Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Ground Vehicles), Mobility (Wheeled, Tracked), Propulsion (Conventional, Electric), System, Operation Mode, Point of Sale and Region - Global Forecast to 2030

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USD 49.90 BN
MARKET SIZE, 2030

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CAGR 3.5%
(2025-2030)

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338
REPORT PAGES

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327
MARKET TABLES

OVERVIEW

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The armored vehicles market is projected to grow from USD 42.0 billion in 2025 to USD 49.9 billion by 2030, at a CAGR of 3.5%. The volume of armored vehicles is projected to grow from 14,393 (units) in 2025 to 16,536 (units) by 2030. Growth is driven by rising defense spending, geopolitical tensions, and the need for enhanced border security. Continuous technological advancements in protection and mobility are enhancing vehicle capabilities. These improvements are also attracting investments and supporting sustained long-term growth in the market.

KEY TAKEAWAYS

  • BY PLATFORM
    Armored vehicle demand is shaped by the balance between combat, support, and unmanned systems, with modernization programs and evolving mission profiles such as urban warfare and counter-insurgency driving diversification.
  • BY SYSTEM
    Advancements in subsystems, including C4ISR, armaments, and countermeasure technologies, are enhancing lethality, survivability, and interoperability, positioning integrated systems as key value creators.
  • BY MODE OF OPERATION
    Manned platforms continue to provide assured control in complex combat environments, while unmanned solutions are increasingly deployed for reconnaissance, surveillance, and autonomous missions as force multipliers.
  • BY MOBILITY
    Wheeled vehicles offer strategic speed and cost advantages for rapid deployments, while tracked platforms deliver superior performance in high-intensity and off-road operations, making both essential for mission flexibility.
  • BY POINT OF SALE
    OEM procurement supports new platform acquisition and fleet modernization, while the aftermarket ensures lifecycle support, upgrades, and sustainment, creating dual revenue streams for industry stakeholders.
  • BY TYPE
    Conventional vehicles dominate current fleets due to their established infrastructure, while electric and hybrid platforms are emerging as future-ready alternatives that align with efficiency and sustainability goals.
  • BY REGION
    Regional growth drivers differ across markets. North America focuses on advanced R&D, Europe on joint defense programs, and Asia-Pacific on accelerating indigenous production. The Middle East is boosting procurement due to security threats, while other regions prioritize cost-efficient modernization of existing fleets.
  • COMPETITIVE LANDSCAPE
    Major players are pursuing organic and inorganic strategies, including partnerships and investments. For instance, Rheinmetall received a multimillion-dollar contract from the Japanese Ministry of Defence to supply Mission Master SP unmanned ground vehicles (UGVs) for surveillance, logistics, and autonomous support operations.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The future outlook for the armored vehicles industry indicates strong growth, supported by sustained expansion as governments focus on fleet modernization to address evolving security challenges. The integration of advanced technologies, including AI, unmanned systems, and next-generation armor, will enhance operational effectiveness and survivability. Ongoing defense investments and replacement cycles are expected to generate long-term growth opportunities for industry stakeholders.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Rising military modernization programs
  • Growing demand for armored vehicles to tackle cross-border conflicts

RESTRAINTS
Impact
Level
  • Susceptibility to mechanical and electrical failures
  • Survivability risks for personnel onboard armored vehicles

OPPORTUNITIES
Impact
Level
  • Rising technology integration and upgrades in military vehicles
  • Adoption of lifecycle optimization strategies for sustainment

CHALLENGES
Impact
Level
  • High costs of main battle tanks
  • Hardware and software malfunction

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Rising military modernization programs

Military modernization is a key growth driver, with over USD 50 billion allocated globally to replace aging fleets and adopt next-generation platforms. Major programs in the US, Europe, India, and Asia focus on AI-enabled systems, digital integration, and survivability, while countries such as the UK, Australia, and Saudi Arabia link modernization to industrial capability development. These initiatives ensure sustained demand and long-term investment opportunities worldwide.

Restraint:Survivability risks for personnel onboard armored vehicles

Despite significant advancements in armor systems, countermeasures, and protection technologies, armored vehicles remain vulnerable to evolving threats, including improvised explosive devices, mines, and advanced enemy weaponry. Enhancing crew protection often adds weight, which drives up operational costs and reduces mobility and efficiency. These ongoing vulnerabilities directly affect procurement priorities and continue to constrain the overall effectiveness of armored platforms.

Opportunity: Rising technology integration and upgrades in military vehicles

Technology integration presents a significant opportunity as armored vehicles adopt C4ISR suites, AI-enabled navigation, precision-guided munitions, and automated loading systems. These upgrades enhance situational awareness, accuracy, and survivability, driving demand for compatible solutions and reshaping procurement priorities.

Challenge: High costs of main battle tanks

The development and acquisition of main battle tanks demand substantial investment, with advanced configurations further driving costs. This financial burden limits large-scale procurement, especially in emerging economies, and pushes manufacturers and governments to prioritize prototyping, lighter vehicles, or fleet modernization over new MBT acquisitions.

