Military Armored Vehicles and Counter-IED Vehicles Market Analysis APAC, North America, Middle East and Africa, Europe, South America - US, Saudi Arabia, China, Japan, India - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 177 SKU: IRTNTR44995

Military Armored Vehicles and Counter-IED Vehicles Market 2024-2028

The military armored vehicles and counter-ied vehicles market size is estimated to grow at a CAGR of 3.71% between 2023 and 2028. The market size is forecast to increase by USD 6.86 billion. The growth of the market depends on several factors, such as the asymmetric warfare leading to the procurement of arsenal, the upgrade of defense capabilities to counter emerging security threats, and the ongoing digitization of battlefield operations. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.

This report extensively covers market segmentation by product (infantry fighting vehicle (IFV), armored personnel carrier (APC), main battle tank (MBT), self-propelled howitzer (SPH), and others), mobility type (wheeled and tracked), and geography (APAC, North America, Middle East and Africa, Europe, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

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

Military Armored Vehicles and Counter-IED Vehicles Market Forecast 2024-2028

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Military Armored Vehicles and Counter-IED Vehicles Market Dynamics

Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver - Upgrade of defense capabilities to counter emerging security threats

Several military transport systems are susceptible targets of terrorist organizations for inflicting huge casualties and causing psychological trauma to the military infrastructure of a country. In addition, the frequency of terrorist attacks on surface transportation targets, such as military convoys, has increased and resulted in numerous casualties worldwide over the years.

As a result, it has forced governments to procure advanced machinery for protecting soldiers, such as APCs and IFVs. In addition, the current clash between Chinese and Indian troops has accelerated the purchase of armored vehicles, with Stryker, Tata WhAP, and Humvee being the biggest contenders. Furthermore, most prominent nations have already launched modernization initiatives for their armored vehicle fleet to deliver an augmented level of safety and mission readiness. Hence, such factors are driving the market growth during the forecast period.

Trends - Emergence of Active Protection Systems (APS)

APS significantly improves the survivability of armored vehicles by providing an additional layer of defense against several threats, such as anti-tank guided missiles, rocket-propelled grenades (RPGs), and other projectiles. Therefore, armored vehicles equipped with APS have become more resilient in the face of modern anti-armor threats. In addition, the use of APS reduces the vulnerability of both the crew inside the vehicle and the vehicle itself.

Moreover, by intercepting threats before they reach the vehicle, APS mitigates the impact of explosive penetrators and shaped charge warheads, which are commonly used in anti-armor munitions. In addition, many APS systems are designed to be modular and can be retrofitted onto existing armored vehicle platforms. Furthermore, this modularity enables military forces to upgrade their existing fleets with APS technology without the need for complete vehicle replacement.  Hence, such factors are driving the market growth during the forecast period.

Challenge - Growing cyber threats

As several military armored vehicles and counter-IED vehicles become increasingly dependent on advanced electronic systems, such as communication, navigation, and weapon control, they are prone to cyberattacks. In addition, cybersecurity measures are essential to protect these systems from hacking, data breaches, and remote control by adversaries.

Moreover, the integration of robust cybersecurity features is critical to safeguarding vehicle systems and sensitive data. In addition, the supply chain for military vehicles involves numerous components and subsystems from various suppliers. Furthermore, cyber supply chain security is a growing concern in the defense industry. Hence, such factors are negatively impacting the market which in turn hinders the market growth during the forecast period.

Military Armored Vehicles and Counter-IED Vehicles Market Segmentation by Product, Mobility Type and Geography

Product Segment Analysis:

The infantry fighting vehicle (IFV) segment is estimated to witness significant growth during the forecast period. Earlier, this segment used to be focused on providing mobility and firepower to the forces while compromising protection, but recent trends have witnessed the integration of superior artillery and damage-resistant armor into modern IFVs. In addition, 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.

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The infantry fighting vehicle (IFV)  segment was the largest segment and was valued at USD 13.67 billion in 2018. Moreover, IFVs are equipped with a variety of weapons systems to support troops in combat. This comprises a combination of machine guns, automatic cannons, anti-tank guided missiles, and other weaponry. In addition, they provide infantry support during these operations and enhance the overall combat capability of a mechanized force. Furthermore, their mobility allows infantry forces to reach the battlefield swiftly Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Mobility Type Segment Analysis:

Based on the mobility type, the segment is classified into wheeled and tracked. This segment is often used to transport infantry and other military personnel to and from the battlefield. In addition, they offer mobility and protection for troops, allowing them to reach their destinations safely. Moreover, some wheeled armored vehicles are armed with various types of weapons, including machine guns, autocannons, and anti-tank missiles. Furthermore, they offer direct and indirect fire support to infantry and can engage enemy positions, vehicles, and personnel. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 39% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  Factors such as the rising tension among neighboring countries, particularly the South China Sea dispute, neighboring countries are strengthening their military prowess through the rapid procurement of armored and counter-IED vehicles which is significantly contributing to the growth of the market in APAC. In addition, countries such as  China, South Korea, India, and Japan are continuously increasing their defense budgets to strengthen their national security. Therefore, the growing demand for such equipment from military forces of different countries in APAC is positively impacting the market growth in the region. Hence, such factors drive the market growth in APAC during the forecast period.

