Military Protected Vehicles Market
Military Protected Vehicles Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Military Protected Vehicles Market Size and Growth
The Military Protected Vehicles market is experiencing significant growth, driven by increasing defense budgets and rising geopolitical tensions. The market size is projected to reach approximately $25 billion by 2025, driven by advancements in technology and demand for enhanced protection for personnel. Key trends include the use of unmanned systems and modular designs.
Companies Covered
(Covid 19 Impact Covered)
◍ BAE Systems
◍ BMW AG
◍ Daimler AG (Mercedes Benz)
◍ Elbit Systems
◍ Ford Motor Company
◍ INKAS Armored Vehicle Manufacturing
◍ International Armored Group
◍ IVECO
◍ Krauss-Maffei Wegmann GmbH & Co. (KMW)
◍ Lenco Industries
◍ Lockheed Martin Corporation
◍ Navistar, Inc.
◍ Oshkosh Defense
◍ Rheinmetall AG
◍ STAT, Inc.
◍ Textron
◍ Thales Group
The Military Protected Vehicles Market is competitive, with key players like BAE Systems, Elbit Systems, and Oshkosh Defense innovating armored solutions. Companies leverage advanced technology and collaborations to enhance vehicle capabilities. Their focus on R&D and responding to defense needs drives market growth. Revenue figures include:
- General Dynamics: $39 billion
- Rheinmetall: €6.38 billion
- Lockheed Martin: $67 billion
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◍ General Dynamics Corporation
Market Segmentation
By Application
Defence
Transportation
Other
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By Product
Market Growth
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$ X Billion USD