Armored Vehicles Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Open-architecture integration of C4ISR and electronic warfare systems into tactical wheeled and ground combat vehicles Enhances interoperability, optimizes space and power use, improves situational awareness, and supports future upgrades without major redesign
Electric armor system that neutralizes anti-tank grenades and shells on impact Strengthens crew protection, reduces vehicle vulnerability to shaped charges, lowers weight compared to conventional armor, and improves battlefield resilience
See-through Armor (STA) using high-resolution imaging and integration with vehicle systems Delivers 360° situational awareness, improves threat detection in low-visibility conditions, and enhances crew safety through real-time transparent vision capability
ProPulse hybrid diesel-electric propulsion for heavy-duty armored vehicles Improves fuel efficiency, reduces lifecycle costs, provides onboard power generation, and increases operational flexibility through modular hybrid design
ADAPTIV adaptive camouflage using thermal pixel technology Enhances stealth by making vehicles less visible to infrared and surveillance systems, improves survivability, and allows rapid replacement of damaged modules
Advanced SATCOM and VSAT solutions for defense and mobility Provides secure, resilient, and low-latency communications, ensuring operational connectivity for defense, mobility, and government missions

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The armored vehicles market ecosystem is shaped by major defense firms, specialized SMEs, and end users. Large companies drive technological innovation through R&D, while SMEs provide niche capabilities and tailored solutions. End users, including military forces, governments, and law enforcement agencies, are the primary demand drivers influencing procurement priorities and market growth.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Armored Vehicles Market, By Platform

Combat vehicles command the largest share, driven by their critical role in modern warfare, which involves delivering mobility, protection, and firepower. Ongoing fleet modernization and procurement of main battle tanks and infantry fighting vehicles continue to sustain demand in this segment.

Armored Vehicles Market, By Mobility

Wheeled armored vehicles lead the market due to their operational flexibility, cost efficiency, and suitability for urban and cross-border missions. Their growing use in peacekeeping and rapid-deployment operations reinforces their dominance.

Armored Vehicles Market, By System

Armaments represent the most significant system segment as defense forces prioritize upgrading offensive and defensive capabilities. Investments in precision-guided munitions, remote weapon stations, and fire-control technologies are key drivers of growth.

Armored Vehicles Market, By Mode of Operation

Manned armored vehicles hold the largest share, supported by their proven battlefield reliability and direct operator control. Their established role in complex combat environments ensures continued preference over unmanned alternatives.

Armored Vehicles Market, By Type

Conventional vehicles dominate the market, backed by mature production infrastructure and widespread deployment. Their cost-effectiveness and alignment with large-scale modernization programs strengthen their position.

Armored Vehicles Market, By Point of Sale

OEM sales account for the largest share as defense agencies procure directly from manufacturers under long-term modernization initiatives. Demand for next-generation platforms continues to drive OEM-led growth.

REGION

Middle East to be fastest-growing region in global armored vehicles market during forecast period

The Middle East is the fastest-growing region in the armored vehicles market, driven by rising defense spending, border security needs, and ongoing modernization programs. Strong economic capacity from oil revenues and persistent regional tensions are accelerating procurement and development of advanced platforms.

Armored Vehicles Market: COMPANY EVALUATION MATRIX

The company evaluation matrix for the armored vehicles market evaluates players based on product footprint and market share. It highlights their competitive positioning and ranks them according to market strength and growth strategies. Rheinmetall AG (Star) is positioned as a leading defense player, with a strong focus on advanced combat vehicles, protection systems, and integrated weapon solutions. Hyundai Rotem (Emerging Leader) is recognized as a leading innovator in this market.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 40.58 Billion
Market Forecast in 2030 (Value) USD 49.90 Billion
Growth Rate CAGR of 3.5% from 2025–2030
Years Considered 2021–2030
Base Year 2024
Forecast Period 2025–2030
Units Considered Value (USD Million/Billion), Volume (Units)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • Platform:
    • Combat Vehicles
    • Combat Support Vehicles
    • Unmanned Armored Ground Vehicles
  • Mobility:
    • Wheeled
    • Tracked
  • System:
    • Engines
    • Drive Systems
    • Ballistic Armors
    • Turret Drives
    • Fire Control Systems
    • Armaments
    • Others
  • Mode of Operation:
    • Manned
    • Unmanned
  • Type:
    • Electric Armored Vehicles
    • Conventional Armored Vehicles
  • Point of Sale:
    • OEM
    • Retrofit
Regions Covered North America, Europe, Asia Pacific, Middle East, and Rest of the World

