Global Main Battle Tank Market Segmented by Generation, and by Geography - Growth, Trends, and Forecast (2018 2023)
One of the most lasting images of any war is the heavy Main Battle Tanks rolling in and showing their firepower. Before the cold war tanks were classified as light, medium, heavy and super heavy. Hence a need was felt for a single tank which could perform multiple operations and this generated the need for Main Battle Tank. They have been successful in replacing the earlier categories and most countries operate with just the Main Battle Tanks though sometimes they are supplemented by the Light Tanks. One of the First Main Battle Tank to be produced was the T-55 by the Soviet Union followed shortly by the equally successful M60 Patton built by the US. T-54 and T-55 were the most produced tanks in the world with the production number ranging up to 1,00,000 units.
A Main Battle Tank is a tank that performs the heavy direct fire role of the modern armies. More than 3,500 MBTs are expected to be procured by 2023, of which Ukraine will control more than half of the Tank Market by 2020 with procurement of new High End Tanks mainly manufactured by the US and Germany. The Tank Market is buzzing in countries like Germany, Russia, and India. Russia introduced its T-14 Armata Tank in 2015 and the Tank is capable of engaging targets up to a distance of 8 km. With higher production of relatively cheaper Main Battle Tanks by China and Pakistan jointly, the Main Battle Tank Market is bound to expand with more and more orders from developing nations looking to expand their military footprint.
With growing demand to counter terrorism and to strengthen national borders, several countries in Middle-East, Asia-Pacific, and South America will procure Main Battle Tanks to modernize and upgrade their armored fighting vehicles fleet during the forecast period.
Key Players: General Dynamics, Uralvagonzavod, DRDO, BAE Systems, Malyshev Factory, among others.
July 2017: Vietnam placed an order for 64 T-90S/SK Main Battle Tanks from Russia.
Reasons to Purchase this Report:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook