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Armored Vehicles Market.pdf


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Armored Vehicles Market

Global armored vehicles market worth USD24.8
billion in 2016
As per the research, the global market for armored vehicles is likely to grow
from USD24.8 billion in 2016 to USD36.6 billion by 2023. With increasing
security concerns in the Asia-Pacific region and rising political disputes
across the globe, the demand for armored vehicles is expected to gain
traction during the forecast period. The increasing demand for light or
medium-sized armored vehicles for combat operations has resulted in the
widespread adoption of wheeled-type armored vehicles. This is expected to
further propel the demand for armored vehicles during the forecast period.