AMA Research, a global market research and consulting organization, have released a new study titled "Armored Vehicles market - Global outlook to 2027". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Armored Vehicles market to grow at a CAGR of %.
The Technology, such as Active, is boosting the Armored Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Armored Vehicles market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising Activities of Terrorism and Armed Violence around the Globe and Rising Demand for Rental and Leasing Protected Van Services and Militarization of law Enforcement Agencies. †
Armored Vehicle refers to an armed combat vehicles protected by armour and are used in the battle field. This rapid growth attributed to the increasing military expenditures of major economies of the region and rise in incidence of terrorism is expected to propel the market for Armored vehicles. Technological advancements in the use and utility of unmanned ground vehicles, artificial intelligence, virtual training and survivability equipment will lead to increase the market growth for Armored Vehicles.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Armored Vehicles market by Type (Wheeled Armored Vehicles, Tracked Armored Vehicles and Others), by Application (Defence [Main Battle Tank, Light Protected Vehicles, Amphibious Armored Vehicles, Mine Resistant Ambush Protected, Infantry Fighting Vehicles, Armored Personnel Carriers and Others] and Commercial [SUV, Sedan, Limousine, Bus/Van and Others]) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market