Global Armoured Personnel Carrier Market Forecast by Design

Synopsis
The above chart is Global Armoured Personnel Carrier Market Forecast by Design (USD Million)

Market Dynamics

. the global armoured personnel carrier market is expected to witness significant growth in the forecast period of 2021-2027. one of the major driving factors for this growth is the increasing demand for military and security vehicles due to the rising geopolitical tensions and terrorist threats across various regions. design is one of the key factors that determine the success of an armoured personnel carrier in the market. the market is segmented based on design into wheeled and tracked armoured personnel carriers. the wheeled design segment is expected to dominate the market in the forecast period, owing to its versatility, maneuverability, and cost-effectiveness. these carriers are suitable for a wide range of terrains and can be easily operated on roads and highways, making them ideal for military operations and peacekeeping missions. on the other hand, the tracked design segment is also expected to witness steady growth due to its superior off-road capabilities and higher protection levels. these carriers are typically used in rugged terrains and are more commonly used by military forces for combat operations. however, they are relatively expensive than their wheeled counterparts, which could limit their growth in the market. the market is further segmented into mrap (mine-resistant ambush protected) and non-mrap armoured personnel carriers. mrap carriers are designed to withstand blasts from improvised explosive devices (ieds) and landmines, making them highly suitable for combat zones and asymmetric warfare scenarios. these carriers also provide higher protection levels to troops, which has led to their increased adoption in recent years. non-mrap armoured personnel carriers, on the other hand, are designed for general military and security operations. they offer average protection levels and are used for transportation and logistics purposes. however, with the increasing adoption of mrap carriers, the growth of non-mrap carriers in the market is expected to be comparatively slower. in conclusion, the design of an armoured personnel carrier plays a vital role in its market demand and adoption. with the rising need for military and security vehicles, manufacturers are focusing on developing advanced and versatile designs that can cater to the evolving requirements of armed forces and security agencies around the world. this, in turn, is expected to drive the growth of the global armoured personnel carrier market in the forecast period.