobility, advanced sensors, and AI-enabled data fusion. This category is benefiting from increasing defense budgets allocated to ISR (Intelligence, Surveillance, and Reconnaissance) capabilities.
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Tank Destroyers
Tank destroyers specialize in long-range anti-armor engagement, employing high-velocity guns or missile integration. They complement MBTs in hybrid battle formations. Emerging market demand focuses on cost-effective designs with enhanced mobility-to-firepower ratios.
 
Land Based Defense Equipment Market, Segmentation by Small Arms and Light Weapons
The Small Arms and Light Weapons (SALW) segment covers handheld and portable systems integral to infantry operations and homeland security forces. Upgrades in ergonomics, accuracy, and modularity are improving combat effectiveness and adaptability. Governments are supporting domestic production and licensed manufacturing to ensure self-sufficiency in arms supply chains.
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Rifles
Rifles dominate infantry weapon portfolios, offering high precision and adaptability. Development efforts center on next-generation assault rifles with enhanced optics and reduced recoil systems. The integration of modular weapon platforms allows customization for mission-specific roles.
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Submachine Guns
Submachine guns are key for close-quarters combat, valued for compact design and high rate of fire. Law enforcement and special forces units increasingly adopt suppressed and lightweight variants, driven by urban counter-terror operations.
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Shotguns
Shotguns serve tactical and breaching applications, offering multi-load compatibility for diverse engagements. The segment benefits from military-police interoperability programs and rising demand for modular, semi-automatic systems.
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Light Machine Guns (LMGs)
LMGs deliver suppressive fire capabilities, essential for squad-level dominance. Current designs emphasize lightweight alloys and heat dissipation systems for sustained operations. Joint ventures support modernization under infantry upgrade programs.
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Handguns
Handguns are standard issue for military officers and security forces, with focus on reliability and ease of maintenance. Manufacturers are prioritizing polymer-frame models and ergonomic grips to enhance performance and comfort.
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Grenades & Launcher Systems
Grenades and launcher systems deliver high-impact firepower for area suppression and anti-armor missions. The market emphasizes multi-purpose ammunition and integration with rifle-mounted systems. Automation and digital fusing technologies are redefining engagement precision.
 
Land Based Defense Equipment Market, Segmentation by Geography
In this report, the Land Based Defense Equipment Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America dominates global demand, driven by high defense budgets, continuous modernization programs, and robust R&D ecosystems. The United States and Canada invest heavily in armored systems, guided munitions, and next-generation autonomous ground platforms. Strategic partnerships with NATO allies further strengthen regional defense industrial bases.
Europe
Europe shows sustained growth due to coordinated defense procurement under the European Defense Fund and increased collaboration among member states. The region focuses on standardization and interoperability across armored fleets and missile systems. Geopolitical developments in Eastern Europe continue to accelerate investment in ground force readiness.
Asia Pacific
Asia Pacific is witnessing rapid expansion, supported by defense modernization in China, India, Japan, and South Korea. Governments prioritize indigenous manufacturing and self-reliance initiatives to enhance military capability. Rising regional tensions and border disputes are prompting increased procurement of tanks, missiles, and armored vehicles.
Middle East & Africa
Middle East & Africa markets are driven by modernization programs, counter-insurgency operations, and regional security coalitions. Gulf nations are investing in advanced missile defense systems and armored fleets to strengthen deterrence. African states focus on mobility solutions and cost-effective ground assets for peacekeeping and defense missions.
Latin America
Latin America demonstrates steady development through gradual fleet renewal and border security enhancement. Local manufacturing partnerships in Brazil, Mexico, and Argentina aim to build indigenous production capacity. Economic recovery and international collaborations support future expansion in light weapons and vehicle upgrades.
Land Based Defense Equipment Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Land Based Defense Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential | 
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development | 
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance | 
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances | 
Drivers, Restraints and Opportunity Analysis
Drivers:
- Military Modernization Initiatives
 - Global Conflict and Regional Instability
 - Military Spending and Defense Budgets
 - Security Threats and Geopolitical Tensions
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Modernization and Replacement Programs- Modernization and replacement programs are crucial initiatives undertaken by governments to upgrade and enhance their land-based defense capabilities, driving significant opportunities and demand within the global market for land-based defense equipment. These programs involve the replacement of outdated or obsolete equipment with modern, technologically advanced systems to maintain military readiness and effectiveness in the face of evolving security threats. Governments invest in modernization programs to improve operational efficiency, increase survivability, and ensure compatibility with emerging technologies, such as advanced sensors, communication systems, and unmanned platforms. By upgrading their land-based defense equipment, military forces can better respond to current and future challenges, including conventional warfare, asymmetric threats, and cyber warfare, thereby strengthening national defense capabilities and maintaining strategic superiority.
Modernization and replacement programs stimulate innovation and investment within the defense industry, driving research and development initiatives to develop cutting-edge technologies and next-generation platforms. Manufacturers of land-based defense equipment stand to benefit from these programs by securing contracts for the supply of new systems, subsystems, and components tailored to meet the specific requirements of modernized military forces. Modernization programs often involve partnerships and collaboration between government agencies, defense contractors, and technology providers, fostering cross-sectoral cooperation and knowledge exchange. This collaboration facilitates the integration of advanced capabilities into land-based defense equipment, such as improved mobility, firepower, and survivability features, ensuring that military forces remain agile, adaptable, and capable of meeting emerging threats in an ever-changing security landscape.
 
