This
report is the result of SDI’s extensive market and company research covering
the global armored and counter IED vehicles industry. It provides detailed
analysis of both historic and forecast global industry values, factors
influencing demand, the challenges faced by industry participants, analysis of
the leading companies in the industry, and key news.
Introduction
and Landscape
Why
was the report written?
“The
Global Armored and Counter
IED Vehicles Market 2013-2023″ offers the reader detailed analysis of the
global armored and counter IED vehicle market over the next ten years,
alongside potential market opportunities to enter the industry, using detailed
market size forecasts.
What
are the key drivers behind recent market changes?
The
global armored and counter IED vehicles market valued US$ XX billion in 2013,
and will increase at a CAGR of XX % during the forecast period, to reach US$ XX
billion by 2023. The market consists of six categories: APCs, LMVs, IFVs,
MRAPs, MBTs and Tactical Trucks. The IFV segment is expected to account for XX
% of the global armored and counter IED vehicles market, followed by the MBT
segment with a share of XX %. Furthermore, the APC and MRAP markets will
account for XX % and XX % of the overall armored and counter IED vehicles
market, whereas LMV and tactical trucks will account for the remaining XX %
market share. During the forecast period, the cumulative global expenditure on
armored and counter IED vehicles is expected to reach US$ XX billion.
What
makes this report unique and essential to read?
“The
Global Armored and Counter IED Vehicles Market 2013-2023″ provides detailed
analysis of the current industry size and growth expectations from 2013 to
2023, including highlights of key growth stimulators. It also benchmarks the
industry against key global markets and provides detailed understanding of
emerging opportunities in specific areas.
Key
Features and Benefits
-
The report provides detailed analysis of the market for armored and counter IED
vehicles during 2013-2023, including the factors that influence why countries
are investing or cutting defense expenditure. It provides detailed expectations
of growth rates and projected total expenditure.
-
General Dynamics, Nexter, Denel Land Systems, Oshkosh Defense, Rheinmetall,
Thales, China North Industries Corporation (NORINCO), Uralvagonzavod,
Krauss-Maffei Wegmann, Iveco, Renault Truck Defense, Force Protection, Hyundai Rotem,
Navistar Defense, Otokar, Oto Melara, Panhard, BAE Hagglunds
-
An increase in coalition missions, such as international peacekeeping missions,
offshore operations, and disaster relief operations, have created a need for
interoperable weapon systems that adhere to the standards set by NATO and other
organizations. An increase in out-of-area operations has also created a need
for participating nations to acquire interoperability with key coalition
partners.
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Key
Market Issues
- With the war in Iraq coming to an end and the US
governments plans underway to withdraw its troops from Afghanistan as well, the
MRAP segment is set to witness a drastic slump in demand. The US DoD has
stopped further procurement of MRAPs and is planning to move 60% of these
vehicles into storage or prepositioned stocks, 30% to be fielded with the units
and the remaining 10% of the fleet for troop training.
- Advanced economies such as the US, the UK, France,
Germany, and Japan are following strict austerity measures in allocating
defense budgets. The US has already scheduled the decrease of the defense
budget by US$ XX billion over the next decade. These budget cuts warrant in
cancellation of various programs as well as pose challenge towards equipping
the army with modern warfare.
Key
Highlights
- Major armored vehicle markets such as North
America and Europe are increasingly adopting wheeled armored vehicles rather
than tracked vehicles. This has come as an effect of drastically reducing
possibilities of tank wars by these major countries in the foreseeable future.
The service life of tracked vehicles is up to 30,000 kilometers before it needs
a major overhaul where as the wheeled armored vehicles have service lives up to
one million kilometers.
- Large defense companies who are looking to gain
foothold in a specific segment at a foreign location are acquiring smaller
firms specializing in that segment and that already possess a considerable
market share. Furthermore, the immediate need to protect troops from asymmetric
threats in Afghanistan and Iraq has resulted in the production of niche
products in the vetronics and survivability sectors by small and medium
enterprises (SMEs).
