Market Overview:
The global 8x8 armored vehicle market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for 8x8 armored vehicles from defense and homeland security applications, and the growing commercial segment. The APC segment is expected to account for the largest share of the global 8x8 armored vehicle market in 2018, followed by IFV and LPV segments. The APC segment is projected to grow at a CAGR of 5.7% from 2018 to 2030, while the IFV segment is projected to grow at a CAGR of 5.4%. In terms of region, North America accounted for the largest share of the global 8x8 armored vehicle market in 2017, followed by Europe and Asia Pacific.
Product Definition:
8x8 armoured vehicles are military vehicles that have eight wheels and are capable of travelling on roads and off-road. They are used for a variety of purposes, including troop transport, artillery support, and reconnaissance.
Armored Personnel Carrier (APC):
The global armored personnel carrier (APC) market size was valued at USD 2.64 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing terrorist activities, civil disorder, and organized crime are expected to drive demand for these vehicles globally.
Infantry Fighting Vehicle (IFV):
Infantry fighting vehicle is a wheeled armored personnel carrier/vehicle that is designed to transport infantry from the point A to point B and fight off enemy threats along the way. It can be either used as an armed combat vehicle or a transport vehicle. The global market for IFV was estimated at USD 3,15 billion in 2016 and it is expected to grow at CAGR of XX% during the forecast period.
Application Insights:
The defense segment accounted for the largest share of over 60.0% in 2017 and is expected to witness significant growth over the forecast period. The growing need for protection against terrorist attacks, civil warring, and ethnic violence is anticipated to drive demand in this segment. 8X8 armored vehicles are widely used by armed forces around the world as they offer enhanced protection against ballistic missiles and other Improvised Explosive Devices (IEDs).
The commercial application segment was valued at USD 646 million in 2017 owing to rising demand from countries such as India, Thailand, Indonesia, Malaysia that are investing heavily in enhancing their military capabilities along with a rise in global terrorism concerns among consumers across different regions of the world. These vehicles can be modified as per customer requirements which includes add-on armor kits for additional troop safety or can be fitted with surveillance systems if required by some governments or police departments globally.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being the most powerful nation, has a strong defense force to protect its national security and interests from any external threats. As a result, it is expected to spend around USD X billion on military over the next decade as stated by SIPRI fact sheet 2018.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing geopolitical tensions between countries such as India and China, thus leading towards increased investments on modernization of armed forces with advanced equipment that provides protection against Improvised Explosive Devices (IEDs) along with other threats such as small arms fire and artillery shell splinters.
Growth Factors:
- Increasing demand for 8X8 armored vehicles from military and paramilitary forces across the globe due to its features such as high mobility, advanced armor protection, and firepower.
- Growing investments by governments in defense sector to modernize their armed forces with latest technologies and equipment including 8X8 armored vehicles.
- Proliferation of regional conflicts and terrorism threats worldwide are fueling the demand for 8X8 armored vehicles as they offer better protection against improvised explosive devices (IEDs) and ballistic threats.
- increasing use of 8X8 armored vehicles by law enforcement agencies for counter-terrorism operations, riot control, etc., is also contributing to the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
8X8 Armored Vehicle Market Research Report
By Type
Armored Personnel Carrier (APC), Infantry Fighting Vehicle (IFV), Light Protected Vehicle (LPV), Main Battle Tank (MBT), Others
By Application
Defense, Homeland Security, Commercial
By Companies
BAE Systems, General Dynamics, Iveco(CNH Industrial N.V.), Krauss-Maffei Wegmann GmbH & Co. KG(KMW + Nexter Defense Systems N.V.), Lockheed Martin Corporation, Oshkosh Defense, Rheinmetall AG, Stat, Inc., AM General(The Renco Group), Patria,plc, INKAS Armored Vehicle Manufacturing, Horstman Defence Systems Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global 8X8 Armored Vehicle Market Report Segments:
The global 8X8 Armored Vehicle market is segmented on the basis of:
Types
Armored Personnel Carrier (APC), Infantry Fighting Vehicle (IFV), Light Protected Vehicle (LPV), Main Battle Tank (MBT), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Homeland Security, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BAE Systems
- General Dynamics
- Iveco(CNH Industrial N.V.)
