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Nov 26, 2020 (AmericaNewsHour) —
Armoured vehicles are inclusive of land and logistics-oriented vehicles used for transportation of artillery and personnel, and also during active combat by the armies (and other equivalent military land forces). In addition to being protected by armour, most of the active combat vehicles need to be armed with weapons. Armoured vehicles are seen as a significant asset to a country’s army and are widely used to showcase its military power on the global stage.
Considering the large number of military operations that are scheduled to end around 2020, the 2017-2022 period is a very ripe interval for the global armoured vehicles upgrade retrofit market. However, considering the turbulence in defence budget allocations and the risky nature of the industry, the market is expected to receive some turbulence as well. Another