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装甲車のアップグレードとレトロフィットの世界市場規模:タイプ別、用途別、地域範囲別、予測

Global Armored Vehicle Upgrade And Retrofit Market Size By Type (Armored Personnel Carrier (APC), Infantry Fighting Vehicle (IFV), Mine-Resistant Ambush Protected (MRAP)), By Application (Military, Civil), By Geographic Scope And Forecast


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英文 202 Pages
納期
2~3営業日
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価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=143.73円
装甲車のアップグレードとレトロフィットの世界市場規模:タイプ別、用途別、地域範囲別、予測
出版日: 2025年05月02日
発行: Verified Market Research
ページ情報: 英文 202 Pages
納期: 2~3営業日
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概要

装甲車のアップグレードとレトロフィット市場規模と予測

装甲車のアップグレードとレトロフィット市場規模は、2024年に71億3,000万米ドルと評価され、2032年には103億7,000万米ドルに達すると予測され、4.8%のCAGRで成長します。

  • 装甲車のアップグレードとレトロフィットとは、運用寿命を延ばし性能を向上させるために、既存の軍用車両や防衛車両を改良・改造するプロセスを指します。これには、高度な技術の統合、装甲システムの更新、電子戦能力の向上、最先端の通信・ナビゲーションシステムの追加などが含まれます。
  • これらの改良の主な用途は、車両の生存性を向上させ、新しい武装システムとの相互運用性を確保し、進化する戦場の脅威に対応することです。このアプローチは、全く新しい車両を購入することなく、旧式の装甲車両が現代の戦闘状況において効果的かつ適切な状態を維持できるようにするために極めて重要です。
  • 装甲車のアップグレードとレトロフィットは、技術の飛躍的進歩と防衛要件の変化に後押しされた有望な分野です。武装勢力がより非対称的な脅威や非従来型戦争に直面するにつれて、最新兵器に対する防御力や状況認識力を高める改造に対する需要が高まっています。自律システム、複合センサー、人工知能などの新技術は、将来の車両改造において大きな役割を果たし、適応性とインテリジェンスを高めると予測されます。
  • モジュール式でスケーラブルなソリューションへの動向は今後も続くと予想され、改造の選択肢はより汎用的で費用対効果が高くなります。このような継続的な技術革新により、装甲車はさまざまな困難な作戦状況において適切であり続け、成功を収めることが保証されます。

装甲車のアップグレードとレトロフィットの世界市場力学

世界の装甲車のアップグレードとレトロフィット市場を形成している主な市場力学は以下の通り:

主な市場促進要因

  • 世界の安全保障上の脅威と紛争の増加:世界の安全保障上の脅威と紛争の増加:世界の安全保障上の懸念と地政学的緊張の高まりは、紛争が激化する中、各国が防衛力の強化を図る中で、装甲車の改良需要を押し上げています。ストックホルム国際平和研究所(SIPRI)によると、2024年の世界の軍事費は前年比3.7%増の2兆1,000億米ドルに達します。この支出の増加は、軍事即応態勢を改善し、既存の装甲車両が現代の安全保障要件に対応できるようにする必要性を強調しています。これらの車両をアップグレードすることで、各国政府は兵器の更新や戦況の変化に対応できるようになり、脅威の増大に直面して耐久性と能力を高めることができます。
  • 車両保護システムの技術的進歩:車両保護システムの技術的進歩は、装甲車のアップグレード市場をかなり牽引しています。米国国防総省は、2024会計年度に地上システム近代化のために119億米ドルの予算を計上しており、その大部分は車両のアップグレードと改修のために確保されています。この支出は、装甲材料と能動的防護技術の著しい進歩を反映しており、現代の脅威に対する車両の回復力を向上させる。これらの技術の絶え間ない進化は、新たな脅威に対する有効性を保証し、最高の乗員保護を提供するために、最新の進歩を含むように既存の車両を修正する必要があります。
  • 既存の車両をアップグレードする費用対効果:予算上の制約から、多くの国が、新しい車両を購入するよりも、既存の車両をアップグレードすることを選択しています。英国国防省は、2021年に13億ポンド(16億米ドル)を投じて課題3主力戦車を2040年まで耐用年数を延長するアップグレード・プログラムを発表しました。この戦略は、国防費と財政的制約のバランスを取る必要性から生まれたもので、既存の資産を更新する方が、新しい車両を購入するよりも費用対効果が高いことが多いからです。この戦略によって、各国はコストをより効率的に管理しながら、既存の保有車両の能力を向上させ、運用期間を延長することができます。

