Mountain Warfare Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Canada, China, Germany, UK - Size and Forecast 2024-2028

Mountain Warfare Market 2024-2028

The mountain warfare market size is forecast to increase by USD 2.25 billion, at a CAGR of 8.92% between 2023 and 2028. The growth rate of the market depends on several factors, such as the rise in cross-border terrorist activities, the surge in military investments, and the electronic warfare systems gaining traction.

The report offers extensive research analysis on the Mountain Warfare Market, with a categorization based on Vehicle Type, including infantry fighting vehicles, armored personal carriers, armoured cars, and utility vehicles. It further segments the market by Type, encompassing small weapons, grenade/rocket/anti-tank missile systems, and mortars. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments. 

Mountain Warfare Market Forecasting

Mountain Warfare Market Forecast 2024-2028

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Mountain Warfare Market Dynamics

Our researchers studied the data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the mountain warfare market growth during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver - Surge in military investments

The global mountain warfare market is experiencing a significant surge in investments and is emerging as a major market driver that is revolutionizing the landscape of global defense procurement and technological development. In addition, with geopolitical tensions persisting in many countries and regions with difficult mountain terrain, countries are increasingly realizing the strategic value of improving their mountain warfare capabilities.

Moreover, this increased awareness is leading to significant investments in the development and acquisition of defense equipment and technologies specifically designed for mountain environments. For instance, India and China have been investing heavily in modernizing and expanding their mountain warfare capacities due to the complexity and ruggedness of their border regions. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.

Trends - Emergence of lightweight utility vehicles

One of the main factors fuelling lightweight utility vehicles in mountain warfare is mobility. In addition, mountain roads are often narrow and uneven, making it essential for military units to have vehicles that can maneuver such difficult terrain. Furthermore, light-duty vehicles, on the other hand, are known for their agility and maneuverability, making them ideal for mountain warfare.

Moreover, many countries have adopted light-weight vehicle procurement strategies. For example, the US military has invested in the design and procurement of light tactical assault vehicles (LTVs) that are specifically designed for mountain warfare. LTVs provide protection along with maneuverability, enabling quick deployment and reaction in mountainous environments. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.

Challenge - High cost of high-altitude battle tanks

The design and development of high-altitude battle tanks need sufficient time, money, and technical know-how. In addition, the high-altitude battle tank is equipped with a propulsion system that allows it to move toward its target. These tanks are used by the infantry for fire support. Furthermore, the high-altitude battle tank's unique capabilities, including high lethality, increased mobility, and sharp maneuverability at high altitudes, in turn, increase its cost.

Moreover, the high costs associated with developing advanced high-altitude battle tank technology pose a significant challenge to the growth of the armored vehicle market, especially for emerging countries such as India and China. In addition, the average cost of a high-altitude battle tank unit is around USD6 million. Furthermore, this cost increases with the advanced specifications of the weapons installed on these tanks. Hence, such factors will hinder the growth of the global mountain warfare market during the forecast period.

Mountain Warfare Market Segmentation by Vehicle Type, Type, and Geography 

Vehicle Type Segment Analysis:

The infantry fighting vehicles segment is estimated to witness significant growth during the forecast period. The infantry fighting vehicle (IFV) segment is fuelled by the increased demand for IFVs due to their tactical advantage of providing direct fire support in addition to their ability to carry infantry units. In addition, several countries around the world are implementing various programs to significantly modernize their IFV fleets to improve their offensive and troop support capabilities.

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The infantry fighting vehicles segment was the largest segment and was valued at USD 1.06 billion in 2018. For instance, in August 2020, the Spanish Ministry of Defense announced a valuation of USD2.06 billion to deliver 348 8*8 Dragon Wheeled Combat Vehicles (VCRs). Such large-scale manufacturing programs are contributing to the growth of this segment. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Type Segment Analysis:

Based on the type, the segment is classified into small weapons, grenade/rocket/anti-tank missile systems, and mortars. The small weapons segment will account for the largest share of this segment. Some of the examples of small weapons that are designed to fulfill the unique demands of mountain warfare include handguns, submachine guns, and lightweight assault rifles. In addition, mountainous environments are harsh and merciless, and therefore, armed forces operating in such terrain need weapons that are not only lightweight and small but also extremely maneuverable. Moreover, this is where small weapons play a key role, giving military forces the agility and adaptability required to pass through difficult terrain and small, constricted areas. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Regional Analysis

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North America is estimated to contribute 51% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the mountain warfare market growth analysis during the forecast period.  The mountain warfare market in North America is fuelled by factors such as the need for equipment and technologies to improve mobility, survivability, and effectiveness for military forces operating in mountain environments.

In addition, major players in this region focus on the development and supply of specialized equipment, such as high-altitude clothing, light and ruggedized communications systems, specialized vehicles, and advanced navigation systems. Moreover, key players in the market include but are not limited to, companies such as Lockheed Martin Corp., Northrop Grumman Corp., and Raytheon Technologies Corp. Furthermore, government programs and defense budgets play an important role in determining the future of the North American mountain warfare market. Hence, such factors are driving the market growth in North America during the forecast period.

Who are the Major Mountain Warfare Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Airbus SE: The company offers mountain warfare system such as Spear EW that reduces overall mission costs and through life capability costs.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ASELSAN AS, BAE Systems Plc, BEML Ltd., China North Industries Group Corp. Ltd., Diehl Stiftung and Co. KG, DRDO, General Dynamics Corp., Hanwha Corp., Hindustan Aeronautics Ltd., L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Oshkosh Corp., Pelican Products Inc., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Thales Group, and The Boeing Co. 

Technavio mountain warfare market research report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The mountain warfare market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Vehicle Type Outlook 
  • Infantry fighting vehicles
  • Armored personal carriers
  • Armoured cars
  • Utility vehicles
• Type Outlook 
  • Small weapons
  • Grenade/rocket/anti-tank missile systems
  • Mortars
• Geography Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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What are the Key Data Covered in this Mountain Warfare Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the mountain warfare market between 2023 and 2028
• Precise estimation of the mountain warfare market growth and trends and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming mountain warfare market trends and analysis and changes in consumer behavior
• mountain warfare market growth and forecasting across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of mountain warfare market companies

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