Light General Tactical Vehicles serve a variety of purposes, including fighting, training, and surveillance. With their lightweight body frames, light general tactical vehicles provide exceptional mobility to the armed forces. They have a wide range of capabilities over uneven terrain, making them an excellent choice for heavy machinery. Light general tactical vehicles come in a variety of sizes depending on cargo capacity. They can be used to transport troops, ammunition, and supplies to combat zones, depending on their applications.
MARKET SCOPE
The "Global Light Tactical 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 military marine vessel engines market with detailed market segmentation by transmissions, number of occupant, application and geography. The report provides key statistics on the market status of the leading Light Tactical Vehicle Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
On the transmissions, the market is segmented into 4 speed, 6 speed, 8 speed and 10 speed.
Based on number of occupant, the market is segmented as upto 5, 6 to 8 and above 8.
Based on application, the market is segmented into counter terrorism and conventional operations.
MARKET DYNAMICS
Drivers:
- Increasing Defense Spending and Procurement Programs in Asian Countries To Help Market Growth
- Increasing Border Conflicts to Increase Demand for Next-Generation Military Vehicles
Restraints:
- High Initial Cost Of Composite Materials
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 2019 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 Light Tactical 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 market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Light Tactical Vehicle Market in these regions
IMPACT OF COVID-19 ON LIGHT TACTICAL VEHICLE MARKET
COVID-19 has had an unprecedented and overwhelming worldwide impact, with small military vehicles experiencing a drop in supply across all regions as a result of the pandemic. For instance, BAE Systems' delivery of all new Armored Multi-Purpose Vehicles (AMPV) to the US Army to replace the ageing M113 was delayed. The first three 457 AMPVs were supposed to be delivered in March, but were postponed until August owing to COVID-19. However, as the threat of a pandemic has diminished significantly around the world, and as corporations have developed remote modules for operation, the supply chain has gained traction.
MARKET PLAYERS
The report covers key developments in the Light Tactical 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Light Tactical Vehicle Market are anticipated to lucrative growth opportunities in the future with the rising demand for Light Tactical Vehicle in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Light Tactical 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.
- AM GENERAL LLC
- ARQUUS
- International Armored Group
- Israel Aerospace Industries
- Jankel Armouring Limited
- Kia CORP
- Mahindra Emirates Vehicle Armouring Fz LLC
- Oshkosh Defense, LLC
- Steyr Trucks International FZE
- Tata Motors
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.