Armored Vehicle Market Size and Trend Analysis including Segments (Armored Personnel Carrier, Infantry Fighting Vehicles, Main Battle Tank, Light Multirole Vehicles and Others), Key Programs, Competitive Landscape and Forecast, 2020-2030
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The armored vehicles market has managed to show some degree of resilience to COVID-19, compared with other industries. The issues faced by the market have arisen mostly from the supply side and not from a lack of demand, according to GlobalData, a leading data and analytics company. This is primarily due to manufacturers shutting down production lines to implement safety measures. At the same time, armored vehicle manufacturers had to mitigate the risks of a supply chain that was weakened due to the lack of adequate finances.
Rahul Bhushan, Defense Analyst at GlobalData, commented: “Military forces around the globe are implementing modernization programs to replace their legacy armored vehicles because of the need for new equipment that will serve new force structures. This will help the global armored vehicles market to grow by 11% in 2030, as compared to the market in 2020. The US, Russia, the UK, Israel and Turkey are leading the investments in developing new generation advanced vehicles designed to address the complex challenges of battlefield operations.”
This report reveals that the infantry fighting vehicle (IFV) segment will dominate the market. This is one of the fastest-growing segments in major countries such as the US (at 6.2% growth rate), Australia (6.5%), Russia (3%) and India (8.8%).
Scope
In particular, the report provides an in-depth analysis of the following –
– Market size and drivers: Detailed analysis during 2020-2030, including highlights of the demand drivers and growth. It also provides a snapshot of the spending and modernization patterns of different regions around the world.
– Recent developments and industry challenges: Insights into technological developments and a detailed analysis of the existing armored vehicle projects being executed and planned worldwide. It also provides trends of the changing industry structure and the challenges faced by industry participants.
– Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
– Major programs: details of the key programs in each segment, which are expected to be executed during 2020-2030.
– Competitive landscape and strategic insights: analysis of the competitive landscape of the global armored vehicle market. It provides an overview of key players, their strategic initiatives, and financial analysis.
Key Highlights
Key Highlights
– The global armored vehicle market is expected to grow at a CAGR of 4.01% over the forecast period.
– The global armored vehicle market is classified iacross various categories; Main Battle Tanks (MBT), Infantry Fighting Vehicles (IFV), Armored Personnel Carrier (APC), Light Multirole Vehicles (LMV), Armored Engineering Vehicles, Tactical Trucks, Armored Support Vehicles, Light Utility Vehicles (LUV).
– The global armored vehicle market is expected to be led by Europe with a revenue share of 34.8%. The growth in Europe market is attributed to spending by countries such as Russia, France and the UK among others.
– Infantry Fighting Vehicle (IFV) is expected to be the largest segment of the armored vehicles market over the forecast period.
Reasons to Buy
– Determine prospective investment areas based on a detailed trend analysis of the global armored vehicle over the next ten years
– Gain in-depth understanding about the underlying factors driving demand for different armored vehicle segments in the top spending countries across the world and identify the opportunities offered by each of them
– Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
– Identify the major channels that are driving the global armored vehicle market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
– Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global armored vehicle market
– Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top armored vehicle providers around the world. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available
Who Should Buy
– Defence Startup’s, Original Equipment Manufacturers (OEMs), Defence Planners, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
– The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
– The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.
Oshkosh Corp
China North Industries Group Corp Ltd
BAE Systems Plc
Rostec Corp
Rheinmetall AG
Iveco SpA
BMC Otomotiv Sanayi ve Ticaret AS
Table of Contents
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.