- Krauss-Maffei Wegmann GmbH & Co. KG(KMW + Nexter Defense Systems N.V.)
- Lockheed Martin Corporation
- Oshkosh Defense
- Rheinmetall AG
- Stat, Inc.
- AM General(The Renco Group)
- Patria,plc
- INKAS Armored Vehicle Manufacturing
- Horstman Defence Systems Limited
Highlights of The 8X8 Armored Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Armored Personnel Carrier (APC)
- Infantry Fighting Vehicle (IFV)
- Light Protected Vehicle (LPV)
- Main Battle Tank (MBT)
- Others
- By Application:
- Defense
- Homeland Security
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 8X8 Armored Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
8X8 Armored Vehicle is a type of armored vehicle that is designed to protect personnel and equipment from small arms fire and shell fragments.
Some of the major players in the 8x8 armored vehicle market are BAE Systems, General Dynamics, Iveco(CNH Industrial N.V.), Krauss-Maffei Wegmann GmbH & Co. KG(KMW + Nexter Defense Systems N.V.), Lockheed Martin Corporation, Oshkosh Defense, Rheinmetall AG, Stat, Inc., AM General(The Renco Group), Patria,plc, INKAS Armored Vehicle Manufacturing, Horstman Defence Systems Limited.
The 8x8 armored vehicle market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 8X8 Armored Vehicle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 8X8 Armored Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 8X8 Armored Vehicle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 8X8 Armored Vehicle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 8X8 Armored Vehicle Market Size & Forecast, 2020-2028
4.5.1 8X8 Armored Vehicle Market Size and Y-o-Y Growth
4.5.2 8X8 Armored Vehicle Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Armored Personnel Carrier (APC)
5.2.2 Infantry Fighting Vehicle (IFV)
5.2.3 Light Protected Vehicle (LPV)
5.2.4 Main Battle Tank (MBT)
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Defense
6.2.2 Homeland Security
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 8X8 Armored Vehicle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 8X8 Armored Vehicle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Armored Personnel Carrier (APC)
9.6.2 Infantry Fighting Vehicle (IFV)
9.6.3 Light Protected Vehicle (LPV)
9.6.4 Main Battle Tank (MBT)
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Defense
9.10.2 Homeland Security
9.10.3 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Armored Personnel Carrier (APC)
10.6.2 Infantry Fighting Vehicle (IFV)
10.6.3 Light Protected Vehicle (LPV)
10.6.4 Main Battle Tank (MBT)
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Defense
10.10.2 Homeland Security
10.10.3 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Armored Personnel Carrier (APC)
11.6.2 Infantry Fighting Vehicle (IFV)
11.6.3 Light Protected Vehicle (LPV)
11.6.4 Main Battle Tank (MBT)
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Defense
11.10.2 Homeland Security
11.10.3 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Armored Personnel Carrier (APC)
12.6.2 Infantry Fighting Vehicle (IFV)
12.6.3 Light Protected Vehicle (LPV)
12.6.4 Main Battle Tank (MBT)
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Defense
12.10.2 Homeland Security
12.10.3 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Armored Personnel Carrier (APC)
13.6.2 Infantry Fighting Vehicle (IFV)
13.6.3 Light Protected Vehicle (LPV)
13.6.4 Main Battle Tank (MBT)
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Defense
13.10.2 Homeland Security
13.10.3 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 8X8 Armored Vehicle Market: Competitive Dashboard
14.2 Global 8X8 Armored Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE Systems
14.3.2 General Dynamics
14.3.3 Iveco(CNH Industrial N.V.)
14.3.4 Krauss-Maffei Wegmann GmbH & Co. KG(KMW + Nexter Defense Systems N.V.)
14.3.5 Lockheed Martin Corporation
14.3.6 Oshkosh Defense
14.3.7 Rheinmetall AG
14.3.8 Stat, Inc.
14.3.9 AM General(The Renco Group)
14.3.10 Patria,plc
14.3.11 INKAS Armored Vehicle Manufacturing
14.3.12 Horstman Defence Systems Limited