WHAT IS IN IT FOR YOU: Armored Vehicles Market REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Civil Armored Vehicles Market Customization (Global – Historic & Forecast Market Numbers) A dedicated civil armored vehicles (non-military) market study providing an in-depth assessment of the market in terms of value and volume. The analysis covers vehicle categories and regional distribution, highlighting comparative benchmarks across different types of civil armored platforms. It delivers quantitative insights into the number of units deployed and the corresponding market valuation, offering a clear view of demand dynamics.
  • Delivered region-specific intelligence with market value and volume data
  • Enabled the client to assess growth opportunities using quantitative benchmarks
  • Provided detailed comparative analysis of value and volume across categories
  • Strengthened visibility of regional demand trends in civil armored vehicles.
Geopolitical Situation & Impact on Armored Vehicles Market
  • Delivered a omprehensive analysis of the armored vehicles market with focus on geopolitical impact, including: Market Dynamics & Trend Indicators (increased defense spending)
  • Recent Developments & Deals (tables with date, companies, deal type, description)
  • Military Aid to Ukraine (donor/receiver, type, value, package details)
  • Emerging Use Cases (e.g., retrofitted vehicles for training)
  • Impact Assessment of Russia–Ukraine War on manufacturing, operations, and sales (Low/Moderate/High framework)
  • Market Outlook with pre/post-war growth trajectory and geopolitical drivers
  • Clear mapping of how geopolitical events reshape demand for armored vehicles
  • Quantified impact of the Russia–Ukraine war on supply chains, workforce, MRO, modernization, and sales
  • Tracking of military aid packages (by donor countries) and their influence on armored vehicle demand
  • Structured deal-tracking and new contracts for vehicles, upgrades, and services
  • Emerging use cases showing evolving applications in training and warfare
  • Actionable foresight on market growth linked to conflicts and rising defense budgets
Detailed segmentation of the armored vehicles market by platform and sub-categories with regional and country-level breakdown (Value and Volume)
  • Delivered market size analysis by Value (USD) and Volume (units) for:
  • Combat Vehicles (Main Battle Tanks, Infantry Fighting Vehicles, Armored Personnel Carriers, Armored Amphibious Vehicles, MRAPs, Light Armored Vehicles, Self-propelled Howitzers, Air Defense Vehicles, Armored Mortar Carriers)
  • Combat Support Vehicles (Armored Supply Trucks, Armored Command & Control Vehicles, Repair & Recovery Vehicles, Others)
  • Unmanned AGVs
  • Covered 5 regions (NA, EU, APAC, MEA, RoW) and 20 key countries with detailed Value & Volume splits
  •  
  • Clear understanding of demand trends across both combat and support platforms
  • Comprehensive quantification of market by Value and Volume, enhancing comparability across regions
  • Region- and country-level insights highlighting demand hotspots and procurement trends
  • Granularity across 20 countries, aiding precise go-to-market and investment strategies
  • Distinction between combat vehicles vs. support vehicles vs. unmanned AGVs for better portfolio targeting

RECENT DEVELOPMENTS

  • May 2025 : Oshkosh Defense secured a contract for USD 34 million to manufacture wheel and tire assemblies for the US Army. This four-year contract ensures the timely availability of essential components that support routine maintenance and sustainment of the Army’s tactical vehicle fleet
  • May 2025 : IDV was awarded a contract to supply 785 military logistic vehicles to the Dutch Armed Forces. The contract includes 8×8 and 4×4 military trucks in three versions: semitrailer tractor, recovery, and hook-lift. Deliveries are scheduled between 2027 and 2029, with an option for an additional 785 vehicles.
  • April 2025 : The Netherlands Marine Corps awarded Oshkosh Defense a contract to deliver 150 JLTV-based Dutch Expeditionary Patrol Vehicles (DXPV).
  • April 2025 : The US Army placed a USD 95 million order under the Family of Heavy Tactical Vehicles (FHTV) V contract. The order includes autonomy-ready PLS A2 vehicles, supporting logistics modernization efforts with enhanced powertrains, armor, and digital readiness for future autonomy integration.
  • April 2025 : Hanwha Aerospace signed a contract with Poland's Huta Stalowa Wola (HSW) to supply chassis and power packs for 87 Krab self-propelled howitzers (SPHs). The contract, valued at approximately USD 280 million, includes deliveries between 2026 and 2028, enhancing Poland's artillery capabilities.

 

Table of Contents

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TITLE
PAGE NO
1
INTRODUCTION
 
 
 
33
2
RESEARCH METHODOLOGY
 
 
 
39
3
EXECUTIVE SUMMARY
 
 
 
48
4
PREMIUM INSIGHTS
 
 
 
52
5
MARKET OVERVIEW
Rising defense budgets and tech upgrades drive demand for advanced, resilient armored vehicles.
 
 
 
55
 
5.1
INTRODUCTION
 
 
 
 
5.2
MARKET DYNAMICS
 
 
 
 
 
5.2.1
DRIVERS
 
 
 
 
 
5.2.1.1
RISING MILITARY MODERNIZATION PROGRAMS
 
 
 
 
5.2.1.2
GROWING DEMAND FOR ARMORED VEHICLES TO TACKLE CROSS-BORDER CONFLICTS
 
 
 
 
5.2.1.3
RISING INCIDENCES OF ASYMMETRIC WARFARE
 
 
 
 
5.2.1.4
INCREASED GLOBAL DEFENSE SPENDING
 
 
 
5.2.2
RESTRAINTS
 
 
 
 
 
5.2.2.1
SUSCEPTIBILITY TO MECHANICAL AND ELECTRICAL FAILURES
 
 
 
 
5.2.2.2
SURVIVABILITY RISKS FOR PERSONNEL ONBOARD ARMORED VEHICLES
 
 
 
5.2.3
OPPORTUNITIES
 
 
 
 
 
5.2.3.1
RISING TECHNOLOGY INTEGRATION AND UPGRADES IN MILITARY VEHICLES
 
 
 
 
5.2.3.2
ADOPTION OF LIFECYCLE OPTIMIZATION STRATEGIES FOR SUSTAINMENT
 
 
 
 
5.2.3.3
SURGE IN DEMAND FOR LIGHT ARMORED VEHICLES IN ASYMMETRIC WARFARE
 
 
 
