Latest News- Military Armored Vehicles And Counter-IED Vehicles Market: Infantry fighting vehicle (IFV) is expected to lead the Product segment during 2025-2029

The Military Armored Vehicles And Counter-IED Vehicles Market is being driven by Asymmetric warfare leading to procurement of arsenal

The Military Armored Vehicles And Counter-IED Vehicles Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10.22 billion. In the military vehicle market, the integration of hybrid drivetrains is gaining significant traction. These powertrains combine the advantages of conventional engines and electric motors, with the combustion engine serving to recharge the batteries and the electric motor delivering additional power for steep climbs. The military aims to transition from fuel-intensive armored fleets to hybrid variants, reducing operational costs. Furthermore, hybrid designs facilitate critical design changes for blast mitigation, such as a crushable floating floor system that decouples crew from the hull and absorbs blast impact. The next generation of Mine-Resistant Ambush Protected (MRAP) vehicles is anticipated to adopt this technology, enhancing both mobility and survivability. 

Get more information on Military Armored Vehicles And Counter-IED Vehicles Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Infantry fighting vehicle (IFV)
  • Armored personnel carrier (APC)
  • Main battle tank (MBT)
  • Self-propelled howitzer (SPH)
  • Others
• Mobility Type
  • Wheeled
  • Tracked
• Application
  • National defense
  • Homeland security
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
    • Canada
  • Middle East and Africa
  • Europe
    • France
    • Germany
    • Italy
    • Russia
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Asymmetric warfare leading to procurement of arsenal
• Upgrade of defense capabilities to counter emerging security threats
• Ongoing digitization of battlefield operations

However, the market also witnesses some limitations, which are as follows:

• High research and development costs
• Defense budget cuts affecting procurement patterns
• Growing cyber threats

Benefits of Buying Global Military Armored Vehicles And Counter-IED Vehicles Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Military Armored Vehicles And Counter-IED Vehicles Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Military Armored Vehicles and Counter-IED Vehicles market encompasses various segments, including Infantry Fighting Vehicles, Armored Personnel Carriers, Main Battle Tanks, Self-propelled Howitzers, and National Defense systems. Homeland Security, Automotive and Transportation, and Armored cars are also part of this market. Reconnaissance, Internal security, Armed escort, Battlefield tasks, Military, Information-based weapon systems, Firepower, Combat personnel, Military tactics, and Networked technologies are key applications. The market caters to terror attacks involving improvised explosive devices (IEDs) and insurgent activities in the military and airborne mounted segments. Ground penetrating radars and laser detectors are essential technologies for Counter-IED vehicles.

Market Research Overview

The military armored vehicles and counter-IED vehicles market is a significant segment of the global aerospace and defense industry, which falls under the capital goods market. This market includes the production of Infantry Fighting Vehicles, Armored Personnel Carriers, Main Battle Tanks, Self-propelled Howitzers, and related defense electronics, logistics equipment, and MRO activities. Technavio calculates the size of the global capital goods market based on the revenue generated by manufacturers and providers in industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors. This market caters to the needs of national defense and homeland security sectors, focusing on the production of armored vehicles equipped with advanced technologies to counter improvised explosive devices (IEDs) and ensure military superiority. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/