Scope of the Study
The military armored vehicle is a lightweight wheeled armored fighting vehicle for reconnaissance, internal security, armed escort, and other subordinate battlefield tasks. It is fitted with partial or complete armor plating for protection against bullets, shell fragments and other projectiles. It is used for military use can move either on wheels or on continuous tracks. It is classified according to its role on the battlefield and characteristics.
The market study is being classified by Type (Wheeled Military Armored Vehicles and Crawler Military Armored Vehicles), by Application (Defense and Homeland Security) and major geographies with country level break-up.
Oshkosh Corporation (United States), UralVagonZavod (Russia), Ukroboronprom (Ukraine), General Dynamics Corporation (United States), BAE Systems plc (United Kingdom), NORINCO (China), Rheinmetall AG (Germany), Textron Inc. (United States), Elbit Systems Ltd. (Israel) and International Armored Group (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Military Armored Vehicles market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Military Armored Vehicles market by Type, Application and Region.
On the basis of geography, the market of Military Armored Vehicles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Demand for Armored Vehicles from Developing Regions
- Increased Terrorist Attacks Worldwide
- Rise in the Demand for Bulletproof Vehicles
- High Cost of the Vehicles
- Increasing Demand for Military Armored Vehicles with Improved Technology
- Military Modernization Plans Across the Globe
- Decreasing National Defense Budgets
In December 2019, Oshkosh Defense has received a contract from the United States Army Contracting Command to deliver joint light tactical vehicles (JLTVs) for the four US Military branches.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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