 
5.2.3.4
INCREASING PROCUREMENT OF UNMANNED SYSTEMS BY DEFENSE FORCES
 
 
 
 
5.2.3.5
RISE OF NEXT-GEN AMPHIBIOUS AND ARCTIC-CAPABLE PLATFORMS
 
 
 
5.2.4
CHALLENGES
 
 
 
 
 
5.2.4.1
HARDWARE AND SOFTWARE MALFUNCTIONS
 
 
 
 
5.2.4.2
HIGH COSTS OF MAIN BATTLE TANKS
 
 
5.3
TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
 
5.4.1
PROMINENT COMPANIES
 
 
 
 
5.4.2
PRIVATE AND SMALL ENTERPRISES
 
 
 
 
5.4.3
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
 
 
 
 
 
 
5.9.1
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
5.9.2
BUYING CRITERIA
 
 
 
5.10
USE CASE ANALYSIS
 
 
 
 
 
5.10.1
VEHICLE INTEGRATION FOR C4ISR/EW INTEROPERABILITY (VICTORY) INITIATIVE
 
 
 
 
5.10.2
ELECTRIC FORCE FIELD FOR ARMORED VEHICLES
 
 
 
 
5.10.3
SEE-THROUGH ARMOR
 
 
 
 
5.10.4
OSHKOSH PROPULSION HYBRID DIESEL-ELECTRIC SYSTEM
 
 
 
 
5.10.5
ADAPTIVE CAMOUFLAGE SYSTEM
 
 
 
5.11
KEY CONFERENCES AND EVENTS, 2024–2025
 
 
 
 
5.12
TRADE ANALYSIS
 
 
 
 
 
 
5.12.1
EXPORT DATA
 
 
 
 
5.12.2
IMPORT DATA
 
 
 
5.13
TECHNOLOGY ANALYSIS
 
 
 
 
 
5.13.1
KEY TECHNOLOGY
 
 
 
 
 
5.13.1.1
DESIGN AND IMPLEMENTATION OF SOLAR-POWERED ARMORED VEHICLES
 
 
 
 
5.13.1.2
DEVELOPMENT OF MULTI-PAYLOAD UNMANNED ARMORED VEHICLES
 
 
 
5.13.2
COMPLEMENTARY TECHNOLOGY
 
 
 
 
 
5.13.2.1
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
 
 
 
 
5.19
IMPACT OF 2025 US TARIFFS – OVERVIEW
 
 
 
 
 
 
5.19.1
INTRODUCTION
 
 
 
 
5.19.2
KEY TARIFF RATES
 
 
 
 
5.19.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.19.4
IMPACT ON COUNTRY/REGION
 
 
 
 
 
5.19.4.1
US
 
 
 
 
5.19.4.2
EUROPE
 
 
 
 
5.19.4.3
ASIA PACIFIC
 
 
 
 
5.19.4.4
IMPACT ON END USERS
 
 
5.20
IMPACT OF AI
 
 
 
 
 
 
5.20.1
INTRODUCTION
 
 
 
 
5.20.2
IMPACT OF AI ON DEFENSE INDUSTRY
 
 
 
 
5.20.3
ADOPTION OF AI IN MILITARY BY TOP COUNTRIES
 
 
 
 
5.20.4
IMPACT OF AI ON ARMORED VEHICLES MARKET
 
 
 
5.21
MACROECONOMIC OUTLOOK
 
 
 
 
 
5.21.1
INTRODUCTION
 
 
 
 
5.21.2
NORTH AMERICA
 
 
 
 
5.21.3
EUROPE
 
 
 
 
5.21.4
ASIA PACIFIC
 
 
 
 
5.21.5
MIDDLE EAST
 
 
 
 
5.21.6
REST OF THE WORLD
 
 
6
INDUSTRY TRENDS
Discover cutting-edge advancements reshaping defense with tech-driven innovations and strategic supply chain insights.
 
 
 
104
 
6.1
INTRODUCTION
 
 
 
 
6.2
TECHNOLOGY TRENDS
 
 
 
 
 
6.2.1
ACTIVE PROTECTION SYSTEM
 
 
 
 
 
6.2.1.1
SOFT-KILL TECHNOLOGY
 
 
 
 
6.2.1.2
ELECTRO-OPTICAL JAMMER
 
 
 
 
6.2.1.3
HARD-KILL TECHNOLOGY
 
 
 
6.2.2
REACTIVE ARMOR TECHNOLOGY
 
 
 
 
6.2.3
PROGRAMMABLE AMMUNITION
 
 
 
 
6.2.4
LINKLESS FEED SYSTEM
 
 
 
 
6.2.5
AMMUNITION FEED CHUTE
 
 
 
 
6.2.6
SENSOR FUSION TECHNOLOGY
 
 
 
6.3
IMPACT OF MEGATRENDS
 
 
 
 
 
6.3.1
IMPROVED AMMUNITION CARRYING CAPABILITY
 
 
 
 
6.3.2
INNOVATIONS IN MICRO-ELECTROMECHANICAL SYSTEM AND NANOTECHNOLOGY
 
 
 
 
6.3.3
INTEROPERABLE COMMUNICATION SYSTEM
 
 
 
 
6.3.4
ADVANCED AUTOLOADER
 
 
 
6.4
SUPPLY CHAIN ANALYSIS
 
 
 
 
 
6.5
PATENT ANALYSIS
 
 
 
