Global Next-Generation Combat Vehicles Market Size, Share & Trends Analysis Report By Vehicle Type, By Technology, By Component, By Region, Segment Forecast, 2024–2031
- Published Date : 2024-11-04
- Pages : 100
- Report Id : 40526
- Categories : Aerospace & Defense
This report provides a comprehensive analysis of the Global Next-Generation Combat Vehicles Market, including historical market sizes from 2019 to 2022 and forecasts for 2024 to 2031. The market is estimated to be valued at USD 30,800 Million in 2023 and is projected to grow to approximately USD 44,560 Million by 2031, reflecting a compound annual growth rate (CAGR) of 5.4 % during the forecast period. This growth underscores the increasing demand for advanced data management solutions and highlights the importance of technological innovations in the sector.
The global market for next-generation combat vehicles is evolving rapidly, driven by the rising demand for advanced defense systems and the increased need for military modernization. This market encompasses a range of armored vehicles, including main battle tanks, infantry fighting vehicles, and unmanned ground vehicles, which integrate cutting-edge technologies to enhance operational capabilities. Key areas of innovation include advanced weapon systems, autonomous functionality, improved mobility, and enhanced protection features. With rising global defense budgets and heightened security concerns, countries are prioritizing investments in modernizing their armed forces. Major defense contractors and emerging tech companies are collaborating to develop vehicles with AI-driven control systems, improved situational awareness, and sophisticated communication technologies, enabling real-time data sharing on the battlefield. These vehicles often feature modular designs, which make it easier for military forces to customize their capabilities based on mission requirements. Furthermore, an increasing emphasis on unmanned systems is reshaping combat vehicle design, as these vehicles provide tactical advantages in high-risk combat zones without endangering soldiers. Geopolitical tensions in certain regions are also fueling the market s expansion, with several countries focused on upgrading their defense capabilities. As militaries shift from traditional combat vehicles to those equipped with modern technologies, the industry is witnessing substantial growth, with a continued trend toward digitalization, autonomous operations, and improved survivability. This transformation is expected to have a lasting impact on defense strategies worldwide.
For the geography segment, regional supply, demand, major players, and price are presented from 2019 to 2031. This report covers the following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
Segments-
By Vehicle Type:
Main Battle Tanks (MBTs)
Armored Personnel Carriers (APCs)
Infantry Fighting Vehicles (IFVs)
Armored Combat Support Vehicles
Unmanned Ground Vehicles (UGVs)
Others
NGCVs encompass a range of vehicles, including main battle tanks (MBTs), armored personnel carriers (APCs), infantry fighting vehicles (IFVs), and light utility vehicles (LUVs). MBTs dominate the market as the core of armored forces, while IFVs and APCs gain traction for their versatile roles in modern warfare, providing both protection and mobility to infantry.
By Technology:
Autonomous and Semi-Autonomous Technology
Stealth Technology
Active Protection Systems (APS)
Energy-Efficient Propulsion Systems
Integrated Sensor Systems
Cybersecurity Systems
Others
Technologies driving the NGCV market include autonomous systems, artificial intelligence (AI), active protection systems (APS), electronic warfare, and power generation. Autonomous systems enhance combat vehicle operability and reduce soldier risk by enabling remote or unmanned operations. AI-driven situational awareness systems allow NGCVs to analyze and respond to threats in real time, while APSs protect vehicles from incoming projectiles, ensuring survivability in high-threat environments.
By Component:
Weapon Systems
Armor and Protection Systems
Power Systems and Engines
Communication and Navigation Systems
Sensors and Surveillance Equipment
Fire Control and Targeting Systems
Others
The NGCV market s components are broadly divided into armament, mobility, survivability, and communication systems. Armament components include advanced weapon systems like smart munitions, contributing to enhanced offensive capabilities. Mobility systems are focused on improving speed, agility, and fuel efficiency, with hybrid and electric powertrains gaining importance. Survivability components, such as reactive armor and stealth technologies, boost defense mechanisms, while sophisticated communication systems enhance real-time data exchange and decision-making.
