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PUBLISHER: Aviation & Defense Market Reports (A&D) | PRODUCT CODE: 1297008

PUBLISHER: Aviation & Defense Market Reports (A&D) | PRODUCT CODE: 1297008

Global Light Tank Market

PUBLISHED: June 26, 2023

PAGES: 150+ Pages

DELIVERY TIME: Inquiry

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Army light tank was originally designed for quick maneuvers both inside and outside of combat, thus outmaneuvering bigger tanks. Its smaller size, thinner armor, and weaker main gun are designed for superior tactical mobility, simplicity in logistics, and transport. They are mostly used by expeditionary forces for screening, skirmishing, artillery observation, armored reconnaissance, and supporting landing operations in a fire support role when larger, heavier tanks are not available or have trouble functioning safely or effectively.

Light tanks were noted to be key components of the pre-World War II army buildup. It was anticipated that these tanks would be used to take advantage of breaks in the enemy lines caused by slower, heavier tanks in order to sabotage communications and supply routes. During this time, several other smaller models for tank designs known as "tankettes," and "combat automobiles," were created according to light tank market analysis experts.

Major factors driving Light Tank Market Growth:

As per light tank market analysis, the growing military expenditure across developing nations is one of the major factors contributing to the light tank market growth for army light tank light tank market size. Additionally, rising geopolitical tensions between various world powers are another element that is predicted to influence the purchase of military weapons on international light tank markets.

The Indian Army is giving priority to buying an army light tank called "Zorawar" for use in the mountains in response to the impasse with China in eastern Ladakh. The Army published a Request for Information (RFI) in April 2021 for the purchase of 350 light tanks with a weight limit of 25 tonnes, as well as performance-based logistics, specialized technologies, an engineering support package, and additional maintenance and training needs.

According to the "Make in India" initiative, the project, which has already gained in-principle approval, is scheduled to be purchased under the "Make-I" acquisition category of the Defence Acquisition Procedure (DAP)-2020. It won't be long before the Defence Acquisition Council issues its Acceptance of Necessity (AON). According to the requirements of the Army, the Defence Research and Development Organization (DRDO) and Larsen & Toubro (L&T) are working together to build a light tank.

Trends influencing the LT Market Size:

One of the major light tank market growth that are expected to increase the usage of combat helicopters on the international light tank markets is the expansion of indigenous programs. With its "Make in India" strategy, India is renowned for making progress in this area. As per the multiplier effect, it is known that the implementation of homegrown programs boosts direct and indirect employment prospects within a country, which is projected to be a major light tank market driver for homegrown manufacturing of aerospace and defense-related equipment.

LT Market Forecast & Dynamics:

According to market report, the growth in defense budget and the brewing geo-political conflicts between nations in APAC like India, China and Pakistan is poised to accelerate the growth associated with the procurement of light tank vehicles in this region. The use of this technology is hereby poised to increase the two nations' combat ability across the battlefield.

Presently, China is using a variety of light tanks, whilst India is using heavier tanks like the T-90 and T-72. In response to the border impasse with India, Beijing has stationed third-generation modern light tanks along the LAC over the past two years. Since Chinese ZTQ-15 light tanks were able to move quickly across mountainous terrain that Indian armored battalions with T-72s found challenging to maneuver at heights of up to 17,500 feet, this gave Chinese forces a substantial edge over Indian forces. India's response to this problem has been to buy light tanks and start Project Zorawar, which intends to provide light tanks with the ability to mobilize and deploy more quickly in high-altitude battle zones.

Another key trend that is expected to affect the overall defense procurement of nations across the global light tank markets is the growing defense budget. However, a key hindrance to the same could potentially be the burgeoning inflation. The growth in inflation is likely to result in an increase in wages, this is the potential to boost employee retention within the aerospace and defense division. However, it is also noted that an increase in the defense budget could subsequently result in a crimping of overall defense expenditure.

