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The land based defense equipment market size is forecast to increase by USD 34.12 billion at a CAGR of 8.4% between 2023 and 2028. The market is witnessing significant growth due to the increasing demand for advanced weaponry and defense systems. Key trends in the market include the integration of surface-to-air missiles and anti-tank guided missiles into land-based defense systems for enhanced protection against aerial and ground threats. Additionally, the adoption of support tools and auxiliary tools is increasing to improve the efficiency and effectiveness of land-based defense systems. Moreover, the market is witnessing the introduction of advanced technologies such as turrets, armor packages, active protection systems, and autonomous operations to enhance the capabilities of land-based defense equipment. The integration of weaponry with these advanced technologies is enabling better accuracy, faster response times, and improved survivability. However, the market also faces challenges, such as cyber attacks on land-based defense systems, which can compromise the security and effectiveness of these systems. Therefore, there is a growing need for advanced cybersecurity solutions to protect land-based defense equipment from cyber threats. Overall, the market is expected to grow significantly in the coming years due to these trends and the increasing demand for advanced defense systems.
The market is a significant sector in the global defense industry, encompassing a wide range of equipment designed to support and enhance military capabilities. This market includes various types of equipment, from armored vehicles and artillery systems to missile defense systems and auxiliary equipment. Support equipment and auxiliary equipment play crucial roles in the effective deployment and operation of land-based defense systems. These include power generators, communication systems, and logistics support equipment. The integration of advanced sensors and artificial intelligence (AI) into these systems enhances their functionality and mobility, enabling military forces to respond more effectively to evolving threats. Weapons form a significant portion of the land-based defense equipment market. These systems provide long-range, precision capabilities, enabling military forces to engage targets from a safe distance.
Furthermore, the market for missile defense systems is also growing rapidly, as geopolitical tensions increase and the need to protect against ballistic and cruise missile threats becomes more pressing. Artillery systems are another essential component of land-based defense equipment. These systems provide long-range, indirect fire capabilities, enabling military forces to engage targets from a distance and disrupt enemy formations. In conclusion, the market is a dynamic and evolving sector, driven by the need to provide military forces with the capabilities they require to respond to emerging threats. The integration of advanced technologies such as AI, unmanned systems, and alternative fuel sources is a significant trend, enabling military forces to operate more efficiently and effectively while reducing environmental impact. The market for land-based defense equipment is expected to continue growing in the coming years, driven by defense spending, geopolitical tensions, and the need for advanced technologies to counter emerging threats.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The manual segment is estimated to witness significant growth during the forecast period. The market encompasses a range of products, including support and auxiliary equipment, weapons, armored vehicles, missiles, tanks, small arms, and light weapons. Among these, armored vehicles hold significant importance due to their crucial function in military operations.
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The manual segment was the largest segment and was valued at USD 32.81 billion in 2018. These vehicles offer increased protection, mobility, and firepower, making them indispensable for various combat and support missions. This order, anticipated to be concluded by the end of 2024, involves the 8 by 8 wheeled armored platform, a collaborative effort between Tata Advanced Systems and the Defence Research and Development Organisation (DRDO). This acquisition underscores the importance of advanced armored vehicles in modern military capabilities.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The North American market is shaped by substantial defense budgets and ongoing modernization initiatives. Key trends in the defense sector include the integration of advanced technologies such as Artificial Intelligence, Unmanned Systems, and Alternative Fuel Sources. Additionally, the adoption of network-centric warfare, mobility, and electric propulsion systems is gaining momentum. Geopolitical tensions and the need for border security solutions further fuel market growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Introduction of hybrid military vehicles is notably driving market growth. The market is experiencing substantial growth due to escalating defense budgets, fueling the demand for advanced military technologies and equipment. Notable defense spenders, including the United States and India, have allocated significant resources to support a diverse range of military operations and modernization initiatives.
