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This report is the result of ICD Research / Strategic Defence Intelligence’s extensive market and company
research covering the global armored vehicles MRO industry. It provides detailed analysis of both historic
and forecast global industry values, factors influencing demand, the challenges faced by industry
participants, analysis of the leading companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
“The Global Armored Vehicles MRO Market 2012-2022” offers the reader detailed analysis of the global
armored vehicle MRO market over the next ten years, alongside potential market opportunities to enter the
industry, using detailed market size forecasts.
What is the current market landscape and what is changing?
The demand for armored vehicles MRO services is anticipated to be driven by ageing military equipment
globally, technological innovations in the industry, internal and external security threats, territorial disputes
and modernization initiatives undertaken by armed forces across the world. The expenditure in this
segment during the forecast period is expected to be dominated by North America, followed by Asia Pacific
and Europe. Despite the economic crisis in Europe, Europe’s share of the global market is projected to
increase during the forecast period, albeit marginally due to the scheduled deployment of various
modernization programs which had been initiated in previous years
What are the key drivers behind recent market changes?
Technological innovations in the field of armored vehicles MRO have garnered significant interest over the
last decade. With global defense budgets shrinking or glowing at a marginal pace, countries are now
looking to maintain, repair and upgrade their defense equipment instead of developing new programs.
Moreover, the recent nuclear proliferation being carried out by Iran has heightened military tensions
between Iran, the US and Israel. The possible conflict has resulted in the US spending heavily on getting its
existing military equipment ready for battle, which in turn is driving the armored vehicles MRO industry.
What makes this report unique and essential to read?
“The Global Armored Vehicle MRO Market 2012-2022” provides detailed analysis of the current industry
size and growth expectations from 2012 to 2022, including highlights of key growth stimulators. It also
benchmarks the industry against key global markets and provides detailed understanding of emerging
opportunities in specific areas.