Infantry Fighting Vehicle Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Wheeled, Tracked), By Application (Combat, Armored Reconnaissance, Others), By Configuration (Amphibious and Non-Amphibious), and By Region

December 2022 | 112 pages | ID: I6EBFD70E9F2EN
TechSci Research

Abstracts

The global infantry fighting vehicle market is anticipated to register a steady CAGR in the forecast period, 2023-2027. The increasing incidence of asymmetric warfare and cross-border conflicts and the rise in adoption of unmanned combat ground vehicles by armed forces are the primary factors driving the demand for the global infantry fighting vehicle market. Also, the advancements in technology to upgrade and advance the armored vehicles to improve their functionality and performance are expected to create lucrative growth opportunities for the global infantry fighting vehicle market in the next five years.

Growing Incidence of Asymmetric Warfare Drives the Market Demand

Asymmetric warfare, also known as asymmetric engagement, is described as warfare in which the two parties or nations whose military powers or strategy or power differ significantly. The weaker party makes the use of unconventional weapons or tactics to have an upper edge over their enemies. The rise in incidences of asymmetric warfare has been observed worldwide over the past few years due to religious, socio-economic, and political factors. The government is working on strengthening its armed forces and is investing in modernizing and procuring modern vehicles, equipment, weapons, and technologies to counter such situations. The rise in the adoption of combat vehicles or armored vehicles for defense or self-protection against terrorist attacks as they can provide protection against blast and ballistic attacks is expected to fuel the market demand. Infantry fighting vehicles are equipped with gun systems, making them ready to carry out counter-insurgency operations. Therefore, to make the nation ready to face asymmetric warfare, the government is adopting armored vehicles and advanced weapons, which is expected to fuel the growth of the global infantry fighting vehicle market over the next five years.

Growing Popularity of Unmanned Combat Vehicles is Expected to Boost the Market Demand

Defense forces are investing significant amounts in procuring unmanned combat vehicles to carry out combat and Intelligence, Surveillance, and Reconnaissance (ISR) operations. Best infantry fighting vehicle or unmanned combat vehicle can replace defense personnel and can increase the winning probability of the owner nations. An unmanned combat vehicle is a combat vehicle and can also be said as an aircraft, ground-based, and surveillance vehicle which is capable of attacking targets and is recoverable and reusable. The systems are remotely controlled by the controller and are also responsible for conducting armed engagements. Market players are working on developing next-generation unmanned combat vehicles, which would be best suited in a ‘4 D mission’ and are expected to be more highly advanced and accurate than their previous versions. The unmanned combat vehicles also lower the number of human causalities during combat situations which is a major factor for their high demand across the globe. Therefore, the advantages offered by unmanned combat vehicles and the continuous evolution in technology by the market players to upgrade their existing structure are expected to propel the global infantry fighting vehicle market growth over the forecast period.

Market Segmentation

The global infantry fighting vehicle market is segmented into type, application, configuration, regional distribution, and competitive landscape. Based on type, the market is divided into wheeled and tracked. Based on application, the market is divided into combat, armored reconnaissance, and others. Based on configuration, the market is bifurcated into amphibious and non-amphibious. To analyze the market based on the region, the global infantry fighting vehicle market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East and Africa. The United States is anticipated to hold a significant market share in the forecast period, 2023-2027. Military modernization programs and the high defense expenditure is driving the market demand in the country.

Market Players

BAE Systems Plc, FNSS Savunma Sistemleri A.?., Hanwha Defense Systems, Krauss-Maffei Wegmann GmbH & Co. KG, Paramount Group, Saab AB, Rheinmetall AG, Kurganmashzavod JSC, Iveco - Oto Melara Consortium, General Dynamics Corporation, are the major market players operating in the global infantry fighting vehicle market.

Report Scope:

In this report, global infantry fighting vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Infantry Fighting Vehicle Market, By Type:
• Wheeled
• Tracked
• Infantry Fighting Vehicle Market, By Application:
• Combat
• Armored Reconnaissance
• Others
• Infantry Fighting Vehicle Market, By Configuration:
• Amphibious
• Non-Amphibious
• Infantry Fighting Vehicle Market, By Region:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• Thailand
• Indonesia
• Australia
• South Korea
• Europe & CIS
• Germany
• France
• United Kingdom
• Spain
• Italy
• Netherlands
• Russia
• Poland
• South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• Iran
• Israel
• UAE
• Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global infantry fighting vehicle market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. IMPACT OF COVID-19 ON GLOBAL INFANTRY FIGHTING VEHICLE MARKET

5. GLOBAL INFANTRY FIGHTING VEHICLE MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value & Volume
5.2. Market Share & Forecast
  5.2.1. By Type (Wheeled, Tracked)
  5.2.2. By Application (Combat, Armored Reconnaissance, Others)
  5.2.3. By Configuration (Amphibious and Non-Amphibious)
  5.2.4. By Region (North America; Europe & CIS; Asia Pacific; South America and Middle East & Africa)
  5.2.5. By Company (2021)
5.3. Product Market Map (By Type, By Region)

