The Armored Vehicle Market size is expected to reach USD 32.8 Bn by 2030, the market was valued at USD 18.2 Bn in 2022 and will grow at a CAGR of 6.2% over the forecast period of 2023-2030.
Steel or composite Platforms are used as armor in armored vehicles to protect against bullets and shrapnel. They have varying degrees of ballistic protection, with greater degrees being able to withstand more potent weapons. Many armored vehicles have blast and explosive hazard protection features for the occupants. This involves defense against landmines and improvised explosive devices (IEDs). Explosion impacts are lessened by blast-resistant floors, strengthened structural elements, and specially made seats. To combat threats from within the vehicle, some armored vehicles are fitted with armaments like machine guns or small-caliber cannons. These cars are frequently employed for military purposes.
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Armoured vehicles may be necessary for private citizens, commercial enterprises, and governmental organizations to secure their assets in areas or nations with high rates of crime, violence, or civil upheaval. These automobiles offer safety and comfort of mind. Armoured vehicles are crucial for the safety of military personnel, aid workers, journalists, and diplomats in regions impacted by armed conflict or insurgency. The risks involved with operating in dangerous situations are reduced to some extent by armored vehicles. Important documents, cash, jewels, and precious metals are all frequently transported in armored vehicles together with other valuable cargo. For instance, cash-in-transit vehicles guard against theft and robbery while moving.
Driver
The rising demand for security element for transportation of important cargos.
Drivers oversee the security of any important goods that the armored truck is transporting. They can supervise the loading and unloading of the cargo and guarantee its security while traveling. It's possible that drivers will need to keep thorough documents about the cargo they are moving, such as invoices, manifests, and delivery confirmations.
Restrain
The safety issues and the trust factor among the citizens.
Opportunity
The rising investments by the military of respective nations for armored vehicles.
Military forces have prioritized armored vehicles as a means of protecting personnel and equipment from various threats, such as improvised explosive devices (IEDs) and small arms fire, as a result of changing threat environments, including the proliferation of advanced weapons, insurgency, and asymmetrical warfare. Armored vehicles are made to give military personnel in the field a higher level of protection. Both conventional warfare situations and counterinsurgency operations, where troop safety is of the utmost importance, are covered by this protection.
Challenge
The high maintenance cost.
Manufacturers of armored vehicles frequently rely on foreign sales to maintain their operations. Economic downturns can have an impact on foreign governments' purchasing power and may lower the market's demand for new armored vehicles. Despite financial restrictions, armored vehicles nevertheless need to be technologically upgraded. Defense contractors and governments may be compelled by economic downturns to concentrate on more creative and cost-effective solutions, which could result in the creation of more sophisticated and effective armored vehicles. During a recession, governments may reevaluate their defense priorities and direct resources to those they believe to be more vital to maintaining national security. This may prompt modifications to procurement strategies that concentrate on armored vehicle or capability kinds.
Impact of Russia Ukraine War:
Since the crisis started in 2014, Ukraine has dramatically intensified its military procurement efforts. To strengthen its armed forces, this involves acquiring armored vehicles developed both domestically and abroad. The fighting has brought attention to how crucial advanced armored vehicles are in today's military. As part of their military plans, both Russia and Ukraine have made investments in modernizing their armored forces. As a result, modern armored vehicles with enhanced defense, mobility, and firepower have been upgraded and purchased. Modern communication and monitoring systems, active protection systems, and better armor Platforms have all been adopted more quickly as a result of the battle. Due to this, advancements have been made to increase the efficacy and survivability of vehicles in combat. To stop the conflict from getting worse, some nations have put limitations on the sale of military hardware, particularly armored vehicles. This has affected both the availability of specific technologies and the global trade in weapons.
By Platform
Combat Vehicles
Combat Support Vehicles
Unmanned Armored Ground Vehicles
By Propulsion Type
Conventional
Electric
By Mobility Type
Wheeled
Tracked
By Solution
Line Fit
Retrofit
By System
Drive Systems
Structures & Mechanisms
Navigation
Others
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North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Regional Analysis
North America will be the region with the highest share because, the U.S. is a significant producer and consumer of armored vehicles. Tanks, infantry combat vehicles, and armored personnel carriers are just a few of the many armored vehicles that the U.S. military keeps on the road. Additionally, the nation is home to a few defense companies with a focus on the creation of armored vehicles. The country's armored vehicle projects are largely intended to serve the requirements of its military services. In the international market for armored vehicles, Canadian businesses also compete.
