The Global Armored Vehicles Market: Market drivers, trends, developments and challenges

Pages: 24
Published: December 2015
Report Code: ML00019-073
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The market is expected to be dominated by countries in the Asia-Pacific region, followed by North America and Europe. Market saturation in the US and higher CAGR growth of the Asian countries during the forecast period are anticipated to be the major reasons for the emergence of the Asia Pacific region as the biggest armored vehicles and related MRO market.

Scope

Analyze the size of the global armored vehicle market.

Assess the future direction and size of the market.

Examine the growth drivers in the global armored vehicle market.

Assess the trends and challenges in the market.

Reasons to buy

How big is the global armored vehicle market?

What are the future projections for the market?

What is driving this market?

What potential challenges exist?

Companies mentioned

None

OVERVIEW

Catalyst

Summary

MARKET WILL GROW, SPURRED BY ASIA-PACIFIC

Global armored vehicles and MRO market expected to increase during forecast period

Asia Pacific expected to lead global armored vehicles and MRO market

Slower growth in North America and Europe

MODERNIZATION INITIATIVES, INCREASED THREATS & DEFENSE BUDGETS DRIVE GROWTH

Modernization initiatives drive demand for armored vehicles and related MRO services

Increased security threats drive demand for armored vehicles

Defense spending grows even amid economic turmoil

Low growth in North America and Europe

Emerging economies ramp up spending

KEY TRENDS: SHIFT TO UPGRADES, NEW TECHNOLOGIES, AND CONSOLIDATION

Shift of focus from procurements to upgrade programs due to budget cuts across global markets

Vehicle-mounted directed energy weapons (DEW) lasers will be the new weapons for armored vehicles

Increased need for vehicle survivability has necessitated the development and fielding of active protection systems

Migration to wheeled platforms from tracked platforms

Modular platforms growing in popularity

Partnerships and collaboration: a growing feature

Large defense companies acquiring smaller firms with niche technology capabilities

KEY CHALLENGES: DEFENSE BUDGET RESTRAINTS AND NEED TO INTEGRATE NEW TECHNOLOGIES

Defense budget cuts to impact the market

Need to integrate complex technology may result in cost overruns and program delays

CONCLUSIONS

Modernization drives market on despite budgetary restraints

APPENDIX

Definitions

List of Tables

List of Figures

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