Armored Vehicle Industry Key Players, Who Rules?

Market Overview:

Armored Vehicle industry Size is expected to reach USD 32.26 Billion by 2030, registering a CAGR of 6.35% during 2020-2030.

Armored vehicles are security vehicles used for transport under armed security and even by replacing standard windows with bulletproof glass motor vehicle with a high degree of security. Increasing internal & external security threats and increasing violence are driving global Armored Vehicle industry. Moreover, increasing defense expenditure, especially in emerging economies and increasing popularity of rental & leasing of armored cars among civilians, support the growth of the market while the lack of regulatory standards across the globe acts as a major driver for the market.

Key Players:

PLC (UK), Lockheed Martin Corporation (US), Rheinmetall AG (Germany), International Armored Group (US), Krauss-Maffei Wegmann GmbH & Co. (Germany), Elbit Systems Ltd (Israel), General Dynamics Corporation (US), INKAS Armored Vehicle Manufacturing (Canada), Mitsubishi Heavy Industries Ltd (Japan), Oshkosh Corporation (US), Diehl Defence GmbH & Co. KG (Germany).

Market Segmentation:

By System:

Ballistic Armor, Drive Systems, Engine, Ammunition Handling Systems, Armaments, Navigation Systems, Observation & Display Systems, Countermeasure Systems, Turret Drives, Hulls/ Frames, Fire Control Systems (Fcs), Power Systems, Command & Control (C2) Systems

By Product:

Ballistic Armor, Drive Systems, Engine, Ammunition Handling Systems, Armaments, Navigation Systems, Observation & Display Systems, Countermeasure Systems, Turret Drives, Hulls/ Frames, Fire Control Systems (Fcs), Power Systems, Command & Control (C2) Systems

By End User:

Commercial and Defence

Regional analysis:

Moreover, the increase in defense funds of emerging countries reflect positively on the growth of the global armored vehicles market. Globally, North America market has emerged as the leading region in terms of value, followed by APAC and Europe. Huge defense funds, and rising investment in the R&D of modern military vehicles are some of the main drivers, which help in market growth. Affluent families in Latin America equipping their vehicles with bullet-proof windows so as to keep their families safe is a new trend.

Full report @ https://www.marketresearchfuture.com/reports/armored-vehicles-market-3238

Related reports:

Armored Vehicle Fire Suppression Systems Market Research Report: Information by Vehicle Type (Combat Vehicles, Troop Transport Vehicles, and Others), Platform Type (Wheeled Vehicles and Tracked Vehicles), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2027

Ceramic Armor Materials Market: Information by Material (Boron Carbide, Silicon Carbide, Alumina, Ceramic Matrix Composite, Titanium Boride, Aluminum Nitride and others), Application (Body Armor, Aircraft Armor, Marine Armor, Vehicles Armor and others) and Region (North America, Latin America, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions

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