Military Shelter Market Growth Perspectives, Development Technologies and Innovations by 2028
The global military shelter market is set to gain traction from the increasing cross border conflicts and rising terrorism and warfare activities. Fortune Business Insight has published this information in a report titled, “Military Shelter Market, 2021-2028.” As per the report the market size was USD 879.0 million in 2020. It is projected to grow from USD 887.8 million in 2021 to USD 1,015.8 million by 2028, at a CAGR of 1.94% between 2021 to 2028. Military tents and shelters are used as protective tents by soldiers to protect them and their equipment. These shelters provide a safe and efficient operational environment for military equipment and personnel. In addition, it also provides increased mobility, great speed for various critical, unfavorable situations and combat operations. Thus, these factors are driving the market growth. COVID-19 Impact The global economy witnessed a decline during the pandemic. Several OEMs are facing supply issues due to lockdown and disruption in th