{"id":60501,"date":"2020-08-07T23:30:00","date_gmt":"2020-08-07T23:30:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2697577"},"modified":"2020-08-07T23:30:00","modified_gmt":"2020-08-07T23:30:00","slug":"armored-vehicles-market-worth-15-4-billion-by-2025","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/08\/07\/armored-vehicles-market-worth-15-4-billion-by-2025\/","title":{"rendered":"Armored Vehicles Market Worth $15.4 Billion by 2025"},"content":{"rendered":"<p>According to the new market research report<strong>&#8220;<\/strong><strong>Armored Vehicles Marketby Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Mobility (Wheeled, Tracked), System (Engine, Drive Systems, Ballistic Armor, C2 Systems, Mode of Operation, Region &#8211; Global Forecast to 2025&#8243;,<\/strong>published by MarketsandMarkets<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png\" alt=\"&trade;\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/>, the Armored Vehicles Marketsize is projected to grow from<span class=\"xn-money\">USD 11.6 billion<\/span>in 2020 to<span class=\"xn-money\">USD 15.4 billion<\/span>by 2025, at a CAGR of 5.8% from 2020 to 2025. Increasing demand for armored vehicles due to the rise in the instances of cross-border conflicts and increasing incidences of asymmetric warfare across the globe are major factors driving the growth of the armored vehicles market.<\/p>\n<p><strong>Ask for PDF Brochure:<\/strong><a href=\"https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=6322755#utm_source=icrowdnewswire&amp;utm_medium=referral&amp;utm_campaign=paidpr\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=6322755<\/a><\/p>\n<p><strong>&#8220;Based on the platform, the combat vehicles segment is expected to lead the armored vehicles market during the forecast period.&#8221;<\/strong><\/p>\n<p>Based on the platform, the armored vehicles market has been segmented into combat vehicles, combat support vehicles, and unmanned armored ground vehicles. The unmanned armored ground vehicle segment is projected to grow at the highest CAGR during the forecast period. Increasing demand for unmanned systems in battlefields is fueling the growth of this segment of the market.<\/p>\n<p><strong>&#8220;Based on mobility, the wheeled segment of the armored vehicles market is projected to grow at a higher CAGR as compared to the tracked segment from 2020 to 2025.&#8221;<\/strong><\/p>\n<p>Based on mobility, the market has been segmented into wheeled and tracked. The wheeled segment is projected to grow at a higher CAGR as compared to the tracked segment during the forecast period. Increased demand for 4&#215;4 light armored vehicles by military forces to carry outIntelligence, Surveillance, and Reconnaissance(ISR) activities and transport defense personnel and equipment from one location to another is fueling the growth of this segment of the market.<\/p>\n<p><strong>&#8220;The North American region is projected to lead the armored vehicles market during the forecast period.&#8221;<\/strong><\/p>\n<p>The North American region is projected to lead the armored vehicles market from 2020 to 2025. The growth of the market in this region can be attributed to the increasing investments being made by countries of the region to develop highly advanced and scalable armored vehicles with strong ballistic capabilities. These investments are mainly driven by the US, which is issuing contracts for the development and launch of new products. The US is also procuring light armored vehicles in large numbers and is also upgrading its fleet of main battle tanks and armored fighting vehicles with lethal capabilities. The continuous involvement of the US in various conflicts across the globe has increased the demand for armored vehicles in the North American region.<\/p>\n<p><em>Browsein-depth TOC on<\/em><strong>&#8220;<\/strong><a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/armored-vehicle-market-6322755.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Armored Vehicles Market<\/a>&#8220;<strong><br class=\"dnr\" \/>341 &ndash; Tables<br class=\"dnr\" \/>72 &ndash; Figures<br class=\"dnr\" \/>327 &ndash; Pages<\/strong><\/p>\n<p><strong>Inquiry Before Buying:<\/strong><a href=\"https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=6322755#utm_source=icrowdnewswire&amp;utm_medium=referral&amp;utm_campaign=paidpr\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=6322755<\/a><\/p>\n<p>Major players operating in this market include Oshkosh Corporation (US), UralVagonZavod (<span class=\"xn-location\">Russia<\/span>), Ukroboronprom (<span class=\"xn-location\">Ukraine<\/span>), General Dynamics Corporation (US), BAE Systems plc (UK), NORINCO (<span class=\"xn-location\">China<\/span>), Rheinmetall AG (<span class=\"xn-location\">Germany<\/span>), and Textron Inc. (US).