Armored Vehicles Upgrade and Retrofit Market Research Report - Global Forecast till 2025

Global Armored Vehicles Upgrade and Retrofit Market Research Report: 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) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2025

ID: MRFR/A&D/0769-CR | October 2019 | Region: Global | 146 pages

Market Scenario


Armored vehicles are used for transporting military personnel and cargo and operates in active combat. These include land combat and transportation vehicles used by military land forces for operations. Armored vehicles provide significant strength to a country’s army and are used in large numbers by military forces around the world.


Moreover, the demand for armored vehicles has been increasing from the last few years due to increasing terrorist attacks and cross border disputes. There has been a significant rise in terrorism and terrorism-related fatalities over the past decade. According to the 2017 Global Terrorism Index (GTI) report, from 2006 to 2016, deaths from terrorism increased by 67%. Furthermore, since 2002, eight of the nine regions in the world experienced an increase in terrorism, and over the past 15 years, South Asia experienced the most terrorist activity.


Therefore, major initiatives are being undertaken by various countries to upgrade their existing fleet of military armored vehicles, which is expected to drive the growth of the market. The majority of the military forces in the West (including the US, which has a large fleet of military armored vehicles) have ongoing or planned military modernization programs to equip troops with the latest capabilities.


Furthermore, there is a 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 Size, Weight, and Power (SWaP) reduction in military vehicles and systems are given high priority and have further driven the demand for vehicle upgrades.


Likewise, 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 US 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.


The Armored Vehicles Upgrade and Retrofit Market is estimated to register a CAGR more than 3.6% during the period of 2019–2025.


Segmentation of the Global Armored Vehicles Upgrade and Retrofit Market  Armored Vehicles Upgrade and Retrofit Market


The armored vehicles upgrade and retrofit market is segmented on vehicle type, design, and region. Based on vehicle type, the market has been segmented into main battle tank, light protected vehicles, amphibious armored vehicles, mine-resistant ambush-protected, infantry fighting vehicles, armored personnel carriers, and others. The armored personnel carriers segment is expected to witness the highest CAGR during the forecast period. The increasing demand for armored personnel for the VIPs is driving the growth of this segment.


Based on design, the market has been segmented into wheeled armored vehicles and tracked armored vehicles. The tracked armored vehicles segment accounted for the largest market share in 2018. This is due to a large number of upgrades in battle tanks by the military forces of various countries. The wheeled armored vehicles segment is expected to exhibit the highest CAGR during the forecast period.


Based on the region, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latine America. The market in North America is expected to be the largest market in the review period with a large base of armored military vehicles. The recent withdrawal of military troops from conflict regions, such as Afghanistan and Iran and the US military budget cut (since 2011), has significantly affected military spending. Despite these challenges, the rise of ISIS and the active involvement of the US troops in many other parts of the world will pressurize the US in maintaining its strength and spending on military troops, along with encouraging it to continue modernizing its military systems, including military armored vehicles.


Asia-Pacific is expected to be the fastest-growing market. This is due to the high investments by the emerging countries in Asia-Pacific such as China, India, South Korea, 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 in 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.


Key Players


The key players in the Global Armored Vehicles Upgrade and Retrofit Market are BAE Systems (UK), Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Rheinmetall AG (Germany), Thales Group (France), AM General LLC (US), MKU Limited (India), Navistar Inc. (US), Nexter Group (France), and Oshkosh Defense (US).


Research Methodology


The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.



  • Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.



  • Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments



  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region



  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis



  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook



  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions



  • Regional attractiveness and related growth opportunities


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:



  • Company Profiles


In-depth profiling of additional market players (3 to 4 companies)



  • Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)


Intended Audience



  • Distributor & supplier companies

  • End users

  • Consultants and investment bankers

  • Government as well as independent regulatory authorities



Frequently Asked Questions (FAQ) :


The Global Armored Vehicles Upgrade and Retrofit Market can expect to attain a CAGR of more than 3.6% between 2019 and 2025.

The demand for armored vehicles has been rising across countries owing to the surge in terrorist attacks as well as cross border disputes. There has been a dramatic surge in terrorism and various terrorism-related fatalities in the past decade, leading to higher need for armored vehicles for better border security.

The tracked armored vehicles segment accounted for the largest market share in 2018. This is due to a large number of upgrades in battle tanks by the military forces of various countries. The wheeled armored vehicles segment is expected to exhibit the highest CAGR during the forecast period.

Factors that have helped North America land the top spot in the global market include the rise of ISIS combined with the increasing involvement of the US troops in various parts of the world forcing the US to maintain its strength and spend considerably on military troops.

APAC can proceed at the fastest rate in the following years.

The key vehicle types discussed in the report are main battle tank, light protected vehicles, amphibious armored vehicles, mine-resistant ambush-protected, infantry fighting vehicles, armored personnel carriers, and more.

