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The Global Armored and Counter IED Vehicles Market 2014–2024

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The Global Armored and Counter IED

Vehicles Market 2014–2024

Report Price: US$4,800 (Single User)


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Summary

“The Global Armored And Counter IED Vehicles Market 2014–2024” offers the reader detailed analysis of the

global armored and counter improvised explosive device (C-IED) vehicles market over the next ten years, and

provides market size forecasts. It covers the key technological and market trends in the armored and counter

IED vehicles market.

The demand for global armored and counter improvised explosive device (C-IED) vehicles is anticipated to be

driven by internal security threats, such as terrorism, threats to sovereign integrity and illegal border infiltration.

The new technological advancements in the sector will also drive demand. The market is expected to be

dominated by Asia Pacific, followed by North America and Europe. The Asia Pacific region accounts for the

highest expenditure in the sector as emerging economies, such as India and China execute extensive

modernization programs for their respective armed forces owing to a number of issues such as territorial

conflicts and terrorism.

“The Global Armored And Counter IED Vehicles Market 2014–2024” provides detailed analysis of the current

industry size and growth expectations from 2014 to 2024, including highlights of key growth stimulators. It also

benchmarks the industry against key global markets and provides a detailed understanding of emerging

opportunities in specific areas.

Key Findings

A major finding in the report entails that the sector demand will be largely driven by internal security

requirements of the armed forces around the world; leading to consistent growth in the market. However, in

the past, the sector has experienced some volatility in the demand as US and NATO countries have

inconsistently increased or decreased spending in the sector based on their involvement in the peach keeping

initiatives around the world. During the wars in Iraq and Afghanistan, the demand for tanks and armored

vehicles remained high from 2006 to 2010. The funding for on-ground vehicles increased at an annualized rate

of XXX% during the period, largely due to increased demand and popularity of mine-resistant, ambush-

protected vehicles required for military operations in Afghanistan and Iraq. However, the forecast period might

not witness such events taking place and resulting in unprecedented growth in the sector for certain periods.

Overall, the anticipation of threats primarily involving territorial issues has not reduced in any way and more

countries world over are now finding themselves increasingly vulnerable to unanticipated military conflicts.

Therefore, market is expected to remain favorable and is anticipated to attract sustained investment

throughout the forecast period and beyond.

Key Features and Benefits

The report provides detailed analysis of the market for global armored and counter improvised explosive

device (C-IED) vehicles during 2014–2024, including the factors that influence why countries are investing or

cutting expenditure on these segments. It provides detailed expectations of growth rates and projected total

expenditure.


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1 Global Armored and Counter Improvised Explosive Device (C-IED) Vehicles Market Size and Drivers

1.1 Global Armored and Counter Improvised Explosive Device (C-IED) Vehicles Market Size and Forecast 2014–2024

1.1.1 Global armored and counter improvised explosive device (C-IED) vehicles market to show positive

growth during the forecast period

The global armored and counter IED vehicles market valued US$XX billion in 2014, and will increase at a

CAGR of XXX% during the forecast period, to reach US$XX billion by 2024. The market consists of six

categories: APCs, LMVs, IFVs, MRAPs, MBTs and Tactical Trucks. The IFV segment is expected to account

for XX% of the global armored and counter IED vehicles market, followed by the MBT segment with a share of

XX%. The APC and MRAP markets will account for XX% and XX% of the overall armored and counter IED

vehicles market, whereas LMV and tactical trucks will account for the remaining XX% market share. During

the forecast period, the cumulative global expenditure on armored and counter IED vehicles is expected to

reach US$XX billion.

The chart below shows the expected armored and counter IED vehicles market value during 2014–2024:

Figure 1: Global Armored And Counter Improvised Explosive Device (C-IED) Vehicles Market (US$

Billion), 2014–2024

Source: SDI analysis © SDI

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1.2 Global armored and counter IED vehicles market – Regional Analysis

1.2.1 Asia Pacific is expected to lead the global Armored and Counter IED vehicles market

In the forecast period, with XX% market share, Asia Pacific is expected to displace North America as the

largest market for armored and counter IED vehicles. The expenditure in the region is primarily driven by the

Chinese spending on the MBTs and domestic MRAP production program. North America and Europe are also

expected to account for a significant portion of the total global armored and counter IED vehicles market

during the forecast period, with shares of XX% and XX% respectively. Expenditure on armored vehicles in the

European region will be largely driven by the Russian spending to modernize its armed forces. The US, which

has historically been the largest spender, recently cancelled its US$XX billion Ground Combat Vehicles (GCV)

program which has negatively impacted spending in the North American region. The Middle East, Latin

America and Africa account for XX%, XX% and XX% of global armored and counter IED vehicle expenditure

respectively.

The role of major Asian military powers such as India and China will remain paramount over the next decade

in driving sector demand. While the US and Europe will spend less on their armored vehicle capabilities post

the end of the war in Afghanistan, emerging markets such as those in Asia and the Middle East will have a

positive impact on the sector growth.

One of the major factors that will drive growth in the region includes a number of territorial disputes which have

begun to come to prominence in the wake of China’s rise, leading to inevitably heightened tension in the

region. Further, China’s desire to bridge the difference in its military capabilities as compared to the US is also

driving arms procurement in the country. Furthermore, various Asian countries such as Thailand, Singapore,

Japan, India and South Korea are involved in disputes with China in the South China Sea and the Indian

occupied region of Ladakh and Arunachal Pradesh, to cite a few examples. These factors are expected to

result in sustained and robust spending on armored vehicles throughout the forecast period.

