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Introduction

The market is expected to be dominated by countries in the Asia-Pacific region, followed by North America and Europe. Market saturation in the US and higher CAGR growth of the Asian countries during the forecast period are anticipated to be the major reasons for the emergence of the Asia Pacific region as the biggest armored vehicles and related MRO market.

Features and benefits

* Analyze the size of the global armored vehicle market.
* Assess the future direction and size of the market.
* Examine the growth drivers in the global armored vehicle market.
* Assess the trends and challenges in the market.

Highlights

Robust growth is being driven by a need to modernize to respond to a perceived increase in threats. Emerging economies are increasing defense spending in line with wider economic growth and their improved standing in the world, while some more developed economies have been forced to reign in increases due to a period of economic malaise.
The market poses challenges. Defense spending cuts among some of the industry's biggest spending countries could potentially impact players as orders are far from guaranteed and the need to integrate new, in-demand technologies may result in cost overruns and program delays that could impact margins further.

Your key questions answered

* How big is the global armored vehicle market?
* What are the future projections for the market?
* What is driving this market?
* What potential challenges exist?

Table Of Contents

The Global Armored Vehicles Market: Market drivers, trends, developments and challenges
OVERVIEW
Catalyst
Summary
MARKET WILL GROW, SPURRED BY ASIA-PACIFIC
Global armored vehicles and MRO market expected to increase during forecast period
Asia Pacific expected to lead global armored vehicles and MRO market
Slower growth in North America and Europe
MODERNIZATION INITIATIVES, INCREASED THREATS and DEFENSE BUDGETS DRIVE GROWTH
Modernization initiatives drive demand for armored vehicles and related MRO services
Increased security threats drive demand for armored vehicles
Defense spending grows even amid economic turmoil
Low growth in North America and Europe
Emerging economies ramp up spending
KEY TRENDS: SHIFT TO UPGRADES, NEW TECHNOLOGIES, AND CONSOLIDATION
Shift of focus from procurements to upgrade programs due to budget cuts across global markets
Vehicle-mounted directed energy weapons (DEW) lasers will be the new weapons for armored vehicles
Increased need for vehicle survivability has necessitated the development and fielding of active protection systems
Migration to wheeled platforms from tracked platforms
Modular platforms growing in popularity
Partnerships and collaboration: a growing feature
Large defense companies acquiring smaller firms with niche technology capabilities
KEY CHALLENGES: DEFENSE BUDGET RESTRAINTS AND NEED TO INTEGRATE NEW TECHNOLOGIES
Defense budget cuts to impact the market
Need to integrate complex technology may result in cost overruns and program delays
CONCLUSIONS
Modernization drives market on despite budgetary restraints
APPENDIX
Definitions
Further Reading
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