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TABLE OF CONTENT

1.1. Market Attractiveness Analysis

1.1.1. Global Armored Vehicles Upgrade and Retrofit Market, by Vehicle Type

1.1.2. Global Armored Vehicles Upgrade and Retrofit Market, by Design

1.1.3. Global Armored Vehicles Upgrade and Retrofit Market, by Region

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

5.1. Introduction

5.2. Drivers

5.2.1. Growing Demand for “Low-Cost Per Mile” Military Vehicles

5.2.2. Increased SWaP Reduction in Military Vehicles

5.2.3. Drivers Impact Analysis

5.3. Restraints

5.4. Opportunities

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Intensity of Rivalry

6.2.5. Bargaining Power of Suppliers

7.1. Introduction

7.2. Main Battle Tank

7.2.1. Market Estimates & Forecast, 2018–2025

7.2.2. Market Estimates & Forecast, by Region, 2018–2025

7.3. Light Protected Vehicles

7.3.1. Market Estimates & Forecast, 2018–2025

7.3.2. Market Estimates & Forecast, by Region, 2018–2025

7.4. Amphibious Armored Vehicles

7.4.1. Market Estimates & Forecast, 2018–2025

7.4.2. Market Estimates & Forecast, by Region, 2018–2025

7.5. Mine-Resistant Ambush Protected

7.5.1. Market Estimates & Forecast, 2018–2025

7.5.2. Market Estimates & Forecast, by Region, 2018–2025

7.6. Infantry Fighting Vehicles

7.6.1. Market Estimates & Forecast, 2018–2025

7.6.2. Market Estimates & Forecast, by Region, 2018–2025

7.7. Armored Personnel Carriers

7.7.1. Market Estimates & Forecast, 2018–2025

7.7.2. Market Estimates & Forecast, by Region, 2018–2025

7.8. Others

7.8.1. Market Estimates & Forecast, 2018–2025

7.8.2. Market Estimates & Forecast, by Region, 2018–2025

8.1. Introduction

8.2. Wheeled Armored Vehicles

8.2.1. Market Estimates & Forecast, 2018–2025

8.2.2. Market Estimates & Forecast, by Region, 2018–2025

8.3. Tracked Armored Vehicles

8.3.1. Market Estimates & Forecast, 2018–2025

8.3.2. Market Estimates & Forecast, by Region, 2018–2025

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast, by Country, 2018–2025

9.2.2. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.2.3. Market Estimates & Forecast, by Design, 2018–2025

9.2.4. US

9.2.4.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.2.4.2. Market Estimates & Forecast, by Design, 2018–2025

9.2.5. Canada

9.2.5.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.2.5.2. Market Estimates & Forecast, by Design, 2018–2025

9.3. Europe

9.3.1. Market Estimates & Forecast, by Country, 2018–2025

9.3.2. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.3.3. Market Estimates & Forecast, by Design, 2018–2025

9.3.4. UK

9.3.4.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.3.4.2. Market Estimates & Forecast, by Design, 2018–2025

9.3.5. Germany

9.3.5.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.3.5.2. Market Estimates & Forecast, by Design, 2018–2025

9.3.6. France

9.3.6.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.3.6.2. Market Estimates & Forecast, by Design, 2018–2025

9.3.7. Italy

9.3.7.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.3.7.2. Market Estimates & Forecast, by Design, 2018–2025

9.3.8. Rest of Europe

9.3.8.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.3.8.2. Market Estimates & Forecast, by Design, 2018–2025

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast, by Country, 2018–2025

9.4.2. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.4.3. Market Estimates & Forecast, by Design, 2018–2025

9.4.4. China

9.4.4.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.4.4.2. Market Estimates & Forecast, by Design, 2018–2025

9.4.5. Japan

9.4.5.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.4.5.2. Market Estimates & Forecast, by Design, 2018–2025

9.4.6. India

9.4.6.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.4.6.2. Market Estimates & Forecast, by Design, 2018–2025

9.4.7. Australia

9.4.7.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.4.7.2. Market Estimates & Forecast, by Design, 2018–2025

9.4.8. Rest of Asia-Pacific

9.4.8.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.4.8.2. Market Estimates & Forecast, by Design, 2018–2025

9.5. Middle East & Africa

9.5.1. Market Estimates & Forecast, by Country, 2018–2025

9.5.2. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.5.3. Market Estimates & Forecast, by Design, 2018–2025

9.5.4. Saudi Arabia

9.5.4.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.5.4.2. Market Estimates & Forecast, by Design, 2018–2025

9.5.5. UAE

9.5.5.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.5.5.2. Market Estimates & Forecast, by Design, 2018–2025

