Global Military Land Vehicles Market size was valued at USD 17.3 Billion in 2024 and is expected to reach USD 34.6 Billion by 2033, at a CAGR of 7.4% during the forecast period 2024 – 2033.
Military Land Vehicles Market: Overview
A wide range of automobiles created especially for military usage on land are referred to as military land vehicles. They are made to fit different surroundings and operating requirements, and they are available in a variety of sizes, forms, and combinations.
The trend in military land vehicles worldwide is toward increasingly sophisticated, adaptable, and multipurpose systems. Technological developments in automation, artificial intelligence, and electrification which provide increased mobility, firepower, and survivability are major forces behind this trend.
Modular designs and shared platforms are becoming more and more important to simplify logistics and cut expenses in a variety of operational situations. Furthermore, unmanned and autonomous capabilities which enable distant operations and lower people risk are receiving more attention.
Furthermore, the adoption of greener propulsion systems and materials is being driven by concerns about sustainability and the environment. Investments in next-generation armored vehicles, infantry combat vehicles, and logistical support vehicles have surged as a result of geopolitical tensions and shifting threat environments.
By offering, the platform segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. To efficiently fulfill changing operational needs, military vehicle platforms are trending toward modular, multi-role designs that may include cutting-edge technology like electrification, autonomous systems, and improved protection.
By product type, the infantry fighting vehicles segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Infantry fighting vehicles (IFVs) have become modular, highly viable due to robust protection systems and cutting-edge armor, capable of integrating unmanned technologies, and more mobile in a variety of operating conditions.
By application, defense and combat segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Defense and warfare trends include a move toward network-centric warfare and digitalization, utilizing cutting-edge technology like artificial intelligence (AI), drones, cyber capabilities, and autonomous systems to improve military effectiveness and agility.
The growing emphasis on technical innovation to improve vehicle performance, survivability, and operational capabilities, which is driving modernization initiatives, is a noteworthy trend in the military land vehicles industry in North America.
Rheinmetall AG is a German automobile and arms manufacturer, located in Düsseldorf, Germany. The company provides turret systems, soldier systems and protection systems. It also offers C4I systems, unmanned vehicles and electro-optical products and systems. Rheinmetall also offers simulation and training services.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 17.3 Billion |
| Projected Market Size in 2033 | USD 34.6 Billion |
| Market Size in 2023 | USD 16.2 Billion |
| CAGR Growth Rate | 7.4% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Offering, Product Type, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
CMI has comprehensively analyzed the Global Military Land Vehicles market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Military Land Vehicles industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Military Land Vehicles Market:
- General Dynamics Corporation
- BAE Systems plc
- Rheinmetall AG
- ST Engineering Ltd.
- Iveco Defense Vehicles
- Ashok Leyland Ltd.
- Leonardo S.p.A.
- Hanwha Defense
- Tata Motors Limited
- Oshkosh Corporation
- Lockheed Martin Corporation
- AM General LLC
- Navistar International Corporation
- Thales Group
- Textron Inc.
- KMW + Nexter Defense Systems
- Krauss-Maffei Wegmann GmbH & Co. KG
- Rostec State Corporation
- Hyundai Rotem Company
- China North Industries Group Corporation Limited
- Others
The Military Land Vehicles Market is segmented as follows:
By Offering
- Platform
- Service
By Product Type
- Infantry Fighting Vehicles
- Armored Personnel Carriers
- Main Battle Tanks
- Light Multirole Vehicles
- Tactical Trucks
By Application
- Defense and Combat
- Logistics and Transportation
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America