Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Armored Vehicle Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Armored Vehicle Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Armored
Vehicle Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Armored Vehicle Market is offered. In accordance with the report, the global
Armored Vehicle Market is projected to
expand at a CAGR of 3.42% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Demand for MRAP vehicles is growingly rapidly among various military
organizations worldwide. The constant threat from improvised explosive devices
(IEDs) deployed by the extremist groups has compelled the military forces
including the United Nations and NATO peacekeeping troops to ensure minimum
casualty of human lives. This factor is expected to boost demand for MRAP vehicles
globally, especially in the countries across Europe, Asia Pacific (APAC) and
Rest of the World (RoW).
The transforming military operations from conventional
to asymmetric warfare has led to the deployment of armed troops in extreme
environmental situations. Moreover, the growing power of various terrorist
organizations has amplified the risks in military operations globally. Owing to
these factors, the demand for rugged vehicles and improved vetronics are
gaining importance among governments worldwide. The factor is expected to
continue boosting the demand for enhanced armed vehicles over the forecast
period. In order to improve modularity, the designs of the vehicles
encourage on factors such as resilience, adaptability, agility and MRO
expenses. The increasing demand for more powerful and well equipped vehicles
from military organizations is currently fuelling the adopting of advanced
technological improvements in the developing modern military vehicles. Various
technological developments such as mine protection, situational awareness,
electric armor, vehicle information integration and inter operable communication
among others are rapidly being integrated by the armored vehicle manufacturers
worldwide. Following this factor, the demand for development of enhanced
unmanned ground vehicles (UGVs) is also on a rise globally.
Civilian population in the developed and many developing nations
across the world are investing on security measures heavily. The increasing crime rates and threat of
insurgency fuels the transformation of civilian vehicles market. As a result,
the demand for armored commercial vehicles is growing at a tremendous pace
globally, especially in North America, Europe, Middle East and Asia Pacific.
The major consumers of armored commercial vehicles include, government
representatives, high profile corporate personnel, celebrities and other high
net worth individuals. The market for armored commercial vehicles is expected
to rise substantially over the forecast period, owing to the rising competition
among the manufacturers. Apart from the military organizations, armored
vehicles are gaining importance among civilians worldwide. The demand for
armored commercial vehicles is surging owing to factors such as increasing
concerns of personal safety during insurgent activities and constant security
challenges. Major consumer segment of the armored commercial vehicles market
comprise of government representatives, NGO’s, high profile corporate
personnel, celebrities and high net worth individuals among others. The
government personnel generally opt for B6 & B7 level of armoring while the
other end users mainly opt for the B4 level of armoring. The armored commercial vehicles manufacturers
include retro-fit and line-fit companies. Currently the major demand share for
armored commercial vehicles is accounted by Middle East and Asia. The demand
for retro-fit vehicles is on a surge in Middle East. For instance, Dubai
registered the entry of numerous retro-fit market players in the past few years
and the trend is expected to continue over the forecast period.
Moreover, the steep growth of the automotive sector worldwide also
fuels growth of the market for armored commercial vehicles market. Trending
rapid growth in demand for armored vehicles by civilians, various original
equipment manufacturers in the automotive segment are expanding their armored
vehicle portfolios globally. For example, in 2014, Mercedes launched the
M-Guard. Following which, in 2015, Range Rover introduced the Sentinel. Furthermore,
various user friendly government rules are boosting the demand for armored
commercial vehicles globally. For example, in Brazil, no government restriction
is imposed for procurement of armored vehicle with B4 level protection. Similar
governmental policies are also applicable in countries such as Iran, Yemen and
Jordan among others. Owing to these factors, the market for armored commercial
vehicles is growing at a substantial pace over the forecast period. With the
increasing application of network centric military operations and growing
initiatives for military modernization, defense contractors and technology
providers are continually adopting new technologies for development of enhanced
armored vehicles. Various military vehicles such as light protected vehicles,
armored amphibious vehicles, infantry fighting vehicles, armored personnel
carriers and others are being refurbished by military organizations in order to
improve command, control, communication, computers, intelligence, surveillance
and reconnaissance (C4ISR) efficiency for the troops. The procurement of new
vehicles is expected to slow down by the end of the short term (2015 – 2017) of
the forecast period; however, investments on retrofit vehicles and new research
initiatives are expected to grow significantly worldwide. Owing to this
factors, the demand for enhanced armored vehicles is rising steadily year on
year in the regions. Moreover, following the growing emphasis on development of
versatile mission-capable ground vehicles by military organizations, the market
for armored vehicles is expected to experience a significant boost over the
forecast period from 2019 to 2027.
