Military Armored Vehicles and Counter-IED Vehicles Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44995
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The military armored vehicles and counter-IED vehicles market share is expected to increase by USD 6.02 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.61%.

This military armored vehicles and counter-IED vehicles market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers military armored vehicles and counter-IED vehicles market segmentation by product (IFV, APC, MBT, SPH, and others) and geography (APAC, North America, MEA, Europe, and South America). The military armored vehicles and counter-IED vehicles market report also offers information on several market vendors, including Alpine Armoring Inc., BAE Systems Plc, Denel SOC Ltd., General Dynamics Corp., Hyundai Heavy Industries Co. Ltd., Lockheed Martin Corp., Navistar International Corp., Oshkosh Corp., Rheinmetall AG, and Rostec State Corp. among others.

What will the Military Armored Vehicles and Counter-IED Vehicles Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Military Armored Vehicles and Counter-IED Vehicles Market Size for the Forecast Period and Other Important Statistics

 

Military Armored Vehicles and Counter-IED Vehicles Market: Key Drivers and Trends

The ongoing digitization of battlefield operations is notably driving the military armored vehicles and counter-IED vehicles market growth, although factors such as high R&D costs and successive project cancellations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the military armored vehicles and counter-IED vehicles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Military Armored Vehicles and Counter-IED Vehicles Market Driver

The ongoing digitization of battlefield operations is one of the key factors that will drive market growth. Factors such as the introduction of information-based weapon systems that are capable of providing effective firepower and knowledge base for combat personnel will transform military tactics and procedures. The adoption of networked technologies will provide customers with automated remote area target monitoring. Additionally, it also aids in enhancing surveillance by providing units the ability to detect and recognize personnel. Advanced economies have already started adopting electronic warfare and are involved in R&D to enhance military efficiency. With the growing number of countries adopting modern technologies, the demand for modern warfare vehicles will increase in the coming years.

Key Military Armored Vehicles and Counter-IED Vehicles Market Trend

Terrorist organizations are enhancing technological skills for escalating the dimension of security threats. The use of advanced explosives has increased the need for developing new MRAP systems to counter emerging threats. Several nations have already launched modernization initiatives for their armored vehicle fleet to deliver an augmented level of safety and mission readiness. Such initiatives taken by the global armed forces to counter-terrorism will accelerate military armored vehicles and counter-IED vehicles market growth during the forecast period.

This military armored vehicles and counter-IED vehicles market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Military Armored Vehicles and Counter-IED Vehicles Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alpine Armoring Inc.
  • BAE Systems Plc
  • Denel SOC Ltd.
  • General Dynamics Corp.
  • Hyundai Heavy Industries Co. Ltd.
  • Lockheed Martin Corp.
  • Navistar International Corp.
  • Oshkosh Corp.
  • Rheinmetall AG
  • Rostec State Corp.

 

This statistical study of the military armored vehicles and counter-IED vehicles market encompasses successful business strategies deployed by the key vendors. The military armored vehicles and counter-IED vehicles market is fragmented and the vendors are deploying growth strategies such as investing in the R&D of better products to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The military armored vehicles and counter-IED vehicles market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Military Armored Vehicles and Counter-IED Vehicles Market?

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38% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for military armored vehicles and counter-IED vehicles in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.

Rapid development in terms of procurement initiatives and placement of adjoining orders will facilitate the military armored vehicles and counter-IED vehicles market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Military Armored Vehicles and Counter-IED Vehicles Market?

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The military armored vehicles and counter-IED vehicles market share growth by the IFV segment will be significant during the forecast period. The high demand for IFVs is attributable to the variety of features they possess and the plethora of strategic options they can deliver when deployed on the battlefield. A considerable increase in technological and strategic collaborations between manufacturers to develop and integrate state-of-the-art technologies into IFVs has been observed in the last decade. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the military armored vehicles and counter-IED vehicles market size and actionable market insights on post COVID-19 impact on each segment.

 

Military Armored Vehicles and Counter-IED Vehicles Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.61%

Market growth 2021-2025

$ 6.02 billion

Market structure

Fragmented

YoY growth (%)

3.30

Regional analysis

APAC, North America, MEA, Europe, and South America

Performing market contribution

APAC at 38%

Key consumer countries

US, China, Japan, India, and Saudi Arabia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alpine Armoring Inc., BAE Systems Plc, Denel SOC Ltd., General Dynamics Corp., Hyundai Heavy Industries Co. Ltd., Lockheed Martin Corp., Navistar International Corp., Oshkosh Corp., Rheinmetall AG, and Rostec State Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Military Armored Vehicles and Counter-IED Vehicles Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive military armored vehicles and counter-IED vehicles market growth during the next five years
  • Precise estimation of the military armored vehicles and counter-IED vehicles market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the military armored vehicles and counter-IED vehicles industry across APAC, North America, MEA, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of military armored vehicles and counter-IED vehicles market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • IFV - Market size and forecast 2020-2025
    • APC - Market size and forecast 2020-2025
    • MBT - Market size and forecast 2020-2025
    • SPH - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Alpine Armoring Inc.
      • BAE Systems Plc
      • Denel SOC Ltd.
      • General Dynamics Corp.
      • Hyundai Heavy Industries Co. Ltd.
      • Lockheed Martin Corp.
      • Navistar International Corp.
      • Oshkosh Corp.
      • Rheinmetall AG
      • Rostec State Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The military armored vehicles and counter-ied vehicles market growth will increase by $6020.79 million during 2020-2025.
      The military armored vehicles and counter-ied vehicles market is expected to grow at a CAGR of 3.61% during 2020-2025.
      Technavio has segmented the military armored vehicles and counter-ied vehicles market by product (IFV, APC, MBT, SPH, and Others) and geographic (APAC, North America, MEA, Europe, and South America).
      Alpine Armoring Inc., BAE Systems Plc, Denel SOC Ltd., General Dynamics Corp., Hyundai Heavy Industries Co. Ltd., Lockheed Martin Corp., Navistar International Corp., Oshkosh Corp., Rheinmetall AG, Rostec State Corp. are a few of the key vendors in the military armored vehicles and counter-ied vehicles market.
      APAC will register the highest growth rate of 38.02% among the other regions. Therefore, the military armored vehicles and counter-ied vehicles market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the military armored vehicles and counter-ied vehicles market growth are:
      • Asymmetric warfare leading to procurement of arsenal
      • Advent of hybrid drivetrains in MRAPs
      The military armored vehicles and counter-ied vehicles market vendors should focus on grabbing business opportunities from the ifv segment as it accounted for the largest market share in the base year.
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