MarkNtel Advisors, a foremost research, consulting, and data analytical establishment, has recently issued a comprehensive research study on “Armored Vehicles Market Size, Share, Analysis, Sales Forecast 2023-2028”. In the report we have stressed on putting forward a high-level understanding of the market & its various applications to assist the client in better analyzing the industry & its diverse sections.
What does the Study Entails in Armored Vehicles Market Research Report?
- By following rigorous research methodologies, our well-qualified researchers & analysts have put emphasize upon the market size, yearly growth, potential growth factors, profitable opportunities, and several other impactful details.
- The study consists restraints, supply demand risks & pattern, unbiased statistics, as well as complete analysis of the historic, present & future period.
- The SWOT & Porter’s Five Forces Analysis frameworks have also been included to highlight the report’s primary findings.
- The Armored Vehicles Market’s attractiveness is outlined in the study, putting an emphasis on the services, mode of operation, and end users.
- The crucial aspects of the market consisting of industry research, competitive intelligence, market entry strategy, pricing trends, sustainability trends, customer insights, technology evolution, innovation trends, and distribution channel assessment are also enlisted in the report
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Explore the Key Insights & Dynamic of the Armored Vehicles Market
Rising Defense Budget and Cross-Border Disputes in Numerous Countries
Increasing defense expenditure and budget in several countries with rising cross-border disputes has primarily driven the market. The prevalence of conflicts, terrorist activities, and wars worldwide requires numerous countries to strengthen their military equipment and vehicles, fueling market expansion. Likewise, growing emphasis on the sustainability of military vehicles and personnel safety through added advanced safety features with increasing humanitarian missions also adds to the market acceleration. For instance,
- In April 2021, Israel’s Ministry of Defense (MOD) signed a contract with Israel Aerospace Industries (IAI) to manufacture and supply nine Z-MAG all-terrain vehicles to the Israel Defense Forces (IDF), with an option to order 21 additional units.
Getting Familiar with the Top Players in the Armored Vehicles Market
Market players are the major role-players contributing to the growth of any industry. In this study, you’ll get a chance to identify them, their recent developments, the latest innovations or inventions, and many more. Look forward to knowing them:
– L3Harris Technologies, Inc.
– Hanwha Group
– General Dynamics Corporation
– Lockheed Martin Corporation
– Northrop Grumman
– Oshkosh Defense, LLC
– BAE Systems
– Thales Group
– ST Engineering
– Mitsubishi Heavy Industries
– Textron Systems
– Denel Soc Ltd
– FNSS
– Arquus
– Iveco Defence Vehicles
– Others
Recent Developments in the Armored Vehicles Market:
- In January 2022, Oshkosh Defence, LLC launched its first hybrid-electric Joint Light Tactical Vehicle (JLTV)
- In April 2021, L3Harris Technologies and American Rheinmetall Vehicles signed an agreement to develop the U.S. Army’s new Optionally Manned Fighting Vehicle (OMFV) to replace the Bradley Infantry Fighting Vehicle.
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Analyzing the Armored Vehicles Market on Geographical Foundation
The Armored Vehicles Market has a presence in diverse geographies. Let’s dig in & know about them:
Based on Platform
– Combat Vehicles
— Main Battle Tanks
— Infantry Fighting Vehicles
— Armored Personal Carriers
— Armored Amphibious Vehicles
— Mine-Resistant Ambush Protected Vehicles
— Light Armored Vehicles
— Others (Self Propelled Howitzers, Air Defence Vehicles, etc.)
– Combat Support Vehicles
— Armored Supply Trucks
— Armored Command and Control Vehicles
— Repair and Recovery Vehicles
— Others (Bridge laying Tanks, Mine Clearance Vehicles, etc.)
– Unmanned Armored Ground Vehicles
Based on System
– Engines
– Turret Drives
– Ammunition Handling Systems
– Fire Control Systems
– Armaments
– Ballistic Armor
– Countermeasure System
– Command and Control System
– Power System
– Others (Navigation System, Observation and Display Systems, etc.)
Based on Type
– Electric
– Conventional
Based on Mode of Operation
– Manned
– Unmanned
Based on Mobility
– Wheeled
— 4X4
— 6X6
— 8X8
— Others (10X10, 12X12, etc.)
– Tracked
Based on Sales Channel
– OEM
– Retrofit
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Geographically, the Armored Vehicles Market expands across the following:
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
Key Highlights to Consider Our Armored Vehicles Market Research Report
- We aspire to provide explicit insights into the very market by accentuating the influencing growth elements & opportunistic scopes of the industry.
- Urge on delivering an exhaustive summary of the value chain & explore market trends with Porter’s five forces model
- Examine competitive headway like joint ventures, mergers & acquirements, new product unveilings, and R&D investments in the Armored Vehicles Market.
- Our Analyst recognize the key organizations & thoroughly scrutinize the market position in terms of ranking & core competencies.
Note: The Armored Vehicles Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market
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About us –
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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