MEA 8X8 Armored Vehicle Market Size, Share & Trends Analysis Report By Product (MBT, APC, IFV, LPV, MRAP), By Application (Defense, Commercial, Homeland Security), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 113 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The MEA 8x8 armored vehicle market size is expected to reach USD 1.09 billion by 2025, according to a new study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.8% over the forecast period. Increasing national defense budgets coupled with the growing multilateral collaborations such as the one between the African Union and the North Atlantic Treaty Organization (NATO), to maintain peace and to counter terrorism is expected to drive the growth.

Armed forces in the MEA region are preparing aggressively to be able to counter all sorts of threats and respond efficiently to emergencies arising from insurgencies and militant attacks in view of the growing terrorist activities. They are opting for the latest military equipment, including armored fighting vehicles and infantry fighting vehicles. This factor is anticipated to bode swell for the growth of the Middle East and Africa 8x8armored vehicle market in the region.

Homeland security departments in Middle East and Africa are equally seeking 8x8 armored vehicles in view of the growing communal riots and organized crimes within the region. The demand for armored vehicles from law enforcement agencies is increasing as a result thereby driving growth of the MEA 8x8 armored vehicle market.

Advances in technology have resulted in the development of innovative 8x8 armored vehicles. For instance, electronic sensors are helping the occupants of armored vehicles detect the location of allies as well as enemies within a specified range. Similarly, robust touchscreen displays are allowing drivers of armored vehicles to communicate via emails and navigate accurately using a compass. At the same time, the leading market players are investing aggressively in R&D to develop lighter armored vehicles with improved mobility without compromising on the strength.

Further key findings from the report suggest:

• Main Battle Tanks (MBT) segment is expected to emerge as the fastest-growing product segment over the next six years, registering the highest CAGR of about 6.2%. Increasing preference by armed forces owing to the strength as well as the high level of protection offered by MBTs is anticipated to fuel the growth

• Law enforcement agencies remain keen on countering the growing organized crimes in various cities within MEA. At the same time, embassies are emphasizing on protecting the foreign delegates. This is compelling the homeland security departments to procure 8x8 armored vehicles

• Saudi Arabia is expected to continue leading over the forecast period and reach USD 344.2 million by 2025. The Saudi Arabian government is aggressively purchasing 8X8 armored vehicle systems to strengthen the national defense and to equip the armed forces to face any sorts of insurgencies originating in the future.

• The key participants in the MEA 8X8 armored vehicles market include BAE Systems; General Dynamics Corporation; Iveco; Lockheed Martin Corporation; Oshkosh Defense LLC; and STAT Inc., among others

