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Report
Middle East and Africa 8X8 Armoured Vehicle Market Report and Forecast 2024-2032
Market Report I 2023-12-19 I 205 Pages I EMR Inc.
Middle East and Africa 8X8 Armoured Vehicle Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Middle East and Africa 8X8 armoured vehicle market is projected to grow at a CAGR of 5.20% between 2024 and 2032. Aided by the escalating regional security concerns and the technological advancements in defense vehicle manufacturing, the market is expected to grow significantly by 2032.
The 8X8 armoured vehicle, an integral component of modern defence systems, is an eight-wheeled military vehicle used for multiple purposes including, but not limited to, troop transportation, reconnaissance, and combat. These vehicles are particularly valued for their combination of mobility, protection, and firepower. The turbulent geopolitical climate in several parts of the Middle East and Africa necessitates the deployment of such vehicles, thereby influencing the Middle East and Africa 8X8 armoured vehicle market outlook.
In recent years, there has been an increasing demand for advanced defence solutions in the Middle East and Africa, prompted by regional conflicts, peacekeeping missions, and anti-terrorist operations. The need for highly mobile and protected military units has catalysed the demand for 8X8 armoured vehicles, capable of navigating challenging terrains while offering protection against multiple threats.
The integration of state-of-the-art technology into these armoured vehicles is another pivotal factor spurring Middle East and Africa 8X8 armoured vehicle market growth. Advanced communication systems, enhanced firepower capabilities, night vision systems, and integrated command and control systems are now standard features in newly manufactured 8X8 armoured vehicles, enhancing their efficacy on the battlefield.
Moreover, the collaborative efforts between Middle Eastern and African countries with global defence giants have led to customised vehicle designs tailored to address region-specific challenges. Joint ventures and partnerships have not only facilitated technology transfer but have also aided in the indigenisation of defence production in several nations.
Furthermore, the rise in defence budgets across several countries in the region reflects the commitment to upgrading military hardware, including the procurement and modernisation of 8X8 armoured vehicles. Nations like Saudi Arabia, UAE, and South Africa have been at the forefront of such initiatives, demonstrating the potential for market expansion.
Nevertheless, the inherent need for securing national borders, peacekeeping missions under the aegis of international bodies, and regional collaborations for shared defence goals will continue to fuel the Middle East and Africa 8X8 armoured vehicle market demand. As the region grapples with a mix of conventional and asymmetric threats, the 8X8 armoured vehicle will remain an indispensable asset in the defence arsenal, ensuring that the market trajectory remains upward.
Market Segmentation
The market can be divided based on product, application, and country.
Market Breakup by Product
- Armoured Personnel Carrier (APC)
- Infantry Fighting Vehicle (IFV)
- Light Protected Vehicle (LPV)
- Main Battle Tank (MBT)
- Mine-Resistant Ambush-Protected (MRAP)
- Tactical Vehicle
- Others
Market Breakup by Application
- Defence
- Homeland Security
- Commercial
Market Breakup by Country
- Saudi Arabia
- Iran
- Egypt
- South Africa
- Turkey
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Middle East and Africa 8X8 armoured vehicle market. Some of the major players explored in the report by Expert Market Research are as follows:
- BAE Systems
- General Dynamics European Land Systems
- Iveco Defence Vehicles
- Rheinmetall AG
- International Armored Group
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Middle East and Africa
7 Opportunities and Challenges in the Market
8 Global 8X8 Armoured Vehicle Market Overview
8.1 Key Industry Highlights
8.2 Global 8X8 Armoured Vehicle Historical Market (2018-2023)
8.3 Global 8X8 Armoured Vehicle Market Forecast (2024-2032)
8.4 Global 8X8 Armoured Vehicle Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Middle East and Africa 8X8 Armoured Vehicle Market Analysis
9.1 Key Industry Highlights
9.2 Middle East and Africa 8X8 Armoured Vehicle Historical Market (2018-2023)
9.3 Middle East and Africa 8X8 Armoured Vehicle Market Forecast (2024-2032)
9.4 Middle East and Africa 8X8 Armoured Vehicle Market by Product
9.4.1 Armoured Personnel Carrier (APC)
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Infantry Fighting Vehicle (IFV)
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Light Protected Vehicle (LPV)
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Main Battle Tank (MBT)
9.4.4.1 Historical Trend (2018-2023)
9.4.4.2 Forecast Trend (2024-2032)
9.4.5 Mine-Resistant Ambush-Protected (MRAP)
9.4.5.1 Historical Trend (2018-2023)
9.4.5.2 Forecast Trend (2024-2032)
9.4.6 Tactical Vehicle
9.4.6.1 Historical Trend (2018-2023)
9.4.6.2 Forecast Trend (2024-2032)
9.4.7 Others
9.5 Middle East and Africa 8X8 Armoured Vehicle Market by Application
9.5.1 Defence
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Homeland Security
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Commercial
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.6 Middle East and Africa 8X8 Armoured Vehicle Market by Country
9.6.1 Saudi Arabia
9.6.2 Iran
9.6.3 Egypt
9.6.4 South Africa
9.6.5 Turkey
10 Regional Analysis
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Iran
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Egypt
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 South Africa
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Turkey
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code- 871000)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BAE Systems
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 General Dynamics European Land Systems
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Iveco Defence Vehicles
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Rheinmetall AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 International Armored Group
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global 8X8 Armoured Vehicle Market: Key Industry Highlights, 2018 and 2032
2. Middle East and Africa 8X8 Armoured Vehicle Market: Key Industry Highlights, 2018 and 2032
3. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Intensity (USD Million), 2018-2023
4. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Intensity (USD Million), 2024-2032
5. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Product (USD Million), 2018-2023
6. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Product (USD Million), 2024-2032
7. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Application (USD Million), 2018-2023
8. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Application (USD Million), 2024-2032
9. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Country (USD Million), 2018-2023
12. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Country (USD Million), 2024-2032
13. Middle East and Africa Historical Price Trends and Forecast 2018-2028
14. Middle East and Africa 8X8 Armoured Vehicle Market Structure
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