Armoured vehicles are specifically constructed vehicles with advanced protection systems to withstand ballistic and explosive attacks. These vehicles are mostly employed for military missions such as troop transport, combat operations, reconnaissance, and mine detecting. They are also used by law enforcement authorities to preserve public order and ensure the safety of prominent individuals. The armoured vehicle market in the Middle East and Africa region includes a diverse range of goods such as main battle tanks, armoured personnel carriers, mine-resistant ambush protected (MRAP) vehicles, and more.
Middle East and Africa Armored Vehicles Market Driving Factors and Challenges
Driving Factors-
Modern Military Technology Integrated into Military Land Vehicles: The Middle East and Africa are seeing a surge in the use of military ground vehicles due to emerging military technology. Unmanned ground vehicles are being employed more and more to support logistics and conduct investigations without endangering human life. The adoption of electric and hybrid vehicles is driven by their increased shielding capabilities, quiet operation, and fuel efficiency. In addition to altering armoured vehicles, self-governing and networked technologies are also driving up demand for them.
Challenges-
Restricted Funds for Defence: Middle Eastern and African defence budget constraints could impede the procurement and modernisation of military land vehicles, resulting in fewer vehicles overall, delayed delivery, and a lack of funds for cutting edge technology. Reliance on overseas vendors presents difficulties with regard to expenses, limitations on import and export, transfer of technology, and maintenance assistance. A lack of a developed local defence sector, challenging terrain, and inadequate infrastructure further restrict the ability to customise vehicles for particular operating requirements.
Impact of COVID-19 on Middle East and Africa Armored Vehicles Market
Supply Chain Disruption: As a result of the epidemic, deliveries of armoured vehicles and related parts have been delayed globally. Schedules for production were impacted by the temporary stoppage or slowdown of manufacturing activities.
Budgetary Reallocation: The pandemic has put the region's governments in a difficult financial situation. Defence spending has been reprioritised as a result of budgetary reallocation, which may have an effect on armoured vehicle purchase plans.
Growing Need for interior Security: As a result of the pandemic, border control and interior security are receiving more attention. Law enforcement and border security forces have seen a sharp increase in demand for armoured vehicles as a result.
Middle East and Africa Armored Vehicles Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Mahindra Emirates Vehicle Armouring FZ-LLC, NIMR Automotive (EDGE Group PJSC), Streit Group, Rheinmetall AG, IAI, Oshkosh Corporation, BMC Otomotiv Ticaret ve Sanayi A.Ş, BAE Systems plc, Koç Holding A.Ş, Denel SOC Ltd.
Middle East and Africa Armored Vehicles Market Segmentation:
By Type: Based on the Type, Middle East and Africa Armored Vehicles Market is segmented as; Main Battle Tank (MBT), Infantry Fighting Vehicle (IFV), Armored Personnel Carrier (APC).
By Region: This research also includes data for South Africa, United Arab Emirates, Egypt, Rest of Middle East and Africa
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.