Restraints:
- Trade Tariffs and Protectionism
 - Export Restrictions and Regulations
 - Environmental and Sustainability Concerns
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Geopolitical Tensions and Regional Conflicts- Geopolitical tensions and regional conflicts have long been significant drivers of demand for land-based defense equipment on a global scale. Heightened tensions between nations or within regions often lead to increased defense spending as countries seek to bolster their military capabilities and deter potential adversaries. In regions characterized by territorial disputes, historical animosities, or geopolitical rivalries, governments prioritize the acquisition of advanced land-based defense equipment to maintain strategic advantage and protect national sovereignty. For example, in the Asia-Pacific region, territorial disputes in the South China Sea and the Korean Peninsula have spurred a surge in defense procurement, driving demand for armored vehicles, missile defense systems, and other land-based weaponry among neighboring countries.
Regional conflicts, insurgencies, and terrorist threats further underscore the importance of robust land-based defense capabilities. In conflict-affected regions such as the Middle East, Africa, and parts of Asia, governments and non-state actors alike invest heavily in military equipment to assert influence, defend against external threats, and maintain internal stability. Asymmetric warfare tactics employed by insurgent groups and terrorist organizations necessitate specialized land-based defense equipment designed for counterinsurgency operations, urban warfare, and counterterrorism efforts. Consequently, manufacturers of armored vehicles, unmanned aerial systems, and precision-guided munitions find ample opportunities to supply equipment tailored to the unique challenges posed by regional conflicts, thereby driving growth in the global land-based defense equipment market.
 
Opportunities:
- Modernization Initiatives
 - Growing Threats and Conflicts
 - Focus on Urban Warfare and Counterterrorism
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Integration of Artificial Intelligence and Robotics- The integration of artificial intelligence (AI) and robotics is revolutionizing the global land-based defense equipment market, offering unprecedented capabilities in terms of autonomy, efficiency, and effectiveness. AI-powered systems are enabling land-based defense equipment to operate with greater autonomy and adaptability, reducing the need for human intervention in routine tasks and decision-making processes. Robotics, including unmanned ground vehicles (UGVs) and autonomous drones, are being increasingly deployed for reconnaissance, surveillance, and logistics support, allowing defense forces to gather real-time intelligence, conduct remote operations, and minimize risks to human personnel in hostile environments. These AI-driven technologies enhance situational awareness, enable faster response times, and improve the overall effectiveness of land-based defense operations, making them indispensable assets for modern military forces.
AI and robotics are facilitating the development of next-generation land-based defense equipment with advanced capabilities such as predictive maintenance, self-learning algorithms, and swarm intelligence. Predictive maintenance algorithms analyze data from sensors and monitoring systems to detect potential equipment failures before they occur, thereby reducing downtime and optimizing asset utilization. Self-learning algorithms enable land-based defense equipment to adapt to changing environments and operational scenarios, improving their performance and resilience in dynamic battlefield conditions. Swarm intelligence techniques enable coordinated collaboration among multiple autonomous vehicles and drones, allowing them to perform complex missions with precision and efficiency. As defense forces worldwide seek to maintain technological superiority and strategic advantage, the integration of AI and robotics will continue to drive innovation and shape the future of the global land-based defense equipment market.
 
