Armored Vehicles Upgrade And Retrofit Market 2018 Key Counties Overview By AM General, FNSS Savunma Sistemleri, Oshkosh Defense, Sabiex, BAE, Diehl Defence, Elbit, General Dynamics, Rheinmetall and Thales

Global Armored Vehicles Upgrade and Retrofit Market Information by Vehicle Type (Main Battle Tank, Light Protected Vehicles, Amphibious Armored Vehicles, Mine-Resistant Ambush Protected, Infantry Fighting Vehicles, Armored Personnel Carriers, and Others), Design (Wheeled Armored Vehicles and Tracked Armored Vehicles) - Forecast To 2023.

The key players of this market are AM General (U.S.), FNSS Savunma Sistemleri (UAE), MKU (INDIA), Oshkosh Defense (U.S.), Sabiex International (Belgium), BAE Systems (U.K), Diehl Defence (Germany), Elbit Systems (Israel), General Dynamics (U.S.), Palbam (Israel), Rheinmetall (Germany), and Thales Group (France).

Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1277

Armored Vehicles Upgrade and Retrofit Market – Market Overview

Armoured vehicles include land combat and transportation vehicles used by military land forces for operations such as transporting cargo and military personnel and operating in active combat. These vehicles are protected by armour and in many cases armed with weapons. Armoured vehicles provide significant strength to a country’s army and are used in large numbers by military forces around the world.

The withdrawal of military troops from conflict regions such as Afghanistan, and defense budget cuts have led to a slowdown in procurement of new military vehicles in major markets (e.g. US and European countries). Many countries in Europe are also forced to either delay the procurement of military vehicles or reduce the number of vehicles to be procured. However, the western countries already have a large fleet of military vehicles. Since it is economical to upgrade and retrofit a fleet of vehicle rather than to procure an entire new fleet, many of the countries are aggressively spending on modernization and upgradation of military armoured vehicle.

Countries are also focusing to maintain an agile military forces that can be deployed readily as needed. The military modernization program has also led to a significant change in the armoured vehicles market and to the establishment of growing fleet of advanced vehicles that are suitable for modern-day warfare. The importance of "low-cost per mile" operations, modular vehicle design approach, and sophisticated vetronics has also increased.

Furthermore, emerging countries in APAC and the Middle East have aggresively increased their defense spending. Increasing demand for armoured vehicle modernization from such emerging countries will further contribute to the market growth during the forecast period.

In addition, military armoured vehicle manufacturers and vetronics system integrators are moving toward COTS solutions for new vehicles as well as vehicle retrofits. COTS solutions help in SWaP reduction and are also more cost-efficient to utilize.

One of the growing uses of COTS solutions is in smart displays for military armoured vehicles. Software utilized for such systems needs to provide seamless integration between different vetronics displays and should be well-defined for mission-critical applications. The Presagis VAPS XT is one of the widely used software that utilizes COTS HMI and OpenGL interface, applicable for different types of displays and touchscreens. In case a change in display is required, it is easier and more cost-effective to change the design code with this COTS-based software solution. A user can thus reconfigure a single operator station quickly for many different missions as required. The high-density COTS I/O solutions also reduce board count, weight, and power, enhancing overall system reliability and affordability.

Armored Vehicles Upgrade and Retrofit Market – Competitive Analysis

End-users of military armoured vehicles are shifting their focus from quantity to quality. There is also an increased emphasis on cost-efficiency for the operation of these vehicles. Low-cost per mile has been a growing requirement for modern military armoured vehicles. Maintaining a balance between cost and quality while providing upgrade and retrofit solutions to meet modern military needs can be a significant challenge for vendors.

Also, amid economic woes in Europe and defense budget cut in the US, companies are facing high levels of uncertainty in the market. However, there has been a growing interest from the emerging markets in APAC and the Middle East. Western military forces are mainly looking for high-end, modernized military armoured vehicles and large-scale modernization of the existing fleet of vehicles. Meanwhile, the emerging countries in APAC and Middle East are also strengthening their fleet of armoured vehicles with modern systems and capabilities. The existing major players in the market should identify the evolving trends and market shifts, and should adapt to accommodate them if they want long-term success and survival in the market.

Existing players can also tap into the potential in the evolving market by providing the optimum solutions to meet the demands of modern warfare. Seizing these opportunities will require a thorough understanding of the evolving market. Vendors should also respond to the changing end-user patterns regarding upgradation and retrofit of armoured vehicles, demand for long-term cost efficiency, and interoperability of the system. Providing long-term support in addition to technological solutions will be a key to sustaining and winning new business opportunities.

