The armored vehicle market size was estimated at US$ 29.41 billion in 2022 it is predicted to grow at a CAGR of 5.44% from 2023 to 2032 to reach around US$ 49.95 billion by the end of 2032.
The armored vehicle market report offers an exclusive study of the present state expected at the market dynamics, opportunities, market scheme, growth analysis and regional outlook. The report presents energetic visions to conclude and study the market size, market aspiration, and competitive environment. The research also focuses on the important achievements of the market, research & development, and regional (country by country) growth of the leading vendors operating in the market
The study offers intricate dynamics about different aspects of the global armored vehicle market, which aids companies operating in the market in making strategies development decisions. The study also elaborates on remarkable changes that are highly anticipated to configure growth of the global armored vehicle market during the forecast period. It also includes a key indicator analysis that highlights growth prospects of this market and approximate statistics related to growth of the market in terms of value (US$ Bn) and volume (tons).
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Report Scope of the Armored Vehicle Market
| Report Coverage | Details |
| Revenue Share of Asia Pacific in 2022 | 32.04% |
| Revenue Forecast by 2032 | USD 49.95 billion |
| Growth rate from 2023 to 2032 | CAGR of 5.44% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | BAE Systems; BMW AG; Daimler AG (Mercedes Benz), Elbit Systems; Ford Motor Company; General Dynamics Corporation; INKAS Armored Vehicle Manufacturing; International Armored Group; IVECO; Krauss-Maffei Wegmann GmbH & Co. (KMW); Lenco Industries, Inc.; Lockheed Martin Corporation; Navistar, Inc., Oshkosh Defense, LLC; Rheinmetall AG; STAT, Inc.; Textron, Inc.; Thales Group |
This study covers an elaborate segmentation of the global armored vehicle market, along with important information and a competition outlook. The report mentions company profiles of players that are currently influence the global armored vehicle market, wherein various developments, expansions, and winning strategies practiced and execute by leading players have been presented in detail.
Armored Vehicle Market Segmentations:
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 & Control Vehicles
- Repair & Recovery Vehicles
- Unmanned Armored Ground 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 System
- Engines
- Drive Systems
- Ballistic Armor
- Fire Control Systems (FCS)
- Navigation Systems
By Regional
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Middle East and Africa (MEA)
- Kingdom of Saudi Arabia (KSA)
- UAE
- South Africa
Research Methodology
The research methodology acquire by analysts for assemble the global armored vehicle market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts study numerous annual report declaration, white papers, market association declaration, and company websites to obtain the necessary understanding of the global armored vehicle market.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. System Procurement Analysis
4.3.2. Sales and Distribution Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Armored Vehicle Market
5.1. COVID-19 Landscape: Armored Vehicle Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Armored Vehicle Market, By Product
8.1. Armored Vehicle Market, by Product, 2023-2032
8.1.1. Combat Vehicles
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Combat Support Vehicles
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Armored Vehicle Market, By Type
9.1. Armored Vehicle Market, by Type, 2023-2032
9.1.1. Electric Armored Vehicles
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Conventional Armored Vehicles
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Armored Vehicle Market, By Mobility
10.1. Armored Vehicle Market, by Mobility, 2023-2032
10.1.1. Wheeled
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Tracked
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Armored Vehicle Market, By Mode of Operation
11.1. Armored Vehicle Market, by Mode of Operation, 2023-2032
11.1.1. Manned Armored Vehicles
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Unmanned Armored Vehicles
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Armored Vehicle Market, By Point of Sale
12.1. Armored Vehicle Market, by Point of Sale, 2023-2032
12.1.1. OEM
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Retrofit
12.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global Armored Vehicle Market, By System
13.1. Armored Vehicle Market, by System, 2023-2032
13.1.1. Engines
13.1.1.1. Market Revenue and Forecast (2020-2032)
13.1.2. Drive Systems
13.1.2.1. Market Revenue and Forecast (2020-2032)
13.1.3. Ballistic Armor
13.1.3.1. Market Revenue and Forecast (2020-2032)
13.1.4. Fire Control Systems (FCS)
13.1.4.1. Market Revenue and Forecast (2020-2032)
13.1.5. Navigation Systems
13.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 14. Global Armored Vehicle Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Product (2020-2032)
14.1.2. Market Revenue and Forecast, by Type (2020-2032)
14.1.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.1.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.1.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.1.6. Market Revenue and Forecast, by System (2020-2032)
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Product (2020-2032)
14.1.7.2. Market Revenue and Forecast, by Type (2020-2032)
14.1.7.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.1.7.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.1.8. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.1.8.1. Market Revenue and Forecast, by System (2020-2032)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Product (2020-2032)
14.1.9.2. Market Revenue and Forecast, by Type (2020-2032)
14.1.9.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.1.9.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.1.10. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.1.11. Market Revenue and Forecast, by System (2020-2032)
14.1.11.1.
