Main Battle Tank Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Main Battle Tank Market
The Main Battle Tank market size was valued at USD 5.35 billion in 2022, and the market is now projected to grow from USD 5.54 billion in 2023 to USD 6.90 billion by 2030, exhibiting a CAGR of 3.2% during the forecast period of 2023-2030.
The outbreak of COVID-19, however, affected the Main Battle Tank market with supply chain delays, production halts, and budget reallocations. Yet a redirection of defense spending towards response to such pandemic has affected the procurement and development timelines even if with later continuity in strategic priorities. Efforts towards recovery aim at stabilizing supply chains and resuming production to meet defense requirements Main Battle Tank market growth.
Countries are buying more Main Battle Tanks market share in response to escalating disputes along borders. They would like to develop tanks of new generation that will add more power to their military forces. Such tanks as General Dynamics’ Abrams are in great demand; that is why this company makes huge profits on selling them to foreign customers such as Kuwait as well as Australia among others.
Main battle tank character has shrunk due to urban warfare incidents in the last thirty years, which were exemplified by heavy losses experienced in Iraq, Syria, Afghanistan and Ukraine emphasizing some lessons concerning their relevance in town battles. This has seen a number of nations speeding up their ability to engage distant peer targets using heavy armor on the battlefield while they maintain its effectiveness.
Comprehensive Main Battle Tank Market
The Main Battle Tank market is growing at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Component Analysis, by Weight Analysis, by Solution Analysis. The Component Analysis includes turret system, internal combustion engine, wheel & tracks, situational awareness, weaponry systems, and others. The Weight Analysis includes Light Weight, Medium Weight, and Heavy Weight. The Solution Analysis includes line fit and retro fit.
The Asia Pacific area lead the Main Battle Tank market with the resource of estimate a market size of USD 1.78 billion in 2022 due to the border and geopolitical conflicts, India, Indonesia, Bangladesh, Thailand, and Pakistan are increasing their procurement plan.
The top players in the market play a crucial role in the Aerospace & Defence industry assuring industrial prospectus development and setting market standards. These players include, General Dynamics Corporation (U.S.), BAE Systems plc (U.K.), Hyundai Rotem (South Korea), BMC (Turkey), Nexter Systems (France), Rheinmetall AG (U.S.), Israel Military Industries (Israel), Mitsubishi Heavy Industries (Japan), Krauss-Maffei Wegmann GmbH and Co. KG (Germany), Safran (U.S.) these market players provide a competitive landscape.
In February 2024, The Indian army initiated a project to acquire 350 light tanks with a contract value of USD 1932.5 million. The breakthrough demonstration will probably come in less than five years.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 3.2% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Component
Turret System
Internal Combustion Engine
Wheel & Tracks
Situational Awareness
Weaponry Systems
Others (Fuel Tanks, Optronics Mast, Bore, Suspension, Smoke System, Transmission System)
By Weight
Light Weight
Medium Weight
Heavy Weight
By Solution
Line Fit
Retro Fit
By Region
North America (By Component, By Weight, By Solution, and By Country)
- U.S. (By Solution)
- Canada (By Solution)
Europe (By Component, By Weight, By Solution, and By Country)
- U.K. (By Solution)
- Germany (By Solution)
- Italy (By Solution)
- Russia (By Solution)
- Poland (By Solution)
- Northern Europe (By Solution)
- Rest of Europe (By Solution)
Asia Pacific (By Component, By Weight, By Solution, and By Country)
- China (By Solution)
- India (By Solution)
- Japan (By Solution)
- South Korea (By Solution)
- North Korea (By Solution)
- Southeast Asia (By Solution)
- Rest of Asia Pacific (By Solution)
Middle East (By Component, By Weight, By Solution, and By Country)
- Turkey (By Solution)
- Israel (By Solution)
- Iran (By Solution)
- Saudi Arabia (By Solution)
- Rest of Middle East (By Solution)
Africa (By Component, By Weight, By Solution, and By Country)
- Ethiopia (By Solution)
- Egypt (By Solution)
- Algeria (By Solution)
- Nigeria (By Solution)
- Morocco (By Solution)
- Rest of Africa (By Solution)
