Military Modernization Drives Demand for Armored Vehicles


Posted September 25, 2024 by mordor

North American armored fighting vehicles market is fueled by a focus on military modernization and the need to equip armed forces. Mordor Intelligence, forecasts the market size of USD 8.95 billion by 2029, growing at CAGR of 5.18% during 2024-2029

 
This growth is primarily driven by strategic investments in defense modernization programs.

Modern Warfare Demands Modern Vehicles:

Maintaining a technologically advanced military requires continuous investment in next-generation equipment. Armored fighting vehicles play a critical role in modern warfare, and the North American market is responding:

Replacing Aging Fleets: Legacy armored vehicles are often outdated and lack the capabilities to meet the demands of contemporary battlefields. Governments are prioritizing fleet modernization by procuring new and improved armored vehicles.

Enhanced Protection and Firepower: Advancements in weaponry and battlefield tactics necessitate armored vehicles with superior protection systems, including explosive reactive armor and active protection countermeasures.

Focus on Multi-Functional Platforms: Modern armored vehicles are designed to be versatile, capable of serving in various roles such as troop transport, infantry fighting, and reconnaissance.

Mordor Intelligence's Report Offers Valuable Insights:

Mordor Intelligence's comprehensive report on the "North America Armored Fighting Vehicles Market" provides a detailed analysis of the key trends shaping the industry:

Market Segmentation: The report segments the market by vehicle type (main battle tanks, infantry fighting vehicles, armored personnel carriers), technology type (active protection systems, advanced communication systems), and country (United States, Canada).

Technological Advancements: The report analyzes the development of innovative armored vehicle technologies, including unmanned ground vehicles and artificial intelligence integration.

Competitive Landscape: The report profiles leading manufacturers and suppliers of armored vehicles in North America, highlighting their product offerings, market share, and regional presence.

For more information and to access the full report, please visit:

https://www.mordorintelligence.com/industry-reports/north-america-armored-fighting-vehicles-market


About Mordor Intelligence:

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

For any inquiries or to access the full report, please contact:

[email protected]
https://www.mordorintelligence.com/
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Mordor Intelligence
Phone 06177652493
Business Address 11th Floor, Rajapushpa Summit Nanakramguda Rd
Country India
Categories Reports , Research
Tags armored fighting vehicles market , armored fighting vehicles market size , armored fighting vehicles market forecasts , armored fighting vehicles market trends , armored fighting vehicles market research reports , armored fighting vehicles market growth drivers
Last Updated September 25, 2024