Land Based Defense Equipment Market Competitive Landscape Analysis
Land Based Defense Equipment Market is defined by intense competition, where leading defense contractors and specialized manufacturers pursue aggressive strategies through merger, partnerships, and collaboration. With more than 40% market share concentrated among top-tier players, competition remains centered on delivering advanced systems while ensuring adaptability for evolving military requirements and modernization efforts worldwide.
Market Structure and Concentration
The market reflects a moderately concentrated structure, with nearly 45% controlled by dominant defense corporations and the rest distributed among regional firms. This balance fosters both large-scale capability and niche specialization. Companies focus on innovation, supply chain resilience, and long-term contracts, positioning themselves for sustainable growth in an environment of increasing defense budgets.
Brand and Channel Strategies
Key manufacturers implement targeted strategies to strengthen brand authority, relying on long-standing government contracts and military procurement networks. Channel approaches emphasize direct defense sales, offset agreements, and strategic collaboration with local industries. These methods ensure market penetration while supporting technology transfer, allowing suppliers to build trust and expand defense relationships.
Innovation Drivers and Technological Advancements
Continuous technological advancements define the competitive edge, with investment directed toward AI-enabled targeting, armored vehicle protection, and integrated communications. Over 50% of new contracts involve equipment with enhanced digital integration and automation. Industry leaders pursue innovation through R&D, partnerships, and co-development initiatives, ensuring products meet shifting defense requirements while promoting operational efficiency and tactical superiority.
Regional Momentum and Expansion
Regional expansion shapes competitive positioning, with Asia-Pacific contributing nearly 30% of current growth due to modernization programs and rising procurement budgets. North America maintains about 35% share, strengthened by technological leadership and sustained defense spending. Europe, meanwhile, fosters collaboration across allied nations, driving joint projects that balance industrial capabilities with collective security demands.
Future Outlook
The future outlook highlights increasing reliance on integrated defense ecosystems, where partnerships, co-production, and strategies for rapid deployment dominate. With defense modernization accelerating, competitive advantage will rest on technological advancements, alliances, and efficient production models. Companies investing in scalable platforms and long-term growth strategies are expected to strengthen their positions in the evolving landscape.
Key players in Land Based Defense Equipment Market include:
- China North Industries Group Corporation (Norinco)
 - Lockheed Martin Corporation
 - Raytheon (RTX)
 - General Dynamics Corporation
 - BAE Systems plc
 - Northrop Grumman Corporation
 - Mitsubishi Heavy Industries
 - Hanwha Corporation
 - Leonardo S.p.A.
 - Oshkosh Corporation
 - Rheinmetall AG
 - Elbit Systems Ltd.
 - Uralvagonzavod
 - IVECO Defence Vehicles
 - Nexter Group
 
In this report, the profile of each market player provides following information:
- Market Share Analysis
 - Company Overview and Product Portfolio
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Key Developments
 - Financial Overview
 - Strategies
 - Company SWOT Analysis
 
- Introduction 
- Research Objectives and Assumptions
 - Research Methodology
 - Abbreviations
 
