A Closer Look at the Dynamics Driving Growth in Middle East Armored Vehicle Sector
Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Type (Electric, Conventional), Mobility (Wheeled, Tracked), Systems, Mode of Operation, Point of sale, Region - Forecast to 2027
(EMAILWIRE.COM, January 31, 2024 ) Social unrest and market instability to drive demand for armored vehicles
The Middle Eastern Armored Vehicle Market is projected to grow due to the rising need for military vehicles for various countries to secure their borders. The Middle East region is marked by intense geopolitical competition among various countries. However, the absence of major armored vehicle OEMs in Middle East is acting as a major concern for the growth of the market. This results in the dependence of countries such as Saudi Arabia, UAE, India, the Philippines, and Qatar on foreign OEMs for armored vehicles. This results in the expensive procurement of armored vehicles, thereby resulting in a decrease in their overall demand.
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Elbit Systems Ltd. of Israel is one the key players in the armored vehicle market. In 2022, Israel announced the purchase of hundreds of combat vehicles from Israel Aerospace Industries for the country’s special forces in a deal of more than USD 28 million. Israel Aerospace Industries is set to provide the country's special forces with hundreds of combat vehicles in a deal US USD 28 million.
Saudi Arabia’s defense ministry signed 10 contracts worth USD 1.8 billion with local and international companies during the third day of the World Defense Show in 2022.
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Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
The Middle Eastern Armored Vehicle Market is projected to grow due to the rising need for military vehicles for various countries to secure their borders. The Middle East region is marked by intense geopolitical competition among various countries. However, the absence of major armored vehicle OEMs in Middle East is acting as a major concern for the growth of the market. This results in the dependence of countries such as Saudi Arabia, UAE, India, the Philippines, and Qatar on foreign OEMs for armored vehicles. This results in the expensive procurement of armored vehicles, thereby resulting in a decrease in their overall demand.
Click here for Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6322755
Elbit Systems Ltd. of Israel is one the key players in the armored vehicle market. In 2022, Israel announced the purchase of hundreds of combat vehicles from Israel Aerospace Industries for the country’s special forces in a deal of more than USD 28 million. Israel Aerospace Industries is set to provide the country's special forces with hundreds of combat vehicles in a deal US USD 28 million.
Saudi Arabia’s defense ministry signed 10 contracts worth USD 1.8 billion with local and international companies during the third day of the World Defense Show in 2022.
Request for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=6322755
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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MarketsandMarkets™
Mr. Aashish Mehra
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results