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Armored Vehicle Upgrade And Retrofit Market Report 2023 - Market Size, Growth Rate, Major Drivers And Key Trends | Hyundai Motor Group, SAIC Motor Corporation Limited., Hanwha Group, Tata Motors Limited, General Dynamics Corporation
Armored Vehicle Upgrade And Retrofit Global Market Report
The Business Research Company's Armored Vehicle Upgrade And Retrofit Global Market Report 2023 identifies the rise in terrorism and hostile activities is expected to propel the growth of the armored vehicle upgrade and retrofit market going forward. Terrorism and hostile activities refer to acts of violence, aggression, or threats perpetrated by individuals or groups to cause fear, harm, or disruption. Armored vehicles significantly counter-terrorism and hostile activities by providing security forces and military units with protection, mobility, and firepower. They are utilized in various scenarios to mitigate the risks of terrorist attacks and hostile activities.
The global armored vehicle upgrade and retrofit market is expected to grow from $5.79 billion in 2022 to $6.07 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The armored vehicle upgrade and retrofit market is expected to reach $7.17 billion in 2027 at a CAGR of 4.2%.
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Major players in the armored vehicle upgrade and retrofit market are Hyundai Motor Group, SAIC Motor Corporation Limited., Hanwha Group, Tata Motors Limited, General Dynamics Corporation, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., Rostec State Corporation, BAE Systems PLC, Lockheed Martin Corporation, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., Iveco S.p.A, Textron Inc., Navistar Inc., ST Engineering, Oshkosh Corporation, Rheinmetall AG, Elbit Systems Ltd., Nexter Systems, Krauss-Maffei Wegmann GmbH and Co. KG, Ukroboronprom, RUAG Holding, AM General LLC, Patria Plc., CMI Group Inc., FNSS Savunma Sistemleri AS., Denel Land Systems, and MKU Limited.
A key trend in the Armored Vehicle Upgrade And Retrofit market includes the Technological advancements are a key trend gaining popularity in the armored vehicle upgrade and retrofit market. Major companies operating in the armored vehicle upgrade and retrofit market are focused on the latest technology to sustain their position.
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The Armored Vehicle Upgrade And Retrofit market is segmented -
1) By Design: Wheeled Armored Vehicles, Tracked Armored Vehicles
2) By Vehicle Type: Tactical Truck, Main Battle Tanks (MBT), Assault Amphibious Vehicles (AAV), Armored Personnel Carrier (APC), Armored Recovery Vehicle, Armored Fighting Vehicle, Other Vehicle Types
3) By Armor Level Type: Rifle, Mine Resistant
4) By Point of Sale: Original Equipment Manufacturer (OEM), Retrofit
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Armored Vehicle Upgrade And Retrofit market.
The Business Research Company's "Global Armored Vehicle Upgrade And Retrofit Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Armored Vehicle Upgrade And Retrofit Market Include:
1. Executive Summary
2. Armored Vehicle Upgrade And Retrofit Market Characteristics
3. Armored Vehicle Upgrade And Retrofit Market Trends And Strategies
4. Armored Vehicle Upgrade And Retrofit Market - Macro Economic Scenario
5. Armored Vehicle Upgrade And Retrofit Market Size And Growth
……
27. Armored Vehicle Upgrade And Retrofit Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Armored Vehicle Upgrade And Retrofit Market
29. Armored Vehicle Upgrade And Retrofit Market Future Outlook and Potential Analysis
30. Appendix
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