PUBLISHER: Grand View Research | PRODUCT CODE: 1587450
PUBLISHER: Grand View Research | PRODUCT CODE: 1587450
The MEA 8x8 armored vehicle market size is expected to reach USD 1.43 billion by 2030, according to a new study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.4% from 2025 to 2030. Increasing national defense budgets coupled with the growing multilateral collaborations such as the one between the African Union and the North Atlantic Treaty Organization (NATO), to maintain peace and to counter terrorism is expected to drive the growth.
Armed forces in the MEA region are preparing aggressively to be able to counter all sorts of threats and respond efficiently to emergencies arising from insurgencies and militant attacks in view of the growing terrorist activities. They are opting for the latest military equipment, including armored fighting vehicles and infantry fighting vehicles. This factor is anticipated to bode swell for the growth of the Middle East and Africa 8x8armored vehicle market in the region.
Homeland security departments in Middle East and Africa are equally seeking 8x8 armored vehicles in view of the growing communal riots and organized crimes within the region. The demand for armored vehicles from law enforcement agencies is increasing as a result thereby driving growth of the MEA 8x8 armored vehicle market.
Advances in technology have resulted in the development of innovative 8x8 armored vehicles. For instance, electronic sensors are helping the occupants of armored vehicles detect the location of allies as well as enemies within a specified range. Similarly, robust touchscreen displays are allowing drivers of armored vehicles to communicate via emails and navigate accurately using a compass. At the same time, the leading market players are investing aggressively in R&D to develop lighter armored vehicles with improved mobility without compromising on the strength.