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The Global Armored Vehicles and MRO Market 2017-2027

The Global Armored Vehicles and MRO Market 2017-2027

Summary

Global Military Armored Vehicles and MRO market is expected to value US$24.0 billion in 2017 and will grow at a CAGR of 3.67% to value US$34.4 billion by 2027. The cumulative market for global expenditure on military armored vehicles and MRO will reach US$312.8 billion over the forecast period. The demand for armored vehicles is expected to be driven by cross border disputes and modernization initiatives undertaken by various large defense spenders across the world.

In terms of segments, the military armored vehicles market is split into six segments: MBTs, IFVs, APCs, MRAPs, LMVs, and tactical trucks. During the forecast period, MBTs are expected to account for the largest share of spending, accounting for 30% of the overall global market. Driven by large scale procurement programs in countries such as India, China, and Pakistan, the Asia Pacific region is expected to be the dominant market for MBTs throughout the next decade. North America and Europe are projected to account for the second and third largest markets in this segment.

The military armored vehicles and MRO market is expected to be led by Asia Pacific with a share of 27% over the forecast period, followed by North America with 25%, and Europe with 23%. The Middle Eastern market for military armored vehicles is expected to account for 15%, followed by the Latin American and the African markets with a collective share of 10%.

The global armored vehicles market is dominated by Asia Pacific, with China being the largest spender in the sector. Overall, Asia Pacific will spend US$86.5 billion on armored vehicles and MRO programs during the forecast period. North America represents the second largest market, with the total armored vehicles and MRO spending valued at US$77.7 billion over the forecast period. The region will be largely driven by MRO and upgrade programs in addition to fresh procurements.

Modern armored vehicles and related MRO must incorporate technological advancements in the fields of survivability, connectivity, mobility, maneuverability, lethality, and sustainability. These capability enhancements are made possible by the advancements in processor technology and are supplemented by the concepts of interoperability and network centric capabilities. Recent changes in the global strategic security situation have resulted in a shift in the nature of warfare to increasingly asymmetric strategies. This change, combined with an increase in peacekeeping and stabilization operations, requires the rapid intervention and deployment of forces, creating a demand for light-weight and medium-weight armored vehicles.

The report “The Global Armored Vehicles and MRO Market 2017-2027” offers detailed analysis of the Global Armored Vehicles and MRO Market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for armored vehicles. Additionally, the report also highlights challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -
- Overview: Snapshot of the armored vehicles and MRO market during 2017-2027, including highlights of the demand drivers, trends and challenges. It also provides a snapshot of the spending with respect to regions as well as segments
- Market Dynamics: Insights into the technological developments in the armored vehicles and MRO market and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants
- Segment Analysis: Insights into the armored vehicles and MRO market from a segmental perspective and a detailed analysis of factors influencing the market for each sector
- Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region
- Regional Analysis: Insights into the armored vehicles and MRO market from a regional perspective and a detailed analysis of factors influencing the market for each region
- Trend Analysis - Key Defense Market: Analysis of the key markets in each region, providing an analysis of the armored vehicle segments expected to be in demand in each region
- Key Program Analysis: Details of the top programs in each segment expected to be executed during the forecast period.
- Competitive landscape analysis: Analysis of competitive landscape of the global armored vehicles industry. It provides an overview of key defense companies, together with insights such as key alliances, strategic initiatives and a brief financial analysis.

Companies mentioned in this report: General Dynamics Land Systems, Nexter SA, Denel Land Systems, Oshkosh Defense, Rheinmetall, Renault Truck Defense, Hyundai Rotem, Navistar Defense, Otokar, Thales, NORINCO, Uralvagonzavod, Krauss-Maffei Wegmann, Iveco, OtoMelara, Panhard, BAE Systems.