COVID Recovery Analysis:

In 2020, during the COVID-19 pandemic, the growth of the global military armored vehicles and counter-IED vehicles market witnessed a significant slowdown due to the challenges faced by military and defense industries in many countries with how to deal with the pandemic. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the reopening of manufacturing facilities and increased spending for the defense sector. Such factors are expected to drive the market during the forecast period.

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

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB Volvo:  The company offers military armored vehicles and counter IED vehicles such as VAB MK 3, fortress MK2, and sherpa light.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Alpine Armoring Inc., BAE Systems Plc, Denel SOC Ltd., General Dynamics Corp., Hyundai Motor Co., International Armored Group, KNDS N.V., Lockheed Martin Corp., Milkor Pty Ltd., NORINCOGROUP.com Inc., Northrop Grumman Corp., Oshkosh Corp., Renault SAS, Rheinmetall AG, Rostec, SAUDI GROUPS, SVI ENGINEERING, STREIT Group, and Traton SE.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The military armored vehicles and counter-ied vehicles market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Outlook
    • Infantry fighting vehicle (IFV)
    • Armored personnel carrier (APC)
    • Main battle tank (MBT)
    • Self-propelled howitzer (SPH)
    • Others
  • Mobility Type Outlook
    • Wheeled
    • Tracked
  • Geography Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Military Armored Vehicles And Counter-IED Vehicles Market Scope

Report Coverage

Details

Page number

177

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.71%

Market growth 2024-2028

USD 6.86 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

3.53

Regional analysis

APAC, North America, Middle East and Africa, Europe, and South America

Performing market contribution

APAC at 39%

Key countries

US, Saudi Arabia, China, Japan, and India

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, Alpine Armoring Inc., BAE Systems Plc, Denel SOC Ltd., General Dynamics Corp., Hyundai Motor Co., International Armored Group, KNDS N.V., Lockheed Martin Corp., Milkor Pty Ltd., NORINCOGROUP.com Inc., Northrop Grumman Corp., Oshkosh Corp., Renault SAS, Rheinmetall AG, Rostec, SAUDI GROUPS, SVI ENGINEERING, STREIT Group, and Traton SE

