Armoured Vehicle Holdings and Future Acquisition Plans
The market for armoured vehicles continues to be buoyant, with the Asia-Pacific region predicted to be the major growth area over the next 10 years. Afghanistan, Australia, China, India, Malaysia, New Zealand, Pakistan, the Philippines, Singapore, South Korea, Taiwan and Thailand all have major armoured vehicle procurement programmes under way or planned.
Around 11,000 light tracked vehicles are forecast to be produced over the next decade, valued at over $30 billion, whereas nearly 27,000 light wheeled vehicles, valued at over $12 billion are also forecast to be produced.
There are also still large numbers of Main Battle Tanks (MBTs) in service worldwide. An estimated 89,619 are in current inventories, the Asia-Pacific region accounting for 31.2% of the total (27,982) and Russia and the CIS countries 23.75% (21,255).
Download this report to view all current armoured vehicle holdings for each country around the world and find out their future acquisition plans.