Global Infantry Fighting Vehicles Market

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The Infantry Fighting Vehicles market growth is rapidly evolving, and material science engineering has been playing an integral role in the advancement of its products. In recent years, advancements in technology have enabled further development of this industry, creating a surge in research and investments that are augmenting its growth. The introduction of cutting-edge materials such as composite armor and titanium alloys have revolutionized the battlefields across the globe. Additionally, innovations in machine learning, autonomous driving capabilities, and sensing technologies continue to drive the growth of this sector. Such trends will help propel the infantry fighting vehicles market size even further while paving the way for new opportunities.

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Global Infantry Fighting Vehicles Market Forecast & Market Size (In Value/ USD (Million/ Billion))
Global Infantry Fighting Vehicles Market Forecast & Market Size (In Volume/ Units)
Country Wise Infantry Fighting Vehicles Market Forecast & Market Size (In Value/ USD (Million/ Billion))
Country Wise Infantry Fighting Vehicles Market Forecast & Market Size (In Volume/ Units ‘000)

Description

Global Infantry Fighting Vehicles Market

Frequently Asked Questions of Defense IFV Market

  • What is the difference between infantry fighting vehicle and tank?
    The name "tank" is often used as a catch-all for any armoured military vehicle, however this is incorrect. Tanks are heavily armed and armoured vehicles meant to clear out well-defended targets, attack other vehicles (particularly other tanks), and exploit holes in the enemy's defences. Tanks are potent psychological weapons due of their size and lethality. They are, nevertheless, vulnerable in densely populated areas. IFVs are frequently mistaken for tanks. The primary distinction between the two is the role and weapon size. IFVs transport infantry into battle as well as participate in combat, whereas tanks do not. This distinction is mirrored in the lower primary weapon size of the IFV, which frees up space for infantry and supplies.
  • What is the best armored fighting vehicle in the world?
    Some of the best armored fighting vehicles include BMP-3M, K 21 IFV, Puma IFV and CV 90 IFV
  •  

    A form of armored fighting vehicle designed to transport personnel into battle and offer direct-fire support is an infantry fighting vehicle (IFV), also known as a mechanized infantry combat vehicle (MICV). It is armed with a retrofitted cannon of at least 20 millimeters caliber, it is also integrated occasionally with an antitank missile launcher”. A mechanized infantry unit frequently uses IFVs as both the primary weapons system and the means of transportation. Armored personnel carriers (APCs), which are transport vehicles equipped only for self-defense and not expressly designed to engage in independent combat, are different from infantry fighting vehicles. With integrated technologies like a big conventional gun and side ports or a rapid-firing autocannon that allows infantrymen to fire their own weapons while seated, IFVs are intended to be more mobile than tanks.

    As per defense market reports, vehicles classified as IFVs, according to the US Army, are known I possess three key features: they must be an off-road mobile, be armed with at least a medium-caliber cannon or an automatic grenade launcher, and the vehicle is poised to be properly protected from small arms fire. It also notes that all IFVs share some traits with an APC and a light tank. An armored vehicle that is “intended to combat with soldiers on board” and “to accompany tanks” is an “IFV,” according to the United Nations Register for Conventional Arms (UNROCA). Since the primary purpose of an IFV is fighting rather than general transportation, UNROCA clearly distinguishes between them and APCs.

     

    Infantry Fighting Vehicles Market Growth

    Brewing border conflicts between nations are noted to be one of the key factors that are poised to boost the growth associated with the procurement of infantry fighting vehicles. The Asia pacific is noted to be one of the fastest-growing markets in terms of military procurements owing to the tense geo-political environment and the presence of developing economies. Border tensions between India and China as well as India and Pakistan have ultimately led to India strengthening its border forces according to defense market reports. Substantial growth in defense budgets across the global sectors was also witnessed. This growth in value is poised to serve as one of the key drivers to boost procurement, i.e. an increase in the defense budget translates to a direct increase in procurement which is expected to bolster the growth associated with the infantry fighting vehicles market.

    Increased urban warfare is another factor that is responsible for the growth of Infantry Fighting Vehicles within military platoons. The use of this technology is expected to enhance both mobilities as well as speed associated with the vehicle. Therefore, the vehicle can perform multiple operations without speed being a hindrance, especially in situations of urban warfare since the strategic and tactical capability is challenged by a variety of obstacles.

     

    Trends Influencing the IFV-Market Size

    One of the key factors that are poised to drive innovation in the Infantry Fighting Vehicles market is the growth in material science engineering and the subsequent research within this domain. The invention of materials like composites is expected to further reduce the weight associated with tactical vehicles hereafter promoting enhanced mobility and agility. Moreover, the growth in technologies like additive manufacturing is also anticipated to serve as a key market driver since it supports the use of automated technologies to produce small components thus promoting the infantry fighting vehicles market growth.

