Armored Vehicles Market Size, Share, Trends & Growth Analysis

Report Code AS 2369
Published in May, 2024, By MarketsandMarkets™
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Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Vehicles), Mobility (Wheeled, Tracked), Type, Systems, Mode of Operation (Manned, Unmanned), Point of sale, and Region - Global Forecast to 2029

Overview

The global armored vehicle market is witnessing robust growth across various sectors, including military, law enforcement, and commercial applications, driven by increasing demand for enhanced security and protection. Rising geopolitical tensions and the growing need for safe transportation are major factors contributing to this market expansion. Key segments, such as the armored cars market, bulletproof armored vehicle market, and military armored vehicles market, are experiencing significant demand, particularly as armored vehicles play a vital role in ensuring personnel safety during military operations, peacekeeping missions, and VIP transportation. Technological advancements, such as improved armor materials, advanced weaponry, and cutting-edge surveillance systems, are further accelerating this growth, with manufacturers continuously innovating to meet the evolving security needs of customers.

The global armored vehicle market is projected to grow from USD 51.6 billion in 2024 to USD 60.7 billion by 2029, growing at a CAGR of 3.3%. The volume of combat vehicles in armored vehicle market is projected to grow from 3,15,266 (units) in 2024 to 3,56,681(units) by 2029. The volume for combat support vehicles in armored vehicles market is projected to grow from 4,61,246 (units) in 2024 to 5,19,252 (units) by 2029. The armored vehicles market, defined by the demand for military vehicles fortified with advanced protective measures, is shaped by several drivers. Geopolitical tensions, including territorial disputes, fuel nations' investments in defense capabilities, driving procurement to fortify borders and prepare for potential conflicts. Urban warfare and counter-terrorism operations further stimulate demand for maneuverable and well-protected armored vehicles, particularly in regions prone to instability. Additionally, peacekeeping and humanitarian missions require specialized vehicles, contributing to sustained market demand. Furthermore, ongoing technological advancements continuously enhance vehicle capabilities, attracting investments and propelling market growth.

This market is benefiting from the modernization of defense fleets and increased focus on upgrading existing armored vehicles with state-of-the-art technologies. Modern infantry fighting vehicles and armored personnel carriers are being equipped with advanced sensors, communication systems, and active protection mechanisms to enhance their operational capabilities and survivability in combat environments. This drive for innovation is not limited to military applications; bulletproof cars and bulletproof vehicles are gaining traction in civilian sectors, with rising demand for secure transport solutions. As governments increase defense spending and emphasize fleet upgrades, the armored vehicle procurement and upgrade market is expected to continue its expansion, solidifying the critical role armored vehicles play in modern defense, security strategies, and high-risk civilian operations.

Attractive Opportunities in the Armored Vehicles Market

Asia Pacific

Asia Pacific is projected to dominate the market during the forecast period. The market growth in this region is due to geopolitical tensions, including territorial disputes, which is fueling nations’ into investments in defense capabilities.

Urban warfare and counter-terrorism operations stimulate demand for maneuverable and well-protected armored vehicles, particularly in regions prone to instability.

By mobility, the wheeled armored vehicle segment is projected to register a higher CAGR of 3.5% from 2024 to 2029.

New product launches and contracts are expected to offer lucrative opportunities to market players in the next five years.

The market growth in APAC region can be attributed to presence of various key players and manufacturers.

Global Armored Vehicles Market Dynamics

Driver: Increasing demand for armored vehicles to tackle cross-border conflicts

In recent years, global conflicts, including intrastate and interstate disputes like those in Iraq, Syria, North Korea, and Afghanistan, have impacted the economy and spurred the mobilization of military and law enforcement agencies worldwide. Despite defense budget cuts in major economies like the US, UK, and France, demand for armored vehicles remains steady, driven by civilian and law enforcement use for protection against ballistic and blast threats. Countries are investing in modernizing their military fleets, leading to a recovery in the US tank and armored vehicle industry. Research and development efforts are underway globally to enhance armored vehicle capabilities. In March 2022, Hungary's military procured 40 tactical wheeled armored vehicles from Turkey, marking a significant collaboration in the European defense industry. Key players are focused on R&D to drive technological advancements in armored vehicles.

Restraints: Occurrence of mechanical and electrical failure in armored vehicles

Armored vehicles face significant mechanical and logistical challenges during operations, including strain from traversing uneven terrain and potential breakdowns of engines and transmission systems due to high-speed movement. Power failures, component breakdowns, and jamming further compound these challenges, often requiring complex rectification procedures by rescue teams. Detecting faulty components can be difficult, exacerbating critical situations during wartime. Manufacturers are actively addressing these issues by developing innovative designs using composites and integrating advanced systems to enhance the reliability and performance of armored vehicles.

 

Opportunities: Rising technology integration and upgrades in military vehicles

The armored vehicles market is experiencing significant transformation due to the integration and upgrades of advanced technology in military vehicles. Modernization of existing platforms is essential for maintaining competitiveness on the battlefield. Key drivers of demand include the integration of advanced sensors, communication systems, and AI-driven analytics to enhance vehicle performance, efficiency, and survivability. Additionally, integrating unmanned aerial systems (UAS) with ground vehicles improves reconnaissance and surveillance capabilities while reducing risks to human operators. These advancements offer benefits such as improved reliability, reduced repair costs, enhanced safety, increased readiness, and heightened mission effectiveness, shaping the future landscape of armored vehicle operations.

Challenges: Hardware and software malfunctions

Despite being engineered for rugged environments, robots remain susceptible to hardware and software malfunctions. Challenges such as extreme temperatures, component breakdowns, and software jams persist, hindering their reliability. Unmanned Ground Vehicles (UGVs) are typically controlled by human operators either via tethered connections or remote systems. However, instances of operators losing control or robots misinterpreting commands lead to mission failures. Engineers encounter difficulties in developing fully autonomous robots, as this technology is still in its nascent stages of development. Achieving autonomy requires overcoming technical complexities and refining systems to ensure seamless operation in diverse environments.

Global Armored Vehicles Market Ecosystem Analysis

ECOSYSTEM ANALYSIS Manufacturers and suppliers of armored vehicles and end consumers (defense industry) are the key stakeholders in the armored vehicles market ecosystem. Investors, funders, academic researchers, integrators, service providers, and licensing authorities serve as major influencers in the market.