The table below gives a brief overview of the global armored and counter IED vehicles market:

Table 1: Global Armored and Counter IED Vehicles Market Overview

Region Market in 2014 Market in 2024 Total Market (2014–2024)

Annualized growth/decline

(2014–2024)

Asia-Pacific US$XX billion US$XX billion US$XX billion XXX%

North America US$XX billion US$XX billion US$XX billion XXX%

Europe US$XX billion US$XX billion US$XX billion XXX%

Middle East US$XX billion US$XX billion US$XX billion XXX%

Latin America US$XX billion US$XX billion US$XX billion XXX%


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Table 1: Global Armored and Counter IED Vehicles Market Overview

Africa US$XX billion US$XX billion US$XX billion XXX%

Total global armored and counter IED vehicles market US$XX billion US$XX billion US$XX billion XXX%


The following chart shows the regional breakdown of the global armored and counter IED vehicles market:

Figure 2: Global Armored and Counter IED Vehicles Market Breakdown by Region (%), 2014–2024


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2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

North America Asia Pacific Europe Africa Middle East Latin America


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2 SWOT Analysis of the Global Armored and Counter IED Vehicles Market

Table 2: SWOT Analysis of the Global Armored and Counter IED Vehicles Market


Strengths Weaknesses

Opportunities Threats


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3 Country Analysis – Global Armored and Counter IED Vehicles Market

3.1 United States Market Size and Forecast 2014–2024

The US has the world’s largest budget for armored and counter IED vehicles, with a total estimated spend of

US$XX billion in 2014, which is expected to increase at a CAGR of XX%, to reach US$XX billion by 2024. It

faces minimal threats along territorial borders, so spending on armored and counter IED vehicles is primarily

driven by overseas military operations. With the beginning of operations in Iraq and Afghanistan, the demand

for armored and counter IED vehicles received a major boost in the first half of the last decade. IEDs posed the

greatest threat to the lives of serving personnel, and had accounted for about XX% of all US fatalities in

Afghanistan by 2009. In an effort to ensure that military forces were equipped with combat ready vehicles, the

US DoD had increased its focus on mine resistant armored vehicles. However, completion of operations in

Afghanistan and withdrawal of troops in 2014 are expected to result in a significant reduction in spending on

armored vehicles. Additionally, sequestration measures undertaken by the government are also expected to

negatively impact the armored vehicles market with the government having cancelled many programs such as

Future Combat System (FCS), Ground Combat Vehicle (GCV) program, and Expeditionary Fighting Vehicle

(EFV) program.

Providing advanced combat ready vehicles at a time of budget cuts, poses a significant challenge to the US

DoD. This has now led to the consolidation of all defense procurement units to identify capability gaps and

eliminate unnecessary redundancies. This initiative has led to the creation of various programs aimed at

replacing and modernizing the existing armored and counter IED vehicles fleet. The proposed procurement of x

Joint Light Tactical Vehicles (JLTV) for the US Army is expected to provide protection and networked mobility

for personnel across the full range of military operations. The program focuses on replacement of approximately

one third of the light wheeled vehicle fleet by 2035 at an estimated investment of US$x billion. Modernization of

Abrams Main Battle Tanks (MBTs) is another program attracting significant investment of US$x billion during

the forecast period.


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The table below gives a brief overview of the US armored and counter IED vehicles market:

Table 3: US Armored and Counter IED Vehicles Market Overview

Particulars Market in 2014 Market in 2024 Total Market

(2014–2024)

Annualized growth/decline

(2014–2024)

IFV US$XX million US$XX billion US$XX billion XXX%

LMV US$XX million US$XX billion US$XX billion XXX%

MRAP US$XX million US$XX billion US$XX billion XXX%

MBT US$XX million US$XX billion US$XX billion XXX%

Tactical Trucks US$XX million US$XX billion US$XX billion XXX%

Total armored and counter IED vehicles market

US$XX billion US$XX billion US$XX billion XXX%


The chart below shows the armored and counter IED vehicles market size in the US between 2014 and 2024:

Figure 3: Armored and Counter IED Vehicles Market in the US (US$ Billion), 2014–2024


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The table below shows the key US armored and counter IED vehicles programs:

Table 4: Key US Armored and Counter IED Vehicles Market programs

Program/Equipment Name

Type Quantity Procured

Supplier/Country Delivery Period Total Contract

Value

The US Army’s Joint Light Tactical Vehicle

(JLTV) program LMV XX XX 2015-2035 US$XX billion

Modernization of Abrams MBTs

MBT XX XX 2014-2024 US$XX billion

Armored Multi-Purpose Vehicle’s (AMPV) program

APC XX XX 2014-2033 US$XX billion

MRAP - Logistics Sustainment and Support (CLSS)

Services

MRAP XX XX 2012-2024 US$XX billion


The following chart shows the category break–up of the armored and counter IED vehicles market in the US

from 2014–2024:

Figure 4: US Armored and Counter IED Vehicles Market Split By Category in the US (%), 2014–2024


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MRAP IFV APC LMV MBT Tactical Truck


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Report Methodology

Strategic Defense Intelligence (SDI) dedicated research and analysis teams consist of experienced

professionals with a background in industry research and consulting in the defense sector. The market size is

derived by consolidating ongoing procurement programs, modernization initiatives, and future procurement

plans, utilizing information gathered through primary and secondary sources. Forecasting is conducted based

on the lifetime of current inventory levels, suitability/need of the weapon category for a specific country, budget

availability, and opinion of leading industry experts. The following research methodology is followed for all

databases and reports.

Secondary Research

The research process begins with exhaustive secondary research to source reliable qualitative and

quantitative information related to the global armored and counter IED vehicles market. The secondary

research sources that are typically referred to include, but are not limited to:

Globally renowned think tanks

Industry associations

National government documents and statistical databases

Company websites, annual reports, financial reports, broker reports, and investor presentations

Industry trade journals and other literature

Internal and external proprietary databases

News articles, press releases, and webcasts specific to the companies operating in the market

Primary Research

SDI conducts hundreds of primary interviews a year with industry participants and commentators in order to

validate its data and analysis. A typical research interview fulfills the following functions:

Provides first-hand information on market size, market trends, growth trends, competitive landscape, and

future outlook.

Helps to validate and strengthen secondary research findings.

Further develops the analyses team’s expertise and market understanding.

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, business development managers, market intelligence managers, and

national sales managers.

External experts: investment bankers, valuation experts, research analysts, and key opinion leaders

specializing in defense markets.


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Conventions

Currency conversions are performed on the basis of average annual conversion rate format calculations.

All the values in tables, with the exception of compounded annual growth rate (CAGR) and compounded

annual rate of change (CARC) are displayed to one decimal place. Growth rates may, therefore, appear

inconsistent with absolute values due to this rounding method.

