Armored Vehicle Market to Reach USD 26.12 Billion by 2026; Collaboration of Polska Grupa Zbrojeniowa SA with RMMV to Enable Speedy Expansion, states Fortune Business Insights™

Key Players Covered are BAE Systems plc, Denel SOC Ltd, General Dynamics Corporation, IVECO DEFENCE VEHICLES, Krauss-Maffei Wegmann GmbH & Co. KG, NORINCO, Oshkosh Corporation,  Rheinmetall AG, Textron Inc., Ukroboronprom, UralVagonZavod , & more

PUNE, India, March 16, 2020 /PRNewswire/ --  The global armored vehicle market is predicted to reach USD 26.12 billion by 2026, exhibiting a CAGR of 5.36% during the forecast period. The rising adoption of active protection systems can contribute positively to the growth of the market during the forecast period. APS consist of launchers, tracking radar, sensors, and countermeasure munitions, which assists during combat and survivability of the armored vehicle.

Moreover, the introduction of armored vehicles with the integration of APS will promote the armored vehicle market trends in the forthcoming years. For instance, In October 2019, RAFAEL Advanced Defense Systems of Israel and Leonardo DRS delivered the first trophy active protection system for the U.S. Army for tanks and armored combat vehicles.

According to report, published by Fortune Business Insights, titled "Global Armored Vehicle Market Size, Share and Industry Analysis, By Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), By Mobility (Wheeled, Tracked), By System (Engine, Drive Systems, Ballistic Armor, Turret Drives, Ammunition Handling Systems, Others) and Regional Forecast till 2026" the market size stood at USD 17.18 billion in 2018.

The report is fixed at delivering a comprehensive description of the armored vehicle market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER's analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the market. It further examines the ways and components convincing armored vehicle market expansion, growth patterns, restricting factors, and market strategies.

Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/sample/armored-vehicle-market-101817

List of Top Companies mentioned in Armored Vehicle Market are:

• BAE Systems plc (the U.K)
• Denel SOC Ltd (South Africa)
• General Dynamics Corporation (the U.S.)
• IVECO DEFENCE VEHICLES (Italy)
• Krauss-Maffei Wegmann GmbH & Co. KG (Germany)
• NORINCO (China)
• Oshkosh Corporation (the U.S)
• Otokar, a KOC Group Company (Turkey)
• Rheinmetall AG (Germany)
• Textron Inc. (the U.S.)
• Ukroboronprom (Ukraine)
• UralVagonZavod (Russia)

Competitive Landscape

The collaboration of Polska Grupa Zbrojeniowa SA with RMMV to Boost Market Growth

Rheinmetall MAN Military Vehicles GmbH, Aka RMMV, a joint venture company between German companies MAN Truck & Bus AG and Rheinmetall AG, announced to collaborate with The Polska Grupa Zbrojeniowa, a holding company established by the Polish government through its subsidiary Obrum sp. z o.o to develop a new wheeled vehicle designed to replace hundreds of Russian made BRDM-2 armored vehicles currently in service with the Polish military. The collaborative agreement between the companies can offer business opportunities for the market in the forthcoming years owing to its design and development along with the capacity of 3.5 tonnes.

Get Detailed Insights of This Research Enabled with TOC: https://www.fortunebusinessinsights.com/industry-reports/armored-vehicle-market-101817

Furthermore, Pietro Borgo, the managing director of RMMV and member of the executive board of Rheinmetall Defence, said in a statement, "we see this development contract as an important first step in a highly promising cross-border strategic alliance in the field of military wheeled vehicles. He further added, "we also see excellent opportunities for marketing the LOTR outside of Europe." In addition, the ground-breaking technology in the new vehicle will spur demand around the world, which in turn will accelerate the armored vehicle market revenue in the foreseeable future.

Regional Analysis

Rising R&D Investments by Key Players to Facilitate Market in North America

The market in North America generated a revenue of USD 6.61 billion and is predicted to remain dominant during the forecast period owing to the increasing R&D for the development of advanced technologies in armored vehicles. Besides, the growing government initiatives and focus on strengthening defense system will propel the growth of the market in North America. Asia Pacific is predicted to witness high demand for armored vehicles in the forthcoming years due to the growing defense budget in countries such as China and India. In addition, the surge in terrorist activities will also create opportunities for the armored vehicle market growth in the forthcoming years.

