Armored vehicle market forecast to reach $26.79 billion by 2022
“The global armored vehicle market size was estimated at USD 22.2 billion in 2014. Increasing focus to safeguard soldiers from any external and internal threat is anticipated to favor industry growth�
The global armored vehicle market is expected to reach USD 26.79 billion by 2022, according to a new report by Grand View Research, Inc. Increasing defense expenditure worldwide to improve military capabilities is expected to contribute to revenue growth. Rising internal and external terrorism activity worldwide is expected to drive industry demand over the forecast period. Technology advancements such as unmanned vehicles are expected to fuel market growth. Increased focus of government such as India, China and the U.S. will contribute to industry growth. Detailed Research Report available at: http://www.grandviewresearch.com/industry-analysis/armored-vehicle-market
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