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TABLE OF CONTENTS

1 Introduction ......................................................................................................................... 13

1.1 What is this Report About? ............................................................................................................. 13

1.2 Definitions ...................................................................................................................................... 13

1.3 Summary Methodology ................................................................................................................... 15

1.4 About Strategic Defence Intelligence .............................................................................................. 16

2 Executive Summary ............................................................................................................ 17

3 Global Armored and Counter IED Vehicles Market Size and Drivers .............................. 19

3.1 Armored and Counter IED Vehicles Market Size and Forecast 2014–2024 .................................... 19

3.1.1 Global armored and Counter IED vehicles market expected to increase during the forecast period .......19

3.2 Global Armored and Counter IED Vehicles Market – Regional Analysis ......................................... 20

3.2.1 Asia Pacific is expected to lead the global Armored and Counter IED vehicles market ...........................20

3.2.2 Asia Pacific to be the largest market for armored and counter IED vehicles ............................................22

3.2.3 New programs in armored vehicles in the US to support the global armored and counter IED vehicles

market 24

3.2.4 Armored and counter IED vehicles market to be robust in Europe despite budgetary pressures ............26

3.2.5 Saudi Arabia and Israel expected to lead the armored and counter IED vehicles market in the Middle East

28

3.2.6 Brazil to lead the armored and counter IED vehicles sector in the Latin American region .......................30

3.2.7 Demand for armored and counter IED vehicles in Africa is expected to reach US$XX billion by 2024 ...31

3.3 Armored and Counter IED vehicles Sub–Sector Market Size Composition ..................................... 32

3.3.1 Infantry Fighting Vehicles and Main Battle Tanks to witness strong demand ...........................................32

3.3.2 IFVs to account for the highest expenditure in the global armored and counter IED vehicles market .....34

3.3.3 Market size of MBTs expected to grow at a CAGR of XX% during forecast period .................................35

3.3.4 Armored Personnel Carriers market to experience a marginal increase ..................................................36

3.3.5 Scheduled withdrawal of peacekeeping forces and integration of anti-mine armors on all vehicles to

result in marginal reduction in the MRAP vehicle market ......................................................................................37

3.3.6 Light Multirole Vehicles market size is expected to register an increase during the forecast period........38

3.3.7 Tactical trucks market size expected to decrease over the forecast period .............................................39

3.4 Demand Drivers and Growth Stimulators ........................................................................................ 40

3.4.1 Rise in asymmetric warfare driving the growth and innovation in the sector ............................................40

3.4.2 International peacekeeping missions expected to propel demand for armored and counter IED vehicles40

3.4.3 Modernization initiatives will drive the demand for armored and counter IED vehicles ............................41

3.4.4 Internal and external security threats fuel the global demand for armored and counter IED vehicles .....41

3.5 Defense Budget Spending Review ................................................................................................. 43

3.5.1 Asian defense budgets expected to increase at a robust pace ................................................................43


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3.5.2 North American defense expenditure projected to increase marginally during the forecast period .........44

3.5.3 European capital expenditure expected to increase during the forecast period .......................................45

3.5.4 Modernization programs likely to drive defense expenditure in South American countries .....................46

3.5.5 Military budgets of African countries expected to increase during the forecast period .............................47

3.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period ....................48

3.6 Defense Modernization Review ...................................................................................................... 49

3.6.1 Financial constraints causing delays in European defense modernization programs ..............................49

3.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions .......................49

3.6.3 Global economic slowdown leading to defense budget cuts in the North American region .....................50

3.6.4 Need to replace aging equipment driving South American defense expenditure .....................................50

3.6.5 Security threats increasing the defense budget of African countries ........................................................51

3.6.6 Demand for armored vehicles is likely to increase in the Middle East ......................................................51

4 Industry Trends, Recent Developments and Challenges ................................................. 52

4.1 Technological Developments .......................................................................................................... 52

4.1.1 Hybrid engines are making their way in new MRAPs ...............................................................................52

4.1.2 Vehicle-mounted directed energy weapons (DEW) lasers will be the new weapons for armored vehicles

52

4.1.3 Force protection driving demand for mine and blast protection ................................................................52

4.1.4 Increased need for vehicle survivability has necessitated the development and fielding of active protection

systems ..................................................................................................................................................................53

4.1.5 E- Camouflage technology to provide armored vehicles with dynamic camouflage capability .................53

4.1.6 Rising fuel prices increasing demand for Hybrid Electric Drive ................................................................54

4.2 Market Trends ................................................................................................................................ 55

4.2.1 The market to witness increasing popularity of wheeled armored vehicles as opposed to tracked vehicles

over the forecast period .........................................................................................................................................55

4.2.2 MRAP market witnessing a steady decline in demand .............................................................................55

4.2.3 Vehicle and electronics architecture to be increasingly modular ..............................................................56

4.3 Industry Consolidation .................................................................................................................... 57

4.3.1 Product focus partnerships and joint ventures gaining importance ..........................................................57

4.3.2 The shift in attention to countries in the Asia Pacific .................................................................................57

4.3.3 Large defense companies are acquiring smaller firms with niche technology capabilities .......................57

4.4 Key Challenges .............................................................................................................................. 58

4.4.1 Austerity measures and consequent decline in defense spending to act as a challenge for equipping

armed forces with modern equipment ...................................................................................................................58

4.4.2 Maintaining cost at the same level despite integration of capabilities to pose a challenge ......................58

5 SWOT Analysis of the Armored and Counter IED Vehicles Market ................................ 59

5.2 Strengths ........................................................................................................................................ 60


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5.2.1 Robust procurement in emerging markets ................................................................................................60

5.2.2 Long standing territorial conflicts and insurgency incidences worldwide to encourage sustained

investment in armored vehicles .............................................................................................................................60

5.3 Weaknesses ................................................................................................................................... 62

5.3.1 Re-orientation of the US and allied forces militaries after the wars in Afghanistan and Iraq ....................62

5.3.2 High cost of high tech armor solutions leading to cancellation of programs .............................................62

5.4 Opportunities .................................................................................................................................. 64

