US Defense Ground Vehicle Industry Growth Opportunities

Cost-Effective, Automated, and Sustainable Capabilities Drive Industry Innovation

This study provides an in-depth exploration of the US defense ground vehicles industry. Based on vehicle type, the study categorizes the industry into:

1. Armored fighting vehicles (AFV)
2. Amphibious combat vehicles (ACV)
3. Family of tactical vehicles (FTV)
4. Specialized vehicles
5. Various class for distinctive roles (VCDR)

Referencing the FY2024 Department of Defense (DoD) budget request and new prime contracts awarded in FY2023, the study:

1. Determines the industry drivers and restraints
2. Forecasts and elucidates segment-specific spending and unit procurement trends (FY2023-FY2028)
3. Assesses ongoing and planned procurement projects active during the study period
4. Examines the competitive landscape, based on FY2023 contract and revenue share, and highlights top industry participants
5. Identifies and elucidates technology trends and industry growth opportunities

The study emphasizes collaborations among the military and commercial automotive industries, government, and academia to promote advancements in artificial intelligence (AI), machine learning (ML), and robotics and autonomy. The DoD's growing emphasis on modular and open architecture technology for next-generation ground vehicles may encourage the participation of non-traditional defense companies and small and medium enterprises. Cost-effective solutions with faster fielding capabilities may arise as valuable assets on the modern battlefield during the study period.