For an Executive Summary of this report please contact sara.peerun@visiongainglobal.com (+44 (0) 20 7336 6100) or refer to our website: https://www.visiongain.com/blog/def0023-ss

1. ©notice
This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior
written agreement of visiongain.You cannot photocopy, fax, download to database or duplicate in any other way
any of the material contained in this report. Each purchase and single copy is for personal use only.
Armoured Vehicle Market Report
2015-2025
Outlook For Top Companies in MBT, MRAP, Medium,
LPV & Other Military Armoured Vehicles

2. www.visiongain.com
Contents
1. Report Overview
1.1 Global Armoured Vehicle Market Overview
1.2 Global Armoured Vehicle Market Segmentation
1.3 Armoured Vehicle Market Definition
1.4 How This Report Delivers
1.5 Key Questions Answered by This Analytical Report Include:
1.6 Why You Should Read This Report
1.7 Methodology
1.8 Frequently Asked Questions (FAQ)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2. Introduction to the Armoured Vehicle Market
2.1 Armoured Vehicle Market History
2.2 Armoured Vehicle Submarket Categories
2.2.1 Main Battle Tanks
2.2.2 Medium Armoured Vehicles
2.2.3 Medium Mine-Resistant Vehicles
2.2.4 Light Protected Vehicles
2.2.5 Other Armoured Vehicles
3. Global Armoured Vehicle Market 2015-2025
3.1 Global Armoured Vehicle Market Forecast 2015-2025
3.2 Global Armoured Vehicle Market Analysis 2015-2025
3.3 Global Armoured Vehicle Market Drivers and Restraints
4. Armoured Vehicle Submarket Forecasts 2015-2025
4.1 Medium Armoured Vehicle Submarket Forecast 2015-2025
4.1.1 Medium Armoured Vehicle Submarket Analysis
4.1.2 Medium Armoured Vehicle Submarket Drivers and Restraints
4.2 Main Battle Tank Submarket Forecast 2015-2025
4.2.1 Main Battle Tank Submarket Analysis
4.2.2 Main Battle Tank Submarket Drivers and Restraints
4.3 Light Protected Vehicle Submarket Forecast 2015-2025
4.3.1 Light Protected Vehicle Submarket Analysis

3. www.visiongain.com
Contents
4.3.2 Light Protected Vehicle Submarket Drivers and Restraints
4.4 Other Armoured Vehicle Submarket Forecast 2015-2025
4.4.1 Other Armoured Vehicle Submarket Analysis
4.4.2 Other Armoured Vehicle Submarket Drivers and Restraints
4.5 MRAP Vehicle Submarket Forecast 2015-2025
4.5.1 MRAP Vehicle Submarket Analysis
4.5.2 MRAP Vehicle Submarket Drivers and Restraints
5. Leading National Armoured Vehicle Markets Forecasts 2015-2025
5.1 Leading National Armoured Vehicle Markets Share Forecasts by Submarket 2015-2025
5.2 Leading National Armoured Vehicle Markets Share Forecast 2015-2025
5.3 Barriers to Entry, Armoured Vehicle National Market Size
5.4 US Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.5 US Armoured Vehicle Market Analysis
5.6 US Armoured Vehicle Market Drivers and Restraints
5.7 US Armoured Vehicle Market Major Programmes
5.7.1 M1A2 Abrams SEPv2 Upgrade
5.7.2 Bradley Upgrades
5.7.3 From GCV to FFV
5.7.4 BAE Systems Win AMPV Programme
5.7.5 Stryker and DVH Modification
5.7.6 Amphibious Combat Vehicle (ACV) 1.1
5.7.7 LAV A2 Upgrades
5.7.8 M-ATV Acquisition and Upgrades
5.7.9 Mine-Resistant Ambush-Protected (MRAP) Vehicles
5.7.10 Joint Light Tactical Vehicle (JLTV)
5.7.11 M109A7 SPH and M992A3 Ammo Vehicles
5.7.12 M88A2 Armoured Recovery Vehicles
5.7.13 Assault Breacher Vehicle (ABV)
5.8 US Armoured Vehicle Market Major Contracts
5.9 German Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.10 German Armoured Vehicle Market Analysis
5.11 German Armoured Vehicle Market Drivers and Restraints
5.12 German Armoured Vehicle Major Programmes
5.12.1 Leopard 2A7 Upgrades and Enlarged Active Fleet
5.12.2 Puma IFV
5.12.3 Boxer 8x8