5.4.1 Regional rivalry among countries to drive armored and counter IED vehicles demand in Latin America 64

5.4.2 The African market to present major opportunities for global OEMs ........................................................64

5.5 Threats ........................................................................................................................................... 66

5.5.1 Withdrawal of coalition forces from Afghanistan expected to affect the armored and counter IED vehicles

market 66

5.5.2 Successive defense budget cuts to limit the growth of the global armored and counter IED vehicles

industry ..................................................................................................................................................................66

5.5.3 Increase in demand for refurbished vehicles poses threat for new projects .............................................67

5.5.4 Unmanned defense systems to substitute demand for armored and counter IED vehicles .....................67

6 Country Analysis – Armored and Counter IED Vehicles Market ..................................... 68

6.1 United States Market Size and Forecast 2014–2024 ...................................................................... 69

6.1.1 Infantry Fighting Vehicles expected to account for the largest segment in the US...................................73

6.1.2 The LMV market to register a CAGR of XX% during the forecast period .................................................74

6.1.3 MRAPs expected to be the third largest spend category in the US ..........................................................75

6.2 Russia Market Size and Forecast 2014–2024 ................................................................................ 76

6.2.1 APC expected to record a growth rate of XX% over the forecast period ..................................................79

6.2.2 MBT expected to be the second largest segment over the forecast period ..............................................80

6.2.3 Russian IFV market to witness third highest spending during the forecast period ...................................81

6.3 UK Market Size and Forecast 2014–2024 ...................................................................................... 82

6.3.1 IFV segment to lead spending in the UK armored and counter IED vehicles market ...............................85

6.3.2 UK LMV market to see an increase during the forecast period ................................................................86

6.3.3 UK MRAP vehicle market to see a decline during the forecast period .....................................................87

6.4 France Market Size and Forecast 2014–2024 ................................................................................ 88

6.4.1 APC segment is expected to account for the largest share ......................................................................91

6.4.2 IFV to account for the second largest area of expenditure by France on armored and counter IED

vehicles ..................................................................................................................................................................92

6.4.3 Tactical Trucks segment is expected to grow at XX% over the forecast period .......................................93

6.5 China Market Size and Forecast 2014–2024 .................................................................................. 94

6.5.1 Demand for MBTs continues to increase across all major field regiments in China .................................98

6.5.2 Market for MRAPs to increase at a CAGR of XX% ...................................................................................99


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6.5.3 Demand for IFVs to decline over the forecast period ..............................................................................100

6.6 Australian Market Size and Forecast 2014–2024 ......................................................................... 102

6.6.1 APCs to account for the largest sector in the Australian armored and counter IED vehicles market .....106

6.6.2 Investment in the MRAP segment expected to remain robust over the forecast period .........................107

6.6.3 Market for Tactical trucks to grow at a rate of XX% over the forecast period .........................................108

6.7 India Market Size and Forecast 2014–2024 ................................................................................. 109

6.7.1 Market for IFVs to grow at a CAGR of XX% over the forecast period ....................................................111

6.7.2 Indian government procuring new main battle tanks and upgrading existing T–72 tanks ......................114

6.7.3 Market for MRAPs to remain constant over the forecast period .............................................................115

6.8 South Africa Market Size and Forecast 2014–2024 ...................................................................... 116

6.8.1 IFVs expected to account for the highest segment of expenditure by South Africa ...............................119

6.8.2 Market for MRAPS in South Africa to grow at a CAGR of XX% over the forecast period ......................120

6.9 Algeria Market Size and Forecast 2014–2024 .............................................................................. 121

6.9.1 APCs expected to account for the highest segment of expenditure over the forecast period ................124

6.10 Saudi Arabia Market Size and Forecast 2014–2024 ..................................................................... 125

6.10.1 IFV segment is expected to account for largest share of the Saudi Arabian armored vehicle market ...128

6.10.2 MBTs expected to be second largest expenditure during the forecast period ........................................129

6.11 Israel Market Size and Forecast 2014–2024 ................................................................................ 130

6.11.1 IFV segment is expected to account for the largest share during the forecast period ............................133

6.11.2 MBT to account for the second largest segment during the forecast period ..........................................134

6.12 Brazil Market Size and Forecast 2014–2024 ................................................................................ 135

6.12.1 The armored personnel carrier vehicles market accounts for the largest expenditure ...........................138

6.12.2 Tactical trucks expected to account for the second largest segment in Brazil .......................................139

6.13 Colombia Market Size and Forecast 2014–2024 .......................................................................... 140

6.13.1 Main battle tanks market accounts for the largest expenditure...............................................................143

6.13.2 LAV-III procurement to drive the IFV market in Colombia ......................................................................144

7 Major Armored and Counter IED Vehicles Programs ..................................................... 145

7.1 Infantry fighting Vehicles .............................................................................................................. 145

7.1.1 Saudi Arabia – Light Armored Vehicle ....................................................................................................145

7.1.2 US - Amphibious Combat Vehicle ...........................................................................................................146

7.1.3 Germany - Puma .....................................................................................................................................147

7.2 Main Battle Tanks ......................................................................................................................... 148

7.2.1 Russia - T-99 ...........................................................................................................................................148

7.2.2 China - ZTZ99 Program ..........................................................................................................................149

7.2.3 Turkey - Altay ..........................................................................................................................................150

7.3 Armored Personnel Carriers ......................................................................................................... 151


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7.3.1 Brazil - ViaturaBlindadaTransporte de Pessoal, Media de Rodas (VBTP-MR) Guarani vehicle

procurement program ..........................................................................................................................................151

7.3.2 US - Joint Assault Bridge (JAB) ..............................................................................................................152

7.3.3 France - VéhiculeBlindéMultirôle ............................................................................................................153

7.4 Mine Resistant Ambush Protected Vehicles ................................................................................. 154

7.4.1 South Africa - Sapula ..............................................................................................................................154

7.4.2 US - Logistics Sustainment and Support (CLSS) Services for MRAPs ..................................................155

7.4.3 China- Mine Resistant Ambush Protected Vehicle procurement ............................................................156

7.5 Light Multirole Vehicle .................................................................................................................. 157