主な課題

  • メンテナンスとトレーニングのコスト:車両をアップグレードすると、新たなメンテナンス手順や専門的な人材育成が必要になることが多いです。新しいシステムに関するスタッフの訓練や、複雑なアップグレード部品のメンテナンスにかかる費用は、改修プログラムの総コストを増加させ、運用準備に影響を与える可能性があります。
  • 技術の陳腐化:技術の進歩が速いため、新しい技術が登場すると、更新したばかりの車両が陳腐化する可能性があります。この課題は、車両の競争力と有効性を維持するために、アップグレードと改造の継続的なサイクルを必要とし、その結果、長期的な支出と資源配分の問題が生じる可能性があります。
  • 技術統合の問題:古い装甲車に先進技術を統合することは、既存システムとの互換性の問題から困難です。アップグレードには、改良されたセンサーや通信システムなどの新技術が、旧型車両のインフラとシームレスに機能するようにすることが必要です。このため、改造の試みが複雑になり、コスト増と遅れにつながる可能性があります。
  • サプライチェーンの混乱:特に、地政学的緊張や物流の課題によって緊張した世界・サプライ・チェーンでは、車両改造に不可欠な部品や材料の入手が予測できない場合があります。サプライチェーンの混乱は、遅延やコスト上昇を引き起こし、改良された自動車のタイムリーな納入に影響を与える可能性があります。

主要動向:

  • アクティブプロテクションシステムへの投資の増加:誘導ミサイルやiEDといった現在の脅威から身を守るため、装甲車の改造に高度なアクティブプロテクションシステム(APS)を含める傾向が強まっています。この動きは、ますます複雑化し危険な戦闘環境における車両の生存性を向上させ、高度な兵器から部隊をより確実に保護したいという願望が動機となっています。
  • 自律および半自律技術の導入:運転支援システムや自動武装を含む自律・半自律技術の採用は、ますます一般的になりつつあります。この動向の目的は、運転効率を向上させ、乗員の作業負担を最小限に抑え、多くのシナリオにおいて装甲車の総合的な有効性を高めることです。
  • 持続可能性と燃料効率の重視:装甲車の改造において、持続可能性と燃料効率の重要性が増しています。この動向は、より効率的な車両が燃料の使用と排出の削減を支援するため、環境への懸念と運用経費削減の要望によって推進されています。
  • カスタマイズとユーザー固有の改造の強化:装甲車のアップグレードにおいて、カスタマイズ可能でユーザー固有の改造を提供する傾向が高まっています。この動向は、さまざまな軍部隊の個々のニーズや好みに合わせて改良を加える必要性から生じており、車両が意図された任務に最適に構成されることを保証します。

目次

第1章 世界の装甲車アップグレード&レトロフィット市場の導入

  • 市場の導入
  • 調査範囲
  • 前提条件

第2章 エグゼクティブサマリー

第3章 VERIFIED MARKET RESEARCHの調査手法

  • データマイニング
  • バリデーション
  • 一次資料
  • データソース一覧

第4章 装甲車のアップグレードとレトロフィットの世界市場展望

  • 概要
  • 市場力学
    • 促進要因
    • 抑制要因
    • 機会
  • ポーターのファイブフォースモデル
  • バリューチェーン分析

第5章 装甲車のアップグレードとレトロフィットの世界市場:タイプ別

  • 概要
  • 装甲兵員輸送車(APC)
  • 歩兵戦闘車両(IFV)
  • 地雷対応待ち伏せ防護車(MRAP)
  • 主力戦車(MBT)

第6章 装甲車のアップグレードとレトロフィットの世界市場:用途別

  • 概要
  • 軍事
  • 法執行機関
  • 非公開会社

第7章 装甲車のアップグレードとレトロフィットの世界市場:地域別

  • 概要
  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • フランス
    • その他欧州
  • アジア太平洋
    • 中国
    • 日本
    • インド
    • その他アジア太平洋地域
  • 世界のその他の地域
    • ラテンアメリカ
    • 中東

