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Military Vehicle Sustainment Market Size

  • Report ID: GMI10332
  • Published Date: Jul 2024
  • Report Format: PDF

Military Vehicle Sustainment Market Size

Military Vehicle Sustainment Market was valued at USD 17 billion in 2023 and is anticipated to grow at a CAGR of over 5% between 2024 and 2032. Current trends in military vehicle sustainment emphasize on-demand production capabilities and advanced manufacturing technologies. There is a growing shift towards integrating mobile solutions that allow for on-site production of spare parts, enhancing logistical efficiency and reducing downtime. The adoption of additive manufacturing, particularly metal 3D printing, is becoming

 

increasingly prevalent, enabling rapid prototyping and customization of components. Additionally, the integration of digital ecosystems and smart technologies is facilitating real-time data management and connectivity, streamlining maintenance processes and improving operational readiness. Overall, these trends reflect a move towards more agile, efficient, and responsive sustainment strategies in the military sector.  
 

For instance, In June 2023, Rheinmetall, a military vehicle OEM, introduced an innovative solution for producing spare parts on-site. The Mobile Smart Factory (MSF), presented at an event by the European Defence Agency, features metal 3D printing and post-processing capabilities. Part of Rheinmetall’s IRIS digital ecosystem, the MSF comprises two 20-foot shipping containers: one serves as an office and the other as a production unit.
 

In military vehicle sustainment, the trend of managing an aging fleet and pursuing equipment modernization is increasingly prominent. As many military forces operate older vehicle models, there is a strong emphasis on implementing comprehensive maintenance programs to extend vehicle life while simultaneously investing in modernization efforts. This includes upgrading critical systems with advanced technology, enhancing capabilities, and integrating new components to improve performance and efficiency. These modernization initiatives often involve retrofitting existing vehicles with modern features, ensuring they meet current operational requirements without the high costs associated with acquiring entirely new fleets. This dual approach helps maintain operational readiness while addressing budget constraints and evolving mission demands.
 

The military vehicle sector is seeing continuous advancements in technology, including the introduction of advanced sensors, AI-driven diagnostics, and autonomous systems. Keeping pace with these innovations is essential for effective sustainment but poses a challenge as maintenance personnel must continuously learn and adapt. New technologies often require specialized training for maintenance personnel. Ensuring that all staff are adequately trained in the latest systems can be resource-intensive and logistically challenging, particularly when personnel turnover is high.

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Market size for military vehicle sustainment was USD 17 billion in 2023 and is expected to register over 5% CAGR from 2024-2032 owing to the rising on-demand production capabilities and advanced manufacturing technologies worldwide.

Military vehicle sustainment industry from the field-level maintenance segment is expected to register over USD 15 billion by 2032 due to this type of maintenance increasingly utilizing advanced diagnostic tools and portable equipment.

Asia Pacific industry is expected to record USD 10 billion by 2032 due to raising their defense budgets, leading to increased investments in military vehicle sustainment in the region.

Lockheed Martin Corporation, BAE Systems plc, Oshkosh Defense, LLC, General Dynamics Corporation, Northrop Grumman Corporation, Rheinmetall AG, and Hanwha Defense, are some of the major military vehicle sustainment companies worldwide.

Military Vehicle Sustainment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 438
  • Countries covered: 21
  • Pages: 220
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