Military Light Utility Vehicle Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A truck or other vehicle designed for carrying small loads is the basic definition of utility vehicles. The military light utility vehicle is a small in size manufactured for military. They are relatively light and short compared to other cars and trucks. The military light utility vehicles are unarmored and have small body projections for all-terrain mobility and capacity of at least 4 passenger.
MARKET SCOPE
The "Global Military Light Utility Vehicle Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military light utility vehicle market with detailed market segmentation by product type, application and geography. The report provides key statistics on the market status of the leading military light utility vehicle market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global military light utility vehicle market is segmented into 4 passenger capacity, more than 4 passenger capacity
- On the basis of application, the market is segmented into defence, commercial
MARKET DYNAMICS
Drivers
- The growing demand for military light utility vehicle from commercial sector is one of the major factor boosting the market.
- Increase in the demand of weapons in several developing countries is one of the major factor boosting the demand of military light utility vehicles in defense segment.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The military light utility vehicle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the military light utility vehicle market in these regions.
IMPACT OF COVID-19 ON MILITARY LIGHT UTILITY VEHICLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The military light utility vehicle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the military light utility vehicle market in these regions.
IMPACT OF COVID-19 ON MILITARY LIGHT UTILITY VEHICLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the military light utility vehicle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from military light utility vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for military light utility vehicle in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military light utility vehicle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AM GENERAL LLC
- Mercedes-Benz
- Mahindra Emirates Vehicle Armoring Fz LLC (MEVA)
- BAE Systems
- IVECO DEFENCE VEHICLES
- URO VehÃculos Especiales S.A.
- General Dynamics Land Systems
- Thales Group
- Lockheed Martin Corporation
- Elbit Systems Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Military Light Utility Vehicle Market - By Product Type
1.3.2Military Light Utility Vehicle Market - By Applications
1.3.3Military Light Utility Vehicle Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.MILITARY LIGHT UTILITY VEHICLE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.MILITARY LIGHT UTILITY VEHICLE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.MILITARY LIGHT UTILITY VEHICLE MARKET - GLOBAL MARKET ANALYSIS
6.1.MILITARY LIGHT UTILITY VEHICLE - GLOBAL MARKET OVERVIEW
6.2.MILITARY LIGHT UTILITY VEHICLE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.MILITARY LIGHT UTILITY VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 â" PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.4 PASSENGER CAPACITY
7.3.1.Overview
7.3.2.4 Passenger Capacity Market Forecast and Analysis
7.4.MORE THAN 4 PASSENGER CAPACITY
7.4.1.Overview
7.4.2.More than 4 Passenger Capacity Market Forecast and Analysis
8.MILITARY LIGHT UTILITY VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATIONS
8.1.OVERVIEW
8.2.APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3.DEFENCE
8.3.1.Overview
8.3.2.Defence Market Forecast and Analysis
8.4.COMMERCIAL
8.4.1.Overview
8.4.2.Commercial Market Forecast and Analysis
9.MILITARY LIGHT UTILITY VEHICLE MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Military Light Utility Vehicle Market Overview
9.1.2North America Military Light Utility Vehicle Market Forecasts and Analysis
9.1.3North America Military Light Utility Vehicle Market Forecasts and Analysis - By Product Type
9.1.4North America Military Light Utility Vehicle Market Forecasts and Analysis - By Applications
9.1.5North America Military Light Utility Vehicle Market Forecasts and Analysis - By Countries
9.1.5.1United States Military Light Utility Vehicle Market
9.1.5.1.1United States Military Light Utility Vehicle Market by Product Type
9.1.5.1.2United States Military Light Utility Vehicle Market by Applications
9.1.5.2Canada Military Light Utility Vehicle Market
9.1.5.2.1Canada Military Light Utility Vehicle Market by Product Type
9.1.5.2.2Canada Military Light Utility Vehicle Market by Applications
9.1.5.3Mexico Military Light Utility Vehicle Market
9.1.5.3.1Mexico Military Light Utility Vehicle Market by Product Type
9.1.5.3.2Mexico Military Light Utility Vehicle Market by Applications
9.2.EUROPE
9.2.1Europe Military Light Utility Vehicle Market Overview
9.2.2Europe Military Light Utility Vehicle Market Forecasts and Analysis
9.2.3Europe Military Light Utility Vehicle Market Forecasts and Analysis - By Product Type
9.2.4Europe Military Light Utility Vehicle Market Forecasts and Analysis - By Applications
9.2.5Europe Military Light Utility Vehicle Market Forecasts and Analysis - By Countries
9.2.5.1Germany Military Light Utility Vehicle Market
9.2.5.1.1Germany Military Light Utility Vehicle Market by Product Type
9.2.5.1.2Germany Military Light Utility Vehicle Market by Applications
9.2.5.2France Military Light Utility Vehicle Market
9.2.5.2.1France Military Light Utility Vehicle Market by Product Type
9.2.5.2.2France Military Light Utility Vehicle Market by Applications
9.2.5.3Italy Military Light Utility Vehicle Market
9.2.5.3.1Italy Military Light Utility Vehicle Market by Product Type
9.2.5.3.2Italy Military Light Utility Vehicle Market by Applications
9.2.5.4United Kingdom Military Light Utility Vehicle Market
