세계의 방위용 소형전술차량(DLTV) 시장 : 현황 분석 및 예측(2024-2032년)

The Defense Light Tactical Vehicle Market is growing at a steady rate of 6.65% in the forecast period due to the increasing demand for modernizing military forces and increased global defense spending. In today's ever-changing world of military technology, one of the most important things for modern armed forces is the Defense Light Tactical Vehicle (DLTV). These versatile vehicles are essential for military operations, allowing troops to move, stay safe, and have firepower in different combat situations. The demand for the modernization of military forces has surged globally, driven by a confluence of geopolitical shifts, evolving security threats, and technological advancements. The old ways of war, which focused on big battles between large armies, are changing. Now, military forces are dealing with more varied and unpredictable situations. They often fight smaller, hidden groups, keep the peace in troubled areas, and quickly react to new dangers. To handle these challenges, they need vehicles and equipment that can move fast and adapt to different tasks, like DLTVs. These vehicles are specifically designed to operate in diverse terrains and environments, offering mobility, speed, and protection to soldiers in the field. The ongoing geopolitical tension and looming war in various parts of the world have increased the demand for the market. For instance, the war in Ukraine and the conflict between Israel and Hamas in the Middle East, further complicated by Houthi missile attacks, highlight the extent to which geopolitical developments are a key determinant for light tactical vehicles. Additionally, in December 2023, Israel placed an order to buy the Joint Light Tactical Vehicle from Oshkosh Defense. In November, Oshkosh received a USD 208 million order for more U.S. Army JLTVs and a USD 160 million order from other countries, including Mongolia, Romania, North Macedonia, Slovenia, and Slovakia. Therefore, the increasing demand for modernizing military forces drives the defense light tactical vehicle market.

Based on the vehicle type, the market is fragmented into pickup and SUVs. The SUV-style segment has the highest market share and is expected to maintain its position in the forecast period. The SUV-style tactical vehicle offers unparalleled versatility and adaptability, making it suitable for various military operations and terrains. Their rugged design and high ground clearance allow them to navigate challenging off-road conditions. At the same time, their spacious interiors and payload capacity enable them to carry personnel, equipment, and supplies effectively. The military in many countries worldwide uses SUV-style light tactical vehicles like the Humvee (High Mobility Multipurpose Wheeled Vehicle) that the U.S. military uses. These vehicles have shown that they can work well and be trusted in different combat situations, counterinsurgency operations, and peacekeeping missions, which has made military personnel have faith in them. For instance, the Iveco LMV, widely used by several NATO countries, is a highly mobile and protected SUV-style vehicle capable of performing various roles, including reconnaissance, command and control, and logistical support.

Based on fuel type, the market is segmented into diesel, gasoline, and electric. The diesel fuel type segment held most of the share in 2023 and is expected to behave similarly in the forecast period. Diesel engines produce more power than gasoline engines of the same size. This extra power makes them better at pulling and towing heavy loads, which is important for small military vehicles that frequently carry heavy things over rough ground. Moreover, Military bases and operations often have the necessary infrastructure and supply chains for diesel fuel. This makes it easier to support and keep up diesel-powered light tactical vehicle fleets. Moreover, diesel fuel is readily available worldwide, ensuring a reliable source even in distant or challenging environments.

Based on application, the market is segmented into troop transport, cargo transport, ambulance, and others. The troop transport segment has dominated and is expected to continue dominating the global light tactical vehicle market in the forecast period. The primary reason for this dominance is light tactical vehicles' critical role in military personnel transportation and rapid deployment operations. Troop transport light tactical vehicles offer operational flexibility by carrying personnel alongside their essential equipment, supplies, and weapons. This versatility allows for self-sustained operations, minimizing the need for additional logistical support and enhancing mission effectiveness. Additionally, modern troop transport vehicles are designed with state-of-the-art armor and safety features to better protect soldiers from gunfire, roadside bombs, and other dangers they may face. These improvements are vital for keeping troops safe during missions and battles.

