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(Transportation-News.com, October 17, 2017 ) The Armoured Vehicle Upgrade And Retro Fit Market is expected to register a CAGR of 3.45%, during 2017-2022 (the forecast period). The military armored vehicles upgrade and retrofit market is estimated to be a fairly profitable business, however, the government restrictions and regulations limit the number of operators and participants in the military field. Furthermore, the military business is a highly risky, owing to the constant demand and high capital requirements, with a lot of uncertainty, tough technological competition and the need to lobby for contracts.
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The forecast period (2017-2023) is crucial as many military activities are scheduled to end in this time-period, along with the rise of the new next generation heavy armoured vehicle made for connected warfare by Russia.
The global Armoured Vehicles Upgrade and Retrofit Market report has been strategically curated to fulfil the needs of the customer through in-depth analysis of the Armoured Vehicles Upgrade and Retrofit Market that can assist the customer in gaining actionable insights regarding the Armoured Vehicles Upgrade and Retrofit Market. The global Armoured Vehicles Upgrade and Retrofit Market report consists of information such as the drivers, challenges and market trends in the Armoured Vehicles Upgrade and Retrofit Market, along with a horde of other information such as the explanation of the market, its various types and applications, and the major players. Moreover, the report covers the various segmentations in the market such as regions, revenue, volume, production, and the various policies which are rife in the Armoured Vehicles Upgrade and Retrofit Market.
The report on the Armoured Vehicles Upgrade and Retrofit Market consists of the detailed statistical analysis of the market performance, depicted in a series of graphs and tables for the easy consumption of the customer. Furthermore, the top research professionals and market experts together have crunched a lot of numbers, running various algorithms and have come up with the most accurate Armoured Vehicles Upgrade and Retrofit Market forecast for the period of 2017 – 2022. The detailed analysis of the market along with the forecast across all segments will be greatly beneficial for the customer to plan the future course of action for growth.
All the top players in the Armoured Vehicles Upgrade and Retrofit Market have been covered in the global Armoured Vehicles Upgrade and Retrofit Market report. Each player profile consists of a detailed company analysis, new products and innovations they are working on, and the available product portfolio in the market. Each player’s market cap and perceived value along with future plans of expansion and growth and the latest acquisitions and mergers have been covered in the global Armoured Vehicles Upgrade and Retrofit Market report. The customer can hence be well informed about the imminent competition in the Armoured Vehicles Upgrade and Retrofit Market and work on an action plan to counter it accordingly.
Some of the top players in the Armoured Vehicles Upgrade and Retrofit Market are as follows:
· BAE Systems
· CMI Defence
· Diehl Defence
· Elbit Systems
· General Dynamics
· Rheinmetall
· RUAG Defence
· Thales Group
· Palbam
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The global Armoured Vehicles Upgrade and Retrofit Market report has covered the market across all geographic regions which include the following:
· North America
· South America
· Asia Pacific
· Europe
· Africa and Middle East
Every region’s market analysis has been covered in the global Armoured Vehicles Upgrade and Retrofit Market report including the region’s ranking in terms of revenue, volume, growth rate, leading applications and types of the product, and the major drivers and constraints for the specific regions. This is an ideal piece of intelligence for the consumer looking to expand their business across multiple locations and wishes to understand what works best in those regions in the Armoured Vehicles Upgrade and Retrofit Market.
Upgrade of Armoured MBT Fleet a Cheaper Solution
A typical 3rd generation armoured MBT costs USD 5 million each, while a second generation MBT costs about USD 1 million per piece. The cost of such 3rd generation, 100 units of MBTs would cost nearly USD 400-500 million and for 100 - 2nd generation MBTs the cost would be around USD 100 million for procurement alone. The maintenance cost per tank on a yearly basis is estimated to be around USD 20,000-50,000, accounting to a total of USD 2-5 million for 100 tanks, equal to the price of a new updated third generation tank. Upgrading MBT fleet of 100 to the latest version with the best armour would account to an approximate USD 500 million, which is a considerable amount of budget allocated to the land-based vehicle procurement.
As per trend statistics and cost effectiveness prediction, the army will choose to upgrade their fleet and buy a limited number of new armoured vehicles, as observed from the Malaysian army, where it bought about 258 new locally made AFVs and upgraded the existing fleet of 600 AFVs and APCs.
The various applications analysis along with the detailed analysis of the players in the market together aids the customer in making valuable decisions regarding the direction in which they wish to head towards. The global Armoured Vehicles Upgrade and Retrofit Market report from Orbis Research has been curated by the best experts and professionals in the Armoured Vehicles Upgrade and Retrofit Market and is sure to benefit the customer highly.
Our Global Armoured vehicles upgrade and Retrofit market Report covers:
· Armoured vehicles upgrade and retrofit market trends and dynamics
· Latest News & armoured vehicles upgrade market developments
· Porter’s five force analysis
· Manufacturer & OEM market share analysis
· Market Forecast for armoured vehicles upgrade & retrofit
· Geographical analysis
· Key player profiles and recent development
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