Armored Vehicle refers to an armed combat vehicles protected by armour and are used in the battle field. This rapid growth attributed to the increasing military expenditures of major economies of the region and rise in incidence of terrorism is expected to propel the market for Armored vehicles. Technological advancements in the use and utility of unmanned ground vehicles, artificial intelligence, virtual training and survivability equipment will lead to increase the market growth for Armored Vehicles.This growth is primarily driven by Rising Activities of Terrorism and Armed Violence around the Globe
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|Value Unit||USD (Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
The Automobiles sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Vendors, such as General Dynamics Corporation (United States), Lockheed Martin (United States), Ford Motor Company (United States), Mercedes-Benz (Division of Daimler AG) (United States), Textron Inc. (United States), Oshkosh Defense (United States), Textron Inc. (United States), Elbit Systems (Israel), BAE Systems, Plc. (United Kingdom), Volkswagen AG (Germany) and BMW AG (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2018, the Brink’s an American security and protection company completes its acquisition of Dunbar Armored Inc. which was the fourth largest cash management company, for approximately USD 520 Million in cash.
Regulatory Insights:"Standards for Armored Car and Armed Courier Service is developed by the Private Security Advisory Council and it's Armored Car Committee to promote realistic and viable minimum standards necessary to maximize the competency and the effectiveness of armoured car and armed courier services. "
Influencing Trend:Rise in Demand For Customized Armored Vehicles In Order To Achieve Organizational Requirements., Demand For Ballistic Armor System and Active Protection System and Advancements Such As Increased Fuel Efficiency And Use Of High-Tech Sensors Are Trending Nowadays.
Market Growth Drivers:Rising Activities of Terrorism and Armed Violence around the Globe and Rising Demand for Rental and Leasing Protected Van Services and Militarization of law Enforcement Agencies
Challenges:Rising Prices Of Raw Materials And Components and Survivability Issues
Restraints:Increasing Use of Unmanned Systems
Opportunities:Investments for Procuring And Developing Advanced Armored Vehicles, Growing Awareness About Commercial Security and Increase in Research and Development Activities
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Armored Vehicles Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Armored Vehicles Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Armored Vehicles players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the ReportAMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Armored Vehicles Study Sheds Light on The Armored Vehicles Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Armored Vehicles industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Armored Vehicles industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.