7.5.1 US - Joint Light Tactical vehicle ..............................................................................................................157

7.5.2 Canada - Tactical Armored Patrol Vehicle ..............................................................................................158

7.5.3 UK - Future Rapid Effect System (FRES) Specialist vehicle ..................................................................159

7.6 Tactical Trucks ............................................................................................................................. 160

7.6.1 France - Porteur Polyvalent Terrestre program ......................................................................................160

7.6.2 Canada - Medium Support Vehicle System ............................................................................................161

7.6.3 South Africa - Vistula ...............................................................................................................................162

8 Competitive Landscape and Strategic Insights .............................................................. 163

8.1 Competitive Landscape overview ................................................................................................. 163

8.1.1 General Dynamics Land Systems Inc.: overview ....................................................................................165

8.1.2 General Dynamics Land Systems Inc.: products and services ...............................................................165

8.1.3 General Dynamics Land Systems Inc.: alliances ....................................................................................166

8.1.4 General Dynamics Land Systems Inc.: recent contract wins ..................................................................167

8.1.5 General Dynamics Land Systems Inc.: financial analysis .......................................................................168

8.1.6 Nexter SA: overview ................................................................................................................................170

8.1.7 Nexter S.A.: products and services .........................................................................................................170

8.1.8 Nexter SA: alliances ................................................................................................................................171

8.1.9 Nexter SA: recent contract wins ..............................................................................................................171

8.1.10 Nexter SA: financial analysis ...................................................................................................................172

8.1.11 Denel Land Systems: overview ...............................................................................................................174

8.1.12 Denel Land Systems: products and services ..........................................................................................174

8.1.13 Denel Land Systems: alliances ...............................................................................................................175

8.1.14 Denel Land Systems: recent contract wins .............................................................................................175

8.1.15 Oshkosh Defense: overview....................................................................................................................175

8.1.16 Oshkosh Defense: products and services...............................................................................................176

8.1.17 Oshkosh Defense: alliances ....................................................................................................................177

8.1.18 Oshkosh Defense: recent contract wins ..................................................................................................177

8.1.19 Rheinmetall Landsysteme GmbH: overview ...........................................................................................178


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8.1.20 RheinmetallLandsysteme GmbH: products and services .......................................................................178

8.1.21 Rheinmetall Landsysteme GmbH: alliances ...........................................................................................179

8.1.22 RheinmetallLandsysteme GmbH: recent contract wins ..........................................................................180

8.1.23 Thales: Overview .....................................................................................................................................180

8.1.24 Thales: Products and Services ...............................................................................................................180

8.1.25 Thales: alliances ......................................................................................................................................181

8.1.26 Thales: Recent Contract Wins ................................................................................................................181

8.1.27 Thales: Financial Analysis .......................................................................................................................182

8.1.28 China North Industries Corporation (NORINCO): overview ....................................................................184

8.1.29 China North Industries Corporation (NORINCO): products and services ...............................................184

8.1.30 China North Industries Corporation (NORINCO): alliances ....................................................................184

8.1.31 China North Industries Corporation (NORINCO): recent contract wins ..................................................185

8.1.32 Uralvagonzavod: overview ......................................................................................................................185

8.1.33 Uralvagonzavod: products and services .................................................................................................185

8.1.34 Uralvagonzavod: alliances ......................................................................................................................186

8.1.35 Uralvagonzavod: recent contract wins ....................................................................................................186

8.1.36 Krauss-Maffei Wegmann: overview ........................................................................................................186

8.1.37 Krauss-Maffei Wegmann: products and services ...................................................................................187

8.1.38 Krauss-MaffeiWegmann: alliances ..........................................................................................................188

8.1.39 Krauss-MaffeiWegmann: recent contract wins........................................................................................188

8.1.40 Iveco S.p.A.: overview .............................................................................................................................189

8.1.41 Iveco S.p.A.: products and services ........................................................................................................189

8.1.42 Iveco S.p.A.: alliances .............................................................................................................................190

8.1.43 Iveco S.p.A.: recent contract wins ...........................................................................................................190

8.1.44 Renault Truck Defense: overview ...........................................................................................................191

8.1.45 Renault Truck Defense: products and services ......................................................................................191

8.1.46 Renault Truck Defense: alliances ...........................................................................................................192

8.1.47 Renault Truck Defense: recent contract wins .........................................................................................192

8.1.48 Hyundai Rotem: overview .......................................................................................................................193

8.1.49 Hyundai Rotem: products and services ..................................................................................................193

8.1.50 Hyundai Rotem: recent contract wins .....................................................................................................194

8.1.51 Navistar Defense: overview.....................................................................................................................194

8.1.52 Navistar Defense: products and services ................................................................................................194

8.1.53 Navistar Defense: alliances .....................................................................................................................195

8.1.54 Navistar Defense: recent contract wins ...................................................................................................195

8.1.55 Otokar Otomotiv ve Savunma Sanayi A.S.: overview .............................................................................196

8.1.56 Otokar: products and services ................................................................................................................196


18

8.1.57 Otokar: recent contract wins ...................................................................................................................196

8.1.58 Otokar: financial analysis ........................................................................................................................197

8.1.59 OtoMelara: overview ...............................................................................................................................199

8.1.60 OtoMelara: products and services ..........................................................................................................199

8.1.61 OtoMelara: alliances ................................................................................................................................199

8.1.62 OtoMelara: recent contract wins .............................................................................................................200

8.1.63 Panhard: overview ...................................................................................................................................200

8.1.64 Panhard: products and services ..............................................................................................................200

8.1.65 Panhard: alliances ...................................................................................................................................201

8.1.66 Panhard: recent contract wins .................................................................................................................201

8.1.67 BAE Hagglunds: overview .......................................................................................................................201

8.1.68 BAE Hagglunds: products and services ..................................................................................................202

8.1.69 BAE Hagglunds: alliances .......................................................................................................................202

8.1.70 BAE Hagglunds: recent contract wins .....................................................................................................202

9 Appendix ............................................................................................................................ 204

9.1 Methodology ................................................................................................................................. 204

9.2 About SDI ..................................................................................................................................... 204

9.3 Disclaimer .................................................................................................................................... 204


