Heavy Weight Segment to Dominate Backed by its Rising Demand for Frontline SecurityĪccording to weight, the market is arrayed into light weight, medium weight, and heavy weight. Among these, the turret system segment dominated the main battle tank market share in 2022 as turret is a combination of parts mounted on it and a rotating bearing so that it can rotate 360 degrees. Turret System Segment to Lead Due to its Broad Functionality and Overall Costīased on component, the market is split into turret system, internal combustion engine, wheel & tracks, situational awareness, weaponry systems, and others. Upgrading of Existing Fleet with Advanced Technological Base Equipment to Facilitate Market Expansionīrowse Detailed Summary of Research Report with TOC: Increasing Procurement of MBTs by Developing Nations for Border Conflict Protection to Aid Market Growth Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends Report Scope & Segmentation: Report Coverage List of Key Players Profiled in the Main Battle Tank Market Report: This information is provided by Fortune Business Insights, in its report titled, “Main Battle Tank Market, 2023-2030.” They provide maneuverability and direct fire features are in high demand as countries work on enhancing their military strength amid geopolitical tensions, which will contribute to their increased demand. Main battle tanks are armored vehicles equipped with advanced fire control systems, guns, and armor protection. Pune, India, Ap(GLOBE NEWSWIRE) - The global main battle tank market size was valued at USD 5.35 billion in 2022 and is projected to grow from USD 5.54 billion in 2023 to USD 6.90 billion by 2030, exhibiting a CAGR of 3.2% during the forecast period.
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