 Table of Contents

Chapter 1 Methodology and Scope
                    1.1 Research Methodology
                    1.2 Research Scope and Assumptions
                    1.3 List of Data Sources
Chapter 2 Executive Summary
                    2.1 MEA 8X8 Armored Vehicle Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
                    2.2 MEA 8X8 Armored Vehicle Market, 2014 - 2025
                        2.2.1 MEA 8X8 armored vehicle market, by region, 2014 - 2025
                        2.2.2 MEA 8X8 armored vehicle market, by product, 2014 - 2025
                        2.2.3 MEA 8X8 armored vehicle market, by application, 2014 - 2025
Chapter 3 MEA 8X8 Armored Vehicle Industry Outlook
                    3.1 Market Segmentation and Scope
                    3.2 Market Size and Growth Prospects
                    3.3 MEA 8X8 Armored Vehicle Market - Value Chain Analysis
                        3.3.1 Vendor landscape
                    3.4 MEA 8X8 Armored Vehicle Market - Market Dynamics
                        3.4.1 Market driver analysis
                            3.4.1.1 Militarization of law enforcement agencies
                            3.4.1.2 Technological advancements in armored vehicles
                            3.4.1.3 Political instability in the region
                            3.4.1.4 Increase in insurgencies
                        3.4.2 Market restraints analysis
                            3.4.2.1 Reduction in national defense budgets
                            3.4.2.1 Increased use of unmanned vehicles
                        3.4.3 Market challenges analysis
                            3.4.3.1 Increased prices of raw materials
                            3.4.3.2 Vehicle survivability factors
                            3.4.3.3 High cost of modernizing armored vehicles
                    3.5 Penetration and Growth Prospect Mapping
                    3.6 MEA 8X8 Armored Vehicle Market - Key Company Ranking Analysis, 2018
                    3.7 MEA 8X8 Armored Vehicle Market - Product Specifications
                        3.7.1 Stryker
                        3.7.2 Boxer
                        3.7.3 LAV
                        3.7.4 RABDAN
                        3.7.5 PATRIA
                        3.7.6 VN1
                        3.7.7 ARMA
                        3.7.8 AL-FAHD
                        3.7.9 MBOMBE 8
                        3.7.10 Piranha
                        3.7.11 PARS III
                        3.7.12 EITAN
                        3.7.13 Terrex 3
                        3.7.14 PANDUR II
                        3.7.15 LAZAR II
                        3.7.16 BTR-80
                        3.7.17 NEXTER
                    3.8 MEA 8X8 Armored Vehicle Market - Porter's Five Forces Analysis
                    3.9 MEA 8X8 Armored Vehicle Market - PESTEL Analysis
Chapter 4 MEA 8X8 Armored Vehicle Product Outlook
                    4.1 MEA 8X8 Armored Vehicle Market Share By Product, 2018 & 2025
                    4.2 Armored Personnel Carrier (APC)
                        4.2.1 Armored Personnel Carrier (APC) vehicle market, 2014 - 2025
                    4.3 Infantry Fighting Vehicle (IFV)
                        4.3.1 Infantry fighting 8X8 armored vehicle market, 2014 - 2025
                    4.4 Light Protected Vehicle (LPV)
                        4.4.1 Light protected 8X8 armored vehicle market, 2014 - 2025
                    4.5 Main Battle Tank (MBT)
                        4.5.1 Main Battle Tank (MBT) 8X8 armored vehicle market, 2014 - 2025
                    4.6 Mine-Resistant Ambush-Protected (MRAP)
                        4.6.1 Mine-Resistant Ambush-Protected (MRAP) 8X8 armored vehicle market, 2014 - 2025
                    4.7 Tactical Vehicle
                        4.7.1 Tactical 8X8 armored vehicle market, 2014 - 2025
                    4.8 Others
                        4.8.1 Other 8X8 armored vehicles market, 2014 - 2025
