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Armored Vehicles Upgrade And Retrofit Market Research Report-Forecast to 2023

Global Armored Vehicles Upgrade and Retrofit Market Information by Vehicle Type (Main Battle Tank, Light Protected Vehicles, Amphibious Armored Vehicles, Mine-Resistant Ambush Protected, Infantry Fighting Vehicles, Armored Personnel Carriers, and Others), Design (Wheeled Armored Vehicles and Tracked Armored Vehicles) - Forecast To 2023.<br><br>

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Armored Vehicles Upgrade And Retrofit Market Research Report-Forecast to 2023

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  1. Armored Vehicles Upgrade And Retrofit Market Research Report By Forecast To 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

  2. Armored Vehicles Upgrade And Retrofit Market Research Report - Forecast to 2023 Global Armored Vehicles Upgrade and Retrofit Market Information by Vehicle Type (Main Battle Tank, Light Protected Vehicles, Amphibious Armored Vehicles, Mine-Resistant Ambush Protected, Infantry Fighting Vehicles, Armored Personnel Carriers, and Others), Design (Wheeled Armored Vehicles and Tracked Armored Vehicles) - Forecast To 2023. Armored vehicles include land combat and transportation vehicles used by military land forces for operations, such as transporting cargo and military personnel and operating in active combat. These vehicles are protected by armored and in many cases armed with weapons. Armored vehicles provide significant strength to a country’s army and are used in large numbers by military forces around the world. Major initiatives undertaken by various countries to modernize their fleet of military armored vehicles has largely helped the market growth. The majority of the military forces in the West (including the U.S. which has an existing fleet of a large fleet of military armored vehicles) have ongoing or planned military modernization programs to equip troops with the latest capabilities. Furthermore, there is growing demand for "low-cost per mile" military vehicles, and the existing systems are upgraded to improve the functionality and capabilities of the vehicles. Also, militaries seek optimized vehicles that are capable of navigating various types of terrain and provide high mobility. Increased Swap reduction in military vehicles and systems is given high priority and has further driven the demand for vehicle upgrade. There are engineering challenges related to the design and deployment of Session Border Controller (SBC) for use in high- end military vehicles. SBC falls short in terms of being able to provide the required computing capability for data analysis and communication. There are also issues related to the cooling technologies currently used in these vehicles. As a result of the mechanical nature of the cooling systems (including fans), they are prone to failure, which leads to increased maintenance costs. Also, the military requires improved situational awareness to suit technologically advanced modern-day warfare. For this, many modern sensors and communication equipment are installed in vehicles and require a vast amount of data transmission and analysis. 2 www.marketresearchfuture.com

  3. Armored Vehicles Upgrade And Retrofit Market Research Report - Forecast to 2023 Military vehicles and equipment are expensive to acquire and operate. Along with defense budget cuts and financial strains, the cost pressures on military spending have increased. Therefore, cost-efficient operations of military systems have been given high priority. This has further driven the demand for military armored vehicles with upgraded systems and components. Many countries worldwide are modernizing their existing military land vehicles by upgrading systems and components, which adds capability and functionality to the existing platform. It maintains the functionality of systems and meets immediate defense needs. For example, the U.S. Army has upgrade programs to modernize Bradley Fighting Vehicles, convert M1A1 and M1A2 SEPV1 Abram tanks to the M1A2 SEP V2 configuration, and upgrade C4ISR equipment and systems on MRAP vehicles. Along with advances in modern warfare, technologies used in military vehicles have also evolved. The military requires armored vehicles that are highly capable, mobile, and functional, easily navigable in varying terrains, and cost-efficient. Military armored vehicles already have limited space and finite amount of energy to power a range of systems. There is a demand for smaller and lighter system components that enhance performance and reduce life-cycle costs. The armored vehicles upgrade and retrofit market is estimated to grow at a CAGR more than 4%, during the period of 2017- 2023. Intended Audience • Distributor & Supplier companies • End-Users • Consultants and Investment bankers • Government as well as Independent Regulatory Authorities Report Sample@ https://www.marketresearchfuture.com/sample_request/1277 3 www.marketresearchfuture.com

  4. Armored Vehicles Upgrade And Retrofit Market Research Report - Forecast to 2023 4 www.marketresearchfuture.com

  5. Armored Vehicles Upgrade And Retrofit Market Research Report - Forecast to 2023 Regional Analysis The market in the U.S. is the largest in the Americas, with a large base of armored military vehicles. The recent withdrawal of military troops from conflict regions, such as Afghanistan, and the U.S. military budget cut (since 2011) has significantly affected military spending. Despite these challenges, the rise of ISIS and the active involvement of the U.S. troops in many other parts of the world will pressurize the U.S. in maintaining its strength and spending on military troops, along with encouraging it to continue modernizing its military systems, including military armored vehicles. Africa is one of the small yet key emerging markets for military armored vehicles. Many African countries have undergone long civil wars and still have existing territorial tensions. Along with the economic growth in the region, military spending as a percentage of GDP has also grown in recent times. Algeria, Ethiopia, Libya, Morocco, Nigeria, and South Africa are few of the countries with a substantial fleet of military armored vehicles in Africa. Emerging countries in APAC are investing further in the modernization of military troop equipment, increased mobility, and protection of land troops. Military armored vehicles are not just considered a means to enhance military strength and capabilities, but also a way to energize the local industry and improve bilateral relations and partnerships. This has been holding true in the case of China and India. Both countries have been working to uplift their indigenous defense capabilities and spending on various military vehicles and equipment development programs. India's excessive push of the "Make in India" initiative (launched on September 2014) after the establishment of the new government is an example of this case. Both India and China are striving to improve their defense export capabilities, while also reducing their reliance on excessive military imports. Other countries such as Vietnam and Cambodia have almost doubled their military spending over the last decade. Other countries in the region, such as Japan, Malaysia, and the Philippines, are also following suit. Countries such as India, Pakistan, South Korea, and Thailand face threats from insurgent groups, which has further escalated the need for upgraded armored vehicles and other modern military systems. 5 www.marketresearchfuture.com

  6. Armored Vehicles Upgrade And Retrofit Market Research Report - Forecast to 2023 Key Players The key players of this market are AM General (U.S.), FNSS Savunma Sistemleri (UAE), MKU (INDIA), Oshkosh Defense (U.S.), Sabiex International (Belgium), BAE Systems (U.K), Diehl Defence (Germany), Elbit Systems (Israel), General Dynamics (U.S.), Palbam (Israel), Rheinmetall (Germany), and Thales Group (France). Browse Report @ https://www.marketresearchfuture.com/reports/armored-vehicles-upgrade-retrofit- market-1277 6 www.marketresearchfuture.com

  7. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clientsto see more, know more, and do more,which help to answer all their mostimportantquestions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visitsfor its research analyst members. For more informationkindly visitwww.marketresearchfuture.comor contactus at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated,copied, quoted, or otherwisereproduced withoutthe written approvalof Market Research Future. 7 www.marketresearchfuture.com

  8. THANK YOU THANK YOU MARKET RESEARCH FUTURE salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) 8 www.marketresearchfuture.com

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