Armored Vehicles Market to Reach USD 40.8 Billion by 2024

Posted on 2018-07-23 by Goldstein Research in Defense // 0 Comments

New York, USA, 2018-Jul-23 — /EPR Network/ — According to Goldstein Research, global armored vehicles market is expected to reach USD 40.8 billion by 2024, growing at a CAGR of 6.0% over the forecast period 2016-2024. The growing terrorist attacks and increasing deployment of defence forces require armoured vehicles, which is thus driving the growth of the market. Global armored vehicles market segmentation has been done on the basis of product type, technology, application and geography. Defence sector acquires a largest market share in the application of armored vehicles. On the other hand, commercial segment is growing at a steady pace on the back of demand from government, banks, VIPs, embassies. Global armored vehicles market is majorly driven by Europe with 38.02 market share in 2016 and over the forecast period it is expected to continue its dominance, for the increased spending of the federal authorities on the defence sector.

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Armored Vehicles Market Segmentation

On the basis of our in-depth analysis, Global Armored VehiclesMarket can be segmented as follows:

By Product Type

Infantry Fighting Vehicles
Light Protected Vehicles
Main Battle Tanks
Armored Personnel Carriers
Armored Amphibious Vehicles
Mine-Resistant Ambush Protected

By Technology

Active mine system
Active protection system
Modular ballistic armor
Situational awareness system
Interoperable communication
Vehicle information integration
Electric armor

By Application

Defence
Commercial
Media/Academic
Government Organizations

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Armored Vehicles Market Outlook 2024” contains a detailed overview of the global armored vehicles market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, technology and application.

Further, for the in-depth analysis, Global Armored Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as International Armored Group, Lockheed Martin, Thales Group, General Dynamics Corporation, BAE Systems and Denel Land Systems, Oshkosh Defense, Rheinmetall Landsysteme GmbH, Elbit Systems Ltd. and INKAS Armored Vehicle Manufacturing, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global armored vehicles market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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