Also, there are increased difficulties to provide new cost-efficient solutions, amid increased cost pressures to the vendors. In this scenario, one of the best possible solutions to reduce cost while still providing reliable technology and optimum solutions is to increase the utilization of COTS systems in military armoured vehicles.

It is expected that increased utilization of COTS systems in military armoured vehicles will provide growing opportunities for commercial suppliers to enter the military market. It will further increase the competition in the market among the existing players and new entrants to offer optimum solutions. Increased competition and the entry of commercial suppliers in the military market can be the much-needed pivot of change to the industry and may rejuvenate the market.

Industry/ Innovation/ Related News:

February, 2017:- General Dynamics Land Systems signed a contract worth USD 308 million with the Government of Canada, to upgrade their 141 Light Armored Vehicles.

December, 2016 - Germany’s armed forces signed a contract worth over USD 160 million with Rheinmetall AG, for the upgrade of its Fuchs/Fox armoured transport vehicles.

Early Diners Are Offered Free Customization- Up to 20%
Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/1277

Armored Vehicles Upgrade and Retrofit Market – Segments

For the convenience of the report and enhanced understanding; the armored vehicles upgrade and retrofit market is segmented in to two key dynamics:

Segmentation by Vehicle Type: Armored Personnel Carrier, Main Battle Tank, Mine Resistant Ambush Protected, and others (Tactical Truck, IFV, LMV).

Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.

Armored Vehicles Upgrade and Retrofit Market – Regional Analysis

The European economic crisis, which started since the end of 2009, has led to a dilemma in the Western defense market. Many countries have undergone defense budget cuts or downsized their military vehicle acquisition. However, the Ukrainian crisis (which began on November 2013) and expanding military buildup interests of Russia have put European countries on high alert to military threats in Europe. European countries, despite the unfavorable economic conditions, are pressured to maintain their military strength and the modernization of military systems, including military armoured vehicles. The ongoing or planned armored vehicle modernization in France, Germany, Italy, Poland, Sweden, and the UK are a testament to the ongoing military spending.

Amid growing tensions in the Middle East and Gaza, emerging countries in the Middle East are becoming established markets for military armoured vehicles. The rise of ISIS and conflicts in the region might lead to heightened tension in the coming years, which might see the active deployment of military troops from the concerned countries and the NATO forces. As a result of this rising insecurity, countries such as Turkey, Egypt, and Israel are continuing to modernize their military armored vehicles. Israel is one of the major markets in the region and also exports a large number of military systems and equipment to international markets. The defense market in Turkey is also emerging as one of the stronghold markets in the region. Because of its geopolitical location between the East and the West, and amid high tensions in the neighboring countries, the military spending of the Turkish military will grow substantially in the coming years.

Africa is also one of the small yet key emerging markets for military armoured vehicles. Many African countries have undergone long civil wars and still have existing territorial tensions. Along with economic growth in the region, military spending as a percentage of GDP has also grown in recent times. Algeria, Ethiopia, Libya, Morocco, Nigeria, and South Africa are few of the countries with substantial fleet of military armoured vehicles in Africa.

Table of Contents

1 Executive Summary

2 Scope of the Report
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
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 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continued.........

List of Tables

Table 1 Global Armored Vehicles Upgrade and Retrofit Market: by Region, 2017-2023
Table 2 North America Armored Vehicles Upgrade and Retrofit Market: by Country, 2017-2023
Table 3 Europe Armored Vehicles Upgrade and Retrofit Market: by Country, 2017-2023
Table 4 Asia Pacific Armored Vehicles Upgrade and Retrofit Market: by Country, 2017-2023
Table 5 Row Armored Vehicles Upgrade and Retrofit Market: by Country, 2017-2023
Table 6 Global Armored Vehicles Upgrade and Retrofit Market, by Vehicle Type, by Regions, 2017-2023
Table 7 North America Armored Vehicles Upgrade and Retrofit Market, by Vehicle Type, by Country, 2017-2023
Table 8 Europe Armored Vehicles Upgrade and Retrofit Market, by Vehicle Type, by Country, 2017-2023
Table 9 Asia Pacific Armored Vehicles Upgrade and Retrofit Market by Vehicle Type, by Country, 2017-2023

Continued...........

Ask for your specific company profile and country level customization on reports.

Get More Information on Armored Vehicles Upgrade And Retrofit Market Research Report-Forecast to 2023 @ https://www.marketresearchfuture.com/reports/armored-vehicles-upgrade-retrofit-market-1277

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Market Research Future
Office No. 524/528
Amanora Chambers
Magarpatta Road
Hadapsar
Pune -411028
Maharashtra, India

This release was published on openPR.