Global “Armored Fighting Vehicles Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Armored Fighting Vehicles in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Armored Fighting Vehicles Market report categorizes the market based on manufacturers, regions, type, and application. Armored Fighting Vehicles Market reports offer a detailed assessment of the Armored Fighting Vehicles including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Armored Fighting Vehicles market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The market is expected to grow at a CAGR of over 6% to reach a market value of USD 50 billion by the year 2023. This growth can be connected to the increasing incidences of armed conflicts, violence, and terrorism, which are driving the demand for armored vehicles, among defense and commercial end users, globally.
Based on technology, active mine protection system is expected to be the largest segment of the global armored vehicles market during the forecast period. Defense sector emerges as the largest demand in the global armored vehicles market while commercial sector is expected to witness the fastest growth during the forecast period (2018 – 2023). Infantry fighting vehicles are the largest segment in the global defense armored vehicles market, by product. The segment is expected to follow the same trend during the forecast period (2018 – 2023).
The US and the European nations were the biggest consumers of armored vehicles for a considerable period. However, in the past few years both the US and European governments decided to cut down their defense budgets. This significantly affected the demand for armored vehicles, however, the growing security concerns in the Asia-Pacific region and the peace initiative missions undertaken by the Middle East nations have helped in reducing the impact to a considerable level. Additionally, the multilateral collaboration between North Atlantic Treaty Organization (NATO) and the African Union to counter terrorism is expected to further propel the growth of global armored vehicles market during the forecast period.
Some of the key players in the Armored Fighting Vehicles Market are GENERAL DYNAMICS, RAYTHEON, URALVAGONZAVOD, BAE SYSTEMS, MBDA amongst others.
Growing Demand for Armored Fighting Vehicles Market
Increasing internal & external security threats which led to the increase of violence in countries such as Syria, Iraq and other countries in the world are driving global armored vehicles market. Increasing military expenditure especially in emerging economies and increasing popularity of rental & leasing of armored cars among civilians also supports the growth of the market. The major factor hindering the growth of the overall market includes the lack of regulatory standards across the globe. Additionally, the withdrawal of troops from Afghanistan and Iraq by the U.S. and their allies have hindered the North American market at a considerable level thereby resulting in a steady decline in the region. Moreover, the U.S. and European nations witnessed a decline in the defense budgets in the recent years, which is expected to further hamper the growth of global armored vehicles market during the forecast period (2018 – 2023).
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The global Armored Fighting Vehicles market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Armored Fighting Vehicles Market Report covers the Top Key-players in 2021:-
- General Dynamics
- Northrop Grumman
- Lockheed Martin
- BAE Systems Plc
- Rafael Advanced Defense Systems
- Defense Research and Development Organization
Highlighted points of Armored Fighting Vehicles Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Armored Fighting Vehicles Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Armored Fighting Vehicles? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Armored Fighting Vehicles Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Armored Fighting Vehicles Market? What Was Capacity, Production Value, Cost and PROFIT of Armored Fighting Vehicles Market?
- What Is Current Market Status of Armored Fighting Vehicles Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Armored Fighting Vehicles Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Armored Fighting Vehicles Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Armored Fighting Vehicles Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Armored Fighting Vehicles Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Armored Fighting Vehicles Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Armored Fighting Vehicles Industry?
Key Developments in the Armored Fighting Vehicles Market:
March 2018 – The Israeli Defense Ministry announced the approval of a major upgrade of the armys ground forces. The announcement focused on the purchase of hundreds of Eitan armored fighting vehicles and the development of a new cannon.
February 2017 – NIMR Automotive on Thursday bagged a contract to supply more than 1,765 armored vehicles to the UAE Armed Forces in a huge boost to the domestic defense industry.
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Finally, the report Global Armored Fighting Vehicles Market 2021 describes the Armored Fighting Vehicles industry expansion game plan, the Armored Fighting Vehicles industry knowledge supply, appendix, analysis findings, and the conclusion.
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