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The global armored vehicles and related MRO market valued US$22.1 billion in 2015, and will increase at a CAGR of 3.97% during the forecast period, to reach US$32.6 billion by 2025. The market consists of six categories: APCs, LMVs, IFVs, MRAPs, MBTs, Tactical Trucks and related MRO.
Reasons To Buy
"The Global Armored Vehicles and MRO Market 2015-2025 - Market Size and Drivers: Market Profile" allows you to:
- Gain insight into the Armored Vehicles and MRO market with current and forecast market values.
- Understand the key drivers and attractiveness parameters of the global Armored Vehicles and MRO market.
- Understand the various factors impacting the growth of the Armored Vehicles and MRO market.
Table of Contents
1.1 What is this Report About?
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Global Armored vehicles and MRO Market Size and Drivers
2.1 Armored vehicles and MRO Market Size and Forecast 2015-2025
2.1.1 Global armored vehicles and MRO market expected to increase during the forecast period
2.2 Global Armored vehicles and MRO Market - Regional Analysis
2.2.1 Asia Pacific is expected to lead the global armored vehicles and MRO market
2.2.2 Asia Pacific to be the largest market for armored vehicles and MRO services
2.2.3 New programs in armored vehicles in the US to support the global armored vehicles and related MRO market
2.2.4 Armored vehicles and MRO market to be robust in Europe despite budgetary pressures
2.2.5 Saudi Arabia and UAE expected to lead the armored vehicles and related MRO market in the Middle East
2.2.6 Brazil to lead the armored vehicles and MRO sector in the Latin American region
2.2.7 Demand for armored vehicles and MRO services in Africa is expected to reach US$932 million by 2025
2.3 Armored vehicles and MRO Sub-Sector Market Size Composition
2.3.1 IFVs to account for the highest share of the global armored vehicles and MRO market
2.3.2 Market size of MBTs expected to grow at a CAGR of 3.04% during forecast period
2.3.3 Armored Personnel Carriers market to experience a marginal increase
2.3.4 MRAPs to account for fifth largest share during the forecast period
2.3.5 Expenditure on LMVs to grow at a CAGR of 7.71% over the forecast period
2.3.6 Expenditure on tactical trucks anticipated to account for 7% of the global market of armored vehicles
2.4 Demand Drivers and Growth Stimulators
2.4.1 Increasing costs and survivability issues result in demand for unmanned armored vehicles
2.4.2 Rise in asymmetric warfare driving the growth and innovation in the sector
2.4.3 International peacekeeping missions expected to propel demand for armored vehicles and related MRO services
2.4.4 Modernization initiatives will drive the demand for armored vehicles and related MRO services
2.4.5 Internal and external security threats fuel the global demand for armored vehicles and related MRO services
2.5 Defense Budget Spending Review
2.5.1 Asian defense budgets expected to increase at a robust pace
2.5.2 North American defense expenditure projected to increase marginally during the forecast period
2.5.3 European capital expenditure expected to increase during the forecast period
2.5.4 Modernization programs likely to drive defense expenditure in South American countries
2.5.5 Military budgets of African countries expected to increase during the forecast period
2.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period
2.6 Defense Modernization Review
2.6.1 Financial constraints causing delays in European defense modernization programs
2.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions
2.6.3 Global economic slowdown leading to defense budget cuts in the North American region
2.6.4 Need to replace aging equipment driving South American defense expenditure
2.6.5 Security threats increasing the defense budget of African countries
2.6.6 Demand for armored vehicles is likely to increase in the Middle East
3.2 About SDI
List of Tables
Table 1: Global Armored vehicles and MRO Market Overview
Table 2: Global Armored vehicles and MRO Market Overview
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