6. NORTH AMERICA INFANTRY FIGHTING VEHICLE MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value & Volume
6.2. Market Share & Forecast
  6.2.1. By Type
  6.2.2. By Application
  6.2.3. By Configuration
  6.2.4. By Country (United States; Canada; Mexico)
6.3. Product Market Map (By Type, By Country)
6.4. North America: Country Analysis
  6.4.1. United States Infantry Fighting Vehicle Market Outlook
    6.4.1.1. Market Size & Forecast
      6.4.1.1.1. By Value & Volume
    6.4.1.2. Market Share & Forecast
      6.4.1.2.1. By Type
      6.4.1.2.2. By Application
      6.4.1.2.3. By Configuration
  6.4.2. Canada Infantry Fighting Vehicle Market Outlook
    6.4.2.1. Market Size & Forecast
      6.4.2.1.1. By Value & Volume
    6.4.2.2. Market Share & Forecast
      6.4.2.2.1. By Type
      6.4.2.2.2. By Application
      6.4.2.2.3. By Configuration
  6.4.3. Mexico Infantry Fighting Vehicle Market Outlook
    6.4.3.1. Market Size & Forecast
      6.4.3.1.1. By Value & Volume
    6.4.3.2. Market Share & Forecast
      6.4.3.2.1. By Type
      6.4.3.2.2. By Application
      6.4.3.2.3. By Configuration

7. ASIA PACIFIC INFANTRY FIGHTING VEHICLE MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Type
  7.2.2. By Application
  7.2.3. By Configuration
  7.2.4. By Country (China, India, Japan, Thailand, Indonesia, Australia, South Korea)
  7.2.5. Product Market Map (By Type, By Country)
7.3. Asia Pacific: Country Analysis
  7.3.1. China Infantry Fighting Vehicle Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value & Volume
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Type
      7.3.1.2.2. By Application
      7.3.1.2.3. By Configuration
  7.3.2. India Infantry Fighting Vehicle Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value & Volume
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Type
      7.3.2.2.2. By Application
      7.3.2.2.3. By Configuration
  7.3.3. Japan Infantry Fighting Vehicle Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value & Volume
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Type
      7.3.3.2.2. By Application
      7.3.3.2.3. By Configuration
  7.3.4. Thailand Infantry Fighting Vehicle Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value & Volume
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Type
      7.3.4.2.2. By Application
      7.3.4.2.3. By Configuration
  7.3.5. Indonesia Infantry Fighting Vehicle Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value & Volume
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Type
      7.3.5.2.2. By Application
      7.3.5.2.3. By Configuration
  7.3.6. Australia Infantry Fighting Vehicle Market Outlook
    7.3.6.1. Market Size & Forecast
      7.3.6.1.1. By Value & Volume
    7.3.6.2. Market Share & Forecast
      7.3.6.2.1. By Type
      7.3.6.2.2. By Application
      7.3.6.2.3. By Configuration
  7.3.7. South Korea Infantry Fighting Vehicle Market Outlook
    7.3.7.1. Market Size & Forecast
      7.3.7.1.1. By Value & Volume
    7.3.7.2. Market Share & Forecast
      7.3.7.2.1. By Type
      7.3.7.2.2. By Application
      7.3.7.2.3. By Configuration

8. EUROPE & CIS INFANTRY FIGHTING VEHICLE MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By Application
  8.2.3. By Configuration
  8.2.4. By Country (Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland)
8.3. Product Market Map (By Type, By Country)
8.4. Europe & CIS: Country Analysis
  8.4.1. Germany Infantry Fighting Vehicle Market Outlook
    8.4.1.1. Market Size & Forecast
      8.4.1.1.1. By Value & Volume
    8.4.1.2. Market Share & Forecast
      8.4.1.2.1. By Type
      8.4.1.2.2. By Application
      8.4.1.2.3. By Configuration
  8.4.2. France Infantry Fighting Vehicle Market Outlook
    8.4.2.1. Market Size & Forecast
      8.4.2.1.1. By Value & Volume
    8.4.2.2. Market Share & Forecast
      8.4.2.2.1. By Type
      8.4.2.2.2. By Application
      8.4.2.2.3. By Configuration
  8.4.3. United Kingdom Infantry Fighting Vehicle Market Outlook
    8.4.3.1. Market Size & Forecast
      8.4.3.1.1. By Value & Volume
    8.4.3.2. Market Share & Forecast
      8.4.3.2.1. By Type
      8.4.3.2.2. By Application
      8.4.3.2.3. By Configuration
  8.4.4. Spain Infantry Fighting Vehicle Market Outlook
    8.4.4.1. Market Size & Forecast
      8.4.4.1.1. By Value & Volume
    8.4.4.2. Market Share & Forecast
      8.4.4.2.1. By Type
      8.4.4.2.2. By Application
      8.4.4.2.3. By Configuration
  8.4.5. Italy Infantry Fighting Vehicle Market Outlook
    8.4.5.1. Market Size & Forecast
      8.4.5.1.1. By Value & Volume
    8.4.5.2. Market Share & Forecast
      8.4.5.2.1. By Type
      8.4.5.2.2. By Application
      8.4.5.2.3. By Configuration
  8.4.6. Netherlands Infantry Fighting Vehicle Market Outlook
    8.4.6.1. Market Size & Forecast
      8.4.6.1.1. By Value & Volume
    8.4.6.2. Market Share & Forecast
      8.4.6.2.1. By Type
      8.4.6.2.2. By Application
      8.4.6.2.3. By Configuration
  8.4.7. Russia Infantry Fighting Vehicle Market Outlook
    8.4.7.1. Market Size & Forecast
      8.4.7.1.1. By Value & Volume
    8.4.7.2. Market Share & Forecast
      8.4.7.2.1. By Type
      8.4.7.2.2. By Application
      8.4.7.2.3. By Configuration
  8.4.8. Poland Infantry Fighting Vehicle Market Outlook
    8.4.8.1. Market Size & Forecast
      8.4.8.1.1. By Value & Volume
    8.4.8.2. Market Share & Forecast
      8.4.8.2.1. By Type
      8.4.8.2.2. By Application
      8.4.8.2.3. By Configuration

