Over the last decade, the defense industry has been witnessing a massive transformation owing to the increasing development of technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (MI). The increased need for efficiency and accuracy, rising labor cost, and unavailability of skilled labor have shifted the focus of enterprises from conventional defense system to a modernized artificial intelligence-based defense system. The market is undergoing a major transformation with varied applications of autonomous vehicles for various roles in defense, such as in explosive ordinance disposal, intelligence, surveillance, and reconnaissance, mine clearance, combat support, and firefighting. Developments in the field of electric and hybrid engines can be a turning point in the growth of ground defense system. The market has considerably evolved in developed regions such as North America and Europe and is gaining popularity in geographies such as the Asia-Pacific and Middle East and Africa (MEA). However, it is experiencing extensive growth because of various aspects such as capability, capacity, connectivity, tele-operation, and surveillance.
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There has been a significant development in the modernization of ground defense systems which increase the mobility, survivability, and lethality of ground defense vehicles. This is primarily due to the rising inflow of defense budgets across the globe on account of increasing extent of conflicts among various countries. In defense and security application, the ground defense systems are used for combat, logistic & transportation, search & rescue explosive ordinance disposal, intelligent, surveillance & reconnaissance, mine clearance, firefighting, engineering and recovery support. Ground defense vehicles such as main battle tanks, infantry fighting vehicles, self-propelled artillery, multiple launch rocket systems, armored personnel carrier, mine resistant ambush protected vehicles, tactical armored vehicles, light utility vehicles, amphibious and military engineering vehicles are the major types of vehicles which comprise different kinds of electronic and mechanical systems for optimum operation. These vehicles are capable of handling various activities that include combat capabilities, cognitive capabilities, sensing emotion, intelligence, and surveillance & reconnaissance.
The need for enhanced border security due to issues related to increasing land disputes, migration, and smuggling, has obligated several countries to further strengthen their security. This has led to the increase in the demand of advanced combat and support vehicles which provide enhanced situational awareness to the soldiers so as to have a competitive edge over the opponents. With recent developments in artificial intelligence and machine learning, manned and unmanned ground vehicles are becoming available at a reliable cost.
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The prominent players in the ground defense system market adopted strategies of product launches, mergers and acquisitions, partnerships and collaborations, contracts and other strategies to expand their business. The companies are also involved in some of the other developments that include demonstration, integration, and business expansion. Due to the intensive competition, the ground defense system industry requires manufacturers to constantly innovate and develop cost-effective products. The existing companies as well as new entrants, which aim to develop next-generation solutions in adherence with the existing and forthcoming industry standards for various end user applications. The market is likely to grow rapidly with the innovations in the fields of artificial intelligence, machine learning, robotics and autonomous unmanned vehicles which offer longer endurance and higher efficiency.
UPCOMING INDUSTRY TRENDS 