Armored Vehicles Market to Reach USD 40.8 Billion by 2024

Posted July 12, 2018 by Steveblade

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
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 requires 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 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.Global 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 increasing 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 VehiclesMarket 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 (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Armored Vehicles MarketOutlook 2024”contains detailed overview of the globalarmored vehicles market.On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, technology and application.
Further, for the in-depth analysis, Global Armored Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asInternational 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. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Objective of Report:
• To analyze and forecast market size armored vehicles market
• To calculate the expected growth rate of armored vehicles market.
• To identify market Key Players, driving factors, & trends of armored vehicles market with the help of SWOT Analysis.
• To identify and analyze the profiles of leading players involved in the manufacturing and supplying of armored vehicles market
• To identify market opportunities for the existing and entry level players.
Overall, the report represents the global armored vehicles market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on aviation and defense industry reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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Issued By Steve Blade
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Categories Reports
Last Updated July 12, 2018