PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1758151
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1758151
Global Defense Land Vehicles Market to Reach US$18.4 Billion by 2030
The global market for Defense Land Vehicles estimated at US$15.8 Billion in the year 2024, is expected to reach US$18.4 Billion by 2030, growing at a CAGR of 2.6% over the analysis period 2024-2030. Infantry Fighting Vehicles, one of the segments analyzed in the report, is expected to record a 2.4% CAGR and reach US$11.5 Billion by the end of the analysis period. Growth in the Armored Personnel Carriers segment is estimated at 3.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$4.3 Billion While China is Forecast to Grow at 4.9% CAGR
The Defense Land Vehicles market in the U.S. is estimated at US$4.3 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 4.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.0% and 1.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
Global Defense Land Vehicles Market - Key Trends & Drivers Summarized
What Is Fueling Demand for Modernized Defense Land Vehicles Globally?
Defense land vehicles remain at the core of ground combat operations, rapid troop deployment, border patrols, and supply chain support. Their strategic importance is expanding as military doctrines evolve to address hybrid warfare, urban combat, and asymmetric threats. Armies are actively replacing outdated fleets with next-generation platforms that offer improved mobility, firepower, survivability, and communication capabilities. From heavy main battle tanks to nimble light tactical vehicles, defense forces are prioritizing versatility and mission adaptability.
The rise in peacekeeping operations, border surveillance missions, and domestic response scenarios has further increased the demand for armored transport and multi-role vehicles. Governments are not only procuring modern vehicles but also investing in the retrofitting and up-armoring of existing fleets to meet evolving threat profiles. This dual-track strategy of fleet renewal and performance upgrades underscores the central role that land vehicles continue to play in ground warfare and homeland security operations.
How Are Defense Land Vehicle Platforms Evolving Technologically?
Modern land vehicles are being transformed by digital integration, advanced armoring, and modular design principles. Vehicle architecture is increasingly modular, allowing for quick configuration changes depending on mission needs-be it troop transport, command and control, or fire support. Electric and hybrid propulsion technologies are being explored to improve operational silence and fuel efficiency, particularly for reconnaissance and special operations units.
Survivability features are being enhanced through active protection systems, electronic countermeasures, and blast-resistant hull structures. At the same time, vehicles are being equipped with advanced sensors, GPS navigation, battlefield communication networks, and integrated C4ISR systems to function as mobile command units. Automation is also entering the domain, with remote weapon stations and optionally manned or autonomous ground vehicle prototypes under development for future battlefield roles.
Which Regions and Forces Are Leading in Vehicle Procurement and Development?
Several countries are leading the charge in developing, procuring, and exporting advanced land combat vehicles. The U.S. and European powers are actively upgrading their legacy fleets and participating in collaborative platform development programs. In Asia, countries like China, India, and South Korea are advancing indigenous land vehicle programs both for domestic use and export potential. Many Middle Eastern and African countries are importing a wide range of land systems to support internal defense and counterterrorism operations.
Collaborative development models and offset agreements are playing a key role in enabling technology transfer and local assembly. Partnerships between global OEMs and national defense industries are resulting in co-developed platforms tailored to local terrain and mission requirements. This growing trend toward defense industrial self-reliance is reshaping the competitive landscape of the global defense land vehicle market.
What Factors Are Driving Growth in the Defense Land Vehicles Market?
Expanding defense budgets and modernization initiatives are propelling large-scale procurement of armored vehicles, tactical transporters, and mobile combat platforms. The nature of contemporary conflict, which often unfolds in unpredictable environments and involves both conventional and unconventional threats, is amplifying demand for vehicles that combine agility with superior protection. The requirement for force projection, rapid mobility, and integrated battlefield connectivity is also reshaping vehicle specifications.
Domestic manufacturing mandates and localization policies are encouraging countries to invest in homegrown vehicle platforms and upgrade programs. Technological innovations-ranging from battlefield digitization to autonomous navigation-are creating new design possibilities and expanding vehicle roles. Defense land vehicles are now expected not just to transport troops or carry weapons, but to operate as interconnected assets in network-centric warfare. These dynamics are anchoring the land vehicle segment as a high-priority investment area for defense ministries worldwide.
SCOPE OF STUDY:
The report analyzes the Defense Land Vehicles market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Vehicle Type (Infantry Fighting Vehicles, Armored Personnel Carriers, Main Battle Tanks); Application (Combat Operations Application, Logistics & Support Application, Reconnaissance & Surveillance Application, Other Applications)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Select Competitors (Total 43 Featured) -
AI INTEGRATIONS
We're transforming market and competitive intelligence with validated expert content and AI tools.
Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.