According to Cognitive Market Research, The Global Military Land Vehicles market size was USD 23.9 billion in 2023 and will grow at a CAGR of 4.2% from 2023 to 2030.
The rise in the defense budgets of major countries promotes market growth for military land vehicles.
Increasing investments in the development of unmanned ground vehicles will further promote market growth.
The wheeled segment is expected to grow fastest by the propulsion category.
North America dominates the military land vehicles market, whereas the Asia Pacific military land vehicles market will experience the strongest growth until 2030.
