Global Armored Vehicle Market Growth 2023-2029

Global Armored Vehicle Market Growth 2023-2029

An armoured vehicle is an armed combat vehicle protected by armour, generally combining operational mobility with offensive and defensive capabilities.

LPI (LP Information)' newest research report, the “Armored Vehicle Industry Forecast” looks at past sales and reviews total world Armored Vehicle sales in 2022, providing a comprehensive analysis by region and market sector of projected Armored Vehicle sales for 2023 through 2029. With Armored Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Armored Vehicle industry.

This Insight Report provides a comprehensive analysis of the global Armored Vehicle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Armored Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Armored Vehicle market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Armored Vehicle and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Armored Vehicle.

The global Armored Vehicle market size is projected to grow from US$ 15990 million in 2022 to US$ 17900 million in 2029; it is expected to grow at a CAGR of 17900 from 2023 to 2029.

North America armored vehicle market is anticipated to show sluggish growth over the forecast period owing to the limited defense budget. The U.S. is anticipated to hold over 80% of the overall North American revenue share in 2014.

Asia Pacific armored vehicle market is expected to show significant growth owing to the government initiative to strengthen its military power to counter internal or external terrorism. The region accounted for over 25% of the global share in 2014. MEA is expected to witness a rise in demand owing to terrorism activity and rising unrest in Iraq.

This report presents a comprehensive overview, market shares, and growth opportunities of Armored Vehicle market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Wheeled Armored Vehicles
Tracked Armored Vehicles

Segmentation by application
Military Use
Police Use
Civil Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BAE Systems
Elbit Systems
General Dynamics
Iveco
Krauss-MaffeiWegmann
Lockheed Martin
Navistar
Oshkosh
Rheinmetall
Textron
Streit
Minerva
Armour Group
INKAS
GeneralDynamicsCorporation
STAT Industry
Textron, Inc.
Thales Group
Lenco

Key Questions Addressed in this Report

What is the 10-year outlook for the global Armored Vehicle market?

What factors are driving Armored Vehicle market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Armored Vehicle market opportunities vary by end market size?

How does Armored Vehicle break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.