Jun 7, 2018   SOURCE: BusinessWire

Global Military Vehicular Armor Market Analysis & Forecasts 2018-2028, With an Expected CAGR of 5.2% - ResearchAndMarkets.com

The "The Global Military Vehicular Armor Market 2018-2028" report has been added to ResearchAndMarkets.com's offering.

The global military vehicular armor market, valued at US$519 million in 2018, is projected to grow at a CAGR of 5.2% over the forecast period, to cross US$860 million by 2028 and be cumulatively valued at US$7.5 billion.

The global vehicular armor market is dominated by Asia Pacific with anticipated spend of US$2.4 billion on vehicular armor programs during the forecast period. Europe represents the second largest market with 30% share, and North America with a share of about 25%. The Middle Eastern market for vehicular armor is expected to account for around 6.4%, followed by the Latin American and the African markets with a collective share of 5.3%.

The market consists of six categories: MBT armor, IFV armor, APC armor, MRAP armor, LMV armor, and tactical truck armor. The market is expected to be dominated by LMV armor, which will account for over 27% of the overall revenue, followed by MBT armor and IFV armor with shares of around 26% and 11% respectively. APC armor, tactical truck armor and MRAP armor segments are projected to cumulatively account for share of around 33% during 2018-2028.

Vehicular armor manufacturers are working towards developing new technologies in an effort to enhance the efficiency and survivability of armored vehicles and soldiers. Previously, manufacturers used materials such as armor steels and titanium armor, among others.

Companies Mentioned

  • General Dynamics Ordnance & Tactical Systems
  • Nexter SA
  • Rheinmetall
  • DRDO
  • NII STALI
  • BAE Systems
  • TenCate Armor
  • Roketsan
  • IBD Deisenroth Engineering
  • AmSafe BridPort
  • Plasan
  • Fidelity Technologies

Key Topics Covered:

1. Executive Summary

2. Global Military Vehicular Armor Market - Overview

3. Market Dynamics

4. Global Military Vehicular Armor Market - Segment Analysis

5. Global Military Vehicular Armor Market - Regional Analysis

6. Global Military Vehicular Armor Market - Trend Analysis

7. Key Programs Analysis

8. Competitive Landscape Analysis

9. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/jl5vll/global_military?w=4