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(Transportation-News.com, October 07, 2017 ) An Armored Fighting Vehicle is a ground attack combat vehicle with strong armor and which can perform offensive and defensive activities as well as can be used for reconnaissance. Market for Armored Fighting vehicles is booming and is evident by the mega order placed by Great Britain for 589 Armored Fighting vehicles with General Dynamics in a deal worth 3.5 Billion Pounds. These Vehicles are small tanks which can adapt to an array of roles like reconnaissance, ambulance, command and control among various others.
Some of the commonly used Armored Fighting vehicles include Armored Cars, Tanks, Amphibious Vehicles, Air Defense Vehicles amongst others. Use of Armored Fighting vehicles exists not only within the Army but with Navy and Air Force.
The Armored Fighting vehicles Market is growing at a fast pace and is expected to reach $34.6 Billion in value by 2020.
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The U.S. is gradually pulling back from its long drawn out war in Afghanistan and has almost completely withdrawn from Iraq, hence the demand for new Armored Fighting vehicles in the United States , the biggest market for such vehicles is witnessing reduced expenditures. But United States has to replace the ageing Humvees which form the core of is infantry hence the United States recently awarded a $6.75 billion tender to Oshkosh to build 17000 light tactical vehicles which would replace the Humvee, this order is the most significant in armoured fighting vehicle market as the 2 military services have planned to induct as many as 55000 vehicles over a long period of time at a value of over $30 billion which will be truly massive for the Armored Fighting Vehicles Market. The Asia Pacific and Middle East regions will be the potential market of high growth going into the future. This trend is already showing with Saudi Arabia, China and others, which are spending on Armored Fighting Vehicles.
The major players in the market are looking towards expanding in the (region) owing to the favorable business opportunities and developing market, whereas the matured markets of (region) and (region) will continue to lead the Armored Fighting vehicles Market.
The global Armored Fighting vehicles Market report is developed with the customers in mind, and it is set to deliver key information which will be largely valuable to the esteemed customers of either commercial or academic interest.
Some key players in the global Armored Fighting vehicles Market include:
General Dynamics
Northrop Grumman
Raytheon
Oto Melara
Lockheed Martin
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What the report offers :
The study identifies the situation of Armored Fighting vehicles Market and predicts its growth. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Armored Fighting vehicles Market. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types of Armored Fighting vehicles and the Regions of the World.
The global Armored Fighting vehicles Market report is a gem in terms of the information on offer in the report which should be of great importance for the customers in the Armored Fighting vehicles Market across the globe. The well-compiled report enhances the customers’ abilities in making sound decisions for their growth in the global Armored Fighting vehicles Market.
The comprehensive report covers all bases of information in the Armored Fighting vehicles Market which includes multiple parameters such as market segmentation, major players, regions, drivers-challenges and trends, and SWOT analysis which is the core for any good report. The global Armored Fighting vehicles Market report is compiled by a team of top subject experts and research specialists who ensure the report for the global Armored Fighting vehicles Market is unique and accurate.
The global Armored Fighting vehicles Market report covers key information of value for the customers as follows:
Armored Fighting vehicles Market overview
Key players in Armored Fighting vehicles Market
Market competition by manufacturers
Statistics of production, revenue, and capacity, drilled down by the region
Statistics of consumption, exports, and imports, segmented by the region
Global Armored Fighting vehicles Market application analysis, cost analysis, and other important data.
The report covers detailed information of all key players including their company profile and latest developments in the market which will be beneficial for the customers to get the lay of the land. This will enable them in making efficient business solutions to ensure the best growth for their organization.
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The global Armored Fighting vehicles Market report ends with the customary SWOT analysis along with illustrations to ensure the customers are able to grasp the information in the crispest format as the massive overload of statistics can be quite overwhelming. We are confident that the customers will find the global Armored Fighting vehicles Market report the best boost for their businesses.
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