Armored Vehicles Market Armored Vehicles Market by End User (Commercial (SUV, Sedan, Limousine, Bus/Van, Others) & Defense ...

Armored Vehicles Market in america Europe and middle east region future scope for 2023

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Armored Vehicles Market

Armored Vehicles Market by End User (Commercial (SUV, Sedan, Limousine, Bus/Van, Others) & Defense (Wheeled Armored, Tracked Armored)), Technology (Active, Passive), by Region (North America, Europe, Middle East & Africa, South America)-Forecast till 2023 

Armored vehicles Market Overview:

Armored vehicles are security vehicles used to transport armed security. Armored vehicles were only owned and used by military, law enforcement, and ministers, but in the past few years prominent figures from the corporate world, VIPs and celebrities, have also been contributing to the demand for these vehicles. The continually increasing security challenges is the main reason for adoption of armed vehicles by the various government bodies and civilians.
Technological developments and improvements in artificial intelligence have increased the use and importance of unmanned ground vehicles, virtual training and survivability equipment. The demand for new, technologically advanced transmission equipment in armored vehicle, which are highly effective and secure, are critical in retaining an edge over extremist powers. The growing challenges of tackling modern day security threats are stimulating the need for technological revolution in the market. Frequent investment in R&D activities, and development of highly advanced and innovative technologies, will be the core growth strategies in the upcoming years.
The global armored vehicle market is classified into vehicle type, design, and geography. By vehicle type, the market is segmented into infantry fighting vehicles, main battle tanks, light protected vehicles, armored personnel carriers, armored amphibious vehicles, mine-resistant ambush protected and others. Rising need for safeguarding military workforces is anticipated to drive unmanned ground military carrier demand over the forecast period. Tactical military carriers are designed primarily for use in by military in direct combat or tactical operations. Armored Personnel Carrier (APC) are mostly used for safer deployment of infantry to battle fields or high risk regions, and it can be distinguished from Infantry Fighting Vehicle (IFV) based on the weapons it carries.
The need for reducing the weight and size of vehicles installed in the defense sector, and the demand for highly efficient, compact, and robust vehicles and weapons is a key driver for the armored vehicle market. Promising innovations in transmission medium, adaptability, navigation, surveillance, protection, and enhanced situational awareness are expected to boost the demand in the next few years.
Industry/ Innovation/ Related News:
April, 2018: BAE Systems supplied all five variations of its Armored Multi-Purpose Vehicle to the U.S. Army for testing.
March, 2018: INKAS Armored Vehicle Manufacturing Company released its INKAS Sentry “Civilian Edition” armored.
Feb, 2018: Iveco Defence Vehicles provided final tranche of Light Armoured Vehicles to the Norwegian Army.

Global Armored Vehicles Market – Segmentation

The global armored vehicles market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Vehicle Type: MBT, LPV, AAV, MRAP, IFV, APC, Others
Segmentation by Design : Wheeled Armored Vehicles, Tracked Armored Vehicles
Segmentation by Regions :North America, Europe, Asia Pacific, Middle East & Africa and South America.
Key Players:
General Dynamics Corporation (U.S.), BAE Systems, Plc. (U.K), Textron Inc. (U.S.), Oshkosh Corporation (U.S.), Elbit Systems Ltd. (Israel), Thales Group (France), Lockheed Martin (U.S.), Rheinmetall AG (Germany), Denel Land Systems (South Africa), Sabiex International (Belgium), Diehl Defense (Germany) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global armored vehicles market.