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