1. Report Overview
1.1. Global Military Armoured Vehicles Upgrade and Retrofit Market Overview
1.2. Why You Should Read This Report
1.3. How This Report Delivers
1.4. Key Questions Answered by This Analytical Report
1.5. Who Is This Report For?
1.6. Methodology
1.6.1. Primary Research
1.6.2. Secondary Research
1.6.3. Market Evaluation & Forecasting Methodology
1.6.4. COVID-19 Impact: Recovery Scenarios
1.6.5. Market Size Estimation
1.7. Frequently Asked Questions (FAQ)

2. Military Armoured Vehicles Upgrade and Retrofit: Executive Summary

3. Military Armoured Vehicles Upgrade and Retrofit Market: Market Outlook

3.1. Market Dynamics
3.1.1. Market Drivers
3.1.1.1. Growing incidences of asymmetric warfare and Terrorist Activities Across the Globe – In Jan 2020, A mosque on the grounds of a military training camp in Yemen was targeted with drones and missiles during evening prayers when dozens of people were inside praying.
3.1.1.2. Ageing of Military Armoured Vehicle Technology - In June 2020, Denmark's Defense Acquisition and Logistics Organization concluded the testing phase on its armoured personnel carrier (APC) replacement programme.
3.1.1.2.1. Vehicle Protection
3.1.1.2.2. Increasing Demand for Composites
3.1.1.2.3. Communication
3.1.2. Market Restraint
3.1.2.1. High Cost of Maintenance and Procurement - Technologically advanced military armoured vehicles are expensive to procure
3.1.3. Market Opportunity
3.1.3.1. Increasing Defense Spending Followed by Rising Need for Armoured Vehicle Modernization - Demand for military equipment is on the rise as governments around the globe are concentrating on military modernization
3.2. Military Armoured Vehicles Upgrade and Retrofit Market: SWOT Analysis
3.2.1. Strength - Growing incidences of asymmetric warfare and terrorist activities across the Globe
3.2.2. Weakness - Absence of major original equipment manufacturers of military armoured vehicles in the Middle East and Asia Pacific regions
3.2.3. Opportunities - Increasing defense spending in developing as well developed economies
3.2.4. Threats - Decreased military budget in a number of national markets due to coronavirus pandemic
3.3. Military Armoured Vehicles Upgrade and Retrofit Industry: PEST Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.4. COVID-19 Impact on Military Armoured Vehicles Upgrade and Retrofit Industry – Increasing healthcare spending may result in decreasing defense investment for 2020 – 2022 period.

4. Military Armoured Vehicles Upgrade and Retrofit Market by Design
4.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Design
4.1.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Design: V Shaped Recovery
4.1.2. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Design: U Shaped Recovery
4.1.3. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Design: L Shaped Recovery
4.1.4. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Design: W Shaped Recovery
4.2. Wheeled - These vehicles deliver additional tactical mobility to commanders when reacting to unforeseen situations in mountains and high altitude areas
4.2.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Wheeled: V Shaped Recovery
4.2.2. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Wheeled: U Shaped Recovery
4.2.3. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Wheeled: L Shaped Recovery
4.2.4. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Wheeled: W Shaped Recovery
4.3. Tracked - Tracked vehicles are essentially superior to wheeled vehicles in cross country environments, specifically in the areas where softer soils are found
4.3.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Tracked: V Shaped Recovery
4.3.2. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Tracked: U Shaped Recovery
4.3.3. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Tracked: L Shaped Recovery
4.3.4. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Tracked: W Shaped Recovery

