Military Vehicle Sustainment Market by Service, Vehicle Type, Application

Description

List of Tables

[182 Pages Report] The Military Vehicle Sustainment Market size was estimated at USD 21.58 billion in 2023 and expected to reach USD 23.10 billion in 2024, at a CAGR 7.42% to reach USD 35.62 billion by 2030.

Military vehicle sustainment encompasses the comprehensive range of maintenance, repair, and overhaul (MRO) services required to prolong the operational life and enhance the performance of a wide array of military vehicles. The increasing global defense expenditure is driven by geopolitical tensions and regional conflicts, which demand efficient MRO solutions to maintain fleets operational under challenging conditions. Additionally, the rising adoption of advanced military technologies necessitates regular updates and upgrades to maintain technologically advanced vehicles on the battlefield. However, high costs associated with maintaining advanced military platforms that exceed budget allocations may adversely impact the adoption of military vehicle sustainment services. Moreover, the development of innovative maintenance strategies leveraging digitalization tools such as predictive analytics and remote diagnostics systems can enable more proactive approaches toward vehicle sustainment in the upcoming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 21.58 billion
Estimated Year [2024]	USD 23.10 billion
Forecast Year [2030]	USD 35.62 billion
CAGR (%)	7.42%

Services: Significant demand for military vehicle maintenance, repair, and overhaul (MRO) services

Military vehicle maintenance, repair, & overhaul (MRO) services are crucial to maintain operational readiness and ensure the longevity of defense assets. Parts & components supply services provide timely replacement of worn-out or damaged parts in military vehicles to preserve their performance capabilities. Training & support services include personnel with essential expertise in operating and maintaining military vehicles to optimize efficiency and reduce downtime during missions. This includes hands-on training, simulation and virtual reality systems, instructional materials, customized training programs, remote learning options, and updated courses with the latest technological advancements. Upgrades & modernization services enhance the capabilities of existing military vehicles by integrating state-of-the-art systems and technologies to meet evolving threats and mission requirements. MRO services are essential, considering the importance of maintaining operational readiness and extending asset life cycles. Parts & component supply services are crucial as they directly affect vehicle performance efficiency during missions. Training & support services are gaining importance in recent years due to technological advancements in military vehicle systems requiring specialized skill sets for operation and maintenance. Upgrades & modernization services have been gaining traction among defense forces worldwide for integrating new technology or replacing aging parts with more advanced alternatives to improve vehicle performance or lifespan without compromising functionality or safety.

Vehicle Type: Extensive use of military vehicle sustainment services to ensure adequate working efficiency of armored fighting vehicles

Armored Fighting Vehicles (AFVs) are combat vehicles designed for offensive and defensive operations and provide mobility, protection, and firepower to infantry units. The need for AFVs arises from the requirement to engage and defeat enemy forces while minimizing casualties. Engineering & recovery vehicles are specialized vehicles that support military engineering tasks such as bridging, mine clearance, and vehicle recovery during combat operations. These vehicles are required to maintain operational readiness and enable force maneuvering through complex terrain. Ground support vehicles facilitate logistical support to military units by transporting supplies, personnel, or equipment on the battlefield. These vehicles are essential for maintaining force sustainability during prolonged missions or campaigns. Landing craft & amphibious vehicles enable sea-to-shore transportation of troops and equipment during amphibious operations or disaster relief missions. Light tactical vehicles are agile, multi-purpose vehicles designed for surveillance, patrol, or transport missions in various terrains. The demand is driven by the need for versatile and rapidly deployable units that can navigate complex combat environments. Military trucks are heavy-duty vehicles designed for long-range transportation of personnel, equipment, or supplies during military operations. They provide logistical support to ensure force sustainability during prolonged engagements. Mine-Resistant Ambush Protected (MRAP) vehicles offer enhanced protection to personnel against improvised explosive devices (IEDs) and small arms fire during counter-insurgency operations. The demand for these vehicles arises to minimize casualties from asymmetric threats in conflict zones. Self-propelled artillery systems provide mobile, long-range firepower for ground forces to support offensive and defensive operations. Self-propelled artillery systems deliver rapid and precision fire support during combat missions. These military vehicles play crucial roles in modern military operations by providing mobility, protection, and logistical support and need efficient military vehicle sustainment solutions to maintain their operational efficiency during military operations.

Application: Proliferating need for military vehicle sustainment services in the army

The Air Force requires diverse military vehicles to support combat missions and ensure close air support and air force protection. Rapid deployment capabilities, advanced maintenance systems, and interoperability with existing aircraft and equipment are essential for military vehicles in the Air Force. The primary mission of the Army is to provide land-based power projection across multiple domains, such as combat operations, counterinsurgency operations, humanitarian assistance missions, and stabilization. Vehicle sustainment needs for the Army include durability under harsh conditions, modularity for mission-specific configurations, and reduced logistical footprint. The primary responsibility of the Navy is maintaining maritime dominance and protecting global trade routes. Their military vehicles must operate in challenging marine environments, support diverse missions such as force projection, counter-piracy operations, and humanitarian assistance, and seamlessly integrate with existing naval assets and platforms, necessitating regular repair and maintenance of military vehicles.

