Autonomous Military Vehicle Market Growth Analysis | BAE Systems Plc, Lockheed Martin Corp., Northrop Grumman Corp. are among key contributors

Competitive Benchmarking and Vendor Forecasts for 2021-2025

Autonomous military vehicle market is set to post an incremental growth of $ 457.09 million, accelerating at a CAGR of 11.10% during the forecast period. The market is fragmented. BAE Systems Plc, Elbit Systems Ltd., General Dynamics Corp., Kratos Defense and Security Solutions Inc., Lockheed Martin Corp., Northrop Grumman Corp., Oshkosh Corp., Polaris Inc., Rheinmetall AG, and RUAG International Holding Ltd. are some of the major participants in the market.

This research report provides a detailed analysis of all the key players tracking recent and historic developments with respect to their market share and product portfolio. We also provide a pipeline analysis of upcoming developments and future growth opportunities. The growth of the vendors depends on several factors such as market conditions, government support, and industry development. 

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Autonomous Military Vehicle Market: Market Highlights

• The Autonomous military vehicle market is segmented by Product (semi-autonomous vehicle and fully autonomous vehicle) and Geography (North America, APAC, Europe, MEA, and South America).
• North America led the market with 53% of the market growth set to originate from this region during the forecast period.
• Increasing concerns over the indiscriminate use of (IED) is incentivizing the autonomous military vehicle market. Complementing technologies installed in autonomous vehicles will help ensure that in case an IED is missed by one scan, it is picked up by another. 
• The emerging trend of truck platooning is another factor supporting the autonomous military vehicle market share growth. Vehicles in the fleet communicate via wireless connectivity and automatically synchronize speed and braking actions, thereby resulting in better fuel efficiency and improved traffic congestion control for all vehicles in the platoon.
• The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For more insights on this market: Download a Free Sample Report

Key Focus Areas in Our Reports:

• Market segments
• Comparison by Product
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• Scaling equipment - Market size and forecast 2020-2025
• Others - Market size and forecast 2020-2025
• Market opportunity by Product

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• BAE Systems Plc
• Elbit Systems Ltd.
• General Dynamics Corp.
• Kratos Defense and Security Solutions Inc.
• Lockheed Martin Corp.
• Northrop Grumman Corp.
• Oshkosh Corp.
• Polaris Inc.
• Rheinmetall AG
• RUAG International Holding Ltd.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of 11.10%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 457.09 mn through 2021-2025.
    
3. What is a key factor driving this market?
   increasing concerns over the IED blast incentivizing government-funded development will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, APAC, Europe, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   53% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are BAE Systems Plc, Elbit Systems Ltd., General Dynamics Corp., Kratos Defense and Security Solutions Inc., Lockheed Martin Corp., Northrop Grumman Corp., Oshkosh Corp., Polaris Inc., Rheinmetall AG, and RUAG International Holding Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (semi-autonomous vehicle and fully autonomous vehicle) and Geography (North America, APAC, Europe, MEA, and South America)