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Based on the platform, the armored vehicles market has been segmented into combat vehicles, combat support vehicles, and unmanned armored ground vehicles. The combat support vehicles segment is projected to grow at the highest CAGR during the forecast period.
Based on mobility, the market has been segmented into wheeled and tracked. The wheeled segment is projected to grow at a higher CAGR as compared to the tracked segment during the forecast period. The market for tracked segment is projected to from USD 9.9 billion to USD 11.3 billion from 2022 to 2027.
Based on system, the market has been segmented into engines, drive systems, ballistic armor, turret drives, fire control systems, armaments, countermeasure systems, Command & Control (C2) systems, power systems, navigation systems, ammunition handling systems, observation & display systems, and hulls/frames. Armament is projected to lead the system segment of armored vehicles market from 2022 to 2027.
Based on mobility, the armored vehicles market has been segmented into wheeled and tracked. The wheeled segment is projected to grow at the highest CAGR during the forecast period.
Based on mode of operation, the armored vehicles market has been segmented into manned and unmanned. Manned armored vehicles is projected to lead the market during the forecast period.
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