openPR Logo
Press release

Rising Demand for Light Weight Armored Vehicles is a Growth Opportunity of Armored Vehicle Market, Says Variant Market Research

05-10-2017 04:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Variant Market Research

Variant Market Research

Variant Market Research

Variant Market Research forecasted that the global armored vehicle market is forecasted to reach $39 billion by 2024 from $26 billion in 2016; growing at a CAGR of 4.7% from 2016 to 2024. There are the several driving factors of the market such as internal& external conflicts, increasing defence budgets and rising number of rental. However, cutting defence budgets and lack of standardization regulatory rules may restrain the growth of the market. Furthermore, rising demand for light weight armored vehicles and demand from commercial sector are the major opportunities of the market.
Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/defense-aerospace/armored-vehicle-market
Key segments of the global armored vehicle market are technology, type, application and geography. Electric armor, vehicle information integration, active protection systems, vehicle information integration, inter operable communication, situational awareness and modular ballistic armor are the key sub segments of the technology segment. In 2016, active mine protection has highest market share of 24.1%, followed by active protection systems with 18.4%. Moreover, application segment has been segmented into commercial, law enforcement and military.
North America, Europe, Asia-Pacific and rest of the world are the major geographical sub segment of the global armored vehicle market. In 2016, North America region accounted for the highest market share of 36.0%, owing to, modernization strategy and high adoption of latest technology. Additionally, Asia-Pacific is predicted to grow at the highest CAGR of 5.3% during 2016-2024, driven by increasing border conflicts and internal regional violence.
The market players have been adopting several strategies to increase their product portfolio and geographical presence. The key market players in the Armored vehicle market are BAE Systems, International Armored Group, Thales Group, General Dynamics Corporation, Denel Land Systems, Lockheed Martin, RheinmetallLandsysteme GmbH, Oshkosh Defence, Elbit Systems Ltd. and INKAS Armored Vehicle Manufacturing, among others.

We at Variant Market Research provide syndicated as well as customized reports along with short and long term consulting services pertaining to your requirements; offering accurate analysis, post precise data mining and analysis of information gathered. Adding to that, our offerings also include customized data pack, proposing market sizing in an Excel/PDF/PPT/Word format as per the need of our consumers.

For More information,
Contact:
VARIANT MARKET RESEARCH LLP
Web: https://www.variantmarketresearch.com/

India Office (Corporate Headquarter):

Office No. FL No.7, Prakash Developers,
Survey no 34/A5, Wadgaon Sheri,
Nagar Road, Pune – 411014
Tel: +91 20 65337795

USA Office:
649 Mission St.,
5th Floor, San Francisco,
CA 94105, United States.
Tel: +1-415-680-2785

Fax: +1-415-680-2786
Email: help@variantmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 Rising Demand for Light Weight Armored Vehicles is a Growth Opportunity of Armored Vehicle Market, Says Variant Market Research here

News-ID: 531621 • Views:

More Releases from Variant Market Research

Global SCADA Market is Expected to Reach $48 Billion by 2024, Says Variant Marke …
Global SCADA Market Report, published by Variant Market Research, forecast that the global market is expected to reach $48 billion by 2024 from $31 billion in 2016; growing at a CAGR of 5.7% from 2016 to 2024. By geography, Rest of the World (RoW) and Asia Pacific are expected to grow at a CAGR of 6.6% and 6.4%, respectively, during the forecast period. "SCADA Market (By Component: Programmable Logic Control, Human
Global Baby Diapers Industry Outlook: Growth in Per Capita Income to Drive the Market Growth
Global Baby Diapers Industry Outlook: Growth in Per Capita Income to Drive the M …
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global baby diapers market size is projected to reach $72 Billion by 2024 from $48 Billion in 2016. In this report, baby diapers market forecast says that the global market is growing at 5.1% CAGR from 2016 to 2024.Geographically; Asia Pacific and RoW are expected to grow at a CAGR of 6.8% and 5.8%,
High adoption in End-User Industries Drives Global Corrugated Packaging Market
High adoption in End-User Industries Drives Global Corrugated Packaging Market
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global corrugated packaging market size is projected to reach $218 million by 2024 from $158 million in 2016. In this report, corrugated packaging market forecast says that the global market is growing at 4.1% CAGR from 2016 to 2024. Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/consumer-goods/corrugated-packaging-market/sample-request
Cold Pain Therapy Market is boosted due to increased sports activities
Cold Pain Therapy Market is boosted due to increased sports activities
According to a new report published by Variant Market Research, the global cold pain therapy market size is forecasted to reach $1,185 Million by 2024 from $824 Million in 2016, growing at a CAGR of 4.6% from 2016 to 2024. Geographically, Asia-Pacific and Europe are expected to grow at a CAGR of 6.3% and 4.4%, respectively, during the forecast period says the report. Click Here to Request a Free Sample PDF

All 5 Releases


More Releases for Armored

Armored Cars Market Size, Status, Global Outlook 2022-2028 | INKAS, The Raytheon …
The Global Armored Cars Market report focuses on a comprehensive analysis of the current and future prospects of the Armored Cars industry. An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances, and regulatory requirements for the Armored Cars market has been performed to analyze the growth rate of each segment and sub-segment. The industry's role in the COVID-19 natural occurrence was comprehensively studied. throughout a particular
Armored Vehicles Market | The US Army Will Test Armored Robotic Vehicles in 2020 …
Armored Vehicles Market 2020-2026: Based on application, the defense segment dominated the global Armored Vehicles Market in 2018, in terms of revenue. In addition, based on drive type, the wheel segment is expected to exhibit lucrative growth rate during the forecast period. At present, by region, Europe is the highest revenue contributor, and is expected to garner the highest revenue in the global market during the forecast period, followed by
Armored Vehicles Market
Wars and acts of genocide are as old as human civilization itself, but often these take a form uglier than imaginable. Asia (South Asia and the Middle East in particular) and Africa have emerged as the hotbeds for such incidents, especially after the two World Wars. Though the setting up of international organizations, such as the United Nations, has helped a bit, the situation is till out of control in
The Armored Group, LLC, Announces Their Launch Into the Armored Boat Market with …
The Armored Group, LLC (TAG) announces they have entered the maritime vessel market and are now manufacturing armored boats to provide the highest level of protection and versatility for the Military, Homeland Security, Navy, Coast Guard, Maritime Law Enforcement as well as those that need ultra-fast, multi-role utility and patrol vessels. With the addition of TAG’s armored marine vehicles, the Company is well-positioned to become one of the premier international
Global Armored Cars Market Market 2018-2025 Future Analysis, International Armor …
Research Report 2018-2025 on "Global Armored Cars Market" which provides an outlook of current market value of Armored Cars Market as well as the expected forecast of Rate on Investment (ROI) with growing CAGR of XX% in Armored Cars Market by the end of 2025. The report on the global Armored Cars market uses the top-down and bottom-up approaches to define, analyze, and describe the Armored Cars market 2018 trends
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