Chapter 5 MEA 8X8 Armored Vehicle Application Outlook
                    5.1 MEA 8X8 armored Vehicle Market Share By Application, 2018 & 2025
                    5.2 Defense
                        5.2.1 MEA 8X8 armored vehicle market in defense, 2014 - 2025
                    5.3 Homeland Security
                        5.3.1 MEA 8X8 armored vehicle market in homeland security, 2014 - 2025
                    5.4 Commercial
                        5.4.1 MEA 8X8 armored vehicle market in commercial application, 2014 - 2025
Chapter 6 MEA 8X8 Armored Vehicle Regional Outlook
                    6.1 MEA 8X8 Armored Vehicle Market Share By Region, 2018 & 2025
                    6.2 MEA
                        6.2.1 Saudi Arabia
                            6.2.1.1 Saudi Arabia 8X8 armored vehicle market, 2014 - 2025
                            6.2.1.2 Saudi Arabia 8X8 armored vehicle market, by product, 2014 - 2025
                            6.2.1.3 Saudi Arabia 8X8 armored vehicle market, by application, 2014 - 2025
                        6.2.2 UAE
                            6.2.2.1 UAE 8X8 armored vehicle market, 2014 - 2025
                            6.2.2.2 UAE 8X8 armored vehicle market, by product, 2014 - 2025
                            6.2.2.3 UAE 8X8 armored vehicle market, by application, 2014 - 2025
                        6.2.3 Libya
                            6.2.3.1 Libya 8X8 armored vehicle market, 2014 - 2025
                            6.2.3.2 Libya 8X8 armored vehicle market, by product, 2014 - 2025
                            6.2.3.3 Libya 8X8 armored vehicle market, by application, 2014 - 2025
                        6.2.4 Yemen
                            6.2.4.1 Yemen 8X8 armored vehicle market, 2014 - 2025
                            6.2.4.2 Yemen 8X8 armored vehicle market, by product, 2014 - 2025
                            6.2.4.3 Yemen 8X8 armored vehicle market, by application, 2014 - 2025
                        6.2.5 Africa
                            6.2.5.1 Africa 8X8 armored vehicle market, 2014 - 2025
                            6.2.5.2 Africa 8X8 armored vehicle market, by product, 2014 - 2025
                            6.2.5.3 Africa 8X8 armored vehicle market, by application, 2014 - 2025
Chapter 7 Competitive Landscape
                    7.1 BAE Systems
                        7.1.1 Company overview
                        7.1.2 Financial performance
                        7.1.3 Product benchmarking
                        7.1.4 Strategic initiatives
                    7.2 General Dynamics Corporation
                        7.2.1 Company overview
                        7.2.2 Financial performance
                        7.2.3 Product benchmarking
                        7.2.4 Strategic initiatives
                    7.3 Iveco
                        7.3.1 Company overview
                        7.3.2 Product benchmarking
                        7.3.3 Strategic initiatives
                    7.4 Krauss-Maffei Wegmann GmbH & Co.
                        7.4.1 Company overview
                        7.4.2 Product benchmarking
                        7.4.3 Strategic initiatives
                    7.5 Lockheed Martin Corporation
                        7.5.1 Company overview
                        7.5.2 Financial performance
                        7.5.3 Product benchmarking
                        7.5.4 Strategic initiatives
                    7.6 Oshkosh Defense, LLC
                        7.6.1 Company overview
                        7.6.2 Product benchmarking
                        7.6.3 Strategic initiatives
                    7.7 Rheinmetall AG
                        7.7.1 Company overview
                        7.7.2 Financial performance
                        7.7.3 Product benchmarking
                        7.7.4 Strategic initiatives
                    7.8 STAT, Inc.
                        7.8.1 Company overview
                        7.8.2 Product benchmarking
Chapter 8 Recommendations

