Military armored vehicles are a necessity in modern warfare, and the slow but consistently growing global market for such vehicles points to their importance, according to the latest market report from Visiongain. The report, “Military Armoured Vehicle Market Report 2017-2027,” with its 300 tables, charts, and graphs, makes forecasts on market sizes and spending according to types of products as well as by markets. Military vehicles include main battle tanks (MBTs), medium armored vehicles (MAVs), light protected vehicles (LPVs), and mine-resistant ambush-protected vehicle (MRAPs).
The global market for military armored vehicles had $14 billion in spending in 2017. Growth is coming as many different nations are attempting to add military strength to their forces; that growth is currently fairly slow, but expected to increase pace with time. The report provides projections over the next decade for spending in 14 leading military markets, as well as the overall global market. It also includes a chapter on the eight major companies leading the field in military armored vehicles.
About the Author
Jack Browne
Technical Contributor
Jack Browne, Technical Contributor, has worked in technical publishing for over 30 years. He managed the content and production of three technical journals while at the American Institute of Physics, including Medical Physics and the Journal of Vacuum Science & Technology. He has been a Publisher and Editor for Penton Media, started the firm’s Wireless Symposium & Exhibition trade show in 1993, and currently serves as Technical Contributor for that company's Microwaves & RF magazine. Browne, who holds a BS in Mathematics from City College of New York and BA degrees in English and Philosophy from Fordham University, is a member of the IEEE.