5. Military Armoured Vehicles Upgrade and Retrofit Market by Type
5.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Type
5.1.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Type: V Shaped Recovery
5.1.2. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Type: U Shaped Recovery
5.1.3. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Type: L Shaped Recovery
5.1.4. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Type: W Shaped Recovery
5.2. Infantry Fighting Vehicle (IFV) Type - IFVs are designed to be more mobile than tanks and are equipped with a rapid-firing autocannon or a large conventional gun
5.2.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Infantry Fighting Vehicle (IFV) Type: V Shaped Recovery
5.2.2. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Infantry Fighting Vehicle (IFV) Type: U Shaped Recovery
5.2.3. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Infantry Fighting Vehicle (IFV) Type: L Shaped Recovery
5.2.4. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Infantry Fighting Vehicle (IFV) Type: W Shaped Recovery
5.3. Main battle tank (MBT) - Main battle tanks are considered a key component of modern armies. HENSOLDT is one of the leading players in MBT upgrade and retrofitting.
5.3.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Main battle tank (MBT) Type: V Shaped Recovery
5.3.2. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Main battle tank (MBT) Type: U Shaped Recovery
5.3.3. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Main battle tank (MBT) Type: L Shaped Recovery
5.3.4. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Main battle tank (MBT) Type: W Shaped Recovery
5.4. Armoured Personnel Carrier (APC) Type - An armoured personnel carrier (APC) is a broad type of armoured, military vehicles designed to transport personnel and equipment in combat zones.
5.4.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Armoured Personnel Carrier (APC) Type: V Shaped Recovery
5.4.2. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Armoured Personnel Carrier (APC) Type: U Shaped Recovery
5.4.3. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Armoured Personnel Carrier (APC) Type: L Shaped Recovery
5.4.4. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Armoured Personnel Carrier (APC) Type: W Shaped Recovery
5.5. Others Type
5.5.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Others Type: V Shaped Recovery
5.5.2. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Others Type: U Shaped Recovery
5.5.3. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Others Type: L Shaped Recovery
5.5.4. Military Armoured Vehicles Upgrade and Retrofit Market Outlook for Others Type: W Shaped Recovery

6. Leading National Military Armoured Vehicles Upgrade and Retrofit Market Forecasts 2020 – 2030
6.1. Global Military Armoured Vehicles Upgrade and Retrofit Market by Region, 2020 – 2030
6.1.1. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Region: V Shaped Recovery
6.1.2. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Region: U Shaped Recovery
6.1.3. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Region: L Shaped Recovery
6.1.4. Military Armoured Vehicles Upgrade and Retrofit Market Outlook by Region: W Shaped Recovery

7. North America - The rise in terrorism and violent activities in the U.S. and Canada has increased the need to integrate the latest technology into military armoured vehicles.
7.1. North America Military Armoured Vehicles Upgrade and Retrofit Market by Region, 2020 – 2030
7.1.1. North America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
7.1.2. North America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
7.1.3. North America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
7.1.4. North America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
7.2. North America Military Armoured Vehicles Upgrade and Retrofit Market by Design
7.2.1. North America Military Armoured Vehicles Upgrade and Retrofit Market by Design: V Shaped Recovery
7.2.2. North America Military Armoured Vehicles Upgrade and Retrofit Market by Design: U Shaped Recovery
7.2.3. North America Military Armoured Vehicles Upgrade and Retrofit Market by Design: L Shaped Recovery
7.2.4. North America Military Armoured Vehicles Upgrade and Retrofit Market by Design: W Shaped Recovery
7.3. North America Military Armoured Vehicles Upgrade and Retrofit Market by Type
7.3.1. North America Military Armoured Vehicles Upgrade and Retrofit Market by Type: V Shaped Recovery
7.3.2. North America Military Armoured Vehicles Upgrade and Retrofit Market by Type: U Shaped Recovery
7.3.3. North America Military Armoured Vehicles Upgrade and Retrofit Market by Type: L Shaped Recovery
7.3.4. North America Military Armoured Vehicles Upgrade and Retrofit Market by Type: W Shaped Recovery
7.4. U.S. - The U.S. Army is in the process of upgrading its Bradley Fighting Vehicles to give them the power necessary to run new networked communications and other systems
7.4.1. U.S. Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
7.4.2. U.S. Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
7.4.3. U.S. Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
7.4.4. U.S. Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
7.5. Canada - In August 2020, production on the first Armoured Combat Support Vehicle (ACSV) has begun in London, Ontario at the General Dynamics Land Systems-Canada manufacturing facilities
7.5.1. Canada Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
7.5.2. Canada Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
7.5.3. Canada Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
7.5.4. Canada Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery

