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Armored Vehicles Market Set to Reach $34.1 Billion USD by 2027

Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Type (Electric, Conventional), Mobility (Wheeled, Tracked), Systems, Mode of Operation, Point of sale, Region - Forecast to 2027<br>

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Armored Vehicles Market Set to Reach $34.1 Billion USD by 2027

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  1. Armored Vehicles Market Set to Reach $34.1 Billion USD by Armored Vehicles Market Set to Reach $34.1 Billion USD by 2027: Combat Vehicles 2027: Combat Vehicles & &Advanced ISR Technologies Propel Advanced ISR Technologies Propel Growth, North America Dominates Growth, North America Dominates The Global Armored Vehicles Market is set to achieve a valuation of $34.1 billion USD by 2027, according to the latest market research report titled "Armored Vehicles Market by Platform, Type, Mobility, Systems, Mode of Operation, Point of Sale, Region - Forecast to 2027." The market is expected to witness a compound annual growth rate (CAGR) of 3.1% from 2022 to 2027, driven by factors such as the rising demand for armored vehicles in addressing cross-border conflicts and the enhancement of Intelligence, Surveillance, and Reconnaissance (ISR) capabilities of defense forces. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6322755 Key Market Players in the Armored Vehicles Market: The leading players in the armored vehicles market include Oshkosh Corporation (US), Hanwha Defense (South Korea), Northrop Grumman Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), Rheinmetall AG (Germany), and others. The report also covers industry trends and technological innovations in the armored vehicles market spanning the period 2019-2027. ISR and Target Acquisition Capabilities Drive Technological Innovation: With the increasing need for heightened monitoring of water and land borders, defense forces globally are seeking improved ISR and target acquisition capabilities. The report highlights the role of robots as an alternative to humans in enhancing cross-border surveillance and intelligence gathering. Companies such as Northrup Grumman Corporation (US), the Boeing Company (US), IAI (Israel), and Textron Inc. (US) are actively developing military robots equipped with advanced ISR and target acquisition capabilities. Combat Vehicles Segment Leads Market Growth: The report projects the combat vehicles segment to lead the armored vehicles market by platform during the forecast period. The combat vehicles segment, covering light armored vehicles (LAVs), main battle tanks (MBTs), infantry fighting vehicles (IFVs), among others, is expected to grow from USD 17.7 billion in 2022 to USD 20.2 billion by 2027, with a CAGR of 2.7%. North America Dominates the Armored Vehicles Market:

  2. In 2022, North America emerged as the leader in the armored vehicles market, with the United States accounting for the largest share of the regional market. The North American region is poised for significant growth, fueled by a focus on armored vehicle procurement, particularly in overseas operations undertaken by the US. The US stands out as the largest developer, operator, and exporter of armored vehicles globally, solidifying North America's position as a key consumer in the global armored vehicles market. Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=632275 5 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one ofAmerica’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visitwww.MarketsandMarkets™.comor onTwitter,LinkedInandFacebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email:sales@marketsandmarkets.com follow us

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