Land military is one of the basic forms of border defense of a country. Military land vehicles have been growing at a rapid pace due to increasing purchases by the emerging economies with large population who need increased land-protection. However, the military land vehicles market is expected to grow at a sluggish rate in the short term due to austerity in several major markets. The economic slowdown in Europe is another factor for the low growth in the short term. The traditional markets for military land vehicles such are the U.S. are mostly up-grading and maintaining their existing military fleets rather than replacing them with the new ones.
The expected cuts in the U.S. vehicle programs are expected to lead to a slowdown of military land vehicles market in the region in the short term. The major land military vehicles of the U.S. include Stryker program, MI I3 replacement, Abrams/Bradley/Paladin Capability enhancement, Ground Combat Vehicle JLTV and FMTV. The major land vehicles owned by other countries include FRES, OUVS, Warrior & Challenger (the U.K.), Boxer (Netherlands), Future AIFV (Spain), PUMA AIFV (Germany), Freccia (Italy), Strategic Military Program (Brazil), Altay MBT (Turkey), K21 AIFV and K2 MBT (South Korea), Abrams Tank up-gradation (Iraq), Future MBT and Abhay (India), Land 121 and Project Overlander (Australia), Project Vistula, Sepula, Hoefyster (South Africa), TSS MBT up-gradation (Peru) and Main battle tank (Columbia) .
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