In 2023, the business enterprise R&D expenditure in Italy for the manufacture of military fighting vehicles was below EUR 17.5 million. In 2024, this is forecasted to jump to EUR 17.5 million, marking a foundation for continued growth through 2028. From 2024 to 2025, an increase of 4.86% is projected, followed by 4.52% from 2025 to 2026. A steady growth pattern persists with further increases of 4.22% in 2027 and 4% in 2028. The five-year compound annual growth rate (CAGR) is expected to average around 4.4%.
Future trends to watch for include technological advancements in military vehicle manufacturing, shifts in Italy’s defense policy impacting funding, and potential geopolitical factors influencing investment priorities within this sector.