9. SOUTH AMERICA INFANTRY FIGHTING VEHICLE MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By Application
  9.2.3. By Configuration
  9.2.4. By Country (Brazil, Argentina)
9.3. Product Market Map (By Type, By Country)
9.4. South America: Country Analysis
  9.4.1. Brazil Infantry Fighting Vehicle Market Outlook
    9.4.1.1. Market Size & Forecast
      9.4.1.1.1. By Value & Volume
    9.4.1.2. Market Share & Forecast
      9.4.1.2.1. By Type
      9.4.1.2.2. By Application
      9.4.1.2.3. By Configuration
  9.4.2. Argentina Infantry Fighting Vehicle Market Outlook
    9.4.2.1. Market Size & Forecast
      9.4.2.1.1. By Value & Volume
    9.4.2.2. Market Share & Forecast
      9.4.2.2.1. By Type
      9.4.2.2.2. By Application
      9.4.2.2.3. By Configuration

10. MIDDLE EAST AND AFRICA INFANTRY FIGHTING VEHICLE MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Type
  10.2.2. By Application
  10.2.3. By Configuration
  10.2.4. By Country (Saudi Arabia, Iran, Israel, UAE, Turkey)
10.3. Product Market Map (By Type, By Country)
10.4. Middle East and Africa: Country Analysis
  10.4.1. Iran Infantry Fighting Vehicle Market Outlook
    10.4.1.1. Market Size & Forecast
      10.4.1.1.1. By Value & Volume
    10.4.1.2. Market Share & Forecast
      10.4.1.2.1. By Type
      10.4.1.2.2. By Application
      10.4.1.2.3. By Configuration
  10.4.2. Saudi Arabia Infantry Fighting Vehicle Market Outlook
    10.4.2.1. Market Size & Forecast
      10.4.2.1.1. By Value & Volume
    10.4.2.2. Market Share & Forecast
      10.4.2.2.1. By Type
      10.4.2.2.2. By Application
      10.4.2.2.3. By Configuration
  10.4.3. UAE Infantry Fighting Vehicle Market Outlook
    10.4.3.1. Market Size & Forecast
      10.4.3.1.1. By Value & Volume
    10.4.3.2. Market Share & Forecast
      10.4.3.2.1. By Type
      10.4.3.2.2. By Application
      10.4.3.2.3. By Configuration
  10.4.4. Israel Infantry Fighting Vehicle Market Outlook
    10.4.4.1. Market Size & Forecast
      10.4.4.1.1. By Value & Volume
    10.4.4.2. Market Share & Forecast
      10.4.4.2.1. By Type
      10.4.4.2.2. By Application
      10.4.4.2.3. By Configuration
  10.4.5. Turkey Infantry Fighting Vehicle Market Outlook
    10.4.5.1. Market Size & Forecast
      10.4.5.1.1. By Value & Volume
    10.4.5.2. Market Share & Forecast
      10.4.5.2.1. By Type
      10.4.5.2.2. By Application
      10.4.5.2.3. By Configuration

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS AND DEVELOPMENTS

13. COMPETITIVE LANDSCAPE

13.1. Company Profiles (Partial List of Leading Companies)
  13.1.1. BAE Systems Plc
  13.1.2. FNSS Savunma Sistemleri A.?.
  13.1.3. Hanwha Defense Systems
  13.1.4. Krauss-Maffei Wegmann GmbH & Co. KG
  13.1.5. Paramount Group
  13.1.6. Saab AB
  13.1.7. Rheinmetall AG
  13.1.8. Kurganmashzavod JSC
  13.1.9. Iveco - Oto Melara Consortium
  13.1.10. General Dynamics Corporation

14. STRATEGIC RECOMMENDATIONS