Global Vehicles Upgrade And Retrofit Market. As per the MRFR analysis, modernization of military armored vehicles and need for SWaP reductions are the key factor driving the market.
The global Armored Vehicles Upgrade and Retrofit Market is expected to grow at a CAGR of around 3% during 2016-2021.
The vendors in the market focus on technological innovation in order to improve the size and weight of the vehicle thus controlling the overall ownership cost. Budget cuts and limited customer funding specially in Europe and North America has been the top most restraint of the market which would hamper the market growth in the forecast period.
- AM General
- FNSS Savunma Sistemleri
- MKU, Oshkosh Defense
- Sabiex International
- BAE Systems
- Diehl Defence
- Elbit Systems
- General Dynamics
- Palbam, Rheinmetall
- Thales Group
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Global armored Vehicles Upgrade and Retrofit Market ($ billion), 2016-2021
As per the MRFR analysis, modernization of military armored vehicles and need for SWaP reductions are the key factor driving the market. The vendors in the market focus on technological innovation in order to improve the size and weight of the vehicle thus controlling the overall ownership cost. Budget cuts and limited customer funding specially in Europe and North America has been the top most restraint of the market which would hamper the market growth in the forecast period.
By Vehicle Types
- Armored Personnel Carrier
- Main Battle Tank
- Mine Resistant Ambush Protected
- Others (Tactical Truck, IFV, LMV)
- Americas (North & Latin)
- Asia – Pacific
- Middle East & Africa
- APAC market was valued at $XX billion in 2015, and is expected to reach $XX billion by 2021, growing at a CAGR of around 5%
- To reduce the overall ownership cost (including maintenance), “Cost Per Mile” is new parameter on which vendors are working to bring down maintenance costs, fuel costs, and training and operating costs.
- Vetronics (vehicle electronics) is the most expensive part of the armored vehicle
Regional and Country Analysis
Americas is the dominant player in the market with a market share of around 42%, and is likely to lead both in terms of sales and CAGR in the forecast period.
APAC will grow significantly, followed by EMEA and Americas. Many countries in APAC are undergoing major military vehicles modernization programs. As a result, the military armoured vehicle upgrade and retrofit market is expected to witness a substantial growth during the forecast period.
Table of Content
1.1 Report Description
1.2 Research Objective
2. Executive Summary
2.1 Key Findings / Highlights
2.1.1 Investment Opportunities
2.1.2 Market Strategies
2.1.3 Latest Developments
3. Scope of the Study
3.1 Markets Covered
3.2 Years Considered For the Study (2016-2021)
3.2 Geographic Scope
3.3 Key Stakeholders
4. Assumptions and Limitations
5. Research Methodology
5.1 Primary Research
5.2 Secondary Research
5.3 Econometric and Forecasting Model
6. Market Size Estimation
6.1 Top down Approach
6.2 Bottom up Approach
7. Market Factor Analysis
7.1 Value Chain Analysis
7.2 Supply Chain Analysis
7.3 Porter’s Five Forces Analysis
8. Market Dynamics
9. Market Segmentation
9.1 By Vehicle Types
9.2 By Region
10. Global Armored Vehicles Upgrade and Retrofit Market by Vehicle Types, 2016-2021
10.1 Market Size by Vehicle Types ($ Billions)
10.1.1 Armoured Personnel Carrier (APC)
10.1.2 Mine-Resistant Ambush Protected (MRAP)
10.1.3 Main Battle Tank (MBT)
Armored Vehicles Upgrade and Retrofit Market research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Vehicles Upgrade And Retrofit Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.
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