Armored Vehicle Market
Armored Vehicle Market - Global Industry Assessment & Forecast
Segments Covered
- By Platform Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles
- By Mobility Wheeled, Tracked
- By System Engine, Drive System, Ballistic Armor, Turret Drives, Ammunition Handling System, Fire Control Systems (FCS), Armaments, Countermeasure System, Command & Control (C2) System, Power System, Navigation System, Observation & Display System, Hulls/Frames
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 17.2 Billion |
Revenue 2030: | USD 108.5 Billion |
Revenue CAGR (2023 - 2030): | 30.1% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
-
Executive Dashboard
- Strategic Imperatives
-
Premium Insights
- Top 3 Trends to Watch
- Demand and Supply Trends
- Top 3 Strategies Followed by Major Players
- Top 3 Predictions by Vantage Market Research
- Top Investment Pockets
- Insights from Primary Respondents
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Global Armored Vehicle Market - Segment Analysis
- Overview
- Global Armored Vehicle Market, 2016 - 2028 (USD Million)
-
Global Armored Vehicle Market - by Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
-
Global Armored Vehicle Market - by Mobility
- By Wheeled
- By Tracked
-
Global Armored Vehicle Market - by System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
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Global Armored Vehicle Market - by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market comparative analysis
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North America Armored Vehicle Market - Segment Analysis
- Overview
- North America Armored Vehicle Market, 2016 - 2028 (USD Million)
-
North America Armored Vehicle Market, by Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
-
North America Armored Vehicle Market, by Mobility
- By Wheeled
- By Tracked
-
North America Armored Vehicle Market, by System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
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North America Armored Vehicle Market, by Country
- U.S.
- U.S. Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- U.S. Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- U.S. Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- U.S. Armored Vehicle Market, By Platform
- Canada
- Canada Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Canada Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Canada Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Canada Armored Vehicle Market, By Platform
- Mexico
- Mexico Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Mexico Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Mexico Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Mexico Armored Vehicle Market, By Platform
- U.S.
-
Europe Armored Vehicle Market - Segment Analysis
- Overview
- Europe Armored Vehicle Market, 2016 - 2028 (USD Million)
-
Europe Armored Vehicle Market, by Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
-
Europe Armored Vehicle Market, by Mobility
- By Wheeled
- By Tracked
-
Europe Armored Vehicle Market, by System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
-
Europe Armored Vehicle Market, by Country
- Germany
- Germany Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Germany Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Germany Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Germany Armored Vehicle Market, By Platform
- UK
- UK Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- UK Market, By Mobility
- By Wheeled
- By Tracked
- UK Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- UK Market, By Platform
- France
- France Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- France Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- France Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- France Armored Vehicle Market, By Platform
- Spain
- Spain Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Spain Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Spain Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Spain Armored Vehicle Market, By Platform
- Italy
- Italy Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Italy Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Italy Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Italy Armored Vehicle Market, By Platform
- BENELUX
- BENELUX Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- BENELUX Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- BENELUX Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- BENELUX Armored Vehicle Market, By Platform
- Rest of Europe
- Rest Of Europe Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Rest Of Europe Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Rest Of Europe Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Rest Of Europe Armored Vehicle Market, By Platform
- Germany
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Asia Pacific Armored Vehicle Market - Segment Analysis
- Overview
- Asia Pacific Armored Vehicle Market, 2016 - 2028 (USD Million)
-
Asia Pacific Armored Vehicle Market, by Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
-
Asia Pacific Armored Vehicle Market, by Mobility
- By Wheeled
- By Tracked
-
Asia Pacific Armored Vehicle Market, by System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
-
Asia Pacific Armored Vehicle Market, by Country
- China
- China Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- China Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- China Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- China Armored Vehicle Market, By Platform
- Japan
- Japan Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Japan Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Japan Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Japan Armored Vehicle Market, By Platform
- India
- India Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- India Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- India Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- India Armored Vehicle Market, By Platform
