News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, January 31, 2024 ) Social unrest and market instability to drive demand for armored vehicles
The Middle Eastern Armored Vehicle Market is projected to grow due to the rising need for military vehicles for various countries to secure their borders. The Middle East region is marked by intense geopolitical competition among various countries. However, the absence of major armored vehicle OEMs in Middle East is acting as a major concern for the growth of the market. This results in the dependence of countries such as Saudi Arabia, UAE, India, the Philippines, and Qatar on foreign OEMs for armored vehicles. This results in the expensive procurement of armored vehicles, thereby resulting in a decrease in their overall demand.
Elbit Systems Ltd. of Israel is one the key players in the armored vehicle market. In 2022, Israel announced the purchase of hundreds of combat vehicles from Israel Aerospace Industries for the country’s special forces in a deal of more than USD 28 million. Israel Aerospace Industries is set to provide the country's special forces with hundreds of combat vehicles in a deal US USD 28 million.
Saudi Arabia’s defense ministry signed 10 contracts worth USD 1.8 billion with local and international companies during the third day of the World Defense Show in 2022.
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
