Global Military Armored Vehicles and Counter-IED Vehicles Market 2024-2028

Global Military Armored Vehicles And Counter-IED Vehicles Market 2024-2028

The military armored vehicles and counter-IED vehicles market is forecasted to grow by USD 6864.34 mn during 2023-2028, accelerating at a CAGR of 3.71% during the forecast period. The report on the military armored vehicles and counter-ied vehicles market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by asymmetric warfare leading to procurement of arsenal, upgrade of defense capabilities to counter emerging security threats, and ongoing digitization of battlefield operations.

Technavio's military armored vehicles and counter-IED vehicles market is segmented as below:

By Product

• Infantry fighting vehicle (IFV)
• Armored personnel carrier (APC)
• Main battle tank (MBT)
• Self-propelled howitzer (SPH)
• Others

By Mobility Type

• Wheeled
• Tracked

By Geographical Landscape

• APAC
• North America
• Middle East and Africa
• Europe
• South America

This study identifies the advent of hybrid drivetrains in MRAPS as one of the prime reasons driving the military armored vehicles and counter-ied vehicles market growth during the next few years. Also, emergence of active protection systems (APS) and integration of directed energy weapons (dew) with armored vehicles will lead to sizable demand in the market.

The report on the military armored vehicles and counter-IED vehicles market covers the following areas:

• Military armored vehicles and counter-IED vehicles market sizing
• Military armored vehicles and counter-IED vehicles market forecast
• Military armored vehicles and counter-IED vehicles market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military armored vehicles and counter-IED vehicles market vendors that include AB Volvo, Alpine Armoring Inc., BAE Systems Plc, Denel SOC Ltd., General Dynamics Corp., Hyundai Motor Co., International Armored Group, KNDS N.V., Lockheed Martin Corp., Milkor Pty Ltd., NORINCOGROUP.com Inc., Northrop Grumman Corp., Oshkosh Corp., Renault SAS, Rheinmetall AG, Rostec, SAUDI GROUPS, SVI ENGINEERING, STREIT Group, and Traton SE. Also, the military armored vehicles and counter-ied vehicles market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.