Armored Vehicle Market expected to expand at a CAGR of 6.9% from 2022 to 2030
Armored Vehicle Industry Overview The global armored vehicle market size is expected to reach USD 29.87 billion by 2030, growing at a CAGR of 6.9% during the forecast period, according to a new study conducted by Grand View Research, Inc. A rise in internal and external terrorism and the increasing technological advancements worldwide are expected to drive market growth over the forecast period. In February 2021, ADASI, a reputed end-to-end solution provider in the autonomous systems industry of the MENA area, revealed an armored robotic vehicle and two unmanned ground vehicles at the International Defense Exhibition and Conference. Armored Vehicle Market Segmentation Grand View Research has segmented the global armored vehicle market based on product and region: Based on the Product Insights, the market is segmented into Defense Armored Vehicle and Commercial Armored Vehicle. The Main Battle Tanks (MBTs) segment dominated the global market with...