8X8 Armored Vehicle Market – Industry Trends and Forecast to 2026

8X8 Armored Vehicle Market By Product (Armored Personnel Carrier, Infantry Fighting Vehicle, Light Protected Vehicle, Main Battle Tank, Mine-Resistant Ambush Protected (MRAP) Vehicle, Tactical Vehicle, Others), Application (Defense, Homeland Security, Security), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Definition: 8X8 Armored Vehicle Market

Armoured fighting vehicle are those vehicles which are usually protected by armour and usually have defensive and offensive capabilities. Infantry fighting vehicle, light protected vehicle, armored personnel carrier and others are some of the common product of the armoured fighting vehicle. These vehicles usually consist of mounted machines guns and are widely used for application such as defense, homeland security and others. Increasing criminal and terrorism worldwide is the factor fuelling the growth of this market.

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8X8 Armored Vehicle Market Size, Status and Forecast 2026

• 8X8 Armored Vehicle Market Overview
• 8X8 Armored Vehicle Market Manufacturers Profiles
• 8X8 Armored Vehicle Market Sales, Revenue, Market Share and Competition by Manufacturer
• 8X8 Armored Vehicle Market Analysis by Regions
• 8X8 Armored Vehicle Market by Countries
• 8X8 Armored Vehicle Market Segment by Type
• 8X8 Armored Vehicle Market Segment by Application
• 8X8 Armored Vehicle MarketForecast
• Sales Channel, Distributors, Traders and Dealers
• Research Findings and Conclusion
• Appendixes

Market Analysis: 8X8 Armored Vehicle Market

8X8 armored vehicle market is set to witness a steady CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing terrorist activities and rising focus in homeland security department are the factor for the growth of this market.

Market Drivers:

• Rising insurgencies is the factor driving market
• Technological advancement and development in armored vehicle will also propel market
• Increasing militarization of law enforcement agencies is driving market
• Growing awareness associated with the safety and security among population will also drive market

Market Restraints:

• High investment cost will also restrain market
• Rising usage of unmanned vehicles will also hamper market
• Decrease in the national defense budget will also restrict the growth

8X8 Armored Market Segmentation:

By Product

• Armored Personnel Carrier
• Infantry Fighting Vehicle
• Light Protected Vehicle
• Main Battle Tank
• Mine-Resistant Ambush Protected (MRAP) Vehicle
• Tactical Vehicle
• Others

By Application

• Defense
• Homeland Security
• Security

By Geography

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• Italy
• U.K.
• France
• Spain
• Netherlands
• Belgium
• Switzerland
• Turkey
• Russia
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• South Korea
• Australia
• Singapore
• Malaysia
• Thailand
• Indonesia
• Philippines
• Rest of Asia-Pacific
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East and Africa
• Saudi Arabia
• UAE
• South Africa
• Egypt
• Israel
• Rest of Middle East and Africa

Key Developments in the Market:

• In February 2019, Paramount Group announced the launch of their armoured personnel carrier Mbombe 4 which is specially designed for the local manufacturing within countries. This new Mbombe 4 is available in 4 X4, 6X 6 and 8 X8 IFVs. This new launch will increase the defence capabilities of the country. It also provides excellent mobility, stability and reliability.
• In February 2019, Calidus announced the launch of their new Wahash 8×8 armoured vehicle which is specially designed for high agility and mobility. It is very suitable for surveillance and other security purposes. It has the ability to work in temperature rom -30- 55 degree celsus. It is specially designed to provide excellent security so that they can meet th need and requirement of the people.

Competitive Analysis:

8X8 armored vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of 8X8 armored vehicle market for, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the 8X8 armored vehicle market are 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, FNSS Defence Systems, EXCALIBUR ARMY spol. s r.o., Yugoimport SDPR J.P., Tata Motors., Streit Group, OCCAR-EA, MITSUBISHI HEAVY INDUSTRIES, LTD.,?? Specijalna vozila d.d., Navistar Defense, LLC., Horstman Defence Systems Ltd and others.

Research Methodology: 8X8 Armored Vehicle Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please or can drop down your enquiry.

The key research methodology used by team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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