9.5.6. Rest of Middle East & Africa

9.5.6.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.5.6.2. Market Estimates & Forecast, by Design, 2018–2025

9.6. Latin America

9.6.1. Market Estimates & Forecast, by Country, 2018–2025

9.6.2. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.6.3. Market Estimates & Forecast, by Design, 2018–2025

9.6.4. Brazil

9.6.4.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.6.4.2. Market Estimates & Forecast, by Design, 2018–2025

9.6.5. Rest of Latin America

9.6.5.1. Market Estimates & Forecast, by Vehicle Type, 2018–2025

9.6.5.2. Market Estimates & Forecast, by Design, 2018–2025

10.1. Competitive Overview

10.2. Competitor Dashboard

10.3. Major Growth Strategy in the Global Armored Vehicles Upgrade and Retrofit Market

10.4. Competitive Benchmarking

10.5. Market Share Analysis

10.6. Leading Player in terms of Number of Developments in Global Armored Vehicles Upgrade and Retrofit Market

10.7. Key Developments & Growth Strategies

10.7.1. New Product Launch/Service Deployment

10.7.2. Merger & Acquisition

10.7.3. Joint Ventures

11.1. Key Market Players

11.1.1. BAE Systems

11.1.1.1. Company Overview

11.1.1.2. Product Offering

11.1.1.3. Financial Overview

11.1.1.4. Key Developments

11.1.1.5. SWOT Analysis

11.1.1.6. Strategy

11.1.2. Elbit Systems Ltd

11.1.2.1. Company Overview

11.1.2.2. Product Offering

11.1.2.3. Financial Overview

11.1.2.4. Key Developments

11.1.2.5. SWOT Analysis

11.1.2.6. Strategy

11.1.3. General Dynamics Corporation

11.1.3.1. Company Overview

11.1.3.2. Product Offering

11.1.3.3. Financial Overview

11.1.3.4. Key Developments

11.1.3.5. SWOT Analysis

11.1.3.6. Strategy

11.1.4. Rheinmetall AG

11.1.4.1. Company Overview

11.1.4.2. Product Offering

11.1.4.3. Financial Overview

11.1.4.4. Key Developments

11.1.4.5. SWOT Analysis

11.1.4.6. Strategy

11.1.5. Thales Group

11.1.5.1. Company Overview

11.1.5.2. Product Offering

11.1.5.3. Financial Overview

11.1.5.4. Key Developments

11.1.5.5. SWOT Analysis

11.1.5.6. Strategy

11.1.6. AM General LLC

11.1.6.1. Company Overview

11.1.6.2. Product Offering

11.1.6.3. Financial Overview

11.1.6.4. Key Developments

11.1.6.5. SWOT Analysis

11.1.6.6. Strategy

11.1.7. MKU Limited

11.1.7.1. Company Overview

11.1.7.2. Product Offering

11.1.7.3. Financial Overview

11.1.7.4. Key Developments

11.1.7.5. SWOT Analysis

11.1.7.6. Strategy

11.1.8. Navistar Inc.

11.1.8.1. Company Overview

11.1.8.2. Product Offering

11.1.8.3. Financial Overview

11.1.8.4. Key Developments

11.1.8.5. SWOT Analysis

11.1.8.6. Strategy

11.1.9. Nexter Group

11.1.9.1. Company Overview

11.1.9.2. Product Offering

11.1.9.3. Financial Overview

11.1.9.4. Key Developments

11.1.9.5. SWOT Analysis

11.1.9.6. Strategy

11.1.10. Oshkosh Defense

11.1.10.1. Company Overview

11.1.10.2. Product Offering

11.1.10.3. Financial Overview

11.1.10.4. Key Developments

11.1.10.5. SWOT Analysis

11.1.10.6. Strategy

12.1. References

12.2. Related Reports

12.3. List of Abbreviation

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 MAJOR PATENTS GRANTED FOR ARMORED VEHICLES UPGRADE AND RETROFIT (15 MAY 2010–15 MAY 2019)

TABLE 3 VEHICLE TYPE: GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, 2018–2025 (USD MILLION)

TABLE 4 DESIGN: GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, 2018–2025 (USD MILLION)

TABLE 5 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY REGION, 2018–2025 (USD MILLION)

TABLE 6 NORTH AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY COUNTRY, 2018–2025 (USD MILLION)

TABLE 7 NORTH AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 8 NORTH AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 9 US: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 10 US: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 11 CANADA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 12 CANADA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 13 EUROPE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY COUNTRY, 2018–2025 (USD MILLION)

TABLE 14 EUROPE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 15 EUROPE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 16 UK: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 17 UK: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 18 GERMANY: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 19 GERMANY: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 20 FRANCE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 21 FRANCE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 22 ITALY: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 23 ITALY: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 24 REST OF EUROPE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 25 REST OF EUROPE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 26 ASIA-PACIFIC: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY COUNTRY, 2018–2025 (USD MILLION)

