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Follow on Google News | North America To Dominate the Global Armored Vehicle with Majority of The Market ShareAspects such as high internal and external security terrorizations as well as increased violence in countries such as Iraq, Syria and other areas in the world are majorly driving the global armored vehicle market. Moreover, rise in defense expenses particularly in developing economies, and surge in number of rental & leasing of armored cars by civilians also supports the growth of the market. Though, decreasing defense budgets in developed economies and lack of regulatory standards might decline the market from growing. Also, rising demand from commercial sector and light weight armored vehicles would generate numerous market opportunities in the upcoming years. Get Full Access to This Report @https://www.variantmarketresearch.com/ On the basis of type, technology, application and geography the global armored vehicle market is classified. Classification by type is given as light protected vehicles, armored amphibious vehicles, armored personnel carriers, main battle tanks, mine-resistant ambush protected, infantry fighting vehicles, and others. Armored personal carriers lead the type segment of the market and accounted for about 21%, in 2016. The market by technology includes active protection systems, modular ballistic armor, inter operable communication, situational awareness, active mine protection, electric armor, and vehicle information integration. Furthermore, by application, the market is categorized into military, commercial and law enforcement. Military segment dominated the market with foremost share, while commercial segment is probable to lead the market in the application segment with fastest CAGR in the forecast period i.e. 2016-2024, driven by rising popularity of armored vehicles among celebrities & VIPs and availability of armored cars on rents. Get Table of Content (TOC) @https://www.variantmarketresearch.com/ North America, Europe, Asia-Pacific and RoW are the major geographical segments of the global armored vehicle market. The largest market share of 36% was occupied by North America in the year 2016, driven by high evolution of latest technologies and modernization in defense force, followed by Europe accounting for 28%. Though, Asia Pacific is expected to rule the market with fastest CAGR throughout the forecasted period; due to increasing border conflicts and high investment on modernization of military. The key market players in the armored vehicle market include General Dynamics Corporation, International Armored Group, Rheinmetall Landsysteme GmbH, Lockheed Martin, Denel Land Systems, Thales Group, INKAS Armored Vehicle Manufacturing BAE Systems, Elbit Systems Ltd. and Oshkosh Defense, among others. Click Here to Request a Free Sample PDF of This Report @https://www.variantmarketresearch.com/ Scope of Armored Vehicle Market Type Segments • Infantry Fighting Vehicles • Light Protected Vehicles • Main Battle Tanks • Armored Personnel Carriers • Armored Amphibious Vehicles • Mine-Resistant Ambush Protected • Others Technology Segments • Inter Operable Communication • Vehicle Information Integration • Active Protection Systems • Modular Ballistic Armor • Electric Armor • Situational Awareness • Active Mine Protection Application Segments • Military • Law Enforcement • Commercial Geography Segments • North America • US • Canada • Mexico • Europe • Russia • U.K. • Germany • France • Italy • Others • Asia-Pacific • China • India • Japan • Others • RoW • South America • Middle East • Africa About Variant Market Research Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024. Contact Us: Variant Market Research Web: https://www.variantmarketresearch.com Tel: +1-415-680-2785 Tel: +91 20 65337795 Fax: +1-415-680-2786 Email: help@variantmarketresearch.com Email: sales@variantmarketresearch.com End
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