Global Armored Vehicles Market

The battlefield management system (BMS) provides an integrated common operating picture (COP) of the battlefield, utilizing collaborative planning tools to enable tactical commanders at all levels, from battalion HQ to section commanders, to make responsive and knowledge-based decisions and exercise highly effective control over operations in a dynamic and fluid battlefield, all while remaining focused on their primary missions. Commanders of any arm or service at various hierarchical levels can benefit from the real-time precise information provided by the battlefield management system, allowing them to make the correct decisions at the right moment. Understanding the battlefield in its current state is critical for any mission's success and survival. The main platforms of battlefield management systems include armored vehicles, headquarters and command centers, and soldier systems. The armored vehicle market consists of sales of armored vehicles by entities (organizations, sole traders, and partnerships), that are used as platforms for battlefield management systems. The platform's goal is to aid commanders in planning and executing ground missions by allowing vehicles to transmit information in real-time. As a result, individual vehicle operators have a complete view of their surroundings and are better able to coordinate and react to any circumstance. The main types of battlefield management systems include dismounted soldier systems, commander systems, and communication network systems. The main types of components in battlefield management systems include wireless communication devices, imaging devices, computer software, tracking devices, wired communication devices, computer hardware devices, night vision devices, display devices, and identification of friends or foes.  The different systems offered under battlefield management systems include computing, communication and networking, command and control, navigation, image, and mapping. The battlefield management systems are used by army, navy, and air force units. The battlefield management systems market research report is one of a series of new reports from The Business Research Company that provides battlefield management systems market statistics, including battlefield management systems industry global market size, regional shares, competitors with a battlefield management systems market share, detailed battlefield management systems market segments, market trends and opportunities, and any further data you may need to thrive in the battlefield management systems industry. This battlefield management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global battlefield management system market size grew from $14.06 billion in 2022 to $15.52 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The battlefield management system market size is expected to grow to $21.52 billion in 2027 at a CAGR of 8.5%. The growth in military spending (consisting of the army, navy, and air force) is expected to propel the growth of the battlefield management system market. A military expenditure plan, also known as a nation's defense budget, is the number of financial resources committed to the maintenance of an armed force or various defense strategies. In recent years, a rise in military spending and regional tensions among various countries has led to an increase in military spending, research and development, and procurement of advanced military equipment such as battlefield management systems. According to the Stockholm International Peace Research Institute (SIPRI), total global military spending in 2020 will be $1,981 billion, up 2.6% from 2019. China, the United States, Russia, India, and the United Kingdom were the top five spenders in 2020, accounting for 62% of worldwide military spending. China's military budget also increased for the 26th year in a row. Therefore, a rise in military spending drives the growth of battlefield management systems. Strategic collaborations between companies are a key trend gaining popularity in the battlefield management systems market. Companies manufacturing battlefield management systems are undergoing partnerships and collaboration with other competing companies and government defense organizations, as well as developing new technologies and products. For instance, in February 2020, Saab, a Swedish-based company that manufactures aerospace and defense systems, and the Australian Department of Defence agreed to the production of battlefield management systems. The partnership will enable the Australian Department of Defence to acquire next-generation combat management systems produced by Saab for their new Arafura class offshore patrol vessels. Also, in December 2021, Leonardo SPA, an Italian aerospace company operating in aerospace, defense and security, extended its partnership for 5 years with  2Excel Aviation, a UK-based aerospace services company for flight trials services. Leonardo aims to test and display how its radar and electronic warfare systems perform in flight for development works and customer demonstrations. In May 2020, BAE Systems, a British multinational arm, security, and aerospace company based in London acquired Collins Aerospace’s military GPS business from Raytheon Technologies Corporation for $275 million. The acquisition will enable, broad-spectrum, multi-band, multi-channel radios with sophisticated anti-jamming and encryption capabilities to become part of the BAE Systems battlefield management system portfolio. The acquisition also gives BAE operations knowledge of electronic systems command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) Systems. Raytheon, a company operating in battle management systems specialized in mobile battle management systems based in the U.S. Major players in the battlefield management system market are Rolta India Limited, Leonardo S.p.A., Atos SE, Elbit Systems, Thales Group, Rheinmetall AG, BAE Systems, Saab AB, Aselsan, L3Harris Technologies, Cobham Limited, Raytheon Company, Lockheed Martin Corporation, Northrop Grumman Corporation, RUAG Group, and ASELSAN A.S. North America was the largest region in the battlefield management systems market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the battlefield management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the battlefield management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The battlefield management system market consists of sales of situational awareness, tactical management, tracking, and incident management systems.