Global Armored Vehicles Market to Reach USD 40.8 Billion by 2024

New York, USA, 2018-Oct-05 — /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 defense forces require armored 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. Defense sector acquires the 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. 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 defense sector.

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Market Segmentation

On the basis of our in-depth analysis, Global Armored Vehicles Market 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
  • Inter operable communication
  • Vehicle information integration
  • Electric armor

By Application

  • Defense
  • Commercial
  • Media/Academic
  • Government Organizations

By Region

  • North America Armored Vehicles Market Analysis, 2016-2024
  • Global Armored Vehicles Market Analysis, 2016-2024
  • Middle East And Africa Armored Vehicles Market Analysis, 2016-2024
  • Latin America Armored Vehicles Market Analysis, 2016-2024
  • Asia Pacific Armored Vehicles Market Analysis, 2016-2024
  • Rest Of The World Armored Vehicles Market Analysis, 2016-2024

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“Global Armored Vehicles Market Outlook 2024” includes a comprehensive 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, application, and geography.

The Global Armored Vehicles Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of the armored vehicles market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.

Major players of the global armored vehicles market analyzed in the report are 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.

Further, Global Armored Vehicles Market Report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Armored Vehicles Market Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

About Goldstein Research

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