Armored Vehicles Market worth $16.8 billion by 2023  Exculsive Market Report by MarketsandMarkets.

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Armored
Vehicles
Market worth ? Exculsive
16.8 Market
billion by 2023
Report by MarketsandMarkets.
The armored vehicles market is projected to grow
from USD 14.3 billion in 2018 to USD 16.8
billion by 2023, at a CAGR of 3.25 from 2018
to 2023.This report provides an analysis of the
armored vehicles market for the forecast period
from 2018 to 2023. It discusses industry and
technological trends that are currently
prevailing in the market. The report analyzes
the factors that are driving and
restraining the growth of the armored vehicles
market as well as the challenges faced by this
market. It also provides information on the
growth opportunities for the market. The armored
vehicles market is projected to grow from USD
14.3 billion in 2018 to USD 16.8 billion by
2023, at a CAGR of 3.25 during the forecast
period. Key factors fueling the growth of the
market are the increasing demand for armored
vehicles due to rise in the instances of cross-
border conflicts and rising incidences of
asymmetric warfare across the globe. View
detailed Table of Content here -
https//www.marketsandmarkets.com/Market-Reports/a
rmored-vehicle- market-6322755.html Based on
platform, the armored vehicles market has been
segmented into combat vehicles, combat support
vehicles, and unmanned armored ground vehicles.
The unmanned armored ground vehicles 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. 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
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demand for 4x4 light armored vehicles by military
forces to carry out Intelligence, 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. Based on system, the
market has been segmented into engines, drive
systems, ballistic armor, turret drives, fire
control systems, armaments, countermeasure
systems, Command Control (C2) systems, power
systems, navigation systems, ammunition handling
systems, observation display systems, and
hulls/frames. The C2 systems segment is projected
to lead the armored vehicles market during the
forecast period. The growth of this segment can
be attributed to the increasing focus of military
organizations on the deployment of vehicles that
can function as command posts and provide
necessary voice and data connectivity for
intelligence inputs, fire support, and
maneuvering in battlefields. Dont miss out on
business opportunities in Armored Vehicles
Market. Speak to our analyst and gain crucial
industry insights that will help your business
grow.