Military Land Vehicles Market Size, Share, and Growth Analysis

Global Military Land Vehicles Market

Military Land Vehicles Market By Offerings (Platforms, Services), By Type (Light protected vehicles, Armored personnel carriers), By Mobility Capability (Tracked, Wheeled), By Applications (Defense, Transportation), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20A2353 | Region: Global | Published Date: June, 2025
Pages: 195 |Tables: 87 |Figures: 76

Format - word format excel data power point presentation

Military Land Vehicles Market Insights

Global Military Land Vehicles Market size was valued at USD 24.8 billion in 2023 and is poised to grow from USD 25.82 billion in 2024 to USD 35.6 billion by 2032, growing at a CAGR of 4.1% during the forecast period (2025-2032).

The global military land vehicles market is presently experiencing extensive military modernization. Countries are giving high importance to replace old tanks, infantry fighting vehicles (IFVs) and armored personnel carriers (APCs) with networked sophisticated models to enhance battlefield performance. A key driver of this trend is the heightened defense spending by major world powers, especially the United States which drives demand for upgraded armored fleets. The incorporation of cutting-edge technologies such as autonomous platforms and artificial intelligence is revolutionizing land vehicle capabilities, thus enabling smarter and more effective operations.

The use of cutting-edge technologies including electric propulsion and AI sensors marks significant military land vehicles industry trends in the market, for example, the shift towards autonomous combat systems and the adoption of hybrid-electric drivetrains to enhance energy efficiency. The technologies are used to improve vehicle performance, situational awareness, and operational efficiency, thus being adequate for changing defense force needs. Regional tensions and geopolitical instability continue to exert pressure on military organizations to invest heavily in ground forces, thus maintaining market momentum. Even despite disappointments like budget cuts and delays in the deployment of technologies, the focus on the next generation of vehicles guarantees long-term growth. Strategic alliances and local production also impact market growth significantly, especially in high defense priority regions.

How Technology Enhances Military Land Vehicle Capabilities?

Emerging technologies are transforming the military land vehicles market with enhanced operational capability survivability, and flexibility through innovative market strategies. Artificial Intelligence (AI) enables autonomous navigation, real-time detection of threats, and predictive maintenance reducing the risk to man and augmenting decision making on the intricate battlefield. Electric and hybrid power technologies enhance fuel economy and reduce thermal signatures, rendering vehicles harder to detect. Enhanced sensors and networked communications enhance situational awareness enabling efficient coordination between units. These technologies enable militaries to deploy flexible and survivable vehicles capable of countering modern threats ranging from urban warfare to asymmetric warfare and assisting global modernization driving military land vehicles market revenue in the defense sector.

For instance, in September 2024, Rheinmetall launched the Lynx KF51 EVO infantry fighting vehicle fitted with AI as a notable global military land vehicles industry analysis. The platform features autonomous driving predictive maintenance and sensor fusion thus improving urban combat performance and reducing operator workload providing an example of the way that technology facilitates mission success in adaptive environments.

Market snapshot - 2025-2032

Global Market Size

USD 24.8 billion

Largest Segment

Platforms

Fastest Growth

Services

Growth Rate

4.1% CAGR

Global Military Land Vehicles Market ($ Bn)
Country Share by North America (%)

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Military Land Vehicles Market Segments Analysis

Global Military Land Vehicles Market is segmented by Offerings, Type, Mobility Capability, Applications and region. Based on Offerings, the market is segmented into Platforms and Services. Based on Type, the market is segmented into Light protected vehicles, Armored personnel carriers, Infantry fighting vehicles, Main battle tanks and Others. Based on Mobility Capability, the market is segmented into Tracked, Wheeled and Amphibious. Based on Applications, the market is segmented into Defense and Transportation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Why do Infantry Fighting Vehicles Lead the Vehicle Type Segment in the Global Military Land Vehicles Market?

