The global armored vehicle market size is expected to reach USD 27.83 billion by 2028, exhibiting a CAGR of 6.36% during the forecast period. The introduction of next-generation vehicles with reactive armor technology and active protection systems will have an outstanding effect on the armored vehicle market, states Fortune Business Insights, in a report, titled “Armored Vehicle Market, 2021-2028.” The market size stood at USD 17.57 billion in 2020. Information Source: https://www.fortunebusinessinsights.com/industry-reports/armored-vehicle-market-101817