Armoured Vehicle Market is set to Reach USD 31.26 by 2021

SUBIC BAY FREEPORT, Philippines - June 8, 2016 - PRLog -- It is estimated that the armoured Vehicles market will reach USD 31.26 billion by the year 2021. The market value is about to increase at a CAGR of 5.6%.

This rise can be referred to the increasing occurring of violence, terrorism and conflicts. These threats are driving the demand for armoured vehicles, among commercial end users and defence, globally.

The universal armoured vehicles marketis controlled by the commercial application segment. It is also expected that the market of armoured vehicles will continue its dominance till the year 2021. This dominance can be associated with the   increasing incidents of political disputes, terrorism and civil unrest that have driven embassies, governments', banks and VIPs to acquire more reliable and advanced armoured vehicles for protection.

The armoured vehicles market has been analysed and segmented in terms of several products such as Sedan, SUV, Bus, Van, and Limousine among others. The overall market is ruled by the SUV segment. This segment is predicted to rise at the highest during the time of forecasting. Th4e SUV segment is basically driven by the enhanced utilisation of armoured SUVs by embassy officials and government, in cash in transit applications and VIPs globally.

Asia-Pacific and the Middle East are believed to drive the rise of the international armoured vehicles market in the upcoming years. This fast growth of the Asia-Pacific market can be linked to the rising development and research projects attempted in the region for the improvement of hybrid and advanced designs of armoured cars. These kinds of projects are implemented for the sake of increasing military expenditures, ISR functions, maritime patrolling and enhanced border, military modernization programs and increasing requirements for medium or light sized armoured vehicles for patrolling operations.

As per several surveys and researches the armoured vehicles market are analyzed on the ground of product, application, technology, type, region and maps. The surveys are based on the condition of several defence spending countries of the globe such as China, U.S, Germany, Russia, India, Japan, France and so on.

IAC Philippines/ TomArmor system, the proven leader in the design and manufacture of armoured vehicles   announces themselves as the sole distributor of the top quality armouring equipments utilised in the procedures of the passenger vehicle armouring industry.

IAC Philippines/ TomArmor system has the capability to design and manufacture residential and commercial operations, safe rooms and specialty products and so on.

The talented team members of IAC Philippines are committed to implement a proper and technological procedure of generating and manufacturing armoring vehicles. The workers and technicians always look after the works at each segment of the manufacturing procedures of the armored vehicles. The armorued cars produced by this company never fails to protect the defenders of the nation.

IAC Philippines/ TomArmor system manufacture such vehicles which can go through all types of tests such as rain test, driving, handling tests, height recordings, and weight tests and braking. This leading manufacturer of armoured vehicles has the ability to manufacture up to 20 units per months with the assistance of certified technicians and hard working team. For further information visit @ http://www.iacphilippines.com