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(2023-2032) Armored Vehicles Market And Major Key Players Are BAE Systems, Oshkosh Corp., International Armored Group, General Dynamics Land Systems, Textron
Armored Vehicles Market
As per the armored vehicles market report by The Business Research Company, increased military spending is expected to fuel the growth of the armored vehicle market over the forecast period. Countries around the world are investing in the military because of their conflicts and rivalries with other nations. Military expenditure covers operations, maintenance, arms acquisition, armored vehicles, and military research and development.
The global armored vehicles market size will grow from $11.73 billion in 2022 to $12.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global armored vehicles market size is expected to grow to $15.34 billion in 2027 at a CAGR of 5.1%.
Read More On The Armored Vehicles Market Report Here:
https://www.thebusinessresearchcompany.com/report/armored-vehicles-global-market-report
Major competitors in the armored vehicles market include BAE Systems, Oshkosh Corp., International Armored Group, General Dynamics Land Systems, Textron, Rheinmetall, Lockheed Martin, Krauss-Maffei Wegmann, INKAS Armored Vehicle, Elbit Systems, IVECo., Lenco Industries, Navistar, Thales Group, STREIT Group, UralVagonZavod, Ukroboronprom, NORINCo., BMW, Ford Motor Company, The Raytheon and Mitsubishi Heavy Industries and Hyundai
The armored vehicles market is segmented -
By Vehicle Type: Armored Personnel Carrier, Infantry Fighting Vehicle, Main Battle Tanks, Tactical Truck, Bus, Others
By Platform: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles
By System: Engine, Drive System, Ballistic Armor, Fire Control System (FCS), Armaments, Ammunition Handling System, Countermeasure System, Command and Control System, Others
By Mobility: Tracked, Wheeled, 4X4, 6X6, 8X8, Others
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the armored vehicles market.
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The armored vehicle is a self-propelled, weaponized military vehicle used for combat operations. The armored vehicles combine operational mobility with offensive and defensive capabilities. the main vehicle types of armored vehicles are armored personnel carriers, infantry fighting vehicles, main battle tanks, tactical trucks, buses, and others. An armored personnel carrier is a type of armored military vehicle used to transport personnel and equipment in combat zones. The various platforms include combat vehicles, combat support vehicles, unmanned armored ground vehicles, and the different systems involved are the engine, drive system, ballistic armor, fire control system (FCS), armaments, ammunition handling system, countermeasure system, command and control system, and others. By mobility, the armored vehicles are classified into tracked, wheeled, 4x4, 6x6, 8x8, and others.
The Table Of Content For The Armored vehicles market Include:
1. Executive Summary
2. Armored Vehicles Market Characteristics
3. Armored Vehicles Market Trends And Strategies
4. Armored Vehicles Market - Macro Economic Scenario
5. Armored Vehicles Market Size And Growth
......
26. Africa Armored Vehicles Market
27. Armored Vehicles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Armored Vehicles Market
29. Armored Vehicles Market Future Outlook and Potential Analysis
30. Appendix
The "Global Armored vehicles market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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