 
7
ARMORED VEHICLES MARKET, BY PLATFORM
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 2 Data Tables
 
 
 
112
 
7.1
INTRODUCTION
 
 
 
 
7.2
COMBAT VEHICLES
 
 
 
 
 
7.2.1
MAIN BATTLE TANKS
 
 
 
 
 
7.2.1.1
SURGE IN UPGRADE AND PROCUREMENT PROGRAMS TO DRIVE GROWTH
 
 
 
 
7.2.1.2
USE CASE: LEOPARD 2A7 IN NATO FORWARD PRESENCE OPERATIONS IN LITHUANIA BY KRAUSS-MAFFEI WEGMANN
 
 
 
7.2.2
INFANTRY FIGHTING VEHICLES
 
 
 
 
 
7.2.2.1
ONGOING DEVELOPMENTS BY PROMINENT DEFENSE COMPANIES AND GOVERNMENTS TO DRIVE GROWTH
 
 
 
 
7.2.2.2
USE CASE: BMP-2 IFV USED BY INDIAN ARMY IN EASTERN LADAKH PATROLS BY ORDNANCE FACTORY BOARD
 
 
 
7.2.3
ARMORED PERSONNEL CARRIERS
 
 
 
 
 
7.2.3.1
SIGNIFICANT INVESTMENTS IN DEFENSE ARMORED VEHICLES TO DRIVE GROWTH
 
 
 
 
7.2.3.2
USE CASE: STRYKER APC IN NATO PEACEKEEPING MISSIONS IN EASTERN EUROPE BY GENERAL DYNAMICS LAND SYSTEMS
 
 
 
7.2.4
ARMORED AMPHIBIOUS VEHICLES
 
 
 
 
 
7.2.4.1
INNOVATIONS IN PROPULSION TECHNOLOGY AND HULL DESIGN TO DRIVE GROWTH
 
 
 
 
7.2.4.2
USE CASE: USMC AAV-7 DEPLOYMENT IN PACIFIC AMPHIBIOUS ASSAULT DRILLS BY BAE SYSTEMS
 
 
 
7.2.5
MINE-RESISTANT AMBUSH-PROTECTED VEHICLES
 
 
 
 
 
7.2.5.1
NEED FOR PROTECTION AGAINST ROCKET-PROPELLED GRENADES AND SMALL ARMS TO DRIVE GROWTH
 
 
 
 
7.2.5.2
USE CASE: OSHKOSH M-ATV IN US SPECIAL FORCES OPERATIONS IN AFRICA BY OSHKOSH DEFENSE
 
 
 
7.2.6
LIGHT ARMORED VEHICLES
 
 
 
 
 
7.2.6.1
NEED FOR RAPID RESPONSE IN FLUID COMBAT SITUATIONS TO DRIVE GROWTH
 
 
 
 
7.2.6.2
USE CASE: CANADIAN LAV III IN UN PEACEKEEPING OPERATIONS IN MALI BY GENERAL DYNAMICS LAND SYSTEMS – CANADA
 
 
 
7.2.7
SELF-PROPELLED HOWITZERS
 
 
 
 
 
7.2.7.1
ADVANCED TARGETING TECHNOLOGIES AND POWERFUL MUNITIONS TO DRIVE GROWTH
 
 
 
 
7.2.7.2
USE CASE: K9 THUNDER SELF-PROPELLED HOWITZER IN SOUTH KOREAN ARTILLERY DETERRENCE ALONG DMZ BY HANWHA AEROSPACE
 
 
 
7.2.8
AIR DEFENSE VEHICLES
 
 
 
 
 
7.2.8.1
TREND TOWARD FULLY AUTOMATED AIR DEFENSE SYSTEMS TO DRIVE GROWTH
 
 
 
 
7.2.8.2
USE CASE: PANTSIR-S1 AIR DEFENSE VEHICLE IN SYRIAN THEATER BY KBP INSTRUMENT DESIGN BUREAU
 
 
 
7.2.9
ARMORED MORTAR CARRIERS
 
 
 
 
 
7.2.9.1
ABILITY TO PROVIDE INCREASED FIREPOWER AND MOBILITY TO DRIVE GROWTH
 
 
 
 
7.2.9.2
USE CASE: M1129 STRYKER MORTAR CARRIER IN US MECHANIZED INFANTRY UNITS BY GENERAL DYNAMICS LAND SYSTEMS
 
 
7.3
COMBAT SUPPORT VEHICLES
 
 
 
 
 
7.3.1
ARMORED SUPPLY TRUCKS
 
 
 
 
 
7.3.1.1
FOCUS ON ENSURING SECURE DELIVERY OF VITAL SUPPLIES TO FRONTLINE UNITS TO DRIVE GROWTH
 
 
 
 
7.3.1.2
ARMORED FUEL TRUCKS
 
 
 
 
7.3.1.3
ARMORED AMMUNITION REPLENISHMENT VEHICLES
 
 
 
 
7.3.1.4
ARMORED AMBULANCES
 
 
 
7.3.2
ARMORED COMMAND & CONTROL VEHICLES
 
 
 
 
 
7.3.2.1
SEAMLESS INTEGRATION WITH EXISTING MILITARY SYSTEMS TO DRIVE GROWTH
 
 
 