4. www.visiongain.com
Contents
5.12.4 GFF Programme for New Light Armoured Vehicles
5.13 German Armoured Vehicle Market Major Contracts
5.14 Saudi Arabian Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.15 Saudi Arabian Armoured Vehicle Market Analysis
5.16 Saudi Arabian Armoured Vehicle Market Drivers and Restraints
5.17 Saudi Arabian Armoured Vehicle Major Programmes
5.17.1 Saudi Arabia Continues to Modernise its Tank Fleet
5.17.2 $10bn Deal to Acquire New Armoured Vehicles
5.17.3 Bradley IFVs
5.17.4 Interest in Various Armoured Vehicles
5.18 Saudi Arabian Armoured Vehicle Major Contracts
5.19 Indian Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.20 Indian Armoured Vehicle Market Analysis
5.21 Indian Armoured Vehicle Market Drivers and Restraints
5.22 Indian Armoured Vehicle Major Programmes
5.22.1 Arjun Mk2 Tank
5.22.2 T-90S ‘Bhisma’ and T-90MS MBT
5.22.3 FICV Revival
5.22.4 Light Tanks
5.22.5 BMP-2 Upgrades
5.22.6 Interest in Mine-Resistant Vehicles
5.23 Indian Armoured Vehicle Major Contracts
5.24 South Korean Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.25 South Korean Armoured Vehicle Market Analysis
5.26 South Korean Armoured Vehicle Market Drivers and Restraints
5.27 South Korean Armoured Vehicle Major Programmes
5.27.1 Locally Developed K2 Main Battle Tank
5.27.2 K21 Infantry Fighting Vehicle
5.27.3 New Wheeled Light Armoured Vehicles
5.28 South Korean Armoured Vehicle Major Contracts
5.29 UK Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.30 UK Armoured Vehicle Market Analysis
5.31 UK Armoured Vehicle Market Drivers and Restraints
5.32 UK Armoured Vehicle Major Programmes
5.32.1 Challenger 2 LEP
5.32.2 Warrior CSP
5.32.3 New Scout SV Ordered

5. www.visiongain.com
Contents
5.32.4 Utility Vehicle (UV)
5.32.5 MRV-P
5.32.6 Mine-Resistant Vehicles
5.32.7 Warthog
5.32.8 BvS-10 II and Upgrades
5.32.9 CVR(T) Mk2
5.32.10 Foxhound
5.33 UK Armoured Vehicle Major Contracts
5.34 Chinese Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.35 Chinese Armoured Vehicle Market Analysis
5.36 Chinese Armoured Vehicle Market Drivers and Restraints
5.37 Chinese Armoured Vehicle Major Programmes
5.37.1 ZTZ99 and Newer A2
5.37.2 ZTZ96 MBT Upgrades
5.37.3 ZBD97 Tracked Armoured Vehicle
5.37.4 ZBL09 8x8 Vehicle
5.37.5 ZBD2000 Amphibious Tracked Armoured Vehicle
5.37.6 ZLC2000 Light Vehicle
5.38 French Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.39 French Armoured Vehicle Market Analysis
5.40 French Armoured Vehicle Market Drivers and Restraints
5.41 French Armoured Vehicle Major Programmes
5.41.1 Scorpion Programme to Transform France’s Armoured Vehicle Fleet
5.41.2 Leclerc MBT Upgrades
5.41.3 VBCI 8x8 Combat Vehicle
5.41.4 VBMR 6x6: Griffon
5.41.5 EBRC: Jaguar
5.41.6 VBMR Light 4x4 Vehicle
5.41.7 VHM
5.42 French Armoured Vehicle Major Contracts
5.43 Brazilian Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.44 Brazilian Armoured Vehicle Market Analysis
5.45 Brazilian Armoured Vehicle Market Drivers and Restraints
5.46 Brazilian Armoured Vehicle Major Programmes
5.46.1 Brazil to Produce 2,000-Strong 6x6 Fleet
5.46.2 M113 Upgrade
5.47 Brazilian Armoured Vehicle Major Contracts

