Global Armored Vehicles Upgrade and Retrofit Market Size, Status and Forecast 2019-2025

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.
In 2018, the global Armored Vehicles Upgrade and Retrofit market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Armored Vehicles Upgrade and Retrofit status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Armored Vehicles Upgrade and Retrofit development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

AM General (U.S.)
FNSS Savunma Sistemleri (UAE)
MKU (Inidia)
Oshkosh Defense (U.S.)
Sabiex International (Belgium)
BAE Systems (U.K)
Diehl Defence (Germany)
Elbit Systems (Israel)
General Dynamics (U.S.)
Palbam (Israel)
Rheinmetall (Germany)
Thales Group (France)

Market segment by Type, the product can be split into

Main Battle Tank
Light Protected Vehicles
Amphibious Armored Vehicles
Mine-Resistant Ambush Protected
Infantry Fighting Vehicles
Armored Personnel Carriers
Others

Market segment by Application, split into

Military
Commercial

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Armored Vehicles Upgrade and Retrofit status, future forecast, growth opportunity, key market and key players.
To present the Armored Vehicles Upgrade and Retrofit development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Armored Vehicles Upgrade and Retrofit are as follows:
History Year: 2014-2018

Base Year:

2018

Estimated Year:

2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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