8. Europe - Rising ageing military armoured vehicle fleet has prompted several European countries to invest in upgrading and retrofitting programmes to improve vehicle reliability, lethality and communication.
8.1. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Region, 2020 – 2030
8.1.1. Europe Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
8.1.2. Europe Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
8.1.3. Europe Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
8.1.4. Europe Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
8.2. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Design
8.2.1. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Design: V Shaped Recovery
8.2.2. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Design: U Shaped Recovery
8.2.3. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Design: L Shaped Recovery
8.2.4. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Design: W Shaped Recovery
8.3. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Type
8.3.1. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Type: V Shaped Recovery
8.3.2. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Type: U Shaped Recovery
8.3.3. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Type: L Shaped Recovery
8.3.4. Europe Military Armoured Vehicles Upgrade and Retrofit Market by Type: W Shaped Recovery
8.4. Germany - Continuing programmes to acquire new tracked and 8x8 wheeled armoured vehicles to provide steady demand coupled with comprehensive programme to acquire a wide range of mine-resistant vehicles is expected to drive the market.
8.4.1. Germany Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
8.4.2. Germany Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
8.4.3. Germany Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
8.4.4. Germany Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
8.5. UK - The United Kingdom is involved in a number of programmes to modernize its fleet of armoured vehicles, including one with General Dynamics to develop the SCOUT Specialist Vehicle is expected to open new opportunities.
8.5.1. UK Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
8.5.2. UK Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
8.5.3. UK Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
8.5.4. UK Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
8.6. France - GRIFFON will replace the 4x4 VAB light armoured transport vehicle while JAGUAR will replace a range of other wheeled combat vehicles in service, such as the ERC90 SAGAIE and the AMX 10RC.
8.6.1. France Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
8.6.2. France Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
8.6.3. France Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
8.6.4. France Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
8.7. Rest of Europe
8.7.1. Rest of Europe Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
8.7.2. Rest of Europe Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
8.7.3. Rest of Europe Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
8.7.4. Rest of Europe Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery

9. Asia Pacific - Developing advanced weapons systems, communication systems, and new vehicle protection / armour materials would create the need to update existing armoured vehicles in Asia Pacific
9.1. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Region, 2020 – 2030
9.1.1. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
9.1.2. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
9.1.3. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
9.1.4. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
9.2. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Design
9.2.1. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Design: V Shaped Recovery
9.2.2. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Design: U Shaped Recovery
9.2.3. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Design: L Shaped Recovery
9.2.4. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Design: W Shaped Recovery
9.3. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Type
9.3.1. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Type: V Shaped Recovery
9.3.2. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Type: U Shaped Recovery
9.3.3. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Type: L Shaped Recovery
9.3.4. Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market by Type: W Shaped Recovery
9.4. China - China North Industries Corporation (Norinco) has been increasing production and sales for domestically made armoured vehicles.
9.4.1. China Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
9.4.2. China Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
9.4.3. China Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
9.4.4. China Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
9.5. Japan - It was announced in December 2019 that the development completion date of the 8x8 Improved Wheeled Armoured Personnel Carrier intended for the Japan Ground Self-Defense Force (JGSDF) to replace the Type 96 APCs would be completed by 2021.
9.5.1. Japan Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
9.5.2. Japan Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
9.5.3. Japan Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
9.5.4. Japan Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
9.6. India - Indian vehicle manufacturer Tata Motors has supplied 585 military vehicles to a variety of African countries for use in the UN’s Multidimensional Integrated Stabilization Mission in Mali (MINUSMA).
9.6.1. India Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
9.6.2. India Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
9.6.3. India Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
9.6.4. India Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
9.7. Australia - Australia has issued a request for tender for its Land 400 Phase 3 project to replace the Australian Army’s M113AS4 armoured personnel carriers
9.7.1. Australia Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
9.7.2. Australia Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
9.7.3. Australia Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
9.7.4. Australia Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
9.8. South Korea – South Korea is currently developing and producing its own K2 MBT. It is has also sought to procure 6x6 wheeled armoured vehicles.
9.8.1. South Korea Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
9.8.2. South Korea Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
9.8.3. South Korea Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
9.8.4. South Korea Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
9.9. Rest of Asia Pacific
9.9.1. Rest of Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
9.9.2. Rest of Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
9.9.3. Rest of Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
9.9.4. Rest of Asia Pacific Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery

