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(USGovernment-News.Com, July 07, 2018 ) Armored vehicles are security vehicles used to transport under armed security or by replacing the standard windows with bulletproof glass motor vehicle with a high degree of security. Armored vehicles were solely owned and used by military, law enforcement, ministers and diplomates, but in the recent years, the vehicles are witnessing high demand from prominent corporate people, VIPs and celebrities. The ever-increasing security challenges are the main reasons for the various government bodies as well as civilians to adopt an armed vehicle. The armed vehicles used by civilians are either factory produced model car or retrofitted versions of series car.
The Global Armored Vehicle market report is a comprehensive overview of the market covering various aspects such as product definition, various parameter-based segmentation, distribution channels, supply chain analysis, and common vendor environments. Through proven research methods, we collect thorough information that identifies the source. Armored Vehicle Information about the market can be accessed in a logical format in a smart format. There are graphs and tables in place to help readers get a better view of the global Armored Vehicle market.
Companies Profiled in this report includes: The Raytheon Company, INKAS Armored Vehicle Manufacturing, Krauss-Maffei Wegmann GmbH & Co. KG, STREIT Group, Oshkosh Corporation, Elbit Systems Ltd., BAE Systems plc, Lockheed Martin Corporation, Rheinmetall Defence, General Dynamics Corporation, International Armored Group
As per the findings of research, the defense sector emanated the largest demand for armored vehicles. The segment is expected to exhibit similar trends during the forecast period. Active mine system is the largest segment in armored vehicles market, by technology; while active protection system is expected to exhibit the fastest growth in the global armored vehicles market, by technology. Military emanates the maximum demand in the global defense armored vehicles market, by application; while government is expected to dominate the global commercial armored vehicles market, by application. Infantry fighting vehicles is expected to be the largest segment in the global defense armored vehicles market, by product; while SUV is most commonly-used armored vehicle in the commercial sector.
The global armored vehicles market is globally segmented into its application, product, type, technology and region. Based on the application, the market is segregated into defense and commercial sector. The defense sector is further sub-segmented into military and homeland security. The commercial sector is sub-segmented into government, banks, embassy, VIPs and others. Depending on the sectors, the product segment is classified into the main battle tank, amphibious armored vehicles, infantry fighting vehicles, light protected vehicles, mine-resistant ambush protected, armored personnel carriers and others in the defense segment.
Based on geographical areas, the world Armored Vehicle markets are broadly divided into Latin America, Europe, the Middle East and Africa and Asia Pacific. The world market is still in exploration in most areas, but it has the promising potential to grow steadily over the next few years. The major players investing in this market are in Canada, the United Kingdom, the United States, India, China and some Asia Pacific countries. As a result, Asia Pacific, North America and Western Europe are expected to account for more than half of the total market share over the next few years.
At the end of the report, a manufacturer is announced who is responsible for increasing sales in the Armored Vehicle market. These manufacturers have been analyzed in terms of manufacturing base, basic information and competitors. In addition, the technology and product types introduced by each manufacturer are also an important part of this section of the report.
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