Armored vehicle market forecast to reach $26.79 billion by 2022 “The global armored vehicle market size was estimated at USD 22.2 billion in 2014. Increasing focus to safeguard soldiers from any external and internal threat is anticipated to favor industry growth” The global armored vehicle market is expected to reach USD 26.79 billion by 2022, according to a new report by Grand View Research, Inc. Increasing defense expenditure worldwide to improve military capabilities is expected to contribute to revenue growth. Rising internal and external terrorism activity worldwide is expected to drive industry demand over the forecast period. Technology advancements such as unmanned vehicles are expected to fuel market growth. Increased focus of government such as India, China and the U.S. will contribute to industry growth. Detailed Research Report available at: http://www.grandviewresearch.com/industry-analysis/armored-vehicle-market Follow Us: According to Department of Industrial Policy & Promotion (DIPP) Indian government is expected to make investment of USD 130 billion on defense forces and additional USD 110 billion on homeland security over the next seven years. Rising unrest or civil war such as civil war in Iraq may also drive the armored vehicle market. Companies are continuously investing in R&D to drive new technology and products. Enhanced fuel efficiency and protection are key aspects for future development. Budget limitations and macroeconomic conditions may delay the ongoing or future development over the forecast period. Further key findings from the report suggest: APC is key product segment and estimated to grow at a CAGR of 2.5% from 2015 to 2022. They are primarily used for safer deployment of infantry to battle fields or high threat areas and can be distinguished from IFVs based on the weapons they carry. Principally, APCs are not intended to take part in direct-fire battle, but are armored to provide protection from shrapnel and small arms fire and armed for self-defense. Mine-resistant ambush protected (MRAP) market is expected to growth at a CAGR of over 2.5%. Armored vehicles can be used to enhance defense capabilities, maintain homeland security, and for commercial applications. Homeland security works to prevent terrorist attacks with the country, reduce the vulnerability to terrorism, and minimize the damage from attacks that do occur. Asia Pacific armored vehicle market is estimated to be the key regional segment and accounted for over 30% of the overall revenue share in 2014. Rising defense budget of countries and increase in border or terrorism threats in Asia Pacific is expected to contribute to regional growth over the forecast period. North America Follow Us: armored vehicle market is estimated to hold over 25% of overall revenue share by 2022. This industry is highly competitive, key industry participants include BAE Systems, General Dynamics Corporation, Elbit Systems, INKAS, International Armored Group, Krauss-Maffei Wegmann, Iveco, Rheinmetall Ag, Lenco Industries, Inc, and Lockheed Martin. In September 2015, BAE Systems announced that it delivered the first production series ARCHER artillery system to the Swedish Defense Materiel Administration (FMV). Lenco Industries’ Bearcat and BEAR are used as military counter attack and rescue automobile; they are also used as patrol automobile on a military base or in urban environment. Read our blog on armored vehicle market: http://www.grandviewresearch.com/blog/armored-vehicle-industry Table of content of global armored vehicle market research report: Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Armored vehicle - Industry snapshot and key buying criteria, 2012 2022 Follow Us: Chapter 3. Armored Vehicle Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects 3.3. Armored vehiclevalue chain analysis 3.3.1. Vendor landscape 3.4. Armored vehiclemarket dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis 3.5. Key opportunities prioritized 3.6. Industry analysis - Porter's 3.7. Company market share, 2014 3.7.1. Company strategy overview 3.8. Armored Vehicle market PESTEL analysis, 2014 Chapter 4. Armored Vehicle Product Outlook 4.1. Armored vehicle market share by product, 2014 & 2022 4.2. Armored Personnel Carriers (APC) 4.2.1. Global market estimates and forecasts, 2012 - 2022 Follow Us: 4.3. Infantry Fighting Vehicles (IFV) 4.3.1. Global market estimates and forecasts, 2012 - 2022 4.4. Light Protected Vehicles (LPV) 4.4.1. Global market estimates and forecasts, 2012 - 2022 4.5. Main Battle Tanks (MBT) 4.5.1. Global market estimates and forecasts, 2012 - 2022 4.6. Mine-resistant Ambush Protected (MRAP) 4.6.1. Global market estimates and forecasts, 2012 - 2022 4.7. Tactical trucks 4.7.1. Global market estimates and forecasts, 2012 - 2022 4.8. Others 4.8.1. Global market estimates and forecasts, 2012 - 2022 Chapter 5. Armored Vehicle ApplicationOutlook 5.1. Armored vehicle market share by application, 2014 & 2022 5.2. Defense 5.2.1. Global market estimates and forecasts, 2012 - 2022 5.3. Homeland security Follow Us: 5.3.1. Global market estimates and forecasts, 2012 - 2022 5.4. Commercial 5.4.1. Global market estimates and forecasts, 2012 - 2022 Chapter 6. Armored Vehicle