Defense Land Vehicle Market: Trends, Opportunities and Competitive Analysis

Defense Land Vehicle Industry Trends and Forecast
The future of the global defense land vehicle industry looks promising with opportunities in North America, Europe, APAC and ROW. The global defense land vehicle industry is expected to reach an estimated $35.9 billion by 2027 with a CAGR of 3.6% from 2021 to 2027. The major growth drivers for this market are increasing defense budget in emerging economies, especially in China and India and increasing terrorism and domestic disputes.

Emerging Trends in the Defense Land Vehicle Industry
Emerging trend, which has a direct impact on the dynamics of the industry, includes unmanned ground vehicle system, stealth technology in land system, and advance composite armed protection material.
A total of 38 figures / charts and 14 tables are provided in this 89-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the ground and precipitated market report, please download the report brochure.
 
Defense Land Vehicle Industry by Segments
The study includes a forecast for the global defense land vehicle industry by region as follows:
Defense Land Vehicle Industry by Region (Value ($ billion) from 2016 to 2027):

• North America
• Europe
• Asia Pacific
• The Rest of the World 

List of Aircraft Defense Land Vehicle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies defense land vehicle system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the defense land vehicle system companies profiled in this report includes. 

• General Dynamics
• BAE System Plc
• Thales SA
• Navistar International Corporation

Defense Land Vehicle Industry Insights

• North America is expected to remain the largest region during the forecast period due to highest number of manufacturers and USA’s high defense budget. 

Features of the Defense Land Vehicle Industry

• Market Size Estimates: Defense land vehicle market size estimation in terms of value ($M)
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Defense land vehicle market size by various segments, such as in terms of value.
• Regional Analysis: Defense land vehicle market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different regions for the defense land vehicle industry .
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the defense land vehicle industry.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ
Q1. What is the defense land vehicle industry size?
Answer: The global defense land vehicle industry is expected to reach an estimated $35.9 billion by 2027.
Q2. What is the growth forecast for defense land vehicle industry?
Answer: The defense land vehicle industry is expected to grow at a CAGR of 3.6% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the defense land vehicle industry?
Answer: The major drivers for this market are increasing defense budget in emerging economies, especially in China and India and increasing terrorism and domestic disputes.
Q4. What are the emerging trends in defense land vehicle system market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include unmanned ground vehicle system, stealth technology in land system, and advance composite armed protection material.
Q5. Who are the key defense land vehicle system companies?
Answer: Some of the key defense land vehicle system companies are as follows: 

• General Dynamics
• BAE System Plc
• Thales SA
• Navistar International Corporation

Q6. In defense land vehicle industry , which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region during the forecast period due to highest number of manufacturers and USA’s high defense budget.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for the global defense land vehicle industry by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last 5 years?