Market Insight
Armoured Personnel Carrier (APC) also termed as armoured combat vehicle, armoured car or infantry mobility vehicle is an armored vehicle designed to carry troops and equipment into the battlefield. APCs weigh less than the infantry fighting vehicles and main battle tanks, and hence are more mobile. Unlike the infantry fighting vehicles (IFV), APCs do not to take part in direct-fire battle and are primarily designed for transport. However, they are lightly armed for self-defence and are armored for protection against shrapnel, small arms and artillery fire. Furthermore, certain types of APCs are used by non-military organizations as well.
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Key Players
The key players in the Global Armoured Personnel Carrier Market are BAE Systems plc (UK), Krauss-Maffei Wegmann GmbH & Co. KG (Germany), Rheinmetall AG (incl. ARTEC GmbH (Germany)), Katmerciler A.S. (Turkey), Patria Oyj (Finland), General Dynamics Corporation (US), Otokar Otomotiv ve Savunma Sanayi A.? (Turkey), Military Industrial Company (Russia), KMDB A.A. Morozova (part of Ukroboronprom (Ukraine)), ST Kinetics Ltd. (Singapore), Terradyne Armored Vehicles Inc. (Canada), FNSS Savunma Sistemleri A.?. (Turkey), DRB-HICOM Defence Technologies Sdn. Bhd. (DefTech (Malaysia)), Paramount Group (South Africa), Iveco – Oto Melara Consortium (Italy) and Hanwha Defense Systems (South Korea).
Market Segment
Global Armoured Personnel Carrier Market has been segmented based on type, configuration, end-user and region.
Based on type, the armoured personnel carrier market is divided into wheeled and tracked. The tracked segment accounted for the largest market size while the wheeled segment is projected to witness the highest CAGR during the forecast period. Wheeled armoured personnel carriers are light, cheap, consumes less fuel, travels longer distances, faces less wear and are more flexible and deployable than traditional tracked vehicles.
Based on configuration, the Armoured Personnel Carrier Market is divided into amphibious and non-amphibious. The non-amphibious segment is estimated to account for the largest market share while the amphibious segment is projected to witness a higher CAGR during the forecast period. The amphibious armoured personnel carriers reduce logistical demands and enables ship to shore maneuvers.
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