19

LIST OF FIGURES

Figure 1: Global Armored and Counter IED Vehicles Market (US$ Billion), 2014–2024 ...................................................................................... 19 Figure 2: Armored and Counter IED Vehicles Market Breakdown by Region (%), 2014–2024 ............................................................................ 21 Figure 3: Asia-Pacific Armored and Counter IED Vehicles Market (US$ Billion), 2014–2024 .............................................................................. 23 Figure 4: North American Armored and Counter IED Vehicles Market (US$ Billion), 2014–2024 ........................................................................ 25 Figure 5: European Armored and Counter IED Vehicles Market (US$ Billion), 2014–2024 ................................................................................. 27 Figure 6: Middle East Armored and Counter IED Vehicles Market (US$ Billion), 2014–2024 .............................................................................. 29 Figure 7: Latin American Armored and Counter IED Vehicles Market (US$ Billion), 2014–2024 ......................................................................... 30 Figure 8: African Armored and Counter IED Vehicles Market (US$ Million), 2014–2024 ..................................................................................... 31 Figure 9: Armored and Counter IED Vehicles Market Breakdown by Segment (%), 2014–2024 ......................................................................... 33 Figure 10: Global IFV Market Size (US$ Billion), 2014–2024 .............................................................................................................................. 34 Figure 11: Global MBT Market Size (US$ Billion), 2014–2024 ............................................................................................................................ 35 Figure 12: Global APC Market Size (US$ Billion), 2014–2024 ............................................................................................................................ 36 Figure 13: Global MRAP Market Size (US$ Billion), 2014–2024 ......................................................................................................................... 37 Figure 14: Global LMV Market Size (US$ Billion), 2014–2024 ............................................................................................................................ 38 Figure 15: Global Tactical Truck Market Size (US$ Billion), 2014–2024 .............................................................................................................. 39 Figure 16: Defense Capital Expenditure of Top Three Asian Defense Spenders (US$ Billion), 2014–2024 ........................................................ 43 Figure 17: Defense Capital Expenditure of Top North American Defense Spenders (US$ Billion), 2014–2024 ................................................... 44 Figure 18: Defense Capital Expenditure of Top Three European Defense Spenders (US$ Billion), 2014–2024 .................................................. 45 Figure 19: Defense Capital Expenditure of Top Three South American Defense Spenders (US$ Billion), 2014–2024 ........................................ 46 Figure 20: Defense Capital Expenditure of Top Three African Countries (US$ Billion), 2014–2024.................................................................... 47 Figure 21: Defense Capital Expenditure of Top Three Middle Eastern Defense Spenders (US$ Billion), 2014–2024 .......................................... 48 Figure 22: Armored and Counter IED Vehicles Market in the US (US$ Billion), 2014–2024 ................................................................................ 70 Figure 23: Armored and Counter IED Vehicles Market Split By Category in the US (%), 2014–2024 .................................................................. 72 Figure 24: IFV Market Size in the US (US$ Billion), 2014–2024 .......................................................................................................................... 73 Figure 25: LMV Market Size in the US (US$ Billion), 2014–2024 ........................................................................................................................ 74 Figure 26: MRAP Market Size in the US (US$ Billion), 2014–2024 ..................................................................................................................... 75 Figure 27: Armored and Counter IED Vehicles Market in the Russia (US$ Billion), 2014–2024 .......................................................................... 77 Figure 28: Armored and Counter IED Vehicles Market Split By Category in Russia (%), 2014–2024 .................................................................. 78 Figure 29: APC Market Size in Russia (US$ Million), 2014–2024 ....................................................................................................................... 79 Figure 30: MBT Market Size in Russia (US$ Million), 2014–2024 ....................................................................................................................... 80 Figure 31: IFV Market Size in Russia (US$ Million), 2014–2024 ......................................................................................................................... 81 Figure 32: Armored and counter IED vehicles Market in the UK (US$ Million), 2014–2024 ................................................................................. 83 Figure 33: Armored and counter IED vehicles Market Split by Sector in the UK (%), 2014–2024 ........................................................................ 84 Figure 34: IFV Market Size in the UK (US$ Million), 2014–2024 ......................................................................................................................... 85 Figure 35: LMV Market Size in the UK (US$ Million), 2014–2024 ....................................................................................................................... 86 Figure 36: MRAP Market Size in the UK (US$ Million), 2014–2024..................................................................................................................... 87 Figure 37: Armored and Counter IED Vehicles Market in France (US$ billion), 2014–2024 ................................................................................ 89 Figure 38: Armored and Counter IED Vehicles Market Split by Sector in France (%), 2014–2024 ...................................................................... 90 Figure 39: APC Market Size in France (US$ Million), 2014–2024 ....................................................................................................................... 91 Figure 40: IFV Market Size in France (US$ Million), 2014–2024 ......................................................................................................................... 92 Figure 41: Tactical Trucks Market Size in France (US$ Million), 2014–2024 ....................................................................................................... 93 Figure 42: Armored and Counter IED Vehicles Market in China (US$ billion), 2014–2024 .................................................................................. 95 Figure 43: Armored and Counter IED Vehicles Market Split by Sector in China (%), 2014–2024 ........................................................................ 97 Figure 44: MBT Market Size in China (US$ Billion), 2014–2024 ......................................................................................................................... 98 Figure 45: MRAP Market Size in China (US$ Million), 2014–2024 ...................................................................................................................... 99 Figure 46: IFV Market Size in China (US$ Million), 2014–2024 ......................................................................................................................... 101 Figure 47: Armored and Counter IED Vehicles Market in Australia (US$ Billion), 2014–2024 ........................................................................... 103 Figure 48: Armored and Counter IED Vehicles Market Split by Sector in Australia (%), 2014–2024 .................................................................. 105 Figure 49: APC Market Size in Australia (US$ Million), 2014–2024 .................................................................................................................. 106 Figure 50: MRAP Market Size in Australia (US$ Million), 2014–2024 ................................................................................................................ 107 Figure 51: Tactical Trucks Market Size in Australia (US$ Million), 2014–2024 .................................................................................................. 108 Figure 52: Armored and Counter IED Vehicles Market in India (US$ Billion), 2014–2024 ................................................................................. 110 Figure 53: Armored and Counter IED Vehicles Market Split by Sector in India (%), 2014–2024 ........................................................................ 111 Figure 54: IFV Market Size in India (US$ Million), 2014–2024 .......................................................................................................................... 113