TABLE 27 ASIA-PACIFIC: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 28 ASIA-PACIFIC: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 29 CHINA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 30 CHINA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 31 INDIA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 32 INDIA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 33 JAPAN: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 34 JAPAN: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 35 AUSTRALIA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 36 AUSTRALIA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 37 REST OF ASIA-PACIFIC: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 38 REST OF ASIA-PACIFIC: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 39 MIDDLE EAST & AFRICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY COUNTRY, 2018–2025 (USD MILLION)

TABLE 40 MIDDLE EAST & AFRICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 41 MIDDLE EAST & AFRICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 42 SAUDI ARABIA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 43 SAUDI ARABIA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 44 UAE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 45 UAE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 46 REST OF THE MIDDLE EAST & AFRICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 47 REST OF THE MIDDLE EAST & AFRICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 48 LATIN AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY COUNTRY, 2018–2025 (USD MILLION)

TABLE 49 LATIN AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 50 LATIN AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 51 BRAZIL: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 52 BRAZIL: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 53 REST OF LATIN AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)

TABLE 54 REST OF LATIN AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET, BY DESIGN, 2018–2025 (USD MILLION)

TABLE 55 THE MOST ACTIVE PLAYERS IN THE GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET

TABLE 56 CONTRACTS AND AGREEMENTS

TABLE 57 MERGERS & ACQUISITIONS

TABLE 58 PRODUCT DEVELOPMENT

TABLE 59 EXPANSIONS AND INVESTMENTS

TABLE 60 JOINT VENTURES & PARTNERSHIPS

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET: MARKET ATTRACTIVENESS ANALYSIS

FIGURE 3 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET ANALYSIS, BY VEHICLE TYPE

FIGURE 4 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET ANALYSIS, BY COMPONENT

FIGURE 6 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET ANALYSIS, BY REGION

FIGURE 7 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET: MARKET STRUCTURE

FIGURE 8 KEY BUYING CRITERIA FOR ARMORED VEHICLES UPGRADE AND RETROFIT VEHICLE TYPES

FIGURE 9 RESEARCH PROCESS OF MRFR

FIGURE 10 NORTH AMERICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2018 VS 2025

FIGURE 11 EUROPE: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2018 VS 2025

FIGURE 12 ASIA-PACIFIC: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2018 VS 2025

FIGURE 13 MIDDLE EAST & AFRICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2018 VS 2025

FIGURE 14 LATIN AMERICA: MARKET SIZE & MARKET SHARE, BY REGION, 2018 VS 2025

FIGURE 15 MARKET DYNAMICS OVERVIEW

FIGURE 16 GROWTH IN INTERNATIONAL SEABORNE TRADE (1970–2017)

FIGURE 17 WORLD SEABORNE TRADE, BY REGION, 2017

FIGURE 18 DRIVERS IMPACT ANALYSIS: GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET

FIGURE 19 RESTRAINTS IMPACT ANALYSIS: GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET

FIGURE 20 GLOBAL OCEAN CRUISE PASSENGERS (IN MILLIONS) 2009–2018

FIGURE 21 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET

FIGURE 22 SUPPLY CHAIN: GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET

FIGURE 23 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET SHARE, BY VEHICLE TYPE, 2018 (% SHARE)

FIGURE 24 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET SHARE, BY COMPONENT, 2018 (% SHARE)

FIGURE 25 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET SHARE, BY APPLICATION, 2018 (% SHARE)

FIGURE 26 GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET SHARE, BY REGION, 2018 (% SHARE)

FIGURE 27 NORTH AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET SHARE, BY COUNTRY, 2018 (% SHARE)

FIGURE 28 EUROPE: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET SHARE, BY COUNTRY, 2018 (% SHARE)

FIGURE 29 ASIA-PACIFIC: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET SHARE, BY COUNTRY, 2018 (% SHARE)

FIGURE 30 MIDDLE EAST & AFRICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET SHARE, BY COUNTRY, 2018 (% SHARE)

FIGURE 31 LATIN AMERICA: ARMORED VEHICLES UPGRADE AND RETROFIT MARKET SHARE, BY COUNTRY, 2018 (% SHARE)

FIGURE 32 COMPETITOR DASHBOARD: GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET

FIGURE 33 CAPITAL MARKET RATIO AND FINANCIAL MATRIX

FIGURE 34 CONTRACTS & AGREEMENTS: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN THE GLOBAL ARMORED VEHICLES UPGRADE AND RETROFIT MARKET

FIGURE 35 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 36 MAJOR MANUFACTURERS MARKET SHARE ANALYSIS, 2018