Key Players
General Dynamics Corporation (USA)
BAE Systems (UK)
Rheinmetall AG (Germany)
Oshkosh Defense (USA)
Lockheed Martin Corporation (USA)
Northrop Grumman Corporation (USA)
Krauss-Maffei Wegmann (KMW) (Germany)
Israel Aerospace Industries (IAI) (Israel)
Hanwha Defense (South Korea)
Uralvagonzavod (UVZ) (Russia)
For the competitor segment, the report includes global key players and some small players. The information for each competitor includes:
Company Profile
Main Business Information
Financial Analysis
Market Share
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Base Year: 2023
Historical Data: from 2019 to 2022
Forecast Data: from 2024 to 2031
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TABLE OF CONTENTS
Market Taxonomy
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis and Recommendations
1.3. RA Analysis and Recommendations
2. Market Introduction
2.1. Market Definition
3. Market Background
3.1. Market Overview
3.1.1. Global Next-Generation Combat Vehicles MarketOutlook
3.1.2. Global Next-Generation Combat Vehicles MarketOverview
3.2. Macro-Economic Overview
3.2.1. GDP Growth
3.2.2. Retail Industry Growth
3.3. Pricing Analysis
3.4. Challenges related to the adoption of Global Next-Generation Combat Vehicles Market
3.5. Regulations of Global Next-Generation Combat Vehicles Market
3.6. Forecast Factors: Relevance and Impact
3.7. Market Dynamics
3.7.1. Drivers
3.7.2. Restraints
3.7.3. Opportunity
3.7.4. Trends
3.7.5. SWOT Analysis
4. Market Forecast
4.1. Market Value Projections
4.2. Market Size Projections
4.3. Y-o-Y Projections
4.4. Absolute Opportunity Analysis
5. Global Global Next-Generation Combat Vehicles Market Analysis By Vehicle Type
5.1. Introduction
5.1.1. Market Value Share Analysis By Vehicle Type
5.1.2. Y-o-Y Growth Analysis By Vehicle Type
5.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Vehicle Type
5.3. Market Attractiveness Analysis By Vehicle Type
6. Global Global Next-Generation Combat Vehicles Market Analysis By Technology
6.1. Introduction
6.1.1. Market Value Share Analysis By Technology
6.1.2. Y-o-Y Growth Analysis By Technology
6.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Technology
6.3. Market Attractiveness Analysis By Technology
7. Market Structure Analysis
7.1. Market Analysis by Tier of Companies
7.2. Market Concentration
8. Competition Analysis
8.1. Competition Dashboard
8.2. Company Profiles (15 Companies)
8.2.1 General Dynamics Corporation (USA)
8.2.1.1. Overview
8.2.1.2. Technology Portfolio
8.2.1.3. Financial Overview
8.2.2. BAE Systems (UK)
8.2.2.1. Overview
8.2.2.2. Technology Portfolio
8.2.2.3. Financial Overview
8.2.3. Rheinmetall AG (Germany)
8.2.3.1. Overview
8.2.3.2. Technology Portfolio
8.2.3.3. Financial Overview
8.2.4. Oshkosh Defense (USA)
8.2.4.1. Overview
8.2.4.2. Technology Portfolio
8.2.4.3. Financial Overview
8.2.5. Lockheed Martin Corporation (USA)
8.2.5.1. Overview
8.2.5.2. Technology Portfolio
8.2.5.3. Financial Overview
8.2.6. Northrop Grumman Corporation (USA)
8.2.6.1. Overview
8.2.6.2. Technology Portfolio
8.2.6.3. Financial Overview
8.2.7. Krauss-Maffei Wegmann (KMW) (Germany)
8.2.7.1. Overview
8.2.7.2. Technology Portfolio
8.2.7.3. Financial Overview
8.2.8. Israel Aerospace Industries (IAI) (Israel)
8.2.8.1. Overview
8.2.8.2. Technology Portfolio
8.2.8.3. Financial Overview
8.2.9. Hanwha Defense (South Korea)
8.2.9.1. Overview
8.2.8.2. Technology Portfolio
8.2.9.3. Financial Overview
8.2.10. Uralvagonzavod (UVZ) (Russia)
8.2.10.1. Overview
8.2.10.2. Technology Portfolio
8.2.10.3. Financial Overview
8.2.11. Company11
8.2.11.1. Overview
8.2.11.2. Technology Portfolio
8.2.11.3. Financial Overview
8.2.12. Company12
8.2.12.1. Overview
