Military Armored Vehicles and MRO Market - 3.71% CAGR Forecast to2026 August 2016 | Page 4
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The Global Military Armored Vehicles and MRO Market 2016-2026
* Key Findings
* The global military armored vehicles and MRO market is expected to value US$22.5
billion in 2016, and will grow at a CAGR of 3.71%, to value US$32.4 billion by 2026.
* The market is split into six segments: MBTs, IFVs, APCs, MRAPs, LMVs, and tactical trucks.
IFVs will lead the market, with a share of 32.2%, followed by the MBT segment,
accounting for a share of 25.8%. APC is projected to be the third largest segment with a
share of 17.4%, followed by LMVs with a share of 11.1%. Tactical trucks and MRAPs are
projected to capture 8.3% and 5.2% of the global market during 2016-2026.
* The Asia Pacific region is projected to lead the global armored vehicles and MRO market
during 2016-2026, with a share of 26.8% of the global market. North America and Europe
are also expected to account for a significant portion of the total military armoured
vehicles and MRO market during the forecast period, with shares of 24.8% and 23.9%
respectively
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