Growing traction for 8×8 vehicles found in emerging markets
Recent years have witnessed robust spending on 8×8 armored vehicles by emerging Asian and Middle eastern markets with a relatively slower pace of growth found in traditional markets, such as the US and Europe. Driven by territorial disputes and the need to curb the growing threat from terrorism groups, countries such as China, South Korea, India and Saudi Arabia are undertaking significant 8×8 armored vehicle procurement programs to boost the capabilities of their armed forces. Focus on indigenous development of such vehicles, especially in several Asian countries, is also accelerating the growth of the sector in the region.
Demand from large global spenders leading to several new launches
Historically, heavy armored vehicles such as MBTs and IFVs have been built on tracked vehicles, while wheeled vehicles were predominantly used for light reconnaissance and armed area control operations. However, over the years, wheeled vehicles have witnessed increased traction, with countries across the globe preferring wheeled platforms over tracked ones. The 8×8 wheeled armored vehicles have been in use for several decades now, with many European countries taking a major initiative to replace their tracked APCs with 8×8 wheeled platforms.
These vehicles are currently being used by a wide end user group, including militaries as well as homeland security departments. These vehicles are primarily designed to be used by militaries across the globe for battlefield operations, and find primary application with armies and navies. Their use by airforce is mostly limited to crash rescue operations and firefighting. Additionally, 8×8 vehicles are increasingly being used by homeland security departments such as the police, border security, and special response teams for their respective operations.
The 8×8 Armored Vehicle Market-Key Drivers, Trends and New Developments report offers insights into the industry with an analysis based on key trends, drivers and new developments in the domain. This report analyzes factors that influence demand for 8×8 armored vehicles, key market trends and technology developments in the sector.
In particular, it provides an in-depth analysis of the following:
End-user Analysis: Insight into the key users of 8×8 armored vehicles within the military as well as homeland departments.
Drivers: Detailed analysis of factors driving the global market for 8×8 armored vehicles
Trends: Insights on the prevalent trends in the sector
Technology Trends and New Developments: Insights into current technological trends and new developments that will shape the market in the future
Key 8×8 Armored Vehicles In Use: Highlights of five popular 8×8 vehicles that are being currently used be defense forces across the world
Recent/Expected Launched: Highlights of five key 8×8 vehicles that are yet to be deployed
Country Analysis: Analysis of the five spenders that are anticipated to invest heavily in the domain, and recent programs executed by these nations
Supplier Analysis: Analysis of the five major companies that are catering to 8×8 armored vehicle requirements in the domain
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Ankur Gupta, Head Marketing & Communications