Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 8.77 Billion

CAGR (2023-2028)

5.46%

Fastest Growing Segment

Amphibious

Largest Market

North America


Market Overview

Global Infantry Fighting Vehicle Market has valued at USD 8.77 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.46% through 2028. The Global Infantry Fighting Vehicle (IFV) Market is an incredibly dynamic and highly competitive landscape, with numerous players vying for dominance in this high-stakes industry. This sector is renowned for its remarkable versatility, as IFVs serve as an integral component of modern armored warfare. These advanced vehicles combine cutting-edge technology, sophisticated defense strategies, and significant geopolitical influence, shaping the future of military operations. They are designed to provide enhanced mobility, firepower, and protection to infantry forces, ensuring their effectiveness in a wide range of combat scenarios. As nations continue to invest in the development and acquisition of advanced IFVs, the market is expected to witness further growth and innovation, leading to new capabilities and tactics that will define the evolution of modern warfare.

Infantry Fighting Vehicles (IFVs), which are widely recognized for their exceptional mobility, firepower, and advanced protective features, play a pivotal role in modern warfare scenarios. These heavily armored vehicles are meticulously designed to provide superior combat capabilities and ensure the safety of military personnel on the battlefield. Equipped with cutting-edge technology and state-of-the-art weaponry, IFVs offer an unparalleled combination of offensive and defensive capabilities, allowing them to effectively engage enemy targets while providing cover and support to allied forces. With their robust armor and tactical versatility, these formidable machines serve as a crucial asset in military operations, adapting to various terrains and combat situations with ease. From urban warfare to open fields, IFVs excel in maneuverability, enabling rapid deployment and agile response in dynamic battle environments. As military strategies continue to evolve, IFVs remain at the forefront of modern warfare, delivering unparalleled combat effectiveness and enhancing the capabilities of ground forces.

Looking ahead, the market for Infantry Fighting Vehicles (IFVs) is projected to experience substantial growth in the coming years. This growth can be attributed to escalating geopolitical tensions, which have led to an increased focus on military modernization and defense capabilities. With defense budgets worldwide showing a continuous increase, governments are investing heavily in advanced combat systems, including IFVs, to enhance their military capabilities.

Furthermore, the ever-growing demand for advanced combat systems stems from the need to adapt to the evolving nature of warfare. As conflicts become more complex and dynamic, there is a growing requirement for IFVs that can operate effectively in various terrains and combat scenarios. These vehicles are designed to provide enhanced protection, mobility, and firepower to ground forces, thereby bolstering their operational effectiveness on the battlefield.

In light of these developments, stakeholders in the IFV market must have a comprehensive understanding of the market trends, key players, and the various growth opportunities that lie ahead. This knowledge is vital for making informed strategic decisions, such as investments in research and development, partnerships, and market expansion. By staying abreast of the latest developments and anticipating future trends, stakeholders can position themselves to capitalize on the growing demand for IFVs and contribute to the advancement of military capabilities worldwide.

By actively staying abreast of the latest developments and emerging technologies in the Global Infantry Fighting Vehicle Market, stakeholders can position themselves strategically and capitalize on the growing demand for these advanced combat vehicles. This includes continuously monitoring advancements in armor technology, weapon systems, and mobility solutions. A deep understanding of the evolving needs of armed forces and the changing dynamics of modern warfare is crucial. Additionally, stakeholders should closely follow regulatory updates, geopolitical trends, and market forecasts to make informed decisions. This comprehensive understanding will enable them to navigate the complexities of this highly competitive landscape and seize the numerous opportunities that arise in this ever-evolving industry, ensuring long-term success and sustainable growth.

Key Market Drivers

Rising Demand for Commercial Aircraft

A prominent driver in the Global Aerostructures Market is the increasing demand for commercial aircraft. The aerospace industry has witnessed consistent growth in air travel, driven by factors such as economic expansion, population growth, and the rise of the middle class in emerging markets. As a result, airlines have been expanding their fleets and placing substantial orders for new commercial aircraft.

