Gmi Research

  The Armored Vehicles Market is projected to undergo substantial changes by 2031, influenced by technological advancements, geopolitical dynamics, and increasing security demands. This article provides a comprehensive forecast of the market, highlighting the trends and projections that will shape its future. Technological Innovations Leading the Way Technological advancements are set to revolutionize the armored vehicles market. One of the key trends is the incorporation of artificial intelligence (AI) and machine learning into armored vehicles. These technologies enable autonomous operations, advanced threat detection, and enhanced decision-making capabilities. AI systems can process large volumes of data in real-time, offering critical insights for combat and surveillance missions. Additionally, the development of new materials is significantly impacting the market. Advanced composites, ceramics, and nanomaterials are being used to create lighter yet more robust armored v...

  Armored Vehicles Market The Armored Vehicles Market is anticipated to expand at a robust CAGR over the forecast period (2020-2027). The factors driving the growth of growth of Armored Vehicles Market includes increasing cross-border terrorism around the world, advancements in asymmetric warfare and emerging need to upgrade armored vehicles in the military sector. According to Global Terrorism Index, the terrorist attacks across the globe increased to 5,226 in 2021 and the maximum terrorist attacks were reported in Myanmar, with the death tolls in Myanmar reaching to 521 during the same year. Moreover, the increasing Government expenditure on defense budget, intergovernmental agreements for developing advanced armored vehicles, are some of the additional factors supplementing the Armored Vehicle Market share . As per Macro Trends, the Philippines military budget has significantly increased from USD 2.84 billion to USD 3.47 billion in 2019, showing a 22.13% increase, and the milit...