第8章 装甲車のアップグレードとレトロフィットの世界市場の競合情勢

  • 概要
  • 各社の市場ランキング
  • 主な開発戦略

第9章 企業プロファイル

  • General Dynamics Corporation
  • Rheinmetall AG
  • BAE Systems plc
  • AM General
  • CMI Group
  • Elbit Systems Ltd
  • Krauss-Maffei Wegmann
  • Thales Group
  • Textron Inc.
  • RUAG Group

第10章 付録

  • 関連調査
目次
Product Code: 34354

Armored Vehicle Upgrade And Retrofit Market Size And Forecast

Armored Vehicle Upgrade And Retrofit Market size was valued at USD 7.13 Billion in 2024 and is projected to reach USD 10.37 Billion by 2032, growing at a CAGR of 4.8% from .

  • Armored Vehicle Upgrade and Retrofit refers to the process of improving and modifying existing military and defense vehicles in order to extend their operational life and improve their performance. This includes integrating sophisticated technology, updating armor systems, increasing electronic warfare capabilities, and adding cutting-edge communication and navigation systems.
  • The primary applications of these improvements are to improve vehicle survivability, ensure interoperability with new armament systems, and respond to evolving battlefield threats. This approach is crucial for ensuring that older armored vehicles remain effective and relevant in modern combat circumstances without the need for altogether new acquisitions.
  • Armored Vehicle Upgrade and Retrofit is a promising field, driven by technology breakthroughs and changing defense requirements. As armed personnel face more asymmetric threats and unconventional warfare, there is an increased demand for modifications that boost protection against modern weaponry and situational awareness. Emerging technologies, such as autonomous systems, complex sensors, and artificial intelligence, are projected to play a big part in future vehicle modifications, increasing adaptability and intelligence.
  • The trend toward modular and scalable solutions is expected to continue, making retrofitting alternatives more versatile and cost-effective. This continuous innovation guarantees that armored vehicles stay relevant and successful in various and challenging operational contexts.

Global Armored Vehicle Upgrade And Retrofit Market Dynamics

The key market dynamics that are shaping the global Armored Vehicle Upgrade And Retrofit Market include:

Key Market Drivers:

  • Increasing Global Security Threats and Conflicts: Increasing global security concerns and geopolitical tensions are driving up demand for armored vehicle improvements, as countries seek to strengthen their defensive capabilities amid intensifying conflicts. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure would reach $2.1 trillion in 2024, up 3.7% from the previous year. This increase in spending underscores the need to improve military readiness and ensure that existing armored vehicles can address modern security requirements. Upgrading these vehicles enables governments to adapt to updated weaponry and changing battlefield circumstances, making them more durable and capable in the face of growing threats.
  • Technological Advancements in Vehicle Protection Systems: Technological advances in vehicle protection systems are considerably driving the armored vehicle upgrade market. The US Department of Defense has budgeted USD 11.9 Billion for ground systems modernization in fiscal year 2024, with a significant share set aside for vehicle upgrades and retrofits. This expenditure reflects significant advances in armor materials and active protection technologies, which improve vehicle resilience to modern threats. The constant evolution of these technologies needs modifications to existing vehicles to include the most recent advancements, assuring their effectiveness against emerging threats and providing the best crew protection.
  • Cost-Effectiveness of Upgrading Existing Fleets: Due to budget constraints, many countries choose to upgrade their existing vehicle fleets rather than purchase new ones. The UK Ministry of Defence announced a £1.3 billion (USD 1.6 Billion) upgrading program for its Challenger 3 main battle tanks in 2021, extending their service life until 2040. This strategy is motivated by the need to balance defense spending with financial constraints, as updating existing assets is frequently more cost-effective than purchasing new vehicles. It enables countries to improve the capabilities of their existing fleets and extend their operational life while controlling costs more efficiently.