     

    IFV-Market Forecast & Dynamics

    The growing defense budget of upcoming economies is noted to be one of the key factors that bolster the growth associated with the infantry fighting vehicles market. The overall growth dynamics of this sector are majorly governed by the increased defense spending which directly translates to increased procurement of military equipment. The growing number of indigenous programs is another factor that is poised to drive local sourcing and as a result, increase employment opportunities as well as GDP contribution for the defense sector. This increase in value is expected to serve as one of the key factors to bolster the defense budget for key nations across the world economy.

     

    Infantry Fighting Vehicles Market Analysis for Recent Developments

    Australia is noted to be one of the nations to invest heavily in modernization programs as well as acquisition. The tensions in the APAC region are noted to be one of the key factors driving this growth. According to the Infantry Fighting Vehicles Market analysis, it is noted that up to 450 Infantry Fighting Vehicles of the Australian military are to be purchased and supported by the LAND 400 Phase 3 – Land Combat Vehicle System (Infantry Fighting Vehicle) program. The current M113 Armoured Personnel Carriers, which have been in use since the middle of the 1960s and are no longer equipped to counter the current and rising threats presented in our operating environment, will be replaced by infantry fighting vehicles. When completely delivered, the Infantry Fighting Vehicle will enable the Australian Army to maintain mounted close combat operations as part of a joint force against current and potential threats.

    The Market stands as a critical sector within the defense industry, driven by evolving security challenges and the need for agile and well-protected ground forces. IFVs, combining firepower, mobility, and troop-carrying capabilities, play a crucial role in modern military operations. The market is witnessing significant developments in response to the increasing demand for versatile and technologically advanced IFVs that can operate effectively in diverse terrains.

    Advancements in armor protection, firepower systems, and communication technologies are reshaping the landscape of infantry fighting vehicles. Enhanced situational awareness, integration of unmanned systems, and increased survivability are key focus areas for IFV manufacturers. Additionally, modularity and adaptability are becoming essential features to accommodate evolving mission requirements and enable swift upgrades to keep pace with emerging threats. The market is marked by international collaborations and partnerships, as defense organizations seek to leverage the expertise of global manufacturers to enhance the capabilities of their ground forces. As geopolitical tensions persist and the nature of warfare evolves, the Global Infantry Fighting Vehicles Market in 2023 reflects a commitment to equipping armed forces with state-of-the-art, mission-adaptable vehicles capable of meeting the challenges of contemporary and future battlefield scenarios.

    Key Companies

    General Dynamics Corporation

    Rheinmetall AG

    BAE Systems

    Northrop Grumman

    Patria

    Infantry Fighting Vehicles Market - Table of Contents

    Infantry Fighting Vehicles Market Report Definition           

     

    Infantry Fighting Vehicles Market Segmentation 

    – By Configuration

    – By Region

    – By Type

     

    Infantry Fighting Vehicles Market Analysis for next 10 Years

    The 10-year infantry fighting vehicles market analysis would give a detailed overview of infantry fighting vehicles market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

     

    Market Technologies of Infantry Fighting Vehicles Market

    This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

     

    Global Infantry Fighting Vehicles Market Forecast  

    The 10-year infantry fighting vehicles market forecast of this market is covered in detailed across the segments which are mentioned above.

     

    Regional Infantry Fighting Vehicles Market Trends & Forecast

    The regional infantry fighting vehicles market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking. The current market size is estimated based on the normal scenario.

     

    North America

    – Drivers, Restraints and Challenges

    – PEST

    – Market Forecast & Scenario Analysis

    – Key Companies

    – Supplier Tier Landscape

    – Company Benchmarking

    Europe

    Middle East

    APAC

    South America

     

    Country Analysis of Infantry Fighting Vehicles Market

    This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

     

    US

    – Defense Programs

    – Latest News

    – Patents

    – Current levels of technology maturation in this market

    – Market Forecast & Scenario Analysis

    Canada

    Italy

    France

    Germany

    Netherlands

    Belgium

    Spain

    Sweden

    Greece

    Australia

    South Africa

    India

    China

    Russia

    South Korea

    Japan

    Malaysia

    Singapore

    Brazil

     

    Opportunity Matrix for Infantry Fighting Vehicles Market

    The opportunity matrix helps the readers understand the high opportunity segments in this market.

     

    Expert Opinions on Infantry Fighting Vehicles Market Report

    Hear from our experts their opinion of the possible analysis for this market.

    Conclusions

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    Infantry Fighting Vehicles Market - Countries Covered

    US

    Canada

    Italy

    France

    Germany

    Netherlands

    Belgium

    Spain

    Sweden

    Greece

    Australia

    South Africa

    India

    China

    Russia

    South Korea

    Japan

    Malaysia

    Singapore

    Brazil

    Infantry Fighting Vehicles Market - Regions Coverage

    North America

    South America

    Europe

    Middle East

    Asia

    Infantry Fighting Vehicles Market Segments

    By Type

    By Configuration

    By Region

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