10. Latin America - Increasing asymmetric warfare coupled with ageing military armoured vehicles in Brazil, Argentina, Mexico, Chile, Colombia, Peru, and Ecuador is expected to open new opportunities for military armoured vehicle upgrade and retrofit manufacturers
10.1. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Region, 2020 – 2030
10.1.1. Latin America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
10.1.2. Latin America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
10.1.3. Latin America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
10.1.4. Latin America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
10.2. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Design
10.2.1. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Design: V Shaped Recovery
10.2.2. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Design: U Shaped Recovery
10.2.3. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Design: L Shaped Recovery
10.2.4. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Design: W Shaped Recovery
10.3. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Type
10.3.1. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Type: V Shaped Recovery
10.3.2. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Type: U Shaped Recovery
10.3.3. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Type: L Shaped Recovery
10.3.4. Latin America Military Armoured Vehicles Upgrade and Retrofit Market by Type: W Shaped Recovery
10.4. Brazil - Over the past few years, the country has been producing and delivering the Army’s VBTP-MR 6x6 GUARANI amphibious medium APC, a component of the wider military modernization programme and a replacement of the ageing Urutu CASCAVEL fleet.
10.4.1. Brazil Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
10.4.2. Brazil Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
10.4.3. Brazil Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
10.4.4. Brazil Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
10.5. Argentina - The Argentina army took delivery of upgraded TAM medium tanks in 2019
10.5.1. Argentina Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
10.5.2. Argentina Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
10.5.3. Argentina Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
10.5.4. Argentina Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
10.6. Mexico - The Ministry of National Defense (SEDENA) launched a procurement programme for 105 new armoured vehicles as well as a programme to upgrade its existing 119 6x6 Panhard Defense ERC 90 LYNX ARVs.
10.6.1. Mexico Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
10.6.2. Mexico Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
10.6.3. Mexico Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
10.6.4. Mexico Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
10.7. Rest of Latin America
10.7.1. Rest of Latin America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
10.7.2. Rest of Latin America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
10.7.3. Rest of Latin America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
10.7.4. Rest of Latin America Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery

11. Middle East & Africa - The Middle East & Africa accounted for nearly 15% of the global armoured vehicle fleet in 2019. Active procurement programmes in Bahrain, Saudi Arabia and the United Arab Emirates (UAE) is expected to open new avenues for military armoured vehicle upgrade and retrofit market
11.1. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Region, 2020 – 2030
11.1.1. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
11.1.2. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
11.1.3. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
11.1.4. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
11.2. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Design
11.2.1. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Design: V Shaped Recovery
11.2.2. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Design: U Shaped Recovery
11.2.3. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Design: L Shaped Recovery
11.2.4. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Design: W Shaped Recovery
11.3. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Type
11.3.1. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Type: V Shaped Recovery
11.3.2. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Type: U Shaped Recovery
11.3.3. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Type: L Shaped Recovery
11.3.4. Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market by Type: W Shaped Recovery
11.4. GCC - Streit Group has presented three types of group vehicles operated by the Bahrain Defence Forces at BIDEC 2017.
11.4.1. GCC Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
11.4.2. GCC Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
11.4.3. GCC Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
11.4.4. GCC Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
11.5. South Africa -
11.5.1. South Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
11.5.2. South Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
11.5.3. South Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
11.5.4. South Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery
11.6. Rest of Middle East & Africa
11.6.1. Rest of Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: V Shaped Recovery
11.6.2. Rest of Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: U Shaped Recovery
11.6.3. Rest of Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: L Shaped Recovery
11.6.4. Rest of Middle East & Africa Military Armoured Vehicles Upgrade and Retrofit Market Outlook: W Shaped Recovery

