Armored Vehicle Market Size, Share, Upcoming Trends and Gross Margin Analysis up to 2022
29 th April 2019: 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 ma...