 
7.3.2.2
USE CASE: BOXER COMMAND VARIANT USED BY UKRAINIAN FORCES FOR TACTICAL CONTROL NEAR BAKHMUT BY ARTEC
 
 
 
7.3.3
REPAIR & RECOVERY VEHICLES
 
 
 
 
 
7.3.3.1
NEED FOR TOWING OR REPAIRING COMBAT VEHICLES ON BATTLEFIELDS TO DRIVE GROWTH
 
 
 
 
7.3.3.2
USE CASE: M88A2 HERCULES DEPLOYED BY US FORCES IN IRAQ FOR ARMORED VEHICLE RECOVERY BY BAE SYSTEMS
 
 
 
7.3.4
BRIDGE-LAYING TANKS
 
 
 
 
 
7.3.4.1
OPERATIONAL READINESS TO DRIVE GROWTH
 
 
 
 
7.3.4.2
USE CASE: RUSSIAN MTU-90 BRIDGE-LAYING TANK USED IN RIVER CROSSINGS DURING DONBAS OFFENSIVE BY URALVAGONZAVOD
 
 
 
7.3.5
MINE CLEARANCE VEHICLES
 
 
 
 
 
7.3.5.1
HIGH DEMAND FOR PREVENTION OF MINE BLASTS AND OTHER BATTLEFIELD HAZARDS TO DRIVE GROWTH
 
 
 
 
7.3.5.2
USE CASE: FRENCH ARAVIS SOUVIM 2 USED IN SAHEL REGION FOR IED & MINE CLEARANCE DURING OPERATION BARKHANE BY NEXTER SYSTEMS
 
 
7.4
UNMANNED ARMORED GROUND VEHICLES
 
 
 
 
 
7.4.1
INCREASING DEMAND FOR AUTONOMIC DECISION-MAKING CAPABILITIES IN COMPLEX REMOTE OPERATIONS TO DRIVE GROWTH
 
 
 
 
 
7.4.1.1
USE CASE: MILREM THEMIS USED FOR UNMANNED CASEVAC, ISR PATROLS, AND REMOTE WEAPON FIRING SUPPORT BY MILREM ROBOTICS
 
8
ARMORED VEHICLES MARKET, BY TYPE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 2 Data Tables
 
 
 
125
 
8.1
INTRODUCTION
 
 
 
 
8.2
ELECTRIC ARMORED VEHICLES
 
 
 
 
 
8.2.1
EMPHASIS ON REDUCING DEPENDENCE ON FOSSIL FUELS TO DRIVE GROWTH
 
 
 
8.3
CONVENTIONAL ARMORED VEHICLES
 
 
 
 
 
8.3.1
HIGHER POWER OUTPUT AND PERFORMANCE TO DRIVE GROWTH
 
 
9
ARMORED VEHICLES MARKET, BY MOBILITY
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 4 Data Tables
 
 
 
128
 
9.1
INTRODUCTION
 
 
 
 
9.2
WHEELED
 
 
 
 
 
9.2.1
NEED FOR IMPROVED MOBILITY DURING CRITICAL COMBAT OPERATIONS TO DRIVE GROWTH
 
 
 
 
9.2.2
4X4
 
 
 
 
9.2.3
6X6
 
 
 
 
9.2.4
8X8
 
 
 
 
9.2.5
10X10
 
 
 
 
9.2.6
12X12
 
 
 
9.3
TRACKED
 
 
 
 
 
9.3.1
ONGOING MILITARY MODERNIZATION EFFORTS TO DRIVE GROWTH
 
 
10
ARMORED VEHICLES MARKET, BY MODE OF OPERATION
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 3 Data Tables
 
 
 
133
 
10.1
INTRODUCTION
 
 
 
 
10.2
MANNED
 
 
 
 
 
10.2.1
NEED FOR ROBUST LAND COMBAT PLATFORMS TO DRIVE GROWTH
 
 
 
10.3
UNMANNED
 
 
 
 
 
10.3.1
DEVELOPMENT OF AUTONOMOUS TRUCKS FOR COMBAT SUPPORT TO DRIVE GROWTH
 
 
11
ARMORED VEHICLES MARKET, BY SYSTEM
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 2 Data Tables
 
 
 
137
 
11.1
INTRODUCTION
 
 
 
 
11.2
ENGINES
 
 
 
 
 
11.2.1
USE CASE: MTU 883 DIESEL ENGINE POWERING LEOPARD 2A7+ MBTS FOR ENHANCED POWER-TO-WEIGHT IN URBAN WARFARE
 
 
 
 
11.2.2
DIESEL ENGINES
 
 
 
 
11.2.3
TURBINE ENGINES
 
 
 
11.3
DRIVE SYSTEMS
 
 
 
 
 
11.3.1
USE CASE: HYBRID-ELECTRIC DRIVE IN RCV-LIGHT PROTOTYPE BY US ARMY FOR REDUCED THERMAL SIGNATURE AND SILENT MOBILITY
 
 
 
 
11.3.2
POWER TRANSMISSION DRIVES
 
 
 
 
11.3.3
SUSPENSION & BRAKING SYSTEMS
 
 
 
 
11.3.4
TRACKS & WHEELS
 
 
 
11.4
BALLISTIC ARMORS
 
 
 
 
 
