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Exclusive Report on Armored Vehicles Upgrade and Retrofit Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Armored

The “Armored Vehicles Upgrade and Retrofit Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Armored Vehicles Upgrade and Retrofit Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Armored Vehicles Upgrade and Retrofit market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Armored Vehicles Upgrade and Retrofit Market Are:

  • BAE Systems PLC
  • CMI Group
  • Textron Inc.
  • Elbit Systems Ltd
  • General Dynamics Corporation
  • Rheinmetall AG
  • RUAG Group
  • Thales SA
  • Krauss
  • Maffei Wegmann
  • AM General
  • Oshkosh Corporation
  • FNSS Savunma Sistemleri

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    Market Overview:

  • The armored vehicles upgrade and retrofit market is anticipated to register a CAGR of above 3% during the forecast period.
  • The rise in terrorism and hostile activities around the world are increasing the demand for incorporating the latest technologies into the land vehicles, which, in turn, acts as a driver for the armored vehicles upgrade and retrofit market.
  • The aging fleet of armored vehicles is forcing countries to invest in upgrade programs to increase the efficiency, lethality, and connectivity of the vehicles. This is expected to be the biggest driver for the armored vehicles upgrade and retrofit market during the forecast period.
  • The development of advanced weapon systems, communication systems, as well as new materials for the protection/armor of the vehicles, will create the need for an upgrade of existing armored vehicles, thereby, creating future market opportunities for the armored vehicles upgrade and retrofit mar

    Scope of the Report:

  • The market covers all military armored vehicles and the maintenance, repair, and overhaul services along with upgrade and retrofits that are done to these armored vehicles. The addition of new technology or features to older systems/subsystems is mentioned under retrofit in the study. Upgrade covers replacement of parts/systems/subsystems with newer generation ones. Armored personnel carrier (APC), infantry fighting vehicle (IFV), mine-resistant ambush protected (MRAP), main battle tank (MBT), armored cars, vehicles carrying armored self-propelled artillery, light armored vehicles, armored ambulance, armored recovery vehicles, assault amphibious vehicle, armored vehicle-launched bridge (AVLB), armored utility vehicles, and other support vehicles are some of the examples of vehicles that are included in the study.

    Armored Vehicles Upgrade and Retrofit Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Armored Vehicles Upgrade and Retrofit market?
    • What are the key market trends impacting the growth of the global Armored Vehicles Upgrade and Retrofit market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Armored Vehicles Upgrade and Retrofit market?
    • What are the market opportunities and threats faced by the vendors in the global Armored Vehicles Upgrade and Retrofit market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Armored Vehicles Upgrade and Retrofit market?

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    Key Market Trends:

    Infantry Fighting Vehicle (IFV) segment to experience the highest growth

    The infantry fighting vehicle (IFV) segment of the market is expected to register the highest CAGR during the forecast period. The countries are working on the improvement of fire control, firepower, ergonomic and functional characteristics of the aging infantry fighting vehicles. The use of artificial intelligence and robotic combat modules like systems that can automatically detect and track targets are getting a high demand and the integration of these technologies into these vehicles is expected to propel the growth of this segment.

    North America dominates in terms of market share

    North America is currently the largest market and is expected to remain so during the forecast period. The increasing defense spending over the years along with the large ground vehicle fleet are two major reasons for the United States to carry out modernization programs to the increasing life span of the existing fleet. The country’s army operates one of the oldest fleets of Abraham tanks that have been in service since the 1980s. The US government initiated a project to modernize its fleet of armored vehicles back in 2009 and contracted General Dynamics Corporation to upgrade the battle tanks, APCs, IFVs, and other armored vehicles over the years. This is expected to further increase the modernization to integrate the latest technologies into the fleet of armored vehicles.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Armored Vehicles Upgrade and Retrofit Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Armored Vehicles Upgrade and Retrofit .

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    Report Objectives:

    • Analyzing the size of the Armored Vehicles Upgrade and Retrofit market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Armored Vehicles Upgrade and Retrofit market.
    • Determining the key dynamics of the Armored Vehicles Upgrade and Retrofit market.
    • Highlighting significant trends of the Armored Vehicles Upgrade and Retrofit market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Armored Vehicles Upgrade and Retrofit market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Armored Vehicles Upgrade and Retrofit market.

    Detailed TOC of Armored Vehicles Upgrade and Retrofit Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porters Fives Force Analysis
    4.4.1 Bargaining Power of Buyers/Consumers
    4.4.2 Bargaining Power of Suppliers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Vehicle Type
    5.1.1 Armored Personnel Carrier (APC)
    5.1.2 Infantry Fighting Vehicle (IFV)
    5.1.3 Mine-Resistant Ambush Protected (MRAP)
    5.1.4 Main Battle Tank (MBT)
    5.1.5 Other Vehicle Types
    5.2 Geography
    5.2.1 North America
    5.2.1.1 US
    5.2.1.2 Canada
    5.2.2 Europe
    5.2.2.1 UK
    5.2.2.2 France
    5.2.2.3 Germany
    5.2.2.4 Rest of Europe
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 India
    5.2.3.3 Japan
    5.2.3.4 Rest of Asia-Pacific
    5.2.4 Latin America
    5.2.4.1 Brazil
    5.2.4.2 Mexico
    5.2.4.3 Rest of Latin America
    5.2.5 Middle East & Africa
    5.2.5.1 UAE
    5.2.5.2 Saudi Arabia
    5.2.5.3 Israel
    5.2.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 BAE Systems PLC
    6.4.2 CMI Group
    6.4.3 Textron Inc.
    6.4.4 Elbit Systems Ltd
    6.4.5 General Dynamics Corporation
    6.4.6 Rheinmetall AG
    6.4.7 RUAG Group
    6.4.8 Thales SA
    6.4.9 Krauss-Maffei Wegmann
    6.4.10 AM General
    6.4.11 Oshkosh Corporation
    6.4.12 FNSS Savunma Sistemleri

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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