Military Vehicle Market Size Worth $65.53 Billion, Globally, by 2031

Military Vehicle Market Size Worth $65.53 Billion, Globally, by 2031 – Exclusive Report by The Insight Partners
US & Canada, April 01, 2025 (GLOBE NEWSWIRE) — According to a new comprehensive report from The Insight Partners, “the global Military Vehicle Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Tanks, Military Trucks, Amphibious Military Vehicles, Armored Vehicles, Reconnaissance Vehicles, Special Purpose Vehicles, and Others), Application (Ground Support Vehicles, Tactical Warfare, ISR, Military Transportation, and Others), Technology (Autonomous Vehicles and Manually Driven Vehicles), and Geography”.

For More Information and To Stay Updated on The Latest Developments in The Military Vehicle Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00025477/

The report carries out an in-depth analysis of market trends, key players, and future opportunities. The market, in terms of application, is categorized into ground support handling, tactical warfare, ISR, military transportation, and others. Increasing several countries’ government demand to procure modern military vehicles across the globe is major driving factor for the military vehicles market during the forecast period. For instance, in January 2025, the Ministry of Defence signed a contract with Heavy Vehicles Factory, a unit of Armoured Vehicle Nigam Limited, for the procurement of 47 Tank-72 Bridge Laying Tanks (BLT) for the Indian Army at a total cost of ~US$ 180 million.

For Detailed Military Vehicle Market Insights, Visit: https://www.theinsightpartners.com/reports/military-vehicle-market