<\/p>\n<p>The report segments and analyzes the armored vehicles market based on platform (combat vehicles, combat support vehicles, and unmanned armored ground vehicles), mobility (wheeled and tracked), system (engines, drive systems, ballistic armor, turret drives, fire control systems, armaments, countermeasure systems, Command &amp; Control (C2) systems, power systems, navigation systems, ammunition handling systems, observation &amp; display systems, and hulls\/frames). It maps these segments and subsegments across five major regions, namely<span class=\"xn-location\">North America<\/span>,<span class=\"xn-location\">Europe<\/span>,<span class=\"xn-location\">Asia Pacific<\/span>, the<span class=\"xn-location\">Middle East<\/span>, and the Rest of the World (RoW).<\/p>\n<p><strong>Related Reports:<\/strong><\/p>\n<p><a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/artillery-system-market-69844596.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Artillery Systems Market<\/a>by Type (Howitzer, Mortar, Anti-air, Rocket), Component (Gun Turret, Engine, Fire Control System, Ammunition Handling System, Chassis, Auxiliary System), Caliber (Small, Medium, Heavy), Range, Region &#8211; Global Forecast to 2022<\/p>\n<p><a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/turret-system-market-33751132.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Turret System Market<\/a>by Platform (Land, Naval, Airborne), Type (Manned, Unmanned), Component (Turret Drive, Turret Control Unit, Stabilization Control), and Region &#8211; Global Forecast to 2022<\/p>\n<p class=\"tags\">Tags: <a href=\"https:\/\/icrowdnewswire.com\/tag\/armored-vehicles-market\/\" rel=\"tag\">Armored Vehicles Market<\/a><\/p>\n<div><strong>See Campaign: <\/strong><a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/armored-vehicle-market-6322755.html\" target=\"_blank\">https:\/\/www.marketsandmarkets.com\/Market-Reports\/armored-vehicle-market-6322755.html<\/a><br \/><b>Contact Information:<\/b><br \/>Mr. Aashish Mehra<br \/>\nMarketsandMarkets<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png\" alt=\"&trade;\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/> INC.<br \/>\n630 Dundee Road<br \/>\nSuite 430<br \/>\nNorthbrook, IL 60062<br \/>\nUSA: +1-888-600-6441<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/icn_internal_distribution\/\" rel=\"category tag\">iCN Internal Distribution<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/extended-distribution\/\" rel=\"category tag\">Extended Distribution<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/research-newswire\/\" rel=\"category tag\">Research Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Mr. Aashish Mehra<br \/>\nMarketsandMarkets\u2122 INC.<br \/>\n630 Dundee Road<br \/>\nSuite 430<br \/>\nNorthbrook, IL 60062<br \/>\nUSA: +1-888-600-6441<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to the new market research report&nbsp;&ldquo;Armored Vehicles Market&nbsp;by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Mobility (Wheeled, Tracked), System (Engine, Drive Systems, Ballistic Armor, C2 Systems, Mode of Operation, Region &ndash; Global Forecast to 2025&Prime;,&nbsp;published by MarketsandMarkets&trade;, the Armored Vehicles Market&nbsp;size is projected to grow from&nbsp;USD 11.6 billion&nbsp;in 2020 to&nbsp;USD 15.4 &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/08\/07\/armored-vehicles-market-worth-15-4-billion-by-2025\/\">Continue reading <span>Armored Vehicles Market Worth $15.4 Billion by 2025<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/08\/07\/armored-vehicles-market-worth-15-4-billion-by-2025\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5,67,4,54],"tags":[],"class_list":["post-60501","post","type-post","status-publish","format-standard","hentry","category-english","category-extended-distribution","category-icn-internal-distribution","category-research-newswire","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - 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