20

Figure 55: MBT Market Size in India (US$ Million), 2014–2024 ........................................................................................................................ 114 Figure 56: MRAP Market Size in India (US$ Million), 2014–2024 ...................................................................................................................... 115 Figure 57: Armored and Counter IED Vehicles Market in South Africa (US$ Million), 2014–2024 ..................................................................... 117 Figure 58: Armored and Counter IED Vehicles Market Split by Sector in South Africa (%), 2014–2024 ............................................................ 118 Figure 59: IFV Market Size in South Africa (US$ Million), 2014–2024 ............................................................................................................... 119 Figure 60: MRAP Market Size in South Africa (US$ Million), 2014–2024 .......................................................................................................... 120 Figure 61: Armored and Counter IED Vehicles Market in Algeria (US$ Million), 2014–2024 ............................................................................. 122 Figure 62: Armored and counter IED vehicles Market Split by Sector in Algeria (%), 2014–2024 ...................................................................... 123 Figure 63: APC Market Size in Algeria (US$ Million), 2014–2024 ..................................................................................................................... 124 Figure 64: Armored and Counter IED Vehicles Market in Saudi Arabia (US$ Million), 2014–2024 .................................................................... 126 Figure 65: Armored and counter IED vehicles Market Split by Sector in Saudi Arabia (%), 2014–2024 ............................................................. 127 Figure 66: IFV Market Size in Saudi Arabia (US$ Million), 2014–2024 .............................................................................................................. 128 Figure 67: MBT Market Size in Saudi Arabia (US$ Million), 2014–2024 ............................................................................................................ 129 Figure 68: Armored and counter IED vehicles Market in Israel (US$ Million), 2014–2024 ................................................................................. 131 Figure 69: Armored and counter IED vehicles Market Split by Sector in Israel (%), 2014–2024 ........................................................................ 132 Figure 70: IFV Market Size in Israel (US$ Million), 2014–2024 ......................................................................................................................... 133 Figure 71: MBT Market Size in Israel (US$ Million), 2014–2024 ....................................................................................................................... 134 Figure 72: Armored and Counter IED Vehicles Market in Brazil (US$ Million), 2014–2024 ................................................................................ 136 Figure 73: Armored and Counter IED Vehicles Market Split By Category in Brazil (%), 2014–2024 .................................................................. 137 Figure 74: APC Market Size in Brazil (US$ Million), 2014–2024 ....................................................................................................................... 138 Figure 75: Tactical Trucks Market Size in Brazil (US$ Million), 2014–2024 ....................................................................................................... 139 Figure 76: Armored and Counter IED Vehicles Market in Colombia (US$ Million), 2014–2024.......................................................................... 141 Figure 77: Armored and Counter IED Vehicles Market Split By Category in Colombia (%), 2014–2024 ............................................................ 142 Figure 78: MBT Market Size in Colombia (US$ Million), 2014–2024 ................................................................................................................. 143 Figure 79: IFV Market Size in Colombia (US$ Million), 2014–2024 ................................................................................................................... 144 Figure 80: General Dynamics Land Systems Inc. – Revenue Trend Analysis (US$ Billion), 2009–2013 ........................................................... 168 Figure 81: General Dynamics Land Systems Inc. – Operating Profit (US$ Million), 2009–2013 ........................................................................ 168 Figure 82: General Dynamics Land Systems Inc. – Net Profit Trend Analysis (US$ Million), 2009–2013 ......................................................... 169 Figure 83: Nexter S.A. – Revenue Trend Analysis (EUR Million), FY2008–2012 .............................................................................................. 172 Figure 84: Nexter SA – Operating Profit Trend Analysis (EUR Million), FY2008–2012 ...................................................................................... 173 Figure 85: Nexter SA – Net Profit Trend Analysis (EUR Million), FY2008–2012 ............................................................................................... 173 Figure 86: Thales – Revenue Trend Analysis (EUR Billion), 2009–203 ............................................................................................................. 182 Figure 87: Thales – Operating Profit (EUR Million), 2009–2013 ........................................................................................................................ 183 Figure 88: Thales – Net Profit Trend Analysis (EUR Million), 2009–2013 ......................................................................................................... 183 Figure 89: Otokar – Revenue Trend Analysis (TRY Million), 2009–2013 ........................................................................................................... 197 Figure 90: Otokar – Operating Profit (US$ Million), 2009–2013......................................................................................................................... 198 Figure 91: Otokar – Net Profit Trend Analysis (US$ Million), 2009–2013 ......................................................................................................... 198


