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. This evolution of threat landscape with growing & serious threat to armor survivability from a range of threats has questioned the very raison d'etre of previous generation light & medium armor in the current, completely altered threat landscape, thus, rendering some of the existing platforms, like HMMWVs and M113 APCs, incapable of operating effectively and obsolete, thus, spurring replacement demand ageing vehicle platforms across most key markets globally. The emerging global market scenario for armored vehicles is likely to witness a spurt in demand over near to medium term driven by a number of drivers & favorable factors, which include, rapidly evolving global geopolitical dynamics & equations with 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, an ageing global armored vehicles fleet dating back to the cold war era and 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.