Armored Vehicle Market by 2019

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• Global Armored Vehicle Market worth 28.62
  Billion by 2019

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According to the new report, the Global Armored
Vehicle Market is projected to reach 28.62
billion by 2019. The CAGR for the global armored
vehicle market is expected to register a growth
rate of 4.93 from 2014 to 2019
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Browse through the market data tables, figures
and detailed ToC on the Armored Vehicle
Market. http//www.micromarketmonitor.com/market
-report/armored-vehicle-reports-4502477959.html



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• The market size of the global armored vehicle
  market is estimated in this study, and the report
  also talks about the different sub-segments of
  the market. The report further benchmarks the
  industry against key global markets, and provides
  a detailed understanding of emerging
  opportunities in specific areas. It also
  highlights the impact analysis of market dynamics
  with factors that currently drive and restrain
  the growth of the market, along with their impact
  in the short, medium, and long-term landscapes.

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• The report also incorporates the factors that
  determine whether a country should cut down its
  expenditure or invest more in the armored
  vehicles market. It provides detailed
  expectations of growth rates and projected total
  expenditure.

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North American armored vehicle market

• The North American armored vehicle market under
  the defense segment is estimated at 8,325
  million in 2014, and is expected to reach 8,586
  million by 2019. The market is expected to grow
  at a CAGR of 0.62 in the specified period. The
  emergence of sequestration is shrinking the
  military budget enormously, which was visible in
  the current U.S. budget. The U.S. is expected to
  continue to downsize their forces and procure
  less armored vehicles, as they just got done with
  the thirteen-year Afghan war, but there will be a
  considerable level of expenditure on existing
  forces.

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• There are three major armored vehicle programs
  that are expected to continue in the next five
  years light armored vehicles, unmanned ground
  vehicles, and amphibious armored vehicles. This
  investment would help the U.S. sustain its
  position in the global armored vehicle market.
  Though its growth rate as well as share in the
  market would fall, it would continue to hold the
  highest share in the armored vehicle market.
• Browse through detailed ToC on the North America
  Armored Vehicle Market.
• http//www.micromarketmonitor.com/market/north-ame
  rica-armored-vehicle-1612838299.html

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Asia-Pacific armored vehicle market

• The Asia-Pacific armored vehicle market under the
  defense segment is estimated at 4,050 million in
  2014, and is expected to reach 6,582.60 million
  by 2019. The market is expected to grow at a CAGR
  of 10.20 in the specified period. The role of
  APAC in this diverse and fluctuating market would
  be of immense importance over the next five
  years, as it is expected that most countries from
  these regions would spend significantly on
  armored vehicle procurement. With the U.S. and
  Europe spending less on armored vehicles
  capabilities, emerging markets, such as APAC are
  expected to drive the growth in this sector in
  the upcoming years.

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• Viewing the market in a macro-economic
  perspective, the continuous boom and bust in this
  sector will show the U.S. and European markets to
  suffer due to the withdrawal of troops from
  Afghanistan and Iraq, while territorial disputes
  have come to prominence in the shadows of Chinas
  rise, resulting in increased tension in APAC.
  With the latest U.S. foreign policy of pivoting
  towards the East to offset Chinas presence, the
  demand for armored vehicles is expected to grow
  exponentially due to an increase in defense
  spending.
• Browse through detailed ToC on the Asia Pacific
  Armored Vehicle Market.
• http//www.micromarketmonitor.com/market/asia-paci
  fic-armored-vehicle-4443722079.html

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European armored vehicle market

• The European armored vehicle market under the
  defense segment is estimated at 6,300 million in
  2014, and is expected to reach 6,582.60 million
  by 2019. The market is expected to grow at a CAGR
  of 0.88 in the specified period. The global
  economic downturn was obviously resonant in
  Europe and it was clearly visible from the
  continuous defense budget cut. However it was
  observed that a lot of expenditure was made on
  land force assets during the Afghanistan war, and
  a whole range of new vehicles were introduced
  through Urgent Operational Requirements with
  heavily-protected solutions focused mainly on
  survival strategies.

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• Now, after the withdrawal of forces from
  Afghanistan, NATO allies are addressing these
  issues and giving primary importance to
  mechanized units. However, the maintenance of
  these vehicles is expensive, and keeping in mind
  the current economic scenario, the production of
  new armored vehicles for any country remains a
  big risk.

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• IEDs are predominantly posing the biggest threat
  to the security of most countries, and as
  protection from IED and CBRN threats, a
  significant amount would be invested on armored
  vehicles. Even though Europe does not have a
  chance to get back to that intensity of
  procurement in land warfare like the early 20th
  century, there remains a chance in investing in a
  high intensity military force as a part of
  coercive diplomacy.
• Browse through detailed ToC on the Europe
  Armored Vehicle Market
• http//www.micromarketmonitor.com/market/europe-ar
  mored-vehicle-2977786278.html

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Middle East armored vehicle market

• The Middle East armored vehicle market under the
  defense segment is estimated at 1,144.64 million
  in 2014, and is expected to reach 1,798.42
  million by 2019. The market is expected to grow
  at a CAGR of 16.87 in the specified period.
  Countries in the Middle East are currently
  modernizing their armored vehicles, and hence,
  along with the APAC region the Middle East is
  expected to procure a significant amount of
  armored vehicles in the coming years.

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• The Middle East region is an oil-rich zone and
  the money from oil exports constitutes a major
  share of their GDP as oil exports are
  increasing, it is expected that Middle East will
  increase their defense budget significantly
  hence the armored vehicles market is also
  expected to increase exponentially.

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• Countries such as the UAE are geographically well
  located, having access to most regions of the
  world, ensuring that trade happens very easily.
  Saudi Arabia, on the other hand, continues to be
  one of the highest defense spending nations, and
  according to secondary sources, it is the
  seventh-highest spending nation in the world.
  Qatar is expected to procure a significant number
  of armored vehicles to enhance their homeland
  security before the 2022 football world cup.
• Browse through detailed ToC on the Middle East
  Armored Vehicle Market.
• http//www.micromarketmonitor.com/market/middle-ea
  st-armored-vehicle-2634343751.html

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