Armored Vehicle is an integral part of the military since long-time. They are equipped with weapons ranging from light to heavy, depending on the type of Vehicle.
They are used on the battlefield to carry troops to the desired position, to engage in direct fires whenever required, to assist the military forces and also used to counter riots inside the country.
Military Armored Vehicle Market can be segmented on the basis of type, mobility, engine and geography
APC is used to carry troops quickly and safely to the position where they need to be deployed.
M113 (Food Machinery Corp) is the most popular APC and was used in the Iraq war.
They are capable of carrying infantry to the battlefield and can provide direct fire support. IFVs are typically armed with 20-40mm calibre autocannon, 7.62mm machine guns, tank missiles and surface to air missiles.
CV-9035 (Hägglunds and Bofors) is an example of IFV in from the Swedish Army.
It is a wheeled APC which can be used for patrolling and can act as a security vehicle. They are suitable during ambush protection and are mine-resistant.
ATF Dingo (KMW,Germany) of the Germany army is an example of IMV.
It is a type of AFV (Armoured Fighting Vehicle). These vehicles are used to either repair any damaged armoured vehicle in a battle or to tow them out from the danger zone for extensive repairs.
Most of the track designed armoured vehicles have amphibious capabilities. They can be used as APC powered by water jets and are laced with adequate armour.
BTR-80 (Arzamas machinery) is an example of AAV.
These vehicles don’t need a human operator and can be remotely controlled, which makes them a viable option for carrying intelligence and surveillance operations. These types of Vehicle consist of a set of sensors to observe the nearby conditions and then could act on their own or send data to the remote operator.
Sooran is India’s first Unmanned Armour Vehicle.
Wheeled type can be broadly classified into 4X4 (4WD, 4X2), 6X6 (6WD, 6X4), 8X8, 8X12.
RECENT CONTRACTS AWARDED IN MILITARY ARMORED VEHICLE MARKET
Egypt’s strategic engagements against Islamic militants in north Sinai, the participation of Saudi Arabia and UAE’s in Yemeni war and countries in the Middle East trying to secure their borders have led the Middle East countries to procure more armoured Vehicle, and the number is expected to increase amid recent tensions in the region. However, the Middle East is also trying to be self-reliant as local companies like NIMR Automotive are in trade with big players from the U.S. and Europe dealing in Technology transfer and more. However, still, it’s a long way to go.
U.S. DoD to procure 54,599 Armoured Vehicle for U.S. Army and Marine corps. With increasing border disputes with Mexico, the need for armoured Vehicle and advanced surveillance technology has improved. The US remains the net exporter of Armoured Vehicles worldwide. It exports more than 80% of armoured Vehicle to the Middle East.
European countries have increased their Defence budget and a huge chunk of this budget, which is around 23% of the total defence budget, will be used in the procurement of Armoured Vehicle.
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