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Cost-Effective, Automated, and Sustainable Capabilities Drive Industry Innovation
02-May-2024
Global
Market Research
PF63-01-00-00-00
AE_2024_709
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.
The Impact of the Top 3 Strategic Imperatives on the US Defense Ground Vehicle Industry
Geopolitical Chaos
Why:
- Threat perceptions among the United States and its allies are heightening at an unprecedented rate due to ongoing armed conflicts.
- Defense spending is projected to increase. However, the 2024 presidential election may impact procurement objectives.
Frost Perspective:
- Modifications and upgrades on legacy ground vehicles will focus on enhancing lethality, navigation and communication systems.
- R&D activities will likely concentrate on autonomy, quantum technology, and directed energy to support multi-domain operations and improve survivability and reliability in diverse terrains.
Transformative Megatrends
Why:
- The Army’s ground vehicle procurement is trending toward integrating lightweight, sustainable, and cost-effective solutions.
- Additive manufacturing presently supports prototyping, testing, and manufacturing new components. Its growing adoption will have implications on the supply chains.
Frost Perspective:
- The establishment of the Army’s Additive Manufacturing Commercialization Center (AMCC) will support advancements in additive manufacturing, including printing capabilities and composite materials.
- The Army plans to commercialize additive manufacturing capabilities, which may support non-traditional defense companies’ participation.
Industry Convergence
Why:
- Advancements in remotely or optionally manned and fully autonomous ground vehicles will necessitate robotics, artificial intelligence, sensors, and networking. This will create value chain opportunities, such as for cybersecurity, simulation, training, and modeling.
Frost Perspective:
- The emphasis on open-architectural systems for next-generation ground vehicles will support collaborations among academia, small and medium businesses, large defense companies, and start-ups.
- The vulnerability of autonomous systems to cyberattacks will require frequent maintenance and upgrades.
Scope of Analysis
- The study explores the military ground vehicles industry in the United States. Based on vehicle type, the industry is categorized into five segments:
- The study analyzes related contracts awarded in the FY2023 and FY2024 Department of Defense (DoD) budget request to:
- The study explores and highlights emerging technological trends, industry drivers and restraints, and opportunities projected to support industry growth during the study period.
Defense Ground Vehicles: Product Segmentation
Defense Ground Vehicles Industry
AFV
In this study, the AFV segment encompasses:
- Abrams Tank
- Bradley Fighting Vehicle
- Stryker family of vehicles (FoV)
- Light Armored Vehicle FoV
- Armored Multi-Purpose Vehicle (AMPV)
- Optionally Manned Fighting Vehicle (OMFV)
ACV
The ACV segment includes:
- Mobile Protected Firepower ACV-Personnel (ACV-P) and ACV-Command (ACV-C) variants
- Next-Generation Combat Vehicle technology
FTV
The FTV segment analysis includes:
- Joint Light Tactical Vehicle (JLTV)
- Family of Heavy Tactical Vehicles
- Family of Medium Tactical Vehicles
- Tactical Unmanned Ground Vehicle
- Common Tactical Truck
Specialized Vehicles
Specialized vehicles are modified for military use. These include:
- Rough Terrain Container Handler
- Heavy Equipment Recovery Combat Utility Lift and Evacuation Systems
- Trailers
- Dump trucks
- Construction and material handlers
- Rescue and recovery vehicles
VCDR
VCDR encompasses vehicles for specific common or uncommon roles, including:
- Cargo and utility vehicles
- Passenger carrying vehicles
- Base maintenance support vehicles
- Transport trucks
- Emergency response vehicles
Competitive Environment
| Number of competitors | 19 |
| Competitive factors | Cost, modularity, performance, technology, reliability, schedule, support services |
| Key end-user industry verticals | Manufacturing, automotive, maintenance, repair, and overhaul (MRO), energy, automation and robotics, aerospace and defense |
| Leading competitors (including aftermarket participants) | AM General, BAE Systems, DSC Corp |
| Contract share of top 3 competitors (FY2023) | 68.1% |
| Other notable competitors (including aftermarket participants) | General Dynamics, Oshkosh Defense, American Rheinmetall Vehicles, Ricardo Defense, Mac Defense, RENK America, Taylor Defense Products, Rolls-Royce Solutions America Inc, MDT Armor |
| Distribution structure | OEMs, direct sales through OEM affiliates, foreign military sales |
Key Competitors by Segment
- BAE Systems
- General Dynamics
- American Rheinmetall Vehicles
- RENK America
- Allison Transmission
- US Hardware Supply
- Worldwide Equipment
- BAE Systems
- General Dynamics
- Rolls-Royce Solutions America Inc
- AM General
- Oshkosh Defense
- Ricardo Defense
- MDT Armor
- CE Niehoff & Co
- Mack Defense
- Oshkosh Defense
- Taylor Defense Products
- BAE Systems
- BAE Systems
- International Armored Group
- Oshkosh Defense
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the US Defense Ground Vehicle Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Defense Ground Vehicles: Product Segmentation
Key Competitors by Segment
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Spending and Unit Procurement Forecast