Latin America (By Component, By Weight, By Solution, and By Country)
- Argentina (By Solution)
- Brazil (By Solution)
- Rest of Latin America (By Solution)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Supporting Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Passive Optical Network (PON) Market Key Players Market Share Insights and Analysis, 2022
- 5. Global Passive Optical Network (PON) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Type (USD)
- 5.2.1. EPON
- 5.2.2. GPON
- 5.2.3. Others
- 5.3. By Component (USD)
- 5.3.1. Optical Line Terminal (OLT)
- 5.3.2. Optical Network Terminal (ONT)
- 5.3.3. Optical Distribution Network (ODN)
- 5.4. By Application (USD)
- 5.4.1. FTTX
- 5.4.1.1. FTTH
- 5.4.1.2. FTTB
- 5.4.1.3. FTTP
- 5.4.2. Mobile Backhaul
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia-Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East and Africa
- 6. North America Passive Optical Network (PON) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Type (USD)
- 6.2.1. EPON
- 6.2.2. GPON
- 6.2.3. Others
- 6.3. By Component (USD)
- 6.3.1. Optical Line Terminal (OLT)
- 6.3.2. Optical Network Terminal (ONT)
- 6.3.3. Optical Distribution Network (ODN)
- 6.4. By Application (USD)
- 6.4.1. FTTX
- 6.4.1.1. FTTH
- 6.4.1.2. FTTB
- 6.4.1.3. FTTP
- 6.4.2. Mobile Backhaul
- 6.5. By Country (USD)
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Passive Optical Network (PON) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Type (USD)
- 7.2.1. EPON
- 7.2.2. GPON
- 7.2.3. Others
- 7.3. By Component (USD)
- 7.3.1. Optical Line Terminal (OLT)
- 7.3.2. Optical Network Terminal (ONT)
- 7.3.3. Optical Distribution Network (ODN)
- 7.4. By Application (USD)
- 7.4.1. FTTX
- 7.4.1.1. FTTH
- 7.4.1.2. FTTB
- 7.4.1.3. FTTP
- 7.4.2. Mobile Backhaul
- 7.5. By Country (USD)
- 7.5.1. Germany
- 7.5.2. France
- 7.5.3. U.K.
- 7.5.4. Italy
- 7.5.5. Russia
- 7.5.6. Rest of Europe
- 8. Asia-Pacific Passive Optical Network (PON) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Type (USD)
- 8.2.1. EPON
- 8.2.2. GPON
- 8.2.3. Others
- 8.3. By Component (USD)
- 8.3.1. Optical Line Terminal (OLT)
- 8.3.2. Optical Network Terminal (ONT)
- 8.3.3. Optical Distribution Network (ODN)
- 8.4. By Application (USD)
- 8.4.1. FTTX
- 8.4.1.1. FTTH
- 8.4.1.2. FTTB
- 8.4.1.3. FTTP
- 8.4.2. Mobile Backhaul
- 8.5. By Country (USD)
- 8.5.1. China
- 8.5.2. Japan
- 8.5.3. South Korea
- 8.5.4. India
- 8.5.5. Australia
- 8.5.6. Taiwan
- 8.5.7. Indonesia
- 8.5.8. Thailand
- 8.5.9. Malaysia
- 8.5.10. Philippines
- 8.5.11. Vietnam
- 8.5.12. Rest of Asia-Pacific
- 9. Latin America Passive Optical Network (PON) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Type (USD)
- 9.2.1. EPON
- 9.2.2. GPON
- 9.2.3. Others
- 9.3. By Component (USD)
- 9.3.1. Optical Line Terminal (OLT)
- 9.3.2. Optical Network Terminal (ONT)
- 9.3.3. Optical Distribution Network (ODN)
- 9.4. By Application (USD)
- 9.4.1. FTTX
- 9.4.1.1. FTTH
- 9.4.1.2. FTTB
- 9.4.1.3. FTTP
- 9.4.2. Mobile Backhaul
- 9.5. By Country (USD)
- 9.5.1. Mexico
- 9.5.2. Brazil
- 9.5.3. Argentina
- 9.5.4. Rest of Latin America
- 10. Middle East and Africa Passive Optical Network (PON) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Type (USD)
- 10.2.1. EPON
- 10.2.2. GPON
- 10.2.3. Others
- 10.3. By Component (USD)
- 10.3.1. Optical Line Terminal (OLT)
- 10.3.2. Optical Network Terminal (ONT)
- 10.3.3. Optical Distribution Network (ODN)
- 10.4. By Application (USD)
- 10.4.1. FTTX
- 10.4.1.1. FTTH
- 10.4.1.2. FTTB
- 10.4.1.3. FTTP
- 10.4.2. Mobile Backhaul
- 10.5. By Country (USD)
- 10.5.1. Turkey
- 10.5.2. Saudi Arabia
- 10.5.3. U.A.E
- 10.5.4. Rest of Middle East and Africa
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Huawei Technologies Company
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. TP-Link Technologies Company Ltd
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. Nokia Telecommunication Company
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Ciena Telecommunications Company
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. Ericsson Group
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. Calix Inc
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. ZTE Corporation
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. ADTRAN Inc
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. Cisco Systems Inc
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. Infinera Corporation
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
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