11.4.1
USE CASE: COMPOSITE MODULAR ARMOR IN CV90 MKIV PROVIDING ADAPTIVE PROTECTION IN NATO OPERATIONS IN ESTONIA
 
 
 
 
11.4.2
COMPOSITE ARMORS
 
 
 
 
11.4.3
EXPLOSIVE REACTIVE ARMORS
 
 
 
 
11.4.4
ELECTRIC ARMORS
 
 
 
 
11.4.5
HOMOGENOUS ARMORS
 
 
 
 
11.4.6
DEPLETED URANIUM ARMORS
 
 
 
 
11.4.7
ADD-ON ARMORS
 
 
 
11.5
TURRET DRIVES
 
 
 
 
 
11.5.1
USE CASE: ALL-ELECTRIC TURRET DRIVE BY CURTISS-WRIGHT ON BOXER RCT 30 BY CURTISS-WRIGHT
 
 
 
11.6
AMMUNITION HANDLING SYSTEMS
 
 
 
 
11.7
FIRE CONTROL SYSTEMS
 
 
 
 
 
11.7.1
USE CASE: IRON VISION FCS ON MERKAVA MK4 BARAK FOR 360° SITUATIONAL AWARENESS IN CLOSED-HATCH MODE BY ELBIT SYSTEMS
 
 
 
11.8
ARMAMENTS
 
 
 
 
 
11.8.1
USE CASE: 30MM XM813 CHAIN GUN ON STRYKER DRAGOON FOR RAPID ENGAGEMENT BY NORTHROP GRUMMAN
 
 
 
11.9
COUNTERMEASURE SYSTEMS
 
 
 
 
 
11.9.1
USE CASE: TROPHY ACTIVE PROTECTION SYSTEM (APS) ON ISRAELI AND US ABRAMS TANKS TO INTERCEPT RPGS AND ATGMS IN GAZA BY RAFAEL ADVANCED DEFENSE SYSTEMS
 
 
 
11.10
COMMAND & CONTROL SYSTEMS
 
 
 
 
 
11.10.1
USE CASE: TACTICAL COMMAND SOFTWARE BY THALES ON ITS SCORPION VEHICLES
 
 
 
11.11
POWER SYSTEMS
 
 
 
 
 
11.11.1
USE CASE: AUXILIARY POWER UNITS (APUS) IN CHALLENGER 3 MBT ENABLING SILENT WATCH OPERATIONS AND ELECTRONIC SUB-SYSTEM SUPPORT
 
 
 
11.12
NAVIGATION SYSTEMS
 
 
 
 
 
11.12.1
USE CASE: INERTIAL NAVIGATION SYSTEM WITH GPS-DENIED CAPABILITY IN RHEINMETALL’S LYNX KF41 FOR MANEUVERING IN JAMMING ENVIRONMENTS BY RHEINMETALL AG
 
 
 
11.13
OBSERVATION & DISPLAY SYSTEMS
 
 
 
 
 
11.13.1
USE CASE: PANORAMIC DISPLAY AND SENSOR FUSION SUITE IN RHEINMETALL’S LYNX KF41 FOR ENHANCED CREW AWARENESS
 
 
 
11.14
HULLS/FRAMES
 
 
 
 
 
11.14.1
USE CASE: MODULAR HULL DESIGN IN PATRIA AMV XP ALLOWING MISSION-SPECIFIC CONFIGURATIONS BY PATRIA GROUP
 
 
12
ARMORED VEHICLES MARKET, BY POINT OF SALE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 2 Data Tables
 
 
 
149
 
12.1
INTRODUCTION
 
 
 
 
12.2
OEM
 
 
 
 
12.3
RETROFIT
 
 
 
13
ARMORED VEHICLES MARKET, BY REGION
Comprehensive coverage of 8 Regions with country-level deep-dive of 11 Countries | 188 Data Tables.
 
 
 
152
 
13.1
INTRODUCTION
 
 
 
 
13.2
NORTH AMERICA
 
 
 
 
 
13.2.1
PESTLE ANALYSIS
 
 
 
 
13.2.2
DEFENSE PROGRAMS: NORTH AMERICA
 
 
 
 
13.2.3
US
 
 
 
 
 
13.2.3.1
COLLABORATIONS AND JOINT VENTURES BETWEEN KEY PLAYERS TO DRIVE GROWTH
 
 
 
13.2.4
CANADA
 
 
 
 
 
13.2.4.1
MILITARY MODERNIZATION PROGRAMS TO DRIVE GROWTH
 
 
13.3
EUROPE
 
 
 
 
 
13.3.1
PESTLE ANALYSIS
 
 
 
 
13.3.2
DEFENSE PROGRAMS: EUROPE
 
 
 
 
13.3.3
UK
 
 
 
 
 
13.3.3.1
SURGE IN ARMORED VEHICLE UPGRADE PROGRAMS TO DRIVE GROWTH
 
 
 
13.3.4
GERMANY
 
 
 
 
 
13.3.4.1
FOCUS ON MODERNIZING DOMESTIC ARMORED PERSONNEL CARRIER FLEETS TO DRIVE GROWTH
 
 
 
13.3.5
FRANCE
 
 
 
 
 
13.3.5.1
PROCUREMENT OF NEW-GENERATION COMBAT VEHICLES TO DRIVE GROWTH
 
 
 
13.3.6
POLAND
 
 
 
 
 
