This research report provides a comprehensive analysis of the Armoured Fighting Vehicles market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Armoured Fighting Vehicles market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Armoured Fighting Vehicles, challenges faced by the industry, and potential opportunities for market players.
The global Armoured Fighting Vehicles market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Armoured Fighting Vehicles market presents opportunities for various stakeholders, including Military, Commercial. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Armoured Fighting Vehicles market. Additionally, the growing consumer demand present avenues for market expansion.
The global Armoured Fighting Vehicles market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period.
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North America: Countries like the United States and Canada have a significant presence in the AFV market. The U.S., in particular, has a well-established defense industry with major manufacturers producing a range of armored vehicles.
Europe: European countries such as Germany, France, the United Kingdom, and Russia have historically been important players in the AFV market. Germany and France are known for their advanced tank manufacturing capabilities.
Asia-Pacific: Countries like China, South Korea, and India have been rapidly expanding their defense industries, including the production of armored vehicles. China, in particular, has been investing heavily in modernizing its military capabilities.
Key Features:
The research report on the Armoured Fighting Vehicles market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Armoured Fighting Vehicles market.
Market Overview: The report provides a comprehensive overview of the Armoured Fighting Vehicles market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Tanks, Troop Carriers), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Armoured Fighting Vehicles market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Armoured Fighting Vehicles market's trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Armoured Fighting Vehicles market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
Market Segmentation and Forecast: The report segment the Armoured Fighting Vehicles market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Armoured Fighting Vehicles market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Armoured Fighting Vehicles market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Armoured Fighting Vehicles, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Armoured Fighting Vehicles market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Armoured Fighting Vehicles market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Tanks
- Troop Carriers
- Armored Car
- Amphibious Vehicles
- Armored Engineering Vehicle
- Self Propelled Artillery
- Air Defense Vehicles
Market segment by Application
- Military
- Commercial
Global Armoured Fighting Vehicles Market Segment Percentages, By Region and Country, 2023 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Major players covered
- General Dynamics
- Northrop Grumman
- Raytheon
- Oto Melara
- Lockheed Martin
- Iveco
- Volgograd Tractor Plant
- Uralvagonzavod
- BAE Systems Plc
- MBDA
- Textron Systems
- Rafael Advanced Defense Systems
- AM General
- Boeing
- Larsen And Toubro
- Nexter
Outline of Major Chapters:
Chapter 1: Introduces the definition of Armoured Fighting Vehicles, market overview.
Chapter 2: Global Armoured Fighting Vehicles market size in revenue and volume.
Chapter 3: Detailed analysis of Armoured Fighting Vehicles manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Armoured Fighting Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Armoured Fighting Vehicles capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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Table of content
1 Introduction to Research & Analysis Reports
1.1 Armoured Fighting Vehicles Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Armoured Fighting Vehicles Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Armoured Fighting Vehicles Overall Market Size
2.1 Global Armoured Fighting Vehicles Market Size: 2023 VS 2030
2.2 Global Armoured Fighting Vehicles Revenue, Prospects & Forecasts: 2019-2030
2.3 Global Armoured Fighting Vehicles Sales: 2019-2030
3 Company Landscape
3.1 Top Armoured Fighting Vehicles Players in Global Market
3.2 Top Global Armoured Fighting Vehicles Companies Ranked by Revenue
3.3 Global Armoured Fighting Vehicles Revenue by Companies
3.4 Global Armoured Fighting Vehicles Sales by Companies
3.5 Global Armoured Fighting Vehicles Price by Manufacturer (2019-2024)
3.6 Top 3 and Top 5 Armoured Fighting Vehicles Companies in Global Market, by Revenue in 2023
3.7 Global Manufacturers Armoured Fighting Vehicles Product Type
3.8 Tier 1, Tier 2 and Tier 3 Armoured Fighting Vehicles Players in Global Market
3.8.1 List of Global Tier 1 Armoured Fighting Vehicles Companies
3.8.2 List of Global Tier 2 and Tier 3 Armoured
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The industrial players AM General, BAE Systems, Doosan DST, FNSS, General Dynamics, Iveco, KMW, Kurganmashzavod, Lockheed Martin, Navistar Defense, Nexter Systems, Norinco, Oshkosh, Panhard, Patria, Renault Trucks Defense, Rheinmetall Defence, Textron Inc, Thales Australia, Uralvagonzavod are all provided so as to make it easier for the audiences to understand the market growth rate.
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Increasing defense budgets, particularly in asia pacific, is anticipated to drive growth. Goodwill of the industry participants is expected to play a key role in contract allotments. Advancements such as increased fuel efficiency and efficient armor material are expected to fuel industry growth over the next seven years. Limited budget for military spending particularly in north america and europe may pose a challenge to the armored vehicle industry over the forecast period.
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Rising concerns regarding security from insurgent groups and terrorist attacks in countries across asia pacific have highlighted the need for modernization of military groups, pressing government bodies to allot more funds to the defense sector in the past few years. Countries such as india, china, and south korea are focusing on the procurement of enhanced armored vehicles, driving the global market. Developed nations such as uae, israel, saudi arabia, iran, and turkey are also substantially increasing their military budgets and increasing the numbers of technologically advanced armored vehicles in their military troops.
The demand for integration of technologically advanced electrical, photonic, and efficient and highly secure communication components in armored fleet to maintain an edge over extremist powers is gaining strength, stimulating the need for technological transformation for the market. In the next few years, continual investment in R&D activities, development of highly advanced, and innovative technologies will be the core of growth strategies adopted by key vendors, including Oshkosh Corporation, Elbit Systems Ltd., BAE Systems plc, Lockheed Martin Corporation, and Rheinmetall Defence.
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Armored Vehicles Market is expected to rise to US$ 35490 Million by 2023
The need for reducing the weight and size of vehicles deployed in the defense sector, and the demand for highly efficient, compact, and robust vehicles and weapons is also a key driver of the global armored vehicle market. Promising advancements on fronts such as communication medium, adaptability, navigation, surveillance, protection, and enhanced situational awareness are expected to appeal to an extended set of clients in the next few years.
By geography the global armored vehicle market is segmented into north america, europe, asia-pacific and rest of the world (row). The u.s., canada and mexico are covered under north america wherein europe covers russia, u.k., germany, france, italy and others. Asia-pacific covers china, india, japan and others. Row covers south america, middle east and africa.
The key players in the armored vehicle market include international armored group, lockheed martin, thales group, general dynamics corporation, bae systems, denel land systems, oshkosh defense, rheinmetall landsysteme gmbh, elbit systems ltd. And inkas armored vehicle manufacturing, among others.
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