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global battlefield management system market is segmented - 1) By Components: Wireless Communication Devices, Imaging Devices, Computer Software, Tracking Devices, Wired Communication Devices, Computer Hardware Devices, Night Vision Devices, Display Devices, Identification Friend or Foe (IFF) 2) By Type: Dismounted Soldier Systems, Commander Systems, Communication Network Systems 3) By System: Computing, Communication and Networking, Command and Control, Navigation, Imaging, and Mapping 4) By Platform: Armoured Vehicles, Headquarter and Command Centers, Soldier Systems 5) By Application: Air Force, Army, Navy 

The search, detection, and navigation instruments refer to the instruments used by nautical navigators and pilots as tools for their trade. Search, detection, and navigation instruments are used for searching, detecting, recording, and guiding to determine the speed, and direction to arrive at the point of destination. The main types of search, detection and navigation instruments are compasses, aeronautical and space navigation instruments, nautical navigation instruments and radio navigational aid apparatus. A compass is a tool for navigation and geographic orientation that displays the cardinal directions. It usually consists of a magnetized needle or another element that can pivot to align itself with magnetic north, such as a compass card or compass rose. The various technologies used are radio frequency identification based (RFID), cellular, network, Bluetooth, remote sensing services, real-time kinetic and others that are used for marine, aviation, military and other applications. The search, detection, and navigation instruments market research report is one of a series of new reports from The Business Research Company that provides search, detection, and navigation instruments market statistics, including search, detection, and navigation instruments industry global market size, regional shares, competitors with a search, detection, and navigation instruments market share, detailed search, detection, and navigation instruments market segments, market trends and opportunities, and any further data you may need to thrive in the search, detection, and navigation instruments industry. This search, detection, and navigation instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global search, detection, and navigation instruments market size will grow from $283.87 billion in 2022 to $309.49 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global search, detection, and navigation instruments market size is expected to grow to $424.16 billion in 2027 at a CAGR of 8.2%. The increasing demand from civilian and defense aircraft manufacturing industries drove the market for search, detection and navigation instruments. The increasing demand was supported by rising disposable income, increasing air travel and military usage. Rise in working group and middle-class demography will affect the demand positively. For instance, in 2020, Airbus invested $1 billion to manufacture 63 A320 Family aircraft per month, beginning in 2021. Therefore, the increasing demand from civilian and defense aircraft manufacturing companies is expected to drive the market for search, detection and navigation instruments. Stringent regulations on tariffs limited the growth of search, detection and navigation instruments manufacturing. Governments across the world are imposing tariffs owing to trade wars between countries, national defense or curtailment of monopoly powers, volatile oil prices and volatility in international trade. The World Trade Organization permitted the USA to tax European exports as much as $7.5 billion annually. As a result, the USA has imposed tariffs of 10% on imports of large civil aircraft, and industrial products among other goods from the European Union. The tariffs could raise prices for American companies importing goods and machinery thereby increasing the expenses. The increase in the import duties and taxes has a negative impact on search, detection, and navigational instruments market growth. Companies in the marine industry are preferring navigation instruments incorporated with augmented reality (AR). AR is a technology that reflects the digital information in the real world. Navigation systems integrated with AR technology provide great support to the sailors in ship keeping and related operations. For instance, Mitsui O.S.K. Lines (MOL) planned to install AR navigation systems on 21 very large crude oil carriers (VLCCs) operated by them. This navigation system will superimpose real-time video imagery and voyage information and provide support to crewmembers during their watch-keeping and ship operations visually. The benefits provided by AR technology in real time will increase the demand for instruments with such advanced technology. In January 2020, BAE systems, a British multinational defense, security and aerospace company acquired military GPS business from United Technologies for $1.93 Billion. The acquisition of GPS business from United Technologies will strengthen the professional and technical capabilities of BAE Systems to provide more comprehensive portfolio of solutions and adds new technology for BAE Systems that is compatible with industry-standard equipment and helps for the increasing product line. United Technologies is an American multinational conglomerate which operates in the fields of research and manufacturing