Military Armored Vehicles and MRO Market is Expected to Value US $ 32.4 billion by 2026 : Radiant Insights , Inc
“ The global military armored vehicles and MRO market is expected to value US $ 22.5 billion in 2016 , and will grow at a CAGR of 3.71 %, to value US $ 32.4 billion by 2026 .”
Summary
The ability to offer ground forces increased capabilities pertaining to protection and munitions is expected to spur the need for armored vehicles over the forecast period . The threat from neighboring nations and insurgency issues will also be a major factor expected to contribute to the increasing demand for armored vehicles . Furthermore , the large base of existing inventory as well as new procurements throughout the next decade will create the need for servicing and maintenance activities , which is expected to fuel the armored vehicles MRO market to a great extent .
Read Complete Report with TOC @ http :// www . radiantinsights . com / research / theglobal-military-armored-vehicles-and-mro-market-2016-2026
Key Findings
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