Furthermore, the budget allocation encompasses various military capabilities, including counterterrorism and peacekeeping operations. Advanced land-based defense equipment, such as Armored Personnel Carriers (APCs), Main Battle Tanks (MBTs), Infantry Fighting Vehicles (IFVs), Mine-Resistant Ambush-Protected Vehicles, and Surface-to-Surface Missiles, are integral components of these efforts. Thus, such factors are driving the growth of the market during the forecast period.
Adoption of robotic combat vehicles is the key trend in the market. The market is experiencing a notable transition towards the integration of advanced technologies such as electrification, unmanned systems, robotics, and sophisticated weaponry. This evolution is primarily driven by the demands of law enforcement agencies for versatile, efficient, and reliable military solutions. The TRX, a 10-ton tracked robot unveiled by GDLS, epitomizes the future of RCVs. Its superior design features high transportability, impressive growth potential, and a modular layout. This cutting-edge technology is poised to revolutionize land-based defense equipment, with radars, sonars, corner shot rifles, battle vehicles, small weapons, and even satellites expected to follow suit in embracing advanced technologies. Thus, such trends will shape the growth of the market during the forecast period.
Cyber attacks on land based defense systems is the major challenge that affects the growth of the market. The land-based defense equipment market is characterized by the use of advanced weaponry, including Surface-to-Air Missiles (SAMs) and Anti-Tank Guided Missiles (ATGMs). Support tools and auxiliary equipment are essential components of these systems, enhancing their functionality and effectiveness. Turrets and armor packages offer protection, while active protection systems ensure the safety of personnel and assets. Autonomous operations are increasingly being adopted for improved efficiency and accuracy.
However, the market faces significant challenges from cyber threats, as demonstrated by the September 2024 attack on Diehl Defence. This breach underscores the importance of cybersecurity measures to safeguard critical defense systems. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BAE Systems Plc - The company offers land based defense equipment such as the Bradley Fighting Vehicle, CV90 Infantry Fighting Vehicle, M109 Howitzer, M113 Armored Personnel Carrier, and BvS10 All-Terrain Vehicle.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Land-based defense equipment refers to military hardware designed for ground applications, encompassing a diverse range of support and auxiliary equipment, weapons, and combat vehicles. This market includes armored fighting vehicles (AFVs), such as tanks, armored personnel carriers (APCs), infantry fighting vehicles (IFVs), and mine-resistant ambush-protected vehicles. Weapons span from small arms and light weapons to artillery systems and missile defense systems. Autonomous equipment, including unmanned systems and robots, are increasingly utilized in military applications. Geopolitical tensions and defense spending drive the demand for advanced land-based defense equipment.
Furthermore, combat vehicles and combat support vehicles are integral components, with mobility, network-centric warfare, and alternative fuel sources being key considerations. Cybersecurity, border security solutions, and counterterrorism capabilities are essential features in today's global security environment. Artificial intelligence, unmanned systems, advanced sensors, and electrification are shaping the future of land-based defense equipment. Weaponry includes guns, non-gun powder weapons, and missiles, such as surface-to-surface, surface-to-air, and anti-tank guided missiles. Support tools and auxiliary tools are essential for maintenance and repair, while armor packages, active protection systems, and autonomous operations enhance survivability and effectiveness. Radars, satellites, sonars, and defense budgets play crucial roles in the development and deployment of land-based defense equipment.
Market Scope |
|
Report Coverage |
Details |
Page number |
215 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.4% |
Market growth 2024-2028 |
USD 34.12 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.0 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 37% |
Key countries |
US, China, Russia, India, France, Germany, UK, Japan, South Korea, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
BAE Systems Plc, Elbit Systems Ltd., FNSS Savunma Sistemleri A.S., General Dynamics Corp., Hanwha Systems Co. Ltd., HYUNDAI ROTEM CO, JSC Rosoboronexport., KNDS N.V., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd, Northrop Grumman Corp., Paramount Group, Patria Group, Rheinmetall AG, RTX Corp., Saab AB, Tata Advanced Systems Ltd., Thales Group, and The Boeing Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product Type
9 Market Segmentation by Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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