Military Vehicle Sustainment Market Size, Share, Revenue Trends and Growth Drivers

1
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CONTACT US (/CONTACTUS.ASP) HOME (/) ? TOP MARKET
REPORTS (/TOP-MARKET-REPORTS.ASP) ? MILITARY
VEHICLE SUSTAINMENT MARKET GLOBAL TOP 2000
STRATEGIST RELY ON US FOR THEIR GROWTH
STRATEGIES. MKNOilWitaMOryREVe(h/KincowleledgSesut
osret.aasipnrmequeesnt_tfreMe_atriarlk) et by
Vehicle Type (Armored Vehicles, Military
Trucks), Service (Maintenance, Repair, Overhaul
(MRO), Training Support, Parts and Components
Supply, Upgrades Modernization), End User
Region- Global Forecast to 2028 FREE BROCHURE
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Report Code AS 8765Oct, 2023, by
marketsandmarkets.com DESCRIPTION TABLE OF
CONTENTS METHODOLOGY DOWNLOAD PDF
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Report The Military Vehicle Sustainment market
is projected to grow from USD 16.8 billion in
2023 to USD 23.5 billion by 2028, at a CAGR of
7.0. The need of sustainment services for the
old military vehicles rises. The Sustainment
services keeps the military vehicle operational.
Government support and growing investments are
propelling the development of Military vehicles ,
further boosting the growth of the Military
Vehicle Sustainment market. The Military Vehicle
Sustainment services enhances the vehicle
efficiency and increase the life of military
vehicles. The various types of maintenance like
condition based maintenance and predictive
maintenance are used to maintain the military
vehicles.
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Military Vehicle Sustainment Market Forecast to
2028 To know about the assumptions considered for
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ment Market Dynamics on of data-driven and
predictive maintenance
Military Vehicle Sustain Driver Increased
adopti The rising technology inte
gration and upgrades in military vehicles are
transforming the military vehicle
(/)
(https//www.marketsandmarkets.com/Market-Reports/
military-vehicle-electrification-market-
55451533.html)sustainment market. Modernizing
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become vital for
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n of advanced CsOeNnTsAoCrTsU,Sc(o/CmONmTAuCnTicU
aS.tAioSnP) systems, and AI-driven analytics to
enhance situational awareness and decision-making
capabilities. The integration of unmanned aerial
systems (UAS) with ground vehicles offers better
reconnaissance and surveillance
(https//www.marketsandmarkets.com/Market-Reports/
video-surveillance-market-645.html)
capabilities, reducing the risk to human
operators and providing real-time intelligence.
One of the key trends in military vehicle
sustainment is the integration of advanced
technology to improve vehicle performance,
efficiency, and overall survivability. These
integration and upgrades for military vehicle
sustainment offers benefits like Improved
reliability and availability of vehicles, reduced
time and cost of repairs, improved safety of
personnel, increased readiness of forces, and
enhanced mission effectiveness.
Restraints High cost and Maintenance time for
Fleet modernization Fleet modernization is
crucial for enhancing military vehicle
capabilities, extending service life, and meeting
evolving operational requirements. It involves
upgrading, retrofitting, and, in some cases,
replacing vehicles in a fleet to ensure they
remain effective, reliable, and mission-ready.
