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Armored Vehicles Market worth $17.90 billion by 2025

The report "Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Mobility (Wheeled, Tracked), System (Engine, Drive Systems, Ballistic Armor, Turret Drive, C2 Systems), Region - Global Forecast to 2023" The armored vehicles market is projected to grow from USD 14.31 billion in 2018 to USD 17.90 billion by 2025, at a CAGR of 3.25% from 2018 to 2025.

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Armored Vehicles Market worth $17.90 billion by 2025

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  1. The report "Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Mobility (Wheeled, Tracked), System (Engine, Drive Systems, Ballistic Armor, Turret Drive, C2 Systems), Region - Global Forecast to 2023" The armored vehicles market is projected to grow from USD 14.31 billion in 2018 to USD 17.90 billion by 2025, at a CAGR of 3.25% from 2018 to 2025. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6322755 “By platform, the combat vehicles segment expected to lead the armored vehicles market, during the forecast period” Based on platform, the armored vehicles market has been segmented into combat vehicles, combat support vehicles, and unmanned armored ground vehicles. The unmanned armored ground vehicles segment is projected to grow at a higher CAGR during the forecast period as compared to the combat vehicles and combat support vehicles segment. Increasing demand for unmanned systems for warfare role is one of the major factors for the growth of this segment. Major contracts for ammunition in 2019: The U.S. Army has awarded BAE Systems two contract modifications worth up to USD 575 million for the low-rate initial production of the Armored Multi- Purpose Vehicle (AMPV). Indian Ministry of Defence has approved USD 1.93 billion procurement of 464 Russian-made T-90MS main battle tanks (MBTs) from Rosoboronexport, Russia. Czech Republic has awarded a contract to supply 62 TITUS 6x6 armored vehicles to Nexter Systems.    “By size, the wheeled segment to grow the highest CAGR during the forecast period” Based on mobility, the market has been segmented into wheeled and tracked. The wheeled armored vehicles segment is projected to grow at the highest growth rate during the forecast period. There has been high demand of 4X4 light armored vehicles by military for ISR, transportation, and other warfare roles; thus, leading to its higher demand.

  2. Increase in the procurement of Armored Fighting Vehicles will lead to the growth of combat platforms in armored vehicles market from 2018-2025 “North America is projected to lead the armored vehicles market during the forecast period” The Armored vehicles market in North America is projected to lead the armored vehicles market during the forecast period. The growth of this market can be attributed to the increasing investments to develop highly advance and scalable armored vehicles with strong ballistic capabilities. Investments are mainly driven by US which is issuing contracts for new product development. US is also procuring light armored vehicles in huge numbers and also upgrading its fleet of main battle tanks and armored fighting vehicles with lethal capabilities. US’ continuous involvement in various conflicts around the world has increased the demand for armored vehicles in North American region. Study Coverage The report segments and analyzes the ammunition market based on Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Mobility (Wheeled, Tracked), and System (Engine, Drive Systems, Turret Drives, Ammunition Handling Systems, Fire Control Systems, Armaments, Countermeasure Systems, Power Systems, Navigation Systems, Observation & Display Systems, Ballistic Armor, Turret Drive, C2 Systems, Hulls/Frames). The market for tracked armored vehicles is expected to grow at the CAGR of 3.3% during the forecast period. Competitive Landscape The competitive landscape chapter provides an overview of the prevailing competitive scenario and benchmarking of growth strategies adopted by of key players. This chapter offers a comprehensive micro quadrant analysis of more than 25 players in seat manufacturing industry and start-up matrix for start-up companies in this industry. It provides the positioning of players as visionary leaders, innovators, emerging companies, and dynamic differentiators. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=6322755 Key Market Players Major players profiled in the report on the ammunition market include Northrop Grumman (Orbital ATK Inc.) (US), General Dynamics Corporation (US), Olin Corporation (US), BAE Systems (UK), Nammo AS (Norway), RUAG (RUAG Ammotec) (Switzerland), Nexter (France), Vista Outdoor Inc. (US), and Rheinmetall AG (Germany), among others.

  3. Don’t miss out on business opportunities in Armored Vehicles Market. Speak to our analyst and gain crucial industry insights that will help your business grow. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: Newsletter@marketsandmarkets.com

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