Armored Vehicles Market 2021 Analysis by Global Manufacturers - BAE Systems, Oshkosh Corp, International Armored Group, General Dynamics Land Systems, Textron

The “Armored Vehicles Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Armored Vehicles market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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https://www.marketinsightsreports.com/reports/08103167000/armored-vehicles-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-vehicle-type-armored-personnel-carrier-infantry-fighting-vehicle-main-battle-tanks-tactical-truck-bus-other-2-by-platform-combat-vehicles-combat-support-vehicles-unmanned-armored-ground-vehicles-3-by-system-engine-drive-system-ballistic-armor-fire-control-system-fcs-armaments-ammunition-handling-system-countermeasure-system-command-and-control-system-others-4-by-mobility-tracked-wheeled-4x4-6x6-8x8-others-covering-bae-systems-oshkosh-corp-international-armored-group-general-dynamics-land-systems-textron/inquiry?Mode=28        

The study includes market share analysis and profiles of players such as BAE Systems, Oshkosh Corp, International Armored Group, General Dynamics Land Systems, Textron, Rheinmetall, Lockheed Martin, Krauss-Maffei Wegmann, INKAS Armored Vehicle, and Elbit Systems.

The global armored vehicles market is expected to decline from $5.69 billion in 2020 to $5.68 billion in 2021 at a compound annual growth rate (CAGR) of -0.2%. The armored vehicles market is anticipated to record a decline in market revenues in 2021 on account of post-COVID-19 implications involving workforce shortages and operational challenges and slowdown in global manufacturing activities. The market is expected to reach $6.35 billion in 2025 at a CAGR of 2.8%.

Executive Summary:

The armored vehicles market covered in the report is segmented by vehicle type into armored personnel carrier, infantry fighting vehicle, main battle tanks, tactical truck, bus, others; by platform into combat vehicles, combat support vehicles, unmanned armored ground vehicles; by system into engine, drive system, ballistic armor, fire control system (FCS), armaments, ammunition handling system, countermeasure system, command and control system, others; by mobility into tracked, wheeled, 4x4, 6x6, 8x8, others.

In May 2020, BAE Systems, a USA based Aerospace company acquired Raytheon Company for an undisclosed amount. This acquisition augments BAE Systems portfolio in airborne communications with broad-spectrum, multi-band, multi-channel radios that feature robust anti-jamming and encryption capabilities. Raytheon Company is a USA defense contractor and industrial corporation with core manufacturing concentrations in weapons and military and commercial electronics.

Increased military spending is expected to fuel the growth of the armored vehicles market over coming years. Countries around the world are investing in military because of their conflicts and rivalry with other nations. Military expenditure covers operations, maintenance, arms acquisition, armoured vehicles and military research and development. For instance, on December 20, 2019, the Japanese government signed off on its highest ever defence budget of $48.5 billion for the next financial year, amidst the increasing conflicts with Asia-Pacific. According to current results from the Stockholm International Peace Research Institute (SIPRI), overall global military budget increased to $1,917 billion in 2019. Therefore, the increased military spending drives the growth of the armored vehicles market.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Browse the report description and TOC:

https://www.marketinsightsreports.com/reports/08103167000/armored-vehicles-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-vehicle-type-armored-personnel-carrier-infantry-fighting-vehicle-main-battle-tanks-tactical-truck-bus-other-2-by-platform-combat-vehicles-combat-support-vehicles-unmanned-armored-ground-vehicles-3-by-system-engine-drive-system-ballistic-armor-fire-control-system-fcs-armaments-ammunition-handling-system-countermeasure-system-command-and-control-system-others-4-by-mobility-tracked-wheeled-4x4-6x6-8x8-others-covering-bae-systems-oshkosh-corp-international-armored-group-general-dynamics-land-systems-textron?Mode=28       

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Armored Vehicles market.

The study objectives of this report are:

To study and analyze the global Armored Vehicles size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Armored Vehicles by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Armored Vehicles manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Armored Vehicles with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Armored Vehicles submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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