June 25, 2024

Armored Vehicle Upgrade and Retrofit Market Size Analysis 2023 To 2032

The global armored vehicle upgrade and retrofit market size accounted for US$ 6.8 Bn in 2022 and is projected to reach around USD 10.77 Bn by 2032, growing at a CAGR of 4.71% from 2023 to 2032.

Armored Vehicle Upgrade and Retrofit Market Revenue 2023 To 2032

Report Summary

The global armored vehicle upgrade and retrofit market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the armored vehicle upgrade and retrofit market across the globe.

A comprehensive estimate on the armored vehicle upgrade and retrofit market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of armored vehicle upgrade and retrofit during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Armored Vehicle Upgrade and Retrofit Market Report Scope 

Report CoverageDetails
Market Size in 2023USD 7.12 Billion
Market Size by 2032USD 10.77 Billion
Growth Rate from 2023 to 2032CAGR of 4.71%
Largest MarketNorth America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Type

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized armored vehicle upgrade and retrofit market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

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Armored Vehicle Upgrade and Retrofit Market Players

The report includes the profiles of key armored vehicle upgrade and retrofit market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area

  • Rheinmetall AG
  • General Dynamics Corporation
  • Elbit Systems Ltd
  • Textron Inc.
  • BAE Systems PLC
  • Oshkosh Corporation
  • FNSS Savunma Sistemleri
  • Nexter Group
  • Thales Group
  • RUAG Group
  • Patria Group
  • Bharat Electronics Limited (BEL)

Market Segmentation

By Type

  • Armored Personnel Carrier (APC)
  • Infantry Fighting Vehicle (IFV)
  • Mine-resistant Ambush Protected (MRAP)
  • Main Battle Tank (MBT)
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Armored Vehicle Upgrade and Retrofit Market

5.1. COVID-19 Landscape: Armored Vehicle Upgrade and Retrofit Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics 6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Armored Vehicle Upgrade and Retrofit Market, By Type

8.1. Armored Vehicle Upgrade and Retrofit Market Revenue and Volume, by Type, 2023-2032

8.1.1. Armored Personnel Carrier (APC)

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Infantry Fighting Vehicle (IFV)

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Mine-resistant Ambush Protected (MRAP)

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

8.1.4. Main Battle Tank (MBT)

8.1.4.1. Market Revenue and Volume Forecast (2020-2032)

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Armored Vehicle Upgrade and Retrofit Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.1.2. U.S.

9.1.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.1.3. Rest of North America

9.1.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.2. Europe

9.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.2.2. UK

9.2.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.2.3. Germany

9.2.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.2.4. France

9.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.2.5. Rest of Europe

9.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.3. APAC

9.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.3.2. India

9.3.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.3.3. China

9.3.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.3.4. Japan

9.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.3.5. Rest of APAC

9.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.4. MEA

9.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.4.2. GCC

9.4.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.4.3. North Africa

9.4.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.4.4. South Africa

9.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.4.5. Rest of MEA

9.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.5. Latin America

9.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.5.2. Brazil

9.5.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)

9.5.3. Rest of LATAM

9.5.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)

Chapter 10. Company Profiles

10.1. Rheinmetall AG

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. General Dynamics Corporation

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Elbit Systems Ltd

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Textron Inc.

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. BAE Systems PLC

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Oshkosh Corporation

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. FNSS Savunma Sistemleri

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Nexter Group

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Thales Group

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. RUAG Group

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or t犀利士
he Asia Pacific.

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