6. www.visiongain.com
Contents
5.48 Iraqi Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.49 Iraqi Armoured Vehicle Market Analysis
5.50 Iraqi Armoured Vehicle Market Drivers and Restraints
5.51 Iraqi Armoured Vehicle Major Programmes
5.51.1 M1A1M Abrams MBTs
5.51.2 Refurbished M113APCs
5.51.3 Wheeled Armoured Vehicles
5.51.4 ILAV
5.51.5 M1117 4x4 APC
5.51.6 M88 Recovery Vehicles
5.52 Iraqi Armoured Vehicle Major Contracts
5.53 Turkish Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.54 Turkish Armoured Vehicle Market Analysis
5.55 Turkish Armoured Vehicle Market Drivers and Restraints
5.56 Turkish Armoured Vehicle Major Programmes
5.56.1 Turkey Builds its Own Tank
5.56.2 ACV Fleet
5.56.3 PARS 8x8
5.57 Russian Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.58 Russian Armoured Vehicle Market Analysis
5.59 Russian Armoured Vehicle Market Drivers and Restraints
5.60 Russian Armoured Vehicle Major Programmes
5.60.1 New Armata Family of Heavy Armoured Vehicles
5.60.2 New T-14 Tank
5.60.3 T-15 IFV
5.60.4 BMP-3 Fleet
5.60.5 4x4 Light Armoured Vehicles
5.61 Israeli Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.62 Israeli Armoured Vehicle Market Analysis
5.63 Israeli Armoured Vehicle Market Drivers and Restraints
5.64 Israeli Armoured Vehicle Major Programmes
5.64.1 Merkava Mk4
5.64.2 Namer H-APC
5.64.3 M113 Upgrades
5.65 Israeli Armoured Vehicle Major Contracts
5.66 Italian Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.67 Italian Armoured Vehicle Market Analysis

7. www.visiongain.com
Contents
5.68 Italian Armoured Vehicle Market Drivers and Restraints
5.69 Italian Armoured Vehicle Major Programmes
5.69.1 VBM Freccia 8x8 Vehicles
5.69.2 MPV-VTT Ambulance
5.69.3 VTLM Light Protected Vehicles
5.70 Italian Armoured Vehicle Major Contracts
5.71 UAE Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.72 UAE Armoured Vehicle Market Analysis
5.73 UAE Armoured Vehicle Market Drivers and Restraints
5.74 UAE Armoured Vehicle Major Programmes
5.74.1 LeclercMBTs
5.74.2 BMP-3 Upgrades
5.74.3 UAE Requires 8x8 Vehicle
5.74.4 Patria AMV 8x8L
5.74.5 UAE Now a Major Operator of M-ATVs
5.74.6 RG-31
5.74.7 Light Protected Vehicles
5.75 UAE Armoured Vehicle Major Contracts
5.76 Australian Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.77 Australian Armoured Vehicle Market Analysis
5.78 Australian Armoured Vehicle Market Drivers and Restraints
5.79 Australian Armoured Vehicle Major Programmes
5.79.1 LAND 400 - Land Combat Vehicle System (LCVS)
5.79.2 Combat Reconnaissance Vehicle (CRV)
5.79.3 ASLAV Upgrades
5.79.4 Bushmaster PMV
5.79.5 PMV-L Programme
5.80 Australian Armoured Vehicle Major Contracts
5.81 Japanese Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.82 Japanese Armoured Vehicle Market Analysis
5.83 Japanese Armoured Vehicle Market Drivers and Restraints
5.84 Japanese Armoured Vehicle Major Programmes
5.84.1 Japan Develops New Main Battle Tank
5.84.2 Manoeuvre Combat Vehicle
5.84.3 8x8 Armoured Vehicle
5.85 Norwegian Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.86 Norwegian Armoured Vehicle Market Analysis

