openPR Logo
Press release

Armored Vehicles Market By Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2019 – 2025 | Key Players Are BMW AG, BAE Systems, Ford Motor Company, Daimler AG, General Dynamics Corporation, and International Armored Group

06-11-2019 09:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Armored Vehicles Market

Armored Vehicles Market

Global Market Insights, Inc. has recently added a report on Armored Vehicles Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

North America will account for a substantial share in the armored vehicles market size over the projected time frame. This growth can be credited to the rising government investments to develop and procure highly scalable armored vehicles with robust ballistic capabilities. Rising defense budget in the U.S. is further supporting the regional share over the projected timeframe. For instance, in 2019, the U.S. defense budget accounted for around USD 686 billion, thereby supporting the industry share over the projected timeframe.

Request table of contents this Report @

Increasing acceptance of leasing and rental armored vehicles among civilians has been instrumental in accelerating the armored vehicles market penetration over the projected timeframe. Governments across the globe are establishing strategic agreements and partnerships with industry players to develop advanced armored vehicles. For instance, in December 2018, the U.S. government announced a strategic contract with BAE Systems to design, develop, and manufacture mobile protected firepower (MPF) vehicles.

The armored vehicle offers superior levels of tactical and operation mobility and protection with the deployment of a wide range of sensors, weapon systems, and troops, thereby expanding the market size over the projected timeframe. However, higher costs associated with the development and testing of these vehicles may hinder the market share over the study timeframe. Moreover, probabilities of mechanical and electrical failures along with higher maintenance costs may further limit the market size significantly.

Request for customization @

Based on platform, the armored vehicles market size is segmented into unmanned armored ground vehicles, combat support vehicles, and combat support vehicles. Unmanned armored ground vehicles will grow significantly over the projected timeframe. This can be attributed to the increasing requirement for armored vehicles without any driver presence, that are ideal for specialized combat missions. Moreover, the incorporation of advanced RADAR and LiDAR sensors along with advanced autonomous technologies further accelerates the segment share over the study timeframe.

Asia Pacific is set to witness significant growth in the armored vehicles market size over the forecast period. This growth can be attributed to the increasing investments for developing and procuring advanced armored vehicles in major economies including China, South Korea, and India. For instance, in 2018, South Korea announced a major investment to develop and establish research centers for developing AI based autonomous weapons and advanced military vehicles.

Based on mobility, the armored vehicles market share is distinguished into wheeled and tracked. Wheeled armored vehicles is set to exhibit significant share during the study timeframe owing to its ability to travel across diversified terrains. Moreover, the higher efficiency of such vehicles, superior stability, along with superior engine configurations with enhanced torque and power output are further expanding the market size over the projected period.

Browse Complete Report@

Armored Vehicles Market is expected to register significant CAGR over the projected timeframe owing to rising concerns on safeguarding soldiers during wars and improving national security. Rising cases of terrorism along with growing cross border tension among major economies are further expected to drive the market demand. The incorporation of advanced technologies including artificial intelligence along with IoT technologies provides positive outlook for the industry expansion.

Major players in the armored vehicles market size include BMW AG, BAE Systems, Ford Motor Company, Daimler AG, General Dynamics Corporation, and International Armored Group. Industry players are continuously upgrading their technologies in their armored vehicles to increase their market share. For instance, in 2015, BAE Systems introduced an advanced suspension system in its infantry fighting vehicle, with an aim of improving the vehicle’s speed and handling in the battlefield.