Regional Insights

The military vehicle sustainment market is evolving in the Americas owing to the defense spending on advanced military vehicles for its armed forces. The U.S. Department of Defense continues to focus on upgrading existing vehicle fleets with state-of-the-art technologies such as autonomous systems and increased survivability features. EU countries allocate significant budgets toward military vehicle development and sustainment initiatives for enhancing mission effectiveness. In the EMEA region, increasing focus on indigenous production capabilities due to growing demand for military vehicles and the presence of defense manufacturers are encouraging the growth of the military vehicle sustainment market. The APAC region is rapidly expanding its military vehicle production capabilities, driven by substantial investments in research and development and collaborative strategies to strengthen defense capabilities. The countries in the region, including China, are focusing on developing cutting-edge technologies to enhance their self-defense forces' mobility and survivability. Moreover, the integration of breakthrough technologies is expected to improve the efficiency of vehicles and is anticipated to boost the adoption of military vehicle sustainment services globally.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Military Vehicle Sustainment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Military Vehicle Sustainment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Military Vehicle Sustainment Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AM General LLC, Babcock International Group PLC, BAE Systems plc, Booz Allen Hamilton Holding Corporation, CAMSS Shelters, EDGE Group PJSC, Elbit Systems Ltd., General Dynamics Land Systems, GS Engineering Inc., Honeywell International Inc., Indra Sistemas, S.A., Kratos Defense & Security Solutions, Inc., L3Harris Technologies, Inc., Larsen & Toubro Ltd, Leonardo DRS, Inc., Lockheed Martin Corporation, Mahindra Emirates Vehicle Armoring Fz LLC by Mahindra & Mahindra Limited, ManTech International Corporation, Meritor, Inc. by Cummins Inc., Northrop Grumman Corporation, Oshkosh Corporation, Rheinmetall AG, RTX Corporation, Serco Group plc, Sprung Instant Structures Ltd, Terma A/S, Textron Systems Corporation, Thales Group, and Ventia Services Group Pty Limited.

Market Segmentation & Coverage

This research report categorizes the Military Vehicle Sustainment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Service
- Maintenance, Repair, & Overhaul
- Parts & Components Supply
- Training & Support
- Upgrades & Modernization

Vehicle Type
- Armored Fighting Vehicles
- Engineering & Recovery Vehicles
- Ground Support Vehicles
- Landing Craft & Amphibious Vehicles
- Light Tactical Vehicles
- Military Trucks
- Mine-Resistant Ambush Protected (MRAP) Vehicles
- Self-Propelled Artillery

Application
- Air Force
- Army
- Navy

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Georgia
    - Illinois
    - Indiana
    - Kentucky
    - New York
    - North Carolina
    - Ohio
    - Pennsylvania
    - Texas
    - Washington
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Military Vehicle Sustainment Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Military Vehicle Sustainment Market?

3. What are the technology trends and regulatory frameworks in the Military Vehicle Sustainment Market?

4. What is the market share of the leading vendors in the Military Vehicle Sustainment Market?

5. Which modes and strategic moves are suitable for entering the Military Vehicle Sustainment Market?

Product Code: MRR-A579C4315926

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising aging military vehicle fleet and demand for upgradation and maintenance services
  - 5.1.1.2. Government initiatives for defense modernization and increasing defense budget
- 5.1.2. Restraints
  - 5.1.2.1. High cost of military vehicle sustainment services
- 5.1.3. Opportunities
  - 5.1.3.1. Utilization of predictive maintenance and advanced algorithms in sustainment services
  - 5.1.3.2. Emerging trend of outsourcing sustainment services in the military sector
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with environmental issues
5.2. Market Segmentation Analysis
- 5.2.1. Services: Significant demand for military vehicle maintenance, repair, and overhaul (MRO) services
- 5.2.2. Vehicle Type: Extensive use of military vehicle sustainment services to ensure adequate working efficiency of armored fighting vehicles
- 5.2.3. Application: Proliferating need for military vehicle sustainment services in the army
5.3. Market Trend Analysis
- 5.3.1. High defense budgets emphasizing on military vehicle modernization in the Americas
- 5.3.2. Strategic alliances among the market players to optimize the military vehicle's performance and efficiency in the APAC region
- 5.3.3. Significant presence of MRO services providers and rising geopolitical tensions in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Military Vehicle Sustainment Market, by Service

6.1. Introduction
6.2. Maintenance, Repair, & Overhaul
6.3. Parts & Components Supply
6.4. Training & Support
6.5. Upgrades & Modernization

7. Military Vehicle Sustainment Market, by Vehicle Type

7.1. Introduction
7.2. Armored Fighting Vehicles
7.3. Engineering & Recovery Vehicles
7.4. Ground Support Vehicles
7.5. Landing Craft & Amphibious Vehicles
7.6. Light Tactical Vehicles
7.7. Military Trucks
7.8. Mine-Resistant Ambush Protected (MRAP) Vehicles
7.9. Self-Propelled Artillery

8. Military Vehicle Sustainment Market, by Application

8.1. Introduction
8.2. Air Force
8.3. Army
8.4. Navy

9. Americas Military Vehicle Sustainment Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Military Vehicle Sustainment Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Military Vehicle Sustainment Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Baltics' Largest Infantry Fighting Vehicle Site Opens in Lithuania
- 12.3.2. German Federal Cartel Office Gives Go-Ahead to Joint Venture Between Rheinmetall and Ukrainian Defence Industry
- 12.3.3. Bulgaria to Invest USD 1.376 Billion in U.S.-Made 'Stryker' Combat Vehicles to Modernize its Military by 2028
- 12.3.4. The U.S. Approves USD 500 Million Military Vehicle Support Package for Saudi Arabia
- 12.3.5. Italy Signs Nearly USD 1 Billion Deal to Upgrade Ariete Tanks
- 12.3.6. RGM Partners with Thales Australia to Expand ADF Specialized Heavy Vehicle Maintenance
- 12.3.7. Elbit Systems Awarded a USD 65 Million Contract to Supply a Modernization Solution to a Latin-American Army
- 12.3.8. Adani Defence & Aerospace to Acquire India's Oldest, Biggest MRO, Air Works, for INR 400 crore
- 12.3.9. Army Awards Vehicle Sustainment Contracts to BAE

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio