Global Armored Vehicles Market 2022 – 2030

The armored vehicle market is expected to grow at a compound annual growth rate of 6.36% during the forecast period. The market is expected to reach USD 27.83 billion by the year 2030 from USD 18.9 billion in the year 2021. These vehicles are combat vehicles that are armed which provide protection due to their shield against shrapnel, weapons, missiles, projectiles, and bullets. Constant research and development have been instrumental in coming up with innovations and developments in the technologies used for military vehicles.

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