List of Tables

TABLE 1 MEA 8X8 Armored vehicle market - Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 MEA 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 3 MEA 8X8 armored vehicle market, by region, 2014 - 2025 (USD Million)
TABLE 4 MEA 8X8 armored vehicle market, by product, 2014 - 2025 (USD Million)
TABLE 5 MEA 8X8 armored vehicle market, by application, 2014 - 2025 (USD Million)
TABLE 6 Vendor landscape
TABLE 7 MEA 8X8 armored vehicle market - Key market driver impact
TABLE 8 Technologies used in defense armored vehicles
TABLE 9 Global armed conflict survey
TABLE 10 MEA 8X8 armored vehicle market - Key market restraints impact
TABLE 11 MEA 8X8 armored vehicle market - Key market challenge impact
TABLE 12 M1126ICV
TABLE 13 M1126ICV
TABLE 14 Boxer Driver Training Vehicle
TABLE 15 Boxer Ambulance
TABLE 16 Boxer GTFz
TABLE 17 LAV III Light Armored Vehicle
TABLE 18 Rabdan
TABLE 19 Patria AMV
TABLE 20 VN1
TABLE 21 ARMA
TABLE 22 AL-FAHD
TABLE 23 MBOMBE 8
TABLE 24 Piranha
TABLE 25 PARS III
TABLE 26 EITAN
TABLE 27 Terrex 3
TABLE 28 PANDUR II
TABLE 29 LAZAR II
TABLE 30 BTR-80
TABLE 31 VBCI
TABLE 32 Armored Personnel Carrier (APC) vehicle market, 2014 - 2025 (USD Million)
TABLE 33 Armored Personnel Carrier (APC) vehicle market, by country, 2014 - 2025 (USD Million)
TABLE 34 Infantry fighting 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 35 Infantry fighting 8X8 armored vehicle market, by country, 2014 - 2025 (USD Million)
TABLE 36 Light protected 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 37 Light protected 8X8 armored vehicle market, by country, 2014 - 2025 (USD Million)
TABLE 38 Main Battle Tank (MBT) 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 39 Main Battle Tank (MBT) 8X8 armored vehicle market, by country, 2014 - 2025 (USD Million)
TABLE 40 Mine-Resistant Ambush-Protected (MRAP) 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 41 Mine-Resistant Ambush Protected (MRAP) 8X8 armored vehicle market, by country, 2014 - 2025 (USD Million)
TABLE 42 Tactical 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 43 Tactical 8X8 armored vehicle market, by country, 2014 - 2025 (USD Million)
TABLE 44 Other 8X8 armored vehicles market, 2014 - 2025 (USD Million)
TABLE 45 Others 8X8 armored vehicle market, by country, 2014 - 2025 (USD Million)
TABLE 46 MEA 8X8 armored vehicle market in defense, 2014 - 2025 (USD Million)
TABLE 47 MEA 8X8 armored vehicle market in defense, by country, 2014 - 2025 (USD Million)
TABLE 48 MEA 8X8 armored vehicle market in homeland security, 2014 - 2025 (USD Million)
TABLE 49 MEA 8X8 armored vehicle market in homeland security, by country, 2014 - 2025 (USD Million)
TABLE 50 MEA 8X8 armored vehicle market in commercial application, 2014 - 2025 (USD Million)
TABLE 51 MEA 8X8 armored vehicle market in commercial application, by country, 2014 - 2025 (USD Million)
TABLE 52 Saudi Arabia 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 53 Saudi Arabia 8X8 armored vehicle market, by product, 2014 - 2025 (USD Million)
TABLE 54 Saudi Arabia 8X8 armored vehicle market, by application, 2014 - 2025 (USD Million)
TABLE 55 UAE 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 56 UAE 8X8 armored vehicle market, by product, 2014 - 2025 (USD Million)
TABLE 57 UAE 8X8 armored vehicle market, by application, 2014 - 2025 (USD Million)
TABLE 58 Libya 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 59 Libya 8X8 armored vehicle market, by product, 2014 - 2025 (USD Million)
TABLE 60 Libya 8X8 armored vehicle market, by application, 2014 - 2025 (USD Million)
TABLE 61 Yemen 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 62 Yemen 8X8 armored vehicle market, by product, 2014 - 2025 (USD Million)
TABLE 63 Yemen 8X8 armored vehicle market, by application, 2014 - 2025 (USD Million)
TABLE 64 Africa 8X8 armored vehicle market, 2014 - 2025 (USD Million)
TABLE 65 Africa 8X8 armored vehicle market, by product, 2014 - 2025 (USD Million)
TABLE 66 Africa 8X8 armored vehicle market, by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market segmentation and scope
FIG. 2 MEA 8X8 armored vehicle market, 2014 - 2025 (USD Million)
FIG. 3 MEA 8X8 armored vehicle market - Value chain analysis
FIG. 4 MEA 8X8 armored vehicle market - Market dynamics
FIG. 5 Civilian Improvised Explosive Device (IED) casualties 2014-2016
FIG. 6 World military expenditure in 2017 (%)
FIG. 7 Key opportunities prioritized
FIG. 8 MEA 8X8 armored vehicle market - Key company ranking analysis, 2018
FIG. 9 MEA 8X8 armored vehicle market - Porter's five forces analysis
FIG. 10 MEA 8X8 armored vehicle market - PESTEL analysis
FIG. 11 MEA 8X8 armored vehicle market, by product, 2018 & 2025
FIG. 12 MEA 8X8 armored vehicle market, by application, 2018 & 2025
FIG. 13 MEA 8X8 Armored vehicle market, by region, 2018 & 2025
FIG. 14 Country-level insights - Key takeaways
FIG. 15 MEA 8X8 armored vehicle market - Key takeaways
FIG. 16 Saudi Arabia 8X8 armored vehicle market - Key takeaways
FIG. 17 UAE 8X8 armored vehicle market - Key takeaways
FIG. 18 Libya 8X8 armored vehicle market - Key takeaways
FIG. 19 Yemen 8X8 armored vehicle market - Key takeaways
FIG. 20 Africa 8X8 armored vehicle market - Key takeaways