The increasing demand for defence vehicles due to rise in the instances of cross-border conflicts and increasing incidences of asymmetric warfare across the globe are the factors propelling the defence vehicle market. The defence vehicles covers the full spectrum of on- and off-road military requirements. It represents a well thought through, complete and effective response to the requirements of the military, security and civil protection customer. However, high costs of defence vehicles and concerns regarding survivability issues are hampering the market.This growth is primarily driven by Increasing Demand for Defence Vehicles Due to Rise in the Instances of Cross-Border Conflicts and Increasing Incidences of Asymmetric Warfare across the Globe.
Globally, a noticeable market trend is evident Military Modernization Plans across the World. Major Manufacturers, such as BAE Systems plc (United Kingdom), General Dynamics Land Systems (United States), Lockheed Martin (United States), Oshkosh Corporation (United States), Tata Motors (India), Rheinmetall AG (Germany), UralVagonZavod (Russia), Ukroboronprom (Ukraine), Norinco (China) and Textron Inc. (United States) 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:
On Jun 3, 2019 - BAE Systems, Inc. has announced the acquisition of Riptide Autonomous Solutions (Riptide), a Plymouth, Massachusetts-based provider of innovative, affordable unmanned underwater vehicle (UUV) technology and solutions.
- Increasing Demand for Defence Vehicles Due to Rise in the Instances of Cross-Border Conflicts
- Increasing Incidences of Asymmetric Warfare across the Globe
- Military Modernization Plans across the World
- High Costs of Defence Vehicles
Increased Adoption of Unmanned Combat Ground Vehicles and Development of Modular and Scalable Defence Vehicles
Concerns Regarding Survivability Issues
AMA Research follow 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 mostly 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 showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include 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, Defence Vehicle Study Sheds Light on
— The Defence Vehicle Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Defence Vehicle industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Defence Vehicle industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.