8.2.12.2. Technology Portfolio
8.2.12.3. Financial Overview
8.2.13. Company13
8.2.13.1. Overview
8.2.13.2. Technology Portfolio
8.2.13.3. Financial Overview
8.2.14. Company14
8.2.14.1. Overview
8.2.14.2. Technology Portfolio
8.2.14.3. Financial Overview
8.2.15. Company15
8.2.15.1. Overview
8.2.15.2. Technology Portfolio
8.2.15.3. Financial Overview
9. Global Global Next-Generation Combat Vehicles Market Analysis By Region
9.1. Introduction
9.1.1. Market Value Share Analysis By Region
9.1.2. Y-o-Y Growth Analysis By Region
9.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Region
9.2.1. North America
9.2.2. Middle East and Africa
9.2.3. South America
9.2.4. Asia-Pacific
9.2.5. Others
9.3. Current Market Size (USD Mn) Forecast 2023-2030 By Region
9.3.1. North America
9.3.2. Middle East and Africa
9.3.3. South America
9.3.4. Asia-Pacific
9.3.5. Others
9.4. Market Attractiveness Analysis By Region
10. North America Global Next-Generation Combat Vehicles MarketAnalysis
10.1. Introduction
10.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.2.4. Rest of North America
10.3. Current Market Size (USD Mn) Forecast 2023-2030 By Country
10.3.1. U.S.
10.3.2. Canada
10.3.3. Mexico
10.3.4. Rest of North America
10.4. Historical Market Size (USD Mn) Analysis 2018-2022 By Vehicle Type
10.5. Current Market Size (USD Mn) Forecast 2023-2030 By Vehicle Type
10.6. Historical Market Size (USD Mn) Analysis 2018-2022 By Technology
10.7. Current Market Size (USD Mn) Forecast 2023-2030 By Technology
11. South America Global Next-Generation Combat Vehicles Market Analysis
11.1. Introduction
11.2. Regional Pricing Analysis
11.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
11.3.1. Brazil
11.3.2. Argentina
11.3.3. Rest of South America
11.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Vehicle Type
11.6. Current Market Size (USD Mn) Forecast 2023-2030 By Vehicle Type
11.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Technology
11.8. Current Market Size (USD Mn) Forecast 2023-2030 By Technology
12. Europe Global Next-Generation Combat Vehicles MarketAnalysis
12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
12.3.1. Germany
12.3.2. Italy
12.3.3. France
12.3.4. Spain
12.3.5. U.K.
12.3.6. Rest of Europe
12.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
12.4.1. Germany
12.4.2. Italy
12.4.3. France
12.4.4. Spain
12.4.5. U.K.
12.4.6. Rest of Europe
12.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Vehicle Type
12.6. Current Market Size (USD Mn) Forecast 2023-2030 By Vehicle Type
12.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Technology
12.8. Current Market Size (USD Mn) Forecast 2023-2030 By Technology
13. Middle East and Africa Global Next-Generation Combat Vehicles Market Analysis
13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
13.3.1. Saudi Arabia
13.3.2. U.A.E.
13.3.3. South Africa
13.3.4. Turkey
13.3.5. Rest of Middle East and Africa
13.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
13.4.1. Saudi Arabia
13.4.2. U.A.E.
13.4.3. South Africa
13.4.4. Turkey
13.4.5. Rest of Middle East and Africa
14. Asia-Pacific Global Next-Generation Combat Vehicles Market Analysis
14.1. Introduction
14.2. Regional Pricing Analysis
14.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
14.3.1. China
14.3.2. India
14.3.3. Japan
14.3.4. South Korea
14.3.5. Singapore
14.3.6. Australia and New Zealand
14.3.7. Rest of Asia-Pacific
14.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
14.4.1. China
14.4.2. India
14.4.3. Japan
14.4.4. South Korea
14.4.5. Singapore
14.4.6. Australia and New Zealand
14.4.7. Rest of Asia-Pacific
i. Research Methodology
ii. Assumptions & Acronyms
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