8. www.visiongain.com
Contents
5.87 Norwegian Armoured Vehicle Market Drivers and Restraints
5.88 Norwegian Armoured Vehicle Major Programmes
5.88.1 CV90
5.88.2 Iveco LMVs
5.89 Canadian Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.90 Canadian Armoured Vehicle Market Analysis
5.91 Canadian Armoured Vehicle Market Drivers and Restraints
5.92 Canadian Armoured Vehicle Major Programmes
5.92.1 Leopard 2A6 MBT Upgrades
5.92.2 LAV-UP
5.92.3 Textron to Provide TAPV But Has Experienced Setbacks
5.92.4 Force Mobility Enhancement (FME)
5.93 Canadian Armoured Vehicle Major Contracts
5.94 Polish Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.95 Polish Armoured Vehicle Market Analysis
5.96 Polish Armoured Vehicle Market Drivers and Restraints
5.97 Polish Armoured Vehicle Major Programmes
5.97.1 Rosomak 8x8
5.97.2 Leopard MBT
5.98 Polish Armoured Vehicle Major Contracts
5.99 Rest of the World Armoured Vehicle Market and Submarket Forecasts 2015-2025
5.100 Rest of the World Armoured Vehicle Market Analysis
5.101 Rest of the World Armoured Vehicle Market Drivers and Restraints
5.102 Rest of the World Armoured Vehicle Major Programmes, Selected Countries
5.102.1 Afghanistan
5.102.2 Chile
5.102.3 Colombia
5.102.4 Czech Republic
5.102.5 Egypt
5.102.6 Estonia
5.102.7 Finland
5.102.8 Indonesia
5.102.9 Malaysia
5.102.10 Netherlands
5.102.11 Peru
5.102.12 South Africa
5.102.13 Sweden

9. www.visiongain.com
Contents
5.103 Rest of the World Armoured Vehicle Major Contracts
6. SWOT Analysis of the Armoured Vehicle Market
7. Expert Opinion
7.1 Patria
7.1.1 Driver of Demand for Armoured Vehicles
7.1.2 Regions That Will Spur Demand for Armoured Vehicles
7.1.3 Patria’s AMV in the Growing 8x8 Market
7.1.4 The Impact of IEDs
7.1.5 New Vehicles vs Upgrades
7.1.6 Obstacle to Growth in Demand for Armoured Vehicles
7.1.7 New Systems That Are Key to Armoured Vehicles
8. Leading Companies in Large-Scale LNG Infrastructure Market
8.1 AM General
8.1.1 Company Profile
8.1.2 Competitors
8.1.3 Regional Emphasis / Focus
8.1.4 Future Outlook
8.2 BAE Systems
8.2.1 Company Profile
8.2.2 Competitors
8.2.3 Regional Emphasis / Focus
8.2.4 Future Outlook
8.3 China North Industries Corporation (Norinco)
8.3.1 Company Profile
8.3.2 Competitors
8.3.3 Regional Emphasis / Focus
8.3.4 Future Outlook
8.4 Doosan Infracore
8.4.1 Company Profile
8.4.2 Competitors
8.4.3 Regional Emphasis / Focus
8.4.4 Future Outlook

