Armoured Fighting Vehicles Market to Reach USD 35.2 Billion by 2032, Driven by Increased Military Modernization and Geopolitical Tensions https://dataintelo.com/report/global-armoured-fighting-vehicles-market The global Armoured Fighting Vehicles Market is projected to grow significantly, with an estimated value of USD 35.2 billion by 2032, expanding at a CAGR of 5.6% from USD 21.4 billion in 2023. This growth is largely attributed to the rising investments in military modernization programs, evolving warfare strategies, and the growing need for enhanced defense capabilities worldwide. Armoured fighting vehicles (AFVs) are critical for modern armies, offering protection, firepower, and mobility in hostile environments. As countries focus on upgrading their military fleets, the demand for advanced AFVs, including tanks, infantry fighting vehicles (IFVs), and armored reconnaissance vehicles, continues to rise.