This surge in demand directly impacts the need for aerostructural components, which are essential for every aircraft. Aerostructures encompass a wide range of components, including wings, fuselages, empennages, landing gear, and nacelles. With airlines and aircraft manufacturers striving to modernize and expand their fleets, the demand for these components has surged.

Additionally, the aviation industry is transitioning towards more fuel-efficient aircraft designs to meet environmental regulations and reduce operating costs. Modern aircraft designs rely on lightweight, high-strength aerostructures to improve fuel efficiency and reduce emissions.

Leading aircraft manufacturers like Boeing and Airbus are in fierce competition to develop the most advanced and fuel-efficient commercial aircraft. This competition stimulates innovation and investment in aerostructure technologies to support the next generation of eco-friendly and cost-effective planes.

Technological Advancements in Aerostructures

Technological advancements in aerostructures are another driving force in the Global Aerostructures Market. These innovations encompass a spectrum of areas, from advanced materials and manufacturing techniques to design methodologies and digital technologies.

Modern aircraft designs place a significant emphasis on reducing weight to enhance fuel efficiency and overall performance. As a result, advanced composite materials, such as carbon fiber-reinforced composites and superalloys, have become essential in aerostructure design. These materials offer high strength-to-weight ratios, making them ideal for various components, including wings, fuselages, and landing gear.

Manufacturing processes have also evolved significantly, with the advent of additive manufacturing and 3D printing. These technologies enable complex and lightweight designs that were previously difficult to achieve using traditional methods. Additive manufacturing also allows for rapid prototyping and the creation of intricate structures, enhancing the efficiency of aerostructure production.

Furthermore, digital technologies play a critical role in aerostructure design and manufacturing. Computer-aided design (CAD) and simulation tools enable engineers to optimize component shapes and structures for maximum performance and minimal weight. Simulation and modeling also aid in the development of aerostructures that meet stringent safety and quality standards.

The integration of digital technologies, advanced materials, and manufacturing techniques is expected to continue driving innovation in aerostructures, allowing for lighter, more efficient, and cost-effective designs.

Military Modernization and Expansion

The Global Aerostructures Market is significantly driven by military modernization and expansion efforts worldwide. Governments and defense organizations in various countries are increasing their investments in new military aircraft development and production.

Military aircraft, which include fighter jets, transport planes, reconnaissance aircraft, and helicopters, rely on advanced aerostructures to meet the rigorous performance requirements of modern warfare. These structures are vital for ensuring aircraft durability, agility, and stealth capabilities.

The development of fifth-generation fighter aircraft, such as the F-35 and the Chengdu J-20, has been a substantial driving force in the military aviation sector. These advanced fighter jets require cutting-edge aerostructures to support their advanced systems, including stealth features, advanced avionics, and weapon systems.

In addition to fighter jets, countries are investing in military transport aircraft for troop deployment, humanitarian missions, and cargo transportation. These aircraft, such as the Airbus A400M and the Boeing C-17 Globemaster III, rely on robust aerostructures to handle heavy payloads and challenging missions.

The continued expansion of the military aircraft sector, driven by geopolitical tensions and modernization needs, ensures a steady demand for advanced aerostructures to support defense capabilities and national security.

Environmental Regulations and Sustainability Initiatives

The Global Aerostructures Market faces growing pressures from environmental regulations and sustainability initiatives. The aviation industry is under increasing scrutiny due to its environmental impact, particularly in terms of greenhouse gas emissions and fuel consumption.

Aircraft manufacturers and airlines are actively seeking ways to reduce the environmental footprint of air travel. Aerostructures play a critical role in this effort, as they significantly impact an aircraft's weight, aerodynamics, and fuel efficiency.

Lightweight aerostructures, which are central to improving fuel efficiency, are becoming increasingly vital. Advanced materials, such as carbon composites and lightweight alloys, are essential for reducing an aircraft's weight without compromising structural integrity. This results in lower fuel consumption, reduced emissions, and lower operating costs.