10. www.visiongain.com
Contents
8.5 FNSS Savunma Sistemleri AS
8.5.1 Company Profile
8.5.2 Competitors
8.5.3 Regional Emphasis / Focus
8.5.4 Future Outlook
8.6 General Dynamics European Land Systems (GDELS)
8.6.1 Company Profile
8.6.2 Competitors
8.6.3 Regional Emphasis / Focus
8.6.4 Future Outlook
8.7 General Dynamics Land Systems (GDLS)
8.7.1 Company Profile
8.7.2 Competitors
8.7.3 Regional Emphasis / Focus
8.7.4 Future Outlook
8.8 Hyundai Rotem
8.8.1 Company Profile
8.8.2 Competitors
8.8.3 Regional Emphasis / Focus
8.8.4 Future Outlook
8.9 Israel Military Industries (IMI)
8.9.1 Company Profile
8.9.2 Competitors
8.9.3 Regional Emphasis / Focus
8.9.4 Future Outlook
8.10 Iveco Defence Vehicles
8.10.1 Company Profile
8.10.2 Competitors
8.10.3 Regional Emphasis / Focus
8.10.4 Future Outlook
8.11 Krauss-Maffei Wegmann (KMW)
8.11.1 Company Profile
8.11.2 Competitors
8.11.3 Regional Emphasis / Focus
8.11.4 Future Outlook
8.12 Kurganmashzavod JSC
8.12.1 Company Profile

11. www.visiongain.com
Contents
8.12.2 Competitors
8.12.3 Regional Emphasis / Focus
8.12.4 Future Outlook
8.13 Mitsubishi Heavy Industries
8.13.1 Company Profile
8.13.2 Competitors
8.13.3 Regional Emphasis / Focus
8.13.4 Future Outlook
8.14 Navistar Defense
8.14.1 Company Profile
8.14.2 Competitors
8.14.3 Regional Emphasis / Focus
8.14.4 Future Outlook
8.15 Nexter Systems
8.15.1 Company Profile
8.15.2 Competitors
8.15.3 Regional Emphasis / Focus
8.15.4 Future Outlook
8.16 Oshkosh Defense
8.16.1 Company Profile
8.16.2 Competitors
8.16.3 Regional Emphasis / Focus
8.16.4 Future Outlook
8.17 Otokar
8.17.1 Company Profile
8.17.2 Competitors
8.17.3 Regional Emphasis / Focus
8.17.4 Future Outlook
8.18 Panhard
8.18.1 Company Profile
8.18.2 Competitors
8.18.3 Regional Emphasis / Focus
8.18.4 Future Outlook
8.19 Patria
8.19.1 Company Profile
8.19.2 Competitors
8.19.3 Regional Emphasis / Focus

12. www.visiongain.com
Contents
8.19.4 Future Outlook
8.20 Renault Trucks Defense
8.20.1 Company Profile
8.20.2 Competitors
8.20.3 Regional Emphasis / Focus
8.20.4 Future Outlook
8.21 Rheinmetall Landsysteme
8.21.1 Company Profile
8.21.2 Competitors
8.21.3 Regional Emphasis / Focus
8.21.4 Future Outlook
8.22 Singapore Technologies Kinetics Ltd (ST Kinetics)
8.22.1 Company Profile
8.22.2 Competitors
8.22.3 Regional Emphasis / Focus
8.22.4 Future Outlook
8.23 Textron Marine & Land Systems
8.23.1 Company Profile
8.23.2 Competitors
8.23.3 Regional Emphasis / Focus
8.23.4 Future Outlook
8.24 Thales Australia Ltd
8.24.1 Company Profile
8.24.2 Competitors
8.24.3 Regional Emphasis / Focus
8.24.4 Future Outlook
8.25 Uralvagonzavod JSC
8.25.1 Company Profile
8.25.2 Competitors
8.25.3 Regional Emphasis / Focus
8.25.4 Future Outlook
8.26 Other Leading Companies in the Armoured Vehicle Market
9. Conclusions and Recommendations
9.1 Armoured Vehicle Market Outlook
9.2 Armoured Vehicle Market Key Findings
9.3 Armoured Vehicle Market Recommendations

