South America Military Rubber Tracks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Rubber Pin Track and Rubber Band Track) and End Use (Main Battle Tank, IFV/AIFV, APC, and Others)

The South America military rubber tracks market is expected to grow from US$ 5.24 million in 2021 to US$ 7.04 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

The military sector has experienced a rise in the adoption of unmanned military vehicles over the years. This includes adopting unmanned main battle tanks, unmanned armored personnel carriers, and unmanned armored fighting vehicles. The rising investment by companies in integrating rubber tracks on unmanned vehicles is expected to contribute to the market's growth. For instance, Armtrac Ltd incorporated heavy-duty rubber tracks in its Armtrac 20T C-IED Robot, which is a remote unmanned ground vehicle (UGV). Rubber tracks enable the vehicle to produce ground-bearing pressure of less than 5 pounds per square inch (PSI), which can be fitted in wider tracks for applications across soft terrain. Further, in October 2021, General Dynamics Land Systems demonstrated a version of its unmanned vehicles with lightweight metallic and rubber tracks. In the demonstration, the rubber tracks offered various advantages such as performance, maintenance, and logistics over traditional metallic tracks. Thus, constant investments by unmanned military vehicle manufacturers on rubber tracks are contributing to the market's growth.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM military rubber tracks market. The SAM military rubber tracks market is expected to grow at a good CAGR during the forecast period. 

SAM Military Rubber Tracks Market Revenue and Forecast to 2028 (US$ Million)

SAM Military Rubber Tracks Market Segmentation      

The SAM military rubber tracks market is segmented based on type, end use, and country. Based on type, the SAM military rubber tracks market is segmented into rubber pin track and rubber band track. The rubber pin track segment dominated the SAM military rubber tracks market in 2020. The rubber band track segment is expected to be the fastest-growing segment during the forecast period. Based on end use, the SAM military rubber tracks market is segmented into main battle tank, IFV/AIFV, APC, and others. The IFV/AIFV segment dominated the SAM military rubber tracks market in 2020, and the same segment is expected to be the fastest-growing segment during the forecast period. Based on country, the SAM military rubber tracks market has been segmented into Brazil and the Rest of SAM.      

Astrak UK Limited, DST Defence Service Tracks GmbH, GMT Rubber-Metal-Technic Ltd, LS MTRON LTD, and Soucy are among the leading companies in the SAM military rubber tracks market.

1. Astrak UK Limited
2. DST Defence Service Tracks GmbH
3. GMT Rubber-Metal-Technic Ltd
4. LS MTRON LTD
5. Soucy 

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