Page 26 - ADT NOVEMBER - DECEMBER 2021 Online Magazine

generally spending more on defence compared [ LAND SYSTEMS ]
to previous decades and looking to acquire
armoured vehicles to strengthen tactical and
combat capabilities. Major North American
Burgeoning and European contractors still dominate the
Demand of 5.4 per cent until 2027, but in recent years,
market that is set to grow at a healthy CAGR
smaller companies have stated to chip away
at the market share enjoyed by major contrac-
tors such BAE Systems, General Dynamics and

THE MARKET GETS INCREASINGLY CROWDED AS Rheinmetall.
MILITARIES AROUND THE WORLD CONTINUE TO Egypt Makes its Presence Felt
Among the countries making inroads into
INVEST IN NEW ARMOURED PLATFORMS armoured vehicles market is Egypt. In yet
another sign of the Egyptian indigenous
defence industry coming of age, the country
Arun Sivasankaran has commenced mass production of Sinai-200
and ST-500 armoured vehicles. Homemade,
With many militaries around in the world, including those in Asia, both vehicles were showcased for the first
Europe, and North America, in the midst of either overhauling their time at the inaugural Egypt Defence Exhibition
armored platforms or adding to their fleet, the market for armoured (EDEX) in Cairo in 2018 and entered Egyptian
personnel carriers (APCs) and armoured fighting vehicles (AFVs) Army service in 2019. The vehicles are built
looks primed for substantial growth over the current decade. by International Marathon United Technology
Group (IMUT), formerly SAKSA Technologies
While a number of major Western European nations are now in before it moved from South Africa to Egypt in
the midst of an overhaul of their fleets, the U.S., China, and India 2018 and was rebranded in partnership with
are also busy adding to their fleet of armoured vehicles. Spurring the Egyptian military.
further market growth is the fact that emerging economies are The ST-500 is capable of a top speed of 120-

26 | November / December 2021 WWW .GBP .COM.SG/ ADT