Regional Outlook 6.1. Armored vehicle market share by region, 2014 & 2022 6.2. North America 6.2.1. Armored vehicle market by product, 2012 - 2022 6.2.2. Armored vehicle market by application, 2012 - 2022 6.2.3. U.S. 6.2.3.1. Armored vehicle market by product, 2012 - 2022 6.2.3.2. Armored vehicle market by application, 2012 - 2022 6.2.4. Canada 6.2.4.1. Armored vehicle market by product, 2012 - 2022 6.2.4.2. Armored vehicle market by application, 2012 - 2022 6.3. Europe 6.3.1. Armored vehicle market by product, 2012 - 2022 6.3.2. Armored vehicle market by application, 2012 - 2022 Follow Us: 6.3.3. UK 6.3.3.1. Armored vehicle market by product, 2012 - 2022 6.3.3.2. Armored vehicle market by application, 2012 - 2022 6.3.4. Germany 6.3.4.1. Armored vehicle market by product, 2012 - 2022 6.3.4.2. Armored vehicle market by application, 2012 - 2022 6.3.5. Russia 6.3.5.1. Armored vehicle market by product, 2012 - 2022 6.3.5.2. Armored vehicle market by application, 2012 - 2022 6.4. Asia Pacific 6.4.1. Armored vehicle market by product, 2012 - 2022 6.4.2. Armored vehicle market by application, 2012 - 2022 6.4.3. China 6.4.3.1. Armored vehicle market by product, 2012 - 2022 6.4.3.2. Armored vehicle market by application, 2012 - 2022 6.4.4. Japan 6.4.4.1. Armored vehicle market by product, 2012 - 2022 Follow Us: 6.4.4.2. Armored vehicle market by application, 2012 - 2022 6.4.5. India 6.4.5.1. Armored vehicle market by product, 2012 - 2022 6.4.5.2. Armored vehicle market by application, 2012 - 2022 6.5. Latin America 6.5.1. Armored vehicle market by product, 2012 - 2022 6.5.2. Armored vehicle market by application, 2012 - 2022 6.5.3. Brazil 6.5.3.1. Armored vehicle market by product, 2012 - 2022 6.5.3.2. Armored vehicle market by application, 2012 - 2022 6.5.4. Mexico 6.5.4.1. Armored vehicle market by product, 2012 - 2022 6.5.4.2. Armored vehicle market by application, 2012 - 2022 6.6. Middle East & Africa 6.6.1. Armored vehicle market by product, 2012 - 2022 6.6.2. Armored vehicle market by application, 2012 - 2022 6.6.3. Saudi Arabia Follow Us: 6.6.3.1. Armored vehicle market by product, 2012 - 2022 6.6.3.2. Armored vehicle market by application, 2012 - 2022 6.6.4. UAE 6.6.4.1. Armored vehicle market by product, 2012 - 2022 6.6.4.2. Armored vehicle market by application, 2012 - 2022 Chapter 7. Competitive Landscape 7.1. BAE Systems 7.1.1. Company Overview 7.1.2. Financial Performance 7.1.3. Product Benchmarking 7.1.4. Strategic Initiatives 7.2. Elbit Systems 7.2.1. Company Overview 7.2.2. Financial Performance 7.2.3. Product Benchmarking 7.2.4. Strategic Initiatives 7.3. General Dynamics Corporation Follow Us: 7.3.1. Company Overview 7.3.2. Financial Performance 7.3.3. Product Benchmarking 7.3.4. Strategic Initiatives 7.4. INKAS 7.4.1. Company Overview 7.4.2. Financial Performance 7.4.3. Product Benchmarking 7.4.4. Strategic Initiatives 7.5. International Armored Group 7.5.1. Company Overview 7.5.2. Financial Performance 7.5.3. Product Benchmarking 7.5.4. Strategic Initiatives 7.6. Iveco 7.6.1. Company Overview 7.6.2. Financial Performance Follow Us: 7.6.3. Product Benchmarking 7.6.4. Strategic Initiatives 7.7. Krauss-MaffeiWegmann 7.7.1. Company Overview 7.7.2. Financial Performance 7.7.3. Product Benchmarking 7.7.4. Strategic Initiatives 7.8. Lenco Industries, Inc 7.8.1. Company Overview 7.8.2. Financial Performance 7.8.3. Product Benchmarking 7.8.4. Strategic Initiatives 7.9. Lockheed Martin 7.9.1. Company Overview 7.9.2. Financial Performance 7.9.3. Product Benchmarking 7.9.4. Strategic Initiatives Follow Us: 7.10. Navistar International Corporation 7.10.1. Company Overview 7.10.2. Financial Performance 7.10.3. Product Benchmarking 7.10.4. Strategic Initiatives 7.11. Oshkosh Defense 7.11.1. Company Overview 7.11.2. Financial Performance 7.11.3. Product Benchmarking 7.11.4. Strategic Initiatives 7.12. Rheinmetall Ag 7.12.1. Company Overview 7.12.2. Financial Performance 7.12.3. Product Benchmarking 7.12.4. Strategic Initiatives 7.13. STAT Industry 7.13.1. Company Overview Follow Us: 7.13.2. Financial Performance 7.13.3. Product Benchmarking 7.13.4. Strategic Initiatives 7.14. Textron, Inc. 7.14.1. Company Overview 7.14.2. Financial Performance 7.14.3. Product Benchmarking 7.14.4. Strategic Initiatives 7.15. Thales Group 7.15.1. Company Overview 7.15.2. Financial Performance 7.15.3. Product Benchmarking 7.15.4. Strategic Initiatives Follow Us: About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: [email protected] Web – http://www.grandviewresearch.com/ Follow Us:
The global armored vehicle market is expected to reach USD 26.79 billion by 2022, according to a new report by Grand View Research, Inc. Increasing defense expenditure worldwide to improve military capabilities is expected to contribute to revenue growth. Rising internal and external terrorism activity worldwide is expected to drive industry demand over the forecast period. Technology advancements such as unmanned vehicles are expected to fuel market growth. Increased focus of government such as India, China and the U.S. will contribute to industry growth. Click here - http://www.grandviewresearch.com/industry-analysis/armored-vehicle-market
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