Press release
Armored Vehicle Market is Expected to Grow at a CAGR of 2.9% during 2023-2032
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An armored vehicle is a type of vehicle designed to protect its occupants from a variety of threats, including small arms fire, improvised explosive devices, and large-caliber projectiles. Armored vehicles can be either wheeled or tracked, and are usually produced in a number of specialized variants, such as personal transport vehicles, infantry fighting vehicles, and tank destroyers.
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Market drivers and trends
Armored vehicles provide protection against small arms, mines and improvised explosive devices (IEDs). These vehicles are used by the military, law enforcement and private security companies. Increasing terrorist attacks and cross-border conflicts are major factors driving the demand for armored vehicles.
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Major Players
The major players studied in the report are BAE Systems., General Dynamics Corporation, INKAS Armored Vehicle Manufacturing, International Armored Group, Krauss-Maffei Wegmann GmbH & Co., Lenco Armored Vehicles, Lockheed Martin Corporation, Oshkosh Corporation, Inc., and Rheinmetall AG , STREIT group, etc.
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