Moreover, the aerospace sector is exploring sustainable and renewable materials for aerostructures, such as bio-based composites and recyclable thermoplastics. These materials reduce the environmental impact during production and disposal, aligning with global efforts to make aviation more environmentally friendly.

The aerospace industry is also adopting sustainable manufacturing processes, including the use of water-based adhesives and coatings, to reduce hazardous chemical use in aerostructure production.

As governments worldwide implement stricter emissions regulations and environmental standards, the emphasis on sustainability in aerostructure design and manufacturing will remain a significant driver for the aerospace industry.

Emerging Urban Air Mobility (UAM) and Electric Aviation

The emergence of urban air mobility (UAM) and electric aviation is an evolving trend in the Global Aerostructures Market. UAM represents a transformative shift in aviation, with the potential to revolutionize urban transportation and reduce traffic congestion. UAM vehicles, including electric vertical takeoff and landing (eVTOL) aircraft, demand innovative aerostructures designed for shorter, more frequent flights.

Electric aviation is another notable development. Electric aircraft, including regional electric planes and urban air taxis, are gaining attention for their potential to reduce carbon emissions and noise pollution. These aircraft rely on aerostructures that accommodate electric propulsion systems, battery integration, and lightweight designs.

The development of aerostructures for UAM and electric aviation presents unique challenges, such as the need for quieter designs, integration with urban infrastructure, and the optimization of component materials and manufacturing processes to reduce weight and enhance energy efficiency.

Aerostructure manufacturers are actively exploring new designs and materials to meet these requirements. They are also collaborating with vehicle manufacturers and aviation authorities to develop aerostructures that align with the demands of UAM and electric aviation.


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Key Market Challenges

Rapid Technological Evolution

One of the most prominent challenges facing the Global Aerostructures Market is the rapid pace of technological evolution. The aerospace industry is characterized by continuous advancements in materials, manufacturing processes, and design methodologies. These innovations have a cascading effect on aerostructures, demanding constant adaptation and optimization.

New materials, such as advanced composites and superalloys, offer higher strength-to-weight ratios and improved resistance to extreme conditions. Aerostructures must incorporate these materials to enhance aircraft performance and fuel efficiency.

Manufacturing processes have also evolved, with additive manufacturing and 3D printing enabling complex and lightweight designs. Aerostructure manufacturers must invest in state-of-the-art machinery and processes to stay competitive and efficient.

Moreover, digital technologies, including augmented reality, artificial intelligence, and automation, are becoming integral to aerostructure design and production. The integration of these technologies requires substantial investments and continuous training for the workforce.

The challenge lies in keeping pace with these rapid technological changes. Manufacturers must allocate significant resources to research and development, embrace new manufacturing techniques, and ensure that their workforce possesses the necessary skills to implement these technologies effectively.

Cost Pressures and Margin Squeeze

Cost pressures and margin squeeze are persistent challenges for the Global Aerostructures Market. The aviation industry, driven by competitive pricing and demand for fuel-efficient aircraft, is highly cost-sensitive. Airlines and aircraft manufacturers expect cost-efficient aerostructures without compromising quality, safety, or performance.

On the one hand, airlines demand lower operational costs, prompting aircraft manufacturers to focus on lightweight aerostructures that improve fuel efficiency. On the other hand, the manufacturing and assembly of lightweight aerostructures can be costly, given the need for advanced materials and complex production processes.

Additionally, the aerospace industry often operates on tight profit margins, with significant upfront investments required for research and development, tooling, and certification. Aerostructure manufacturers must absorb these initial costs before realizing any returns on investment.

To address these challenges, aerostructure manufacturers must employ lean manufacturing practices, optimize supply chain management, and seek cost-effective materials and processes. Collaboration with suppliers and customers to streamline operations and control costs is essential for long-term sustainability.

Stringent Regulatory Requirements

Stringent regulatory requirements are a fundamental challenge in the Global Aerostructures Market. Aviation authorities, such as the Federal Aviation Administration (FAA) in the United States and the European Union Aviation Safety Agency (EASA) in Europe, impose strict safety, quality, and certification standards on aerostructures.