- South Korea
- South Korea Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- South Korea Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- South Korea Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- South Korea Armored Vehicle Market, By Platform
- South East Asia
- South East Asia Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- South East Asia Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- South East Asia Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- South East Asia Armored Vehicle Market, By Platform
- Rest of Asia Pacific
- Rest of Asia Pacific Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Rest of Asia Pacific Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Rest of Asia Pacific Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Rest of Asia Pacific Armored Vehicle Market, By Platform
- China
-
Latin America Armored Vehicle Market - Segment Analysis
- Overview
- Latin America Armored Vehicle Market, 2016 - 2028 (USD Million)
-
Latin America Armored Vehicle Market, by Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
-
Latin America Armored Vehicle Market, by Mobility
- By Wheeled
- By Tracked
-
Latin America Armored Vehicle Market, by System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
-
Latin America Armored Vehicle Market, by Country
- Brazil
- Brazil Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Brazil Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Brazil Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Brazil Armored Vehicle Market, By Platform
- Argentina
- Argentina Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Argentina Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Argentina Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Argentina Armored Vehicle Market, By Platform
- Rest of Latin America
- Rest of Latin America Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Rest of Latin America Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Rest of Latin America Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Rest of Latin America Armored Vehicle Market, By Platform
- Brazil
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Middle East & Africa Armored Vehicle Market - Segment Analysis
- Overview
- Middle East & Africa Armored Vehicle Market, 2016 - 2028 (USD Million)
-
Middle East & Africa Armored Vehicle Market, by Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
-
Middle East & Africa Armored Vehicle Market, by Mobility
- By Wheeled
- By Tracked
-
Middle East & Africa Armored Vehicle Market, by System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
-
Middle East & Africa Armored Vehicle Market, by Country
- GCC Countries
- GCC Countries Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- GCC Countries Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- GCC Countries Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- GCC Countries Armored Vehicle Market, By Platform
- South Africa
- South Africa Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- South Africa Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- South Africa Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- South Africa Armored Vehicle Market, By Platform
- Rest of Middle East & Africa
- Rest of Middle East & Africa Armored Vehicle Market, By Platform
- By Combat Vehicles
- By Combat Support Vehicles
- By Unmanned Armored Ground Vehicles
- Rest of Middle East & Africa Armored Vehicle Market, By Mobility
- By Wheeled
- By Tracked
- Rest of Middle East & Africa Armored Vehicle Market, By System
- By Engine
- By Drive System
- By Ballistic Armor
- By Turret Drives
- By Ammunition Handling System
- By Fire Control Systems (FCS)
- By Armaments
- By Countermeasure System
- By Command & Control (C2) System
- By Power System
- By Navigation System
- By Observation & Display System
- By Hulls/Frames
- Rest of Middle East & Africa Armored Vehicle Market, By Platform
- GCC Countries
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Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter's Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
-
COVID 19 Impact Analysis
- Key strategies undertaken by companies to tackle COVID-19
- Short term dynamics
- Long term dynamics
-
Marketing Stratagy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
-
Competative Landscape
- Competition Matrix - 2021
- Company Market Share Analysis - 2021
- Key Company Activities, 2018 - 2021
- Strategic Developments - Heat Map Analysis
- Company Offering Evaluation
- Company Regional Presence Evaluation
-
Company Profiles
- BAE Systems (UK)
- Denel SOC Ltd (South Africa)
- General Dynamics Corporation (U.S.)
- IVECO DEFENCE VEHICLES (Italy)
- Krauss-Maffei Wegmann GmbH & Co. KG (Germany)
- NORINCOGROUP.com Inc. (China)
- Oshkosh Defense - LLC An Oshkosh Corporation Company (U.S.)
- Otokar - A KOC Group Company (Turkey)
- Rheinmetall AG (Germany)
- Textron Systems (U.S.)
- Key Primary Respondents - VERBATIM
- Discussion Guide
- Customization Offered
- Annexure
- List of Figures
- List of Tables
- List of Abbreviations
FAQ
Frequently Asked Question
What is the global demand for Armored Vehicle in terms of revenue?
-
The global Armored Vehicle valued at USD 17.2 Billion in 2022 and is expected to reach USD 108.5 Billion in 2030 growing at a CAGR of 30.1%.
Which are the prominent players in the market?
-
The prominent players in the market are BAE Systems (UK), Denel SOC Ltd (South Africa), General Dynamics Corporation (U.S.), IVECO DEFENCE VEHICLES (Italy), Krauss-Maffei Wegmann GmbH & Co. KG (Germany), NORINCOGROUP.com Inc. (China), Oshkosh Defense - LLC An Oshkosh Corporation Company (U.S.), Otokar - A KOC Group Company (Turkey), Rheinmetall AG (Germany), Textron Systems (U.S.).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 30.1% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Armored Vehicle include
- Improving ISR and target acquistion capabilities of defense forces
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Armored Vehicle in 2022.