14.2. Europe
14.2.1. Market Revenue and Forecast, by Product (2020-2032)
14.2.2. Market Revenue and Forecast, by Type (2020-2032)
14.2.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.2.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.2.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.2.6. Market Revenue and Forecast, by System (2020-2032)
14.2.7.
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Product (2020-2032)
14.2.8.2. Market Revenue and Forecast, by Type (2020-2032)
14.2.8.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.2.9. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.2.10. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.2.10.1. Market Revenue and Forecast, by System (2020-2032)
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Product (2020-2032)
14.2.11.2. Market Revenue and Forecast, by Type (2020-2032)
14.2.11.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.2.12. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.2.13. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.2.14. Market Revenue and Forecast, by System (2020-2032)
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Product (2020-2032)
14.2.15.2. Market Revenue and Forecast, by Type (2020-2032)
14.2.15.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.2.15.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.2.16. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.2.16.1. Market Revenue and Forecast, by System (2020-2032)
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Product (2020-2032)
14.2.17.2. Market Revenue and Forecast, by Type (2020-2032)
14.2.17.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.2.17.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.2.18. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.2.18.1. Market Revenue and Forecast, by System (2020-2032)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Product (2020-2032)
14.3.2. Market Revenue and Forecast, by Type (2020-2032)
14.3.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.3.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.3.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.3.6. Market Revenue and Forecast, by System (2020-2032)
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Product (2020-2032)
14.3.7.2. Market Revenue and Forecast, by Type (2020-2032)
14.3.7.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.3.7.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.3.8. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.3.9. Market Revenue and Forecast, by System (2020-2032)
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Product (2020-2032)
14.3.10.2. Market Revenue and Forecast, by Type (2020-2032)
14.3.10.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.3.10.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.3.11. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.3.11.1. Market Revenue and Forecast, by System (2020-2032)
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Product (2020-2032)
14.3.12.2. Market Revenue and Forecast, by Type (2020-2032)
14.3.12.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.3.12.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.3.12.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.3.12.6. Market Revenue and Forecast, by System (2020-2032)
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Product (2020-2032)
14.3.13.2. Market Revenue and Forecast, by Type (2020-2032)
14.3.13.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.3.13.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.3.13.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.3.13.6. Market Revenue and Forecast, by System (2020-2032)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Product (2020-2032)
14.4.2. Market Revenue and Forecast, by Type (2020-2032)
14.4.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.4.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.4.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.4.6. Market Revenue and Forecast, by System (2020-2032)
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Product (2020-2032)
14.4.7.2. Market Revenue and Forecast, by Type (2020-2032)
14.4.7.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.4.7.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.4.8. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.4.9. Market Revenue and Forecast, by System (2020-2032)
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Product (2020-2032)
14.4.10.2. Market Revenue and Forecast, by Type (2020-2032)
14.4.10.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.4.10.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.4.11. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.4.12. Market Revenue and Forecast, by System (2020-2032)
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Product (2020-2032)
14.4.13.2. Market Revenue and Forecast, by Type (2020-2032)
14.4.13.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.4.13.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.4.13.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.4.13.6. Market Revenue and Forecast, by System (2020-2032)
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Product (2020-2032)
14.4.14.2. Market Revenue and Forecast, by Type (2020-2032)
14.4.14.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.4.14.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.4.14.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.4.14.6. Market Revenue and Forecast, by System (2020-2032)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Product (2020-2032)
14.5.2. Market Revenue and Forecast, by Type (2020-2032)
14.5.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.5.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.5.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.5.6. Market Revenue and Forecast, by System (2020-2032)
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Product (2020-2032)
14.5.7.2. Market Revenue and Forecast, by Type (2020-2032)
14.5.7.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.5.7.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.5.8. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.5.8.1. Market Revenue and Forecast, by System (2020-2032)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Product (2020-2032)
14.5.9.2. Market Revenue and Forecast, by Type (2020-2032)
14.5.9.3. Market Revenue and Forecast, by Mobility (2020-2032)
14.5.9.4. Market Revenue and Forecast, by Mode of Operation (2020-2032)
14.5.9.5. Market Revenue and Forecast, by Point of Sale (2020-2032)
14.5.9.6. Market Revenue and Forecast, by System (2020-2032)
Chapter 15. Company Profiles
15.1. BAE Systems
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. BMW AG
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Daimler AG (Mercedes Benz)
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Elbit Systems
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Ford Motor Company
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. General Dynamics Corporation
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. INKAS Armored Vehicle Manufacturing
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. International Armored Group
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. IVECO
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. Krauss-Maffei Wegmann GmbH & Co. (KMW)
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
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