12. Company Profiles
12.1. Safran SA
12.1.1. Company Overview
12.1.2. Product Benchmarking
12.1.3. Safran SA: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / News / Programmes/ Acquisition/ New Product Development, 2018 – 2019
12.1.4. Financials
12.2. BAE Systems
12.2.1. Company Overview
12.2.2. Product Benchmarking
12.2.3. BAE Systems: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / News / Programmes/ Acquisition/ New Product Development, 2016 – 2020
12.2.4. Financials
12.3. Honeywell International Inc.
12.3.1. Company Overview
12.3.2. Product Benchmarking
12.3.3. Honeywell International Inc.: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / News / Programmes/ Acquisition/ New Product Development, 2015 – 2020
12.3.4. Financials
12.4. Dassault Aviation SA
12.4.1. Company Overview
12.4.2. Dassault Aviation SA: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / News / Programmes/ Acquisition/ New Product Development, 2019 – 2020
12.4.3. Financials
12.5. Elbit Systems
12.5.1. Company Overview
12.5.2. Product Benchmarking
12.5.3. Elbit Systems: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / News / Programmes/ Acquisition/ New Product Development, 2019 – 2020
12.5.4. Financials
12.6. General Dynamics Corporation
12.6.1. Company Overview
12.6.2. Product Benchmarking
12.6.3. General Dynamics Corporation: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / News / Programmes/ Acquisition/ New Product Development, 2016 – 2020
12.6.4. Financials
12.7. GE Aviation
12.7.1. Company Overview
12.7.2. GE Aviation: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / News / Programmes/ Acquisition/ New Product Development, 2015 – 2020
12.7.3. Financials
12.8. Leonardo S.p.A.
12.8.1. Company Overview
12.8.2. Product Benchmarking
12.8.3. Leonardo S.p.A.: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2018 – 2020
12.8.4. Financials
12.9. AM General
12.9.1. Company Overview
12.9.2. Product Benchmarking
12.9.3. AM General: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2016 – 2020
12.10. Oshkosh Corporation
12.10.1. Company Overview
12.10.2. Product Benchmarking
12.10.3. Oshkosh Corporation: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2017 – 2018
12.10.4. Financials
12.11. Navistar International
12.11.1. Company Overview
12.11.2. Product Benchmarking
12.11.3. Navistar International: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2016 – 2020
12.11.4. Financials
12.12. Textron
12.12.1. Company Overview
12.12.2. Product Benchmarking
12.12.3. Textron: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2016 – 2020
12.12.4. Financials
12.13. Boeing
12.13.1. Company Overview
12.13.2. Product Benchmarking
12.13.3. Boeing: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2018 – 2020
12.13.4. Financials
12.14. L-3Harris Technologies
12.14.1. Company Overview
12.14.2. Product Benchmarking
12.14.3. L-3Harris Technologies: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2016 – 2020
12.14.4. Financials
12.15. Rheinmetall
12.15.1. Company Overview
12.15.2. Product Benchmarking
12.15.3. Rheinmetall: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2019 – 2020
12.15.4. Financials
12.16. Lockheed Martin
12.16.1. Company Overview
12.16.2. Product Benchmarking
12.16.3. Lockheed Martin: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2017 – 2020
12.16.4. Financials
12.17. Raytheon Company
12.17.1. Company Overview
12.17.2. Raytheon Company: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2016 – 2020
12.17.3. Financials
12.18. RUAG Holding
12.18.1. Company Overview
12.18.2. Product Benchmarking
12.18.3. RUAG Holding: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2020
12.19. Embraer
12.19.1. Company Overview
12.19.2. Product Benchmarking
12.19.3. Financials
12.20. Northrop Grumman
12.20.1. Company Overview
12.20.2. Northrop Grumman: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2017 – 2020
12.20.3. Financials
12.21. Thales Group
12.21.1. Company Overview
12.21.2. Thales Group: Military Armoured Vehicles Upgrade and Retrofit Selected Recent Contracts / Projects / Programmes, 2017 – 2020
12.21.3. Financials

13. Conclusion & Recommendations

14. Glossary

15. Appendix