Land Based Defense Equipment Market Report 2025

The land based defense equipment market size has grown strongly in recent years. It will grow from $47.15 billion in 2024 to $51.04 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to growth in military budgets, geopolitical tensions, threat landscape, strategic alliances, operational requirements.

The land based defense equipment market size is expected to see strong growth in the next few years. It will grow to $66.05 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to emerging threats, budget allocations, global security environment, international collaboration, modernization strategies. Major trends in the forecast period include cybersecurity concerns, technological innovations, technology advancements, electrification and hybridization, unmanned systems and robotics.

The overall economic growth of emerging economies is anticipated to have a positive effect on the land-based defense equipment market. The increase in disposable income, resulting from this economic growth, has positively influenced the demand for defense equipment. For example, in September 2024, the India Development Update (IDU), a publication from the World Bank, a US-based international development organization, reported that India experienced remarkable growth of 8.2 percent in FY23/24 and is projected to sustain strong growth at 7 percent in FY24/25, continuing this trend in FY25/26 and FY26/27. This stable economic growth is expected to enhance investments in the nation's security, thereby boosting the land-based defense equipment market during the forecast period.

The anticipated rise in defense spending is expected to drive growth in the land-based defense equipment market in the future. Defense spending refers to the financial resources allocated by a government or state to support its armed forces and military activities. This funding plays a crucial role in the development, procurement, and maintenance of land-based defense equipment, as it provides financial support for research and development (R&D) programs aimed at designing and creating advanced land-based defense systems. Additionally, it funds the regular maintenance, repair, and upgrades necessary for land-based equipment to remain operational. For example, in April 2024, the UK Defence in Numbers 2023 report published by the Ministry of Defence, a UK government agency, indicated that in both 2022 and 2023, the Ministry allocated £2.3 billion (approximately $2.9 billion) for military support, with plans to increase this to £2.5 billion (around $3.1 billion) in the coming year. Furthermore, defense spending rose from £52.8 billion (approximately $66.9 billion) in 2022/23 to £54.2 billion (around $68.7 billion) in 2023/24. Consequently, the increase in defense spending is propelling the growth of the land-based defense equipment market.

CornerShot rifles have gained prominence in the defense industry due to their innovative design and capabilities. These weapons feature a steel hinge that enables the gun's frame to bend around corners, allowing operators to engage targets without exposing themselves. Equipped with a high-resolution camera and LCD monitor, these rifles enable shooters to navigate around corners and provide effective targeting. One notable application of CornerShot rifles is inside armored vehicles and tanks, where they can be mounted on turrets, offering a full 360-degree field of cover. This configuration allows the triggerman to remain safely inside the vehicle while maintaining the ability to engage threats. The rifles demonstrate accuracy and effectiveness within a range of 100 to 200 meters, depending on the specific weapon model, eliminating the need for initial exposure during engagements.

In December 2022, Lockheed Martin Corporation and Rafael Advanced Defense Systems Ltd. entered into a partnership to collaboratively develop, test, and manufacture High Energy Laser Weapon Systems (HELWS) in the United States and Israel. This collaboration builds upon assets independently created by RAFAEL and the Directorate of Defense Research and Development (DDR&D) of the Ministry of Defense, specifically within the context of the IRON BEAM project. IRON BEAM represents a 100kW-class HELWS designed to engage threats such as rockets, mortars, and UAVs at the speed of light. It is anticipated to become the first operational ground-based air defense system against these types of threats.

Major companies operating in the land based defense equipment market include 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, Elbit Systems Ltd., Larsen & Toubro Limited, Bharat Electronics Limited, Hyundai Rotem Company, Uralvagonzavod, RUAG Group, IVECO Defence Vehicles, Nexter Group, Patria Oyj, FNSS Savunma Sistemleri A.S., Navistar Defense LLC, Denel SOC Ltd, Israel Aerospace Industries Ltd., Krauss-Maffei Wegmann GmbH & Co. KG, Otokar Otomotiv ve Savunma Sanayi A.S., Paramount Group, Plasan Sasa Ltd., Rafael Advanced Defense Systems Ltd., Rostec State Corporation, ST Engineering, Tata Motors Limited, Ukroboronprom.

Asia-Pacific was the largest region in the land-based defense equipment market in 2024. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the land based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the land based defense equipment market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The land-based defense equipment market consists of sales of land-based defense equipment including battle vehicles, small weapons, radars, satellites, and sonars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Land-based defense equipment comprises support and auxiliary tools utilized in land-based defense operations, encompassing weaponry. It involves components such as turrets, ROWS, cannons, missiles, armor packages, and active protection systems.

Primary types include armored vehicles, missiles, tanks, small arms, and light weapons. Armored fighting vehicles (AFVs) blend operational flexibility with offensive and defensive capabilities. These operations involve both autonomous and manually operated land-based defense equipment, serving various applications in military and law enforcement.

The land-based defense equipment market research report is one of a series of new reports that provides land-based defense equipment market statistics, including land-based defense equipment industry global market size, regional shares, competitors with a land-based defense equipment market share, detailed land-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the land-based defense equipment industry. This land-based defense equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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