Key Market Dynamics in Armored Vehicles Market

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This report provides an analysis of the Armored
Vehicles Market for the forecast period from
2018 to 2023. It discusses industry and
technological trends that are currently
prevailing in the market. The report analyzes the
factors that are driving and restraining the
growth of the armored vehicles market as well as
the challenges
faced by this market. It also the the
provides information on growth opportunities for
market. The armored
vehicles
market is projected to grow from USD 14.3
billion in 2018 to USD 16.8 billion by 2023, at a
CAGR of 3.25 during the forecast period. Key
factors fueling the growth of the market are
the increasing demand for armored vehicles due to
rise in the instances of cross-border conflicts
and rising incidences of asymmetric warfare
across the globe. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id6322755 Based on platform, the armored
vehicles market has been segmented into combat
vehicles, combat support vehicles, and unmanned
armored ground vehicles. The unmanned armored
ground vehicles segment is projected to grow at
the highest CAGR during the forecast period.
Increasing demand for unmanned systems in
battlefields is fueling the growth of this
segment of the market. Based on mobility, the
market has been segmented into wheeled and
tracked. The wheeled segment is projected to
grow at a higher CAGR as compared to the tracked
segment during the forecast period. Increased
demand for 4x4 light armored vehicles by
military forces to carry out Intelligence,
Surveillance, and Reconnaissance (ISR)
activities and transport defense personnel and
equipment from one location to another is
fueling the growth of this segment of the
market. Based on system, the market has been
segmented into engines, drive systems, ballistic
armor, turret drives, fire control systems,
armaments, countermeasure systems, Command
Control (C2) systems, power systems, navigation
systems, ammunition handling systems,
observation display systems, and hulls/frames.
The C2 systems segment is projected to lead the
armored vehicles market during the forecast
period. The growth of this segment can be
attributed to the increasing focus of military
2
organizations on the deployment of vehicles that
can function as command posts and provide
necessary voice and data connectivity for
intelligence inputs, fire support, and
maneuvering in battlefields. Key Market
Players Major players profiled in the report on
the ammunition market include Northrop Grumman
(Orbital ATK Inc.) (US), General Dynamics
Corporation (US), Olin Corporation (US), BAE
Systems (UK), Nammo AS (Norway), RUAG (RUAG
Ammotec) (Switzerland), Nexter (France), Vista
Outdoor Inc. (US), and Rheinmetall AG (Germany),
among others. Ask for the Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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