Military Vehicle & Aircraft Protection Systems Market Growth & Key Business Strategies by Leading Industry Players forecast to 2025
The global military vehicle & aircraft protection systems market is expected to grow to US$ 4,925.45 million by 2025 from US$ 3,857.0 million in 2017, growing at a CAGR of 3.2%.
The augmented demand for securing the country’s borders and international territories, combined with technologically enhanced systems and equipment, intensifies the demand for up gradation and retrofitting of armoured vehicles. The military spending in developed countries, as well as developing countries, are fluctuating in the current scenario, which has led to the procurement of newly developed vehicles to witness a slowdown. However, owing to the fact that, several countries worldwide are continuously witnessing cross-border tensions and enemy activities, which is pressurizing the defense forces of the respective countries as well as the foreign defense forces posted in these regions to upgrade their land vehicles as well as aircraft with technologically enhanced systems.
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The military vehicle & aircraft protection systems market is concentrated with large numbers of players across the globe. Some of the major players operating in the market are Amsafe Birdport, PLASAN, RUAG AG, General Dynamics Ordnance & Tactical Systems, Ensign- Bickford Aerospace & Defense Company, QinetiQ North America, Tencate Advanced Armor, MDT Armour, Rheinmetall AG, AMEFO
The global military vehicle & aircraft protection systems market has been segmented by vehicle armour type, aircraft type and aircraft armour type. The global Military vehicle & aircraft protection systems market has been segmented by vehicle armour type into RPG Nets, and reactive armour. On basis of aircraft type, the military vehicle & aircraft protection systems market is further segmented into transport aircraft, and helicopters. The protection systems for the aircrafts are also segmented for military vehicle & aircraft protection market. Companies operating in this field tend to offer different products for vehicles as well as aircrafts as both these carriers have varied requirements and specifications. As a result, the military vehicle & aircraft protection market has been sub-segmented further on the basis of aircraft armour type into pilot seat protection, cockpit protection, floor protection, and exterior protection.
It also provides the overview and forecast for the global military vehicle & aircraft protection systems market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Moreover, the defense forces in developing countries and third world countries procure less numbers of military vehicle and aircraft protection system, pertaining to the high cost of the systems and budget constraints in these defense forces. These factors enable good opportunities for the suppliers in the military vehicle & aircraft systems market.
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Table of Contents
- Key Takeaways
- Military Vehicle & Aircraft Protection Systems Market Landscape
- Market – Key Industry Dynamics
- Military Vehicle & Aircraft Protection Systems Market Analysis- Global Analysis
- Military Vehicle & Aircraft Protection Systems Market Revenue And Forecasts To 2025 – Vehicle Armour Type
- Market Revenue And Forecasts To 2025 – Aircraft Type
- Market Revenue And Forecasts To 2025 – Aircraft Armour Type
- Market Revenue And Forecasts To 2025 – Geographical Analysis
- Market Revenue And Forecasts To 2025 – Industry Landscape
- Competitive Landscape
- Military Vehicle & Aircraft Protection Systems Market, Key Company Profiles
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