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Armored Fighting vehicles Market: Analysis of Growth, Trends Progress and Challenges (2018-2023)

  • ID: 4402505
  • Report
  • 115 pages
  • Mordor Intelligence
until Dec 31st 2019
1 of 4


  • General Dynamics
  • Lockheed Martin
  • Northrop Grumman
  • Oto Melara
  • Raytheon
  • MORE
Always crux of the battle or the operation is performed by ground attack forces. Aircraft and ships provide supplementary firepower and protection, but the primary fighting is done by the ground forces. The Armored Division supplements their attack and provide them cover fire. Both Infantry and Armored Division are Interconnected cannot be effective without one another. An Armored Fighting Vehicle is a ground attack combat vehicle with strong armor and which can perform offensive and defensive activities as well as can be used for reconnaissance. Market for Armored Fighting vehicles is booming and is evident by the mega order placed by Great Britain for 589 Armored Fighting vehicles with General Dynamics in a deal worth 3.5 Billion Pounds. These Vehicles are small tanks which can adapt to an array of roles like reconnaissance, ambulance, command and control among various others. Some of the commonly used Armored Fighting vehicles include Armored Cars, Tanks, Amphibious Vehicles, Air Defense Vehicles amongst others. Use of Armored Fighting vehicles exists not only within the Army but with Navy and Air Force.

The Armored Fighting vehicles Market is growing at a fast pace and is expected to reach $34.6 Billion in value by 2020. The U.S. is gradually pulling back from its long drawn out war in Afghanistan and has almost completely withdrawn from Iraq, hence the demand for new Armored Fighting vehicles in the United States , the biggest market for such vehicles is witnessing reduced expenditures.But United States has to replace the ageing Humvees which form the core of is infantry hence the United States recently awarded a $6.75 billion tender to Oshkosh to build 17000 light tactical vehicles which would replace the Humvee, this order is the most significant in armoured fighting vehicle market as the 2 military services have planned to induct as many as 55000 vehicles over a long period of time at a value of over $30 billion which will be truly massive for the Armored Fighting Vehicles Market. The Asia Pacific and Middle East regions will be the potential market of high growth going into the future. This trend is already showing with Saudi Arabia, China and others, which are spending on Armored Fighting Vehicles.

What the report offers

The study identifies the situation of Armored Fighting vehicles Market and predicts its growth. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Armored Fighting vehicles Market. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types of Armored Fighting vehicles and the Regions of the World.
Note: Product cover images may vary from those shown
2 of 4


  • General Dynamics
  • Lockheed Martin
  • Northrop Grumman
  • Oto Melara
  • Raytheon
  • MORE
1. Research Methodology

2. Key Findings of The Study

3. Executive Summary

4. Market Overview
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter’s 5 Force Analysis
4.4 Industry Policies

5. Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing terrorist activities across the world
5.2.2 Huge demand from Asia Pacific and Middle East
5.3 Restraints
5.3.1 Declining Defense Expenditures in Developed Countries
5.3.2 Many Armored Fighting Vehicles not Equipped to Fight In High Altitudes and Tough Terrains
5.4 Trends
5.4.1 Iraq to Purchase Armored Vehicles and artillery worth $2.4 Billion From United States
5.4.2 Infantry Fighting Vehicle Market to Dominate Armored Vehicles Market In the Future

6. Armored Vehicles Market
6.1 Internal Security Budget Spending Overview
6.2 Technology Overview
6.3 Segmentation By Type
6.3.1 Tanks Main Battle Tank Light Tanks
6.3.2 Troop Carriers Armored personal Carriers Infantry Fighting Vehicles Infantry Mobility Vehicles
6.3.3 Armored Car Reconnaissance Vehicle Improvised Fighting Vehicles
6.3.4 Amphibious Vehicles
6.3.5 Armored Engineering Vehicle Assault Breacher Vehicle Armored Bulldozer Armored Recovery Vehicle Armored Vehicle- Launched Bridge
6.3.6 Self Propelled Artillery Assault Gun Mortar Carrier Multiple Rocket Launcher Tank Destroyer
6.3.7 Air Defense Vehicles
6.4 Segmentation By Region
6.4.1 North America
6.4.2 South America
6.4.3 Asia-Pacific
6.4.4 Middle East
6.4.5 Europe

7. Competitive Intelligence - Company Profiles
7.1 General Dynamics
7.1.1 Overview
7.1.2 Major Products and Services
7.1.3 Financials
7.1.4 Recent Developments
7.2 Northrop Grumman
7.2.1 Overview
7.2.2 Major Products and Services
7.2.3 Financials
7.2.4 Recent Developments
7.3 Raytheon
7.3.1 Overview
7.3.2 Major Products and Services
7.3.3 Financials
7.3.4 Recent Developments
7.4 Oto Melara
7.4.1 Overview
7.4.2 Major Products and Services
7.4.3 Financials
7.4.4 Recent Developments
7.5 Lockheed Martin
7.5.1 Overview
7.5.2 Major Products and Services
7.5.3 Financials
7.5.4 Recent Developments
7.6 Iveco
7.6.1 Overview
7.6.2 Major Products and Services
7.6.3 Financials
7.6.4 Recent Developments
7.7 Volgograd Tractor Plant
7.7.1 Overview
7.7.2 Major Products and Services
7.7.3 Financials
7.7.4 Recent Developments
7.8 Uralvagonzavod
7.8.1 Overview
7.8.2 Major Products and Services
7.8.3 Financials
7.8.4 Recent Developments
7.9 BAE Systems Plc
7.9.1 Overview
7.9.2 Major Products and Services
7.9.3 Financials
7.9.4 Recent Developments
7.10 MBDA
7.10.1 Overview
7.10.2 Major Products and Services
7.10.3 Financials
7.10.4 Recent Developments
7.11 Textron Systems
7.11.1 Overview
7.11.2 Major Products and Services
7.11.3 Financials
7.11.4 Recent Developments
7.12 Rafael Advanced Defense Systems
7.12.1 Overview
7.12.2 Major Products and Services
7.12.3 Financials
7.12.4 Recent Developments
7.13 AM General
7.13.1 Overview
7.13.2 Major Products and Services
7.13.3 Financials
7.13.4 Recent Developments
7.14 Boeing
7.14.1 Overview
7.14.2 Major Products and Services
7.14.3 Financials
7.14.4 Recent Developments
7.15 Larsen And Toubro
7.15.1 Overview
7.15.2 Major Products and Services
7.15.3 Financials
7.15.4 Recent Developments
7.16 Defense Research And Development Organisation
7.16.1 Overview
7.16.2 Major Products and Services
7.16.3 Financials
7.16.4 Recent Developments
7.17 Nexter
7.17.1 Overview
7.17.2 Major Products and Services
7.17.3 Financials
7.17.4 Recent Developments

8. Investment Analysis
8.1 Recent Mergers And Acquisitions
8.2 Investment Outlook

9. Future Of Armored Fighting Vehicles Market
Note: Product cover images may vary from those shown
3 of 4


4 of 4
  • General Dynamics
  • Northrop Grumman
  • Raytheon
  • Oto Melara
  • Lockheed Martin
Note: Product cover images may vary from those shown