About Defense Tanks
Defence tank is an armored fighting vehicle, which used as a primary offensive weapon in front-line ground combat in battle. Tank are designs in which a way that it can balance heavy firepower, strong Armor. However it has strong battlefield mobility which can provided by tracks and powerful engine which is mounted in a turret. They has excellent strength in Defence and Military industry. Geographically, Europe region has have been recognized as highly growing market with higher production of defence tanks. Moreover, this market is consolidate market but growing country is focusing more on defence, which is driving the market over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
General Dynamics Corporation, BAE Systems Plc, Hyundai Rotem, Rostec, and Nexter group KNDS are some of the key players in the main battle tanks market. Strategic partnership between key players help to the transfer of technology between the players and help them to gain a higher market share by attracting new customers and sale revenue. For instance, Germany's Krauss-Maffei wegmann gmbh and France's nexter systems have donecollaboration in order to produce next-generation battle tanks which will replace the Leopard 2 Tanks of Germany in upcoming year. Such partnerships helps to boost the growth of the revenues of the players. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lockheed Martin Corp (United State), Boeing (United State), Raytheon (United State), BAE Systemsuk (United State), Northrop Grumman Corp (United State), General Dynamics Corp (United State), Airbus group Trans (European), Thales (France), Leonardo (Italy), Almaz-Antey (Russia), United Technologies Corp (United State) and L3 Technologies (United State) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Defense Tanks market by and Region.
On the basis of geography, the market of Defense Tanks has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Light tank will boost the Defense Tanks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel, the sub-segment i.e. Diesel will boost the Defense Tanks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Advancement, the sub-segment i.e. Leopard 2a7 will boost the Defense Tanks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of drone’s technology and Advanced bulletproof tanks
Market Growth Drivers:
Very quick asphalt and dirt roads and Huge speed
Challenges:
Initial investment is high and Raw material cost is high
Restraints:
Poor off roading ability and Due to Lightweight, it has less level of protection
Opportunities:
More job opportunities and Increased the GDP of country
Market Leaders and their expansionary development strategies
In March 2023, Israeli defense company Elbit Systems and American defense company Raytheon Technologies announced a partnership to develop and produce a new active protection system (APS) for armored vehicles. The new APS, which will be called the Iron Fist, will be designed to intercept and destroy incoming anti-tank missiles and rockets.
In November 2023, US Army tests has launched new active protection system for Abrams tank. The US Army tested a new active protection system (APS) for its Abrams tank. The APS is designed to intercept incoming anti-tank missiles and rocket-propelled grenades (RPGs).
Key Target Audience
OEM (Original equipment manufacturer), Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.