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Market Research Report

Armored Vehicles Upgrade and Retrofit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published by IMARC Services Private Limited Product code 999683
Published Content info 109 Pages
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Armored Vehicles Upgrade and Retrofit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: April 12, 2021 Content info: 109 Pages
Description

The global armored vehicles upgrade and retrofit market reached a value of US$ 6.3 Billion in 2020. Armored vehicles refer to transportation and land combat vehicles used for various offensive and defensive operations. They are commonly employed for the transportation of military personnel and cargo as well as operating in active combats. These vehicles are often armed with weapons and protected by an armor against shell fragments, bullets and other projectiles.

Several programs are being conducted to upgrade the equipment and systems in old armored vehicles across the globe. Led by the availability of modern and evolved warfare technologies, these programs are driving the growth of the upgrade and retrofit market. Additionally, many countries are expanding their military budgets on account of increasing terrorism and hostile activities. These activities have also resulted in the requirement of frequent repairing and installation of new parts in armored vehicles. Besides, there has been a rise in the demand for low-cost per mile military vehicles. As the processes of upgrade and retrofit are comparatively less expensive than manufacturing a fully equipped vehicle, it has positively influenced the market growth. Moreover, there has been a rise in investments for the advancement of military troop equipment for increased mobility and improved protection of land troops across both developed and emerging economies. Looking forward, IMARC Group expects the global armored vehicles upgrade and retrofit market to exhibit moderate growth during 2021-2026.

Report Coverage:

  • Historical, Current and Future Market Trends/////

Market Breakup by Vehicle Type:

  • Armored Personnel Carrier (APC)
  • Infantry Fighting Vehicle (IFV)
  • Mine-Resistant Ambush Protected (MRAP)
  • Main Battle Tank (MBT)
  • Others

Market Breakup by Design:

  • Wheeled Armored Vehicles
  • Tracked Armored Vehicles

Market Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

  • The report has also analysed the competitive landscape of the market with some of the key players being AM General, FNSS Savunma Sistemleri, MKU, Oshkosh Defense, Sabiex International, BAE Systems, Diehl Defence, Elbit Systems, General Dynamics, Palbam, Rheinmetall, Thales Group, etc.

Key Questions Answered in This Report:

  • How has the global armored vehicles upgrade and retrofit market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global armored vehicles upgrade and retrofit industry?
  • What has been the impact of COVID-19 on the global armored vehicles upgrade and retrofit industry?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the design type?
  • What are the various stages in the value chain of the global armored vehicles upgrade and retrofit industry?
  • What are the key driving factors and challenges in the global armored vehicles upgrade and retrofit industry?
  • What is the structure of the global armored vehicles upgrade and retrofit industry and who are the key players?
  • What is the degree of competition in the global armored vehicles upgrade and retrofit industry?
  • What are the profit margins in the global armored vehicles upgrade and retrofit industry?
Table of Contents
Product Code: SR1020B69_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Armored Vehicles Upgrade and Retrofit Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Vehicle Type
  • 5.5 Market Breakup by Design
  • 5.6 Market Breakup by Region
  • 5.7 Market Forecast

6 Market Breakup by Vehicle Type

  • 6.1 Armored Personnel Carrier (APC)
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Infantry Fighting Vehicle (IFV)
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Mine-Resistant Ambush Protected (MRAP)
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Main Battle Tank (MBT)
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Others
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast

7 Market Breakup by Design

  • 7.1 Wheeled Armored Vehicles
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Tracked Armored Vehicles
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Region

  • 8.1 North America
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Europe
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Asia Pacific
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Middle East and Africa
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Latin America
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 SWOT Analysis

  • 9.1 Overview
  • 9.2 Strengths
  • 9.3 Weaknesses
  • 9.4 Opportunities
  • 9.5 Threats

10 Value Chain Analysis

  • 10.1 Overview
  • 10.2 Research and Development
  • 10.3 Parts Manufacturing
  • 10.4 System and Subsystem Assembly
  • 10.5 Final Integration
  • 10.6 Marketing and Sales
  • 10.7 Delivery to End Customers
  • 10.8 Aftermarket Services

11 Porters Five Forces Analysis

  • 11.1 Overview
  • 11.2 Bargaining Power of Buyers
  • 11.3 Bargaining Power of Suppliers
  • 11.4 Degree of Competition
  • 11.5 Threat of New Entrants
  • 11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

