Land Based Defense Equipment Market Analysis and Future Growth, Forecast 2029
Geopolitical tensions and security concerns drive nations to invest in advanced ground force capabilities. Technological advancements, including autonomous technologies and hybrid propulsion systems are the factors driving market in the forecast period 2025-2029. According to TechSci Research report, “ Land Based Defense Equipment Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, The Global Land Based Defense Equipment Market stood at USD 14.27 Billion in 2023 and is anticipated to grow with a CAGR of 7.44% in the forecast period, 2025-2029. The global Land-Based Defense Equipment Market plays a pivotal role in shaping the capabilities of modern ground forces, encompassing a diverse range of military hardware and systems. This market is driven by a combination of geopolitical considerations, technological advancements, and the evolving nature of security threats. Major components of land-based defense equipment include armored vehicles...