Global Armoured Vehicles Market to Reach £8.10bn in 2013

The latest defence report from Visiongain - Global Armoured Vehicles Market 2013-2023 - finds stable demand for military armoured vehicles and forecasts that global spending on armoured vehicles will amount to £8.10bn ($12.61bn) in 2013.

Armoured vehicles provide ground forces mobility, protection and firepower and they need to confront threats both in conventional warfare and in many facets of irregular warfare. Armoured vehicle programmes do face pressure from defence spending cuts in several countries but the importance of this sector along with wide-ranging projects to replace ageing vehicle fleets do promise demand for companies involved in, or looking to be involved, in this sector.

Although prospects for growth vary among the submarkets examined, this defence report will be valuable for all those engaged in the armoured vehicles market or wish to explore the opportunities in this sector. As well as a global forecast, visiongain provides figures and analysis for 20 leading national markets (plus the 'Rest of the World' market) with details of significant contracts and programmes in each national market. 

The report segments the market with five global submarket forecasts for the period 2013-2023 for the following submarkets: main battle tanks, medium armoured vehicles, medium mine-resistant vehicles, light protected vehicles and other armoured vehicles. The report includes an expert interview with Textron Marine & Land Systems, to support the analysis.

The report also provides profiles of 25 leading armoured vehicles companies operating worldwide.

[via]