Vehicle Armor Market Trends, Business Overview, Industry Growth and Forecast to 2028

Vehicle Armor Market size valued at USD 6 billion in 2020 and will grow at a CAGR of 4% between 2022 and 2028. The rising government spending on the defense sector to strengthen armament power will propel the industry growth.
Rising military expenditures will accelerate the pace of procurement of armored vehicles in the upcoming years. The global military expenditure increased by over 7% during 2010 to 2019. Increasing conflicts and unstable political situations will change the course of combat operations. Global terrorism is another major threat faced by many countries, compelling them to strengthen their armaments. Additionally, growing concerns associated with small ballistic arms will generate the need for efficient vehicle armors by land armament sectors.

 

Key Players

• BAE Systems
• Elbit Systems
• General Dynamics
• Iveco
• Krauss-MaffeiWegmann
• Lockheed Martin

 

By Type

 

• Wheeled Combat Vehicle
• Tracked Combat Vehicle

 

By Application

 

• Long Distance
• Short Distance

 

Scope of the Report

The research study analyses the Vehicle Armor Market from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage 

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Vehicle Armor Market Report

• What was the Vehicle Armor Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of the Vehicle Armor Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Vehicle Armor Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.