Infantry Fighting Vehicles (IFVs) is dominating in the global military land vehicles market share. IFVs play a vital role in deploying armored troops and delivery of mobile firepower, which continues to drive strong demand in the segment. These heavy weapons armoured personnel carriers dominate sales by dint of massive modernization efforts (e.g. new IFVs for the U.S., France, etc.). IFV platforms are also being modified to carry sophisticated electronics and active protections systems making them more survivable.

Light tactical and support vehicles are fastest growing in the global military land vehicles market. Tactical support vehicles armoured trucks and wheeled multi-role platforms (6×6 and 8×8 vehicles), are increasing at a high rate because military forces are replacing logistics fleets with upgraded ones. New wars are focusing on mobility, so lighter combat support vehicles (e.g. ambulances, command posts) and armoured personnel carriers (APCs) are being purchased aggressively. These vehicles tend to be easier to deploy and can be locally manufactured, these vehicles are experiencing a faster growth rate compared to heavier main battle tanks.

Why does the Defense and Combat Application Drive Dominance in the Global Military Land Vehicles Market?

The defense and combat segment is dominating in the global military land vehicles market size. Most military land vehicles are purchased by armies and marine corps for front line and combat use. They include battle tanks, IFVs, APCs and combat support vehicles. Defense spending policy and network-centric warfare programs such as AI, ISR integration, swarm tactics target warfighting capability so the segment captures most investment.

Homeland security and support are fastest growing in global military land vehicles market. Militaries are increasingly investing in transport, engineering and light response vehicles to equip troops for both domestically and international operations. Non-combat applications like mobile command, troop transport, medical evacuation and internal security are experiencing higher growth in procurement. Governments are also enhancing homeland security fleets in certain areas which is adding to growth in this end user category.

Global Military Land Vehicles Market By Offering (%)

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Military Land Vehicles Market Regional Insights

Why does North America Dominate the Military Land Vehicles Market?

North America leads in defense expenditures and drives large vehicle buys by the Army and Marine Corps. The United States is the leader in modernization, through new purchases of advanced armored vehicles replacing older transports. Canada is driving growth through modernization of logistics vehicles. A strong industrial base and advanced research, enable North America to be the leader in the manufacture of advanced high performance military ground vehicles.

US Military Land Vehicles Market

The United States leads North America dominance of the military land vehicles market penetration, through extensive modernization. The recent agreements are centered on the development of advanced infantry fighting vehicles, artillery and truck support basically replacing aging transports. The military increases its effectiveness by using Optionally manned and robotic vehicle. These solutions minimize soldier exposure to danger while enhancing operational efficiency and preserving American leadership in global defense technology. The development of innovative platforms requires a powerful industrial base. The Army and Marine use these platforms to preserve their first-class ground forces which function effectively against current battlefield obstacles.

Canada Military Land Vehicles Market

Canada is speeding up land vehicle modernization of its military which is adding value to North America military land vehicles market. New investments affirm the provision of advanced combat support armored vehicles to its allied countries supplemented by in country logistic vehicle modernization through strategic alliances. Continued investments in enhanced light armored vehicles, including ambulances and support models add to operational effectiveness. Canada strong defense sector fuels innovation making its ground forces prepared for changing battlefield needs.

How do Geopolitical Tensions Fuel Asia-Pacific’s Market Growth?

Asia Pacific is the most favourable region in terms of the rapidly expanding military land vehicles market, due to increasing geopolitical tensions such as regional conflicts and border tensions. Governments are spending significantly in local manufacturing, and armouring of vehicles to improve security. The efforts are to create sophisticated vehicles to counter new threats, improve regional defense capacities and make Asia-Pacific a top center of military land vehicles market growth and innovation.

Japan Military Land Vehicles Market

Japan leads Asia Pacific military land vehicles market, due to its state-of-the-art technological advancements and powerful defense sector. Massive investments in AI based vehicles and modernization initiatives strengthen border defense and operational effectiveness. Latest releases are autonomous tactical vehicles designed for hostile environments continuing Japan leadership. Strategic alliances with international defense companies further propel innovation, positioning Japan as a leading center of state-of-the-art armored vehicle production and market expansion.

