PUNE, India, May 2, 2016 /PRNewswire/ --
The report "Armored Vehicles Market by Application (Defense, Commercial), Defense Products (MBT, LPV, AAV, MRAP, IFV, APC, Others), Commercial Products (SUV, Sedan, Limousine, Bus/Van, Others), Technology (Active, Passive), Type, & Region - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to reach USD 31.26 Billion by 2021, at a CAGR of 5.6% from 2016 to 2021.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 80 market data Tables and 106 Figures spread through 196 Pages and in-depth TOC on "Armored Vehicles Market".
http://www.marketsandmarkets.com/Market-Reports/armored-vehicle-market-6322755.html
Early buyers will receive 10% customization on this report.
This growth can be attributed to the increasing incidences of armed conflicts, violence, and terrorism, which are driving the demand for armored vehicles, among defense and commercial end users, globally.
"Commercial segment dominates the armored vehicles market, among applications"
The global armored vehicles market is dominated by the commercial application segment, as of 2016, and is expected to continue its dominance till 2021. This dominance can be attributed to the rising incidences of civil unrest, political disputes, and terrorism that have driven governments, embassies, VIPs, and banks to procure more advanced and reliable armored vehicles for protection.
"The SUV segment to grow the highest during the forecast period"
The Armored Vehicles Market has been segmented and analyzed in terms of product, namely, SUV, Sedan, Limousine, Bus/Van, among others. The global market is dominated by the SUV segment and this segment is also projected to grow at the highest CAGR during the forecast period, primarily driven by the increasing use of armored SUVs by government and embassy officials, VIPs, and in cash-in-transit applications, globally.
"Asia-Pacific and the Middle East to be the opportunistic markets for armored vehicles industry"
The Middle East and Asia-Pacific are expected to drive the growth of the global armored vehicles market in the coming years, with the Asia-Pacific market projected to grow at the highest CAGR during the forecast period, 2016 to 2021. This rapid growth of the Asia-Pacific market can be attributed to the increasing research and development activities undertaken in the region for the development of advanced and hybrid designs of armored vehicles for enhanced border and maritime patrolling or ISR functions, increasing military expenditures and military modernization programs of major economies of the region, and rising demand for light or medium-sized armored vehicles for patrolling operations, primarily owing to rising threats of cross-border terrorism.
The report segments and analyzes the armored vehicles market on the basis of application (Defense, Commercial), Product (Defense-Main Battle Tank, Light Protected Vehicles, Amphibious Armored Vehicles, Mine-resistant Ambush Protected, Infantry Fighting Vehicles, Armored Personnel Carriers, Others; Commercial- SUV, Sedan, Limousine, Bus/Van, Others) Type (Wheeled, Tracked, Others),), Technology (Active, Passive), & Region and maps these segments and subsegments across the top defense-spending countries of the world, including the U.S., China, Russia, Germany, France, India, Japan, and so on.
Inquiry Before Buying:- http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=6322755
The major players in the armored vehicles market have been identified as General Dynamics Corporation (U.S.), BAE Systems, Plc. (U.K.), Lockheed Martin (U.S.), and Elbit Systems (Israel), among others.
Browse Related Reports
Unmanned Ground Vehicles (UGV) Market by Application (Defense, Commercial), Mode of Operation, Size, Mobility, Payload, and Region (North America, Europe, Asia-Pacific, Middle East, Rest of the World) - Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/unmanned-ground-vehicles-market-72041795.html
Battlefield Management Systems Market by Platform (Land, Airborne, and Naval), by Application (Commander Systems, Dismounted Soldier Systems, Tracked and Armored Vehicles, Communication Network Systems and BMS Software) - Forecast & Analysis 2014 - 2019
http://www.marketsandmarkets.com/Market-Reports/battlefield-management-systems-market-165590884.html
About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: 1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article