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Summary
The Global Armored Vehicles and MRO Market 2015-2025 report, published by Strategic Defence Intelligence, provides readers with a detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
Key Findings
• The global armored vehicles and MRO market is expected to be worth US$22.1 billion in 2015 and is expected increase to US$32.6 billion by 2025, representing a CAGR of 3.97% during the forecast period.
• The market is anticipated to be dominated by the Asia Pacific followed by North America and Europe. The US is the largest spender with a cumulative expenditure of US$71.9 billion over the next decade.
• In terms of segments, IFVs and MBTs are expected to account for 37% and 22% of the armored and counter vehiclesmarket respectively, followed by APCs and LMVs.
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