Combat support vehicles are units that provide fire assistance and operational assistance to combat elements. Combat support vehicles fulfil a wide variety of support roles. For instance, they act as a protected ambulance, provide enhanced fire power, command and control, combat engineering functions and serve as a base for intelligence, security and communications. Combat support vehicles also provide a high degree of maneuverability and protection. With advancements in technology and development of high strength lightweight materials, manufacturers are emphasizing on producing more versatile, agile and effective vehicles that can adapt to the changing nature of the field.
MARKET SCOPE
The "Global Combat Support Vehicle 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 the combat support vehicle market with detailed market segmentation by type, application, vehicle type and geography. The report provides key statistics on the market status of the leading combat support vehicle market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global combat support vehicle market is segmented into armored combat support vehicles, unarmored combat support vehicles
- On the basis of application, the market is segmented surveillance and reconnaissance, intelligence, logistics service, firefighting, communication
- On the basis of vehicle type, the market is segmented small (4-wheeled), medium (6 and 8-wheeled), large (more than 8 wheeled)
MARKET DYNAMICS
Drivers:
- One of the prime factors expected to support the growth of the Combat Support Vehicle market is rigorous expansion of military budgets, particularly in developing countries.
- Increasing border conflicts and increasing terrorist activities have created unrest in various terror-affected countries. This factor is expected to significantly drive the demand for combat support vehicles during the forecast period.
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 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), the Middle East and Africa (MEA), and South America. The combat support vehicle 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 the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the combat support vehicle market in these regions.
IMPACT OF COVID-19 ON COMBAT SUPPORT VEHICLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the combat support vehicle 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from combat support vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for combat support vehicle in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the combat support vehicle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- MSI Defense Solutions
- Tata Motors Limited
- General Dynamics Corporation
- Paramount Group
- BAE Systems
- Rheinmetall MAN Military Vehicles GmbH
- General Motors
- Thales Group
- Oshkosh Defense, LLC
- BMC