Armored vehicles are combat vehicles armed with weapons and forms an important part of military operations. These vehicles provide the forces engaging in combat with improved advantages in terms of mobility, firepower and protection. The social concern about security is a major driver for the armored vehicle market.
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An armored fighting vehicle is combat and has a strong armor that protects it. It is generally armed with arms and has capabilities such as operational mobility, is defensive and tactical offensive. The vehicles can be tracked or wheeled. An armored civilian car in the UK is used for security purposes in which the standard vehicle window glass is replaced with bulletproof glasses and layers of armor plates are inserted into ... Read more
An armored fighting vehicle is combat and has a strong armor that protects it. It is generally armed with arms and has capabilities such as operational mobility, is defensive and tactical offensive. The vehicles can be tracked or wheeled. An armored civilian car in the UK is used for security purposes in which the standard vehicle window glass is replaced with bulletproof glasses and layers of armor plates are inserted into ... Read more
Armored Vehicles Market by End User (Commercial (SUV, Sedan, Limousine, Bus/Van, Others) & Defense (Wheeled Armored, Tracked Armored)), Technology (Active, Passive), by Region (North America, Europe, Middle East & Africa, South America)-Forecast till 2023
Market Scenario
Armored vehicles are security vehicles used to transport armed security. Armored vehicles were only owned and used by military, law enforcement, and ministers, but ... Read more
Armored Vehicles Market by End User (Commercial (SUV, Sedan, Limousine, Bus/Van, Others) & Defense (Wheeled Armored, Tracked Armored)), Technology (Active, Passive), by Region (North America, Europe, Middle East & Africa, South America)- Forecast till 2023
Global Armored Vehicles Market is estimated to witness a CAGR of more than 3% during the forecast period till 2023
Increasing defense budgets, particularly in asia pacific, is anticipated to drive growth. Goodwill of the industry participants is expected to play a key role in contract allotments. Advancements such as increased fuel efficiency and efficient armor material are expected to fuel industry growth over the next seven years. Limited budget for military spending particularly in north america and europe may pose a challenge to the armored vehicle industry over the forecast period.
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