Armored Fighting Vehicles Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Armored Fighting Vehicles market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Armored Fighting Vehicles Market report is anticipated to register a CAGR of 6% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Armored Fighting Vehicles Market are –
- General Dynamics
- Northrop Grumman
- Lockheed Martin
- BAE Systems Plc
- Rafael Advanced Defense Systems
- Defense Research and Development Organization
The market is expected to grow at a CAGR of over 6% to reach a market value of USD 50 billion by the year 2023. This growth can be connected to the increasing incidences of armed conflicts, violence, and terrorism, which are driving the demand for armored vehicles, among defense and commercial end users, globally.
Based on technology, active mine protection system is expected to be the largest segment of the global armored vehicles market during the forecast period. Defense sector emerges as the largest demand in the global armored vehicles market while commercial sector is expected to witness the fastest growth during the forecast period (2018 – 2023). Infantry fighting vehicles are the largest segment in the global defense armored vehicles market, by product. The segment is expected to follow the same trend during the forecast period (2018 – 2023).
The US and the European nations were the biggest consumers of armored vehicles for a considerable period. However, in the past few years both the US and European governments decided to cut down their defense budgets. This significantly affected the demand for armored vehicles, however, the growing security concerns in the Asia-Pacific region and the peace initiative missions undertaken by the Middle East nations have helped in reducing the impact to a considerable level. Additionally, the multilateral collaboration between North Atlantic Treaty Organization (NATO) and the African Union to counter terrorism is expected to further propel the growth of global armored vehicles market during the forecast period.
Some of the key players in the Armored Fighting Vehicles Market are GENERAL DYNAMICS, RAYTHEON, URALVAGONZAVOD, BAE SYSTEMS, MBDA amongst others.
Growing Demand for Armored Fighting Vehicles Market
Increasing internal & external security threats which led to the increase of violence in countries such as Syria, Iraq and other countries in the world are driving global armored vehicles market. Increasing military expenditure especially in emerging economies and increasing popularity of rental & leasing of armored cars among civilians also supports the growth of the market. The major factor hindering the growth of the overall market includes the lack of regulatory standards across the globe. Additionally, the withdrawal of troops from Afghanistan and Iraq by the U.S. and their allies have hindered the North American market at a considerable level thereby resulting in a steady decline in the region. Moreover, the U.S. and European nations witnessed a decline in the defense budgets in the recent years, which is expected to further hamper the growth of global armored vehicles market during the forecast period (2018 – 2023).
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Scope of the Report:
The report analyses Armored Fighting Vehicles market, which includes –
- Analysis of the growth of Armored Fighting Vehicles market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Armored Fighting Vehicles market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Armored Fighting Vehicles market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Armored Fighting Vehicles market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Armored Fighting Vehicles Market Report:
- Varying dynamics of the Armored Fighting Vehicles industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Armored Fighting Vehicles market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Armored Fighting Vehicles market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Armored Fighting Vehicles Market Report:
- The report analyses how stringent emission control norms will drive the global Armored Fighting Vehicles market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Armored Fighting Vehicles market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Armored Fighting Vehicles:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Armored Fighting Vehicles Market Report @ https://www.360marketupdates.com/TOC/12885639#TOC
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