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 forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the military armored vehicles and counter-IED vehicles market  between 2024 and 2028
  • Precise estimation of the military armored vehicles and counter-IED vehicles market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Middle East and Africa, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of military armored vehicles and counter-ied vehicles market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Mobility Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global military armored vehicles and counter-IED vehicles market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global military armored vehicles and counter-ied vehicles market 2018 - 2022 ($ million)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.3 Mobility Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Mobility Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Infantry fighting vehicle (IFV) - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Infantry fighting vehicle (IFV) - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Infantry fighting vehicle (IFV) - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Infantry fighting vehicle (IFV) - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Infantry fighting vehicle (IFV) - Year-over-year growth 2023-2028 (%)
    • 6.4 Armored personnel carrier (APC) - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Armored personnel carrier (APC) - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Armored personnel carrier (APC) - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Armored personnel carrier (APC) - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Armored personnel carrier (APC) - Year-over-year growth 2023-2028 (%)
    • 6.5 Main battle tank (MBT) - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Main battle tank (MBT) - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Main battle tank (MBT) - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Main battle tank (MBT) - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Main battle tank (MBT) - Year-over-year growth 2023-2028 (%)
    • 6.6 Self-propelled howitzer (SPH) - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Self-propelled howitzer (SPH) - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Data Table on Self-propelled howitzer (SPH) - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Chart on Self-propelled howitzer (SPH) - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Self-propelled howitzer (SPH) - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ million)
      • Exhibit 55: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Mobility Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Mobility Type - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Mobility Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Mobility Type
      • Exhibit 58: Chart on Comparison by Mobility Type
      • Exhibit 59: Data Table on Comparison by Mobility Type
    • 7.3 Wheeled - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Wheeled - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Wheeled - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Wheeled - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Wheeled - Year-over-year growth 2023-2028 (%)
    • 7.4 Tracked - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Tracked - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Tracked - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Tracked - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Tracked - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Mobility Type
      • Exhibit 68: Market opportunity by Mobility Type ($ million)
      • Exhibit 69: Data Table on Market opportunity by Mobility Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.6 Europe - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 India - Market size and forecast 2023-2028
      • Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.12 Saudi Arabia - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 123: AB Volvo - Overview
              • Exhibit 124: AB Volvo - Business segments
              • Exhibit 125: AB Volvo - Key news
              • Exhibit 126: AB Volvo - Key offerings
              • Exhibit 127: AB Volvo - Segment focus
            • 12.4 Alpine Armoring Inc.
              • Exhibit 128: Alpine Armoring Inc. - Overview
              • Exhibit 129: Alpine Armoring Inc. - Product / Service
              • Exhibit 130: Alpine Armoring Inc. - Key offerings
            • 12.5 BAE Systems Plc
              • Exhibit 131: BAE Systems Plc - Overview
              • Exhibit 132: BAE Systems Plc - Business segments
              • Exhibit 133: BAE Systems Plc - Key offerings
              • Exhibit 134: BAE Systems Plc - Segment focus
            • 12.6 Denel SOC Ltd.
              • Exhibit 135: Denel SOC Ltd. - Overview
              • Exhibit 136: Denel SOC Ltd. - Business segments
              • Exhibit 137: Denel SOC Ltd. - Key offerings
              • Exhibit 138: Denel SOC Ltd. - Segment focus
            • 12.7 General Dynamics Corp.
              • Exhibit 139: General Dynamics Corp. - Overview
              • Exhibit 140: General Dynamics Corp. - Business segments
              • Exhibit 141: General Dynamics Corp. - Key news
              • Exhibit 142: General Dynamics Corp. - Key offerings
              • Exhibit 143: General Dynamics Corp. - Segment focus
            • 12.8 Hyundai Motor Co.
              • Exhibit 144: Hyundai Motor Co. - Overview
              • Exhibit 145: Hyundai Motor Co. - Business segments
              • Exhibit 146: Hyundai Motor Co. - Key news
              • Exhibit 147: Hyundai Motor Co. - Key offerings
              • Exhibit 148: Hyundai Motor Co. - Segment focus
            • 12.9 International Armored Group
              • Exhibit 149: International Armored Group - Overview
              • Exhibit 150: International Armored Group - Product / Service
              • Exhibit 151: International Armored Group - Key offerings
            • 12.10 Lockheed Martin Corp.
              • Exhibit 152: Lockheed Martin Corp. - Overview
              • Exhibit 153: Lockheed Martin Corp. - Business segments
              • Exhibit 154: Lockheed Martin Corp. - Key news
              • Exhibit 155: Lockheed Martin Corp. - Key offerings
              • Exhibit 156: Lockheed Martin Corp. - Segment focus
            • 12.11 NORINCOGROUP.com Inc.
              • Exhibit 157: NORINCOGROUP.com Inc. - Overview
              • Exhibit 158: NORINCOGROUP.com Inc. - Product / Service
              • Exhibit 159: NORINCOGROUP.com Inc. - Key offerings
            • 12.12 Northrop Grumman Corp.
              • Exhibit 160: Northrop Grumman Corp. - Overview
              • Exhibit 161: Northrop Grumman Corp. - Business segments
              • Exhibit 162: Northrop Grumman Corp. - Key news
              • Exhibit 163: Northrop Grumman Corp. - Key offerings
              • Exhibit 164: Northrop Grumman Corp. - Segment focus
            • 12.13 Oshkosh Corp.
              • Exhibit 165: Oshkosh Corp. - Overview
              • Exhibit 166: Oshkosh Corp. - Business segments
              • Exhibit 167: Oshkosh Corp. - Key offerings
              • Exhibit 168: Oshkosh Corp. - Segment focus
            • 12.14 Renault SAS
              • Exhibit 169: Renault SAS - Overview
              • Exhibit 170: Renault SAS - Product / Service
              • Exhibit 171: Renault SAS - Key offerings
            • 12.15 Rheinmetall AG
              • Exhibit 172: Rheinmetall AG - Overview
              • Exhibit 173: Rheinmetall AG - Business segments
              • Exhibit 174: Rheinmetall AG - Key news
              • Exhibit 175: Rheinmetall AG - Key offerings
              • Exhibit 176: Rheinmetall AG - Segment focus
            • 12.16 Rostec
              • Exhibit 177: Rostec - Overview
              • Exhibit 178: Rostec - Product / Service
              • Exhibit 179: Rostec - Key offerings
            • 12.17 Traton SE
              • Exhibit 180: Traton SE - Overview
              • Exhibit 181: Traton SE - Business segments
              • Exhibit 182: Traton SE - Key news
              • Exhibit 183: Traton SE - Key offerings
              • Exhibit 184: Traton SE - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: 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.

              INFORMATION 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

              DATA 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

              REPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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