Light Tank Market Analysis for Recent Developments:

The nearly 30-month-long conflict between India and China in eastern Ladakh has brought to light the crucial operational necessity for India to begin a massive indigenous procurement initiative for 354 light tanks. According to sources, the defense ministry has settled the Army's long-standing dispute with the DRDO regarding light tanks that can be quickly deployed after being flown to riverine regions like the Rann of Kutch and Ladakh for high-altitude warfare.

Product Code: AND052

Light Tank Market Report Definition

Light Tank Market Segmentation

By Application

By Region

By Type

Light Tank Market Analysis for next 10 Years

The 10-year Light Tank Market analysis would give a detailed overview of Light Tank Market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

Market Technologies of Light Tank Market

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

Global Light Tank Market Forecast

The 10-year Light Tank Market forecast of this market is covered in detailed across the segments which are mentioned above.

Regional Light Tank Market Trends & Forecast

The region Light Tank Market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking. The current market size is estimated based on the normal scenario.

North America

Drivers, Restraints and Challenges

PEST

Market Forecast & Scenario Analysis

Key Companies

Supplier Tier Landscape

Company Benchmarking

Europe

Middle East

APAC

South America

Country Analysis of Light Tank Market

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

Defense Programs

List of Tables

Table 1: 10 Year Market Outlook, 2023-2033
Table 2: Drivers, Impact Analysis, North America
Table 3: Restraints, Impact Analysis, North America
Table 4: Challenges, Impact Analysis, North America
Table 5: Drivers, Impact Analysis, Europe
Table 6: Restraints, Impact Analysis, Europe
Table 7: Challenges, Impact Analysis, Europe
Table 8: Drivers, Impact Analysis, Middle East
Table 9: Restraints, Impact Analysis, Middle East
Table 10: Challenges, Impact Analysis, Middle East
Table 11: Drivers, Impact Analysis, APAC
Table 12: Restraints, Impact Analysis, APAC
Table 13: Challenges, Impact Analysis, APAC
Table 14: Drivers, Impact Analysis, South America
Table 15: Restraints, Impact Analysis, South America
Table 16: Challenges, Impact Analysis, South America
Table 17: Scenario Analysis, Scenario 1, By Region, 2023-2033
Table 18: Scenario Analysis, Scenario 1, By Application, 2023-2033
Table 19: Scenario Analysis, Scenario 1, By Type, 2023-2033
Table 20: Scenario Analysis, Scenario 2, By Region, 2023-2033
Table 21: Scenario Analysis, Scenario 2, By Application, 2023-2033
Table 22: Scenario Analysis, Scenario 2, By Type, 2023-2033