Segment Covered:
This market
intelligence report on the global Armored Vehicle Market encompasses market segments based on platform, mobility, system and country
In terms of platform, the Armored Vehicle Market is segregated
into:
·
Combat Vehicles
o Main Battle
Tanks (MBTs)
o Infantry
Fighting Vehicles (IFVs)
o Armored
Personnel Carriers (APCs)
o Armored
Amphibious Vehicles (AAVs)
o Mine-resistant
Ambush Protected (MRAP)
o Light Protected
Vehicles (LPVs)
o Self-propelled
Howitzers
o Air Defense
Vehicles
o Armored Mortar
Carriers (AMCs)
·
Combat Support
Vehicles
o Armored Supply
Trucks
§ Armored Fuel
Trucks
§ Armored
Ammunition Replenishment
Vehicles
§ Armored
Ambulances
o
Armored Command
and Control
Vehicles
o
Repair and
Recovery Vehicles
o
Others
(Bridge-laying Tanks and Mine Clearing
Vehicles)
·
Unmanned Armored
Ground Vehicles
By mobility, Armored Vehicle Market is segregated into:
·
Wheeled
o
4x4
o
6x6
o
8x8
o
Others
·
Tracked
By system, Armored
Vehicle Market is segregated into:
·
By Engines
o
Diesel
Engines
o
Turbine
Engines
·
By Drive
Systems
o
Power
Transmission Drives
o
Suspension and
Braking Systems
o
Tracks and
Wheels
·
Ballistic
Armor
o
Composite
Armor
o
Explosive
Reactive
Armor
o
Electric Armor
o
Homogenous
Armor
o
Depleted Uranium
Armor
o
Add-on
Armor
o
Others (Wire
Cage Armor and Slat Armor)
·
Turret
Drives
·
Ammunition
Handling
Systems
·
Fire Control
Systems
·
Armaments
·
Countermeasure
Systems
·
Command &
Control (C2)
Systems
·
Power
Systems
·
Navigation
Systems
·
Observation
& Display Systems
·
Hulls/Frames
By country/region, the global Armored Vehicle Market has been divided
into:
·
North America
(the U.S., Canada)
·
South America
(Brazil, Mexico, Argentina and other countries)
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries)
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries)
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries)
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
Arquus
·
Bae Systems PLC
·
China North
Industries Corporation (Norinco)
·
Denel Soc Ltd.
·
Fnss
·
General Dynamics
Corporation
·
Hanwha
Corporation
·
Hyundai Rotem
·
Imi Systems
·
Iveco
·
Krauss-Maffei
Wegmann
·
Kurganmashzavod
Jsc
·
Mitsubishi Heavy
Industries
·
Nexter Group
·
Ordnance Factory
Board
·
Oshkosh
Corporation
·
Otokar Otomotive
Ve Savunma Sanayi
·
Paramount Group
·
Rheinmetall AG
·
St Engineering
·
Tatra Trucks
A.S.
·
Textron Inc.
·
The Kalyani Group
·
Ukroboronprom
·
Uralvagonzavod
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Armored Vehicle related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Armored
Vehicle Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Armored Vehicle Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial performance,
key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as BAE, Textron, FNSS among
others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Armored Vehicle caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Armored
Vehicle Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Armored Vehicle Market
v
Identification
of key factors driving investment opportunities in the Armored
Vehicle Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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