  • 13.1 Market Structure
  • 13.2 Key Players
  • 13.3 Profiles of Key Players
    • 13.3.1 AM General
    • 13.3.2 FNSS Savunma Sistemleri
    • 13.3.3 MKU
    • 13.3.4 Oshkosh Defense
    • 13.3.5 Sabiex International
    • 13.3.6 BAE Systems
    • 13.3.7 Diehl Defence
    • 13.3.8 Elbit Systems
    • 13.3.9 General Dynamics
    • 13.3.10 Palbam
    • 13.3.11 Rheinmetall
    • 13.3.12 Thales Group

List of Figures

  • Figure 1: Global: Armored Vehicles Upgrade and Retrofit Market: Major Drivers and Challenges
  • Figure 2: Global: Armored Vehicles Upgrade and Retrofit Market: Sales Value (in Billion US$), 2015-2020
  • Figure 3: Global: Armored Vehicles Upgrade and Retrofit Market: Breakup by Vehicle Type (in %), 2020
  • Figure 4: Global: Armored Vehicles Upgrade and Retrofit Market: Breakup by Design (in %), 2020
  • Figure 5: Global: Armored Vehicles Upgrade and Retrofit Market: Breakup by Region (in %), 2020
  • Figure 6: Global: Armored Vehicles Upgrade and Retrofit Market Forecast: Sales Value (in Billion US$), 2021-2026
  • Figure 7: Global: Armored Vehicles Upgrade and Retrofit Industry: SWOT Analysis
  • Figure 8: Global: Armored Vehicles Upgrade and Retrofit Industry: Value Chain Analysis
  • Figure 9: Global: Armored Vehicles Upgrade and Retrofit Industry: Porter's Five Forces Analysis
  • Figure 10: Global: Armored Vehicles Upgrade and Retrofit (Armored Personnel Carrier) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 11: Global: Armored Vehicles Upgrade and Retrofit (Armored Personnel Carrier) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 12: Global: Armored Vehicles Upgrade and Retrofit (Infantry Fighting Vehicle) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 13: Global: Armored Vehicles Upgrade and Retrofit (Infantry Fighting Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 14: Global: Armored Vehicles Upgrade and Retrofit (Mine-Resistant Ambush Protected) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 15: Global: Armored Vehicles Upgrade and Retrofit (Mine-Resistant Ambush Protected) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 16: Global: Armored Vehicles Upgrade and Retrofit (Main Battle Tank) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 17: Global: Armored Vehicles Upgrade and Retrofit (Main Battle Tank) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 18: Global: Armored Vehicles Upgrade and Retrofit (Other Vehicle Types) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 19: Global: Armored Vehicles Upgrade and Retrofit (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 20: Global: Armored Vehicles Upgrade and Retrofit (Wheeled Armored Vehicles) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 21: Global: Armored Vehicles Upgrade and Retrofit (Wheeled Armored Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 22: Global: Armored Vehicles Upgrade and Retrofit (Tracked Armored Vehicles) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 23: Global: Armored Vehicles Upgrade and Retrofit (Tracked Armored Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 24: North America: Armored Vehicles Upgrade and Retrofit Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 25: North America: Armored Vehicles Upgrade and Retrofit Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 26: Europe: Armored Vehicles Upgrade and Retrofit Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 27: Europe: Armored Vehicles Upgrade and Retrofit Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 28: Asia Pacific: Armored Vehicles Upgrade and Retrofit Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 29: Asia Pacific: Armored Vehicles Upgrade and Retrofit Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 30: Middle East and Africa: Armored Vehicles Upgrade and Retrofit Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 31: Middle East and Africa: Armored Vehicles Upgrade and Retrofit Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 32: Latin America: Armored Vehicles Upgrade and Retrofit Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 33: Latin America: Armored Vehicles Upgrade and Retrofit Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables

  • Table 1: Global: Armored Vehicles Upgrade and Retrofit Market: Key Industry Highlights, 2020 and 2026
  • Table 2: Global: Armored Vehicles Upgrade and Retrofit Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
  • Table 3: Global: Armored Vehicles Upgrade and Retrofit Market Forecast: Breakup by Design (in Million US$), 2021-2026
  • Table 4: Global: Armored Vehicles Upgrade and Retrofit Market Forecast: Breakup by Region (in Million US$), 2021-2026
  • Table 5: Global: Armored Vehicles Upgrade and Retrofit Market Structure
  • Table 6: Global: Armored Vehicles Upgrade and Retrofit Market: Key Players
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