These regulations cover various aspects, including materials, manufacturing processes, design, and airworthiness. Aerostructure manufacturers must adhere to these standards to ensure the safety of aircraft and passengers.

Compliance with regulatory requirements can be arduous, requiring extensive testing, documentation, and quality control measures. Any deviation from these standards can result in costly delays, redesigns, or even product recalls.

Moreover, the regulatory landscape is continuously evolving, with new requirements emerging to address emerging challenges, such as cybersecurity and environmental sustainability. Aerostructure manufacturers must remain agile and adaptive to stay compliant with evolving regulations.

Navigating the complexities of regulatory requirements is a perpetual challenge that demands rigorous attention to detail, a commitment to safety, and substantial investments in compliance procedures and documentation.

Global Supply Chain Disruptions

The Global Aerostructures Market is highly susceptible to disruptions in the global supply chain, as evidenced by recent events, including the COVID-19 pandemic and geopolitical tensions. Aerostructure manufacturers depend on a vast and interconnected network of suppliers, making them vulnerable to interruptions in the flow of materials and components.

Supply chain disruptions can result from various factors, including natural disasters, geopolitical conflicts, economic instability, and, as experienced with the pandemic, public health crises. These disruptions can lead to delays in production, increased costs, and difficulties in maintaining consistent quality.

Additionally, changes in global trade policies, export controls, and tariffs can disrupt supply chains and increase costs, particularly for international aerostructure manufacturers.

To mitigate these challenges, aerostructure manufacturers must diversify their supplier base, assess risks in the supply chain, and establish contingency plans. Localizing production and fostering regional supplier relationships can enhance supply chain resilience.

The challenge lies in balancing the benefits of a global supply chain, such as cost efficiency and access to specialized components, with the risks of potential disruptions and uncertainties.

Environmental Sustainability and Regulatory Pressures

Environmental sustainability and regulatory pressures pose a significant challenge to the Global Aerostructures Market. The aviation industry faces increasing scrutiny due to its environmental impact, particularly in terms of greenhouse gas emissions and fuel consumption.

Aircraft are under pressure to reduce emissions and improve fuel efficiency. This directly affects aerostructures, as lightweight components are central to achieving these goals. Reducing an aircraft's weight is an effective way to enhance fuel efficiency, but it requires advanced materials and design strategies.

Moreover, regulatory bodies are implementing stricter emissions standards, including limits on noise pollution and emissions in densely populated areas. These standards necessitate quieter and more environmentally friendly aircraft, influencing the design of aerostructures, such as landing gear, engine nacelles, and airframe components.

Aerostructure manufacturers must address these challenges by investing in research and development to create sustainable and environmentally friendly materials and components. This includes the development of new composites, more efficient manufacturing processes, and a focus on end-of-life recycling and disposal.

Balancing environmental sustainability with the economic realities of the aerospace industry is a complex challenge. Manufacturers must continuously innovate to meet sustainability goals while ensuring that aircraft remain cost-effective and competitive.

Key Market Trends

Advanced Composite Materials and Lightweight Structures

A prominent trend in the Global Aerostructures Market is the growing adoption of advanced composite materials and lightweight structures in aircraft design and manufacturing. Modern aerospace engineers are increasingly turning to innovative materials to reduce aircraft weight and improve fuel efficiency.

Advanced composite materials, such as carbon fiber-reinforced composites and superalloys, offer a high strength-to-weight ratio, making them ideal for aerostructure components. These materials are commonly used in manufacturing wings, fuselages, empennages, and various other parts. They contribute to weight reduction, leading to lower fuel consumption, extended range, improved aerodynamics, and overall cost savings.

Furthermore, lightweight structures are integral to the development of more fuel-efficient aircraft. By reducing the overall weight of the aircraft, manufacturers can improve fuel efficiency and reduce emissions, aligning with environmental regulations and the aviation industry's sustainability goals.

