Armored Vehicles Market 2018-2023 | Key Companies Overview : General Dynamics, BAE, Textron , Oshkosh, Elbit, Thales, Lockheed Martin, Diehl Defense

Armored Vehicles Market by End User (Commercial (SUV, Sedan, Limousine, Bus/Van, Others) & Defense (Wheeled Armored, Tracked Armored)), Technology (Active, Passive), by Region (North America, Europe, Middle East & Africa, South America)-Forecast till 2023

General Dynamics Corporation (U.S.), BAE Systems, Plc. (U.K), Textron Inc. (U.S.), Oshkosh Corporation (U.S.), Elbit Systems Ltd. (Israel), Thales Group (France), Lockheed Martin (U.S.), Rheinmetall AG (Germany), Denel Land Systems (South Africa), Sabiex International (Belgium), Diehl Defense (Germany) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global armored vehicles market.

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Industry/ Innovation/ Related News:

April, 2018: BAE Systems supplied all five variations of its Armored Multi-Purpose Vehicle to the U.S. Army for testing.

March, 2018: INKAS Armored Vehicle Manufacturing Company released its INKAS Sentry “Civilian Edition” armored.

Feb, 2018: Iveco Defence Vehicles provided final tranche of Light Armoured Vehicles to the Norwegian Army.

Market Scenario

Armored vehicles are security vehicles used to transport armed security. Armored vehicles were only owned and used by military, law enforcement, and ministers, but in the past few years prominent figures from the corporate world, VIPs and celebrities, have also been contributing to the demand for these vehicles. The continually increasing security challenges is the main reason for adoption of armed vehicles by the various government bodies and civilians.

Technological developments and improvements in artificial intelligence have increased the use and importance of unmanned ground vehicles, virtual training and survivability equipment. The demand for new, technologically advanced transmission equipment in armored vehicle, which are highly effective and secure, are critical in retaining an edge over extremist powers. The growing challenges of tackling modern day security threats are stimulating the need for technological revolution in the market. Frequent investment in R&D activities, and development of highly advanced and innovative technologies, will be the core growth strategies in the upcoming years.

Global Armored Vehicles Market – Segmentation

The global armored vehicles market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Vehicle Type : MBT, LPV, AAV, MRAP, IFV, APC, Others

Segmentation by Design : Wheeled Armored Vehicles, Tracked Armored Vehicles

Segmentation by Regions : North America, Europe, Asia Pacific, Middle East & Africa and South America.

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Geographic Overview

The U.S. and the European nations were the largest consumers of armored vehicles for a considerable period of time. The multilateral partnership between North Atlantic Treaty Organization (NATO) and the African Union to counter terrorism is expected to further force the growth of global armored vehicles market during the forecast period.

The Asia Pacific region has witnessed increased defense expenditure from various countries including China, India, South Korea and Australia, which is expected to boost the demand for armored vehicles during the forecast period.

In most countries across Asia Pacific, lack of regulatory standards differentiating protection levels leads to high prices and an increased risk of fraudulence from manufacturers. These factors are also leading to the emergence of several unauthorized vehicle armoring companies in countries such as India, China, and Brazil; which is in turn challenging businesses of established companies to a certain extent.

The armored vehicles market is driven by innovation and technological growth. The other prominent feature of this market is the presence of few vendors, that mostly take contracts from government and commercial bodies. Most of the reputed vendors are present in North America and Europe. Defense sector is the key factor in the market’s overall development.

Table Of Contents :

1 Executive Summary$ 1,350.00

2 Scope of the Report$ 0.00
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape$ 950.00
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Intensity Of Competitive Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis

Continued......

List of Tables$

Table 1 Armored Vehicles Market: By Region, 2017-2023
Table 2 North America Armored Vehicles Market: By Country, 2017-2023
Table 3 Europe Armored Vehicles Market: By Country, 2017-2023
Table 4 Asia Pacific Armored Vehicles Market: By Country, 2017-2023
Table 5 Row Armored Vehicles Market: By Country, 2017-2023
Table 6 Armored Vehicles Market, By End-User, 2017-2023

Continued.......

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