Military Land Vehicles Market Analysis and Forecast to 2033 (Report Bundle)

Explore the bundled version of the ‘Military Land Vehicles Market’ report to get in-depth insight and access to:

• A detailed report narrative in PDF format and an interactive Excel dashboard. This interactive Excel sheet allows the user to filter the data according to types of vehicles, region, country, defense spending, and much more.
• Market Size and Drivers: Detailed analysis during 2023-2033, including the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.
• Recent Developments and Industry Challenges: Insights into technological developments and a detailed analysis of the existing military land vehicle programs being executed and planned worldwide. It also provides trends of the changing industry structure and the challenges faced by industry participants.
• Regional Highlights: The study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
• Major Programs: Details of the key programs in each segment, which are expected to be executed during 2023-2033.
• Competitive Landscape and Strategic Insights: analysis of the competitive landscape of the global military land vehicles market. It provides an overview of key players, their strategic initiatives, and financial analysis. 

How is the ‘Military Land Vehicles Market’ report different from other reports in the market?

• The Excel interactive dashboard contains a detailed breakdown of the military land vehicles market for various categories including main battle tanks (MBT), infantry fighting vehicles (IFV), armored personnel carriers (APC), armored multirole vehicles (AMV), armored engineering vehicles, tactical trucks, support vehicles, and light utility vehicles with market size forecasts for the next 10 years and an outlook on global spending patterns.
• Determine prospective investment areas based on a detailed trend analysis of the global military land vehicles over the next ten years.
• Gain an in-depth understanding of the underlying factors driving demand for different military land vehicle segments in the top spending countries across the world and identify the opportunities offered by each of them.
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global military land vehicles market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military land vehicles market.
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top military land vehicle solution providers around the world. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.

We recommend this valuable source of information to:

• Defense startups, Original Equipment Manufacturers (OEMs), military land vehicle integrators, defense planners, venture capital firms, government agencies, head of marketing, head of sales, CEOs, and senior executives.
• The report guides all concerned stakeholders to utilize the report to identify high-growth segments and customize their offerings to match the project requirements.
• Venture capital firms can utilize the project details, growth rate, and market size to identify and fund high-potential startups.

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Military Land Vehicles Market Overview

The military land vehicles market size is valued at $20.8 billion in 2023 and is expected to grow at a CAGR of more than 4% during 2023-2033. The demand for military land vehicles is expected to be driven by the European region, especially in countries such as Russia, Poland, the UK, France, Germany, and Turkey, which are revamping their armored vehicle fleets. Increasing geopolitical tensions, low-intensity cross-border skirmishes, varied geographical deployment of armed forces, and standardization requirements as part of military alliances such as NATO are a few of the other reasons that are driving military forces globally to acquire modern military land vehicles.

Military Land Vehicles Market Outlook, 2023-2033 ($ billion)

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The military land vehicles market research report covers industry analysis, including the key market drivers, trends, emerging technologies, and major challenges faced by industry participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for the military land vehicles market over the forecast period.

Military Land Vehicles Market Dynamics

The procurement of military land vehicles is a significant part of the defense modernization efforts of many countries around the world. The combination of sophisticated weapon systems, communication, and networking technologies has resulted in a considerable improvement in the operating capabilities of armored vehicles, allowing them to undertake offensive and defensive tasks efficiently. In addition to their traditional roles, such as battlefield dominance, troop movement, and ISR, the next generation of armored vehicles will be tailored to counter and destroy rising urban warfare threats. The increased focus on the development and manufacturing of state-of-the-art armored vehicles by the leading military powers such as the US, Russia, France, Russia, China, India, and the UK to replace their aging inventory of Cold War-era vehicles is anticipated to drive the market over the forecast period.

The integration of remote vehicle operating capacity, or ‘tele-operation’ capabilities, is one of the emerging trends in the military land vehicle market. Military vehicles with such capabilities are known as Optionally Manned Fighting Vehicles (OMFV). While remote weapons stations have become more common on armored vehicles over the last decade, military forces such as the US Army and the Russian Army have pursued the integration of full remote-operational capabilities for their land vehicles. This capability increases the survivability of mechanized troops and vehicle crews by allowing the driver to control the platform remotely from another vehicle or a reinforced command post located further away from the front lines. This capability will also allow Manned-Unmanned Teaming (MUM-T) concepts to be applied in future military vehicle warfare operations.

Military Land Vehicles Market Segments

The key segments in the military land vehicles market are infantry fighting vehicles, armored personnel carriers, main battle tanks, armored multirole vehicles, tactical trucks, armored engineering vehicles, support vehicles, and light utility vehicles. Over 2023-33, the military land vehicles market is expected to be dominated by the infantry fighting vehicle (IFV) segment. This large share is attributed to the continued importance of IFVs in the armored formation of modern armed forces. The combat effectiveness and advanced armored protection for troops provided by IFVs have been well documented, as they have been used in almost all the major conflicts around the world. They are crucial in providing direct-fire support and enabling troops to move safely across the battlefield.

Military Land Vehicles Market Analysis by Segments, 2023-2033 (%)

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Military Land Vehicles Market Segmentation by Regions

The key regions in the military land vehicles market are Asia-Pacific, North America, Europe, Middle East, Africa, and Latin America. The global military land vehicles market is expected to be led by Europe over the forecast period. The regional market is being driven by a constant rise in defense spending of the region’s top countries, including Russia, Poland, the UK, France, and Turkey.

Military Land Vehicles Market Analysis by Regions, 2023-2023 (%)

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Military Land Vehicles Market - Competitive Landscape

Some of the leading companies in the military land vehicles market are Rostec Corp, BAE Systems Plc, General Dynamics, Oshkosh Corp, Polish Armaments Group, and CNH Industrial N.V. among others.

Segments Covered in the Report

Military Land Vehicles Segments Outlook (Value, $ Billion, 2023-2033)

• Infantry Fighting Vehicles
• Armored Personnel Carrier
• Main Battle Tanks
• Armored Multirole Vehicles
• Tactical Trucks
• Armored Engineering Vehicles
• Support Vehicles
• Light Utility Vehicle

Military Land Vehicles Regional Outlook (Value, $ Billion, 2023-2033)

• Asia-Pacific
• North America
• Europe
• Middle East
• Africa
• Latin America