Global Armoured Vehicles Upgrade & Retrofit Market to Reach $2.43 billion in 2012, States Visiongain23 May 2012 • by Natalie Aster
Decades of shifts in conflict paradigms and the need for adaptability have given the armoured vehicles upgrade & retrofit market more importance than ever before. The advent of budget cuts and austerity measures have also forced governments around the world to reassess procurement, modernise where financially preferable, and produce armoured vehicles that are more conducive to recurring rounds of modifications.
According to Visiongain’s most recent report “The Armoured Vehicles Upgrade & Retrofit Market 2012-2022”, the value of the global armoured vehicles upgrade & retrofit market in 2012 will reach $2.43bn.
The Armoured Vehicles Upgrade & Retrofit Market 2012-2022
Published: April, 2012
Price: US$ 2.953,00
Spending on armoured vehicle upgrades also continues to be driven by advances made in anti-armour and anti-tank capabilities. Manufacturers have been pursuing more reactive protection for vehicles, and as a consequence, both explosive-reactive and non-explosive reactive variants are of great interest to militaries. Moreover, research and development in more advanced sensors and robotic technology adapted for vehicles continues to demand a significant proportion of resources that would otherwise be spent on next-generation vehicle development.
More information can be found in the report “The Armoured Vehicles Upgrade & Retrofit Market 2012-2022” by Visiongain.
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