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Global $247 Bn Military Armored Vehicles Market and Technology Forecast to 2027 - ResearchAndMarkets.com

May 28, 2019

DUBLIN--(BUSINESS WIRE)--May 28, 2019--

The “Global Military Armored Vehicles - Market and Technology Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The cumulative market is expected to reach USD 247 billion, predominantly governed by the Asian market. This market is expected to account to more than 30% of the total market.

The increase in defense spending in this region, coupled with the increase in upgrade programs are expected to drive spending in this region. Most of the countries are now developing their own indigenous programs for both local use and for exports. China initiated their indigenous MRAP program and started exporting these vehicles in 2014. Other countries like India have also developed indigenous versions of armored vehicles. One of the key drivers for an indigenous program is the ability to optimize cost.

The life cycle cost of the Military Armored program is a key challenge, the maintenance cost of an armored vehicle platform is around one- third of the life cycle cost. Few key areas of cost optimization include MRO, Collective Upgrades, Batch COTS procurement and Joint program development. The high cost associated with the logistics and repair of the MRAPs in Afghanistan led to US Army scrapping equipment worth around USD 7 Billion during the withdrawal of US troop. The other dynamics that affect the market include the changing warfare patterns and the higher focus towards hi-tech programs.

The nature of warfare has evolved from an open field environment to a close combat scenario. The threats on an Armored Vehicle has increased from traditional RPG to Improved Explosive Devices. The most commonly used IEDs are the remotely operated, vehicle driven, pressure based and suicide vest. In the years, 2008-2011, more than 50% of the causalities were due to IED related deaths in Afghanistan. The USD 45 Billion MRAP program helped in curtailing the causalities, it is estimated that the MRAP program saved close to 40,000 lives according to Government sources. The program lasted for about six years and still retain a few MRAPs.

The Military Armor Vehicle market is complemented by the Weapons market and the Automotive Market. Most of the modern-day programs like the Stryker is aimed at higher resistance and lower weight, this would also facilitate higher mobility. Most of the MBT programs around the world are focusing on two specific aspects on MBT engines, it includes reduce the heat exhaust from the engines and increasing the range. Reducing the heat is an important aspect due to the detectability of the MBT using Infrared, secondly, reduced exhaust temperature would help troops take cover close to the MBT during closed combat.

The key area of focus in the Armored Personnel Carrier is to reduce the exposure of the gunner to enemy fire. As an outcome of this, the gunner would be able to operate the gun from inside the vehicle using a remotely operated weapon. The remotely operated weapon also includes features like independent control for the commander to locate enemy targets. Israeli platforms like the Eitan 8X8 APC uses these remotely operated 0.50 Cal machine Gun and 30/40 mm automatic cannon.

The top three countries with the largest armored vehicle fleet are Russia, China, and the US . The Armored Personnel Carrier (APC) accounts for the biggest share of the total fleet.

However, the biggest evolution of the Armored Vehicle Market is the slow transformation from Passive Armor to Active Protection Systems (APS). The market is transforming towards eliminating the source of the threat, compared to an earlier generation of passive armor, which focused on withstanding the impact of the projectile. The APS was used predominantly on MBTs; however, the effectiveness of the system is catalyzing its adoption in the APC segment as well. The cost of the APS system varies from USD 200,000 to USD 1 Million, depending on the functionalities and platform. This is also one of the fastest growing segments in the Military Armored Vehicle market.


The study period of the report titled Global Military Armored Vehicle Market is between 2017-2027, however, the forecast period is between 2019-2027. The market is segmented based on Region, Platform, Component, Armor and Mobility.

