The Global Armored Vehicles Market Report by The Business Research Company covers armored vehicles market drivers and restraints, armored vehicles market size, major players, and the impact of COVID-19 on the armored vehicles market.
The armored vehicles market consists of sales of armored vehicles by entities (organizations, sole traders and partnerships) that produce armored vehicles. The armored fighting vehicle is a self-propelled, weaponized military vehicle used for combat operations.
Increased military spending is expected to fuel the growth of the armored vehicles market over coming years. The global armored vehicles market is expected to decline from $5.69 billion in 2020 to $5.68 billion in 2021 at a compound annual growth rate (CAGR) of -0.2%. The armored vehicles market is anticipated to record a decline in market revenues in 2021 on account of post-COVID-19 implications involving workforce shortages and operational challenges and slowdown in global manufacturing activities. The armored vehicles market is expected to reach $6.35 billion in 2025 at a CAGR of 2.8%.
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Some armored vehicles market trends include the unmanned armored vehicle. It is a key trend gaining the popularity in the armored vehicles market. The use of unmanned armored vehicles in the defense sector is increasingly evolving and military organisations around the globe are experimenting with their use in an attempt to understand what actually such systems can bring and how they can best be incorporated into existing power structures.
Global armored vehicles market segments include:
1) By Vehicle Type: Armored Personnel Carrier, Infantry Fighting Vehicle, Main Battle Tanks, Tactical Truck, Bus, Others.
2) By Platform: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles.
3) By System: Engine, Drive System, Ballistic Armor, Fire Control System (FCS), Armaments, Ammunition Handling System, Countermeasure System, Command And Control System, Others.
4) By Mobility: Tracked, Wheeled, 4X4, 6X6, 8X8, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Armored Vehicles Global Market Report 2021: COVID-19 Impact and Recovery To 2030 is one of a series of new reports from The Business Research Company that provides armored vehicles market overviews, analyzes and forecasts market size, share, armored vehicles market players, armored vehicles market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The armored vehicles identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Armored Vehicles Global Market Report 2021: COVID-19 Impact and Recovery To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: BAE Systems, Oshkosh Corp, International Armored Group, General Dynamics Land Systems, Textron, Rheinmetall, Lockheed Martin.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Armored Vehicles Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Armored Vehicles Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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