Scope

- The Global Armored Vehicles and MRO Market, valued at US$24.0 billion in 2017, is projected to grow at a CAGR of 3.67% over the 2017-2027 period, to reach US$34.4 billion by 2027. The market consists of six categories: MBT, IFV, APC, MRAP, LMV, and tactical trucks. The market is expected to be dominated by the MBT segment, which is expected to account for 30% of the market, followed by IFV and APC with shares of 29% and 16%, respectively. The Asia-Pacific region is forecasted to dominate the sector with a share of 27%, followed by North America and Europe with shares of 25% and 23%, respectively.

Reasons to buy

- Determine prospective investment areas based on a detailed trend analysis of the global armored vehicles and MRO market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different armored vehicles and MRO segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global armored vehicles and MRO market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global armored vehicles and MRO market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top armored vehicle suppliers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available


Executive Summary
Global Armored Vehicles and MRO Market -Overview
Market Dynamics
Demand Drivers: Analysis of factors that trigger spending within the sector
Trends: Prevalent practices, industry consolidation and procurement patterns within the market
Technological Developments : New products, processes and innovations recently inducted within the sector
Key Challenges: Obstacles affecting sector growthArmored Vehicles and MRO Market -Segment Analysis
Segment Analysis: MBT
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: IFV
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: APC
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: LMV
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: Tactical Truck
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: MRAP
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Armored Vehicles MRO Market -Segment Analysis
Segment Analysis: MBT MRO
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: IFV MRO
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: APC MRO
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: LMV MRO
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: Tactical Truck MRO
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: MRAP MRO
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027Regional Review
Defense capital expenditure
Capexforecast, 2017-2027
Factors influencing military modernization programs
Armored Vehicles and MRO Market -Regional Analysis
Regional overview
Factors driving spending within the region
Regional expenditure on each sub-segment , 2017-2027
Market Size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Armored Vehicles MRO Market -Regional Analysis
Regional overview
Factors driving spending within the region
Regional expenditure on each sub-segment , 2017-2027
Market Size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Trend Analysis -Key Defense Markets
Country -wise breakdown of expenditure for each region
Sub-segment wise analysis for each country
Major Programs for each country
Market Size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Key Programs Analysis -Armored Vehicles
Description of key armored vehicle procurement programs
Delivery period, units and total expenditure
Key Programs Analysis -Armored Vehicles MRO
Description of key armored vehicle procurement programs
Delivery period, units and total expenditureCompetitive Landscape Analysis
Competitive analysis -17 leading companies
Major Products and Services
Major Alliances and Recent Contracts