APAC will be the region with highest CAGR growth rate because China's armored vehicle industry is strong and produces a variety of vehicles for both domestic and international markets. Chinese armored vehicles are well-known for being inexpensive and are becoming more well-liked worldwide. The country both develops its own armored vehicle programs and imports armored vehicles from other nations. Armoured vehicles are used by the Indian military for a variety of purposes, including transport, combat, and reconnaissance. With a concentration on cutting-edge technology, South Korea is a notable producer of armored vehicles. Companies from South Korea compete internationally and export armored vehicles to numerous nations.
The major key players are BAE Systems, General Dynamcis Corporation, Rheinmetall AG, Denel SOC ltd, IVECO Defence Vehicles, Otokar, Textron Systems, NORINCOGROUP and others.
| Report Attributes | Details |
| Market Size in 2022 | US$ 18.2 Bn |
| Market Size by 2030 | US$ 32.8 Bn |
| CAGR | CAGR of 6.2 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles) • By Propulsion Type (Conventional, Electric) • By Mobility Type (Wheeled, Tracked), • By Solution,( Line Fit, Retrofit) • By System, (Drive Systems, Structures & Mechanisms, Navigation, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | BAE Systems, General Dynamcis Corporation, Rheinmetall AG, Denel SOC ltd, IVECO Defence Vehicles, Otokar, Textron Systems, NORINCOGROUP |
| Key Drivers | • The rising demand for security element for transportation of important cargos. |
| Market Restraints | • The high maintenance cost. |
Ans: The Armored Vehicle Market is expected to grow at a CAGR of 6.2%.
The Armored Vehicle Market size is expected to reach USD 32.8 Bn by 2030, the market was valued at USD 18.2 Bn in 2022 and will grow at a CAGR of 6.2% over the forecast period of 2023-2030.
Ans: The rising demand for security element for transportation of important cargos.
Ans: The high maintenance cost.
Ans: North America will be the region with the highest share because, the U.S. is a significant producer and consumer of armored vehicles.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact Of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Armored Vehicle Market Segmentation, By Platform
8.1 Combat Vehicles
8.2 Combat Support Vehicles
8.3 Unmanned Armored Ground Vehicles
9. Armored Vehicle Market Segmentation, By Propulsion Type
9.1 Conventional
9.2 Electric
10. Armored Vehicle Market Segmentation, By Mobility Type
10.1 Wheeled
10.2 Tracked
11. Armored Vehicle Market Segmentation, By Solution
11.1 Line Fit
11.2 Retrofit
12. Armored Vehicle Market Segmentation, By System
12.1 Drive Systems
12.2 Structures & Mechanisms
12.3 Navigation
12.4 Others
13.1 Introduction
13.2 North America
13.2.1 North America Armored Vehicle Market By Country
13.2.2 North America Armored Vehicle Market By Platform
13.2.3 North America Armored Vehicle Market By Propulsion Type
13.2.4 North America Armored Vehicle Market By Mobility Type
13.2.5 North America Armored Vehicle Market By Solution
13.2.6 North America Armored Vehicle Market By System
13.2.7 USA
13.2.7.1 USA Armored Vehicle Market By Platform
13.2.7.2 USA Armored Vehicle Market By Propulsion Type
13.2.7.3 USA Armored Vehicle Market By Mobility Type
13.2.7.4 USA Armored Vehicle Market By Solution
13.2.7.5 USA Armored Vehicle Market By System
13.2.8 Canada
13.2.8.1 Canada Armored Vehicle Market By Platform
13.2.8.2 Canada Armored Vehicle Market By Propulsion Type
13.2.8.3 Canada Armored Vehicle Market By Mobility Type