 

Based on the mobility, wheeled segment is estimated to account for the largest market share during the forecast period.

Based on the mobility, Wheeled armored vehicles are projected to hold the largest market share in the global armored vehicle market. This dominance is fueled by several factors, including their cost-effectiveness in acquisition and operation, strategic deployment capabilities, and versatility in various missions. Additionally, wheeled armored vehicles offer superior mobility on paved roads and hard terrain, making them ideal for urban environments and tactical maneuverability. Their modular design allows for customization based on specific mission requirements, further enhancing their appeal. Overall, the prevalence of wheeled armored vehicles reflects a shift towards more agile and adaptable platforms in response to evolving security threats and operational needs.

Based on the type, the conventional armored vehicle segment is estimated to account for the largest market share during the forecast period.

Based on type, the armored vehicles market is segmented into electric and conventional armored vehicles. Electric and hybrid armored vehicles are still in the development stage, and as of now, no military has an active fleet of electric armored vehicles. Conventional armored vehicles are those that use fossil fuels to run the engine.

Asia Pacific Region Holds the Largest Share of the Armored Vehicles Market

In the global armored vehicle market, the Asia Pacific region is poised to claim the highest share. This dominance can be attributed to a multitude of factors, including increasing geopolitical tensions, rising defense budgets, and a focus on modernization initiatives. Additionally, the region's rapid urbanization and evolving warfare tactics necessitate investments in agile and robust armored vehicles. Furthermore, internal security concerns, such as terrorism and organized crime, drive demand for specialized vehicles tailored to law enforcement and border security needs. Overall, the Asia Pacific region stands as a key driver in shaping the trajectory of the armored vehicle market on a global scale.

 
 

Recent Developments of Armored Vehicles Market industry

  • In March 2024, Rheinmetall :- Rheinmetall has secured a contract to supply the German Army with 123 "Heavy Weapon Carriers for the Infantry." The contract, worth around USD 3 billion, includes service and maintenance. Delivery starts in 2025, enhancing the Army's firepower and mobility..
  • In November 2023, Oshkosh Defense:- Oshkosh Defense, LLC received a USD 208 million contract from the U.S. Army for Joint Light Tactical Vehicles (JLTV) and trailers.

Key Market Players

KEY PLAYERS IN THE Armored Vehicles Market INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2021–2029
Base year considered 2023
Forecast period 2024-2029
Forecast units Value (USD Million/Billion)
Segments Covered By platform, type, mobility, mode of operation, point of sale   and Region
Geographies covered North America, Europe, Asia Pacific, Middle East, and the Rest of the world
Companies covered Rheinmetall AG (Germany), General Dynamics Corporation (US), Oshkosh Corporation (US), BAE Systems (UK), and Hanwha Defense (South Korea) are some of the major players in the Armored Vehicles market.

 