Financial Analysis covering Revenue, Operating Profit and Net Profit
List of Tables
Armored Vehicles and MRO Market Size by Segment
Armored Vehicles MRO Market Size by Segment
Armored Vehicles and MRO Market Size by Region
Armored Vehicles MRO Market Size by Region
Country Analysis: US
Key Programs: US
Country Analysis: Russia
Key Programs: Russia
Country Analysis: UK
Key Programs: UK
Country Analysis: Turkey
Key Programs: Turkey
Country Analysis: China
Country Analysis: India
Key Programs: India
Country Analysis: Australia
Key Programs: Australia
Country Analysis: Saudi Arabia
Key Programs: Saudi Arabia
Country Analysis: Israel
Key Programs: Israel
Country Analysis: Brazil
Key Programs: Brazil
Country Analysis: Peru
Country Analysis: Algeria
Program Analysis: Amphibious Combat Vehicle (ACV)
Program Analysis: Tactical Armored Patrol Vehicle
Program Analysis: Joint Light Tactical vehicle (JLTV)
Program Analysis: Future Ready Combat Vehicle (FRCV)
Program Analysis: LAND 121 Phase
Program Analysis: Light Armored Vehicles (LAV)
Program Analysis: Puma IFV
Program Analysis: T-14 MBT
Program Analysis: Altay MBT
Program Analysis: VéhiculeBlindéMultirole (VBMR)
Program Analysis: PorteurPolyvalent Terrestre
Program Analysis: BMP-2 Upgrade
Program Analysis: Recapitalization of M1A2 Tanks
Program Analysis: Warrior Capability Sustainment Programme(CSP)
Program Analysis: Challenger 2 Life Extension Program (LEP)
Abrams Tank Fleet Modification Program
M2/M3 Bradley Fighting Vehicle-Upgrade
Profile: General Dynamics Land Systems -Details
Profile: General Dynamics Land Systems -Alliances
Profile: General Dynamics Land Systems -Contracts
Profile: General Dynamics Land Systems -Key Ratios
Profile: NexterSA -Details
Profile: NexterSA-Alliances
Profile: NexterSA-Contracts
Profile: Denel Land Systems -Details
Profile: Denel Land Systems -Alliances
Profile: Denel Land Systems -Contracts
Profile: Oshkosh Defense -Details
Profile: Oshkosh Defense -Alliances
Profile: Oshkosh Defense-Contracts
Profile: RheinmetallLandsystemeGmbH -Details
Profile: RheinmetallLandsystemeGmbH -Alliances
Profile: RheinmetallLandsystemeGmbH -Contracts
Profile: RheinmetallLandsystemeGmbH -Key Ratios
Profile: Renault Truck Defense -Details
Profile: Renault Truck Defense-Alliances
Profile: Renault Truck Defense-Contracts
Profile: Hyundai Rotem-Details
Profile: Hyundai Rotem-Contracts
Profile: Navistar Defense -Details
Profile: Navistar Defense-Alliances
Profile: Navistar Defense -Contracts
Profile: Otokar-Details
Profile: Otokar-Contracts
Profile: Otokar-Key Ratios
Profile: Thales -Details
Profile: Thales -Alliances
Profile: Thales -Contracts
Profile: Thales -Key Ratios
Profile: NORINCO -Details
Profile: NORINCO-Alliances
Profile: NORINCO -Contracts
Profile: Uralvagonzavod-Details
Profile: Uralvagonzavod-Alliances
Profile: Uralvagonzavod-Contracts
Profile: Krauss-MaffeiWegmann-Details
Profile: Krauss-MaffeiWegmann-Alliances
Profile: Krauss-MaffeiWegmann-Contracts
Profile: Iveco S.p.A. -Details
Profile: IvecoS.p.A. -Alliances
Profile: IvecoS.p.A-Contracts
Profile: OtoMelara-Details
Profile: OtoMelara-Alliances
Profile: OtoMelara-Contracts
Profile: Panhard-Details
Profile: Panhard-Alliances
Profile: Panhard-Contracts
Profile: BAE Systems -Details
Profile: BAE Systems -Alliances
Profile: BAE Systems -Contracts
Profile: BAE Systems -Key Ratios
List of Figures
Global Armored Vehicles and MRO Market : Key Statistics
Global Armored Vehicles and MRO Market by Region
Global Armored Vehicles and MRO Market by Segment
Global Armored Vehicles and MRO Market by Segment : % Share
Market Size -MBT : 2017-2027
Change in Market share : 2017-2027
Market Size -IFV: 2017-2027
