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The Global Military Armored Vehicles and MRO Market 2016-2026

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The global military armored vehicles and MRO market is expected to value US$22.5 billion in 2016, and will grow at a CAGR of 3.71%, to value US$32.4 billion by 2026. The market is split into six segments: MBTs, IFVs, APCs, MRAPs, LMVs, and tactical trucks. IFVs will lead the market, with a share of 32.2%, followed by the MBT segment, accounting for a share of 25.8%. APC is projected to be the third largest segment with a share of 17.4%, followed by LMVs with a share of 11.1%. Tactical trucks and MRAPs are projected to capture 8.3% and 5.2% of the global market during 2016-2026.

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The Global Military Armored Vehicles and MRO Market 2016-2026

  1. 1. The Global Military Armored Vehicles and MRO Market 2016-2026 Brought to you by:
  2. 2. ABSTRACT The global military armored vehicles and MRO market is expected to value US$22.5 billion in 2016, and will grow at a CAGR of 3.71%, to value US$32.4 billion by 2026. The market is split into six segments: MBTs, IFVs, APCs, MRAPs, LMVs, and tactical trucks. IFVs will lead the market, with a share of 32.2%, followed by the MBT segment, accounting for a share of 25.8%. APC is projected to be the third largest segment with a share of 17.4%, followed by LMVs with a share of 11.1%. Tactical trucks and MRAPs are projected to capture 8.3% and 5.2% of the global market during 2016-2026. The ability to offer ground forces increased capabilities pertaining to protection and munitions is expected to spur the need for armored vehicles over the forecast period. The threat from neighbouring nations and insurgency issues will also be a major factor expected to contribute to the increasing demand for armored vehicles. Furthermore, the large base of existing inventory as well as new procurements throughout the next decade will create the need for servicing and maintenance activities, which is expected to fuel the armored vehicles MRO market to a great extent.
  3. 3. ABSTRACT Drivers: • Growing civilian use for safety and protection • Rise in asymmetric warfare resulting into subsequent realignment of armored vehicles fleet Trends: • Shifting focus towards unmanned armored vehicles • See through technology to offer fighter pilots with increased capability and added strategic advantage • Ground X vehicle technology likely to augment survivability and mobility rate of the vehicles by means of detection avoidance, increased vehicle speed and reduced vehicle size and weight Challenges: • Increasing demand for refurbished vehicles posses a strong threat • Budget limitations to acts as a major hindrance
  4. 4. Length Publisher Published Date 170 Pages Strategic Defence Intelligence August 30, 2016 Table of Contents Analysis of Factors that trigger spending Key Challenges Market Segment Combat Armored Vehicles and MRO Transport Armored Vehicles and MRO Rotorcraft Engines Regional Analysis Major Programs for each country Market Size and CAGR growth analysis 2026 Competitive Analysis – 18 leading companies Learn more about this report
  5. 5. ABOUT THE PUBLISHER Strategic Defence Intelligence provides a stream of continuously updated customer and competitor intelligence, as well as detailed research reports providing an unrivalled source of global information on the latest developments in the defence industry. Strategic Defence Intelligence's unique monitoring platform tracks global defence activity for over 2,500 companies and 65 product categories in real time and in a highly structured manner, giving a comprehensive and easily- searchable picture of all defence industry activity. View more reports from this publisher Other Titles from this Publisher Airbus S.A.S.: Aerospace and Defense - Company Profile & SWOT Analysis Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2021 Hutchinson Aerospace & Industry, Inc.: Aerospace and Defense - Company Profile & SWOT Analysis
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