Armored vehicles are armed combat vehicles protected by armor, which combine operational mobility with offensive and defensive capabilities. These vehicles can be wheeled or tracked. The rising adoption of crewless combat ground vehicles by defense sectors in different countries is expected to bolster the demand for armored vehicles in the future.
MARKET DYNAMICS
The growth of the armored vehicles market is attributed to driving factors such as robust demand for these vehicles in developing countries due to increased defense budgets. Also, asymmetric warfare across the globe is further expected to augment the market growth. However, the absence of major original equipment manufacturers in some regions may hinder market growth. On the other hand, military modernization programs are likely to showcase significant opportunities for the players operating in the armored vehicles market during the forecast period.
MARKET SCOPE
The "Global Armored Vehicles Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of armored vehicles market with detailed market segmentation by type, mobility, component, and geography. The global armored vehicles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading armored vehicles market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global armored vehicles market is segmented on the basis of type, mobility, and component. Based on type, the market is segmented as combat vehicles, combat support vehicles, and unmanned armored ground vehicles. On the basis of the mobility, the market is segmented as wheeled and tracked. The market on the basis of the component is classified as navigation systems, armaments, drive systems, engines, power systems, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global armored vehicles market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The armored vehicles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting armored vehicles market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the armored vehicles market in these regions.
MARKET PLAYERS
The reports cover key developments in the armored vehicles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from armored vehicles market are anticipated to lucrative growth opportunities in the future with the rising demand for armored vehicles in the global market. Below mentioned is the list of few companies engaged in the armored vehicles market.
The report also includes the profiles of key armored vehicles companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- BAE Systems PLC
- CNH Industrial N.V.
- General Dynamics Corporation
- IMI Systems Ltd.
- Krauss-Maffei Wegmann GmbH & Co. KG
- Mitsubishi Heavy Industries, Ltd.
- Oshkosh Corporation
- Otokar Otomotiv ve Savunma Sanayi A.S.
- Singapore Technologies Engineering Ltd
- Textron Systems Corporation
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