Market Revenue Armored Vehicle Industry Value Chain Analysis

Armored Vehicle Industry Value Chain Analysis By Application,
Share, Type From 2012-2022
“Armored Vehicle Market is projected to reach USD 26.79 billion by 2022,
Armored vehicles are protected by very strong armor and generally armed
with robust weapons which combine defensive, tactical offensive and
operation mobility capabilities which can be tracked easily.”
The global Armored Vehicle Market is projected to reach USD 26.79 billion by 2022, Armored vehicles are
protected by very strong armor and generally armed with robust weapons which combine defensive, tactical
offensive and operation mobility capabilities which can be tracked easily. The key drivers for global armor
vehicle market are rapid demand of armored vehicles in developing nation, viable conflicts in global scenario,
preeminent importance given to homeland securities and growing conflicts within several nations. This market
was at its peak during 2007-2012 when US government was battling terrorism against Iraq and Afghanistan. The
top-notch priority at this point of time is given to the soldiers guarding our country and to protect them from
the severe mine attacks, special kind of vehicles were introduced such as Mine Resistant Ambush Protected
Vehicles (MRAPs). Till 2012, over 42000 vehicles were produced.
Defense sector is contributing towards the major market share in this industry. Two regions i.e. Europe and US
contributes majorly towards the armored vehicle market as they are developed nations. The key players in the
global armored vehicle market are Oshkosh Defense, BAE Systems, Rheinmetall and Navistar, and most of them
are from Europe and US. The major challenge for this industry is that it is majorly dependent on the defense
sector. The demand for armored vehicle is increasing in Asia Pacific, Africa and Middle East region due to the
continuous tension with their neighboring countries, recent economic booms and internal threat from rebels in
this region. The key product for this market is expected to be Main Battle Tanks (MBT) which is accounting for
over 25% of the overall revenue share in 2014.
Request Sample Copy of this Market Research @
https://www.millioninsights.com/industry-reports/armored-vehicle-market/request-sample