Armored Vehicles Market A Dive from 4.1% CAGR in 2023-28| MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on Armored Vehicles market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2023-28: Revealing Armored Vehicles Market Insights and Analysis

The Armored Vehicles market is projected to grow at a CAGR of around 4.1 during the forecast period, i.e., 2023-28.

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Driving Innovation: Exploring the Armored Vehicles Market and its Market Dynamics

Global Armored Vehicles Market Growth Opportunity:

Rising Inclination Towards Unmanned Combat Ground Vehicles Raising their Adoption – The unmanned combat ground vehicles on the battlefield reduce casualties, as they can perform critical and hazardous tasks currently carried out by personnel, endangering their safety. The adoption and inclination of various militaries towards such vehicles are creating lucrative opportunities for the industry. The increased requirement and demand for unmanned vehicles for intelligence, surveillance, and Reconnaissance (ISR) and combat operations are opening new avenues for industrial flow. Additionally, the growing military budget of several countries is increasing their affordability, supporting market expansion.

Armored Vehicles Market: Key Players

-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

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Armored Vehicles Market Segmentation Outline:

By 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

By 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.)

By Type

-Electric

-Conventional

By Mode of Operation

-Manned

-Unmanned

By Mobility

-Wheeled

–4X4

–6X6

–8X8

–Others (10X10, 12X12, etc.)

-Tracked

By Sales Channel

-OEM

-Retrofit

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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