According to the recent study the defense land vehicle market is projected to reach an estimated $35.9 billion by 2027 from $29.1 billion in 2021, at a CAGR of 3.6% from 2021 to 2027. Growth in this market is primarily driven by increasing defense budget in emerging economies, especially in China and India and increasing terrorism and domestic disputes.
Browse 38 figures / charts and 14 tables in this 89 -page report to understand trends, opportunities and forecast in defense land vehicle market by region (North America, Europe, Asia Pacific, and the Rest of the World).
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“North America will dominate the defense land vehicle market in near future”
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.
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Major players of defense land vehicle market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. General Dynamics, BAE System Plc, Thales SA, and Navistar International Corporation are among the major defense land vehicle providers.
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