Quick Buy - Armored Vehicle Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101817

Detailed Table of Content:

• Introduction
• Research Scope
• Market Segmentation
• Research Methodology
• Definitions and Assumptions
• Executive Summary
• Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Key Insights
• Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
• Latest technological Advancements
• Porters Five Forces Analysis
• Value Chain Analysis
• Global Armored Vehicle Market Analysis, Insights and Forecast, 2015-2026
• Key Findings / Summary
• Market Analysis, Insights and Forecast – By Platform
• Combat Vehicles
• Main Battle Tanks
• Infantry Fighting Vehicles
• Armored Personal Carriers
• Armored Amphibious Vehicles
• Mine-Resistant Ambush Protected Vehicles
• Light Armored Vehicles
• Self-Propelled Howitzers
• Air Defense Vehicles
• Armored Mortar Carriers
• Combat Support Vehicles
• Armored Supply Trucks
• Armored Command and Control Vehicles
• Repair and Recovery Vehicles
• Others
• Unmanned Armored Ground Vehicles
• Market Analysis, Insights and Forecast – By Mobility
• Wheeled
• Tracked
• Market Analysis, Insights and Forecast – By System
• Engines
• Drive Systems
• Ballistic Armor
• Turret Drives
• Ammunition Handling Systems
• Fire Control Systems (FCS)
• Armaments
• Countermeasure Systems
• Command & Control (C2) Systems
• Power Systems
• Navigation Systems
• Observation & Display Systems
• Hulls/Frames
• Market Analysis, Insights and Forecast – By Region
• North America
• Europe
• Asia pacific
• The Middle East
• Rest of the world

TOC Continued….!

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/armored-vehicle-market-101817

Have a Look at Related Insights:

Aerospace Fasteners Market Size, Share & Industry Analysis, By Material (Aluminum, Steel, Superalloys, and Titanium), By Product (Rivets, Screws, Nuts & Bolts and others), By Platform (Fixed-wing aircraft (Commercial Aircraft, Business Aircraft, Military Aircraft, and General Aviation Aircraft) and Rotary-wing Aircraft (Civil Helicopter and Military Helicopter)), and Regional Forecast 2019-2026

Aerospace 3D Printing Market Size, Share & Industry Analysis, By Vertical (Printers and Materials), By Industry Type (UAV, Aircraft, and Spacecraft), By Application Type (Engine Components, Space Components, and Structural Components), By Printer Technology Type (DMLS, FDM, CLIP, SLA, SLS and Others), and Regional Forecast 2019-2026

Unmanned Aerial Vehicle Market Size, Share & Industry Analysis, By Application (Military, Commercial & Civil, and Recreational), By System (Airframe, Payload, Avionics, Propulsion), By Technology (Remotely Operated, Semi-Autonomous, Fully-Autonomous), By Class (Small UAVs, Tactical UAVs, Strategic UAVs, Special Purpose UAVs), and Regional Forecast 2015-2026

Military Radar Market Size, Share & Industry Analysis, By Platform (Land Radar, Naval Radar, and Airborne Radar), By Range (Long, Medium, Short, and Very Short), By Application (Airspace Monitoring & Traffic Management, Weapon Guidance, Ground Surveillance & Intruder Detection), By Frequency Band (UHF/VHF, L-Band, S-Band), By Components (Antenna, Transmitter, Receiver), and Regional Forecast 2019-2026

Helicopter Market Size, Share & Industry Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), By Point of Sale (OEMs and Aftermarket), and Regional Forecast 2019-2026

Military Drone Market Size, Share & Industry Analysis, By Type (Fixed-Wing, Rotary-Wing, and Hybrid/Transitional), By Range (VLOS, EVLOS, and BLOS), By Propulsion Type (Battery Powered, Fuel Cell, and Hybrid Cell), By Technology (Remotely Operated Drone, Semi-Autonomous Drone, and Autonomous drone), By Application (ISRT, Delivery and Transportation, Combat Operations, Battle Damage Management and Others) and Regional Forecast, 2019-2026

Space Launch Services Market Size, Share & Industry Analysis, By Payload (Satellite, Stratollite, Cargo, Human Spacecraft, and Testing Probes) By Orbit (LEO, MEO, GEO, and Beyond GEO), By Launch Platform (Land, Air, and Sea), By Vehicle Type (Small Lift Launch Vehicle, Medium-to-Heavy Lift Launch Vehicles), By End User (Commercial, and Military & Government) and Regional Forecast, 2019-2026

Torpedo Market Size, Share & Industry Analysis, By Weight (Heavyweight Torpedoes and Lightweight Torpedoes), By Propulsion (Electric and Conventional), By Launch platform (Air-launched, Surface-launched, and Underwater-launched), and Regional Forecast 2019-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters, 
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra
India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com 
Fortssune Business Insights™ 
Linkedin | Twitter | Blogs 
Read Press Release: https://www.fortunebusinessinsights.com/press-release/armored-vehicle-market-9659 

Logo: https://mma.prnewswire.com/media/881202/Fortune_Business_Insights_Logo.jpg  
Photo: https://mma.prnewswire.com/media/1134376/FBI_Armored_Vehicle_Market.jpg