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Rising geopolitical tensions are projected to promote innovation in the manufacturing of military land vehicles, propelling the market during the forecast period.

The global military land vehicles market is expected to grow from $20.80 billion in 2022 to $21.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The global military land vehicles size market is expected to grow to $25.53 billion in 2027 at a CAGR of 4.1%.

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Global Military Land Vehicles Market Segments Include:

• By Product Type: Infantry Fighting Vehicles, Armoured Personnel Carriers, Main Battle Tank, Light Multi-Role Vehicles, Tactical Trucks, Other Product Types
• By Offerings: Services, Platforms
• By Application: Defence, Transportation
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global military land vehicles market in 2021.

Major Market Players in the military land vehicles market include Oshkosh Defense LLC, BAE Systems Plc., Ashok Leyland, General Dynamics Corporation, ST Engineering Ltd., Rheinmetall AG, Krauss-Maffei Wegmann GmbH & Co. KG, Iveco S.p.A., Achleitner Fahrzeugbau.

Product innovation is a crucial trend that is gaining traction in the military land vehicle market. To achieve a competitive advantage in the military land vehicle sector, major corporations are focused on novel military vehicles. Rheinmetall, a German automotive and weaponry producer, for example, will unveil the latest version of its HX family of heavy-duty tactical vehicles for military usage in May 2021. The trucks are self-driving and serve as the foundation for many artillery systems, as well as providing increased protection, durability and mobility, driving comfort, and digital interface architecture. HX3 generation vehicles are available in 44, 66, 88, and 1010 configurations. Its distinctive features include emergency braking assist (EBA), adaptive cruise control (ACC), and lane departure warning (LDW), as well as a completely new electronic and electric design.

The Military Land Vehicles Global Market Report 2023  provides a military land vehicles market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The military land vehicles market forecast analyzes military land vehicles market size, military land vehicles market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Military land vehicles are high-performance vehicles that are designed for mobility and adaptation in difficult terrain. These vehicles have a high power-to-weight ratio, good ground clearance, and a large carrying capacity. They transport soldiers, battle equipment, and replenish combat vehicles and weapons systems.

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