Land Based Defense Equipment Market to Grow at 7.44% CAGR Through 2029

Written by Lisa Tate  »  Updated on: March 13th, 2024

Land Based Defense Equipment Market to Grow at 7.44% CAGR Through 2029

Geopolitical tensions and security concerns drive nations to invest in advanced ground force capabilities. Technological advancements, including autonomous technologies and hybrid propulsion systems are the factors driving market in the forecast period 2025-2029.

According to TechSci Research report, “Land Based Defense Equipment Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, The Global Land Based Defense Equipment Market stood at USD 14.27 Billion in 2023 and is anticipated to grow with a CAGR of 7.44% in the forecast period, 2025-2029. The global Land-Based Defense Equipment Market plays a pivotal role in shaping the capabilities of modern ground forces, encompassing a diverse range of military hardware and systems. This market is driven by a combination of geopolitical considerations, technological advancements, and the evolving nature of security threats. Major components of land-based defense equipment include armored vehicles, missiles, tanks, small arms, and light weapons, each tailored to address specific operational requirements.

The demand for land-based defense equipment is significantly influenced by geopolitical tensions and security concerns worldwide. Nations invest in strengthening their ground forces to ensure territorial integrity, deter potential adversaries, and project power. The market reflects a constant push for innovation as nations seek advanced technologies to enhance the mobility, firepower, and survivability of their land-based capabilities.

Technological advancements are a key driver, with a focus on integrating cutting-edge features into land-based defense systems. The market witnesses the incorporation of autonomous technologies, hybrid propulsion systems, and advanced materials to improve overall performance. The digitalization of land-based defense equipment, including network-centric warfare capabilities, enhances communication, coordination, and situational awareness on the battlefield.

The modular and adaptable design of land-based defense platforms is another significant trend. This allows for easier upgrades, modifications, and customization to meet evolving mission requirements. The emphasis on versatility is underscored by multi-role platforms that can perform various functions, addressing the diverse challenges faced by modern ground forces.

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Collaborative defense initiatives and international partnerships contribute to the global nature of the land-based defense equipment market. Joint development programs and shared research and development efforts enhance interoperability among allied forces, fostering a more integrated global defense network. This collaboration is particularly notable in regions such as Europe, where countries work together on joint defense programs.

The rise of asymmetric threats and the need to counter unconventional warfare tactics contribute to the market's evolution. Land-based defense equipment is adapted to address challenges posed by non-state actors, terrorists, and irregular warfare scenarios. This includes the development of counter-drone technologies, lightweight maneuverable vehicles, and technologies tailored for urban warfare.

The market also responds to environmental and sustainability concerns, with a shift toward electrification and alternative propulsion systems. Governments and defense industries increasingly explore eco-friendly solutions to reduce the ecological footprint of land-based defense operations.

North America holds a dominant position in the Global Land Based Defense Equipment Market, driven by the robust defense capabilities of the United States. The region witnesses substantial investments in armored vehicles, artillery systems, and other land-based equipment. Ongoing modernization programs and defense budgets contribute to the development and procurement of advanced land-based defense systems, making North America a key player in the market.

Europe is a significant contributor to the Global Land Based Defense Equipment Market, with major NATO members such as the United Kingdom, Germany, and France actively investing in land-based military capabilities. The European market is characterized by collaborative defense initiatives, joint procurement projects, and efforts to enhance interoperability among member states. The focus on improving ground forces' capabilities and addressing emerging threats shapes the land-based defense equipment landscape in the region.

The Asia-Pacific region is witnessing dynamic growth in the land-based defense equipment sector, fueled by increasing security challenges and military modernization efforts. Nations such as China, India, and South Korea are investing significantly in armored vehicles, artillery, and missile defense systems. The diverse operational environments, ranging from territorial disputes to border security concerns, influence the demand for versatile land-based defense equipment tailored to specific regional requirements.

Major companies operating in Global Land Based Defense Equipment Market are:

Giat Industries

Mitsubishi Heavy Industries, Ltd.

BAE Systems plc

Northrop Grumman Corp

Lockheed Martin Corporation

Raytheon Technologies Corporation

General Dynamics Corp

China North Industries Corp

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“The global Land-Based Defense Equipment Market is undergoing a transformative phase, driven by a confluence of factors. Geopolitical tensions and the need for robust defense capabilities continue to steer investments in advanced ground force technologies. Technological innovation, particularly in areas such as autonomy and digitalization, is reshaping the landscape, providing militaries with unprecedented capabilities for modern warfare.

Collaboration among nations and defense industries is increasingly crucial to address shared security challenges, emphasizing the interconnectedness of global defense efforts. As the market evolves, sustainability considerations, adaptability, and a focus on countering asymmetric threats are becoming central themes, reflecting a nuanced response to the multifaceted challenges faced by modern ground forces,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Land Based Defense Equipment Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Type (Armored Vehicles, Missiles, Tanks, Small Arms And Light Weapons), By Operation (Autonomous Land Based Defense Equipment, Manual), By Application (Military, Law Enforcement), By Region, Competition, 2019-2029”, has evaluated the future growth potential of Global Man Portable Anti-Armor Weapons Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Land Based Defense Equipment Market.

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