products in numerous areas, including aircraft engines, aerospace systems and industrial products. Major players in the search, detection and navigation instruments market are BAE Systems PLC., Leonardo S.p.A, Raytheon, Thales Group, United Technologies Corp., Agilent Technologies, Siemens Medical Solutions, Boeing, Thermo Fisher Scientific, and Medtronic PLC. Asia-Pacific was the largest region in the search, detection and navigation instruments market in 2022. North America was the second-largest region in the global search, detection, and navigation instruments market. The regions covered in the global search, detection, and navigation instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the search, detection and navigation instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The search, detection, and navigation instruments market consists of sales of compasses, aeronautical and space navigation instruments, nautical navigation instruments, radio navigational aid apparatus, and other search, detection, and navigation instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global search, detection, and navigation instruments market is segmented - 1) By Type: Compasses, Aeronautical and Space Navigation Instruments, Nautical Navigation Instruments, Radio Navigational Aid Apparatus 2) By Technology: Radio Frequency Identification based(RFID), Cellular, Network, Bluetooth, Remote Sensing Services, Real Time Kinetic, Other Technologies 3) By Application: Marine, Aviation, Military, Other Applications

Transport equipment is defined as equipment that is used for the movement of people or goods from one place to another. The main types in the transport market are motor vehicle parts, motor vehicles, trains and components, trailers, motor homes, travel trailers, and campers, ship and boat building and repairing, and all other transportation equipment. Motor vehicle parts refer to the parts of vehicles such as bicycles, cycles, and other types. The various applications include general services, dockage, hull parts, engine parts, electric works, auxiliary services. These are used by transport companies, the military, and other end users. The transport market research report is one of a series of new reports from The Business Research Company that provides transport market statistics, including transport industry global market size, regional shares, competitors with a transport market share, detailed transport market segments, market trends and opportunities, and any further data you may need to thrive in the transport industry. This transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global transport market grew from $5894.62 billion in 2022 to $6464.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transport market is expected to grow to $9091.42 billion in 2027 at a CAGR of 8.9%. The Transport Manufacturing Market has been aided by the rapid economic growth of developing countries during the historical period. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the transportation manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the transportation manufacturing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Virtual reality and augmented reality technologies are being widely used by transportation manufacturing companies for the faster creation of physical prototypes and to reduce manufacturing defects. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. These technologies benefit the manufacturing process by reducing rework, increasing quality, lowering labour costs, meeting timelines, improving safety, streamlining collaboration, design analysis approach, improving accuracy, aiding in project management, and presentation of product plans. Major transportation manufacturing companies utilizing AR and VR technologies include Toyota, Volkswagen Group, General Motors, and Daimler AG. Major companies in the transport market include Toyota Motor Corp, Volkswagen AG, Daimler AG, EXOR Group, Fiat Chrysler Automobiles NV, Ford Motor Co, SAIC Motor Co Ltd., Honda Motor Co Ltd., General Motors Co, and Peugeot. Asia-Pacific was the largest region in the transport market in 2022. Western Europe was the second largest market in transport market. The regions covered in the transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia; Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The transport consists of sales of motor vehicle body, stamped metal & other parts, motor vehicle engine, power train & parts, motor vehicle electrical & electronic equipment, steering suspension, & interiors, motorcycle and bicycle, passenger car, commercial vehicle, locomotives, wagons, & other rolling stock, parts & accessories for railway vehicles, dry vans, refrigerated trailers, tank trailers, flatbed trailers, lowboy trailers, self-contained motor homes assembling, van and minivan conversions, travel trailer, camper, shipbuilding and repairing, boat building and repairing and other transport. The market includes only the sales of manufactured transport equipment not transport services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global transport market is segmented - 1) By Type: Motor Vehicle Parts, Motor Vehicles, Train And Components, Trailer, Motor Home, Travel Trailer And Camper, Ship And Boat Building And Repairing, All Other Transportation Equipment 2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services 3) By End-User: Transport Companies, Military, Other End Users Subsegments Covered: Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors, Motorcycle And Bicycle, Passenger Car, Commercial Vehicle, Locomotives, Wagons, & Other Rolling Stock, Parts & Accessories For Railway Vehicles, Dry Vans, Refrigirated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers, Self-Contained Motor Homes Assembling, Van And Minivan Conversions, Travel Trailer, Camper, Ship Building And Repairing, Boat Building And Repairing

