Armored vehicles are security vehicles used for transport under armed security and even by replacing standard windows with bulletproof glass motor vehicle with a high degree of security. Increasing internal & external security threats and increasing violence are driving global armored vehicle market. Moreover, increasing defense expenditure, especially in emerging economies and increasing popularity of rental & leasing of armored cars among civilians, support the growth of the market while the lack of regulatory standards across the globe acts as a major driver for the market.
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Key Players of Armored Vehicles Market:
- General Dynamics Corporation (U.S.)
- BAE Systems, Plc. (U.K.)
- Lockheed Martin (U.S.)
- Elbit Systems Ltd
- Textron (U.S.)
- WELP Armouring (Germany)
- Denel Land Systems (South Africa)
- Oshkosh Corporation (U.S.)
- INKAS Armored Vehicle Manufacturing (Canada)
- Thales Group
Market Research Future Analysis:
Market Research Future analysis projects a growth of USD 32.26 Billion for the global armored vehicles market by the end of the forecast period.
The armored vehicles market in Asia-Pacific region is expected to have a high growth in during the forecast period. the market growth is being pushing due to factors such as increasing military expenditures in major economies such as China and India, rising demand by governments and increasing investments by governments for modernization of military as well as it is pushed by the law enforcement forces. Moreover, Homeland security and border protection are driving modernization programs and opening potential market development in regions such as the Middle East, Asia and Latin America. The global armored vehicle market is expected to grow at CAGR of 5.8 %during the forecast period.
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Armored Vehicles Market, By Defense Products
4.2 Armored Personnel Carriers (APC)
4.3 Infantry Fighting Vehicle (IFV)
4.4 Light Protected Vehicle (LPV)
4.5 Main Battle Tanks (MBT)
4.6 Mine-Resistant Ambush Protected (MRAP)
4.6 Tactical Trucks
5 Global Armored Vehicles Market, By Application
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