Press release
Land based Defense Equipment Market: Strong Growth and Key Trends Led by Geopolitical Tensions, Emerging Threats and Technological Advancements
Land based Defense Equipment Market Size
What Is The Projected Market Size Of The Global Land Based Defense Equipment Market And Its Growth Rate?
•The market has grown from $47.15 billion in 2024 to $51.04 billion in 2025 at a CAGR of 8.2%.
•The growth from 2024 to 2025 can be attributed to factors like rising military budgets, intensified geopolitical tensions, expanding threat landscape, and strategic alliances.
•The Land based Defense Equipment Market is projected to reach $66.05 billion in 2029 at a CAGR of 6.7%.
•The expected market growth in the forecast period is driven by emerging threats, budget allocations, changes in global security environment, international collaboration, and modernization strategies.
What Is Driving The Growth In The Land Based Defense Equipment Market?
Factors such as the overall economic growth of emerging economies and rising disposable income have a positive impact on the land-based defense equipment market. Increased demand for defense equipment is a result of this economic growth. For example, India's growth rate of 8.2% in FY23/24, along with the projection of maintaining this strong growth trend in subsequent years as per the India Development Update from the World Bank, is expected to drive the growth of the land-based defense equipment market.
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Who Are the Key Players Driving Land Based Defense Equipment Market Growth?
•China North Industries Group Corporation Limited
•Raytheon Company
•Lockheed Martin Corporation
•Hanwha Corporation
•General Dynamics Corporation
•Northrop Grumman Corporation
•Mitsubishi Heavy Industries Ltd.
•BAE Systems plc
•Thales Group
•Leonardo S.p.A.
•Oshkosh Corporation
•Science Applications International Corporation (SAIC)
•Rheinmetall AG
•And many more.
What Are The Key Trends In The Land Based Defense Equipment Market?
•Cybersecurity concerns
•Technological innovations
•Advancements in technology
•Electrification and hybridization
•Unmanned systems and robotics.
What Are The Segments Of The Global Land Based Defense Equipment Market?
The Land based Defense Equipment Market is segmented as follows:
•By Type: Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons
•By Operation: Autonomous Land Based Defense Equipment, Manual
•By Application: Military, Law Enforcement
Which Region Leads The Land Based Defense Equipment Market?
The largest region in the land-based defense equipment market in 2024 was Asia-Pacific. Western Europe is expected to be the fastest growing region in the forecast period. The market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Land Based Defense Equipment Market Global Market Report?
•Market Size Analysis: Analyze the Land Based Defense Equipment Market size by key regions, countries, product types, and applications.
•Market Segmentation Analysis: Identify various subsegments within the Land Based Defense Equipment Market for effective categorization.
•Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
•Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
•Market Contribution: Evaluate contributions of different segments to the overall Land Based Defense Equipment Market growth.
•Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
•Industry Challenges: Analyze challenges and risks affecting the Land Based Defense Equipment Market.
•Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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