The Military Land Vehicles Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Military Land Vehicles Market?
The market size for military land vehicles has seen significant expansion in the past few years. The market is projected to increase from $22.92 billion in 2024 to $24.23 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Military Land Vehicles Industry?
The Military Land Vehicles market is projected to reach a market size of $29.81 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.3%.
Download Your Free Sample of the 2025 Military Land Vehicles Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Military Land Vehicles Market?
The key drivers in the military land vehicles market are:
• Global geopolitical shifts fueling the need for advanced military land vehicles
• Enhanced survivability and protection standards driving the demand
• The incorporation of cybersecurity and digitalization in military vehicles
• The development and deployment of urban warfare capabilities.
Global Market Segmentation: Identifying Major Military Land Vehicles Industry Segments
The military land vehicles market covered in this report is segmented –
1) By Product Type: Infantry Fighting Vehicles, Armored Personnel Carriers, Main Battle Tank, Light Multi-Role Vehicles, Tactical Trucks, Other Product Types
2) By Offerings: Services, Platforms
3) By Application: Defense, Transportation
Pre-order the 2025 Military Land Vehicles Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Military Land Vehicles Market?
The key trends in the military land vehicles market are:
• Military modernization programs are a notable emerging trend.
• Integration of hybrid warfare adaptation strategies is shaping the market.
• The enhancement of urban warfare capabilities is becoming increasingly prevalent.
• There is a shift towards the use of unmanned and autonomous systems.
Who Are the Top Competitors & Leading Players in the Military Land Vehicles Market?
Major companies in the military land vehicles market are:
• Oshkosh Defense LLC
• BAE Systems plc
• Ashok Leyland Limited
• General Dynamics Corporation
• ST Engineering Ltd.
• Rheinmetall AG
• Krauss-Maffei Wegmann GmbH & Co. KG
• Iveco S.p.A.
• Achleitner Fahrzeugbau
• Otokar Otomotiv ve Savunma Sanayi A.S.
• Hyundai Rotem Company
• Lockheed Martin Corporation
• Thales Group
• Artec GmbH
• Navistar Defense
• Textron Systems
• Nexter Group
• Hanwha Defense
• FNSS Savunma Sistemleri A.S. Defense Systems
• Tata Motors Limited
• Kurganmashzavod
• Uralvagonzavod
• Rosoboronexport
• China North Industries Corporation
• Rostec
• Ukroboronprom
• Paramount Group
• Denel Land Systems (Pty) Ltd.
• Plasan Sasa Ltd.
• Mitsubishi Heavy Industries Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the military land vehicles market in 2024
