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18 Apr 11. In spite of the recent economic turmoil many countries have affirmed their commitment to the maintenance of armoured vehicle fleets, even though the size of some fleets will be reduced. Consequently the armoured vehicle upgrade and retrofit market is guaranteed to maintain an underlying level of demand, almost regardless of the prevailing economic conditions. The US will be the largest market in the next few years, as it addresses urgent requirements for armoured vehicles deployed in Iraq and Afghanistan, as well as retrofitting vehicles returning from both theatres and integrating them into its overall armoured vehicle fleet. The US military also continues to upgrade its current fleet of Abrams main battle tanks and Bradley armoured fighting vehicles. There will be a fall from the high levels of MRAP upgrades from 2015, due to the falling intensity of overseas operations and eventual withdrawal from Iraq and Afghanistan. (Source: ASD Network)
21 Apr 11. Many countries are in the midst of acquisition or upgrade programmes to replace or refurbish large fleets of armoured vehicles. However, reduced defence budgets were announced by many countries in 2010 which have had an impact on some armoured vehicle programmes, although there are other nations that are actually set to increase defence spending. Armoured vehicles of various types have been found to be critical whether in conventional battles or in counter-insurgency-type conflicts, and thus programmes related to these are expected to see considerable funding in coming years. ‘The Armoured Vehicles Market 2011-2021’ report assesses that the global armoured vehicle spending was worth over $10.4bn in 2010 and demand will pick up over the next few years. There will be robust demand for armoured vehicles in the next decade. New acquisitions also clearly outstrip upgrade programmes although there are also significant programmes of the latter. ‘The Armoured Vehicles Market 2011-2021’ report is packed with over 80 charts that show key trends in the armoured vehicles market at the global level and in 20 leading national markets. The United States will remain the largest market although it won’t have a dominant share. Key markets also include countries like Germany, the United Kingdom and France which have all announced reduced defence spending but remain committed to a number of important armoured vehicle programmes. Countries like India and South Korea, on the other hand, are actually increasing defence spending and likewise expected to be key markets. Other notable markets include Saudi