Military Vehicle Sustainment Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Military Vehicle Sustainment Market is set to grow at 5% CAGR from 2024 to 2032, driven by increasing defense expenditures and ongoing efforts to modernize military fleets. Governments worldwide are enhancing their military capabilities to address emerging security challenges, with a significant focus on maintaining and upgrading existing military vehicles. This trend is further amplified by the growing geopolitical tensions and the need for advanced defense technologies. The demand for efficient and reliable sustainment solutions is expected to surge, ensuring operational readiness and extending the life cycle of military vehicles across land, air, and sea domains.

The overall Military Vehicle Sustainment Industry is categorized based on Service Type, End-User, Component, Sustainment Phase, Vehicle Type, Frequency Band, and Region.

The transmission systems component segment will witness substantial growth between 2024 and 2032. As military vehicles become more sophisticated and require greater mobility and durability, the need for advanced transmission systems is rising. These systems play a crucial role in enhancing vehicle performance, including power distribution, speed, and maneuverability, essential for complex military operations. Manufacturers are focusing on developing robust and efficient transmission systems that can withstand harsh combat environments.

The Air Force end-user segment is poised to capture a significant share of the military vehicle sustainment market by 2032. With the increasing importance of air superiority in modern warfare, air forces globally are prioritizing the maintenance and enhancement of their fleets. Sustainment activities for aircraft and related ground support vehicles are critical to maintaining operational readiness. The demand for specialized services, including engine overhauls, avionics upgrades, and structural modifications, is on the rise.

Europe military vehicle sustainment market will experience robust growth throughout 2024-2032. This growth is attributed to the region's strong defense industrial base, significant investments in defense modernization, and a high focus on maintaining readiness amidst evolving security challenges. European countries are committed to strengthening their defense capabilities, with a particular emphasis on upgrading and sustaining existing military vehicle fleets. The presence of leading defense contractors and extensive government support for defense initiatives further bolster the market in this region.

Product Code: 10332

Chapter 1 Scope and Methodology

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2024 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Increasing military expenditures
  - 3.7.1.2 Aging fleet and equipment modernization
  - 3.7.1.3 Technological advancements
  - 3.7.1.4 Focus on modular and upgradeable designs
  - 3.7.1.5 Adoption of predictive maintenance
- 3.7.2 Industry pitfalls and challenges
  - 3.7.2.1 Supply chain disruptions
  - 3.7.2.2 Technological integration
3.8 Growth potential analysis
3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Service Type, 2021 - 2032 (USD Billion)

5.1 Key trends
5.2 Maintenance
5.3 Repair
5.4 Overhaul
5.5 Supply chain management
5.6 Training and support

Chapter 6 Market Estimates and Forecast, By Component, 2021 - 2032 (USD Billion)

6.1 Key trends
6.2 Engine systems
6.3 Transmission systems
6.4 Electrical systems
6.5 Weapons systems
6.6 Armor and protection systems
6.7 Others

Chapter 7 Market Estimates and Forecast, By End-User, 2021 - 2032 (USD Billion)

7.1 Key trends
7.2 Army
7.3 Air force
7.4 Navy
7.5 Other defense organizations

Chapter 8 Market Estimates and Forecast, By Sustainment Phase, 2021 - 2032 (USD Billion)

8.1 Key trends
8.2 Field-level maintenance
8.3 Depot-level maintenance

Chapter 9 Market Estimates and Forecast, By Vehicle Type, 2021 - 2032 (USD Billion)

9.1 Key trends
9.2 Combat Vehicles
- 9.2.1 Tanks
- 9.2.2 Armored personnel carriers (APCs)
- 9.2.3 Infantry fighting vehicles (IFVs)
- 9.2.4 Self-propelled artillery
9.3 Tactical Vehicles
- 9.3.1 Light tactical vehicles
- 9.3.2 Medium tactical vehicles
- 9.3.3 Heavy tactical vehicles
9.4 Support Vehicles
- 9.4.1 Logistics vehicles
- 9.4.2 Maintenance vehicles
- 9.4.3 Medical evacuation vehicles
- 9.4.4 Command and control vehicles
9.5 Unmanned Ground Vehicles (UGVs)
- 9.5.1 Reconnaissance UGVs
- 9.5.2 Combat UGVs
- 9.5.3 Logistics UGVs
- 9.5.4 EOD (Explosive Ordnance Disposal) UGVs

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Billion)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 AM General LLC
11.2 BAE Systems plc
11.3 Elbit Systems Ltd.
11.4 FNSS Defence Systems
11.5 General Dynamics Corporation
11.6 Hanwha Defense
11.7 Iveco Defence Vehicles
11.8 Kongsberg Gruppen ASA
11.9 Krauss-Maffei Wegmann GmbH and Co. KG
11.10 Leonardo S.p.A.
11.11 Lockheed Martin Corporation
11.12 Navistar Defense, LLC
11.13 Northrop Grumman Corporation
11.14 Oshkosh Defense, LLC
11.15 Raytheon Technologies Corporation
11.16 Rheinmetall AG
11.17 Saab AB
11.18 Textron Systems
11.19 Thales Group