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Vehicle Armor Market 2020-2026; Growth Forecast & Industry Share Report

Increasing purchase of highly-modernized armored vehicles is slated to propel the vehicle armor market expansion over the coming years. Growing defense budgets of emerging as well as developed economies alike would also play a major role in augmenting the industry share. Taking November 2019 for instance, the British Army signed a u00a32.8 billion contract to buy state-of-the-art armored fighting vehicles.

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Vehicle Armor Market 2020-2026; Growth Forecast & Industry Share Report

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  1. Vehicle Armor Market 2020-2026; Growth Forecast & Industry Share Report

  2. KeyInsights Vaccines Market : • Increasing purchase of highly-modernized armored vehicles is slated to propel the vehicle armor market expansion over the coming years. Growing defense budgets of emerging as well as developed economies alike would also play a major role in augmenting the industry share. • Taking November 2019 for instance, the British Army signed a £2.8 billion contract to buy state-of-the-art armored fighting vehicles. The Defense Secretary reportedly announced that the British army would get over 500 Boxer 8x8 network-enabled, high mobility armored vehicles to move troops to the frontlines during a battle scenario. The novel vehicles would make up a part of the British Army’s Strike brigades, which are new units that are set up to rollout rapidly over long distances across a plethora of terrains.

  3. Continued… • The market is bifurcated into ceramics, composites, and metals with respect to the material segment. Of these, the ceramics segment is expected to hold approximately 15% of the overall market share by the end of the forecast timespan. Ceramics have superior hardness, low-density, high modulus and also feature extraordinary fracture toughness and superior flexural strength. • Ceramics find use in protecting the vehicle against small arms as well as medium caliber machine gun fire. some of the most commonplace ceramic materials used for developing armor include SiC (Silicon Carbide), AIN (Aluminum Nitrate), ZTA (Zirconium Toughened Alumina), Al2O3 (Aluminum Oxide), TiB2 (Titanium di-Boride), B4C (Boron Carbide).

  4. Latest Research Vehicle Armor Market@ https://bit.ly/3mQuX8O Request for a Sample Copy of This Research Report @ https://bit.ly/3oWOQwA

  5. Major Companies Vehicle Armor Market: • ASL GRP • DEW Engineering • Development ULC • SSAB

  6. Regional Vehicle Armor Market: • Geographically, the North America vehicle armor industry is projected to cross a valuation of $890 million by the end of the analysis period owing to the increasing military armament development as well as counterterrorism programs. The regional market expansion is led by the United States, which is known as the country with the world’s highest defense budgets. • In fact, the U.S. DOD (Department of Defense) has granted an immense $700 billion budget towards military sector development. Meanwhile, the regional growth is also likely to come from Canada as the Canadian government had announced that it would be increasing its defense budget by over 70% in the next decade. Such budget decisions would greatly fuel armored vehicle sales, further stimulating the regional market expansion.

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