The trend toward lightweight aerostructures is expected to continue as the aerospace industry strives to enhance aircraft performance and reduce operating costs. This trend necessitates ongoing research into new materials and advanced manufacturing techniques to maintain a competitive edge.

Integration of Digital Technologies

The integration of digital technologies is a transformative trend in the Global Aerostructures Market. These technologies are being leveraged across the entire spectrum of aerostructure design, manufacturing, and maintenance to improve efficiency, precision, and cost-effectiveness.

Computer-Aided Design (CAD): CAD software enables engineers to create detailed 3D models of aerostructures, which facilitates accurate design and virtual testing. It allows for the visualization of complex structures and ensures that components fit together seamlessly, reducing errors and improving design efficiency.

Simulation and Analysis: Simulation tools play a crucial role in assessing the performance of aerostructures under various conditions. Engineers can use these tools to identify potential issues, optimize designs, and reduce the need for costly physical testing.

Augmented Reality (AR) and Virtual Reality (VR): AR and VR technologies are being used to enhance the training and work of assembly line workers. They provide interactive guidance, improving assembly accuracy and reducing errors during the manufacturing process.

Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are being employed for predictive maintenance, fault detection, and process optimization. These technologies can predict maintenance needs, detect anomalies, and optimize manufacturing processes, contributing to cost savings and improved safety.

Digital Twins: Digital twins, which are virtual replicas of aircraft and aerostructures, are used for real-time monitoring and maintenance. They provide insights into the condition of aircraft and aerostructures, allowing for timely maintenance and reducing downtime.

The integration of these digital technologies is expected to continue revolutionizing aerostructure design and manufacturing, enhancing precision, reducing costs, and improving overall quality.

Global Collaboration and Supply Chain Optimization

Global collaboration and supply chain optimization are critical trends in the Global Aerostructures Market. With the aerospace industry operating on a global scale, aircraft and aerostructure manufacturers are actively seeking partnerships and collaborations with suppliers from around the world to ensure a reliable and efficient supply chain.

Aerostructure manufacturing often involves a complex network of suppliers providing various components and subassemblies. Collaboration with these suppliers is essential to ensure that parts are delivered on time, adhere to quality standards, and meet cost expectations. Efficient collaboration helps avoid production delays and cost overruns.

Additionally, the global nature of the aerospace industry necessitates a well-optimized and interconnected supply chain. International suppliers offer a wide range of components and materials, and their inclusion in the supply chain provides benefits such as cost savings, specialized expertise, and access to unique materials.

Aerospace manufacturers are increasingly leveraging digital supply chain management tools to enhance visibility and traceability. The use of the Internet of Things (IoT), blockchain technology, and data analytics allows for real-time tracking of components, reducing the risk of disruptions and ensuring quality control.

The trend of global collaboration and supply chain optimization enables manufacturers to tap into a broader network of suppliers, access cost-efficient components, and enhance the overall efficiency and resilience of the aerostructures supply chain.

Renewable and Sustainable Materials

The adoption of renewable and sustainable materials is a growing trend in the Global Aerostructures Market. As environmental concerns and regulatory pressures continue to increase, the aerospace industry is actively seeking materials and processes that reduce the environmental footprint of aircraft and aerostructures.

Sustainable materials, such as bio-based composites, natural fibers, and recyclable thermoplastics, are being explored as alternatives to traditional materials. These materials offer reduced environmental impact in terms of production, disposal, and recycling.

The concept of circular economy principles is gaining momentum in the aerospace industry. This approach focuses on reducing waste, reusing materials, and recycling components at the end of their operational life. Sustainable aerostructures are designed with the intention of recycling and repurposing as many components as possible.

The aerospace sector is also investigating green manufacturing processes and reducing the use of hazardous chemicals in aerostructure production. Sustainable practices, such as water-based adhesives and coatings, contribute to a cleaner and more environmentally friendly manufacturing process.

