Aerospace Composites Market Research Report- Global Forecast to 2023Posted by Nita on December 20th, 2021 Global Market For Armored Vehicles Is Majorly Driven By Factors Such As Rise In Commercial Security Awareness And Increasing Defense Budgets. Market Highlights
Moreover, the increase in defense funds of emerging countries reflect positively on the growth of the global armored vehicles market. Globally, North America market has emerged as the leading region in terms of value, followed by APAC and Europe. Huge defense funds, and rising investment in the R&D of modern military vehicles are some of the main drivers, which help in market growth. Affluent families in Latin America equipping their vehicles with bullet-proof windows so as to keep their families safe is a new trend. The prominent players in the armored vehicles market include General Dynamics Corporation (U.S.), BAE Systems, Plc. (U.K.), Lockheed Martin (U.S.), Elbit Systems Ltd (Israel), Textron (U.S.), WELP Armouring (Germany), Denel Land Systems (South Africa) Oshkosh Corporation (U.S.), INKAS Armored Vehicle Manufacturing (Canada) and Thales Group (France)
Market Research Future analysis projects a growth of USD 32.26 Billion for the global armored vehicles market by the end of the forecast period. Additionally, the advent of technology and improvement of multirole vehicles have also influenced the demand for armored vehicles among various law enforcement agencies worldwide. Moreover, the increase in defense funds of emerging countries reflect positively on the growth of the global armored vehicles market. Globally, North America market has emerged as the leading region in terms of value, followed by APAC and Europe. Huge defense funds, and rising investment in the R&D of modern military vehicles are some of the main drivers, which help in market growth. Affluent families in Latin America equipping their vehicles with bullet-proof windows so as to keep their families safe is a new trend. Access Report Details @ https://www.marketresearchfuture.com/reports/armored-vehicles-market-3238 Like it? Share it!More by this author |