Key Questions Addressed by the Report

Which are the major companies in the Armored Vehicles market? What are their major strategies to strengthen their market presence?
Some of the key players in the Armored Vehicle market are Rheinmetall AG (Germany), General Dynamics Corporation (US), Oshkosh Corporation (US), BAE Systems (UK), and Hanwha Defense (South Korea) and among others, are the key providers that secured Armored Vehicles contracts in the last few years.
What are the drivers and opportunities for the Armored Vehicles market?
The Increasing use of armored vehicles is due to rising geopolitical tensions, terrorism, and insurgency activities which is driving the demand for armored vehicles as nations prioritize enhancing their defense capabilities and safeguarding personnel and assets. Rising defense spending in Combat vehicles worldwide are some of the drivers for the Armored Vehicles market.
Which region is expected to hold the largest share in the next five years?
The market in the Asia Pacific region is projected to account the largest share from 2024 to 2029, showcasing strong demand for Armored Vehicles solutions in the region. The presence of small and large scale manufacturers of combat vehicles in the region are driving the market growth.
What is the CAGR of the Armored Vehicles Market?
The CAGR of the Armored Vehicles Market is 3.3%
Which segment shows the highest CAGR of the Armored Vehicles Market by platform?
The combat support vehicles by platform to show the highest growth rate during the forecasted year for the Armored Vehicle Market.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
30
RESEARCH METHODOLOGY
36
EXECUTIVE SUMMARY
49
PREMIUM INSIGHTS
53
MARKET OVERVIEW
57
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Need for improved intelligence, surveillance, and reconnaissance (ISR) and target acquisition capabilities by defense forces
    - Growing demand for armored vehicles to tackle cross-border conflicts
    - Rising incidences of asymmetric warfare
    - Increased global defense spending
    RESTRAINTS
    - Susceptibility to mechanical and electrical failures
    - Survivability risks for personnel onboard armored vehicles
    OPPORTUNITIES
    - Rising technology integration and upgrades in military vehicles
    - Adoption of lifecycle optimization strategies for sustainment
    - Global military modernization plans
    - Increasing procurement of unmanned systems by defense forces
    - Development of modular and scalable armored vehicles
    CHALLENGES
    - Hardware and software malfunctions
    - High costs of main battle tanks
  • 5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.4 ECOSYSTEM ANALYSIS
    PROMINENT COMPANIES
    PRIVATE AND SMALL ENTERPRISES
    END USERS
  • 5.5 VOLUME DATA
  • 5.6 PRICING ANALYSIS
  • 5.7 VALUE CHAIN ANALYSIS
  • 5.8 TECHNOLOGY ROADMAP
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.10 USE CASE ANALYSIS
    VEHICLE INTEGRATION FOR C4ISR/EW INTEROPERABILITY (VICTORY) INITIATIVE
    ELECTRIC FORCE FIELD FOR ARMORED VEHICLES
    SEE-THROUGH ARMOR
    OSHKOSH PROPULSION HYBRID DIESEL-ELECTRIC SYSTEM
    ADAPTIVE CAMOUFLAGE SYSTEM
  • 5.11 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.12 TRADE ANALYSIS
    EXPORT DATA
    IMPORT DATA
  • 5.13 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGY
    - Design and implementation of solar-powered armored vehicles
    - Development of multi-payload unmanned armored vehicles
    COMPLEMENTARY TECHNOLOGY
    - Electro-optical and radar sensor payloads for unmanned armored vehicles
  • 5.14 BILL OF MATERIALS
  • 5.15 TOTAL COST OF OWNERSHIP
  • 5.16 BUSINESS MODELS
  • 5.17 REGULATORY LANDSCAPE
  • 5.18 INVESTMENT AND FUNDING SCENARIO
INDUSTRY TRENDS
94
  • 6.1 INTRODUCTION
  • 6.2 TECHNOLOGY TRENDS
    ACTIVE PROTECTION SYSTEM
    - Soft-kill technology
    - Electro-optical jammer
    - Hard-kill technology
    REACTIVE ARMOR TECHNOLOGY
    PROGRAMMABLE AMMUNITION
    LINKLESS FEED SYSTEM
    AMMUNITION FEED CHUTE
    SENSOR FUSION TECHNOLOGY
  • 6.3 IMPACT OF MEGATRENDS
    IMPROVED AMMUNITION CARRYING CAPABILITY
    INNOVATIONS IN MICRO-ELECTROMECHANICAL SYSTEM AND NANOTECHNOLOGY
    INTEROPERABLE COMMUNICATION SYSTEM
    ADVANCED AUTOLOADER
  • 6.4 SUPPLY CHAIN ANALYSIS
  • 6.5 PATENT ANALYSIS
ARMORED VEHICLES MARKET, BY PLATFORM
103
  • 7.1 INTRODUCTION
  • 7.2 COMBAT VEHICLES
    MAIN BATTLE TANKS
    - Surge in upgrade and procurement programs to drive growth
    INFANTRY FIGHTING VEHICLES
    - Ongoing developments by prominent defense companies and governments to drive growth
    ARMORED PERSONNEL CARRIERS
    - Significant investments in defense armored vehicles to drive growth
    ARMORED AMPHIBIOUS VEHICLES
    - Innovations in propulsion technology and hull design to drive growth
    MINE-RESISTANT AMBUSH-PROTECTED VEHICLES
    - Need for protection against rocket-propelled grenades and small arms to drive growth
    LIGHT ARMORED VEHICLES
    - Need for rapid response in fluid combat situations to drive growth
    SELF-PROPELLED HOWITZERS
    - Advanced targeting technologies and powerful munitions to drive growth
    AIR DEFENSE VEHICLES
    - Trend toward fully automated air defense systems to drive growth
    ARMORED MORTAR CARRIERS
    - Ability to provide increased firepower and mobility to drive growth
  • 7.3 COMBAT SUPPORT VEHICLES
    ARMORED SUPPLY TRUCKS
    - Focus on ensuring secure delivery of vital supplies to frontline units to drive growth
    - Armored fuel trucks
    - Armored ammunition replenishment vehicles
    - Armored ambulances
    ARMORED COMMAND & CONTROL VEHICLES
    - Seamless integration with existing military systems to drive growth
    REPAIR & RECOVERY VEHICLES
    - Need for towing or repairing combat vehicles on battlefields to drive growth
    BRIDGE-LAYING TANKS
    - Operational readiness to drive growth
    MINE CLEARANCE VEHICLES
    - High demand for prevention of mine blasts and other battlefield hazards to drive growth
  • 7.4 UNMANNED ARMORED GROUND VEHICLES
    INCREASING DEMAND FOR AUTONOMIC DECISION-MAKING CAPABILITIES IN COMPLEX REMOTE OPERATIONS TO DRIVE GROWTH
ARMORED VEHICLES MARKET, BY TYPE
112
  • 8.1 INTRODUCTION
  • 8.2 ELECTRIC ARMORED VEHICLES
    EMPHASIS ON REDUCING DEPENDENCE ON FOSSIL FUELS TO DRIVE GROWTH
  • 8.3 CONVENTIONAL ARMORED VEHICLES
    HIGHER POWER OUTPUT AND PERFORMANCE TO DRIVE GROWTH
ARMORED VEHICLES MARKET, BY MOBILITY
115
  • 9.1 INTRODUCTION
  • 9.2 WHEELED
    NEED FOR IMPROVED MOBILITY DURING CRITICAL COMBAT OPERATIONS TO DRIVE GROWTH
    4X4
    6X6
    8X8
    10X10
    12X12
  • 9.3 TRACKED
    ONGOING MILITARY MODERNIZATION EFFORTS TO DRIVE GROWTH
ARMORED VEHICLES MARKET, BY MODE OF OPERATION
119
  • 10.1 INTRODUCTION
  • 10.2 MANNED
    NEED FOR ROBUST LAND COMBAT PLATFORMS TO DRIVE GROWTH
  • 10.3 UNMANNED
    DEVELOPMENT OF AUTONOMOUS TRUCKS FOR COMBAT SUPPORT TO DRIVE GROWTH
ARMORED VEHICLES MARKET, BY SYSTEM
123
  • 11.1 INTRODUCTION
  • 11.2 ENGINES
    DIESEL ENGINES
    TURBINE ENGINES
  • 11.3 DRIVE SYSTEMS
    POWER TRANSMISSION DRIVES
    SUSPENSION & BRAKING SYSTEMS
    TRACKS & WHEELS
  • 11.4 BALLISTIC ARMORS
    COMPOSITE ARMORS
    EXPLOSIVE REACTIVE ARMORS
    ELECTRIC ARMORS
    HOMOGENOUS ARMORS
    DEPLETED URANIUM ARMORS
    ADD-ON ARMORS
  • 11.5 TURRET DRIVES
  • 11.6 AMMUNITION HANDLING SYSTEMS
  • 11.7 FIRE CONTROL SYSTEMS
  • 11.8 ARMAMENTS
  • 11.9 COUNTERMEASURE SYSTEMS
  • 11.10 COMMAND & CONTROL SYSTEMS
  • 11.11 POWER SYSTEMS
  • 11.12 NAVIGATION SYSTEMS