The trend of adopting renewable and sustainable materials aligns with global efforts to reduce greenhouse gas emissions, limit waste, and ensure the long-term sustainability of the aerospace industry. It represents a commitment to environmental responsibility while maintaining aircraft performance and safety.

Focus on Urban Air Mobility (UAM) and Electric Aviation

The focus on urban air mobility (UAM) and electric aviation is an emerging trend in the Global Aerostructures Market. UAM represents a new paradigm in aviation, with the potential to transform urban transportation and reduce traffic congestion. UAM vehicles, such as electric vertical takeoff and landing (eVTOL) aircraft, demand innovative aerostructures designed for shorter, more frequent flights.

Electric aviation is another significant development. Electric aircraft, including regional electric planes and urban air taxis, are gaining attention due to their potential for reduced carbon emissions and noise pollution. These aircraft rely on aerostructures that accommodate electric propulsion systems, battery integration, and lightweight designs.

The development of aerostructures for UAM and electric aviation poses unique challenges, including the need for quieter designs, urban infrastructure integration, and the optimization of component materials and manufacturing processes to reduce weight and enhance energy efficiency.

Aerostructure manufacturers are actively exploring new designs and materials to meet these requirements. They are also working closely with vehicle manufacturers and aviation authorities to develop aerostructures that align with the demands of UAM and electric aviation.

Segmental Insights

Type Analysis

The global Infantry Fighting Vehicle (IFV) market is a burgeoning field driven by factors such as increased conflicts, geopolitical tensions, and the ongoing modernization of military forces around the world. The market encompasses a wide variety of products, from traditional tracked vehicles to the latest wheeled designs, and includes major players from both the defense industry and the technological sector. The growth of the IFV market is expected to be robust in the coming years, with particular expansion in regions undergoing significant military modernization or facing heightened security threats.

Application Analysis

The global Infantry Fighting Vehicle Market is a dynamic sphere that exhibits considerable growth potential. This market is driven by numerous factors including technological advancements, increased defence budgets of various nations, and escalating conflicts worldwide. The demand for these vehicles is particularly strong in regions characterized by geopolitical tension. However, the development and procurement of Infantry Fighting Vehicles are also associated with significant costs, which may prove to be a deterrent for certain economies. Future trends in this market are likely to revolve around the integration of advanced systems for increased operational effectiveness, enhanced safety measures, and efforts to reduce the overall cost of these vehicles.


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Regional Insights

The global Infantry Fighting Vehicle (IFV) market exhibits regional disparities due to varying defense budgets, geopolitical scenarios, and technical advancements. In North America, the market is driven by substantial defense expenditure, with the United States leading in the adoption of technologically sophisticated IFVs. Europe, particularly countries like Germany and Russia, exhibits robust growth due to the ongoing modernization of military equipment. The Asia-Pacific region, led by China and India, is expected to observe significant growth due to escalating border tensions and increasing defense budgets. Conversely, regions such as Latin America and Africa, with relatively low defense spending, might witness slow growth in the IFV market.

Recent Developments

  • March 2023: Australian and German officials signed an agreement to cooperate on the procurement of the new combat reconnaissance vehicles, based on the Boxer family of armored fighting vehicles and equipped with a 30-millimeter gun. The deliveries will start in 2025.
  • December 2022: Japan selected Patria-built armored modular vehicles (AMV) to replace the Type-96 8X8 wheeled armored personnel carriers of the Japan Ground Self-Defense Force.

Key Market Players

  • General Dynamics Corporation
  • Rheinmetall AG
  • BAE Systems plc
  • Textron Inc.
  • Elbit Systems Ltd.
  • Oshkosh Corporation
  • Nexter Group
  • Denel SOC Ltd.
  • FNSS Savunma Sistemleri A.Ş.
  • BMC Otomotiv Sanayi ve Ticarest AS

By Type

By Configuration

By Application

By Region

  • Wheeled
  • Tracked
  • Amphibious
  • Non-Amphibious
  • Combat
  • Armored Reconnaissance
  • Others
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Infantry Fighting Vehicle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Infantry Fighting Vehicle Market, By Type:

o   Wheeled

o   Tracked

  • Infantry Fighting Vehicle Market, By Configuration:

o   Amphibious

o   Non-Amphibious

  • Infantry Fighting Vehicle Market, By Application:

o   Combat

o   Armored Reconnaissance

o   Others

  • Infantry Fighting Vehicle Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Infantry Fighting Vehicle Market.

