Armored Vehicles Market 2021-2031

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The Armored Vehicles Market 2021-2031  is segmented across System, Mode of Operation, and Region. The key players in the market are Textron Inc., Rheinmetall AG, Oshkosh Corporation, General Dynamics Corporation, Ukroboronprom, BAE Systems plc, NORINCO, UralVagonZavod, IVECO; Krauss-Maffei Wegmann GmbH & Co. (KMW); Lenco Industries, INKAS Armored Vehicle Manufacturing; Textron Inc., Rheinmetall AG, Oshkosh Corporation, General Dynamics Corporation, and Ukroboronprom. The Table of Content would give the readers a perspective of the coverage of the Armored Vehicles Market 2021-2031.

Description

Armored vehicles are military vehicles that have armor plating to protect them from bullets, shell fragments, and other projectiles. Military armored vehicles can move on wheels or continuous tracks. Armored vehicles designed to participate in combat situations must be mobile enough to outflank and surround the enemy, heavily armed and capable of performing a wide range of tasks such as breaking through enemy lines, providing fire support, and deterring an enemy advance.

Armored vehicles come in a variety of shapes and sizes, each designed for a specific purpose. Armored fighting vehicles are classified based on their intended role on the battlefield as well as their characteristics. They are classified as tank destroyers, infantry fighting vehicles, armored personnel vehicles, amphibious vehicles, armored engineering vehicles, self-propelled anti-aircraft, and armored cars.

Following the pandemic, the growing economy has resulted in a significant increase in the defense budget, which will drive the armored vehicle market. Neighbors’ high military spending can be perceived as threatening, prompting a country to increase defense spending. Furthermore, when a country faces significant political instability, violence, and terrorism within its borders, it is more likely to increase military spending. In the coming years, advances in ballistic protection, blast protection, and counter-IED will alter the armored combat vehicle industry.

One of the most key weaknesses of an armored vehicle is its track. If a track is damaged or engaged or somehow incapacitated then the vehicle is almost redundant on the battlefield. Although track design is improving and changing with the latest innovation still it imposes a challenge to the armored vehicle market.

Technological paradigms and trajectories have gained a lot of traction among economists and other social scientists working in the field of innovation studies. The Swedish T Ghost is a disguised tank that employs BAE’s ADAPTIV camouflage to blend in with its surroundings and render it invisible to opponent thermal imaging equipment. The Ghost tank’s primary weapon is a high-caliber 120mm compact cannon with revolutionary technology that reduces recoil and reduces total vehicle weight.

The Polish defense minister confirmed media speculation of a planned purchase of 250 M1A2 Abrams SEPv3 main battle tanks (MBTs) from the United States. The procurement of tanks by Poland is valued at USD 5.9 billion. The step is to begin delivering in 2022.

The Arjun MK-A1 Main Battle Tank (MBT) of the Indian Army is a DRDO multi-laboratory project. It’s a cutting-edge tank with improved firepower, maneuverability, and protection. The Indian Ministry of Defense (MoD) has ordered 118 Mk1A combat tanks for a total cost of USD 888.7 million.

Increasing usage of active protection systems is expected to boost market growth over the forecast period.  Vehicle armor market growth will be aided by technological advancements in active protection systems, modular ballistic armor systems, information integration, and active mine protection systems.

The major key players in the markets are Textron Inc., Rheinmetall AG, Oshkosh Corporation, General Dynamics Corporation, Ukroboronprom, BAE Systems plc, NORINCO, UralVagonZavod, IVECO; Krauss-Maffei Wegmann GmbH & Co. (KMW); Lenco Industries,  INKAS Armored Vehicle Manufacturing; Textron Inc., Rheinmetall AG, Oshkosh Corporation, General Dynamics Corporation, and Ukroboronprom.

Table of Contents

Market Definition

 

Market Segmentation

 

– By System

– By Mode of operation

– By Region

 

10 Year Market Outlook

 

The 10-year market outlook would give a detailed overview of changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

 

Market Technologies

 

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

 

Global Market Forecast

 

The 10-year market forecast of this market is covered in detailed across the segments which are mentioned above.

 

Regional Market Trends & Forecast

 

The regional market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking.

 

North America

 

– Drivers, Restraints and Challenges

– PEST

– Market Forecast & Scenario Analysis

– Key Companies

– Supplier Tier Landscape

– Company Benchmarking

 

Europe

Middle East

APAC

South America

 

Country Analysis

 

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

 

US

– Defense Programs

– Latest News

– Patents

– Current levels of technology maturation in this market

– Market Forecast & Scenario Analysis

 

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

 

Opportunity Matrix

 

The opportunity matrix helps the readers understand the high opportunity segments in this market.

 

Expert Opinions

 

Hear from our experts their opinion of the possible outlook for this market.

 

Conclusions

 

About Aviation and Defense Market Reports

Countries Covered

US

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

Regions Covered

North America

South America

Europe

Middle East

Asia

Segments Covered

By Region

By System

By Mode of Operation