Key Challenges:

  • Maintenance and Training Costs: Upgraded vehicles frequently necessitate new maintenance procedures and specialized personnel training. The expenditures of training staff on new systems and maintaining complicated upgraded components can increase the overall cost of the refit program and have an influence on operational readiness.
  • Technological Obsolescence: As technology advances at a rapid pace, freshly updated cars may become obsolete as new technologies emerge. This challenge needs a continuous cycle of upgrades and modifications to keep vehicles competitive and effective, which may result in long-term expenditures and resource allocation issues.
  • Technological Integration Issues: Integrating advanced technology into older armored vehicles be challenging owing to compatibility concerns with existing systems. Upgrading entails ensuring that new technology, such as improved sensors or communication systems, works seamlessly with the older vehicle's infrastructure. This can complicate retrofit attempts, perhaps leading to higher costs and delays.
  • Supply Chain Disruptions: The availability of essential components and materials for vehicle modifications can be unpredictable, particularly in a global supply chain strained by geopolitical tensions or logistical challenges. Supply chain disruptions can cause delays and cost increases, affecting the timely delivery of upgraded cars.

Key Trends:

  • Increased Investment in Active Protection Systems: There is a growing trend of including advanced active protection systems (APS) in armored vehicle modifications to protect against current threats such as guided missiles and IEDs. This move is motivated by the desire to improve vehicle survivability in increasingly complicated and dangerous combat settings, ensuring that forces are better protected from sophisticated weaponry.
  • Incorporation of Autonomous and Semi-Autonomous Technologies: The adoption of autonomous and semi-autonomous technologies, including driver support systems and automated arms, is becoming increasingly common. The goal of this trend is to improve operating efficiency, minimize crew workload, and raise the overall efficacy of armored vehicles in a number of scenarios.
  • Emphasis on Sustainability and Fuel Efficiency: Sustainability and fuel efficiency are increasing important in armored vehicle modifications. This trend is being driven by environmental concerns and the desire to cut operational expenses, as more efficient vehicles assist reduce fuel use and emissions.
  • Enhanced Customization and User-Specific Modifications: There is a growing trend of providing customizable and user-specific alterations in armored vehicle upgrades. This trend stems from the necessity to tailor improvements to the individual needs and preferences of various military units, ensuring that vehicles are optimally configured for their intended duties.

Global Armored Vehicle Upgrade And Retrofit Market Regional Analysis

Here is a more detailed regional analysis of the global Armored Vehicle Upgrade And Retrofit Market:

North America:

  • North America is a dominant force in the Armored Vehicle Upgrade And Retrofit Market, owing to its strong defense industry and significant military investments. The United States, a prominent actor in the region, is prioritizing the modernization of its massive armored vehicle fleet to handle emerging security challenges. The US Department of Defense's fiscal year 2024 budget request, which contains USD 842 Billion for national defense-an increase of 3.2% over the previous year-highlights the growing emphasis on preserving technological superiority in armored combat. This investment will fund major modifications and retrofits, ensuring that military vehicles remain effective against modern threats.
  • North America is additionally supported by its considerable proportion of global military spending. According to the Stockholm International Peace Research Institute (SIPRI), North America was responsible for 39% of global military spending in 2024, with the United States accounting for 37% of that total. Programs such as the United States Army's Armored Multi-Purpose Vehicle (AMPV), which aims to replace over 2,900 M113 armored personnel carriers, and the Marine Corps' Amphibious Combat Vehicle (ACV) program, which aims to procure and upgrade 632 vehicles by 2028, demonstrate the ongoing commitment to improving vehicle capabilities and extending operational lifespan. These significant investments and modernization initiatives will support continuing expansion in the region's armored vehicle upgrade and retrofit industry.

Asia Pacific:

  • The Asia-Pacific armored vehicle upgrade and refit market is rapidly expanding, owing to rising geopolitical tensions, higher defense budgets, and ongoing military modernization efforts. Countries such as India, China, and South Korea are at the forefront of this movement, investing extensively in modernizing their existing armored vehicle fleets. India's Defense Acquisition Council has allocated ₹7,800 crore (USD 950 Million) for armored improvements in 2024, while China's 2024 defense budget of 1.67 trillion yuan (USD 230.6 Billion) includes major investments in modernizing armored troops. South Korea's defense exports reached a record USD 17.3 Billion in 2024, with the K2 Black Panther tank enhancing program alone worth more than USD 820 Million.
  • Several reasons contribute to the rapid expansion of the Asia-Pacific armored vehicle upgrade market. Rising geopolitical uncertainty and the need to fight asymmetric attacks are driving up investments in complex vehicle protection and capabilities. The market's growth is driven by the increasing emphasis on modernization, as well as the requirement for improved protection, mobility, and communication systems. For instance, Australia's LAND 400 Phase 3 program, which has a budget of AUD 18-27 billion (USD 12-18 Billion), intends to improve and replace up to 450 infantry fighting vehicles over the next decade. This emphasis on improving current fleets rather than purchasing new ones is essential for tackling growing security threats while effectively managing expenses.

Global Armored Vehicle Upgrade And Retrofit Market: Segmentation Analysis

The Global Armored Vehicle Upgrade And Retrofit Market is Segmented on the basis of Type, Application, And Geography.

Armored Vehicle Upgrade And Retrofit Market, By Type

  • Armored Personnel Carrier (APC)
  • Infantry Fighting Vehicle (IFV)
  • Mine-Resistant Ambush Protected (MRAP)
  • Main Battel Tank (MBT)

Based on Type, the market is bifurcated into Armored Personnel Carrier (APC), Infantry Fighting Vehicle (IFV), Mine-Resistant Ambush Protected (MRAP), and Main Battel Tank (MBT). The Main Battle Tank (MBT) segment is currently leading the Armored Vehicle Upgrade And Retrofit Market due to its vital role in modern warfare and significant defense budget allocations for its upgrade. The MBT segment's popularity stems from constant modifications to boost firepower, protection, and battlefield efficiency. The Infantry Fighting Vehicle (IFV) segment is expanding at the fastest rate, driven by the growing demand for adaptable, mobile vehicles capable of supporting soldiers in a variety of combat scenarios. The increase in asymmetric warfare and urban fighting requirements is driving rapid improvements and expenditures in IFVs, making them a priority for modernization and retrofit efforts.

Armored Vehicle Upgrade And Retrofit Market, By Application

  • Military
  • Law Enforcement Agencies
  • Private Security Companies

Based on Application, the market is segmented into Military, Law Enforcement Agencies, and Private Security Companies. The military segment continues to dominate due to huge budget commitments and severe requirements for armored vehicle modernization to maintain combat effectiveness. The emphasis is on updating main battle tanks, armored personnel carriers, and infantry fighting vehicles to improve operational capability. The Private Security Companies market is expanding at the fastest rate, owing to rising security demands for high-risk areas and vital infrastructure. As private security firms face growing dangers and require innovative protection solutions, they are spending heavily on improved armored vehicles to improve operating efficiency and safety.

Armored Vehicle Upgrade And Retrofit Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
  • On the basis of Geography, the Global Armored Vehicle Upgrade And Retrofit Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America now dominates the armored vehicle upgrade and refit market, owing to its huge and well-established defense sector. The Asia-Pacific area is experiencing the highest development, owing to rising geopolitical tensions, increased defense spending, and modernization efforts in countries such as India, China, and South Korea.

Key Players

The "Global Armored Vehicle Upgrade And Retrofit Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are General Dynamics Corporation, Rheinmetall AG, BAE Systems plc, AM General, CMI Group, Elbit Systems Ltd, Krauss-Maffei Wegmann, Thales Group, Textron, Inc., RUAG Group. Oshkosh Corporation, FNSS Savunma Sistemleri, Nexter Group, and Patria Group.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

  • Armored Vehicle Upgrade And Retrofit Market Recent Developments
  • In May 2024, FNSS Defence Systems won a contract to upgrade Turkey's ACV-15 AAPCs. The goal was to increase their service life and performance. FNSS intended to outfit the vehicles with new systems to increase their versatility and ability to deal with modern threats.
  • In April 2024, the German Army granted Rheinmetall AG and Krauss-Maffei Wegmann (KMW) a contract to modernize 143 Puma infantry fighting vehicles. The businesses committed to improving the vehicles' weaponry and command and control capabilities, with a completion date of 2029.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL ARMORED VEHICLE UPGRADE AND RETROFIT MARKET

