Lucintel Forecasts Higher Growth for Global Defense Land Vehicle Industry


   January 1 2013
The global defense land vehicle industry comprises battle tanks, armored combat vehicles and personnel carriers, infantry fighting vehicles, artillery, tactical vehicles, and other armored protective vehicles. The industry is highly consolidated in terms of suppliers as well as buyers and is highly dependent on government spending. The industry is forecast to reach an estimated $32.7 billion by 2020 at a CAGR of 1.3% over the next eight years (2013-2020). Continued uncertainty in global affairs, threat of terrorism, and instability in the Middle East will influence the purchase of defense land vehicles over the long run.
Lucintel, a leading global Management Consulting and market research firm, has conducted a competitive analysis of the industry and presents its findings in “Global Defense Land Vehicle Industry 2013-2020: Trend, Profit, and Forecast Analysis.” The North American region dominates the industry and represents the maximum industry share. The industry is witnessing some emerging trends such as unmanned ground vehicle systems and stealth technology in land systems.
Lucintel’s report provides a brief overview of the industry’s challenges. The global defense land vehicle industry is consolidated with the top five and top 10 players accounting for approximately 79% and 94%, respectively, in 2012. This industry is dependent on government spending, and government policies and regulations pose a challenge to the industry. Uncertainty of fund allocations in government budgets also affects this industry.
In addition to the industry’s challenges, the study highlights on the growth drivers. Globally, the war against terrorism is a priority for most governments, leading them to increase their homeland security capabilities. Another growth driver is the growing defense budgets of ROW and APAC countries. Increased demand for armed protective vehicles for civil security personnel is another industry growth driver.
This market report is an indispensable reference guide for defense land vehicle manufacturing companies, engineers working in this industry, investors, and many more that operate in the industry. To make business, investment, and strategic decisions, timely, useful information is needed, which is fulfilled by this market report.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel’s Opportunity screening and Business Strategy Consulting services have supported decision makers in achieving their growth objectives.

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Mitsubishi Rayon Acquires Gemini Composites LLC ...
Xperion Receives Mobile Pipeline Order in Pakistan...
VESTARO – A Collaboration between Evonik and Forward Engineering ...
Agreement between TPI Composites, Inc. and Proterra Inc....
SP Group A/S Acquires MM Composite A/S...

Follow us on