Fleet modernization also involves replacing
outdated military vehicles with new ones. Fleet
modernization includes proper availability of
spare parts and maintenance support as new
vehicles may use different parts and systems than
older vehicles, which can make it difficult to
find spare parts and maintenance support. The
process of modernization can be complex and
expensive, making it difficult for the military
to afford the modernization of their entire
fleet. This leads to delays in repairs and can
increase the cost of sustainment. The transition
from old to new vehicles can also be troublesome
to military operations as for new vehicles it may
require training and stimulation for military
personnel. This can take time and resources, and
it can impact the readiness of forces. It is
important to modernize the fleet to ensure that
the military has the most capable and reliable
vehicles. Fleet modernization includes the
integration of advanced technologies. It
involves incorporating communication systems,
sensors, and data analytics tools to improve
situational awareness, communication
capabilities, and overall vehicle
performance. Opportunities Use of autonomous
systems The military vehicle sustainment market
is growing due to increased research and
development in fully autonomous systems by
leading service providers and system developers
worldwide. The increased use of autonomous
systems in military vehicle will significantly
transform the technological shift in military
organizations, allowing for more efficient fleet
operation and maintenance. The integration of
autonomous systems in military vehicle
sustainment enhances mission readiness and
improves maintenance processes. Autonomous
systems are streamlining the process of spare
parts provisioning for the logistics and supply
chain (https//www.marketsandmarkets.com/Market-R
eports/supply-chain-analytic-market-139106911.html
) aspect of military vehicle sustainment.
Autonomous drones and robots are being utilized
to deliver critical spare parts to military
units in remote or challenging environments,
reducing lead times and improving logistics
efficiency. The increased use of autonomous
systems in military vehicle sustainment
represents a technological advancement that is
revolutionizing military vehicle upkeep.
Autonomous hardware systems and autonomous
software solutions play a prominent role in
enhancing the efficiency, effectiveness, and
safety of military vehicle sustainment
activities. By leveraging predictive maintenance,
autonomous inspections, and streamlined logistics,
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o improving readiness, cost savings, and overall
effectiveness in maintaining military tems will
likely play an increasingly integral role in
military vehicle sustainment for of modern armed
forces.
these systems contribute t vehicles. Autonomous
sys enhancing the capabilities
(/) Challenges Lack in resource
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when it comes to CONTACT US (/CONTACTUS.ASP) alloc
ating sufficient resources to support the
maintenance, repair, and modernization of their
military vehicle fleets. Military vehicles,
particularly advanced platforms like tanks, heavy
tactical vehicles , and other combat vehicles
require specialized expertise, advanced
technology, and high-quality spare parts for
effective maintenance and upgrades. One of the
primary issues contributing to this resource
allocation shortfall is budget constraints. The
funds available for sustainment activities may
not be appropriate with the scale and complexity
of modern military vehicles due to limited
budget competing priorities, economic conditions,
and political considerations. This can lead to
delayed maintenance, reduced readiness levels,
and increased operational risks.. These resources
often come at a premium, and if budgets are not
adjusted accordingly, the sustainment efforts can
suffer for military vehicles. Defense
organizations mostly focus on short-term
objectives and immediate needs, neglecting the
importance of long-term planning. Military
Vehicle Sustainment Market Ecosystem Companies
that provides services Military Vehicle
Sustainment, includes government firms,
industries as key stakeholders in Military
Vehicle Sustainment Market. Investors, funders,
academic researchers, integrators, service
providers, and licensing authorities are the
major influencers in this market. Prominent
companies in this market include Rheinmetall AG
(Germany), BAE Systesms (UK), Gneral Dynamics
Corporation (US), Elbit Systems Ltd. (Israel),
and Oshkosh Corporation (US).
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pe, the Armored Personnel Carrier segment is
estimated to grow at highest rate od. , the
Armored Personnel Carrier is estimated to grow at
highest rate. To keep Armored P(/)ersonnel
Carriers operational regular maintenance is
essential, including preventive maintenance to
identify and address issues before they become
major problems, and corrective maintenance to fix
any damage. Armored HpOeMrEso(/)nnAeBl
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kteiotsn.coinm/csiognminb.aastp)situations.
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EeRoS p(/eCAraRtEioERn.aASl Pre) adiness,
longevity,
Based on the Vehicle Ty during the forecast
peri Based on the Vehicle type
CONTACT US (/CONTACTUS.ASP)
and effectiveness of military vehicle.
