Armoured Vehicles Market: Asia identified as a key region for growth
A recent armoured vehicles market report highlights the Asian region as a key area for growth.
- (1888PressRelease) August 29, 2011 - The Asian region has been identified as a key area where militaries will require an expanded armoured vehicle fleet, by an independent report analysing the armoured vehicle and counter-IED market over the next 10 years.
The Global Armored Vehicles and Counter IED Vehicles Market 2011-2021 (published by marketresearch.com) categorises the Asian region as one of the areas that will increasingly require armoured and counter-IED vehicles, to accommodate growing troop numbers and respond to regional security threats. In contrast to many Western nations, the growing defence expenditure of many Asian countries means significant investment is set to be made in these ground vehicle programmes:
"Strong economic growth, territorial disputes, domestic violence and the large troop size of regional forces will create a significant demand for armored vehicles in Asia, which will account for a share of 24.1% of the total armored vehicles market during the forecast period" a summary of the report concludes.
To analyse the pace of growth of these emerging markets and discuss the procurement priorities of Asian nations, an expert panel of speakers from Sri Lanka, India, Thailand, Indonesia, Malaysia and South Korea will be gathering in Singapore in October for the 3rd annual Armoured Vehicles Asia event. The speaker faculty for the three-day conference includes:
• Lieutenant General Jagath Jayasuriya, Commander, Sri Lankan Army
• Lieutenant General Dalip Bhardwaj (Ret'd), Former Director Mechanised Forces, Indian Army
• Major General Surasit Thanadtank, Director General, Strategic Studies Centre, Royal Thai Armed Forces
Briefings will revolve around the specific strategies for the modernisation of participating nations' armoured vehicle fleets, developing land force capabilities to meet both regular and irregular warfare combat operations, and best practice in the procurement of new systems and equipment.
The full conference programme is available to download at http://www.ArmouredVehiclesAsia.com, along with information on delegate pricing and registration. More information on Defence IQ's Armoured Vehicles series can be found at http://www.ArmouredVehiclesEvents.com
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