Armored Vehicle Market Pegged for Robust Expansion by 2031 | Type, Application, Scope & Key Companies: INKAS Armored Vehicle Manufacturing, International Armored Group

New York, Global Armored Vehicle Market report from Global Insight Services is the single authoritative source of intelligence on Armored Vehicle Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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An armored vehicle is a type of vehicle that is designed to protect its occupants from various threats, including small arms fire, improvised explosive devices, and larger caliber projectiles. Armored vehicles can be either wheeled or tracked, and are typically produced in a variety of specialized variants, such as personnel carriers, infantry fighting vehicles, and tank destroyers.

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Key Trends

There are several key trends in armored vehicle technology. One is the move towards lighter-weight materials such as aluminum and composites, which offer better protection than traditional steel while reducing weight and fuel consumption.

Another trend is the use of active protection systems, which can detect and intercept incoming missiles or projectiles, to improve the survivability of armored vehicles.

Finally, there is a trend towards electric drivetrains, which are more efficient than traditional internal combustion engines and offer silent operation, which is beneficial for stealth operations.

Key Drivers

The armored vehicles offer protection against small arms, land mines, and improvised explosive devices (IEDs). These vehicles are used by armed forces, law enforcement agencies, and private security companies. The rising number of terrorist attacks and cross-border disputes are the major factors driving the demand for armored vehicles.

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Market Segmentation

By Type

-Wheeled
-Tracked

By Application

-Defense
-Law Enforcement

By Region

-North America
-The U.S.
-Canada
-Mexico
-Europe
-The UK
-Germany
-France
-Spain
-Rest of Europe

Key Players

The key players in the armored vehicle market are BAE Systems., General Dynamics Corporation, INKAS Armored Vehicle Manufacturing, International Armored Group, Krauss-Maffei Wegmann GmbH & Co., Lenco Armored Vehicles, Lockheed Martin Corporation, Oshkosh Corporation, Inc., Rheinmetall AG, and STREIT Group.

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