South Korea Military Land Vehicles Market

South Korea plays a major role in Asia Pacific military land vehicles market with strategic exports and top-class manufacturing. New artillery vehicle contracts to be locally manufactured underpin global presence. Spending on improved armored platforms and autonomous technology adds to defense capability addressing regional security requirements. South Korea vibrant defense industry leads innovation to propel the region fast growing market and remain operationally prepared in changing geopolitics.

How do Nato Modernization Efforts Impact Europe’s Market?

Europe is a key market for military land vehicles fueled by regional security needs and NATO modernization both for ongoing conflicts and today's needs. Several countries are investing in major procurement programs to replace their Cold War era fleets with new vehicles. The programs are aimed at enhancing mobility, firepower and survivability defining Europe strategic position. Investment in new vehicle designs and regional collaboration keeps the market vibrant responding to changing defense needs.

Germany Military Land Vehicles Market

Germany dominates Europe military land vehicles market through comprehensive modernization of its Bundeswehr military. Recent acquisitions with prominent manufacturers focus on advanced wheeled combat vehicles to retire aging tracked platforms to create capable medium forces brigades. Continuous upgrades for main battle tanks and infantry fighting vehicles improve operational effectiveness. Germany strong defense sector and strategic procurement drive innovation and is the primary driver of Europe military land vehicles market growth.

France Military Land Vehicles Market

France leads its military land vehicles market with a comprehensive modernization program. New orders concentrate on next-generation infantry and combat vehicles with sophisticated weaponry phasing out old platforms. Expanded production of wheeled vehicles enhances mobility and firepower on contemporary battlefields. France concentration on the latest technology and strategic deployments makes its defense capabilities stronger contributing significantly to Europe military land vehicles market forces and NATO modernization objectives.

United Kingdom Military Land Vehicles Market

The United Kingdom supports Europe military land vehicles market by virtue of its ambitious modernization initiatives. Recent initiatives have been directed towards next generation infantry fighting vehicles like the Ajax platform which will replace older fleets. Investment in networked systems and improved armour guarantees operational efficiency. The UK robust defense industry stimulates innovation thereby supporting the objectives of NATO and enhancing the growth of Europe military land vehicles market by solving current battlefield issues utilizing leading vehicle technologies.

Global Military Land Vehicles Market By Geography
  • Largest
  • Fastest

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Military Land Vehicles Market Dynamics

Military Land Vehicles Market Drivers

Rising Defense Budgets and Modernization Programs

  • Global defense expenditure fuels the expansion of the global military land vehicles market. Countries focus on the acquisition of sophisticated armored vehicles such as, tanks, infantry fighting vehicles and personnel carriers as well as fleet modernization. Major programs across key regions enhance operational capability driving innovation, and prolonging market demand, as militaries invest in sophisticated platforms to address changing defense requirements and gain strategic advantage.

Geopolitical Tensions and New Threats

  • Growing regional tensions and border conflicts, fuel the need for improved ground forces. Countries confronting asymmetric warfare or territorial threats are spending on next-generation vehicles including, mine resistant vehicles, and driverless vehicles to enhance deterrence. These geopolitical tensions fuel modernization which sparks the creation of adaptive robust vehicles, to confront changing security threats, and drive the global military land vehicles market growth in conflict regions.

Military Land Vehicles Market Restraints

High Development and Lifecycle Costs

  • Sophisticated military vehicles are costly to create, test and maintain. The use of advanced armour, electronics and autonomous systems raises costs, possibly slowing procurement or capping program size especially for countries with constrained budgets. Such cost constraints restrict the global military land vehicles market growth, because high-cost limits access to advanced platforms lowering adoption in resource poor areas.

Complex Procurement and Delays

  • Creating ground vehicle development programs is usually a long process for technical and administrative reasons. Technical reasons including combat hardened electronics and very high survivability factors and administrative reasons can cause delays. For instance, certain programs such as the UK's Ajax IFV, have been delayed by years because of design and schedule problems, demonstrating how such complications may hamper the global military land vehicles market growth.

