NEW YORK, Nov. 8, 2016 /PRNewswire/ -- Armor has been an integral & strategic element of the force structure of land forces globally since the first realizations, development & advent of Tanks for combat in World War I which followed rapid further developments & subsequent extensive utilization in the World War II. Armor's role in providing mobility, troop protection and lethal firepower was further underscored & demonstrated effectively across the Iraq & Afghanistan war theatres over the first decade of the present century during the allied war operations which witnessed a generational change in threat landscape underscored by the extensive utilization of IEDs, RPGs & ATGMs while combating asymmetric warfare tactics with battlefield boundaries being nebulous at best and non-existent at the worst. The operations drove home the stark realization with respect to the limitations & inability of legacy armor to withstand & match up to modern threat landscape while facing a non-state, much less competent adversary. The realization, coupled with evolution of the global geo-political dynamics & equations, have already triggered an armor modernization drive in the overdrive mode across most traditional & emerging markets. The emerging global market scenario for armored vehicles, thus, is poised to witness a spurt in demand over near to medium term driven by a number of drivers & favorable factors, which include resurgence of conventional state based threats, political instability & ongoing conflict across some regions, a wearing down of the general world order and growing threat from extremism & terrorism. Additionally, technological evolution in the form of development of next generation technologies along with the advent of third generation MBTs & other vehicle platforms featuring significantly enhanced capabilities as well as expansion of operational spectrum, capabilities, level of protection & performance threshold are likely to be the other key demand drivers for armored vehicles over near to medium term.