Armored Vehicles Upgrade and Retrofit Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2021
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Armored Vehicles Upgrade and Retrofit Market 2018 Armored Vehicles Upgrade and Retrofit Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2021 Armoured 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 armour and in many cases armed with weapons. Armoured vehicles provide significant strength to a country’s army and are used in large numbers by military forces around the world. The withdrawal of military troops from conflict regions such as Afghanistan, and defense budget cuts have led to a slowdown in procurement of new military vehicles in major markets (e.g. US and European countries). Many countries in Europe are also forced to either delay the procurement of military vehicles or reduce the number of vehicles to be procured. However, the western countries already have a large fleet of military vehicles. Since it is economical to upgrade and retrofit a fleet of vehicle rather than to procure an entire new fleet, many of the countries are aggressively spending on modernization and upgradation of military armoured vehicle.
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Armored Vehicles Upgrade and Retrofit Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Armored Vehicles Upgrade and Retrofit Market Research Report - Global Forecast Countries are also focusing to maintain2021� an agile military forces that can be deployed readily as needed. The military modernization program has also led to a significant change in the armoured vehicles market and to the establishment of growing fleet of advanced vehicles that are suitable for modern-day warfare. The importance of "lowcost per mile" operations, modular vehicle design approach, and sophisticated vetronics has also increased. Furthermore, emerging countries in APAC and the Middle East have aggresively increased
their
defense
spending.
Increasing
demand
for
armoured
vehicle
modernization from such emerging countries will further contribute to the market growth during the forecast period. In addition, military armoured vehicle manufacturers and vetronics system integrators 3
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Armored Vehicles Upgrade and Retrofit Market 2018 Industry/ Innovation/ Related News: February, 2017:- General Dynamics Land Systems signed a contract worth USD 308 million with the Government of Canada, to upgrade their 141 Light Armored Vehicles. December, 2016 - Germany’s armed forces signed a contract worth over USD 160 million with Rheinmetall AG, for the upgrade of its Fuchs/Fox armoured transport vehicles.
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Armored Vehicles Upgrade and Retrofit Market 2018 Application & Major Players in this Research: Armored Vehicles Upgrade and Retrofit Market Prominent Players:
AM General, FNSS Savunma Sistemleri, MKU, Oshkosh Defense, Sabiex International, BAE Systems, Diehl Defence, Elbit Systems, General Dynamics, Palbam, Rheinmetall, and Thales Group Request a Sample Report https:// www.marketresearchfuture.com/sample_request/1277
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Armored Vehicles Upgrade and Retrofit Market 2018 Armored Vehicles Upgrade and Retrofit Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: End-users of military armoured vehicles are shifting their focus from quantity to quality. There is also an increased emphasis on costefficiency for the operation of these vehicles. Low-cost per mile has been a growing requirement for modern military armoured vehicles. Maintaining a balance between cost and quality while providing upgrade and retrofit solutions to meet modern military needs can be a significant challenge for vendors. Also, amid economic woes in Europe and defense budget cut in the US, companies are facing high levels of uncertainty in the market. However, there has been a growing interest from the emerging markets in APAC and the Middle East. Western military forces are mainly looking for high-end, modernized military armoured vehicles and large-scale modernization of the existing fleet of vehicles. Meanwhile, the emerging countries in APAC and Middle East are also strengthening their fleet of armoured vehicles with modern systems and capabilities. The existing major players in the market 6
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