'Global Armoured Vehicle Upgrades & Retrofit Worth $4.97bn in 2013' Says Visiongain

LONDON, March 4, 2013 /PRNewswire/ --

The global market for upgrades and retrofits to armoured vehicles will be worth $4.97bn in 2013, research published by industry analysts visiongain reveals today. Annual spending on systems retrofitted to armoured vehicles are expected to rise by 17.7% on their 2012 levels.

The main source of this large increase is identified in the visiongain report, entitled Global Armoured Vehicle Upgrade & Retrofit Market 2013-2023, which is in contracts to improve vehicles soon to come to the end of their service in Afghanistan. Despite looming cuts in defence expenditure, the US is calculated to have committed to programmes worth over 45% of the global armoured vehicle upgrade market in 2013 alone. As well as being concentrated in the USA, Visiongain has determined that the market is highly consolidated.

The report also provides a detailed breakdown of the sources of growth and areas of contraction in the armoured vehicle upgrade and retrofit market, including detailed ten-year budget forecasts for the 20 largest national countries. Market share has also been calculated for the top 20 companies worldwide, and is presented alongside details of contract awards from 2010 onwards/

The report's findings are reinforced by 4 exclusive interviews conducted with representatives of RPG Protection System Manufacturer AmSafe, Vehicle Optronics specialist Cassidian Optronics, armour supplier to the US MRAP upgrade programme Plasan and also Navistar Defense.

An analyst from visiongain's defence section detailed the findings of the report :

"With large cutbacks in spending continuing to affect the defence industry across Europe and America and the withdrawal of the US and its allies from Afghanistan, the expectation of contractions in the market for upgrades to armoured vehicles is unavoidable. However, due partly to the economical nature of many upgrades, as well as the planning of vehicle reset programmes, negative growth is not expected to be witnessed for several years. In fact, the USA is predicted to witness growth in the vehicle upgrade market in 2013."

The report has 185 pages and contains 196 tables, charts and graphs to explain trends and market projections within the armoured vehicle upgrade & retrofit market. As well as a global outlook, visiongain provides forecasts and analysis for 20 leading national markets (plus the 'Rest of the World' market) and 6 global submarkets for the period 2013-2023. The report also provides profiles of 20 leading companies operating in the armoured vehicle upgrade market worldwide.

The Global Armoured Vehicle Upgrade & Retrofit Market 2013-2023 is an invaluable reference for current and future investors in armoured vehicle protection and subsystems, as well as to companies and researchers who need to quickly understand the direction of both market and policy.

For further information about visiongain's report the Global Armoured Vehicle Upgrade & Retrofit Market 2013-2023' please visit http://www.visiongain.com/Report/992/Global-Armoured-Vehicle-Upgrade-Retrofit-Market-2013-2023

Contact: Sara Peerun on sara.peerun@visiongainglobal.com Tel: +44(0)20-7336-6100

Companies Listed

Airbus
AM General LLC
Amsafe Inc
ATM Computer Systeme
BAE Australia
BAE Detica
BAE Electronic Systems
BAE Intelligence & Security
BAE Land & Armaments
BAE Regional Aircraft
BAE Saudi Arabia
BAE Shared Services
BAE Support Solutions
BAE Systems
BAE Systems Land & Armaments
Boeing
Bosfor Turism Management
Botim Business Management & Trade
Cassidian Optronics GmbH
Chrysler
DDVS Dutch Defence Vehicle Systems
Diehl Defence Land Systems
Diesel Engineering Inc
The Doe Run Company
Doe Run Peru SRL
DRS Technologies
Dynamit Nobel Defence
EADS
EDO Corporation
Elbit Systems
EOS Optronics
Eurocopter
Euro-Shelter
Falck Schmidt Defence Systems
Finmeccanica Group
FN Herstal
FNSS Savunma Sistemleri A.S.
General Dynamics Corporation
General Dynamics Land Systems (GDELS)
General Motors
HDVES Helenic Defence Vehicle Systems
Honeywell International Inc
IMP Electronic Systems
International Armored Group
Inteva Products LLC
Israeli Military Industries
ITT Exelis
Iveco
Jenoptik
Karum Management & Trade
Kings of New Castle Inc
KMW Asia Pacific
KMW do Brasil
KMWS Schweisstechnik
KMW Turkey
Kongsberg Gruppen ASA
Krauss-Maffei Wegmann GmbH & Co. KG
Lockheed Martin Australia
Lockheed Martin Canada
Lockheed Martin Corporation
Lockheed Martin UK
Mahindra & Mahindra
Metravib
MKU
Navistar Defense
Navistar Inc
NBC-Sys
Nexter Group
Nexter Mechanics
Nexter Munitions
Nexter Systems
Nexter Training
Norinco
Nurol Construction
Nurol Holding Inc
Nurol Insurance Brokerage
Nurol Investment Bank
Nurol Machinery
Nurol Steel
Nurol Technologies
Optsys
Oshkosh Corporation
Oshkosh Defense
Oto Melara SpA
Otokar
OVIK
Oxley Group Ltd
Panhard General Defense
Panzer Technologies
Paramount Group
Patria
Penta
Plasan
Plasan Carbon Composites
QinetiQ Europe, Middle East & Africa
QinetiQ Group PLC
QinetiQ North America
Rafael Advanced Defense Systems
Raytheon
Raytheon Technical Services Company (RTSC)
Renault Trucks
Renault Trucks Defense
Renco Group
Rheinmetall AG
Rheinmetall Landsysteme GmbH
Rosoboronexport
Ruag
Saab
Sagem
Sandia Corporation
Selex ES
Shri Lakshmi Defence Solutions
SRCTec
Textron Marine & Land Systems
Thales Group
TransDigm Group
Tümad Mining Industries
Turser Tourism Services
Ukrspecexport SC
Unarco Material Handling Inc
Uralvagonzavod
US Magnesium LLC
Volvo Buses
Volvo Construction Equipment
Volvo Finance & Business Support
Volvo Group
Volvo Truck Sales & Marketing Americas
Volvo Truck Sales & Marketing EMEA
Volvo Truck Sales & Marketing & JVs APAC
Volvo Trucks Operations
Volvo Trucks Technology
Volvo Government Sales
Volvo Venture Capital
VR Armour Plate Components
W&E Platt
Wegmann USA Inc
Wojskowe Zaklady Motoryzacyjne (WZM)

Notes for Editors

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44(0)207-336-6100