Press release
Armored Vehicle Market Size, Share, Industry Growth, Demand & Report by 2032
Armored Vehicle Market
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/armored-vehicle-market-101817
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
โข BAE Systems (U.K.)
โข General Dynamics Corporation (U.S.)
โข Rheinmetall AG (Germany)
โข Krauss-Maffei Wegmann GmbH (Germany)
โข Denel SOC ltd (South Africa)
โข IVECO DEFENCE VEHICLES (Italy)
โข NORINCOGROUP.com Inc. (China)
โข Oshkosh Defense, LLC An Oshkosh Corporation Company (U.S.)
โข Otokar, a KOC Group Company (Turkey)
โข Textron Systems (U.S.)
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
๐๐จ๐ฆ๐๐๐ญ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐ญ๐จ ๐๐๐๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ง๐๐๐ง๐ญ๐ซ๐ฒ ๐๐๐๐ก๐๐ง๐ข๐ณ๐๐ญ๐ข๐จ๐ง
On the basis of platform, the market is divided into combat vehicles, combat support vehicles, and unmanned armored ground vehicles. Combat vehicles segment is set to lead due to demand for infantry mechanization and infantry modernization programs in developing and developed economies globally.
๐๐จ๐ง๐ฏ๐๐ง๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง ๐๐๐ ๐ข๐ง ๐๐๐๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐ข๐ฅ๐ข๐ญ๐๐ซ๐ฒ ๐๐ซ๐จ๐ ๐ซ๐๐ฆ๐ฌ
On the basis of propulsion, the market is divided into conventional and electric. Conventional segment dominated the market in 2022 due to rising military modernization programs, Russia-Ukraine war, and attaining priorities amid burgeoning skirmishes, war, and civil unrest globally.
๐๐ก๐๐๐ฅ๐๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ข๐ ๐ก ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐๐๐ญ๐
On the basis of mobility, the market is classified into wheeled and tracked. Wheeled segment to lead as it held largest share in 2022 and will have the fastest CAGR due to high adoption rate owing to its utility in special operations, troop deployment, border patrol operations, combat support operations, such as command and control, and medical support for armed forces.
๐๐ซ๐ข๐ฏ๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐๐ ๐ข๐ง ๐๐๐๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ข๐ ๐ก ๐๐ฌ๐๐ ๐ ๐จ๐ ๐๐๐ฏ๐๐ง๐๐๐ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ
On the basis of system, the market is classified into drive systems, structures & mechanisms, weapons & ammunition control systems, countermeasure systems, command & control systems, navigation systems, observation & display systems, and others. The drive systems segment dominated in 2022 and is expected to be the fastest growing from 2023 to 2030 due to rising demand for advanced driving systems by various countries' military forces.
๐๐๐ญ๐ซ๐จ๐๐ข๐ญ ๐ญ๐จ ๐๐๐๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐ข๐๐๐ง๐ฌ๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง
On the basis of solution, the market is classified into line fit and retrofit. Retrofit is the fastest growing segment due to increasing demand for license production by various nations.
Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/armored-vehicle-market-101817
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐ง๐ฌ๐ญ๐๐ง๐๐๐ฌ ๐จ๐ ๐๐ฌ๐ฒ๐ฆ๐ฆ๐๐ญ๐ซ๐ข๐ ๐๐๐ซ๐๐๐ซ๐ ๐ญ๐จ ๐๐ซ๐จ๐ฉ๐๐ฅ ๐ญ๐ก๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Increasing instances of asymmetric warfare is anticipated to drive the armored vehicle market growth. Asymmetric warfare refers to the conflict where opposing parties have unequal military resources. In addition, weaker opponents deploy unorthodox weaponry and tactics to exploit their adversaries' vulnerabilities. With growing cases of asymmetric warfare, it is set to have higher number of purchase of vehicles globally.
However, mechanical failure and occurrence of electrical system in armored vehicles are expected to hamper the market growth.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐ข๐ ๐ก ๐๐ฉ๐๐ง๐๐ข๐ง๐ ๐๐ฒ ๐ญ๐ก๐ ๐.๐. ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐จ๐ง ๐๐ข๐ฅ๐ข๐ญ๐๐ซ๐ฒ
North America is expected to have a high part in the armored vehicle market share due to high spending by the U.S. government on military vehicle purchases and upgrades. Presence of key market players such as General Dynamics Corporation, Textron Systems, Oshkosh Defense, and others is also set to drive the market share.
After North America, Europe to be the second-highest region of the market as demand for battle tank is increasing with the ongoing Russia-Ukraine war.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
๐๐๐๐ฌ ๐ก๐๐ฏ๐ ๐๐๐๐ง ๐ ๐จ๐๐ฎ๐ฌ๐ข๐ง๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐จ๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ๐ฅ๐ฒ ๐๐๐ฏ๐๐ง๐๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ
The global market has numerous companies such as General Dynamics Corporation, BAE Systems, Oshkosh Corporation, and Rheinmetall AG. The market has various manufacturers, which are participating in military vehicle development and design. OEMs have been focusing on the development of technologically products and fostering strong relationships with governments in developed and developing countries.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
๐ ๐๐๐ซ๐ฎ๐๐ซ๐ฒ ๐๐๐๐- The Italian Navy awarded a contract to IVECO Defense Vehicles for providing Amphibious Armored Vehicles (VBA) Personnel Carriers. Amphibious vehicles will reinforce the fleet of the San Marco Marina Brigade (BMSM).
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/armored-vehicle-market-101817
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
๐๐ง๐ฆ๐๐ง๐ง๐๐ ๐๐ซ๐จ๐ฎ๐ง๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐๐ซ๐ค๐
https://www.fortunebusinessinsights.com/unmanned-ground-vehicles-market-102525
๐๐ง๐ญ๐ข-๐๐๐ง๐ค ๐๐ข๐ฌ๐ฌ๐ข๐ฅ๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
https://www.fortunebusinessinsights.com/anti-tank-missile-system-market-10554
๐๐๐ฅ๐ฅ๐ข๐ฌ๐ญ๐ข๐ ๐๐ข๐ฌ๐ฌ๐ข๐ฅ๐ ๐๐๐๐๐ง๐ฌ๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ (๐๐๐๐) ๐๐๐ซ๐ค๐๐ญ
https://www.fortunebusinessinsights.com/ballistic-missile-defense-system-bmds-market-108150
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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