The global military armored vehicles and MRO market is expected to value US$22.5 billion in 2016, and will grow at a CAGR of 3.71%, to value US$32.4 billion by 2026. The market is split into six segments: MBTs, IFVs, APCs, MRAPs, LMVs, and tactical trucks. IFVs will lead the market, with a share of 32.2%, followed by the MBT segment, accounting for a share of 25.8%. APC is projected to be the third largest segment with a share of 17.4%, followed by LMVs with a share of 11.1%. Tactical trucks and MRAPs are projected to capture 8.3% and 5.2% of the global market during 2016-2026.

1. The Global Military Armored
Vehicles and MRO Market
2016-2026
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2. ABSTRACT
The global military armored vehicles and MRO market is expected to value
US$22.5 billion in 2016, and will grow at a CAGR of 3.71%, to value US$32.4
billion by 2026.
The market is split into six segments: MBTs, IFVs, APCs, MRAPs, LMVs, and
tactical trucks. IFVs will lead the market, with a share of 32.2%, followed by the
MBT segment, accounting for a share of 25.8%. APC is projected to be the third
largest segment with a share of 17.4%, followed by LMVs with a share of 11.1%.
Tactical trucks and MRAPs are projected to capture 8.3% and 5.2% of the
global market during 2016-2026.
The ability to offer ground forces increased capabilities pertaining to protection
and munitions is expected to spur the need for armored vehicles over the
forecast period. The threat from neighbouring nations and insurgency issues
will also be a major factor expected to contribute to the increasing demand for
armored vehicles. Furthermore, the large base of existing inventory as well as
new procurements throughout the next decade will create the need for
servicing and maintenance activities, which is expected to fuel the armored
vehicles MRO market to a great extent.

3. ABSTRACT
Drivers:
• Growing civilian use for safety and protection
• Rise in asymmetric warfare resulting into subsequent realignment of armored
vehicles fleet
Trends:
• Shifting focus towards unmanned armored vehicles
• See through technology to offer fighter pilots with increased capability and added
strategic advantage
• Ground X vehicle technology likely to augment survivability and mobility rate of the
vehicles by means of detection avoidance, increased vehicle speed and reduced
vehicle size and weight
Challenges:
• Increasing demand for refurbished vehicles posses a strong threat
• Budget limitations to acts as a major hindrance

4. Length Publisher Published Date
170 Pages Strategic Defence
Intelligence
August 30, 2016
Table of Contents
Analysis of Factors that trigger spending
Key Challenges
Market Segment
Combat Armored Vehicles and MRO
Transport Armored Vehicles and MRO
Rotorcraft Engines
Regional Analysis
Major Programs for each country
Market Size and CAGR growth analysis 2026
Competitive Analysis – 18 leading companies
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5. ABOUT THE PUBLISHER
Strategic Defence Intelligence provides a stream of continuously updated
customer and competitor intelligence, as well as detailed research reports
providing an unrivalled source of global information on the latest developments in
the defence industry. Strategic Defence Intelligence's unique monitoring platform
tracks global defence activity for over 2,500 companies and 65 product categories
in real time and in a highly structured manner, giving a comprehensive and easily-
searchable picture of all defence industry activity.
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