13.2.8.4 Canada Armored Vehicle Market By Solution
13.2.8.5 Canada Armored Vehicle Market By System
13.2.9 Mexico
13.2.9.1 Mexico Armored Vehicle Market By Platform
13.2.9.2 Mexico Armored Vehicle Market By Propulsion Type
13.2.9.3 Mexico Armored Vehicle Market By Mobility Type
13.2.9.4 Mexico Armored Vehicle Market By Solution
13.2.9.5 Mexico Armored Vehicle Market By System
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Armored Vehicle Market By Country
13.3.1.2 Eastern Europe Armored Vehicle Market By Platform
13.3.1.3 Eastern Europe Armored Vehicle Market By Propulsion Type
13.3.1.4 Eastern Europe Armored Vehicle Market By Mobility Type
13.3.1.5 Eastern Europe Armored Vehicle Market By Solution
13.3.1.6 Eastern Europe Armored Vehicle Market By System
13.3.1.7 Poland
13.3.1.7.1 Poland Armored Vehicle Market By Platform
13.3.1.7.2 Poland Armored Vehicle Market By Propulsion Type
13.3.1.7.3 Poland Armored Vehicle Market By Mobility Type
13.3.1.7.4 Poland Armored Vehicle Market By Solution
13.3.1.7.5 Poland Armored Vehicle Market By System
13.3.1.8 Romania
13.3.1.8.1 Romania Armored Vehicle Market By Platform
13.3.1.8.2 Romania Armored Vehicle Market By Propulsion Type
13.3.1.8.3 Romania Armored Vehicle Market By Mobility Type
13.3.1.8.4 Romania Armored Vehicle Market By Solution
13.3.1.8.5 Romania Armored Vehicle Market By System
13.3.1.9 Hungary
13.3.1.9.1 Hungary Armored Vehicle Market By Platform
13.3.1.9.2 Hungary Armored Vehicle Market By Propulsion Type
13.3.1.9.3 Hungary Armored Vehicle Market By Mobility Type
13.3.1.9.4 Hungary Armored Vehicle Market By Solution
13.3.1.9.5 Hungary Armored Vehicle Market By System
13.3.1.10 Turkey
13.3.1.10.1 Turkey Armored Vehicle Market By Platform
13.3.1.10.2 Turkey Armored Vehicle Market By Propulsion Type
13.3.1.10.3 Turkey Armored Vehicle Market By Mobility Type
13.3.1.10.4 Turkey Armored Vehicle Market By Solution
13.3.1.10.5 Turkey Armored Vehicle Market By System
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Armored Vehicle Market By Platform
13.3.1.11.2 Rest of Eastern Europe Armored Vehicle Market By Propulsion Type
13.3.1.11.3 Rest of Eastern Europe Armored Vehicle Market By Mobility Type
13.3.1.11.4 Rest of Eastern Europe Armored Vehicle Market By Solution
13.3.1.11.5 Rest of Eastern Europe Armored Vehicle Market By System
13.3.2 Western Europe
13.3.2.1 Western Europe Armored Vehicle Market By Country
13.3.2.2 Western Europe Armored Vehicle Market By Platform
13.3.2.3 Western Europe Armored Vehicle Market By Propulsion Type
13.3.2.4 Western Europe Armored Vehicle Market By Mobility Type
13.3.2.5 Western Europe Armored Vehicle Market By Solution
13.3.2.6 Western Europe Armored Vehicle Market By System
13.3.2.7 Germany
13.3.2.7.1 Germany Armored Vehicle Market By Platform
13.3.2.7.2 Germany Armored Vehicle Market By Propulsion Type
13.3.2.7.3 Germany Armored Vehicle Market By Mobility Type
13.3.2.7.4 Germany Armored Vehicle Market By Solution
13.3.2.7.5 Germany Armored Vehicle Market By System
13.3.2.8 France
13.3.2.8.1 France Armored Vehicle Market By Platform
13.3.2.8.2 France Armored Vehicle Market By Propulsion Type
13.3.2.8.3 France Armored Vehicle Market By Mobility Type
13.3.2.8.4 France Armored Vehicle Market By Solution
13.3.2.8.5 France Armored Vehicle Market By System
13.3.2.9 UK
13.3.2.9.1 UK Armored Vehicle Market By Platform
13.3.2.9.2 UK Armored Vehicle Market By Propulsion Type
13.3.2.9.3 UK Armored Vehicle Market By Mobility Type
13.3.2.9.4 UK Armored Vehicle Market By Solution
13.3.2.9.5 UK Armored Vehicle Market By System