The land-based defense equipment refers to support and auxiliary equipment used for land-based defense operations such as weapons. The land-based defense equipment includes components and subcomponents such as turrets and ROWS, cannons and missiles, armor packages, and active protection systems. The main types of land-based defense equipment are armored vehicles, missiles, tanks, small arms, and light weapons. An armored fighting vehicle (AFV) is an armored battle vehicle that combines operational flexibility with attacking and protective capabilities. The different operations include autonomous land-based defense equipment, which is manual and is used in various applications such as military and law enforcement. The land-based defense equipment market research report is one of a series of new reports from The Business Research Company that provides land-based defense equipment market statistics, including land-based defense equipment industry global market size, regional shares, competitors with a land-based defense equipment market share, detailed land-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the land-based defense equipment industry. This land-based defense equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global land based defense equipment mro services market grew from $13.79 billion in 2022 to $14.73 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The land based defense equipment mro services market is expected to grow to $17.65 billion in 2027 at a CAGR of 4.6%. The overall economic growth of the emerging economies is expected to positively impact the sea-based defense equipment manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the land-based defense equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the land-based defense equipment manufacturing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. CornerShot rifles are increasingly being used in the defense industry. CornerShot weapons have a steel hinge that allows the gun’s frame to bend around the corner to attack the target without exposing themselves. These rifles help shooters navigate around corners via a high-resolution camera and LCD monitor. The corner-shot rifles are widely used inside armored vehicles and tanks, on a turret up top, which will allow for a full 360-degree field of cover while the triggerman remains safely inside the vehicle. The weapon is accurate and effective up to 100 to 200 meters, depending on the type of weapon. Corner Shot removes the need for this initial exposure. Major companies in the land-based defense equipment market include BAE Systems, Raytheon Co, Northrop Grumman Corp, General Dynamics Corp, and Lockheed Martin Corporation. Asia-Pacific was the largest region in the land-based defense equipment market in 2022. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the land-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the land-based defense equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The land-based defense equipment market consists of sales of land-based defense equipment including battle vehicles, small weapons, radars, satellites, and sonars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global land based defense equipment market is segmented - 1) By Type: Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons 2) By Operation: Autonomous Land based Defense Equipment, Manual 3) By Application: Military, Law Enforcement Subsegments Covered: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles, Short Range, Medium Range, Intermediate Range, Intercontinental, Light, Medium, Heavy, Small Arms, Light Weapons

A tank is an armored fighting vehicle that is equipped with heavy firepower and strong armor designed for front-line combat. Tanks include a balance of heavy firepower, strong armor, and improved battlefield mobility with a powerful engine. The main types of tanks are light, medium, and heavy. The various technologies deployed in tanks include an active mine system, an active protection system, modular ballistic armor, situational awareness system, interoperable communication, vehicle information integration, and electric armor that are used for patrolling and fighting. Electric armor is a type of reactive armor that uses a strong electric current to protect ships and armored fighting vehicles from shaped charge and possibly kinetic weapons, supplementing or replacing conventional explosive-reacting armor. The tanks market research report is one of a series of new reports from The Business Research Company that provides tank market statistics, including global market size, regional shares, competitors with a tank market share, detailed tank market segments, market trends and opportunities, and any further data you may need to thrive in the tank industry. This tanks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global tanks market size will grow from $2.04 billion in 2022 to $2.21 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tanks market size is expected to grow to $2.76 billion in 2027 at a CAGR of 5.7%. The increase in the defense budget for the military is expected to drive the growth of the tank market. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh year in a row that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. The high cost of production for main battle tanks is expected to hinder the growth of the tank market. Technological advancements have added new features in today’s military tanks. Therefore, the cost of production to manufacture a single unit of the tank has also increased. For instance, Russia’s T-14 Armata features upgraded armor, computerized systems, a 125mm smoothbore cannon system, and a range of over 500 kilometers, and therefore, with this additional feature, the tank costs around $4 million per unit. Moreover, to procure technologically advanced tanks, many developed and developing countries need to pay huge sums of money. For instance, India has paid $1.2 billion for the technology transfer fee to Russia for T-90S tanks. Such a high cost of main battle tanks is expected to have a negative impact on the growth of tank markets. The Pentagon is