Mine-resistant Ambush Protected Vehicles Market Demand, Revenue Forecast and Interesting Opportunities from 2021 to 2027 - BAE Systems, BMW AG, Daimler AG

The Mine-resistant Ambush Protected Vehicles market research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Research report offers the historic data for year 2021 and 2027 and also provides the forecast data from year 2021 to 2027 which is based on revenue. With the help of all these information research report helps the market participants to improve market positions. With the help of all these insights Mine-resistant Ambush Protected Vehicles market research report recommends a business strategy for present market participants to strengthen their position in the market.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: BAE Systems, BMW AG, Daimler AG (Mercedes Benz), Elbit Systems, Ford Motor Company, INKAS Armored Vehicle Manufacturing, International Armored Group, IVECO, Krauss-Maffei Wegmann GmbH & Co. (KMW), Lenco Industries, Lockheed Martin Corporation, Navistar, Inc., Oshkosh Defense, Rheinmetall AG, STAT, Inc., Textron, Thales Group, General Dynamics Corporation

The Global Mine-resistant Ambush Protected Vehicles Market Size is Projected to Reach at a CAGR of 5.12% during 2021-2027.

Recent Developments

In January 2021, Katmerciler HIZIR, a Turkey-based company, was selected by Kenya’s Department of Defense to deliver 118 armored personnel carriers (APCs). These APCs are planned to be deployed by the Kenyan Army against al-Shabaab militants from Somalia.
In September 2020, Hungary placed an order for 218 Lynx Infantry Fighting Vehicles (IFVs) that are manufactured by Rheinmetall. According to the contract, initial 46 vehicles are planned to be manufactured in Germany, and the remaining 172 vehicles will be built in Hungary. The contract is worth USD 2.44 billion (EUR 2 billion), and the initial batch of 46 vehicles is scheduled to be delivered by early 2023.

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Market Overview

Despite the significant impact of the COVID-19 pandemic on the economy, the market for armored fighting vehicles remained unaffected, as the procurement projects were on track and the sales and revenues of armored vehicles increased steadily for the manufacturing companies.

The growing geopolitical tensions and border issues between various countries in Asia-Pacific, Europe, and the Middle East are generating demand for the procurement of new armored vehicles to enhance the combat capabilities of the ground forces.

In addition, the aging fleet of armored vehicles is also forcing some countries to invest in new programs to improve the efficiency, lethality, and sophistication of the vehicles.

Covid-19 Impact and Recovery Analysis:

The number one goal of this Mine-resistant Ambush Protected Vehicles Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Mine-resistant Ambush Protected Vehicles market document.

Mine-resistant Ambush Protected Vehicles market Segmentation By Type:

MRAP-MRUV

MRAP-JERRV

Mine-resistant Ambush Protected Vehicles market Segmentation By Application:

Defence

Transportation

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Regional Analysis:

Asia-Pacific Region is Expected to Witness the Highest Growth During the Forecast Period

China, India, Australia, South Korea, Singapore, and Japan are generating significant demand for new armored vehicles. The demand is primarily to replace an aging fleet that has been in operation for over 30-40 years. For instance, in 2017, the Singapore Ministry of Defence awarded a contract to ST Kinetics to produce Hunter AFVs. The Hunter AFV was commissioned by the Singapore Army in June 2019 and replaced the Singapore Army’s aging M113 Ultra armored vehicle, which has been in service since the 1970s. Likewise, in February 2021, the Indian Army placed an emergency procurement order worth USD 24.4 million for M4 armored vehicles from the Kalyani group.

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Market Trends

Infantry Fighting Vehicle (IFV) Segment Accounted for the Highest Share in 2020

The infantry fighting vehicle (IFV) segment currently dominates the market and is expected to continue its dominance during the forecast period. This is mainly due to increased demand for IFVs due to their tactical advantage to provide direct-fire support along with infantry troop carrying capabilities. Several countries globally are undertaking various programs for robustly modernizing their fleet of IFVs to enhance their attack and troop support capabilities. Currently, the United States has a fleet of over 2,000 Bradley IFVs in services. To further increase its fleet, in October 2019, BAE Systems was awarded a USD 269 million contract by the US armed forces to manufacture and deliver 168 additional units of the Bradley A4 IFV. Similarly, Argentina received approval from the US State government for the procurement of 27 M1126 Stryker infantry carrier vehicles and related equipment for USD 100 million in mid-2020

Significant Features and Key Highlights of the Reports:

– Detailed overview of Mine-resistant Ambush Protected Vehicles Market

– Changing market dynamics of the industry

– In-depth Mine-resistant Ambush Protected Vehicles market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of Mine-resistant Ambush Protected Vehicles Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth.

The report gives answers to the following:

What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Mine-resistant Ambush Protected Vehicles industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the Mine-resistant Ambush Protected Vehicles marketplace in the during the forecast period?
Impact of COVID-19:

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the Mine-resistant Ambush Protected Vehicles market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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