Change in Market share : 2017-2027
Market Size -APC : 2017-2027
Change in Market share : 2017-2027
Market Size -LMV: 2017-2027
Change in Market share : 2017-2027
Market Size -Tactical Truck : 20172027-
Change in Market share : 2017-2027
Market Size -MRAP: 2017-2027
Change in Market share : 2017-2027
Global Armored Vehicles MRO Market by Region
Global Armored Vehicles MRO Market by Segment
Global Armored Vehicles MRO Market by Segment : % Share
Market Size -MBT MRO : 2017-2027
Change in Market share : 2017-2027
Market Size -IFV MRO : 2017-2027
Change in Market share : 2017-2027
Market Size -APC MRO : 2017-2027
Change in Market share : 2017-2027
Market Size -LMV MRO : 2017-2027
Change in Market share : 2017-2027
Market Size -Tactical Truck MRO : 2017-2027
Change in Market share : 2017-2027
Market Size -MRAP MRO : 2017-2027
Change in Market share : 2017-2027
CAPEX : North America
CAPEX : Asia Pacific
CAPEX : Europe
CAPEX : Middle East
CAPEX : Latin America
CAPEX : Africa
Global Armored Vehicles and MRO Market by Regional: % Share
Regional Analysis: Overview
Armored Vehicles and MRO Market Size -Asia Pacific: 2017-2027
Change in Market share : 2017-2027
Armored Vehicles and MRO Market Size -North America: 2017-2027
Change in Market share : 2017-2027
Armored Vehicles and MRO Market Size -Europe: 2017-2027
Change in Market share : 2017-2027
Armored Vehicles and MRO Market Size -Middle East: 2017-2027
Change in Market share : 2017-2027
Armored Vehicles and MRO Market Size -Africa: 2017-2027
Change in Market share : 2017-2027
Armored Vehicles and MRO Market Size -Latin America: 2017-2027
Change in Market share : 2017-2027
Global Armored Vehicles MRO Market by Regional: % Share
Regional Analysis: Overview
Armored Vehicles MRO Market Size -North America: 2017-2027
Change in Market share : 2017-2027
Armored Vehicles MRO Market Size -Europe: 2017-2027
Change in Market share : 2017-2027
Armored Vehicles MRO Market Size -Asia Pacific: 2017-2027
Change in Market share : 2017-2027
Armored Vehicles MRO Market Size -Middle East: 2017-2027
Change in Market share : 2017-
Armored Vehicles MRO Market Size -Latin America: 2017-2027
Change in Market share : 2017-2027
Armored Vehicles MRO Market Size -Africa: 2017-2027
Change in Market share : 2017-2027
Country Analysis: Overview
US Armored Vehicles and MRO Market: 2017-2027
US Armored Vehicles and MRO Market by Segment : % Share
US Armored Vehicles MRO Market: 2017-2027
US Armored Vehicles MRO Market by Segment : % Share
US IFV: 2017-2027
Change in Market Share : 2017-2027
US MBT: 2017-2027
Change in Market Share : 2017-2027
US LMV: 2017-2027
Change in Market Share : 2017-2027
Russia Armored Vehicles and MRO Market: 2017-2027
Russia Armored Vehicles and MRO Market by Segment : % Share
Russia Armored Vehicles MRO Market: 2017-2027
Russia Armored Vehicles MRO Market by Segment : % Share
Russia APC: 2017-2027
Change in Market Share : 2017-2027
Russia MBT: 2017-2027
Change in Market Share : 2017-2027
Russia IFV: 2017-2027
Change in Market Share : 2017-2027
UK Armored Vehicles and MRO Market: 2017-2027
UK Armored Vehicles and MRO Market by Segment : % Share
UK Armored Vehicles MRO Market: 2017-2027
UK Armored Vehicles MRO Market by Segment : % Share
UK IFV: 2017-2027
Change in Market Share : 2017-2027
UK MBT: 2017-2027
Change in Market Share : 2017-2027
UK LMV: 2017-2027
Change in Market Share : 2017-2027
Turkey Armored Vehicles and MRO Market: 2017-2027
Turkey Armored Vehicles and MRO Market by Segment : % Share
Turkey Armored Vehicles MRO Market: 2017-2027
Turkey Armored Vehicles MRO Market by Segment : % Share
Turkey MBT: 2017-2027
Change in Market Share : 2017-2027
Turkey APC: 2017-2027
