Russian armor market will amount to USD 27 bln in 2018-2027.

Financial amount of the Russian armor market in 2018-2027 will reach US$ 27.4 bln. This has been revealed by Oscar Widlund, expert of the IHS Jane’s analytical center at a scientific conference on the development of the world armor in 2018-2027, echoed by TASS.

T-90A. Russia will become the world’s fifth largest market of armor in the 2018-2027 period (Picture source: Army Recognition)

"During 2018-2027 the Russian armor market will be 15,300 combat vehicles with a total value US$ 27.4 bln. The annual financial growth of the Russian armor market will be 4.5%," Widlund said. According to him, Russia will become the world’s fifth largest market of armor in the said period following the US (US$ 101.1 bln or 106,600 combat machines), Chinese People’s Republic (US$ 75.9 bln or 44,100 combat machines), India (US$ 32.5 bln or 45,900 combat machines) and Saudi Arabia (US$ 29/9 bln or 4,700 combat machines).

According to the expert, the Russian Research and Production Corporation Uralvagonzavod (UVZ, incorporated by the Rostec State Corporation) will join the list of seven largest manufacturers of armor in 2018-2027. "The total of hardware to be supplied by UVZ in the said period will exceed 10,000 machines," the analyst pointed out.