  • 11.13 OBSERVATION & DISPLAY SYSTEMS
  • 11.14 HULLS/FRAMES
ARMORED VEHICLES MARKET, BY POINT OF SALE
130
  • 12.1 INTRODUCTION
  • 12.2 OEM
  • 12.3 RETROFIT
ARMORED VEHICLES MARKET, BY REGION
131
  • 13.1 INTRODUCTION
    REGIONAL RECESSION IMPACT ANALYSIS
  • 13.2 NORTH AMERICA
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    US
    - Collaborations and joint ventures between key players to drive growth
    CANADA
    - Military modernization programs to drive growth
  • 13.3 EUROPE
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    UK
    - Surge in armored vehicle upgrade programs to drive growth
    GERMANY
    - Focus on modernizing domestic armored personnel carrier fleets to drive growth
    FRANCE
    - Procurement of new-generation combat vehicles to drive growth
    POLAND
    - Increase in domestic defense spending to drive growth
    REST OF EUROPE
  • 13.4 ASIA PACIFIC
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    INDIA
    - Indigenous manufacturing of electric military vehicles to drive growth
    JAPAN
    - Development of high-end military technologies to drive growth
    AUSTRALIA
    - Rise in manufacturing of combat fleets to drive growth
    SOUTH KOREA
    - High investments in robotics technologies to drive growth
    REST OF ASIA PACIFIC
  • 13.5 MIDDLE EAST
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    GULF COOPERATION COUNCIL (GCC)
    - Saudi Arabia
    - UAE
    REST OF MIDDLE EAST
  • 13.6 REST OF THE WORLD
    LATIN AMERICA
    - Increasing acquisition of modern armored vehicles to drive growth
    AFRICA
    - Rising demand for unmanned military ground vehicles to drive growth
COMPETITIVE LANDSCAPE
194
  • 14.1 INTRODUCTION
  • 14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023
  • 14.3 RANKING ANALYSIS, 2023
  • 14.4 MARKET SHARE ANALYSIS, 2023
  • 14.5 REVENUE ANALYSIS, 2019–2023
  • 14.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
    - Company footprint
    - Mobility footprint
    - Platform footprint
    - Region footprint
  • 14.7 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
    - Key start-ups/SMEs
    - Competitive benchmarking of key start-ups/SMEs
  • 14.8 COMPANY VALUATION AND FINANCIAL METRICS
  • 14.9 BRAND/PRODUCT COMPARISON
  • 14.10 COMPETITIVE SCENARIO AND TRENDS
    MARKET EVALUATION FRAMEWORK
    PRODUCT LAUNCHES
    DEALS
    OTHERS
COMPANY PROFILES
222
  • 15.1 KEY PLAYERS
    RHEINMETALL AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GENERAL DYNAMICS CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    OSHKOSH CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BAE SYSTEMS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HANWHA GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    NORTHROP GRUMMAN
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    LOCKHEED MARTIN CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    THALES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    L3HARRIS TECHNOLOGIES, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ST ENGINEERING
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ELBIT SYSTEMS LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MITSUBISHI HEAVY INDUSTRIES, LTD.
    - Business overview
    - Products/Solutions/Services offered
    HYUNDAI ROTEM COMPANY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TEXTRON INC.
    - Business overview
    - Products/Solutions/Services offered
    OTOKAR OTOMOTIV VE SAVUNMA SANAYI
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    DENEL SOC LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    KNDS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    FNSS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    CHINA NORTH INDUSTRIES CORPORATION (NORINCO)
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    RTX
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    IVECO DEFENCE VEHICLES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    PARAMOUNT GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 15.2 OTHER PLAYERS
    ARQUUS
    TATRA TRUCKS A.S.
    KALYANI STRATEGIC SYSTEMS LTD.
    AM GENERAL
    MAHINDRA EMIRATES VEHICLE ARMOURING FZ LLC
    TATA ADVANCED SYSTEMS LIMITED
    INKAS ARMORED VEHICLE MANUFACTURING
    STREIT GROUP
APPENDIX
302
  • 16.1 DISCUSSION GUIDE
  • 16.2 ANNEXURE A: DEFENSE PROGRAM MAPPING
  • 16.3 ANNEXURE B: COMPANY LISTED
  • 16.4 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 16.5 CUSTOMIZATION OPTIONS
  • 16.6 RELATED REPORTS
  • 16.7 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INCLUSIONS AND EXCLUSIONS
  • TABLE 2 USD EXCHANGE RATES
  • TABLE 3 IMPACT OF RUSSIA-UKRAINE WAR ON MICRO FACTORS OF ARMORED VEHICLES MARKET
  • TABLE 4 NEW DELIVERIES OF COMBAT SUPPORT VEHICLES, BY COUNTRY, 2021–2023 (UNITS)
  • TABLE 5 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 6 ACTIVE FLEET VOLUME OF MAIN BATTLE TANKS, BY COUNTRY, 2020–2030 (UNITS)
  • TABLE 7 ACTIVE FLEET VOLUME OF COMBAT SUPPORT VEHICLES, BY COUNTRY, 2020–2030 (UNITS)
  • TABLE 8 ACTIVE FLEET VOLUME OF COMBAT VEHICLES, BY COUNTRY, 2020–2030 (UNITS)
  • TABLE 9 INDICATIVE PRICING ANALYSIS OF ARMORED VEHICLES, BY PLATFORM, 2023
  • TABLE 10 AVERAGE SELLING PRICE RANGE OF MAIN BATTLE TANKS, 2023
  • TABLE 11 AVERAGE SELLING PRICE RANGE OF INFANTRY FIGHTING VEHICLES, 2023
  • TABLE 12 AVERAGE SELLING PRICE RANGE OF ARMORED PERSONNEL CARRIERS, 2023
  • TABLE 13 AVERAGE SELLING PRICE RANGE OF MINE-RESISTANT AMBUSH-PROTECTED VEHICLES, 2023
  • TABLE 14 AVERAGE SELLING PRICE RANGE OF LIGHT-PROTECTED VEHICLES, 2023
  • TABLE 15 AVERAGE SELLING PRICE RANGE OF SELF-PROPELLED HOWITZERS, 2023
  • TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ARMORED VEHICLES, BY MODE OF OPERATION (%)
  • TABLE 17 KEY BUYING CRITERIA FOR ARMORED VEHICLES, BY PLATFORM
  • TABLE 18 KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 19 EXPORT DATA, BY REGION, 2020–2022
  • TABLE 20 IMPORT DATA, BY REGION, 2020–2022
  • TABLE 21 TOTAL COST OF OWNERSHIP OF MAIN BATTLE TANKS
  • TABLE 22 BUSINESS MODELS OF ARMORED VEHICLES MARKET
  • TABLE 23 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 24 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 25 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 26 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 27 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 28 VENTURE CAPITAL FOR UNMANNED GROUND VEHICLES, 2021–2023 (USD MILLION)
  • TABLE 29 PATENT ANALYSIS
  • TABLE 30 ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 31 ARMORED VEHICLE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 32 NEW DELIVERIES OF COMBAT VEHICLES, BY REGION, 2021–2029 (UNITS)
  • TABLE 33 NEW DELIVERIES OF MAIN BATTLE TANKS, BY REGION, 2021–2029 (UNITS)
  • TABLE 34 NEW DELIVERIES OF COMBAT SUPPORT VEHICLES, BY REGION, 2021–2029 (UNITS)
  • TABLE 35 ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 36 MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 37 MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 38 ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 39 MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 40 MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 41 TYPES OF UNMANNED ARMORED VEHICLES
  • TABLE 42 MARKET, BY SYSTEM, 2021–2023 (USD MILLION)
  • TABLE 43 ARMORED VEHICLES MARKET, BY SYSTEM, 2024–2029 (USD MILLION)
  • TABLE 44 REGIONAL RECESSION IMPACT ANALYSIS