13. Page 159www.visiongain.com
Armoured Vehicle Market Report 2015-2025:
Outlook for Top Companies in MBT, MRAP,
Medium, LPV & Other Military Armoured Vehicles
5.86 Norwegian Armoured Vehicle Market Analysis
The Norwegian armoured vehicle market will grow in the near term mainly on the strength of a
significant programme to upgrade more than 100 CV90 tracked medium armoured vehicles. This
will sustain spending in the near term but after this, its investment in armoured vehicles is expected
to taper off.
Visiongain calculates that Norway’s armoured vehicle market will be worth $205m in 2015. This will
decrease to $125m by 2020. Sales are projected to settle at $75m by the end of the forecast
period in 2025. The cumulative value of the Norwegian armoured vehicle market over the forecast
period of 2015-2025 will be $1.47bn.
The compound annual growth rate (CAGR) for the Norwegian armoured vehicle market over the
forecast period of 2015-2025 shows a declining rate of -9.3%. The CAGR in 2015-2025, or the first
half of the forecast period, will be -9.4%, while CAGR in 2015-2025, or the second half, will be -
9.7%.
-18.0
-16.0
-14.0
-12.0
-10.0
-8.0
-6.0
-4.0
-2.0
0.0
0
50
100
150
200
250
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
AGR(%)
Sales($m)
Main Battle Tanks Medium Armoured Vehicles
Light Protected Vehicles Other Armoured Vehicles
AGR (%)
Figure 5.23 Norwegian Armoured Vehicle Market and Submarket Forecasts 2015-
2025 ($m, AGR%)
Source: Visiongain 2015

14. Page 176www.visiongain.com
Armoured Vehicle Market Report 2015-2025:
Outlook for Top Companies in MBT, MRAP,
Medium, LPV & Other Military Armoured Vehicles
5.102.13 Sweden
Sweden has taken delivery of 113 Armoured Modular Vehicle (AMV) produced by Finnish
company Patria in a deal agreed in 2010 worth 240m Euros. There is an option for a further 113
vehicles that could be exercised in the future.
Sweden’s Defence Materiel Organisation (FMV) ordered 102 additional BvS-10 tracked articulated
all-terrain vehicles from BAE Systems in a deal worth $120m signed in December 2013. Deliveries
are set in 2014-2015. Sweden had also taken delivery in 2012 of 48 BvS-10 MkII Vikings in an
earlier$100m deal.
5.103 Rest of the World Armoured Vehicle Major Contracts
Country Company
Value
($m)
Date
Announced Details
Afghanistan Textron Marine &
Land Systems
113.4 Mar-13 Procurement of Mobile Strike
Force vehicles to support the
Afghanistan National Security
Forces
Afghanistan Navistar Defense 23 Feb-13 Retrofit of 205 armoured cabs
to Navistar medium tactical
vehicles for use by Afghan
national security forces
Afghanistan Textron Marine &
Land Systems
79.2 Jun-12 Procurement of Medium
Armored Security Vehicles for
the Afghan National Army
Afghanistan Textron Marine &
Land Systems
35.1 Feb-12 Procurement of Medium
Armored Security Vehicles for
the Afghan National Army
Bulgaria Textron Marine &
Land Systems
15.2 Sep-14 Mobile strike force vehicles,
related fielding hardware, and
technical services, for the
Bulgarian National Military
Forces deployed in support of
the International Security
Assistance Force in
Afghanistan.
Colombia General Dynamics
Land Systems
Canada
84 Jan-15 32 LAV III 8x8 armoured
vehicles
Colombia Textron Marine &
Land Systems
31.6 Aug-13 Procurement of 28 additional
Commando Advanced
armoured personnel carriers
and related services
Colombia Textron Marine &
Land Systems
5.5 Mar-13 12 armoured turrets for
Commando APCs
Czech Republic Steyr/GDELS Jan-15 Plan to acquire 20 Pandur II 8x8
vehicles for command and
Table 5.80 Rest of the World Armoured Vehicle Market Major Contracts (Country,
Company, Value, Date, Details)

