Infantry Fighting Vehicle Market Size, Share, and Industry Analysis by Type (Wheeled and Tracked), By Configuration (Amphibious and Non-Amphibious), By Application (Combat, Armored Reconnaissance, Patrolling, and Others), and Regional Forecast till 2032

Region : Global | Report ID: FBI113114 | Status : Ongoing

KEY MARKET INSIGHTS

The global infantry fighting vehicle market is growing due to the rising need for powerful weapons and increase in advanced technology-based armoured vehicles that move infantry and support their fight by providing firepower. Thanks to these vehicles, troops are more mobile, safer, and better armed, which plays an important part in military operations and modern defense everywhere.

According to the U.S. Department of Defense, there are 250 new IFVs procured under the U.S. defense budget.

Infantry Fighting Vehicle Market Driver

Increasing Defense Budgets, Geopolitical Conflict Escalation, and Focus on Mobility to Foster the Demand for Infantry Fighting Vehicle

Modern fighting vehicles are now featuring active protection, versatile high-tech armour, and powerful weapons. Because of these advances, IFV troops can survive better, spot threats more easily, and act more effectively, which is why they play a vital role in today’s military operations concentrating on protection and victory.

With greater spending on defense, countries are stepping up their armoured vehicle modernization efforts. Due to advancing technology, many nations are prioritizing new armoured vehicles, which leads to an increase in buying. Countries worldwide are taking such steps to boost their defense and stay at par with others in technology while facing new security threats.

Stronger conflicts and fights over borders, mainly in Eastern Europe and Asia Pacific, are encouraging nations to invest a lot in IFVs. With these vehicles, ground troops become stronger, making it possible for them to intercede fast and improve their defense, contributing to a big increase in market demand.

Strategies in the military place importance on acting fast and manoeuvring well on several types of land. Thanks to their quick movement and ability to manoeuvre anywhere, IFVs cover these operational needs precisely.

Infantry Fighting Vehicle Market Restraint

High Development Costs, Susceptibility to Threats, and Regulatory Export Restrictions May Affect Market Expansion

The presence of cutting-edge elements and costly materials in new Infantry Fighting Vehicles costs a lot to develop and put into service. Expensive technology poses troubles for various countries as they cannot afford to replace or provide the latest IFVs, slowing down the rate at which IFVs are acquired.

Although technology has advanced, IFVs are still open to threats such as anti-tank missiles as well as drones. Being so vulnerable means the military constantly has to update and upgrade its systems, which costs more and creates difficulties in defending itself from advanced enemy skills.

Due to international rules and tight export rules, it is not easy for IFV manufacturers to spread their products all over the world. Because of these barriers, countries struggle to cooperate, acquisition of supplies is made longer, and there is less room to expand, which affects manufacturers’ achievements and chances to innovate worldwide.

Infantry Fighting Vehicle Market Opportunity

Emerging Market Investments, Unmanned Systems Integration, and Collaborative Development Programs to Offer New Growth Avenues

A rise in demand for infantry fighting vehicles is being caused by defense build-ups in Asia Pacific, the Middle East, and Africa. Such regions offer a lot of opportunities for manufacturers, as nations want to strengthen their military and enhance security features with the help of new weapons systems.

Attack vehicles controlled by remote and unmanned systems are advancing and will boost the tactics used in conflicts. They aim to keep people out of harm’s way and help complete missions with more success, as well as shape the way battles will take place in the future.

International joint efforts in research and development make it easier for countries to move forward and save resources. Thanks to these collaborations, it becomes easier for infantry fighting vehicle makers to lower their costs, invent new technologies, boost their offerings, form solid military alliances worldwide, and increase sales in various markets.

Segmentation

By Type	By Configuration	By Application	By Geography
Wheeled Tracked	Amphibious Non-Amphibious	Combat Armored Reconnaissance Patrolling Others	North America (U.S. and Canada) Europe (U.K., Germany, France, Spain, Italy, Scandinavia, and the Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific) Latin America (Brazil, Mexico, and the Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Key Insights

The report covers the following key insights:

Military Modernization Demand across Key Countries
Technological Advancements in Armor, Weaponry, and Mobility
Increasing Defense Budgets and Geopolitical Tensions
Leading Manufacturers’ Focus - Partnerships and Strategic Collaborations
Factors Influencing Market Dynamics - Strict Regulations and Export Controls

Analysis by Type

By type, the infantry fighting vehicle market is divided into wheeled and tracked.

Many countries are choosing tracked infantry fighting vehicles, thanks to their excellent abilities to move off-road and their heavy armour and strong firepower. Because they excel on difficult roads and in war zones, these vehicles are the top pick for the military whenever dexterity and security play a crucial role in the mission’s success. The tracked segment is now the key player in the infantry fighting vehicle market due to its excellent off-road function.

People are starting to prefer wheeled infantry fighting vehicles because they are faster, require less maintenance, and need less fuel than tracked types. That they operate easily in both urban and rural areas makes them suitable for quick assignments, peacekeeping jobs, and moving in strategic places on good roads or easily reachable spots.

Analysis by Configuration

Based on configuration, the infantry fighting vehicle market is subdivided into amphibious and non-amphibious.

More countries are buying amphibious infantry fighting vehicles thanks to their twin capacity on land and water. They give the military flexibility in regions with water, so they are crucial for quick and international operations. Those countries that rely on large seacoasts are spending more on these to ready their forces for amphibious combat. Due to a rising need for different kinds of armoured vehicles along the coast, the amphibious segment is the largest.

Tanks and infantry fighting vehicles that do not move over water are favored in land battles because they can operate well in rugged areas, are safeguarded by thick armour, and have strong weaponry. Since they are cheap and straightforward compared to amphibious vehicles, these tanks are preferred for battles on land, mainly where there are not many water sources or crossing bodies of water is not the main goal.

Analysis by Application

By application, the infantry fighting vehicle market is fragmented into combat, armored reconnaissance, patrolling, and others.

Combat fighting vehicles are widely used since they can hit the front lines, fire accurately, protect the troops, and transport them safely. Since these vehicles have top-notch weapons and armour, they support infantry during heavy fighting and help the troops survive better. The combat sector gains the most because many countries are enhancing their leading armoured combat forces.

More countries are embracing armoured reconnaissance infantry fighting vehicles because they provide intelligence and protect themselves from enemy attacks. The reason for these vehicles is speed, stealth, and communication, so they are suitable for keeping watch in dangerous places. An increased need for instant data and awareness in modern armies is what makes these technologies more important.

Regional Analysis

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Based on region, the infantry fighting vehicle market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The market is largely controlled by North America, mainly because of high defense costs and powerful technological advancements in the U.S. Programs to update IFV fleets by adopting the newest platforms have greatly increased regional demand and solidified North America’s position as the main regional power in military vehicles.

Europe enjoys a significant share in the market due to ongoing increases in defense spending and more dangers to regional security. The cooperation of various European nations in creating and buying new IFVs increases their military capabilities. Interoperability and modern upgrades to vehicles lead to greater demand from Europe and its allies, much aligned with NATO.

Increased geopolitical pressures and territorial disagreements are likely to cause fast growth in the infantry fighting vehicle market in the Asia Pacific region. Investments in modern IFVs are skyrocketing in China, India, and South Korea as they try to protect their borders, build strength, and grow their defense capacity because of military competition in the region.