  • TABLE 45 MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 46 ARMORED VEHICLE MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 47 NORTH AMERICA: ARMORED VEHICLE MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 48 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 49 NORTH AMERICA: MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 50 NORTH AMERICA: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 51 NORTH AMERICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 52 NORTH AMERICA: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 53 NORTH AMERICA: MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 54 NORTH AMERICA: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 55 NORTH AMERICA: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 56 NORTH AMERICA: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 57 US: ARMORED VEHICLE MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 58 US: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 59 US: ARMORED VEHICLE MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 60 US: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 61 US: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 62 US: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 63 US: VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 64 US: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 65 CANADA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 66 CANADA: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 67 CANADA: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 68 CANADA: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 69 CANADA: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 70 CANADA: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 71 CANADA: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 72 CANADA: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 73 EUROPE: MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 74 EUROPE: ARMORED VEHICLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 75 EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 76 EUROPE: , BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 77 EUROPE: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 78 EUROPE: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 79 EUROPE: MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 80 EUROPE: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 81 EUROPE: ARMORED VEHICLE MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 82 EUROPE: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 83 UK: ARMORED VEHICLE MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 84 UK: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 85 UK: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 86 UK: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 87 UK: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 88 UK: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 89 UK: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 90 UK: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 91 GERMANY: MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 92 GERMANY: ARMORED VEHICLE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 93 GERMANY: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 94 GERMANY: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 95 GERMANY: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 96 GERMANY: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 97 GERMANY: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 98 GERMANY: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 99 FRANCE: ARMORED VEHICLE MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 100 FRANCE: ARMORED VEHICLE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 101 FRANCE: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 102 FRANCE: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 103 FRANCE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 104 FRANCE: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 105 FRANCE: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 106 FRANCE: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 107 POLAND: MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 108 POLAND: ARMORED VEHICLE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 109 POLAND: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 110 POLAND: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 111 POLAND: MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 112 POLAND: VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 113 POLAND: VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 114 POLAND: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 115 REST OF EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 116 REST OF EUROPE: ARMORED VEHICLE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 117 REST OF EUROPE: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 118 REST OF EUROPE: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 119 REST OF EUROPE: MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 120 REST OF EUROPE: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 121 REST OF EUROPE: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 122 REST OF EUROPE: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 123 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 124 ASIA PACIFIC: ARMORED VEHICLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 125 ASIA PACIFIC: MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 126 ASIA PACIFIC: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 127 ASIA PACIFIC: ARMORED VEHICLE MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 128 ASIA PACIFIC: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 129 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 130 ASIA PACIFIC: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 131 ASIA PACIFIC: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 132 ASIA PACIFIC: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 133 INDIA: MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 134 INDIA: ARMORED VEHICLE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 135 INDIA: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 136 INDIA: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 137 INDIA: MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 138 INDIA: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 139 INDIA: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 140 INDIA: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 141 JAPAN: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 142 JAPAN: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 143 JAPAN: ARMORED VEHICLE MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 144 JAPAN: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 145 JAPAN: MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 146 JAPAN: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 147 JAPAN: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 148 JAPAN: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 149 AUSTRALIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 150 AUSTRALIA: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 151 AUSTRALIA: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 152 AUSTRALIA: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 153 AUSTRALIA: MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 154 AUSTRALIA: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 155 AUSTRALIA: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 156 AUSTRALIA: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 157 SOUTH KOREA: ARMORED VEHICLE MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 158 SOUTH