Armored Vehicle Market Analysis and Insights
The Armored Vehicle Market size is anticipated to reach USD 25.40 Billion in 2023 and it is projected to reach USD 36.46 Billion by 2032, growing at a CAGR of 4.1% during the forecast period.
The Global Armored Vehicle Market Analysis report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include types, applications, and competitor analysis.
The Global Armored Vehicle Market growth, Size report provides a comprehensive analysis of the Automotive and Transportation industry, analyzes and identifies changes in market conditions set to impact future business decisions by analyzing.
Research Methodology
Our research methodology constitutes a mix of secondary & primary research which ideally starts from exhaustive data mining, conducting primary interviews (suppliers/distributors/end-users), and formulating insights, estimates, growth rates accordingly. Final primary validation is a mandate to confirm our research findings with Key Opinion Leaders (KoLs), Industry Experts, Armored Vehicle Market includes major supplies & Independent Consultants among others.
Global Market Scope and Armored Vehicle Market
The scope of the report is to provide a 360-degree view of the market outlook by assessing the entire value chain and analyzing the key Armored Vehicle Market trends from 2024 to 2032 underlying in specific geographies. Qualitative and quantitative aspects are interlinked to provide rationales on market numbers, CAGR, and forecasts.
Armored Vehicle Market Country Level Analysis
The Global Armored Vehicle Market Industry Analysis Research Report provides a basic overview of industry dominating market share expected 2024 to 2032. A detailed section on Armored Vehicle Market share and status of critical industries is included in the report, covering. Market Segment by Regions (North America, Europe, Asia Pacific, South America and The Middle East and Africa), coverage with region wise data from 2024 to 2032.
Top Players in Armored Vehicle Market
Some of the other major highlights of the demand for Armored Vehicle Market include analysis, purchasing volume, prices, pricing analysis, and regulatory framework. Coverage on manufacturing structure, distribution channels, and Porter’s Five Forces analysis are also incorporated in the scope to provide analysis on the demand and supply side. This is anticipated to create opportunities for the growth of the Armored Vehicle Market during the forecast period.
- BAE Systems
- Daimler AG (Mercedes Benz)
- Elbit Systems
- BMW AG
- Ford Motor Company
- General Dynamics Corporation
- INKAS Armored Vehicle Manufacturing
- IVECO
- International Armored Group
- Krauss-Maffei Wegmann GmbH & Co. (KMW)
- Lockheed Martin Corporation
- Navistar, Inc.
- Lenco Industries, Inc.
- Oshkosh Defense, LLC
- STAT, Inc.
- Textron, Inc.
- Rheinmetall AG
- Thales Group
Market Segmentation
The Global Armored Vehicle Market Share, Demand provides the most up-to-date Automotive and Transportation industry data on the actual market situation, size, trends and future outlook. The research includes historic data from 2021 to 2023 and forecasts until 2032.
- By Product
- Combat Vehicles
- Armored Personnel Carrier (APC)
- Infantry Fighting Vehicles (IFV)
- Light Protected Vehicles (LPV)
- Main Battle Tanks (MBT)
- Mine-resistant Ambush Protected (MRAP)
- Tactical Vehicle
- Others
- Combat Support Vehicles
- Armored Supply Trucks
- Armored Command and Control Vehicles
- Repair and Recovery Vehicles
- Unmanned Armored Ground Vehicles
- Combat Vehicles
- By Type
- Electric Armored Vehicles
- Conventional Armored Vehicles
- By Mobility
- Wheeled
- Tracked
- By Mode of Operation
- Manned Armored Vehicles
- Unmanned Armored Vehicles
- By Point of Sale
- OEM
- Retrofit
- By Systems
- Engines
- Drive Systems
- Ballistic Armor
- Fire Control Systems (FCS)
- Navigation Systems
Regions Coverd
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Russia
- Nordic
- Benelux
- Rest of Europe
- APAC
- China
- Korea
- Japan
- India
- Australia
- Singapore
- Taiwan
- South East Asia
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Egypt
- Nigeria
- Rest of MEA
- LATAM
- Brazil
- Mexico
- Argentina
- Chile
- Colombia
- Rest of LATAM
Reasons for Doing the Study:
This report is an update of an earlier (2023) Research study. Since the previous edition of this report was published, the Public Safety and Security market has continued to evolve. In particular, the overall market growth rates forecast in the previous edition now appear to have been too high, extending the time-line for the market’s development. In order to give its readers, the most up-to-date and accurate assessment of future market opportunities.