increasingly implementing robot tanks in the military for the purpose of high security, which is likely to be a major trend in the tank market. Robotic tanks are autonomous robots designed for military applications such as transport, search and rescue, and others. These tanks are equipped with guns, a rocket arm, and a missile arm. In January 2020, the USA gave a contract to QinetiQ North America to build four robotic combat vehicle-light prototypes and another contract to Textron to build four robotic combat vehicle-medium prototypes. In July 2020, Russia prepared a robot tank, Derivatsiya-PVO, which is a self-propelled artillery tasked with an anti-air mission. Russia revealed that it had combat-tested its Uran-9 robot tank in Syria, which has a gun and missile armament. Such developments in military tanks are emerging as a trend in the tank market. In January 2020, BAE Systems PLC., a British multinational defense, security, and aerospace company, acquired the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation for $1.93 billion. Collins Aerospace Military Global Positioning System is capable of tracking everything from jet fighters to tanks, so the acquisition will bring the company cutting-edge technology as well as a large installed base of products. Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military, and government customers worldwide. Major players in the tanks market are Oshkosh Defense LLC., General Dynamics Corporation, BAE Systems PLC., Textron Inc., Navistar International Corporation, Norinco Private Limited, Rheinmetall AG, Ukroboronprom, UralVagonZavod, Hyundai Rotem, Nexter Systems, Krauss-Maffei Wegmann GmbH And Co. KG, IVECo., Elbit Systems, INKAS Armored Vehicle Manufacturing, and International Armored Group. Asia-Pacific was the largest region in the tanks market in 2022. Western Europe is expected to be the fastest-growing region in the global tanks market during the forecast period. The regions covered in the global tanks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the tanks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The tank market consists of sales of tanks such as infantry tank, cruiser tank, and flame tanks. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global tanks market is segmented - 1) By Type: Light, Medium, Heavy 2) By Application: Patrolling, Fighting 3) By Technology: Active Mine System, Active Protection System, Modular Ballistic Armor, Situational Awareness System, Inter Operable Communication, Vehicle information Integration, Electric Armor

The military vehicle electrification are used for electrifying the military vehicles by replacing traditionally used fossil fuels with electricity to power light-duty vehicles, medium-and heavy-duty trucks, and others. The primary goal of military vehicle electrification is to reduce the emission of greenhouse gases. The main types of military vehicle electrification technologies are hybrid and fully electric. The hybrid military vehicle refers to a vehicle that can work with fuel and battery. These hybrid vehicles store energy during braking and decelerating by converting kinetic energy to electricity. The military vehicle can be operated manned, autonomous/ semi-autonomous. Electrification systems are used in combat, support, and unmanned armored vehicles in power generation, cooling systems, energy storage, traction drive systems, and power conversion. The military vehicle electrification market research report is one of a series of new reports from The Business Research Company that provides military vehicle electrification market statistics, including military vehicle electrification industry global market size, regional shares, competitors with a military vehicle electrification market share, detailed military vehicle electrification market segments, market trends and opportunities, and any further data you may need to thrive in the military vehicle electrification industry. This military vehicle electrification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global military vehicle electrification market size grew from $4.99 billion in 2022 to $5.87 billion in 2023 at a compound annual growth rate (CAGR) of 17.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The military vehicle electrification market size is expected to grow to $10.94 billion in 2027 at a CAGR of 16.8%. The increase in demand for lithium-ion batteries for military vehicles is expected to propel the growth of the military vehicle electrification market. Over the years, lithium-ion batteries have been widely used in military applications such as tactical radios, thermal imagers, ECM, ESM, and portable computing. The usage of lithium batteries is expected to further expand to heavy-duty platforms, such as military vehicles, boats, shelter applications, aircraft, and missiles, in coming years. For instance, in July 2021, the U.S. Department of Defence invested $1.65 million in NanoGraf Corporation, a US-based company that manufactures and sells lithium-ion batteries. The investment aims to give U.S. military troops better portable power for the gear they need to use in a safe and efficient manner. NanoGraf will create silicon anode-based lithium-ion technology that is compatible with all portable batteries in order to achieve a runtime increase of 50–100% over conventional graphite anode lithium-ion cells. Therefore, increasing demand for lithium-ion batteries for military vehicles is driving the growth of the military vehicle electrification market. Product innovation is the key trend that is gaining popularity in the military vehicle electrification market. Major companies operating in the military vehicle electrification market focus on product innovations that could give better solutions and strengthen their position in the market. For instance, in June 2022, Textron Inc., a US-based company operating in military vehicle electrification, introduced its advanced military electrification solution for existing armored vehicle electrification. It aims to retain