Global Armored Vehicles Upgrade and Retrofit Market by Vehicle Types (Armored Personnel Carrier, Main Battle Tank, Mine Resistant Ambush Protected, and others (Tactical Truck, IFV, LMV), and by Geography- Forecast To 2021
Market Synopsis of armored Vehicles Upgrade and Retrofit Market
The global armored Vehicles Upgrade and Retrofit Market is expected to grow at a CAGR of around 3% during 2016-2021.
As per the MRFR analysis, modernization of military armored vehicles and need for SWaP reduction are the key factor driving the market. The vendors in the market focus on technological innovation in order to improve the size and weight of the vehicle thus controlling the overall ownership cost. Budget cuts and limited customer funding specially in Europe and North America has been the top most restraint of the market which would hamper the market growth in the forecast period.
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- AM General,
- FNSS Savunma Sistemleri,
- Oshkosh Defense,
- Sabiex International,
- BAE Systems,
- Diehl Defence,
- Elbit Systems,
- General Dynamics,
- Thales Group
Study Objectives of armored Vehicles Upgrade and Retrofit Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global armored Vehicles Upgrade and Retrofit Market
- To provide insights about factors affecting the market growth
- To analyse the Global armored Vehicles Upgrade and Retrofit Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segment by types and applications
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global armored Vehicles Upgrade and Retrofit Market
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- APAC market was valued at $XX billion in 2015, and is expected to reach $XX billion by 2021, growing at a CAGR of around 5%
- To reduce the overall ownership cost (including maintenance), “Cost Per Mile” is new parameter on which vendors are working to bring down maintenance costs, fuel costs, and training and operating costs.
- Vetronics (vehicle electronics) is the most expensive part of the armored vehicle
Regional and Country Analysis of Armored Vehicles Upgrade And Retrofit Market
Americas is the dominant player in the market with a market share of around 42%, and is likely to lead both in terms of sales and CAGR in the forecast period.
APAC will grow significantly, followed by EMEA and Americas. Many countries in APAC are undergoing major military vehicles modernization programs. As a result, the military armoured vehicle upgrade and retrofit market is expected to witness a substantial growth during the forecast period.
The reports also cover country level analysis:
Americas (North & Latin)
- Rest of Europe
Asia – Pacific
- Australia/New Zealand
- Rest of Asia-Pacific
Middle East & Africa
- Rest of Middle East & Africa
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The market report for Armored Vehicles Upgrade and Retrofit Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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