KOREA: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 159 SOUTH KOREA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 160 SOUTH KOREA: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 161 SOUTH KOREA: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 162 SOUTH KOREA: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 163 SOUTH KOREA: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 164 SOUTH KOREA: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 165 REST OF ASIA PACIFIC: ARMORED VEHICLE MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 166 REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 167 REST OF ASIA PACIFIC: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 168 REST OF ASIA PACIFIC: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 169 REST OF ASIA PACIFIC: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 170 REST OF ASIA PACIFIC: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 171 REST OF ASIA PACIFIC:ARMORED VEHICLE  MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 172 REST OF ASIA PACIFIC: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 173 MIDDLE EAST: MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 174 MIDDLE EAST: ARMORED VEHICLES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 175 MIDDLE EAST: MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 176 MIDDLE EAST: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 177 MIDDLE EAST: ARMORED VEHICLE MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 178 MIDDLE EAST: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 179 MIDDLE EAST: MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 180 MIDDLE EAST: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 181 MIDDLE EAST: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 182 MIDDLE EAST: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 183 SAUDI ARABIA: MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 184 SAUDI ARABIA: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 185 SAUDI ARABIA: ARMORED VEHICLE MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 186 SAUDI ARABIA: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 187 SAUDI ARABIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 188 SAUDI ARABIA: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 189 SAUDI ARABIA: ARMORED VEHICLE MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 190 SAUDI ARABIA: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 191 UAE: ARMORED VEHICLE MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 192 UAE: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 193 UAE: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 194 UAE: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 195 UAE: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 196 UAE: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 197 UAE: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 198 UAE: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 199 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 200 REST OF MIDDLE EAST: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 201 REST OF MIDDLE EAST: ARMORED VEHICLE MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 202 REST OF MIDDLE EAST: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 203 REST OF MIDDLE EAST: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 204 REST OF MIDDLE EAST: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 205 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 206 REST OF MIDDLE EAST: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 207 REST OF THE WORLD: ARMORED VEHICLE MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 208 REST OF THE WORLD: ARMORED VEHICLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 209 REST OF THE WORLD: ARMORED VEHICLE MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 210 REST OF THE WORLD: ARMORED VEHICLE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 211 REST OF THE WORLD: ARMORED VEHICLE MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 212 REST OF THE WORLD: ARMORED VEHICLE MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 213 REST OF THE WORLD: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 214 REST OF THE WORLD: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 215 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 216 REST OF THE WORLD: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 217 LATIN AMERICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 218 LATIN AMERICA: ARMORED VEHICLE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 219 LATIN AMERICA: ARMORED VEHICLE MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 220 LATIN AMERICA: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 221 LATIN AMERICA: MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 222 LATIN AMERICA: MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 223 LATIN AMERICA: ARMORED VEHICLE MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 224 LATIN AMERICA: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 225 AFRICA: MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
  • TABLE 226 AFRICA: MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 227 AFRICA: MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
  • TABLE 228 AFRICA: MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 229 AFRICA: ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
  • TABLE 230 AFRICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
  • TABLE 231 AFRICA: MARKET, BY TYPE, 2021–2023 (USD MILLION)
  • TABLE 232 AFRICA: ARMORED VEHICLE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 233 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023
  • TABLE 234 ARMORED VEHICLES MARKET: DEGREE OF COMPETITION
  • TABLE 235 MOBILITY FOOTPRINT
  • TABLE 236 PLATFORM FOOTPRINT
  • TABLE 237 REGION FOOTPRINT
  • TABLE 238 KEY START-UPS/SMES
  • TABLE 239 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
  • TABLE 240 ARMORED VEHICLES MARKET: PRODUCT LAUNCHES, 2020–2024
  • TABLE 241 ARMORED VEHICLE MARKET: DEALS, 2020–2024
  • TABLE 242 ARMORED VEHICLE MARKET: OTHERS, 2020–2024
  • TABLE 243 RHEINMETALL AG: COMPANY OVERVIEW
  • TABLE 244 RHEINMETALL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 245 RHEINMETALL AG: PRODUCT LAUNCHES
  • TABLE 246 RHEINMETALL AG: DEALS
  • TABLE 247 RHEINMETALL AG: OTHERS
  • TABLE 248 GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW
  • TABLE 249 GENERAL DYNAMICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 250 GENERAL DYNAMICS CORPORATION: OTHERS
  • TABLE 251 OSHKOSH CORPORATION: COMPANY OVERVIEW
  • TABLE 252 OSHKOSH CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 253 OSHKOSH CORPORATION: OTHERS
  • TABLE 254 BAE SYSTEMS: COMPANY OVERVIEW
  • TABLE 255 BAE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 256 BAE SYSTEMS: OTHERS
  • TABLE 257 HANWHA GROUP: COMPANY OVERVIEW
  • TABLE 258 HANWHA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 259 HANWHA GROUP: OTHERS
  • TABLE 260 NORTHROP GRUMMAN: COMPANY OVERVIEW
  • TABLE 261 NORTHROP GRUMMAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 262 NORTHROP GRUMMAN: OTHERS
  • TABLE 263 LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW
  • TABLE 264 LOCKHEED MARTIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 265 LOCKHEED MARTIN CORPORATION: OTHERS
  • TABLE 266 THALES: COMPANY OVERVIEW
  • TABLE 267 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 268 THALES: OTHERS
  • TABLE 269 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW
  • TABLE 270 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 271 L3HARRIS TECHNOLOGIES, INC.: DEALS
  • TABLE 272 L3HARRIS TECHNOLOGIES, INC.: OTHERS
  • TABLE 273 ST ENGINEERING: COMPANY OVERVIEW
  • TABLE 274 ST ENGINEERING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 275 ST ENGINEERING: PRODUCT LAUNCHES
  • TABLE 276 ST ENGINEERING: DEALS
  • TABLE 277 ELBIT SYSTEMS LTD.: COMPANY OVERVIEW
  • TABLE 278 ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 279 ELBIT SYSTEMS LTD.: OTHERS
  • TABLE 280 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
  • TABLE 281 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 282 HYUNDAI ROTEM COMPANY: COMPANY OVERVIEW
  • TABLE 283 HYUNDAI ROTEM COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 284 HYUNDAI ROTEM COMPANY: PRODUCT LAUNCHES
  • TABLE 285 HYUNDAI ROTEM COMPANY: OTHERS
  • TABLE 286 TEXTRON INC.: COMPANY OVERVIEW
  • TABLE 287 TEXTRON INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 288 OTOKAR OTOMOTIV VE SAVUNMA SANAYI: COMPANY OVERVIEW
  • TABLE 289 OTOKAR OTOMOTIV VE SAVUNMA SANAYI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 290 OTOKAR OTOMOTIV VE SAVUNMA SANAYI: OTHERS
  • TABLE 291 DENEL SOC LTD.: COMPANY OVERVIEW
  • TABLE 292 DENEL SOC LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 293 DENEL SOC LTD.: DEALS
  • TABLE 294 KNDS: COMPANY OVERVIEW
  • TABLE 295 KNDS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 296 KNDS: DEALS
  • TABLE 297 KNDS: OTHERS
  • TABLE 298 FNSS: COMPANY OVERVIEW
  • TABLE 299 FNSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 300 FNSS: PRODUCT LAUNCHES
  • TABLE 301 FNSS: OTHERS
  • TABLE 302 CHINA NORTH INDUSTRIES CORPORATION (NORINCO): COMPANY OVERVIEW
  • TABLE 303 CHINA NORTH INDUSTRIES CORPORATION (NORINCO): PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 304 CHINA NORTH INDUSTRIES CORPORATION (NORINCO): PRODUCT LAUNCHES
  • TABLE 305 RTX: COMPANY OVERVIEW
  • TABLE 306 RTX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 307 RTX: OTHERS
  • TABLE 308 IVECO DEFENCE VEHICLES: COMPANY OVERVIEW
  • TABLE 309 IVECO DEFENCE VEHICLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 310 IVECO DEFENCE VEHICLES: PRODUCT LAUNCHES
  • TABLE 311 IVECO DEFENCE VEHICLES: DEALS
  • TABLE 312 IVECO DEFENCE VEHICLES: OTHERS
  • TABLE 313 PARAMOUNT GROUP: COMPANY OVERVIEW
  • TABLE 314 PARAMOUNT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 315 PARAMOUNT GROUP: PRODUCT LAUNCHES
  • TABLE 316 PARAMOUNT GROUP: DEALS
  • TABLE 317 PARAMOUNT GROUP: OTHERS
  • TABLE 318 ARQUUS: COMPANY OVERVIEW
  • TABLE 319 TATRA TRUCKS A.S.: COMPANY OVERVIEW
  • TABLE 320 KALYANI STRATEGIC SYSTEMS LTD.: COMPANY OVERVIEW
  • TABLE 321 AM GENERAL: COMPANY OVERVIEW
  • TABLE 322 MAHINDRA EMIRATES VEHICLE ARMOURING FZ LLC: COMPANY OVERVIEW
  • TABLE 323 TATA ADVANCED SYSTEMS LIMITED: COMPANY OVERVIEW
  • TABLE 324 INKAS ARMORED VEHICLE MANUFACTURING: COMPANY OVERVIEW
  • TABLE 325 STREIT GROUP: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 ARMORED VEHICLES MARKET SEGMENTATION
  • FIGURE 2 REPORT PROCESS FLOW
  • FIGURE 3 RESEARCH DESIGN
  • FIGURE 4 IMPACT OF RUSSIA-UKRAINE WAR ON MACRO FACTORS OF ARMORED VEHICLES MARKET
  • FIGURE 5 IMPACT OF RUSSIA-UKRAINE WAR ON MICRO FACTORS OF ARMORED VEHICLES MARKET
  • FIGURE 6 BOTTOM-UP APPROACH
  • FIGURE 7 TOP-DOWN APPROACH
  • FIGURE 8 DATA TRIANGULATION
  • FIGURE 9 COMBAT VEHICLES TO BE LARGEST SEGMENT DURING FORECAST PERIOD
  • FIGURE 10 WHEELED SEGMENT TO HOLD HIGHER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 11 UNMANNED TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
  • FIGURE 12 ELECTRIC ARMORED VEHICLES TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD
  • FIGURE 13 ASIA PACIFIC TO BE LARGEST MARKET FOR ARMORED VEHICLES DURING FORECAST PERIOD
  • FIGURE 14 NEED FOR BORDER SECURITY AND MARITIME PATROLLING TO DRIVE GROWTH
  • FIGURE 15 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 16 COMBAT VEHICLES TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD
  • FIGURE 17 WHEELED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 18 MANNED SEGMENT TO ACQUIRE MAXIMUM MARKET SHARE IN 2029
  • FIGURE 19 CONVENTIONAL ARMORED VEHICLES TO SURPASS ELECTRIC ARMORED VEHICLES DURING FORECAST PERIOD
  • FIGURE 20 ARMORED VEHICLES MARKET DYNAMICS
  • FIGURE 21 TOP 10 DEFENSE SPENDERS, 2020–2030
  • FIGURE 22 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 23 ECOSYSTEM ANALYSIS
  • FIGURE 24 INDICATIVE PRICING ANALYSIS OF ARMORED VEHICLES, BY PLATFORM, 2023
  • FIGURE 25 VALUE CHAIN ANALYSIS
  • FIGURE 26 EVOLUTION OF KEY TECHNOLOGIES
  • FIGURE 27 EMERGING TRENDS RELATED TO ARMORED VEHICLES
  • FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ARMORED VEHICLES, BY MODE OF OPERATION
  • FIGURE 29 KEY BUYING CRITERIA FOR ARMORED VEHICLES, BY PLATFORM
  • FIGURE 30 EXPORT DATA, BY REGION, 2020–2022
  • FIGURE 31 IMPORT DATA, BY REGION, 2020–2022
  • FIGURE 32 BILL OF MATERIALS FOR ARMORED VEHICLES
  • FIGURE 33 BILL OF MATERIALS FOR MAIN BATTLE TANKS
  • FIGURE 34 BILL OF MATERIALS FOR ARMORED PERSONNEL CARRIERS
  • FIGURE 35 BILL OF MATERIALS FOR INFANTRY FIGHTING VEHICLES
  • FIGURE 36 TOTAL COST OF OWNERSHIP OF ARMORED VEHICLES
  • FIGURE 37 PERCENTAGE BREAKDOWN OF TOTAL COST OF OWNERSHIP
  • FIGURE 38 BUSINESS MODELS OF ARMORED VEHICLES MARKET
  • FIGURE 39 VENTURE CAPITAL FOR UNMANNED GROUND VEHICLES
  • FIGURE 40 TECHNOLOGY TRENDS
  • FIGURE 41 SUPPLY CHAIN ANALYSIS
  • FIGURE 42 PATENT ANALYSIS
  • FIGURE 43 ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029
  • FIGURE 44 ARMORED VEHICLE MARKET, BY TYPE, 2024–2029
  • FIGURE 45 ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029
  • FIGURE 46 ARMORED VEHICLE MARKET, BY MODE OF OPERATION, 2024–2029
  • FIGURE 47 ARMORED VEHICLES MARKET, BY SYSTEM, 2024–2029
  • FIGURE 48 ARMORED VEHICLE MARKET, BY REGION, 2024–2029
  • FIGURE 49 NORTH AMERICA: ARMORED VEHICLES MARKET SNAPSHOT
  • FIGURE 50 EUROPE: ARMORED VEHICLE MARKET SNAPSHOT
  • FIGURE 51 ASIA PACIFIC: ARMORED VEHICLES MARKET SNAPSHOT
  • FIGURE 52 MIDDLE EAST: ARMORED VEHICLE MARKET SNAPSHOT
  • FIGURE 53 REST OF THE WORLD: ARMORED VEHICLES MARKET SNAPSHOT
  • FIGURE 54 MARKET RANKING OF KEY PLAYERS, 2023
  • FIGURE 55 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
  • FIGURE 56 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023
  • FIGURE 57 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 58 COMPANY FOOTPRINT
  • FIGURE 59 COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
  • FIGURE 60 FINANCIAL METRICS OF PROMINENT PLAYERS, 2023
  • FIGURE 61 COMPANY VALUATION OF PROMINENT PLAYERS, 2023
  • FIGURE 62 BRAND/PRODUCT COMPARISON
  • FIGURE 63 RHEINMETALL AG: COMPANY SNAPSHOT
  • FIGURE 64 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 65 OSHKOSH CORPORATION: COMPANY SNAPSHOT
  • FIGURE 66 BAE SYSTEMS: COMPANY SNAPSHOT
  • FIGURE 67 HANWHA GROUP: COMPANY SNAPSHOT
  • FIGURE 68 NORTHROP GRUMMAN: COMPANY SNAPSHOT
  • FIGURE 69 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
  • FIGURE 70 THALES: COMPANY SNAPSHOT
  • FIGURE 71 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
  • FIGURE 72 ST ENGINEERING: COMPANY SNAPSHOT
  • FIGURE 73 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
  • FIGURE 74 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
  • FIGURE 75 HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
  • FIGURE 76 TEXTRON INC.: COMPANY SNAPSHOT
  • FIGURE 77 OTOKAR OTOMOTIV VE SAVUNMA SANAYI: COMPANY SNAPSHOT
  • FIGURE 78 RTX: COMPANY SNAPSHOT