15. Page 179www.visiongain.com
Armoured Vehicle Market Report 2015-2025:
Outlook for Top Companies in MBT, MRAP,
Medium, LPV & Other Military Armoured Vehicles
7. Expert Opinion
7.1 Patria
Patria, based in Finland, is a developer of defence systems that include the AMV (Advanced
Modular Vehicle) 8x8 wheeled armoured vehicle used by a number of armed forces. The answers
to Visongain’s questions were provided in May 2015 by Mr Mika Kari, President of Patria’s Land
Business Unit and we are grateful for his contribution.
7.1.1 Driver of Demand for Armoured Vehicles
Visiongain: Do you expect demand for armoured vehicles to increase, particularly over the next
decade, and what factors would drive such demand?
Patria’s Mika Kari: As defence forces are facing new threats like improvised explosive devices
(IED) in crisis management missions and need to gain higher operational performance by adopting
heavier weapon systems together with more capable communication systems, together with better
protection this will bring new demand for armoured vehicles.
7.1.2 Regions That Will Spur Demand for Armoured Vehicles
Visiongain: Which countries or regions do you expect will provide the greatest demand for
armoured vehicles?
Patria’s Mika Kari: There are several countries which have already indicated their future demands
such as Australia and those in the Middle East region. For example, BAE Systems and Patria have
announced a teaming agreement to pursue a major Australian combat vehicle programme. We will
work together to secure the anticipated Land 400 Phase 2 Defence program for the acquisition and
support of a Combat Reconnaissance Vehicle (CRV), with BAE Systems as prime contractor.
As recent crises have occurred, defence forces are already increasing their defence budgets and
upgrading capability to defend countries. This will increase the need of more capable systems,
including the amount of armoured vehicles.
7.1.3 Patria’s AMV in the Growing 8x8 Market
Visiongain: With regard to the AMV, can you tell us how Patria differentiates it in the now highly
competitive market for 8x8 wheeled armoured vehicles?

16. Page 183www.visiongain.com
Armoured Vehicle Market Report 2015-2025:
Outlook for Top Companies in MBT, MRAP,
Medium, LPV & Other Military Armoured Vehicles
8.1.4 Future Outlook
AM General, with the Blast Resistant Vehicle-Offroad (BRV-O), was selected as one of three
companies that made it to the engineering and manufacturing development (EMD) phase of the US
military’s Joint Light Tactical Vehicle (JLTV) programme, which seeks a replacement for the
HMMWV. However, the company lost the competition to Oshkosh. With tens of thousands of
HMMWVs in service, AM General will continue to support the vehicles in service with the US and
some other countries.
Country Programme Details
US Joint Light Tactical Vehicle
(JLTV)
Joint programme among US armed services to
replace their vast fleet of HMMWV light tactical
vehicles. AM General among three prime
contractors selected for the EMD phase
US High Mobility Multipurpose
Vehicle (HMMWV)
Support and upgrades to fleet of HMMWVs
Country Value ($m) Date Details
Iraq 32.1 Mar-15 160 M1151A1B1 HMMWVs
Iraq 9.8 Dec-14 50 HMMWVs and spare parts
Iraq 13.5 May-12 Procurement of HMMWVs
Mexico 245.6 Dec-14 2,200 HMMWVs and spare parts. To be
completed by Dec 2017.
US 21.1 Dec-14 HMMMWV spare parts
US 37.6 Oct-14 Upgrade of 300 US Army National Guard
M1165A1B3 HMMWVs to the latest configuration
US 90.5 Jun-14 Recapitalisation of up to 760 Army National
Guard High Mobility Multi-Wheeled Vehicles
(M1152A1B2 and M1165A1B3 variants) to the
current configuration
US 48 Jan-14 Provision of parts as the prime services
integrator in support of the HMMWV Industrial
Base Support programme
US 7.6 Sep-12 Conversion of M1165A1 Special Ops Kit on
HMMWVs
US 63.9 Aug-12 EMD phase of the Joint Light Tactical Vehicle
(JLTV)
US 10 Aug-12 Procurement of HMMWVs
US 360.7 Jan-12 Technical, repair parts, components and kits, and
operation system supporting the Integrated
Logistics Partnership Customer Pay HMMWV
programme
Table 8.2 AM General’s Involvement in Selected Armoured Vehicle Programmes
(Country, Programme, Details)
Source: Visiongain 2015
Source: Visiongain 2015
Table 8.3 AM General Contracts in Selected Armoured Vehicle Programmes
(Country, Value, Date Announced, Details)