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(I-TravelNewswire.Com, November 13, 2018 ) Significant Rise in Retrofitting Technology to Accentuate the Demand for Military Vehicle & Aircraft Protection System at a CAGR of 3.2%
Latest market study on Military Vehicle & Aircraft Protection Systems Market 2025 by Vehicle Armour Type (RPG Nets and Reactive Armour); Aircraft Type (Transport Aircraft and Helicopter); and Aircraft Armour Type (Pilot Seat Protection, Cockpit Protection, Floor Protection, and Exterior Protection) – Global Analysis and Forecast”, the Military Vehicle & Aircraft Protection System market is estimated to reach US$ 4.9 Bn by 2025 from US$ 3.8 Mn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The augmented demand for securing the country’s borders and international territories, combined with technologically enhanced systems and equipment, intensifies the demand for up gradation and retrofitting of armoured vehicles. The military spending in developed countries, as well as developing countries, are fluctuating in the current scenario, which has led to the procurement of newly developed vehicles to witness a slowdown. However, owing to the fact that, several countries worldwide are continuously witnessing cross-border tensions and enemy activities, which is pressurizing the defense forces of the respective countries as well as the foreign defense forces posted in these regions to upgrade their land vehicles as well as aircraft with technologically enhanced systems. This is also facilitating the military retrofitting market to propel over the years. Referring to the armour protection technologies used on the land vehicles and on to the aircraft, are mainly assembled post-purchase and depending upon the need as per the situation.
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Geographically, the market for military vehicle & aircraft protection system is segmented as North America, Europe, Asia Pacific, Middle East and Africa, South America. The most prominent region in the current market scenario stands for North America owing to the rapid deployment of troops by the US defense forces. The US Department of Defense (DoD) is constantly posting its troops in countries such as Afghanistan, Syria, Iraq, South Korea, Kuwait and Italy among others in order to deter different threats and maintain sustainable atmosphere. The deployment of large numbers of troops across the globe has led the country to invest significant amounts in the development as well procurement of military vehicle & aircraft protection system with an objective to enhance the explosive projectile hit capabilities and smoothening the operations.
The market for military vehicle & aircraft protection system is foreseen to witness an expeditionary growth in Middle East and Africa region, pertaining to the huge demand for such advanced defense systems among defense forces especially Saudi Arabia, Israel and Turkey army. The rise in terrorist attacks and other political and warring activities in various Middle Eastern countries is leading the defense forces to deploy troops along the borders as well as in remote locations. The increasing number of troop deployment and advanced military vehicles and aircrafts from these countries is demanding for robust protection systems, which is anticipated to be reason behind the growth of military vehicle & aircraft protection system market in Middle East and Africa region during the forecast period.
The global military vehicle and aircraft protection system market has been segmented by two vehicle armour types as RPG nets and reactive armours. On basis of aircraft type the market is bifurcated as transport aircraft and helicopters. Based on aircraft armour type the market is categorized as pilot seat protection, cockpit protection, floor protection, and exterior protection.
The prominent players operating in the field of military vehicle and aircraft protection systems market globally includes Rheinmentall AG, General Dynamics Ordnance and Tactical Systems, RUAG AG, TenCate Advanced Armour, QinetiQ North America, Plasan, MKU Limited, AmSafe Bridport, Ensign-Bickford Aerospace & Defense Company, and MDT Armour Corporation among others.
The report segments the global military vehicle & aircraft protection systems market as follows:
Global Military Vehicle & Aircraft Protection Systems Market – By Vehicle Armour Type RPG Nets Reactive Armour
Global Military Vehicle & Aircraft Protection Systems Market – By Aircraft Type Transport Aircraft Helicopter
Global Military Vehicle & Aircraft Protection Systems Market – By Aircraft Armour Type Pilot Seat Protection Cockpit Protection Floor Protection Exterior Protection
Global Military Vehicle & Aircraft Protection Systems Market – By Geography North America U.S. Canada Mexico
Europe France Germany Russia Italy UK Rest of Europe
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Asia Pacific (APAC) Australia China India Japan Rest of Asia Pacific
Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
South America Brazil Rest of South America
Reason to Buy: - Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Military Vehicle and Aircraft Protection Systems Market - Highlights key business priorities in order to assist companies to realign their business strategies. - The key findings and recommendations highlight crucial progressive industry trends in the Military Vehicle and Aircraft Protection Systems Market, thereby allowing players to develop effective long term strategies. - Develop/modify business expansion plans by using substantial growth offering developed and emerging markets. - Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it. - Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com
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