Spending Forecast by Segment
Unit Procurement Forecast by Segment
Spending and Units Forecast Analysis
Competitive Environment
Revenue Share Analysis
Revenue Share Analysis (continued)
Competitive Analysis: Defense Ground Vehicles
Competitive Analysis: Defense Ground Vehicles (continued)
Competitive Analysis: Defense Ground Vehicles Aftermarket
Competitive Analysis: Defense Ground Vehicles Aftermarket (continued)
Growth Metrics
Spending and Unit Procurement Forecast
Forecast Analysis
Growth Metrics
Spending and Unit Procurement Forecast
Forecast Analysis
Growth Metrics
Spending and Unit Procurement Forecast
Forecast Analysis
Growth Metrics
Spending and Unit Procurement Forecast
Forecast Analysis
Growth Metrics
Spending and Unit Procurement Forecast
Forecast Analysis
Growth Opportunity 1: Training and Simulation
Growth Opportunity 1: Training and Simulation (continued)
Growth Opportunity 2: Hybridization and Electrification
Growth Opportunity 2: Hybridization and Electrification (continued)
Growth Opportunity 3: Robotics and Autonomy
Growth Opportunity 3: Robotics and Autonomy (continued)
Conclusion
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Defense Ground Vehicles: Growth Metrics, US, FY2023
- Defense Ground Vehicles: Growth Drivers, US, FY2024–FY2028
- Defense Ground Vehicles: Growth Restraints, US, FY2024–FY2028
- Defense Ground Vehicles: Spending and Unit Procurement Forecast, US, FY2023–FY2028
- Defense Ground Vehicles: Spending Forecast by Segment, US, FY2023–FY2028
- Defense Ground Vehicles: Unit Procurement Forecast by Segment, US, FY2023–FY2028
- Defense Ground Vehicles: Spending by Department, US, FY2023–FY2028
- Defense Ground Vehicles: Competitive Environment, US, FY2023
- Defense Ground Vehicles: Revenue Share of Top Participants, US, FY2023
- Defense Ground Vehicles: Top 7 Contractors, US, FY2023
- Defense Ground Vehicles: Top Contractors, US, FY2023
- Defense Ground Vehicles: Aftermarket Offerings, US, FY2023
- Defense Ground Vehicles: Top Aftermarket Participants, US, FY2023
- ACV Segment: Growth Metrics, US, FY2023
- ACV Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028
- ACV Segment: Spending, US, FY2023–FY2028
- ACV Segment: Major Programs, US, FY2023–FY2028
- AFV Segment: Growth Metrics, US, FY2023
- AFV Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028
- AFV Segment: Spending, US, FY2023–FY2028
- AFV Segment: Major Programs, US, FY2023–FY2028
- FTV Segment: Growth Metrics, US, FY2023
- FTV Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028
- FTV Segment: Spending, US, FY2023–FY2028
- FTV Segment: Major Programs, US, FY2023–FY2028
- Specialized Vehicles Segment: Growth Metrics, US, FY2023
- Specialized Vehicles Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028
- Specialized Segment: Spending, US, FY2023–FY2028
- Specialized Segment: Major Programs, US, FY2023–FY2028
- VCDR Segment: Growth Metrics, US, FY2023
- VCDR Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028
- VCDR Segment: Spending, US, FY2023–FY2028
- VCDR Segment: Major Programs, US, FY2023–FY2028
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| Deliverable Type | Market Research |
|---|---|
| Author | Shreya Khakurel |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Us Defense Ground Vehicle |
| Keyword 2 | Unmanned Ground Vehicles Market |
| Keyword 3 | Military Ground Vehicles |
| List of Charts and Figures | Defense Ground Vehicles: Growth Metrics, US, FY2023~ Defense Ground Vehicles: Growth Drivers, US, FY2024–FY2028~ Defense Ground Vehicles: Growth Restraints, US, FY2024–FY2028~ Defense Ground Vehicles: Spending and Unit Procurement Forecast, US, FY2023–FY2028~ Defense Ground Vehicles: Spending Forecast by Segment, US, FY2023–FY2028~ Defense Ground Vehicles: Unit Procurement Forecast by Segment, US, FY2023–FY2028~ Defense Ground Vehicles: Spending by Department, US, FY2023–FY2028~ Defense Ground Vehicles: Competitive Environment, US, FY2023~ Defense Ground Vehicles: Revenue Share of Top Participants, US, FY2023~ Defense Ground Vehicles: Top 7 Contractors, US, FY2023~ Defense Ground Vehicles: Top Contractors, US, FY2023~ Defense Ground Vehicles: Aftermarket Offerings, US, FY2023~ Defense Ground Vehicles: Top Aftermarket Participants, US, FY2023~ ACV Segment: Growth Metrics, US, FY2023~ ACV Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028~ ACV Segment: Spending, US, FY2023–FY2028~ ACV Segment: Major Programs, US, FY2023–FY2028~ AFV Segment: Growth Metrics, US, FY2023~ AFV Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028~ AFV Segment: Spending, US, FY2023–FY2028~ AFV Segment: Major Programs, US, FY2023–FY2028~ FTV Segment: Growth Metrics, US, FY2023~ FTV Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028~ FTV Segment: Spending, US, FY2023–FY2028~ FTV Segment: Major Programs, US, FY2023–FY2028~ Specialized Vehicles Segment: Growth Metrics, US, FY2023~ Specialized Vehicles Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028~ Specialized Segment: Spending, US, FY2023–FY2028~ Specialized Segment: Major Programs, US, FY2023–FY2028~ VCDR Segment: Growth Metrics, US, FY2023~ VCDR Segment: Spending and Unit Procurement Forecast, US, FY2023–FY2028~ VCDR Segment: Spending, US, FY2023–FY2028~ VCDR Segment: Major Programs, US, FY2023–FY2028~ |
| Podcast | No |
| WIP Number | PF63-01-00-00-00 |
US Defense Ground Vehicle Industry Growth Opportunities
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