13.3.2.10 Italy
13.3.2.10.1 Italy Armored Vehicle Market By Platform
13.3.2.10.2 Italy Armored Vehicle Market By Propulsion Type
13.3.2.10.3 Italy Armored Vehicle Market By Mobility Type
13.3.2.10.4 Italy Armored Vehicle Market By Solution
13.3.2.10.5 Italy Armored Vehicle Market By System
13.3.2.11 Spain
13.3.2.11.1 Spain Armored Vehicle Market By Platform
13.3.2.11.2 Spain Armored Vehicle Market By Propulsion Type
13.3.2.11.3 Spain Armored Vehicle Market By Mobility Type
13.3.2.11.4 Spain Armored Vehicle Market By Solution
13.3.2.11.5 Spain Armored Vehicle Market By System
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Armored Vehicle Market By Platform
13.3.2.12.2 Netherlands Armored Vehicle Market By Propulsion Type
13.3.2.12.3 Netherlands Armored Vehicle Market By Mobility Type
13.3.2.12.4 Netherlands Armored Vehicle Market By Solution
13.3.2.12.5 Netherlands Armored Vehicle Market By System
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Armored Vehicle Market By Platform
13.3.2.13.2 Switzerland Armored Vehicle Market By Propulsion Type
13.3.2.13.3 Switzerland Armored Vehicle Market By Mobility Type
13.3.2.13.4 Switzerland Armored Vehicle Market By Solution
13.3.2.13.5 Switzerland Armored Vehicle Market By System
13.3.2.14 Austria
13.3.2.14.1 Austria Armored Vehicle Market By Platform
13.3.2.14.2 Austria Armored Vehicle Market By Propulsion Type
13.3.2.14.3 Austria Armored Vehicle Market By Mobility Type
13.3.2.14.4 Austria Armored Vehicle Market By Solution
13.3.2.14.5 Austria Armored Vehicle Market By System
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Armored Vehicle Market By Platform
13.3.2.15.2 Rest of Western Europe Armored Vehicle Market By Propulsion Type
13.3.2.15.3 Rest of Western Europe Armored Vehicle Market By Mobility Type
13.3.2.15.4 Rest of Western Europe Armored Vehicle Market By Solution
13.3.2.15.5 Rest of Western Europe Armored Vehicle Market By System
13.4 Asia-Pacific
13.4.1 Asia Pacific Armored Vehicle Market By Country
13.4.2 Asia Pacific Armored Vehicle Market By Platform
13.4.3 Asia Pacific Armored Vehicle Market By Propulsion Type
13.4.4 Asia Pacific Armored Vehicle Market By Mobility Type
13.4.5 Asia Pacific Armored Vehicle Market By Solution
13.4.6 Asia Pacific Armored Vehicle Market By System
13.4.7 China
13.4.7.1 China Armored Vehicle Market By Platform
13.4.7.2 China Armored Vehicle Market By Propulsion Type
13.4.7.3 China Armored Vehicle Market By Mobility Type
13.4.7.4 China Armored Vehicle Market By Solution
13.4.7.5 China Armored Vehicle Market By System
13.4.8 India
13.4.8.1 India Armored Vehicle Market By Platform
13.4.8.2 India Armored Vehicle Market By Propulsion Type
13.4.8.3 India Armored Vehicle Market By Mobility Type
13.4.8.4 India Armored Vehicle Market By Solution
13.4.8.5 India Armored Vehicle Market By System
13.4.9 Japan
13.4.9.1 Japan Armored Vehicle Market By Platform
13.4.9.2 Japan Armored Vehicle Market By Propulsion Type
13.4.9.3 Japan Armored Vehicle Market By Mobility Type
13.4.9.4 Japan Armored Vehicle Market By Solution
13.4.9.5 Japan Armored Vehicle Market By System
13.4.10 South Korea
13.4.10.1 South Korea Armored Vehicle Market By Platform
13.4.10.2 South Korea Armored Vehicle Market By Propulsion Type
13.4.10.3 South Korea Armored Vehicle Market By Mobility Type
13.4.10.4 South Korea Armored Vehicle Market By Solution
13.4.10.5 South Korea Armored Vehicle Market By System
13.4.11 Vietnam
13.4.11.1 Vietnam Armored Vehicle Market By Platform
13.4.11.2 Vietnam Armored Vehicle Market By Propulsion Type
