PUBLISHER: IMARC | PRODUCT CODE: 1308211
PUBLISHER: IMARC | PRODUCT CODE: 1308211
Military Land Vehicles Market by Offering, Product Type, Application, and Region 2023-2028
Market Overview:
The global military land vehicles market size reached US$ 22.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.70% during 2023-2028. The rising security and defense needs, constant technological advancements, threat to environment, product's ability to operate across numerous terrains, and force projection capabilities of these vehicles represent some of the key factors driving the market.
Military land vehicles are specialized vehicles designed and utilized by armed forces for various purposes in ground operations. These vehicles play a crucial role in modern military operations, providing mobility, firepower, and protection to troops in diverse combat scenarios. Military land vehicles encompass a wide range of vehicles, each designed for specific tasks and environments. One category of military land vehicles is armored personnel carriers (APCs) and infantry fighting vehicles (IFVs). These vehicles are designed to transport infantry units across different terrains while offering protection against small arms fire and explosive devices. They often feature armored hulls, gun turrets, and advanced communication systems. Another vital component of military land vehicles are main battle tanks (MBTs). They are heavily armored and armed vehicles are designed to engage and destroy enemy forces and fortifications. MBTs are equipped with powerful cannons, advanced targeting systems, and reinforced armor, providing superior firepower and protection. Military land vehicles are integrated with advanced technologies, including night vision systems, GPS navigation, communication systems, and enhanced protection features. They undergo rigorous testing and are built to withstand harsh operating conditions on diverse terrains, ranging from deserts to forests and urban environments.
Military Land Vehicles Market Trends:
One of the primary factors driving the market is the security and defense needs of nations. Defense policies and strategies guide the requirements for land vehicles in terms of mobility, firepower, and protection. As a result, the demand for military land vehicles has escalated to enhance the capability of armed forces to protect borders, maintain territorial integrity, and deter potential threats. Additionally, military land vehicles are designed to operate across various terrains and environments, ranging from deserts and mountains to urban areas. The ability to traverse diverse landscapes and adapt to different operational scenarios is another major growth-inducing factor. Other than this, military land vehicles enable rapid deployment and force projection capabilities, which are essential for expeditionary operations and the ability to mobilize and respond to crises or conflicts quickly. Besides this, the evolving threat landscape influences the design and capabilities of military land vehicles. These vehicles are adapted to counter specific threats, such as improvised explosive devices (IEDs), anti-armor weapons, and urban warfare challenges, to respond to asymmetric warfare tactics. Along with this, the increasing sophistication of adversaries has led to the development of more advanced and protected land vehicles. Furthermore, in multinational military operations, common platforms, standardized systems, and compatible communication networks are increasing the adoption of military land vehicles to ensure effective coordination and integration with partner nations. These factors are expected to provide a favorable market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global military land vehicles market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on the offering, product type, and application.
Offering Insights:
Platforms
Services
The report has provided a detailed breakup and analysis of the military land vehicles market based on the offering. This includes platforms and services. According to the report, services represented the largest segment.
Product Type Insights:
Infantry Fighting Vehicles
Armored Personnel Carriers
Main Battle Tank
Light Multi-Role Vehicles
Tactical Trucks
Others
A detailed breakup and analysis of the military land vehicles market based on the product type has also been provided in the report. This includes infantry fighting vehicles, armored personnel carriers, main battle tank, light multi-role vehicles, tactical trucks, and others. According to the report, infantry fighting vehicles accounted for the largest market share.
Application Insights:
Defense
Transportation
The report has provided a detailed breakup and analysis of the military land vehicles market based on the application. This includes defense and transportation.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for military land vehicles. Some of the factors driving the North America military land vehicles market included modernization and technological advancements, geological tensions and defense budgets, and replacement and fleet modernization programs.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global military land vehicles market. Also detailed profiles of all major companies have been provided. Some of the companies covered include Ashok Leyland Ltd. (Hinduja Group Ltd.), BAE Systems Plc, General Dynamics Corporation, Hyundai Rotem Company (Hyundai Motor Group), IVECO S.p.A. (Iveco Group), Krauss-Mafeeo Wegman GmbH & Co. KG (KMW+ Nexter Defense Systems N.V.), Oshkosh Defense LLC (Oshkosh Corporation), Rheinmetall AG, ST Engineering Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global military land vehicles market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global military land vehicles market?
- What is the impact of each driver, restraint, and opportunity on the global military land vehicles market?
- What are the key regional markets?
- Which countries represent the most attractive tea market?
- What is the breakup of the market based on the offering?
- Which is the most attractive offering in the military land vehicles market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the military land vehicles market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the military land vehicles market?
- What is the competitive structure of the global military land vehicles market?
- Who are the key players/companies in the global military land vehicles market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Military Land Vehicles Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Offering
- 6.1 Platforms
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Product Type
- 7.1 Infantry Fighting Vehicles
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Armoured Personnel Carriers
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Main Battle Tank
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Light Multi-Role Vehicles
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Tactical Trucks
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Application
- 8.1 Defence
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Transportation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Ashok Leyland Ltd. (Hinduja Group Ltd.)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 BAE Systems plc
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 General Dynamics Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Hyundai Rotem Company (Hyundai Motor Group)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 IVECO S.p.A. (Iveco Group)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Krauss-Maffei Wegmann GmbH & Co. KG (KMW+Nexter Defense Systems N.V.)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Oshkosh Defense LLC (Oshkosh Corporation)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Rheinmetall AG
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 ST Engineering Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.1 Ashok Leyland Ltd. (Hinduja Group Ltd.)
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Military Land Vehicles Market: Major Drivers and Challenges
- Figure 2: Global: Military Land Vehicles Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Military Land Vehicles Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Military Land Vehicles Market: Breakup by Offering (in %), 2022
- Figure 5: Global: Military Land Vehicles Market: Breakup by Product Type (in %), 2022
- Figure 6: Global: Military Land Vehicles Market: Breakup by Application (in %), 2022
- Figure 7: Global: Military Land Vehicles Market: Breakup by Region (in %), 2022
- Figure 8: Global: Military Land Vehicles (Platforms) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Military Land Vehicles (Platforms) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Military Land Vehicles (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Military Land Vehicles (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Military Land Vehicles (Infantry Fighting Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Military Land Vehicles (Infantry Fighting Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Military Land Vehicles (Armoured Personnel Carriers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Military Land Vehicles (Armoured Personnel Carriers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Military Land Vehicles (Main Battle Tank) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Military Land Vehicles (Main Battle Tank) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Military Land Vehicles (Light Multi-Role Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Military Land Vehicles (Light Multi-Role Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Military Land Vehicles (Tactical Trucks) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Military Land Vehicles (Tactical Trucks) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Military Land Vehicles (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Military Land Vehicles (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Military Land Vehicles (Defence) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Military Land Vehicles (Defence) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Military Land Vehicles (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Military Land Vehicles (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Military Land Vehicles Market Forecast: Sales Value (in Million US$),2023-2028
- Figure 68: Brazil: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Military Land Vehicles Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Military Land Vehicles Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Military Land Vehicles Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Military Land Vehicles Industry: Drivers, Restraints, and Opportunities
- Figure 78: Global: Military Land Vehicles Industry: Value Chain Analysis
- Figure 79: Global: Military Land Vehicles Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Military Land Vehicles Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Military Land Vehicles Market Forecast: Breakup by Offering (in Million US$), 2023-2028
- Table 3: Global: Military Land Vehicles Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 4: Global: Military Land Vehicles Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Military Land Vehicles Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Military Land Vehicles Market: Competitive Structure
- Table 7: Global: Military Land Vehicles Market: Key Players
