Military Vehicle Market Scope And Analysis

Report Code : TIPRE00025477
Category : Aerospace and Defense

Status : Published
No. of Pages : 221

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Military Vehicle Market Analysis and Trends by 2031

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Military Vehicle Market Report Scope

Report Attribute	Details
Market size in 2024	US$ 32.47 Billion
Market Size by 2031	US$ 65.53 Billion
Global CAGR (2025 - 2031)	10.8%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Type Tanks Military Trucks Amphibious Military Vehicles Armored Vehicles Reconnaissance Vehicles Special Purpose Vehicles By Application Ground Support Vehicles Tactical Warefare ISR Military Transportation By Technology Autonomous Vehicles Manual Driven Vehicles
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ASHOK LEYLAND BAE Systems Plc General Dynamics Corporation NORINCO Group Oshkosh Defense LLC Patria Rheinmetall AG Soframe Tata Motors Thales Group

Military Vehicle Market News and Recent Developments

The global military vehicle market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the military vehicle market are listed below:

BAE Systems received a US$ 184 million contract modification to produce an additional 48 Armored Multi-Purpose Vehicles (AMPV) for the U.S. Army. The order is in addition to the existing full-rate production contract. The AMPV family of vehicles (FoV) replaces the Army's legacy M113s and modernizes the force by providing critical survivability, mobility, on-board power, and interoperability upgrades to the Armored Brigade Combat Team. The FoV is currently built in five variants: General Purpose, Mortar Carrier, Medical Evacuation, Medical Treatment, and Mission Command vehicles. (BAE Systems, Company Website, October 2024)
General Dynamics Land Systems announced that it was awarded a US$ 257.6 million U.S. Army contract modification for the second phase of M10 Booker Low-Rate Initial Production of the newly named M10 Booker Combat Vehicle, formerly known as Mobile Protected Firepower. (General Dynamics Land Systems, Company Website, July 2023)

Military Vehicle Market Report Coverage and Deliverables

The "Military Vehicle Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

Military vehicle market size and forecast at country levels for all the key market segments covered under the scope
Military vehicle market trends, as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Military vehicle market analysis covering key market trends, country framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the military vehicle market
Detailed company profiles