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- Analyze the size of the global armored vehicle market.
- Assess the future direction and size of the market.
- Examine the growth drivers in the global armored vehicle market.
- Assess the trends and challenges in the market.
Reasons To Buy
How big is the global armored vehicle market?
What are the future projections for the market?
What is driving this market?
What potential challenges exist?
Table of Contents
MARKET WILL GROW, SPURRED BY ASIA-PACIFIC
Global armored vehicles and MRO market expected to increase during forecast period
Asia Pacific expected to lead global armored vehicles and MRO market
Slower growth in North America and Europe
MODERNIZATION INITIATIVES, INCREASED THREATS and DEFENSE BUDGETS DRIVE GROWTH
Modernization initiatives drive demand for armored vehicles and related MRO services
Increased security threats drive demand for armored vehicles
Defense spending grows even amid economic turmoil
Low growth in North America and Europe
Emerging economies ramp up spending
KEY TRENDS: SHIFT TO UPGRADES, NEW TECHNOLOGIES, AND CONSOLIDATION
Shift of focus from procurements to upgrade programs due to budget cuts across global markets
Vehicle-mounted directed energy weapons (DEW) lasers will be the new weapons for armored vehicles
Increased need for vehicle survivability has necessitated the development and fielding of active protection systems
Migration to wheeled platforms from tracked platforms
Modular platforms growing in popularity
Partnerships and collaboration: a growing feature
Large defense companies acquiring smaller firms with niche technology capabilities
KEY CHALLENGES: DEFENSE BUDGET RESTRAINTS AND NEED TO INTEGRATE NEW TECHNOLOGIES
Defense budget cuts to impact the market
Need to integrate complex technology may result in cost overruns and program delays
Modernization drives market on despite budgetary restraints
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