- 1 Executive Summary
- 2 Research Scope & Segmentation
- 2.1 Research Objectives
- 2.2 Limitations & Assumptions
- 2.3 Market Scope & Segmentation
- 2.4 Currency & Pricing Considered
- 3 Market Opportunity Assessment
- 3.1 Emerging Regions / Countries
- 3.2 Emerging Companies
- 3.3 Emerging Applications / End Use
- 4 Market Trends
- 4.1 Drivers
- 4.2 Market Warning Factors
- 4.3 Latest Macro Economic Indicators
- 4.4 Geopolitical Impact
- 4.5 Technology Factors
- 5 Market Assessment
- 5.1 Porters Five Forces Analysis
- 5.2 Value Chain Analysis
- 6 Global Armored Vehicle Market Size Analysis
- 6.1 By Product
- 6.1.1 Combat Vehicles
- 6.1.1.1 Armored Personnel Carrier (APC)
- 6.1.1.2 Infantry Fighting Vehicles (IFV)
- 6.1.1.3 Light Protected Vehicles (LPV)
- 6.1.1.4 Main Battle Tanks (MBT)
- 6.1.1.5 Mine-resistant Ambush Protected (MRAP)
- 6.1.1.6 Tactical Vehicle
- 6.1.1.7 Others
- 6.1.2 Combat Support Vehicles
- 6.1.2.1 Armored Supply Trucks
- 6.1.2.2 Armored Command and Control Vehicles
- 6.1.2.3 Repair and Recovery Vehicles
- 6.1.2.4 Unmanned Armored Ground Vehicles
- 6.2 By Type
- 6.2.1 Electric Armored Vehicles
- 6.2.2 Conventional Armored Vehicles
- 6.3 By Mobility
- 6.3.1 Wheeled
- 6.3.2 Tracked
- 6.4 By Mode of Operation
- 6.4.1 Manned Armored Vehicles
- 6.4.2 Unmanned Armored Vehicles
- 6.5 By Point of Sale
- 6.5.1 OEM
- 6.5.2 Retrofit
- 6.6 By Systems
- 6.6.1 Engines
- 6.6.2 Drive Systems
- 6.6.3 Ballistic Armor
- 6.6.4 Fire Control Systems (FCS)
- 6.6.5 Navigation Systems
- 7 North America Market Analysis
- 7.1 By Product
- 7.1.1 Combat Vehicles
- 7.1.1.1 Armored Personnel Carrier (APC)
- 7.1.1.2 Infantry Fighting Vehicles (IFV)
- 7.1.1.3 Light Protected Vehicles (LPV)
- 7.1.1.4 Main Battle Tanks (MBT)
- 7.1.1.5 Mine-resistant Ambush Protected (MRAP)
- 7.1.1.6 Tactical Vehicle
- 7.1.1.7 Others
- 7.1.2 Combat Support Vehicles
- 7.1.2.1 Armored Supply Trucks
- 7.1.2.2 Armored Command and Control Vehicles
- 7.1.2.3 Repair and Recovery Vehicles
- 7.1.2.4 Unmanned Armored Ground Vehicles
- 7.2 By Type
- 7.2.1 Electric Armored Vehicles
- 7.2.2 Conventional Armored Vehicles
- 7.3 By Mobility
- 7.3.1 Wheeled
- 7.3.2 Tracked
- 7.4 By Mode of Operation
- 7.4.1 Manned Armored Vehicles
- 7.4.2 Unmanned Armored Vehicles
- 7.5 By Point of Sale
- 7.5.1 OEM
- 7.5.2 Retrofit
- 7.6 By Systems
- 7.6.1 Engines
- 7.6.2 Drive Systems
- 7.6.3 Ballistic Armor
- 7.6.4 Fire Control Systems (FCS)
- 7.6.5 Navigation Systems
- 7.6 U.S.