  • 1.1 Introduction of the Market
  • 1.2 Scope of Report
  • 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

  • 3.1 Data Mining
  • 3.2 Validation
  • 3.3 Primary Interviews
  • 3.4 List of Data Sources

4 GLOBAL ARMORED VEHICLE UPGRADE AND RETROFIT MARKET OUTLOOK

  • 4.1 Overview
  • 4.2 Market Dynamics
    • 4.2.1 Drivers
    • 4.2.2 Restraints
    • 4.2.3 Opportunities
  • 4.3 Porters Five Force Model
  • 4.4 Value Chain Analysis

5 GLOBAL ARMORED VEHICLE UPGRADE AND RETROFIT MARKET, BY TYPE

  • 5.1 Overview
  • 5.2 Armored Personnel Carrier (APC)
  • 5.3 Infantry Fighting Vehicle (IFV)
  • 5.4 Mine-Resistant Ambush Protected (MRAP)
  • 5.5 Main Battel Tank (MBT)

6 GLOBAL ARMORED VEHICLE UPGRADE AND RETROFIT MARKET, BY APPLICATION

  • 6.1 Overview
  • 6.2 Military
  • 6.3 Law Enforcement Agencies
  • 6.4 Private Security Companies

7 GLOBAL ARMORED VEHICLE UPGRADE AND RETROFIT MARKET, BY GEOGRAPHY

  • 7.1 Overview
  • 7.2 North America
    • 7.2.1 U.S.
    • 7.2.2 Canada
    • 7.2.3 Mexico
  • 7.3 Europe
    • 7.3.1 Germany
    • 7.3.2 U.K.
    • 7.3.3 France
    • 7.3.4 Rest of Europe
  • 7.4 Asia Pacific
    • 7.4.1 China
    • 7.4.2 Japan
    • 7.4.3 India
    • 7.4.4 Rest of Asia Pacific
  • 7.5 Rest of the World
    • 7.5.1 Latin America
    • 7.5.2 Middle East

8 GLOBAL ARMORED VEHICLE UPGRADE AND RETROFIT MARKET COMPETITIVE LANDSCAPE

  • 8.1 Overview
  • 8.2 Company Market Ranking
  • 8.3 Key Development Strategies

9 COMPANY PROFILES

  • 9.1 General Dynamics Corporation
    • 9.1.1 Overview
    • 9.1.2 Financial Performance
    • 9.1.3 Product Outlook
    • 9.1.4 Key Developments
  • 9.2 Rheinmetall AG
    • 9.2.1 Overview
    • 9.2.2 Financial Performance
    • 9.2.3 Product Outlook
    • 9.2.4 Key Developments
  • 9.3 BAE Systems plc
    • 9.3.1 Overview
    • 9.3.2 Financial Performance
    • 9.3.3 Product Outlook
    • 9.3.4 Key Developments
  • 9.4 AM General
    • 9.4.1 Overview
    • 9.4.2 Financial Performance
    • 9.4.3 Product Outlook
    • 9.4.4 Key Developments
  • 9.5 CMI Group
    • 9.5.1 Overview
    • 9.5.2 Financial Performance
    • 9.5.3 Product Outlook
    • 9.5.4 Key Developments
  • 9.6 Elbit Systems Ltd
    • 9.6.1 Overview
    • 9.6.2 Financial Performance
    • 9.6.3 Product Outlook
    • 9.6.4 Key Developments
  • 9.7 Krauss-Maffei Wegmann
    • 9.7.1 Overview
    • 9.7.2 Financial Performance
    • 9.7.3 Product Outlook
    • 9.7.4 Key Developments
  • 9.8 Thales Group
    • 9.8.1 Overview
    • 9.8.2 Financial Performance
    • 9.8.3 Product Outlook
    • 9.8.4 Key Developments
  • 9.9 Textron Inc.
    • 9.9.1 Overview
    • 9.9.2 Financial Performance
    • 9.9.3 Product Outlook
    • 9.9.4 Key Developments
  • 9.10 RUAG Group
    • 9.10.1 Overview
    • 9.10.2 Financial Performance
    • 9.10.3 Product Outlook
    • 9.10.4 Key Developments

10 Appendix

  • 10.1 Related Research