9.2.5.4.1United Kingdom Military Light Utility Vehicle Market by Product Type
9.2.5.4.2United Kingdom Military Light Utility Vehicle Market by Applications
9.2.5.5Russia Military Light Utility Vehicle Market
9.2.5.5.1Russia Military Light Utility Vehicle Market by Product Type
9.2.5.5.2Russia Military Light Utility Vehicle Market by Applications
9.2.5.6Rest of Europe Military Light Utility Vehicle Market
9.2.5.6.1Rest of Europe Military Light Utility Vehicle Market by Product Type
9.2.5.6.2Rest of Europe Military Light Utility Vehicle Market by Applications
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Military Light Utility Vehicle Market Overview
9.3.2Asia-Pacific Military Light Utility Vehicle Market Forecasts and Analysis
9.3.3Asia-Pacific Military Light Utility Vehicle Market Forecasts and Analysis - By Product Type
9.3.4Asia-Pacific Military Light Utility Vehicle Market Forecasts and Analysis - By Applications
9.3.5Asia-Pacific Military Light Utility Vehicle Market Forecasts and Analysis - By Countries
9.3.5.1Australia Military Light Utility Vehicle Market
9.3.5.1.1Australia Military Light Utility Vehicle Market by Product Type
9.3.5.1.2Australia Military Light Utility Vehicle Market by Applications
9.3.5.2China Military Light Utility Vehicle Market
9.3.5.2.1China Military Light Utility Vehicle Market by Product Type
9.3.5.2.2China Military Light Utility Vehicle Market by Applications
9.3.5.3India Military Light Utility Vehicle Market
9.3.5.3.1India Military Light Utility Vehicle Market by Product Type
9.3.5.3.2India Military Light Utility Vehicle Market by Applications
9.3.5.4Japan Military Light Utility Vehicle Market
9.3.5.4.1Japan Military Light Utility Vehicle Market by Product Type
9.3.5.4.2Japan Military Light Utility Vehicle Market by Applications
9.3.5.5South Korea Military Light Utility Vehicle Market
9.3.5.5.1South Korea Military Light Utility Vehicle Market by Product Type
9.3.5.5.2South Korea Military Light Utility Vehicle Market by Applications
9.3.5.6Rest of Asia-Pacific Military Light Utility Vehicle Market
9.3.5.6.1Rest of Asia-Pacific Military Light Utility Vehicle Market by Product Type
9.3.5.6.2Rest of Asia-Pacific Military Light Utility Vehicle Market by Applications
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Military Light Utility Vehicle Market Overview
9.4.2Middle East and Africa Military Light Utility Vehicle Market Forecasts and Analysis
9.4.3Middle East and Africa Military Light Utility Vehicle Market Forecasts and Analysis - By Product Type
9.4.4Middle East and Africa Military Light Utility Vehicle Market Forecasts and Analysis - By Applications
9.4.5Middle East and Africa Military Light Utility Vehicle Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Military Light Utility Vehicle Market
9.4.5.1.1South Africa Military Light Utility Vehicle Market by Product Type
9.4.5.1.2South Africa Military Light Utility Vehicle Market by Applications
9.4.5.2Saudi Arabia Military Light Utility Vehicle Market
9.4.5.2.1Saudi Arabia Military Light Utility Vehicle Market by Product Type
9.4.5.2.2Saudi Arabia Military Light Utility Vehicle Market by Applications
9.4.5.3U.A.E Military Light Utility Vehicle Market
9.4.5.3.1U.A.E Military Light Utility Vehicle Market by Product Type
9.4.5.3.2U.A.E Military Light Utility Vehicle Market by Applications
9.4.5.4Rest of Middle East and Africa Military Light Utility Vehicle Market
9.4.5.4.1Rest of Middle East and Africa Military Light Utility Vehicle Market by Product Type
9.4.5.4.2Rest of Middle East and Africa Military Light Utility Vehicle Market by Applications
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Military Light Utility Vehicle Market Overview
9.5.2South and Central America Military Light Utility Vehicle Market Forecasts and Analysis
9.5.3South and Central America Military Light Utility Vehicle Market Forecasts and Analysis - By Product Type
9.5.4South and Central America Military Light Utility Vehicle Market Forecasts and Analysis - By Applications
9.5.5South and Central America Military Light Utility Vehicle Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Military Light Utility Vehicle Market
9.5.5.1.1Brazil Military Light Utility Vehicle Market by Product Type
9.5.5.1.2Brazil Military Light Utility Vehicle Market by Applications
9.5.5.2Argentina Military Light Utility Vehicle Market
9.5.5.2.1Argentina Military Light Utility Vehicle Market by Product Type
9.5.5.2.2Argentina Military Light Utility Vehicle Market by Applications
9.5.5.3Rest of South and Central America Military Light Utility Vehicle Market
9.5.5.3.1Rest of South and Central America Military Light Utility Vehicle Market by Product Type
9.5.5.3.2Rest of South and Central America Military Light Utility Vehicle Market by Applications
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.MILITARY LIGHT UTILITY VEHICLE MARKET, KEY COMPANY PROFILES
11.1.AM GENERAL LLC
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.MERCEDES-BENZ
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.MAHINDRA EMIRATES VEHICLE ARMORING FZ LLC (MEVA)
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.BAE SYSTEMS
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.IVECO DEFENCE VEHICLES
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.URO VEHÃCULOS ESPECIALES S.A.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.GENERAL DYNAMICS LAND SYSTEMS
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.THALES GROUP
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.LOCKHEED MARTIN CORPORATION
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.ELBIT SYSTEMS LTD
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. AM GENERAL LLC
2. Mercedes-Benz
3. Mahindra Emirates Vehicle Armoring Fz LLC (MEVA)
4. BAE Systems
5. IVECO DEFENCE VEHICLES
6. URO VehÃculos Especiales S.A.
7. General Dynamics Land Systems
8. Thales Group
9. Lockheed Martin Corporation
10. Elbit Systems Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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