Armored and Counter IED Vehicles Industry 2014-2024 Research Report
Fareeq Rahal
2014-05-13
Views 27
Global Armored and Counter IED Vehicles Market is set to see a growth of 3% during 2014-2024 and reach a value of US$26 billion. Read more at http://www.reportsnreports.com/reports/285695-global-armored-and-counter-ied-vehicles-market-2014-2024.html . This report is available starting May 14, 2014.
The report says the industry is expected to experience a CAGR growth of 3.33% during 2014-2024. Asia Pacific followed by North America are expected to be the largest armored and counter IED vehicle markets with cumulative market share of more than 55%. IFV segment expected to dominate the armored vehicles market with a share of 28.1`%. Peacekeeping missions, security threats and modernization initiatives expected to channel more funds towards the sector. The North American market, which was historically the stronghold of the global armored vehicles sector, has witnessed a significant decline over the last few years owing to the after effects of the global economic downturn. One of the main factors driving spending in Asia Pacific is the fact that the region is plagued with territorial disputes and insurgency attacks which are higher in comparison with other regions around the world. Increasing global troop sizes and conventional threats such as territorial disputes and hostile neighbors will result in the induction of new IFVs and MBTs along the border areas for several militaries around the world. This report is available starting May 14, 2014.
This report offers detailed analysis of the global armoured and counter IED vehicles market with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for armored and counter IED vehicles, key market trends and challenges faced by industry participants.
Companies mentioned in Global Armored And Counter IED Vehicles Market 2014-2024 research report include General Dynamics Land Systems Inc., Nexter SA, Denel Land Systems (DLD), Oshkosh Defense, RheinmetallLandsysteme GmbH, Thales, China North Industries Corporation (NORINCO), Uralvagonzavod, Krauss-MaffeiWegmann (KMW), IvecoSpA, Renault Truck Defense, Hyundai Rotem, Navistar Defense, Otokar, OtoMelara, Panhard, BAE Hagglunds.
The report says the industry is expected to experience a CAGR growth of 3.33% during 2014-2024. Asia Pacific followed by North America are expected to be the largest armored and counter IED vehicle markets with cumulative market share of more than 55%. IFV segment expected to dominate the armored vehicles market with a share of 28.1`%. Peacekeeping missions, security threats and modernization initiatives expected to channel more funds towards the sector. The North American market, which was historically the stronghold of the global armored vehicles sector, has witnessed a significant decline over the last few years owing to the after effects of the global economic downturn. One of the main factors driving spending in Asia Pacific is the fact that the region is plagued with territorial disputes and insurgency attacks which are higher in comparison with other regions around the world. Increasing global troop sizes and conventional threats such as territorial disputes and hostile neighbors will result in the induction of new IFVs and MBTs along the border areas for several militaries around the world. This report is available starting May 14, 2014.
This report offers detailed analysis of the global armoured and counter IED vehicles market with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for armored and counter IED vehicles, key market trends and challenges faced by industry participants.
Companies mentioned in Global Armored And Counter IED Vehicles Market 2014-2024 research report include General Dynamics Land Systems Inc., Nexter SA, Denel Land Systems (DLD), Oshkosh Defense, RheinmetallLandsysteme GmbH, Thales, China North Industries Corporation (NORINCO), Uralvagonzavod, Krauss-MaffeiWegmann (KMW), IvecoSpA, Renault Truck Defense, Hyundai Rotem, Navistar Defense, Otokar, OtoMelara, Panhard, BAE Hagglunds.
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