 

The study involved four major activities in estimating the current size of the Armored Vehicles Market. Exhaustive secondary research was done to collect information on the Armored Vehicles Market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analyses were carried out to estimate the overall size of the market. After that, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the Armored Vehicles Market.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included government sources, such as SIPRI; corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.

Primary Research

Extensive primary research was conducted after acquiring information regarding the Armored Vehicles Market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, which includes Africa and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews.

Armored Vehicles Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the Armored vehicles market. The research methodology used to estimate the size of the market includes the following details.

Key players in the Armored vehicles market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews with leaders such as directors, engineers, marketing executives, and other stakeholders of leading companies operating in the Armored  Market.

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the armored vehicles market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

Armored Vehicles Market Size: Bottom-up Approach

Armored Vehicles Market Size, and Bottom-up Approach

Armored Vehicles Market Size: Top-Down Approach

Armored Vehicles Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated market numbers for the market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.

Market Definition

Armored vehicles are designed to carry combat infantry squads to battlefields and provide them with direct fire support. They offer a high level of protection to defense personnel against Improvised Explosive Devices (IEDs), land mines, and indirect enemy fire. These vehicles may be equipped with weapons of different types, calibers, and ranges.

Market Stakeholders

  • Armored Vehicle Manufacturers
  • Ministries of Defense
  • Regulatory Bodies
  • R&D Companies
  • Manufacturers of Ballistic Armor
  • Providers of Weapons and Remote Weapon Stations
  • Providers of Active Protection Systems
  • Manufacturers of Armored Vehicles
  • Providers of Armored Vehicle Components and Sub-components
  • Armed Forces

Report Objectives

  • To define, describe, and forecast the Armored vehicles market size based on platform, type, mobility, mode of operation, point of sale   and Region.
  • To forecast the size of different segments of the market with respect to five major regions: North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, along with their respective key countries
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the market’s growth
  • To identify industry trends and technology trends currently prevailing in the market
  • To analyze micromarkets1 with respect to their individual growth trends, prospects, and contribution to the overall market
  • To profile companies operating in the market based on their product portfolios, market share, and key growth strategies
  • To analyze the degree of competition among players in the market by identifying and analyzing their business revenues,   products offered, and recent developments and ranking them based on these parameters
  • To analyze competitive developments such as deals, new product launches/developments, and partnerships/acquisitions undertaken by key market players
  • To strategically profile key players and comprehensively analyze their share and core competencies in the market

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the Armored Vehicles Market
  • Profiling of other market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Armored Vehicles

Previous Versions of this Report

Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Type (Electric, Conventional), Mobility (Wheeled, Tracked), Systems, Mode of Operation, Point of sale, Region - Forecast to 2027

Report Code AS 2369
Published in Oct, 2022, By MarketsandMarkets™

Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Mobility (Wheeled, Tracked), System (Engine, Drive Systems, Ballistic Armor, C2 Systems, Mode of Operation), Region - Global Forecast to 2025

Report Code AS 2369
Published in Jul, 2020, By MarketsandMarkets™

Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Mobility (Wheeled, Tracked), System (Engine, Drive Systems, Ballistic Armor, Turret Drive, C2 Systems), Region - Global Forecast to 2023

Report Code AS 2369
Published in Feb, 2019, By MarketsandMarkets™

Armored Vehicles Market by Application (Defense, Commercial), Defense Products (MBT, LPV, AAV, MRAP, IFV, APC, Others), Commercial Products (SUV, Sedan, Limousine, Bus/Van, Others), Technology (Active, Passive), Type, & Region - Global Forecast to 2021

Report Code AS 2369
Published in Apr, 2016, By MarketsandMarkets™

Armored Vehicle Market by Product (Main Battle Tanks, Light Protected Vehicles, Amphibious Armored Vehicles, Unmanned Ground Vehicles, MRAP), by Application (Defense, Homeland Security, Commercial), by Technology (Active, Passive) - Global Forecasts to 2014-2019

Report Code AS 2369
Published in Apr, 2014, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Armored Vehicles Market

Chayan

Jun, 2019

We are trying to understand the armored vehicles requirement, subsegment categorization, and the Indian customers for such products..

Adam

May, 2019

Hi. I'm particularity interested in the sections of the market report which covers advancements and new innovations in ballistic armor as well as projections regarding the value and anticipated growth of the US market over the period covered. Many thanks..

Simon

Feb, 2019

Hi. I am after data for the following: 1. Global market size split by region (top 10 markets) 2. Top 5 suppliers 3. Top 10 buyers 4. Best selling model and specs Many Thanks.

Paula

Nov, 2020

Would they have information for Colombia?.

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