21

LIST OF TABLES

Table 1: Global Armored and Counter IED Vehicles Market Overview ................................................................................................................ 20 Table 2: Global Armored and Counter IED Vehicles Market Overview ................................................................................................................ 32 Table 3: SWOT Analysis of the Armored and Counter IED Vehicles Market ....................................................................................................... 59 Table 4: Leading Armored and Counter IED Vehicles Markets and Top Three Segments ................................................................................... 68 Table 5: US Armored and Counter IED Vehicles Market Overview ..................................................................................................................... 70 Table 6: Key US Armored and Counter IED Vehicles Programs ......................................................................................................................... 71 Table 7: Russian Armored and Counter IED Vehicles Market Overview ............................................................................................................. 77 Table 8: Key Russian Armored and Counter IED Vehicles Programs.................................................................................................................. 78 Table 9: UK Armored and Counter IED Vehicles Market Overview ..................................................................................................................... 82 Table 10: Major UK Armored and counter IED vehicles Programs ...................................................................................................................... 83 Table 11: French Armored and Counter IED Vehicle Market Overview ............................................................................................................... 88 Table 12: Major French Armored and Counter IED Vehicle Programs ................................................................................................................ 89 Table 13: Chinese Armored and Counter IED Vehicles Market Overview ........................................................................................................... 95 Table 14: Major Chinese Armored and Counter IED Vehicle Programs .............................................................................................................. 96 Table 15: Australian Armored and Counter IED Vehicles Market Overview ....................................................................................................... 103 Table 16: Major Australian Armored and Counter IED Vehicles Programs ........................................................................................................ 104 Table 17: Indian Armored and Counter IED Vehicles Market Overview ............................................................................................................. 110 Table 18: Major Indian Armored and Counter IED Vehicles Programs .............................................................................................................. 111 Table 19: South African Armored and Counter IED Vehicles Market Overview ................................................................................................. 116 Table 20: Major South African Armored and Counter IED Vehicle Programs .................................................................................................... 117 Table 21: Algerian Armored and Counter IED Vehicles Market Overview ......................................................................................................... 121 Table 22: Major Algerian Armored and Counter IED Vehicles Programs ........................................................................................................... 122 Table 23: Saudi Arabian Armored and Counter IED Vehicles Market Overview ................................................................................................ 125 Table 24: Major Saudi Arabian Armored and Counter IED Vehicles Programs.................................................................................................. 126 Table 25: Israeli Armored and counter IED vehicles Market Overview .............................................................................................................. 130 Table 26: Major Israeli Armored and counter IED vehicles Programs ................................................................................................................ 131 Table 27: Brazilian Armored and Counter IED Vehicles Market Overview ......................................................................................................... 135 Table 28: Key Brazilian Armored and Counter IED Vehicles Programs ............................................................................................................. 136 Table 29: Colombian Armored and Counter IED Vehicles Market Overview ..................................................................................................... 140 Table 30: Key Colombian Armored and Counter IED Vehicles Programs.......................................................................................................... 141 Table 31: Program Details –Amphibious Combat Vehicle ................................................................................................................................. 146 Table 32: Program Details – Puma ................................................................................................................................................................... 147 Table 33: Program Details – T-99 ..................................................................................................................................................................... 148 Table 34: Program Details –ZTZ99 Program .................................................................................................................................................... 149 Table 35: Program Details – Altay .................................................................................................................................................................... 150 Table 36: Program Details – VBTP-MR Guarani Program................................................................................................................................. 151 Table 37: Program Details – Joint Assault Bridge (JAB)Program ...................................................................................................................... 152 Table 38: Program Details – VéhiculeBlindé Multirole (VBMR) ......................................................................................................................... 153 Table 39: Program Details –Sapula .................................................................................................................................................................. 154 Table 40: Program Details –Logistics Sustainment and Support (CLSS) Services for MRAPs .......................................................................... 155 Table 41: Program Details – Joint Light Tactical vehicle (JLTV) ........................................................................................................................ 157 Table 42: Program Details – Tactical Armored Patrol Vehicle (TAPV) ............................................................................................................... 158 Table 43: Program Details – Future Rapid Effect System (FRES) Specialist Vehicle ........................................................................................ 159 Table 44: Program Details – Porteur Polyvalent Terrestre (PPT) ...................................................................................................................... 160 Table 45: Program Details – Medium Support Vehicle System (MSVS) ............................................................................................................ 161 Table 46: Program Details – Vistula .................................................................................................................................................................. 162 Table 47: Key Global Armored and Counter IED Vehicles Manufacturers and Capabilities ............................................................................... 164 Table 48:General Dynamics Land Systems Inc. – Alliances .............................................................................................................................. 166 Table 49:General Dynamics Land Systems Inc.: Recent Contract Wins ........................................................................................................... 167 Table 50:Nexter S.A.: Alliances ........................................................................................................................................................................ 171 Table 51:Nexter S.A.: Recent Contract Wins .................................................................................................................................................... 171 Table 52: Denel Land Systems – Alliances ....................................................................................................................................................... 175 Table 53:Denel Land Systems: Recent Contract Wins ...................................................................................................................................... 175 Table 54:Oshkosh Defense: Alliances .............................................................................................................................................................. 177


22

Table 55:Oshkosh Defense: Recent Contract Wins .......................................................................................................................................... 177 Table 56:RheinmetallLandsysteme GmbH: Alliances ........................................................................................................................................ 179 Table 57:RheinmetallLandsysteme GmbH: Recent Contract Wins .................................................................................................................... 180 Table 58:Thales: Alliances ................................................................................................................................................................................ 181 Table 59: Thales – Recent Contract Wins ......................................................................................................................................................... 181 Table 60:China North Industries Corporation (NORINCO): Alliances ................................................................................................................ 184 Table 61:China North Industries Corporation (NORINCO): Recent Contract Wins ............................................................................................ 185 Table 62: Uralvagonzavod: Alliances ................................................................................................................................................................ 186 Table 63:Uralvagonzavod: Recent Contract Wins ............................................................................................................................................. 186 Table 64:Krauss-MaffeiWegmann: Alliances ..................................................................................................................................................... 188 Table 65:Krauss-MaffeiWegmann: Recent Contract Wins................................................................................................................................. 188 Table 66: Iveco S.p.A.: Alliances ...................................................................................................................................................................... 190 Table 67: Iveco SpA: Recent Contract Wins ..................................................................................................................................................... 190 Table 68:Renault Truck Defense: Alliances ...................................................................................................................................................... 192 Table 69:Renault Truck Defense: Recent Contract Wins .................................................................................................................................. 192 Table 70: Hyundai Rotem: Recent Contract Wins ............................................................................................................................................. 194 Table 71:Navistar Defense – Alliances ............................................................................................................................................................. 195 Table 72:Navistar Defense: Recent Contract Wins ........................................................................................................................................... 195 Table 73:Otokar: Recent Contract Wins ............................................................................................................................................................ 196 Table 74:OtoMelara– Alliances ......................................................................................................................................................................... 199 Table 75:OtoMelara: Recent Contract Wins ...................................................................................................................................................... 200 Table 76:Panhard – Alliances ........................................................................................................................................................................... 201 Table 77:Panhard: Recent Contract Wins ......................................................................................................................................................... 201 Table 78:BAE Hagglunds – Alliances ................................................................................................................................................................ 202 Table 79:BAE Hagglunds: Recent Contract Wins ............................................................................................................................................. 202

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