Available Customizations:

Global Infantry Fighting Vehicle Market report with the given market data, Tech Sci 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).

Global Infantry Fighting Vehicle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

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

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Wheeled and Tracked)

5.2.2.    By Configuration Market Share Analysis (Amphibious and Non-Amphibious)

5.2.3.    By Application Market Share Analysis (Combat, Armored Reconnaissance, Others)         

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Infantry Fighting Vehicle Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Configuration Market Mapping & Opportunity Assessment

5.3.3.    By Application Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Infantry Fighting Vehicle Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Configuration Market Share Analysis

6.2.3.    By Application Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Infantry Fighting Vehicle Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type Market Share Analysis

6.3.1.2.2.           By Configuration Market Share Analysis

6.3.1.2.3.           By Application Market Share Analysis

6.3.2.    India Infantry Fighting Vehicle Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type Market Share Analysis

6.3.2.2.2.           By Configuration Market Share Analysis

6.3.2.2.3.           By Application Market Share Analysis

6.3.3.    Japan Infantry Fighting Vehicle Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type Market Share Analysis

6.3.3.2.2.           By Configuration Market Share Analysis

6.3.3.2.3.           By Application Market Share Analysis

6.3.4.    Indonesia Infantry Fighting Vehicle Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Type Market Share Analysis

6.3.4.2.2.           By Configuration Market Share Analysis

6.3.4.2.3.           By Application Market Share Analysis

6.3.5.    Thailand Infantry Fighting Vehicle Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Type Market Share Analysis

6.3.5.2.2.           By Configuration Market Share Analysis

6.3.5.2.3.           By Application Market Share Analysis

6.3.6.    South Korea Infantry Fighting Vehicle Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Type Market Share Analysis

6.3.6.2.2.           By Configuration Market Share Analysis

6.3.6.2.3.           By Application Market Share Analysis

6.3.7.    Australia Infantry Fighting Vehicle Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Type Market Share Analysis

6.3.7.2.2.           By Configuration Market Share Analysis

6.3.7.2.3.           By Application Market Share Analysis

7.    Europe & CIS Infantry Fighting Vehicle Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Configuration Market Share Analysis

7.2.3.    By Application Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Infantry Fighting Vehicle Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type Market Share Analysis

7.3.1.2.2.           By Configuration Market Share Analysis

7.3.1.2.3.           By Application Market Share Analysis

7.3.2.    Spain Infantry Fighting Vehicle Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type Market Share Analysis

7.3.2.2.2.           By Configuration Market Share Analysis

7.3.2.2.3.           By Application Market Share Analysis

7.3.3.    France Infantry Fighting Vehicle Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type Market Share Analysis

7.3.3.2.2.           By Configuration Market Share Analysis

7.3.3.2.3.           By Application Market Share Analysis

7.3.4.    Russia Infantry Fighting Vehicle Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type Market Share Analysis

7.3.4.2.2.           By Configuration Market Share Analysis

7.3.4.2.3.           By Application Market Share Analysis

7.3.5.    Italy Infantry Fighting Vehicle Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type Market Share Analysis

7.3.5.2.2.           By Configuration Market Share Analysis

7.3.5.2.3.           By Application Market Share Analysis

7.3.6.    United Kingdom Infantry Fighting Vehicle Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Type Market Share Analysis

7.3.6.2.2.           By Configuration Market Share Analysis

7.3.6.2.3.           By Application Market Share Analysis

7.3.7.    Belgium Infantry Fighting Vehicle Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Type Market Share Analysis

