-- As per the MRFR analysis, modernization of military armored vehicles and need for SWaP reductions are the key factor driving the market.
The vendors in the market focus on technological innovation in order to improve the size and weight of the vehicle thus controlling the overall ownership cost. Budget cuts and limited customer funding specially in Europe and North America has been the top most restraint of the market which would hamper the market growth in the forecast period.
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The global Armored Vehicles Upgrade and Retrofit Market is expected to grow at a CAGR of around 3% during 2016-2021
Regional Analysis:
Americas is the dominant player in the market with a market share of around 42% and is likely to lead both in terms of sales and CAGR in the forecast period.
APAC will grow significantly, followed by EMEA and Americas. Many countries in APAC are undergoing major military vehicles modernization programs. As a result, the military armoured vehicle upgrade and retrofit market is expected to witness a substantial growth during the forecast period.
Access the market data and information presented through over 50 tables and figures spread 80+ pages of the project report. Avail in-depth table of content (TOC) & market synopsis on “Global Vehicles Upgrade and Retrofit Market Information- Forecast from 2016 to 2021"
Key Players:
This report includes a study of strategies of major market players in the Global VEHICLES UPGRADE AND RETROFIT Market include AM General, FNSS Savunma Sistemleri, MKU, Oshkosh Defense, Sabiex International, BAE Systems, Diehl Defence, Elbit Systems, General Dynamics, Palbam, Rheinmetall, and Thales Group.
This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global VEHICLES UPGRADE AND RETROFIT Market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.
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