Analyzing the Armored Vehicles Market Size: Eyes 4.1% CAGR and Forecast for 2023-28
Global Armored Vehicles Market Size, Share, Analysis, Trends Future & Forecast 2028
MarkNtel Advisors has recently released an all-encompassing report onย Global Armored Vehicles Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2028: Revealing Armored Vehicles Market Insights and Analysis
The Global Armored Vehicles Market is projected to grow at a CAGR of around 4.1% during the forecast period, i.e., 2023-28.
๐ ๐จ๐ซย ๐๐จ๐ซ๐ย ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌย ๐ข๐ง๐ญ๐จย ๐ญ๐ก๐ย ๐๐๐ซ๐ค๐๐ญ,ย ๐๐๐ช๐ฎ๐๐ฌ๐ญย ๐ย ๐๐๐ฆ๐ฉ๐ฅ๐ย ๐จ๐ย ๐ญ๐ก๐ข๐ฌย ๐๐๐ฉ๐จ๐ซ๐ญ: -ย https://www.marknteladvisors.com/query/request-sample/armored-vehicles-market.html
Key Driver: Rising Defense Budget and Cross-Border Disputes in Numerous Countries
Increasing defense expenditure and budget in several countries with rising cross-border disputes has primarily driven the market. The prevalence of conflicts, terrorist activities, and wars worldwide requires numerous countries to strengthen their military equipment and vehicles, fueling market expansion. Likewise, growing emphasis on the sustainability of military vehicles and personnel safety through added advanced safety features with increasing humanitarian missions also adds to the market acceleration. For instance,
- In April 2021, Israelโs Ministry of Defense (MOD) signed a contract with Israel Aerospace Industries (IAI) to manufacture and supply nine Z-MAG all-terrain vehicles to the Israel Defense Forces (IDF), with an option to order 21 additional units.
A Comprehensive Overview of Geographical Diversity:
the Global Armored Vehicles Market expands across:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Armored Vehicles Market Segmentation Outline:
- By Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles)
- By System (Engines, Turret Drives, Ammunition Handling Systems, Fire Control Systems, Armaments, Ballistic Armor, Countermeasure System, Command and Control System, Power System, Others)
- By Type (Electric, Conventional)
- By Mode of Operation (Manned, Unmanned)
- By Mobility (Wheeled, [4X4, 6X6, 8X8, Others], Tracked)
- By Sales Channel (OEM, Retrofit)
Competitive Outlook
L3Harris Technologies, Inc., Hanwha Group, General Dynamics Corporation, Lockheed Martin Corporation, Northrop Grumman, Oshkosh Defense, LLC, BAE Systems, Thales Group, ST Engineering, Mitsubishi Heavy Industries, Textron Systems, Denel Soc Ltd, FNSS, Arquus, Iveco Defence Vehicles, Others
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