January 29, 2020
Armored Cars

Global Armored Cars Market: Analysis, Size, and Forecast to 2024

Armored vehicles Summary

The armored vehicles market is projected to grow from USD 14.6 billion in 2019 to USD 16.7 billion by 2026, at a CAGR of 3.28% from 2020to 2026. Growing demand for armored vehicles due to a rise in the instances of cross-border conflicts and increasing incidences of asymmetric warfare across the globe are major factors driving the growth of the armored vehicles market. However, the absence of major OEMs of armored vehicles in the Middle East and Asia Pacific region and occurrence of mechanical, electrical, and other kinds of failure in armored vehicles are projected to hinder the growth of the market

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Armored vehicles Type. :

  • Light Protected Vehicles
  • Infantry Fighting Vehicles
  • Armored Personnel Carriers
  • Armored Amphibious Vehicles
  • Main Battle Tanks

Demand Coverage Market Size & Forecast, Consumer Distribution :

  • Military
  • Civil
  • Commercial

Company Coverage Sales data, Main Products & Services, etc. :

  • The Raytheon Company
  • INKAS Armored Vehicle Manufacturing
  • Krauss-Maffei Wegmann GmbH & Co. KG
  • STREIT Group
  • Oshkosh Corporation
  • Elbit Systems Ltd.
  • BAE Systems plc
  • Lockheed Martin Corporation
  • Rheinmetall Defence
  • General Dynamics Corporation
  • International Armored Group
  • Rolls-Royce

Major Region Market

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

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