7.3.7.2.2.           By Configuration Market Share Analysis

7.3.7.2.3.           By Application Market Share Analysis

8.    North America Infantry Fighting Vehicle Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Configuration Market Share Analysis

8.2.3.    By Application Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Infantry Fighting Vehicle Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type Market Share Analysis

8.3.1.2.2.           By Configuration Market Share Analysis

8.3.1.2.3.           By Application Market Share Analysis

8.3.2.    Mexico Infantry Fighting Vehicle Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type Market Share Analysis

8.3.2.2.2.           By Configuration Market Share Analysis

8.3.2.2.3.           By Application Market Share Analysis

8.3.3.    Canada Infantry Fighting Vehicle Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type Market Share Analysis

8.3.3.2.2.           By Configuration Market Share Analysis

8.3.3.2.3.           By Application Market Share Analysis

9.    South America Infantry Fighting Vehicle Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Configuration Market Share Analysis

9.2.3.    By Application Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Infantry Fighting Vehicle Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type Market Share Analysis

9.3.1.2.2.           By Configuration Market Share Analysis

9.3.1.2.3.           By Application Market Share Analysis

9.3.2.    Colombia Infantry Fighting Vehicle Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type Market Share Analysis

9.3.2.2.2.           By Configuration Market Share Analysis

9.3.2.2.3.           By Application Market Share Analysis

9.3.3.    Argentina Infantry Fighting Vehicle Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type Market Share Analysis

9.3.3.2.2.           By Configuration Market Share Analysis

9.3.3.2.3.           By Application Market Share Analysis

10.  Middle East & Africa Infantry Fighting Vehicle Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Configuration Market Share Analysis

10.2.3. By Application Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     South Africa Market Share Analysis

10.2.4.2.     Turkey Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Infantry Fighting Vehicle Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type Market Share Analysis

10.3.1.2.2.         By Configuration Market Share Analysis

10.3.1.2.3.         By Application Market Share Analysis

10.3.2. Turkey Infantry Fighting Vehicle Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type Market Share Analysis

10.3.2.2.2.         By Configuration Market Share Analysis

10.3.2.2.3.         By Application Market Share Analysis

10.3.3. Saudi Arabia Infantry Fighting Vehicle Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type Market Share Analysis

10.3.3.2.2.         By Configuration Market Share Analysis

10.3.3.2.3.         By Application Market Share Analysis

10.3.4. UAE Infantry Fighting Vehicle Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type Market Share Analysis

10.3.4.2.2.         By Configuration Market Share Analysis

10.3.4.2.3.         By Application Market Share Analysis

11.  SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12.  Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. BMC Otomotiv Sanayi ve Ticarest AS

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. General Dynamics Corporation

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Rheinmetall AG

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. BAE Systems plc

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Textron Inc.

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Elbit Systems Ltd.

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Oshkosh Corporation

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Nexter Group

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Denel SOC Ltd.

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              FNSS Savunma Sistemleri A.Ş.

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15.  Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Configuration

15.1.3. Target Application

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Infantry Fighting Vehicle Market was estimated to be USD 8.77 Billion in 2022.

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In 2022, the dominant segment by type in the Global Infantry Fighting Vehicle Market was the wheeled variant. The preference for wheeled vehicles can be attributed to their versatility, agility, and the ability to cover diverse terrains at a faster pace, making them a preferred choice in many modern military operations.

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The dominant region in the Global Infantry Fighting Vehicle Market is North America. This region's market dominance can be attributed to its advanced military infrastructure, substantial defense expenditure, and the presence of key market players.

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The major drivers for the Global Infantry Fighting Vehicle Market include the modernization of armed forces, increasing threats in urban warfare scenarios, and the need for versatile, armored vehicles for troop transport and combat support.

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Srishti Verma

Business Consultant
Press Release

Infantry Fighting Vehicle Market to Grow with a CAGR of 5.46% Globally through to 2028

Dec, 2023

The major drivers for the Global Infantry Fighting Vehicle Market include the modernization of armed forces, increasing threats in urban warfare scenarios, and the need for versatile, armored vehicle