- 7.7 Canada
- 8 Europe Market Analysis
- 8.1 By Product
- 8.1.1 Combat Vehicles
- 8.1.1.1 Armored Personnel Carrier (APC)
- 8.1.1.2 Infantry Fighting Vehicles (IFV)
- 8.1.1.3 Light Protected Vehicles (LPV)
- 8.1.1.4 Main Battle Tanks (MBT)
- 8.1.1.5 Mine-resistant Ambush Protected (MRAP)
- 8.1.1.6 Tactical Vehicle
- 8.1.1.7 Others
- 8.1.2 Combat Support Vehicles
- 8.1.2.1 Armored Supply Trucks
- 8.1.2.2 Armored Command and Control Vehicles
- 8.1.2.3 Repair and Recovery Vehicles
- 8.1.2.4 Unmanned Armored Ground Vehicles
- 8.2 By Type
- 8.2.1 Electric Armored Vehicles
- 8.2.2 Conventional Armored Vehicles
- 8.3 By Mobility
- 8.3.1 Wheeled
- 8.3.2 Tracked
- 8.4 By Mode of Operation
- 8.4.1 Manned Armored Vehicles
- 8.4.2 Unmanned Armored Vehicles
- 8.5 By Point of Sale
- 8.5.1 OEM
- 8.5.2 Retrofit
- 8.6 By Systems
- 8.6.1 Engines
- 8.6.2 Drive Systems
- 8.6.3 Ballistic Armor
- 8.6.4 Fire Control Systems (FCS)
- 8.6.5 Navigation Systems
- 8.6 U.K.
- 8.7 Germany
- 8.8 France
- 8.9 Spain
- 8.10 Italy
- 8.11 Russia
- 8.12 Nordic
- 8.13 Benelux
- 8.14 Rest of Europe
- 9 APAC Market Analysis
- 9.1 By Product
- 9.1.1 Combat Vehicles
- 9.1.1.1 Armored Personnel Carrier (APC)
- 9.1.1.2 Infantry Fighting Vehicles (IFV)
- 9.1.1.3 Light Protected Vehicles (LPV)
- 9.1.1.4 Main Battle Tanks (MBT)
- 9.1.1.5 Mine-resistant Ambush Protected (MRAP)
- 9.1.1.6 Tactical Vehicle
- 9.1.1.7 Others
- 9.1.2 Combat Support Vehicles
- 9.1.2.1 Armored Supply Trucks
- 9.1.2.2 Armored Command and Control Vehicles
- 9.1.2.3 Repair and Recovery Vehicles
- 9.1.2.4 Unmanned Armored Ground Vehicles
- 9.2 By Type
- 9.2.1 Electric Armored Vehicles
- 9.2.2 Conventional Armored Vehicles
- 9.3 By Mobility
- 9.3.1 Wheeled
- 9.3.2 Tracked
- 9.4 By Mode of Operation
- 9.4.1 Manned Armored Vehicles
- 9.4.2 Unmanned Armored Vehicles
- 9.5 By Point of Sale
- 9.5.1 OEM
- 9.5.2 Retrofit
- 9.6 By Systems
- 9.6.1 Engines
- 9.6.2 Drive Systems
- 9.6.3 Ballistic Armor
- 9.6.4 Fire Control Systems (FCS)
- 9.6.5 Navigation Systems
- 9.6 China
- 9.7 Korea
- 9.8 Japan
- 9.9 India
- 9.10 Australia
- 9.11 Taiwan
- 9.12 South East Asia
- 9.13 Rest of Asia-Pacific
- 10 Middle East and Africa Market Analysis
- 10.1 By Product
- 10.1.1 Combat Vehicles
- 10.1.1.1 Armored Personnel Carrier (APC)
- 10.1.1.2 Infantry Fighting Vehicles (IFV)
- 10.1.1.3 Light Protected Vehicles (LPV)
- 10.1.1.4 Main Battle Tanks (MBT)
- 10.1.1.5 Mine-resistant Ambush Protected (MRAP)
- 10.1.1.6 Tactical Vehicle
- 10.1.1.7 Others
- 10.1.2 Combat Support Vehicles
- 10.1.2.1 Armored Supply Trucks
- 10.1.2.2 Armored Command and Control Vehicles
- 10.1.2.3 Repair and Recovery Vehicles
- 10.1.2.4 Unmanned Armored Ground Vehicles
- 10.2 By Type
- 10.2.1 Electric Armored Vehicles
- 10.2.2 Conventional Armored Vehicles
- 10.3 By Mobility
- 10.3.1 Wheeled
- 10.3.2 Tracked
- 10.4 By Mode of Operation
- 10.4.1 Manned Armored Vehicles
