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Global Armoured Vehicles Upgrade and Retrofit Market 2015-2019

About armored vehicles

Armored vehicles include land combat and transportation vehicles used by military land forces for operations such as transporting cargo and military personnel and operating in active combat. These vehicles are protected by armor and in many cases armed with weapons. Armored vehicles provide significant strength to a country’s army and are used in large numbers by military forces around the world.

Technavio's analysts forecast the global armored vehicles upgrade and retrofit market to grow at a CAGR of 2.79% over the period 2014-2019.

Covered in this report

In this report, Technavio covers the present scenario and growth prospects of the global armored vehicles upgrade and retrofit market for the period 2015-2019. It presents the market landscape and a corresponding detailed analysis of the prominent vendors in the market.

Technavio's report, Global Armored Vehicles Upgrade and Retrofit Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA, and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions

  • Americas
  • APAC
  • EMEA
Key vendors
  • AM General
  • FNSS Savunma Sistemleri
  • MKU
  • Oshkosh Defense
  • Sabiex International
Other prominent vendors

  • BAE Systems
  • Diehl Defence
  • Elbit Systems
  • General Dynamics
  • Palbam
  • Rheinmetall
  • Thales Group
  • Key market driver
    • Initiatives for modernization of military armored vehicles
    • For a full, detailed list, view our report
    Key market challenge
    • Limited on-vehicle network capability
    • For a full, detailed list, view our report
    Key market trend
    • Integrated system solutions
    • For a full, detailed list, view our report
    Key questions answered in this report
    • What will the market size be in 2019 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors?


    Press Release

    Technavio Announces the Publication of its Research Report – Global Armoured Vehicles Upgrade and Retrofit Market 2015-2019
    Technavio recognizes the following companies as the key players in the Global Armoured Vehicles Upgrade and Retrofit Market: AM General, FNSS Savunma Sistemleri, MKU, Oshkosh Defense and Sabiex International
    Other Prominent Vendors in the market are: BAE Systems, Diehl Defence, Elbit Systems, General Dynamics, Palbam, Rheinmetall and Thales Group
    Commenting on the report, an analyst from Technavio’s team said: “The complexity and amount of onboard vetronics will increase for both current and next-generation armored military vehicles. Along with the increasing number of computing systems integrated into vehicles, there are also potential issues related to cooling, shock, and vibration. Designers are relying on integrated system solutions to meet the evolving requirements of armored military vehicles and combat these issues. The new Satcom On-The-Move (SOTM) systems can be integrated into a much smaller volume compared to the new-generation stationary joint network nodes (JNNs). One such trend for integrated system solutions is the move toward stand-alone rugged box systems. These box systems support standard form-factor computing boards inside them while also providing a completely enclosed computing solution that eliminates the need for complex integration.”
    According to the report, along with advances in modern warfare, technologies used in military vehicles have also evolved. The military requires armored vehicles that have high capability and functionality and can easily navigate varying terrains and provide high mobility, along with being cost-efficient. Armored military vehicles already have limited space and a finite amount of energy to power a range of systems. The demand for smaller and lighter system components that can enhance performance and reduce life cycle costs is growing. Therefore, many new military land vehicle product and component manufacturers focus on innovations in reducing size and weight, as well as power consumption. This need for SWaP reduction in military products has driven the demand for upgraded advanced vehicles.
    Further, the report states that engineering challenges related to the design and deployment of SBC for use in high-end military vehicles is a major concern.

    Companies Mentioned

    AM General, FNSS Savunma Sistemleri, MKU, Oshkosh Defense, Sabiex International, BAE Systems, Diehl Defence, Elbit Systems, General Dynamics, Palbam, Rheinmetall, Thales Group

    • Executive summary
      • Highlights
    • Scope of the report
      • Market overview
      • Top-vendor offerings
        • Table Product offerings
    • Market research methodology
      • Research methodology
      • Economic indicators
    • Introduction
      • Key market highlights
    • Market landscape
      • Market overview
        • Table Overview of armored vehicles upgrade and retrofit market
      • Market size and forecast
        • Table Global armored vehicles upgrade and retrofit market 2014-2019 ($ billions)
      • Five forces analysis
        • Table Five forces analysis
        • Table Global aerospace and defense supply chain system
        • Table Global aerospace and defense value chain system
    • Market segmentation by vehicle type
      • Global armored vehicles upgrade and retrofit market segmentation by armored vehicle type
        • Table Market segmentation by armored vehicle type 2014
        • Table Market segmentation by armored vehicle type 2019
        • Table Market segmentation by armored vehicle type 2014 and 2019 ($ billions)
    • Geographical segmentation
      • Market segmentation by geography
        • Table Market segmentation by geography 2014
        • Table Market segmentation by geography 2019
        • Table Market segmentation by geography 2014-2019 ($ billions)
        • Table Market segmentation by geography 2014-2019 (%)
      • Armored vehicles upgrade and retrofit market in Americas
        • Table Armored vehicles upgrade and retrofit market in Americas 2014-2019 ($ billions)
      • Armored vehicles upgrade and retrofit market in EMEA
        • Table Armored vehicles upgrade and retrofit market in EMEA 2014-2019 ($ billions)
      • Armored vehicles upgrade and retrofit market in APAC
        • Table Armored vehicles upgrade and retrofit market in APAC 2014-2019 ($ billions)
    • Market drivers
      • Demand for low-cost per mile armored military vehicles
      • Initiatives for modernization of armored military vehicles
      • Need for SWaP reduction
    • Impact of drivers
      • Table Impact of drivers
    • Market challenges
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges
    • Market trends
    • Vendor landscape
      • Competitive scenario
        • Table Key vendors in global armored vehicles upgrade and retrofit market
      • Other prominent vendors
    • Key vendor analysis
      • AM General
        • Table AM General: Business segmentation
      • FNSS Savunma Sistemleri
      • MKU
      • Oshkosh Defense
      • Sabiex International
    • Appendix
      • List of abbreviations
    • Explore Technavio

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