Reasons to Buy

Key Topics Covered:

1 Introduction

1.1 Objective

1.2 Market Definition

1.3 Methodology

1.4 Events based Forecast Scenario

1.5 Who will benefit from this report?

1.5.1 Business Leaders & Business Developers

1.5.2 Defense Professionals

1.5.3 Policy Makers, Budget Planners, and Decision Makers

1.6 Language

2 Executive Summary

2.1 Military Armored Vehicle Market Trends and Insights

2.2 Major Findings

2.3 Major Conclusion

2.4 Important Tables and Graphs

3 Current Market Overview in the Global Military Armored Vehicle Market

3.1 Market Introduction

3.1.1 Firepower

3.1.2 Mobility

3.1.3 Vectronics

3.1.4 Survivability

3.2 Impact of IED on the Military Armored Vehicles Market

3.2.1 Coalition IED deaths

3.3 Armor material Selection

3.3.1 Armored Material and its Capability

3.3.2 Armor Design Criteria

3.4 End User Criteria

3.4.1 Critical

3.4.2 High

3.4.3 Medium

3.5 Current Market Overview

3.5.1 Global Armored Vehicle Fleet

3.6 Business Innovations in Cost Reduction

3.7 Technology Analysis in the Military Armored Vehicle Market

3.7.1 Protection

3.7.2 Components

3.7.3 Weapons

3.7.4 Systems & Sensors

4 Market Segmentation

5 Market Analysis

5.1 Market Drivers

5.1.1 Changing Battlefield Scenario

5.1.2 Complementing Markets

5.1.3 Increase in Insurgency

5.1.4 Global Armored Vehicle Programs

5.1.5 Increased in IED attacks

5.1.6 Global Conflicts

5.2 Market Restraints

5.2.1 Defense Budget

5.2.2 Overall Troop reduction

5.3 Market Challenges

5.3.1 Changing Dynamics of the market

5.3.2 High Life Cycle Cost

5.3.3 Troop Mobility

5.4 PEST Analysis

5.5 Porter’s Five Forces

6 Country Analysis

6.1 Introduction

6.2 United States

6.2.1 Major Importers of Military Armored Vehicle- US

6.2.2 Major Exporters of Military Armored Vehicle- US

6.2.3 Military Armored Vehicle Fleet of US

6.2.4 Future Programs

6.3 Russia

6.4 China

6.5 Saudi Arabia

6.6 Ukraine

6.7 North Korea

6.8 Turkey

6.9 Germany

6.10 Algeria

6.11 Israel

7 Global Military Armored Vehicle Market Platform Wise to 2027

7.1 Total Global Market by Platform to 2027

7.2 Total Global Market by Platform (By Region) to 2027

7.2.1 Main Battle Tank (MBT)

7.2.2 Armored Personnel Carrier (APC)

7.2.3 Light Armored Vehicle (LAV)

7.2.4 Mine Resistant Ambush Protected (MRAP)

7.2.5 Others

7.3 Total Global Market by Platform (By Components) to 2027

7.3.1 MBT

7.3.2 APC

7.3.3 LAV

7.3.4 MRAP

7.3.5 Others

8 Global Military Armored Vehicle Market by Region to 2027

8.1 Total Global Market by Region to 2027

8.2 Total Global Market by Region (By Platform) to 2027

8.3 Total Global Market by Region (By Mobility) to 2027

9 Global Military Armored Vehicle Market by Armor to 2027

9.1 Total Global Market by Armor to 2027

9.2 Total Global Market by Armor (By Product) to 2027

9.2.1 Active Armor

9.2.2 Passive Armor

9.3 Total Global Market by Armor (Region wise) to 2027

9.3.1 Active Armor

9.3.2 Passive Armor

10 Opportunity Analysis

10.1 By Region

10.2 By Platform

10.3 By Component

10.4 By Mobility

10.5 By Armor

11 Events Based Forecast

11.1 Introduction

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/81dvgd

View source version on businesswire.com:https://www.businesswire.com/news/home/20190528005254/en/

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Related Topics:Tanks and Armored Vehicles



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PUB: 05/28/2019 04:37 AM/DISC: 05/28/2019 04:37 AM


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