For a better understanding of the market of the defense light tactical vehicle market, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The North America Defense Light Tactical Vehicle Market has consistently dominated the global landscape, and this trend is expected to continue in the foreseeable future. The United States and Canada, the primary economic powers in North America, have consistently set aside significant funds for defense budgets to modernize their military capabilities. Specifically, the United States has played a pivotal role in advancing and acquiring cutting-edge light tactical vehicles to bolster its worldwide military endeavors and uphold its technological supremacy. For instance, in 2022, Oshkosh Defense will produce almost 500 equipment trailers for the U.S. Army under a contract worth more than USD 263.2 million. The Department of Defense awarded Oshkosh Defense a fixed-price contract for an estimated 466 Enhanced Heavy Equipment Transporter System trailers, logistics products, and support services. These vehicles will be produced between 2022 and 2027 with support from its Dutch subcontractor, Broshuis B.V. Moreover, North America has several leading defense contractors and manufacturers specializing in light tactical vehicle production. These companies have invested heavily in research and development, resulting in cutting-edge technologies and advanced vehicle platforms. The region's strong industrial base and stringent military requirements have fostered continuous innovation and the development of highly capable light tactical vehicles.

Some of the major players operating in the market include Oshkosh Defense, LLC, CANOO, General Dynamics European Land Systems, BAE Systems, Mahindra Emirates Vehicle Armouring Fz LLC., IVECO DEFENCE VEHICLES, Rheinmetall AG, AM General, RMA Group, and Navistar Defense, LLC.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

• 2.1. Research Process of the Defense Light Tactical Vehicle Market
• 2.2. Research Methodology of the Defense Light Tactical Vehicle Market
• 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.MARKET DYNAMICS

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. PESTEL Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Merger & Acquisition
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

• 5.1. Regional Pricing Analysis
• 5.2. Price Influencing Factors

6.GLOBAL DEFENSE LIGHT TACTICAL VEHICLE MARKET REVENUE (USD MN), 2022-2032F

7.MARKET INSIGHTS BY VEHICLE TYPE

• 7.1. Diesel
• 7.2. Gasoline
• 7.3. Electric

8.MARKET INSIGHTS BY FUEL TYPE

• 8.1. Commercial
• 8.2. Military

9.MARKET INSIGHTS BY APPLICATION

• 9.1. Troop Transport
• 9.2. Cargo Transport
• 9.3. Ambulance
• 9.4. Others

10.MARKET INSIGHTS BY REGION

• 10.1. North America
  • 10.1.1. The US
  • 10.1.2. Canada
  • 10.1.3. Rest of North America
• 10.2. Europe
  • 10.2.1. Germany
  • 10.2.2. The UK
  • 10.2.3. France
  • 10.2.4. Italy
  • 10.2.5. Spain
  • 10.2.6. Rest of Europe
• 10.3. Asia-Pacific
  • 10.3.1. China
  • 10.3.2. Japan
  • 10.3.3. India
  • 10.3.4. Rest of Asia-Pacific
• 10.4. Rest of World

11.VALUE CHAIN ANALYSIS

• 11.1. Marginal Analysis
• 11.2. List of Market Participants

12.COMPETITIVE LANDSCAPE

• 13.1. Competition Dashboard
• 13.2. Competitor Market Positioning Analysis
• 13.3. Porter Five Forces Analysis

13.COMPANY PROFILED

• 13.1. Oshkosh Defense, LLC.
  • 13.1.1. Company Overview
  • 13.1.2. Key Financials
  • 13.1.3. SWOT Analysis
  • 13.1.4. Product Portfolio
  • 13.1.5. Recent Developments
• 13.2. CANOO
• 13.3. General Dynamics European Land Systems
• 13.4. BAE Systems
• 13.5. Mahindra Emirates Vehicle Armouring Fz LLC.
• 13.6. IVECO DEFENCE VEHICLES
• 13.7. Rheinmetall AG
• 13.8. AM General
• 13.9. RMA Group
• 13.10. Navistar Defense, LLC

14.ACRONYMS & ASSUMPTION

15.ANNEXURE