13.4.11.3 Vietnam Armored Vehicle Market By Mobility Type
13.4.11.4 Vietnam Armored Vehicle Market By Solution
13.4.11.5 Vietnam Armored Vehicle Market By System
13.4.12 Singapore
13.4.12.1 Singapore Armored Vehicle Market By Platform
13.4.12.2 Singapore Armored Vehicle Market By Propulsion Type
13.4.12.3 Singapore Armored Vehicle Market By Mobility Type
13.4.12.4 Singapore Armored Vehicle Market By Solution
13.4.12.5 Singapore Armored Vehicle Market By System
13.4.13 Australia
13.4.13.1 Australia Armored Vehicle Market By Platform
13.4.13.2 Australia Armored Vehicle Market By Propulsion Type
13.4.13.3 Australia Armored Vehicle Market By Mobility Type
13.4.13.4 Australia Armored Vehicle Market By Solution
13.4.13.5 Australia Armored Vehicle Market By System
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Armored Vehicle Market By Platform
13.4.14.2 APAC Armored Vehicle Market By Propulsion Type
13.4.14.3 APAC Armored Vehicle Market By Mobility Type
13.4.14.4 APAC Armored Vehicle Market By Solution
13.4.14.5 APAC Armored Vehicle Market By System
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Armored Vehicle Market By country
13.5.1.2 Middle East Armored Vehicle Market By Platform
13.5.1.3 Middle East Armored Vehicle Market By Propulsion Type
13.5.1.4 Middle East Armored Vehicle Market By Mobility Type
13.5.1.5 Middle East Armored Vehicle Market By Solution
13.5.1.6 Middle East Armored Vehicle Market By System
13.5.1.7 UAE
13.5.1.7.1 UAE Armored Vehicle Market By Platform
13.5.1.7.2 UAE Armored Vehicle Market By Propulsion Type
13.5.1.7.3 UAE Armored Vehicle Market By Mobility Type
13.5.1.7.4 UAE Armored Vehicle Market By Solution
13.5.1.7.5 UAE Armored Vehicle Market By System
13.5.1.8 Egypt
13.5.1.8.1 Egypt Armored Vehicle Market By Platform
13.5.1.8.2 Egypt Armored Vehicle Market By Propulsion Type
13.5.1.8.3 Egypt Armored Vehicle Market By Mobility Type
13.5.1.8.4 Egypt Armored Vehicle Market By Solution
13.5.1.8.5 Egypt Armored Vehicle Market By System
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Armored Vehicle Market By Platform
13.5.1.9.2 Saudi Arabia Armored Vehicle Market By Propulsion Type
13.5.1.9.3 Saudi Arabia Armored Vehicle Market By Mobility Type
13.5.1.9.4 Saudi Arabia Armored Vehicle Market By Solution
13.5.1.9.5 Saudi Arabia Armored Vehicle Market By System
13.5.1.10 Qatar
13.5.1.10.1 Qatar Armored Vehicle Market By Platform
13.5.1.10.2 Qatar Armored Vehicle Market By Propulsion Type
13.5.1.10.3 Qatar Armored Vehicle Market By Mobility Type
13.5.1.10.4 Qatar Armored Vehicle Market By Solution
13.5.1.10.5 Qatar Armored Vehicle Market By System
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Armored Vehicle Market By Platform
13.5.1.11.2 Rest of Middle East Armored Vehicle Market By Propulsion Type
13.5.1.11.3 Rest of Middle East Armored Vehicle Market By Mobility Type
13.5.1.11.4 Rest of Middle East Armored Vehicle Market By Solution
13.5.1.11.5 Rest of Middle East Armored Vehicle Market By System
13.5.2 Africa
13.5.2.1 Africa Armored Vehicle Market By Country
13.5.2.2 Africa Armored Vehicle Market By Platform
13.5.2.3 Africa Armored Vehicle Market By Propulsion Type
13.5.2.4 Africa Armored Vehicle Market By Mobility Type
13.5.2.5 Africa Armored Vehicle Market By Solution
13.5.2.6 Africa Armored Vehicle Market By System
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Armored Vehicle Market By Platform
13.5.2.7.2 Nigeria Armored Vehicle Market By Propulsion Type
13.5.2.7.3 Nigeria Armored Vehicle Market By Mobility Type
13.5.2.7.4 Nigeria Armored Vehicle Market By Solution
