Global 8X8 Armoured Vehicle Market By Product (Armoured Personnel Carrier, Infantry Fighting Vehicle, Light Protected Vehicle, Main Battle Tank, Mine-Resistant Ambush Protected (MRAP) Vehicle, Tactical Vehicle and Others), Application (Defense, Homeland Security and Security), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the 8X8 armoured vehicle market would exhibit a CAGR of 5.20% for the forecast period. Rising demand for armoured vehicles owing to rising instances of cross-border conflicts and rising cases of asymmetric warfare globally are the two major factors attributable to the growth of 8X8 armoured vehicle market. In terms of 8X8 armoured vehicle market value, it will stand tall by USD 16847.99 million by the year 2028 rising from 11231.10 million in the year 2020.
8X8 armoured vehicles are those armoured vehicles that are equipped with enhanced offensive and defensive capabilities. The 8X8 armoured vehicles are equipped with protective armours, missiles, bullets, shrapnel, IED weapons and other projectiles. 8X8 armoured vehicles widely used for application such as defense, homeland security and others. The most common examples of armoured vehicles are infantry fighting vehicle, light protected vehicle, armoured personnel carrier and others. 8X8 armoured vehicles are a balance of heavy firepower, strong armour, and good battlefield mobility
Rising incorporation of advanced technologies by the major manufacturers has resulted in growth in the demand for 8X8 armoured vehicles globally. Rising militarization of law enforcement agencies coupled with increased focus of the government to make expenditure on strengthening the defence sector will also create lucrative growth opportunities for the 8X8 armoured vehicle market. Rising criminal activities, riots and terror activities in the world is also fostering the 8X8 armoured vehicles market growth. Growing demand for advanced security and safety systems by the civilians will further induce growth in the demand for 8X8 armoured vehicles. Experience from the past incidences coupled with increasing political tension, terrorism, and hostile activities will further propel growth in the 8X8 armoured vehicle market value. Rising concerns regarding national and global security is another 8X8 armoured vehicle market growth driving agent.
However, high costs or huge expenditure associated with the 8X8 armoured vehicle will pose a major challenge to the market growth. Also, absence of major OEMs of armoured vehicles will act as market restraint for this market.
This global 8X8 armoured vehicle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on 8X8 armoured vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global 8X8 Armoured Vehicle Market Scope and Market Size
The global 8X8 armoured vehicle market is segmented on the basis of product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, 8x8 armored vehicle market has been segmented into armored personnel carrier, infantry fighting vehicle, light protected vehicle, main battle tank, mine-resistant ambush protected (MRAP) vehicle, tactical vehicle and others.
- Based on application, the 8x8 armored vehicle market has been segmented into defense, homeland security and security.
Global 8X8 Armoured Vehicle Market Country Level Analysis
The global 8X8 armoured vehicle market is analysed and market size insights and trends are provided by country, product and application as referenced above.
The countries covered in the 8X8 armoured vehicle market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is undergoing substantial gains in the 8x8 armored vehicle market. This means that the region is set to project the highest compound annual growth rate (CAGR) owing to the rising number of terrorist activities and increasingly stringent norms and regulations regarding public safety and security. China and India will emerge as the major contributors from this region owing to the increased spending and expenditure on defence equipment and technology.
The country section of the 8X8 armoured vehicle market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and 8X8 Armoured Vehicle Market Share Analysis
The 8X8 armoured vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 8X8 armoured vehicle market.
The major players covered in the 8X8 armoured vehicle market report are FNSS Defence Systems, EXCALIBUR ARMY spol. s r.o., Yugoimport SDPR J.P., Tata Motors., Streit Group, OCCAR-EA, MITSUBISHI HEAVY INDUSTRIES, LTD.,ÐÐ Specijalna vozila d.d., BAE Systems, General Dynamics European Land Systems, IVECO DEFENCE VEHICLES - A CNH INDUSTRIAL COMPANY, Lockheed Martin Corporation, Oshkosh Defense, LLC, Rheinmetall AG, Patria, TATRA TRUCKS A.S., INKAS Armored Vehicle Manufacturing, Navistar Defense, LLC. and Horstman Defence Systems Ltd among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.