the advanced mobility of traditional drivelines by harnessing technologies to enable the pressing requirements of military users. Harnessing technology is the potential utilization of power and energy by controlling the system and storing its energy for later consumption. This company’s solution provides a faster route for vehicle electrification than whole-vehicle design programs, which provides the ability to export electric power to charge more solid systems and run vehicles in full-electric silent mode for limited periods on the battlefield. In April 2022, Textron Inc., a US-based aviation and aerospace component manufacturing company, acquired Pipistrel for $221.94 million (€218 million). With this acquisition, Textron Inc aims to strengthen its product portfolio in the electrification of military vehicles business and gain a market advantage in the aerospace and defense sector. Pipistrel has incorporated Textron's newest business division, Textron eAviation, which will follow Textron's long-term goal to provide a family of environmentally friendly aircraft for urban air mobility, general aviation, freight, and mission roles. Pipistrel Group is a Slovenia-based aircraft manufacturer that specializes in electric aircraft. Major players in the military vehicle electrification market are BAE Systems, ARQUUS, Leonardo SpA, Textron Inc., General Motors, Oshkosh Corporation, Nikola Corporation, Otokar Otomotive, QinetiQ, Polaris Inc., Epsilor-Electric Fuel Ltd., Nexter Group, ST Engineering, Tesla Inc., ASELSAN AS, AM General, and Highland Systems. North America was the largest region in the military vehicle electrification market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in military vehicle electrification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the military vehicle electrification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The military vehicle electrification market consists of sales of military vehicle electrification that are used to increase onboard power and extend range and persistence. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global military vehicle electrification market is segmented - 1) By Technology: Hybrid, Fully Electric 2) By Operation: Manned, Autonomous/Semi-Autonomous 3) By Platform: Combat Vehicles, Support Vehicles, Unmanned Armored Vehicles 4) By System: Power Generation, Cooling Systems, Energy Storage, Traction Drive Systems, Power Conversion

The defense support and auxiliary equipment refer to support and auxiliary equipment used for defense operations, including equipment such as sonars. The defense support and auxiliary equipment include all mobile and fixed systems required to support the operation of the primary defense systems. The main types of defense support and auxiliary equipment are military radars, military satellites, and other defense support, and auxiliary equipment. Military satellites are man-made satellites that are used for military purposes. Navigation, intelligence gathering, and military communications are the most prevalent missions. The different types of payloads include communication payloads, navigation payloads, imaging payloads, and others and are used in several applications such as intelligence, surveillance, and reconnaissance (ISR), communication, and navigation. The defense support and auxiliary equipment market research report is one of a series of new reports from The Business Research Company that provides defense support and auxiliary equipment market statistics, including defense support and auxiliary equipment industry global market size, regional shares, competitors with a defense support and auxiliary equipment market share, detailed defense support and auxiliary equipment market segments, market trends and opportunities, and any further data you may need to thrive in the defense support and auxiliary equipment industry. This defense support and auxiliary equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global defense support and auxiliary equipment market grew from $146.97 billion in 2022 to $157.55 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The defense support and auxiliary equipment market is expected to grow to $191.88 billion in 2027 at a CAGR of 5.1%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the defense market, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins. This allows companies to expand production and increase product portfolios, thus driving the growth of the defense support and auxiliary equipment market. The use of passive radars is gaining traction in the market due to its advantages across a wide range of defense and civil applications and cost-effectiveness. Passive radars support imaging and tracking capabilities by utilizing existing electromagnetic signals from the atmosphere, whereas regular/active radars send electromagnetic signals to the target and receive reflected signals from the target. Passive radars use ambient radio signals for tracking and surveillance and are less expensive to operate. Some of the examples of passive radar systems are Silent Sentry by Lockheed Martin, Celldar by Roke Manor Research Limited, and Homeland Alerter 100 by Thales Group. Major companies in the defense support and auxiliary equipment market include Raytheon Technologies Corporation, Raytheon Co, Thales group, The Boeing Company, Leidos, Leonardo SpA, ManTech International Corp., L3 Technologies Inc., Rostec State Corporation, and Bae Systems plc. North America was the largest region in defense support and auxiliary equipment market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the defense support and auxiliary equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the defense support and auxiliary equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The defense support and auxiliary equipment market consists of sales of defense support and auxiliary equipment such as radars, and satellites. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global defense support and auxiliary equipment market is segmented - 1) By Type: Military Radars, Military Satellites, Other Defense Support and Auxiliary Equipment 2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others 3) By Application: Intelligence, Surveillance, and Reconnaissance (Isr), Communication, Navigation Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite

