In April 2015 , BAE Systems enforced Active Damping system upgrade to CV90 combat automobile which expanded its agility by condensing the automobile ’ s pitch acceleration by approximately 40.0 %. In December 2014 , the company also declared that U . S . army has awarded armored multi-purpose vehicle contract of worth up to USD 1.2 billion .
The armor vehicle from post-world war till date are tanks , flame tank , infantry tank , cruiser tank , armored car , aerosani , scout car , reconnaissance vehicle , mortrar carrier , multiple rocket launcher , internal security vehicle , improvised fighting vehicle , troop carriers , armored personnel carrier , infantry fighting vehicle , infantry mobility vehicle , main battle tank , tankette , super-heavy tank , air defense vehicles , self-propelled artillery , amphibious vehicle , armoured engineering vehicle , assault breacher vehicle , assault gun , tank destroyer and armoured train . Ascending concern to safeguard military personnel is foreseen to drive unmanned ground military carrier demand over the forecast period .
The global armored vehicle market is expected to increase continuously as it is not only concentrated towards the defense sector but also in the commercial sector . The MRAP market has reached saturation in U . S . region , but there is a substantial amount of growth in demand in the Asia Pacific and Middle East region , as the investment in defense in these regions increased significantly in the recent times . Furthermore , these countries are taking precautionary measures to hinder various threats from cross border terrorists , civilian unrest due to contrast in ideas and rebellious groups .
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North America armored vehicle market is expected to show stagnant growth over the forecast period owing to finite defense budget . The U . S . is expected to hold over 80 % of the overall North American revenue share in 2014 . Armored vehicle market of Asia Pacific is expected to show momentous growth owing to government initiative to enhance its military power to counter internal or external terrorism and this region accounted for over 25 % of the global share in 2014 . MEA is expected to witness boost in demand owing to terrorism activity and rising dissension in Iraq .
The acquisition of armored vehicle for homeland security is also expected to increase in future . “ The Beast ” is the armored vehicle used by the president of America weighs over 10,000 lbs due to the thickness of the material used in it can withstand a missile attack and even has the capability to protect the occupants against any chemical weapons .
Growing need to protect the military personnel ’ s from mine attacks is expected to drive mine-resistant ambush protected automobile requirement over the next seven years . Tactical military carriers are constructed primarily