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Military Land Vehicles Market Competitive Landscape

The established players like General Dynamics, BAE Systems, Rheinmetall, Oshkosh Defense, ST Engineering and KNDS have a stronghold over the global military land vehicles market. They influence competition by forming alliances, mergers and state-of-the-art R&D. Oshkosh takeover of Pratt Miller and its partnership with ST Engineering for Arctic vehicle programs are great instances of this. Investment in hybrid drives, digital systems and active protection technologies is at the center of their long-term competitive strategies.

At the same time Startups are revolutionizing the marketplace with niche innovations in autonomy and AI. Overland AI secured an $18.6 million contract with the U.S. Army for its autonomous ULTRA vehicle and Forterra AutoDrive system was selected for the USMC ROGUE Fires program. These agile firms integrate next generation technology into small, mission enabled vehicles, forcing traditional manufacturers to accelerate on digital transformation. Their rapid prototyping and software driven approach make them critical disruptors to the new battlefield mobility ecosystem.

  • Founded in 2018, Overland AI (USA) producing autonomous off-road vehicles. Overland in 2025, introduced the "Ultra" a highly autonomous tactical vehicle for missions ranging from reconnaissance to logistics. Previously it received an $18.6M U.S. Army contract (2024) to manufacture its Ultra vehicle in the Robotic Combat Vehicle program. Overland technologies tough autonomy, AI navigation are intended to decrease soldier risk and increase mission reach.
  • Established in 2020, Forterra (USA) Formerly RedZone Robotics, Forterra designs autonomy systems known as "AutoDrive" for ground moving vehicles. Forterra acquired the ROGUE Fires contract from the U.S. Marine Corps in January 2025, its AutoDrive stack will be implemented in new Oshkosh support vehicles thereby, being the Department of Defense first production contract for ground vehicle autonomy. Forterra systems drive autonomous logistics and fire support vehicles in turn showing the growing need for robotic enabled land platforms.

Top Player’s Company Profiles

  • General Dynamics Corporation 
  • BAE Systems plc 
  • Rheinmetall AG 
  • Oshkosh Corporation 
  • Lockheed Martin Corporation 
  • Thales Group 
  • Textron Inc. 
  • KMW + Nexter Defense Systems 
  • ST Engineering Ltd. 
  • Iveco Defense Vehicles 
  • Ashok Leyland Ltd. 
  • Leonardo S.p.A. 
  • Hanwha Defense 
  • Tata Motors Limited 
  • Krauss-Maffei Wegmann GmbH & Co. KG 
  • Rostec State Corporation 
  • Hyundai Rotem Company 
  • China North Industries Group Corporation Limited (NORINCO)

Recent Developments in Military Land Vehicles Market

  • In January 2025 Autonomous Ground Systems Contract: Forterra announced that the U.S. Marine Corps ROGUE Fires initiative will integrate its AutoDrive autonomy stack into Oshkosh next generation vehicles. This is the Department of Defense first production contract dedicated specifically to ground vehicle autonomy thereby demonstrating commitment to robotic systems.
  • In March 2025 U.S. Army Procures AMPVs BAE Systems received a $356.7 million contract from the U.S. Army to produce armoured Multi -Purpose Vehicles (AMPVs) for the armoured Brigade Combat Teams. They will be used to replace aging M113 carriers which will enhance troop carrying and support capacity.
  • In April 2025 New Autonomous Tactical Vehicle Unveiled: Overland AI introduced the "Ultra" an ultra-durable autonomous autonomous tactical ground vehicle. It is 1,000 lb and moves at 35 mph and performs reconnaissance, logistics and counter-UAS operations in autonomous mode highlighting the confluence of AI/robotics in current armoured vehicles.

Military Land Vehicles Key Market Trends

Military Land Vehicles Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk Research.

As per SkyQuest analysis, defense spending growth and technological advancements are key drivers of the global military land vehicles market. The United States and other key spenders are specifically driving demand for new Infantry Fighting Vehicles (IFVs), Armored Personnel Carriers (APCs) and high-end trucks. High development and maintenance costs are the key restraints, which constrain procurement activity for some programs. The North America region led by the United States is the largest market in the world today and infantry fighting vehicles are the largest segment. The second key driver is the pursuit of autonomous and AI-based vehicles. Military organizations are quickly adopting robotics and artificial intelligence into land fleets, thus creating expanded market opportunities for technology-enabled platforms.