13.5.2.7.5 Nigeria Armored Vehicle Market By System
13.5.2.8 South Africa
13.5.2.8.1 South Africa Armored Vehicle Market By Platform
13.5.2.8.2 South Africa Armored Vehicle Market By Propulsion Type
13.5.2.8.3 South Africa Armored Vehicle Market By Mobility Type
13.5.2.8.4 South Africa Armored Vehicle Market By Solution
13.5.2.8.5 South Africa Armored Vehicle Market By System
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Armored Vehicle Market By Platform
13.5.2.9.2 Rest of Africa Armored Vehicle Market By Propulsion Type
13.5.2.9.3 Rest of Africa Armored Vehicle Market By Mobility Type
13.5.2.9.4 Rest of Africa Armored Vehicle Market By Solution
13.5.2.9.5 Rest of Africa Armored Vehicle Market By System
13.6 Latin America
13.6.1 Latin America Armored Vehicle Market By Country
13.6.2 Latin America Armored Vehicle Market By Platform
13.6.3 Latin America Armored Vehicle Market By Propulsion Type
13.6.4 Latin America Armored Vehicle Market By Mobility Type
13.6.5 Latin America Armored Vehicle Market By Solution
13.6.6 Latin America Armored Vehicle Market By System
13.6.7 Brazil
13.6.7.1 Brazil Armored Vehicle Market By Platform
13.6.7.2 Brazil Africa Armored Vehicle Market By Propulsion Type
13.6.7.3Brazil Armored Vehicle Market By Mobility Type
13.6.7.4 Brazil Armored Vehicle Market By Solution
13.6.7.5 Brazil Armored Vehicle Market By System
13.6.8 Argentina
13.6.8.1 Argentina Armored Vehicle Market By Platform
13.6.8.2 Argentina Armored Vehicle Market By Propulsion Type
13.6.8.3 Argentina Armored Vehicle Market By Mobility Type
13.6.8.4 Argentina Armored Vehicle Market By Solution
13.6.8.5 Argentina Armored Vehicle Market By System
13.6.9 Colombia
13.6.9.1 Colombia Armored Vehicle Market By Platform
13.6.9.2 Colombia Armored Vehicle Market By Propulsion Type
13.6.9.3 Colombia Armored Vehicle Market By Mobility Type
13.6.9.4 Colombia Armored Vehicle Market By Solution
13.6.9.5 Colombia Armored Vehicle Market By System
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Armored Vehicle Market By Platform
13.6.10.2 Rest of Latin America Armored Vehicle Market By Propulsion Type
13.6.10.3 Rest of Latin America Armored Vehicle Market By Mobility Type
13.6.10.4 Rest of Latin America Armored Vehicle Market By Solution
13.6.10.5 Rest of Latin America Armored Vehicle Market By System
12 Company Profiles
14.1 BAE Systems
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 General Dynamics Corporation
14.2.1 Company Overview
14.2.2 Financials
14.2.3 Product/Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Rheinmetall AG
14.3.1 Company Overview
14.3.2 Financials
14.3.3 Product/Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Denel SOC ltd
14.4.1 Company Overview
14.4.2 Financials
14.4.3 Product/Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 IVECO Defence Vehicles
14.5.1 Company Overview
14.5.2 Financials
14.5.3 Product/Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Otokar
14.6.1 Company Overview
14.6.2 Financials
14.6.3 Product/Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Textron Systems
14.7.1 Company Overview
14.7.2 Financials
14.7.3 Product/Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 NORINCOGROUP
14.8.1 Company Overview
14.8.2 Financials
14.8.3 Product/Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Others
14.9.1 Company Overview
14.9.2 Financials
14.9.3 Product/Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
15. Competitive Landscape
15.1 Competitive Bench marking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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