“Armored Fighting Vehicles Market“ offer significant and proficient insights into the current market scenario and the emerging growth dynamics. The report on Armored Fighting Vehicles Market provides the market players as well as the new visitors to show complete view of the market landscape. The comprehensive research will enable the well-established as well as the emerging players to establish their business strategies and achieve their short-term and long-term goals. The report also presents a significant evaluation of the scope of the regions and where the key participants might find potential growth opportunities in future.
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The Armored Fighting Vehicles Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered financial information of last 3 years, key development in past five years.
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).
Key developments in the market
March 2018 – The Israeli Defense Ministry announced the approval of a major upgrade of the armyâs 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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Armored Fighting Vehicles Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Armored Fighting Vehicles Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Armored Fighting Vehicles market on the basis of product type, application, and region
- To forecast and analyze the size of the Armored Fighting Vehicles market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Armored Fighting Vehicles market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Armored Fighting Vehicles market
- To analyze opportunities in the Armored Fighting Vehicles market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Armored Fighting Vehicles market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Armored Fighting Vehicles Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Armored Fighting Vehicles trade
Marketing Channel Development Trend
Armored Fighting Vehicles Market Positioning
Distributors/Traders List enclosed in Positioning Armored Fighting Vehicles Market
Armored Fighting Vehicles Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Armored Fighting Vehicles Market 2019 report presents the descriptive analysis of the Armored Fighting Vehicles Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Armored Fighting Vehicles Market competitors.
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