Light Tactical Vehicle Market to Reach USD 17.42 Billion by 2032, Driven by Rising Global Defense Modernization Initiatives

The global Light Tactical Vehicle market is witnessing substantial growth as defense forces worldwide continue to prioritize mobility, agility, and survivability in their operations. According to the latest report by Market Intelo, the market was valued at USD 10.25 billion in 2024 and is projected to reach USD 17.42 billion by 2032, growing at a CAGR of 6.8% during the forecast period (2024–2032). Light tactical vehicles (LTVs) are increasingly essential for modern military missions, offering versatility across varied terrains and operational environments.

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