Vehicle armour materials market report 2024-2034: qualitative analyses, cost structure, impact of rising vehicle armour materials prices and recent developments

Dublin, june 19, 2024 (globe newswire) -- the "vehicle armour materials market report 2024-2034" report has been added to researchandmarkets.com's offering. in terms of value the market will surpass us$6.59 billion in 2024. strong revenue growth is projected through to 2034. the work identifies which organizations hold the greatest potential. discover their capabilities, progress, and commercial prospects, helping you stay ahead. the rise in global defence budgets is a significant driver for the vehicle armour materials market. many nations are increasing their military spending to modernise their armed forces and enhance their defence capabilities. this is particularly evident in countries like the united states, china, and india, which are allocating substantial portions of their budgets to defence. as a result, there is a growing demand for advanced vehicle armour materials that can provide enhanced protection for military vehicles against modern threats. for example, the u.s. department of defense has been investing heavily in upgrading its fleet of armoured vehicles with advanced materials such as composite armour and reactive armour to improve survivability on the battlefield. this trend is likely to continue as geopolitical tensions and security threats persist, driving further growth in the vehicle armour materials market.
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