Military Armoured Vehicles market set to grow to $26.2bn by 2028, says new study

Tuesday 2 October 2018, Amsterdam

The new report evaluates the global military armoured vehicle market and forecasts its development between 2018 and 2028. The analysts believe that the Armoured Vehicle market will grow slowly but steadily over the forecast period as long term defence procurement programmes related to military armoured vehicles slow down. Whilst there are a number of programmes requiring new fleets of military armoured vehicle – The Joint Light Tactical Vehicle (JLTV) Programme being a notable example - the study anticipates that the majority of spending over the next decade will be heavily focused on upgrading existing fleets of vehicles and their internal mechanisms.

The report analyst commented "The arms race developing between east and west, has led Visiongain to publish this timey report. The Armoured Vehicle market is expected to flourish in the next few years because of Russian and Chinese advances and also because platform life cycle expiry is expected to feed through in the latter part of the decade driving growth to new heights. If you want to be part of this growing industry, then read on to discover how you can maximise your investment potential."