裝甲車升級及改裝的全球市場 - 成長率，趨勢及預測(2019年∼2024年)
Armored Vehicles Upgrade and Retrofit Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The armored vehicles upgrade and retrofit market is anticipated to register a CAGR of above 5% during the forecast period.
The infantry fighting vehicle (IFV) segment of the market is expected to register the highest CAGR during the forecast period. The countries have been working on the improvement of fire control, firepower, ergonomic, and functional characteristics of the aging infantry fighting vehicles. The use of artificial intelligence and robotic combat modules, like systems that can automatically detect and track targets, has been getting a high demand, and the integration of these technologies into these vehicles is expected to propel this segment's growth.
North America is currently the largest market and is expected to remain so during the forecast period. The increasing defense spending over the years, along with the large ground vehicle fleet, are two significant reasons for the United States to carry out modernization programs to the increasing life span of the existing fleet. The country's army operates one of the oldest fleets of Abraham tanks that have been in service since the 1980s. The US government initiated a project to modernize its fleet of armored vehicles back in 2009 and contracted General Dynamics Corporation to upgrade the battle tanks, APCs, IFVs, and other armored vehicles over the years. This is expected to increase modernization further to integrate the latest technologies into the fleet of armored vehicles.
The prominent players in the armored vehicles upgrade and retrofit market are General Dynamics Corporation, Rheinmetall AG, BAE Systems plc, Oshkosh Corporation, and AM General. Currently, General Dynamics Corporation has the highest market share. This is mainly due to the extensive reach of the company in the United States and the European region. The increasing armored vehicles upgrade programs in the Asia-Pacific, Middle-East, and African regions are supporting the local players to gain a significant market share.