Military ground vehicle manufacturing market comprises establishments primarily engaged in manufacturing combat tanks, military armored vehicles and unmanned ground vehicles, specialized components for combat tanks and self-propelled weapons.
Military Ground Vehicles Market Size
The global military ground vehicles manufacturing market was valued at $23.7 billion in 2017. Asia Pacific was the largest geographic region in 2017, accounting for $10.9 billion or 46.1% share in the market. The USA was the largest country in the market in 2017, accounting for $2.53 billion or 10.7% share in the market.
Military Ground Vehicles Market Trend
Demand for electronic camouflage tanks has increased in recent years. The camouflage system technology makes battle tanks somewhat invisible in the battlefield to potential attackers. This technology uses honeycomb shaped modules that allow a tank to imitate the temperature of its surroundings and hide in its varying terrain, such as deserts, forests and towns, making tanks invisible to thermal imaging systems. BAE Systems has developed ADAPTIV, an electronic camouflage system, in 2017 and has started installing it in new CV90 family of Swedish military vehicles.
Military Ground Vehicle Market Segmentation
The military ground vehicle manufacturing market is segmented into Military Armored Vehicles, Military Battle Tanks and Unmanned Ground Vehicles.
Military Armored Vehicles market comprises companies that primarily manufacture armored personnel carriers, infantry fighting vehicles, mine protected vehicles, light armored vehicles, armored combat support vehicles, light utility vehicles, anti-aircraft movers and trucks.
Military Battle Tanks market comprises companies provide combat tanks which include flame tanks and main battle tanks.
Unmanned Ground Vehicles market comprises companies involved in the manufacturing of ground vehicles that are designed to operate, dangerous or impossible human operations, without onboard human presence.
The major players in the global military ground vehicle manufacturing market are General Dynamics Corporation, BAE Systems, Rheinmetall AG, Lockheed Martin Corporation and Oshkosh Corporation.
The countries covered in the global military ground vehicle manufacturing market are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.