Armored Vehicles Market Survey, Market Size, Competitive Trends and Forecast
by Rahul Gautam ManagerGlobal armored vehicles market worth
USD24.8 billion in 2016
As
per the research, the global market for armored vehicles is likely to grow from
USD24.8 billion in 2016 to USD36.6 billion by 2023. With increasing security
concerns in the Asia-Pacific region and rising political disputes across the
globe, the demand for armored vehicles is expected to gain traction during the
forecast period. The increasing demand for light or medium-sized armored
vehicles for combat operations has resulted in the widespread adoption of
wheeled-type armored vehicles. This is expected to further propel the demand
for armored vehicles during the forecast period.
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Military emanates the maximum demand in the global defense armored vehicles market, by application; while government is expected to dominate the global commercial armored vehicles market, by application. Infantry fighting vehicles is expected to be the largest segment in the global defense armored vehicles market, by product; while SUV is most commonly-used armored vehicle in the commercial sector.
GLOBAL ARMORED VEHICLES MARKET
SEGMENTATION
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
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Major
players have stronghold in the global armored vehicles market Some of the key
players in the global armored vehicles market include General Dynamics
Corporation, Lockheed Martin Corporation, BAE Systems plc, Elbit Systems Ltd.,
Oshkosh Corporation, Textron Inc., International Armored Group (IAG), Denel
Land Systems, Rheinmetall AG, Thales Group and INKAS Armored Vehicle
Manufacturing.
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Created on Jun 27th 2019 03:12. Viewed 411 times.