Report Metric Details
Market size value in 2023 USD 24.8 billion
Market size value in 2032 USD 35.6 billion
Growth Rate 4.1%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Offerings
    • Platforms
    • Services
  • Type
    • Light protected vehicles
    • Armored personnel carriers
    • Infantry fighting vehicles
    • Main battle tanks
    • Others
  • Mobility Capability
    • Tracked
    • Wheeled
    • Amphibious
  • Applications
    • Defense
    • Transportation
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • General Dynamics Corporation 
  • BAE Systems plc 
  • Rheinmetall AG 
  • Oshkosh Corporation 
  • Lockheed Martin Corporation 
  • Thales Group 
  • Textron Inc. 
  • KMW + Nexter Defense Systems 
  • ST Engineering Ltd. 
  • Iveco Defense Vehicles 
  • Ashok Leyland Ltd. 
  • Leonardo S.p.A. 
  • Hanwha Defense 
  • Tata Motors Limited 
  • Krauss-Maffei Wegmann GmbH & Co. KG 
  • Rostec State Corporation 
  • Hyundai Rotem Company 
  • China North Industries Group Corporation Limited (NORINCO)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Military Land Vehicles Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Military Land Vehicles Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Military Land Vehicles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Military Land Vehicles Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

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Customization Options

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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

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FAQs

Global Military Land Vehicles Market size was valued at USD 25.8 billion in 2023 poised to grow from USD 26.64 billion in 2024 to USD 34.38 billion by 2032, growing at a CAGR of 3.24% during the forecast period (2025-2032).

The established players like General Dynamics, BAE Systems, Rheinmetall, Oshkosh Defense, ST Engineering and KNDS have a stronghold over the global military land vehicles market. They influence competition by forming alliances, mergers and state-of-the-art R&D. Oshkosh takeover of Pratt Miller and its partnership with ST Engineering for Arctic vehicle programs are great instances of this. Investment in hybrid drives, digital systems and active protection technologies is at the center of their long-term competitive strategies. 'General Dynamics Corporation (United States)', 'BAE Systems plc (United Kingdom)', 'Rheinmetall AG (Germany)', 'ST Engineering Ltd. (Singapore)', 'Iveco Defense Vehicles (Italy)', 'Ashok Leyland Ltd. (India)', 'Leonardo S.p.A. (Italy)', 'Hanwha Defense (South Korea)', 'Tata Motors Limited (India)', 'Oshkosh Corporation (United States)', 'Lockheed Martin Corporation (United States)', 'AM General LLC (United States)', 'Navistar International Corporation (United States)', 'Thales Group (France)', 'Textron Inc. (United States)', 'KMW + Nexter Defense Systems (KNDS) (Germany + France)', 'Krauss-Maffei Wegmann GmbH & Co. KG (Germany)', 'Rostec State Corporation (Russia)', 'Hyundai Rotem Company (South Korea)', 'China North Industries Group Corporation Limited (NORINCO) (China)'

Global defense expenditure fuels the expansion of the global military land vehicles market. Countries focus on the acquisition of sophisticated armored vehicles such as, tanks, infantry fighting vehicles and personnel carriers as well as fleet modernization. Major programs across key regions enhance operational capability driving innovation, and prolonging market demand, as militaries invest in sophisticated platforms to address changing defense requirements and gain strategic advantage.

Autonomy and Robotics: There is a definite trend towards unmanned ground vehicles and artificial intelligence systems within combat fleets. Armies are deploying robotic combat vehicles and driver assist/autopilot technology to decrease crew risk and increase operational mobility. This encompasses unmanned heavy trucks and autonomous convoys for logistics resupply symptomatic of the trend towards networked and automated warfare.

Why does North America Dominate the Military Land Vehicles Market?

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