 - Market Definition & Study Scope
 - Executive Summary 
- Market Snapshot, By Armored Vehicles
 - Market Snapshot, By Missiles
 - Market Snapshot, By Tanks
 - Market Snapshot, By Small Arms and Light Weapons
 - Market Snapshot, By Region
 
 - Land Based Defense Equipment Market Dynamics 
- Drivers, Restraints and Opportunities 
- Drivers 
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Military Modernization Initiatives
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Global Conflict and Regional Instability
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Military Spending and Defense Budgets
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Security Threats and Geopolitical Tensions
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Modernization and Replacement Programs
 
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 - Restraints 
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Trade Tariffs and Protectionism
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Export Restrictions and Regulations
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Environmental and Sustainability Concerns
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Geopolitical Tensions and Regional Conflicts
 
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 - Opportunities 
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Modernization Initiatives
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Growing Threats and Conflicts
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Focus on Urban Warfare and Counterterrorism
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Integration of Artificial Intelligence and Robotics
 
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 - Drivers 
 - PEST Analysis 
- Political Analysis
 - Economic Analysis
 - Social Analysis
 - Technological Analysis
 
 - Porter's Analysis 
- Bargaining Power of Suppliers
 - Bargaining Power of Buyers
 - Threat of Substitutes
 - Threat of New Entrants
 - Competitive Rivalry
 
 
 - Drivers, Restraints and Opportunities 
 - Market Segmentation 
- Land Based Defense Equipment Market, By Armored Vehicles, 2021 - 2031 (USD Million) 
- Infantry Fighting Vehicles (IFVs)
 - Armored Personnel Carriers (APCs)
 - Mine-Resistant Ambush Protected (MRAP) Vehicles
 - Armored Cars & Transport Vehicles
 
 - Land Based Defense Equipment Market, By Missiles, 2021 - 2031 (USD Million) 
- Anti-Tank Guided Missiles (ATGMs)
 - Surface-To-Air Missiles (SAMs)
 - Tactical Ballistic Missiles
 - Cruise Missiles
 
 - Land Based Defense Equipment Market, By Tanks, 2021 - 2031 (USD Million) 
- Main Battle Tanks (MBTs)
 - Light Tanks
 - Armored Reconnaissance Vehicles
 - Tank Destroyers
 
 - Land Based Defense Equipment Market, By Small Arms and Light Weapons, 2021 - 2031 (USD Million) 
- Rifles
 - Submachine Guns
 - Shotguns
 - Light Machine Guns (LMGs)
 - Handguns
 - Grenades & Launcher Systems
 
 - Land Based Defense Equipment Market, By Geography, 2021 - 2031 (USD Million) 
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North America
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United States
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Canada
 
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Europe
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Germany
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United Kingdom
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France
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Italy
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Spain
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Nordic
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Benelux
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Rest of Europe
 
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Asia Pacific
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Japan
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China
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India
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Australia & New Zealand
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South Korea
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ASEAN (Association of South East Asian Countries)
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Rest of Asia Pacific
 
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Middle East & Africa
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GCC
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Israel
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South Africa
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Rest of Middle East & Africa
 
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Latin America
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Brazil
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Mexico
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Argentina
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Rest of Latin America
 
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 - Land Based Defense Equipment Market, By Armored Vehicles, 2021 - 2031 (USD Million) 
 - Competitive Landscape 
- Company Profiles 
- China North Industries Group Corporation (Norinco)
 - Lockheed Martin Corporation
 - Raytheon (RTX)
 - General Dynamics Corporation
 - BAE Systems plc
 - Northrop Grumman Corporation
 - Mitsubishi Heavy Industries
 - Hanwha Corporation
 - Leonardo S.p.A.
 - Oshkosh Corporation
 - Rheinmetall AG
 - Elbit Systems Ltd.
 - Uralvagonzavod
 - IVECO Defence Vehicles
 - Nexter Group
 
 
 - Company Profiles 
 - Analyst Views
 - Future Outlook of the Market
 