List of Figures

Figure 1: Global Light Tank Market Forecast, 2023-2033
Figure 2: Global Light Tank Market Forecast, By Region, 2023-2033
Figure 3: Global Light Tank Market Forecast, By Application, 2023-2033
Figure 4: Global Light Tank Market Forecast, By Type, 2023-2033
Figure 5: North America, Light Tank Market, Market Forecast, 2023-2033
Figure 6: Europe, Light Tank Market, Market Forecast, 2023-2033
Figure 7: Middle East, Light Tank Market, Market Forecast, 2023-2033
Figure 8: APAC, Light Tank Market, Market Forecast, 2023-2033
Figure 9: South America, Light Tank Market, Market Forecast, 2023-2033
Figure 10: United States, Light Tank Market, Technology Maturation, 2023-2033
Figure 11: United States, Light Tank Market, Market Forecast, 2023-2033
Figure 12: Canada, Light Tank Market, Technology Maturation, 2023-2033
Figure 13: Canada, Light Tank Market, Market Forecast, 2023-2033
Figure 14: Italy, Light Tank Market, Technology Maturation, 2023-2033
Figure 15: Italy, Light Tank Market, Market Forecast, 2023-2033
Figure 16: France, Light Tank Market, Technology Maturation, 2023-2033
Figure 17: France, Light Tank Market, Market Forecast, 2023-2033
Figure 18: Germany, Light Tank Market, Technology Maturation, 2023-2033
Figure 19: Germany, Light Tank Market, Market Forecast, 2023-2033
Figure 20: Netherlands, Light Tank Market, Technology Maturation, 2023-2033
Figure 21: Netherlands, Light Tank Market, Market Forecast, 2023-2033
Figure 22: Belgium, Light Tank Market, Technology Maturation, 2023-2033
Figure 23: Belgium, Light Tank Market, Market Forecast, 2023-2033
Figure 24: Spain, Light Tank Market, Technology Maturation, 2023-2033
Figure 25: Spain, Light Tank Market, Market Forecast, 2023-2033
Figure 26: Sweden, Light Tank Market, Technology Maturation, 2023-2033
Figure 27: Sweden, Light Tank Market, Market Forecast, 2023-2033
Figure 28: Brazil, Light Tank Market, Technology Maturation, 2023-2033
Figure 29: Brazil, Light Tank Market, Market Forecast, 2023-2033
Figure 30: Australia, Light Tank Market, Technology Maturation, 2023-2033
Figure 31: Australia, Light Tank Market, Market Forecast, 2023-2033
Figure 32: India, Light Tank Market, Technology Maturation, 2023-2033
Figure 33: India, Light Tank Market, Market Forecast, 2023-2033
Figure 34: China, Light Tank Market, Technology Maturation, 2023-2033
Figure 35: China, Light Tank Market, Market Forecast, 2023-2033
Figure 36: Saudi Arabia, Light Tank Market, Technology Maturation, 2023-2033
Figure 37: Saudi Arabia, Light Tank Market, Market Forecast, 2023-2033
Figure 38: South Korea, Light Tank Market, Technology Maturation, 2023-2033
Figure 39: South Korea, Light Tank Market, Market Forecast, 2023-2033
Figure 40: Japan, Light Tank Market, Technology Maturation, 2023-2033
Figure 41: Japan, Light Tank Market, Market Forecast, 2023-2033
Figure 42: Malaysia, Light Tank Market, Technology Maturation, 2023-2033
Figure 43: Malaysia, Light Tank Market, Market Forecast, 2023-2033
Figure 44: Singapore, Light Tank Market, Technology Maturation, 2023-2033
Figure 45: Singapore, Light Tank Market, Market Forecast, 2023-2033
Figure 46: United Kingdom, Light Tank Market, Technology Maturation, 2023-2033
Figure 47: United Kingdom, Light Tank Market, Market Forecast, 2023-2033
Figure 48: Opportunity Analysis, Light Tank Market, By Region (Cumulative Market), 2023-2033
Figure 49: Opportunity Analysis, Light Tank Market, By Region (CAGR), 2023-2033
Figure 50: Opportunity Analysis, Light Tank Market, By Application (Cumulative Market), 2023-2033
Figure 51: Opportunity Analysis, Light Tank Market, By Application (CAGR), 2023-2033
Figure 52: Opportunity Analysis, Light Tank Market, By Type (Cumulative Market), 2023-2033
Figure 53: Opportunity Analysis, Light Tank Market, By Type (CAGR), 2023-2033
Figure 54: Scenario Analysis, Light Tank Market, Cumulative Market, 2023-2033
Figure 55: Scenario Analysis, Light Tank Market, Global Market, 2023-2033
Figure 56: Scenario 1, Light Tank Market, Total Market, 2023-2033
Figure 57: Scenario 1, Light Tank Market, By Region, 2023-2033
Figure 58: Scenario 1, Light Tank Market, By Application, 2023-2033
Figure 59: Scenario 1, Light Tank Market, By Type, 2023-2033
Figure 60: Scenario 2, Light Tank Market, Total Market, 2023-2033
Figure 61: Scenario 2, Light Tank Market, By Region, 2023-2033
Figure 62: Scenario 2, Light Tank Market, By Application, 2023-2033
Figure 63: Scenario 2, Light Tank Market, By Type, 2023-2033
Figure 64: Company Benchmark, Light Tank Market, 2023-2033