- 10.4.2 Unmanned Armored Vehicles
- 10.5 By Point of Sale
- 10.5.1 OEM
- 10.5.2 Retrofit
- 10.6 By Systems
- 10.6.1 Engines
- 10.6.2 Drive Systems
- 10.6.3 Ballistic Armor
- 10.6.4 Fire Control Systems (FCS)
- 10.6.5 Navigation Systems
- 10.6 UAE
- 10.7 Turkey
- 10.8 Saudi Arabia
- 10.9 South Africa
- 10.10 Egypt
- 10.11 Nigeria
- 10.12 Rest of MEA
- 11 LATAM Market Analysis
- 11.1 By Product
- 11.1.1 Combat Vehicles
- 11.1.1.1 Armored Personnel Carrier (APC)
- 11.1.1.2 Infantry Fighting Vehicles (IFV)
- 11.1.1.3 Light Protected Vehicles (LPV)
- 11.1.1.4 Main Battle Tanks (MBT)
- 11.1.1.5 Mine-resistant Ambush Protected (MRAP)
- 11.1.1.6 Tactical Vehicle
- 11.1.1.7 Others
- 11.1.2 Combat Support Vehicles
- 11.1.2.1 Armored Supply Trucks
- 11.1.2.2 Armored Command and Control Vehicles
- 11.1.2.3 Repair and Recovery Vehicles
- 11.1.2.4 Unmanned Armored Ground Vehicles
- 11.2 By Type
- 11.2.1 Electric Armored Vehicles
- 11.2.2 Conventional Armored Vehicles
- 11.3 By Mobility
- 11.3.1 Wheeled
- 11.3.2 Tracked
- 11.4 By Mode of Operation
- 11.4.1 Manned Armored Vehicles
- 11.4.2 Unmanned Armored Vehicles
- 11.5 By Point of Sale
- 11.5.1 OEM
- 11.5.2 Retrofit
- 11.6 By Systems
- 11.6.1 Engines
- 11.6.2 Drive Systems
- 11.6.3 Ballistic Armor
- 11.6.4 Fire Control Systems (FCS)
- 11.6.5 Navigation Systems
- 11.6 Brazil
- 11.7 Mexico
- 11.8 Argentina
- 11.9 Chile
- 11.10 Colombia
- 11.11 Rest of LATAM
- 12 Competitive Landscape
- 12.1 Global Armored Vehicle Market Share By Players
- 12.2 M & A Agreements & Collaboration Analysis
- 13 Market Players Assessment
- 13.1 American International Industries (GIGI)
- 13.1.1 Overview
- 13.1.2 Business Information
- 13.1.3 Revenue
- 13.1.4 ASP
- 13.1.5 Swot Analysis
- 13.1.6 Recent Developments
- 13.2 Daimler AG (Mercedes Benz)
- 13.3 Elbit Systems
- 13.4 BMW AG
- 13.5 Ford Motor Company
- 13.6 General Dynamics Corporation
- 13.7 INKAS Armored Vehicle Manufacturing
- 13.8 IVECO
- 13.9 International Armored Group
- 13.10 Krauss-Maffei Wegmann GmbH & Co. (KMW)
- 13.11 Lockheed Martin Corporation
- 13.12 Navistar, Inc.
- 13.13 Lenco Industries, Inc.
- 13.14 Oshkosh Defense, LLC
- 13.15 STAT, Inc.
- 13.16 Textron, Inc.
- 13.17 Rheinmetall AG
- 13.18 Thales Group
- 14 Research Methodology
- 14.1 Research Data
- 14.1.1 Secondary Data
- 14.1.1.1 Major secondary sources
- 14.1.1.2 Key data from secondary sources
- 14.1.2 Primary Data
- 14.1.2.1 Key data from primary sources
- 14.1.2.2 Breakdown of primaries
- 14.1.3 Secondary And Primary Research
- 14.1.3.1 Key industry insights
- 14.2 Market Size Estimation
- 14.2.1 Bottom-Up Approach
- 14.2.2 Top-Down Approach
- 14.2.3 Market Projection
- 14.3 Research Assumptions
- 14.3.1 Assumptions
- 14.4 Limitations
- 14.5 Risk Assessment
- 15 Appendix
- 15.1 Discussion Guide
- 15.2 Customization Options
- 15.3 Related Reports
- 16 Disclaimer
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