Change in Market Share : 2017-2027
China Armored Vehicles and MRO Market: 2017-2027
China Armored Vehicles and MRO Market by Segment : % Share
China Armored Vehicles MRO Market: 2017-2027
China Armored Vehicles MRO Market by Segment : % Share
China MBT: 2017-2027
Change in Market Share : 2017-2027
China MRAP: 2017-2027
Change in Market Share : 2017-2027
China IFV: 2017-2027
Change in Market Share : 2017-2027
India Armored Vehicles and MRO Market: 2017-2027
India Armored Vehicles and MRO Market by Segment : % Share
India Armored Vehicles MRO Market: 2017-2027
India Armored Vehicles MRO Market by Segment : % Share
India MBT: 2017-2027
Change in Market Share : 2017-2027
India IFV: 2017-2027
Change in Market Share : 2017-2027
India APC: 2017-2027
Change in Market Share : 2017-2027
Australia Armored Vehicles and MRO Market: 2017-2027
Australia Armored Vehicles and MRO Market by Segment : % Share
Australia Armored Vehicles MRO Market: 2017-2027
Australia Armored Vehicles MRO Market by Segment : % Share
Australia Tactical Truck: 2017-2027
Change in Market Share : 2017-2027
Australia APC: 2017-2027
Change in Market Share : 2017-2027
Australia IFV: 2017-2027
Change in Market Share : 2017-2027
Saudi Arabia Armored Vehicles and MRO Market: 2017-2027
Saudi Arabia Armored Vehicles and MRO Market by Segment : % Share
Saudi Arabia Armored Vehicles MRO Market: 2017-2027
Saudi Arabia Armored Vehicles MRO Market by Segment : % Share
Saudi Arabia MBT: 2017-2027
Change in Market Share : 2017-2027
Saudi Arabia IFV: 2017-2027
Change in Market Share : 2017-2027
Israel Armored Vehicles and MRO Market: 2017-2027
Israel Armored Vehicles and MRO Market by Segment : % Share
Israel Armored Vehicles MRO Market: 2017-2027
Israel Armored Vehicles MRO Market by Segment : % Share
Israel IFV: 2017-2027
Change in Market Share : 2017-2027
Israel MBT: 2017-2027
Change in Market Share : 2017-2027
Brazil Armored Vehicles and MRO Market: 2017-2027
Brazil Armored Vehicles and MRO Market by Segment : % Share
Brazil Armored Vehicles MRO Market: 2017-2027
Brazil Armored Vehicles MRO Market by Segment : % Share
Brazil APC: 2017-2027
Change in Market Share : 2017-2027
Brazil LMV: 2017-2027
Change in Market Share : 2017-2027
Peru Armored Vehicles and MRO Market: 2017-2027
Peru Armored Vehicles and MRO Market by Segment : % Share
Peru Armored Vehicles MRO Market: 2017-2027
Peru Armored Vehicles MRO Market by Segment : % Share
Peru IFV: 2017-2027
Change in Market Share : 2017-2027
Algeria Armored Vehicles and MRO Market: 2017-2027
Algeria Armored Vehicles and MRO Market by Segment : % Share
Algeria Armored Vehicles MRO Market: 2017-2027
Algeria Armored Vehicles MRO Market by Segment : % Share
Algeria Tactical Truck: 2017-2027
Change in Market Share : 2017-2027
Algeria APC: 2017-2027
Change in Market Share : 2017-2027
Profile: General Dynamics Land Systems -Revenue Trend Analysis
Profile: General Dynamics Land Systems -Net Profit Trend Analysis
Profile: General Dynamics Land Systems -Operating Profit Trend Analysis
Profile: RheinmetallLandsystemeGmbH -Revenue Trend Analysis
Profile: RheinmetallLandsystemeGmbH -Net Profit Trend Analysis
Profile: RheinmetallLandsystemeGmbH -Operating Profit Trend Analysis
Profile: Otokar-Revenue Trend Analysis
Profile: Otokar-Net Profit Trend Analysis
Profile: Otokar-Operating Profit Trend Analysis
Profile: Thales -Revenue Trend Analysis
Profile: Thales -Net Profit Trend Analysis
Profile: Thales -Operating Profit Trend Analysis
Profile: BAE Systems -Revenue Trend Analysis
Profile: BAE Systems -Net Profit Trend Analysis
Profile: BAE Systems -Operating Profit Trend Analysis

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