Contact us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Armored Vehicles Market By Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2019 – 2025 | Key Players Are BMW AG, BAE Systems, Ford Motor Company, Daimler AG, General Dynamics Corporation, and International Armored Group here

News-ID: 1771982 • Views: 1046

More Releases from Global Market Insights

Liquid Silicone Rubber Market to accrue lucrative gains over the forecast timefr …
North America led by the U.S and Canada is the largest liquid silicone rubber market owing to positive indicator in healthcare industry and growing demand for disposable medical devices, implants and equipment propelling regional industry growth. As of 2015, 15% of total population in the U.S. is aged above 65 and needs medical attention hence would impact positively on LSR market size. Liquid Silicone Rubber Market size is may experience significant
Bullet Resistance Glass Market to phenomenally drive the global landscape over 2 …
North America, led by the U.S. has significant share in global bullet resistance glass market attributing to increased crime rate and flourishing defence industry. Defence industry is anticipated to grow around 3.2 % in next five years with an aim to strengthen US military. Europe led by Germany has substantial share owing to well established automobile industry hosting big players such as Audi and Volkswagen. Based on application, bullet resistance glass
Spray Drying Equipment Market to depict appreciable growth prospects over 2019-2 …
North America, driven by Canada and the U.S spray drying equipment market size may witness strong growth owing to increase in powdered milk consumption, and pharmaceutical industry. Rise in healthcare facilities along with strong R&D investment in pharmaceutical sector should stimulate regional industry growth. Europe driven by UK, France and Germany spray drying equipment market size may show remarkable growth in the dairy sector. Friesland Campina, Arla, Danone, Nestle and
Ceramic Matrix Composites Market to witness high growth in near future | key pla …
North America led the ceramic matrix composites market share in 2016 and is anticipated to witness fast pace by 2024. The regional ceramic matrix composites market size growth can be attributed to the developing aerospace and defense industry along with strict regulations stressing the use of fuel efficient and light weight products. Asia Pacific shall be the fastest growing region for the ceramic matrix composites market over the forecast timespan.

All 5 Releases

More Releases for Armored

Military Armored Vehicles Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Military Armored Vehicles Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 124 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables:   A Military Armored Vehicle is a lightweight
Global Armored Vehicles Market to Reach USD36.6 Billion by 2023
As per the research, the global market for armored vehicles is likely to grow from USD24.8 billion in 2016 to USD36.6 billion by 2023. With increasing security concerns in the Asia-Pacific region and rising political disputes across the globe, the demand for armored vehicles is expected to gain traction during the forecast period. **Request for Sample Copy of Research Report At: The increasing demand for light or medium-sized armored vehicles
Armored Vehicle Market - Expected to Drive Growth through 2023
Military vehicles require robust capabilities to overcome threats from both internal damages and external sources. The deployment of military troops in extreme environmental scenarios has led to the investments in improving the vehicle competencies in terms of technology. Various rugged systems and devices are constantly being integrated in the military vehicles worldwide specific to different regional applications. Moreover, the development of landmines and other improvised explosive devices (IEDs), which pose
Global Armored Cars Market 2017 - INKAS, The Raytheon Company, INKAS Armored Veh …
In its approaching report Armored Cars market covers detailed analysis on market trends, Market Drivers, market opportunities and other necessary details on the product. Besides, Armored Cars market research report indemnifies threats, Armored Cars market share size, revenue as well as Armored Cars market growth. The industry report has been divided on the basis of drug, and region. The Armored Cars market was valued at US$ XX billion in the
Future and Growth of Global Armored Vehicle Market by 2023
The innovation and technology-driven for armored vehicles market features a select few vendors that mostly take up contracts from government and commercial bodies, with the defense sector being the key determinant of the market’s overall development, finds a new research report by TMR. Most of the market’s leading and most reputed vendors are headquartered in North America and Europe, making these regions the frontrunners and leading regional segments. View Report Preview
INKAS® Unveils an Armored Van based on a Toyota Sienna
Toronto, Canada, November 2, 2017 – INKAS® Armored Vehicle Manufacturing, a world-leading vehicle armorer headquartered in Toronto, Canada, is proud to introduce a practical and discrete armored vehicle to its lineup – the Armored Toyota Sienna passenger van. From the exterior, it would be nearly impossible to discern this armored van from its soft-skinned predecessor. All the while offering the same level of ammunition and explosives protection that clients would