The defense equipment maintenance, repair, and overhauling services refer to providing MRO services to all kinds of air, sea, and land-based defense equipment, including fighter aircraft, and military helicopters. The main types of defense equipment maintenance, repair, and overhaul services are air-based defense equipment MRO services; water-based defense equipment MRO services; and land-based defense equipment MRO services. Air-based defense equipment includes support and auxiliary equipment for air-based defense, such as radar, satellites, sonar, and other auxiliary equipment. The services are used for an annual maintenance contract, individual projects, and others. The different sectors include commercial aviation, business, general aviation, military aviation, and others. The defense equipment maintenance, repair, and overhauling services market research report is one of a series of new reports from The Business Research Company that provides defense equipment maintenance, repair, and overhauling services market statistics, including defense equipment maintenance, repair, and overhauling services industry global market size, regional shares, competitors with a defense equipment maintenance, repair, and overhauling services market share, detailed defense equipment maintenance, repair, and overhauling services market segments, market trends and opportunities, and any further data you may need to thrive in the defense equipment maintenance, repair, repair, repair, and overhauling services industry. This defense equipment maintenance, repair, and overhauling services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global defense equipment maintenance, repair and overhauling services market grew from $78.1 billion in 2022 to $83.74 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The defense equipment maintenance, repair and overhauling services market is expected to grow to $101.51 billion in 2027 at a CAGR of 4.9%. During the forecast period, developed countries will experience low interest rates as monetary authorities reduce interest rates to stimulate economic growth and prevent deflation. This led to the flow of cheap money for investment in these economies. Low interest rates encouraged borrowing for investment and helped drive spending. For instance, For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. Low interest rates will boost the growth of the defense equipment maintenance, repair, and overhauling services market in the forecast period. Inadequate defense infrastructure that can hardly accommodate defense aircraft or tanks in under-developed countries will be a restraint on the market. This can be attributed to low investments in some countries in the aerospace industry. For instance, in March 2023, The Department Of Defense of the US requested a budget of $773 billion to reinforce defense infrastructure and higher pay scale of military personnel, which negatively affected the region's defense equipment maintenance, repair, and overhauling services market. Defense equipment maintenance, repair, and overhauling companies are investing in 3D printing or additive manufacturing technologies to offer replacement parts for tanks, ships, and fighter jets. 3D printing involves producing three-dimensional objects using a computer-aided design model. The application of 3D printing is to create functional components, including prototypes, tooling, and end-use production parts. Additive manufacturing, or 3D printing, helps in the cost-effective production of small batches of intricate parts and complex part designs that need to be repaired, upgraded, and effectively maintained. The technology provides a high degree of design freedom, optimization and integration of functional features, and product customization. For instance, in September, the UK’s Ministry of Defence (MOD) announced the launch of Project TAMPA, an experimental new £5 million program to develop 3D-printed parts for weapons and other military equipment on demand. In order to reduce lengthy lead times for defense inventory, MOD wants to be able to share print files over secure defense networks and quickly produce parts using additive manufacturing (AM), or 3D printing. Major companies in the defense equipment maintenance, repair, and overhauling services market include The Boeing Company; Lockheed Martin Corporation; Raytheon Co; Northrop Grumman Corp; Safran SA; Rolls-Royce Holdings plc; Raytheon Technologies Corporation; General Dynamics; Hindustan Aeronautics ltd; Huntington Ingalls industries North America was the largest region in the defense equipment maintenance, repair and overhauling services market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the defense equipment maintenance, repair and overhauling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the defense equipment maintenance, repair and overhauling services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The defense equipment maintenance, repair, and overhauling services market consists of revenues earned by entities by providing defense equipment maintenance, repair, and overhauling services to defense equipment and components such as battleships, submarines, armored vehicles, missiles, and rocket launchers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global defense equipment maintenance, repair and overhauling services market is segmented - 1) By Type: Air based Defense Equipment MRO Services, Water based Defense Equipment MRO Services, Land based Defense Equipment MRO Services 2) By Service Type: Annual Maintainance Contract, Individual Works, Others 3) By End User: Commercial Aviation, Business And General Aviation, Military Aviation, Others