DSEI 2013: Challenges face armoured vehicles sector
The global market for armoured vehicles is expected to decline slightly in the coming decade, a market analysis by Shephard has revealed.
The value of the 2013 global market for armoured vehicles has been forecast as being worth between $12.5 billion and $25 billion, with analysts predicting that the market will either shrink slightly or grow at only a modest pace in the coming ten years.
The withdrawal of ISAF troops from Afghanistan, as well as shrinking defence budgets in North America and Europe – and with US sequestration casting a long shadow – are negatively impacting the market.
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