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Military Land Vehicles Market Grows Owning To Innovations In Technology, 2021

Press Release   •   Feb 22, 2017 00:48 EST

Military Land Vehicles Market

The asymmetric warfare and increasing operation pressures are compelling the governments to focus on new breed of military land vehicles with focus on mobility and transportation, propulsion, transportability, interoperability with other elements, logistics footprint and lifetime cost. The increasing need for agile and efficient vehicles is driving the market for lightweight and hybrid military land vehicles. The U.K. which played significant role in Iraq and Afghanistan operation faced a defense budget deficit of USD 60billion post operation which led to an aggressive Strategic Defense and Security Review (SDSR) to recover from this. The legacy vehicles in France including AMX-10 RC, VAB and ERC-90 are to be replaced by VBMR and EBRC vehicles.

Military Land Vehicles Market:

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The governments in the western countries are practicing lean military force and are therefore downsizing their armed forces. However, they are replacing their cold-war era equipments and investing in new technologies. The Department of Defense (DOD) in the U.S. is planning to downsize its soldier’s strength by 80,000 and the marine corps by 20,000. Among regions, North America dominated global sales followed by Asia Pacific. With the economic recovery of Europe by the mid of the decade the military land vehicles market in the region is expected to grow at a fast pace. Military land vehicles market is consolidated with small number of players operating in the market. The key players in military land vehicles market are General Dynamics, BAE Systems, Oshkosh Corporation, Rheinmetall, ST Engineering and Navistar. The military land vehicle manufacturers are increasing their focus on Asia Pacific and Middle East markets. In the decade 2001-2010, the series of wars led to Urgent Operational Requirements (UORs) where the manufacturers of military land vehicles enjoyed great profits. The present decade mostly features cold war thus marring the scope for UORs. However, any eruption of war can give the military land vehicles industry a skyrocketing growth.

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Key geographies evaluated in this report are:

  • North America
    • U.S
    • Canada
  • Europe
    • France, Germany, Italy, Spain, and the UK
    • Eastern Europe
    • CIS
  • APAC
    • China
    • India
    • Japan
    • Australia
    • Others
  • Latin America
    • Argentina
    • Brazil
    • Others

Key features of this report

  • Drivers, restraints, and challenges shaping the Military Land Vehicles market dynamics
  • Latest innovations and key events in the industry
  • Analysis of business strategies of the top players
  • Military Land Vehicles market estimates and forecasts(2015 -2021)

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