Based on End User, the Army is anticipated to
dominate the market. Based on the End User, the
Army holds the largest market share. Army uses
ground vehicles like armored personnel carriers
(APCs), tanks, and transport vehicles. The Army
maintains huge fleet of these vehicles that
require constant upkeep, maintenance, and
logistical support. Military vehicle sustainment
services includes maintenance, spare parts
procurement, training for vehicle operators and
maintainers, and upgradation. Due to more number
of active fleet in operational the need for
sustainment services rises in the Army to drive
the military vehicle sustainment market. The
Asia Pacific market is projected to dominate
Military Vehicle Sustainment market. Asia Pacific
is projected to dominate the Military Vehicle
Sustainment market during the forecast period.
India is projected to show highest growth rate
for the Military Vehicle Sustainment market in
Asia Pacific. The domination of the Military
Vehicle Sustainment market in Asia Pacific can be
attributed by the rapid modernization of military
vehicles in the region. The Military Vehicle
Sustainment market in India is predicted to
develop and evolve in future years, owing to the
privatization in military vehicle sustainment
services.
Military Vehicle Sustainment Markett by Region To
know about the assumptions considered for the
study, download the pdf brochure (https//www.mark
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Key Market Players The Military Vehicle Susta
vehicle-sustainment-mark
inment companies (https//www.marketsandmarkets.co
m/ResearchInsight/military- et.asp) is dominated
by a few globally established players such as The
Rhienmetall AG ((/G) ermany), BAE Systems (UK),
General Dynamics Corporation (US), Elbit Systems
Ltd. (Israel), and Oshkosh Corporation (US) are
some of the leading players operating in the
Military Vehicle Sustainment market they are
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government and CONTACT US (/CONTACTUS.ASP) defense
.
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Scope of the Report
Report Metric
Details
Market size available for years
20202022
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2022 2023-2028
Base year considered Forecast period
(/)
Forecast units HOME (/) ABOUT US
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Value (USD Billion)
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COSNeTAgCmT eUnS t(/sCOCNoTAvCeTrUeSd.ASP)
By Vehicle Type, By Service, By End User
Geographies covered
North America, Europe, Asia Pacific, Rest of the
World
Rheinmetall AG (Germany), BAE Systems (UK),
General Dynamics Corporation (US), Elbit Systems
Ltd. (Israel), and Oshkosh Corportaion (US) and
among others.
Companies covered
Military Vehicle Sustainment Market
Highlights The study categorizes Military Vehicle
Sustainment market based on Forecast Type,
Purpose, Industry,Organisation Size, and
Region. Segment Subsegment
Armored Vehicles Military Trucks
By Vehicle Type
Maintenance, Repair, and Overhaul (MRO Training
and Support Parts and Components Supply Upgrades
and Modernization
By Service
Army Navy Air Force
By End User
North America Asia Pacific Europe Rest of the
World
By Region
Recent Developments In June 2023, Rheinmetall AG
- Rheinmetall AG presented a new solution for
the mobile production of spare parts for
military vehicles. The Mobile Smart Factory (MSF)
offers metal 3D printing and postprocessing
capabilities and is fully integrated into
Rheinmetalls IRIS (Integrated Rheinmetall
Information System) digital ecosystem. In June
2022, General Dynamics Corporation - General
Dynamics Corporation demonstrated Autonomous
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wouirlluosepotifmcoizokeiees q. Muiopreminefont
performance and
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readiness to reduce the military's cost of
ownership of vehicle fleets. uestions (FAQs)
Addressed by the Report (/) Which are the major
companies in the Military Vehicle Sustainment
market? What are their major
increase operational Frequently Asked Q
strategies to strengthen their market presence?
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.AsSaP)nd opportunities for the Military Vehicle
Sustainment market? Which region is expected to
grow at the highest rate in the next five years?
What is the CAGR of the Military Vehicle
Sustainment Market? Which segment to show
highest CAGR of the Military Vehicle Sustainment
Market? To speak to our analyst for a
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