13.3.6.1
INCREASE IN DOMESTIC DEFENSE SPENDING TO DRIVE GROWTH
 
 
 
13.3.7
REST OF EUROPE
 
 
 
13.4
ASIA PACIFIC
 
 
 
 
 
13.4.1
PESTLE ANALYSIS
 
 
 
 
13.4.2
DEFENSE PROGRAMS: ASIA PACIFIC
 
 
 
 
13.4.3
INDIA
 
 
 
 
 
13.4.3.1
INDIGENOUS MANUFACTURING AND CROSS-BORDER PROCUREMENT TO DRIVE GROWTH
 
 
 
13.4.4
JAPAN
 
 
 
 
 
13.4.4.1
DEVELOPMENT OF HIGH-END MILITARY TECHNOLOGIES TO DRIVE GROWTH
 
 
 
13.4.5
AUSTRALIA
 
 
 
 
 
13.4.5.1
RISE IN MANUFACTURING OF COMBAT FLEETS TO DRIVE GROWTH
 
 
 
13.4.6
SOUTH KOREA
 
 
 
 
 
13.4.6.1
RISING MILITARY EXPORTS DRIVE MARKET
 
 
 
13.4.7
REST OF ASIA PACIFIC
 
 
 
13.5
MIDDLE EAST
 
 
 
 
 
13.5.1
PESTLE ANALYSIS
 
 
 
 
13.5.2
DEFENSE PROGRAMS: MIDDLE EAST
 
 
 
 
13.5.3
GULF COOPERATION COUNCIL (GCC)
 
 
 
 
 
13.5.3.1
SAUDI ARABIA
 
 
 
 
13.5.3.2
UAE
 
 
 
13.5.4
REST OF MIDDLE EAST
 
 
 
13.6
REST OF THE WORLD
 
 
 
 
 
13.6.1
LATIN AMERICA
 
 
 
 
 
13.6.1.1
INCREASING ACQUISITION OF MODERN ARMORED VEHICLES TO DRIVE GROWTH
 
 
 
13.6.2
AFRICA
 
 
 
 
 
13.6.2.1
RISING DEMAND FOR UNMANNED MILITARY GROUND VEHICLES TO DRIVE GROWTH
 
14
COMPETITIVE LANDSCAPE
Uncover key players' strategies and market rankings shaping the competitive landscape.
 
 
 
217
 
14.1
INTRODUCTION
 
 
 
 
14.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024
 
 
 
 
14.3
MARKET RANKING ANALYSIS, 2024
 
 
 
 
14.4
MARKET SHARE ANALYSIS, 2024
 
 
 
 
 
14.5
REVENUE ANALYSIS, 2021–2024
 
 
 
 
 
14.6
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
 
 
 
 
 
 
14.6.1
STARS
 
 
 
 
14.6.2
EMERGING LEADERS
 
 
 
 
14.6.3
PERVASIVE PLAYERS
 
 
 
 
14.6.4
PARTICIPANTS
 
 
 
 
14.6.5
COMPANY FOOTPRINT
 
 
 
 
 
14.6.5.1
COMPANY FOOTPRINT
 
 
 
 
14.6.5.2
MOBILITY FOOTPRINT
 
 
 
 
14.6.5.3
PLATFORM FOOTPRINT
 
 
 
 
14.6.5.4
REGION FOOTPRINT
 
 
14.7
COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024
 
 
 
 
 
 
14.7.1
PROGRESSIVE COMPANIES
 
 
 
 
14.7.2
RESPONSIVE COMPANIES
 
 
 
 
14.7.3
DYNAMIC COMPANIES
 
 
 
 
14.7.4
STARTING BLOCKS
 
 
 
 
14.7.5
COMPETITIVE BENCHMARKING
 
 
 
 
 
14.7.5.1
KEY START-UPS/SMES
 
 
 
 
14.7.5.2
COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
 
 
14.8
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
14.9
BRAND/PRODUCT COMPARISON
 
 
 
 
 
14.10
COMPETITIVE SCENARIO
 
 
 
 
 
14.10.1
MARKET EVALUATION FRAMEWORK
 
 
 
 
14.10.2
PRODUCT LAUNCHES
 
 
 
 
14.10.3
DEALS
 
 
 
 
14.10.4
OTHERS
 
 
15
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
 
 
 
248
 
15.1
KEY PLAYERS
 
 
 
 
 
15.1.1
RHEINMETALL AG
 
 
 
 
 
15.1.1.1
BUSINESS OVERVIEW
 
 
 
 
15.1.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
15.1.1.3
RECENT DEVELOPMENTS
 
 
 
 
15.1.1.4
MNM VIEW
 
 
 
15.1.2
GENERAL DYNAMICS CORPORATION
 
 
 
 
15.1.3
OSHKOSH CORPORATION
 
 
 
 
15.1.4
BAE SYSTEMS
 
 
 
 
15.1.5
HANWHA GROUP
 
 
 
 
15.1.6
NORTHROP GRUMMAN
 
 
 
 
15.1.7
LOCKHEED MARTIN CORPORATION
 
 
 
 
15.1.8
THALES
 
 
 
 
15.1.9
L3HARRIS TECHNOLOGIES, INC.
 
 
 
 
15.1.10
ST ENGINEERING
 
 
 
 
15.1.11
ELBIT SYSTEMS LTD.
 
 
 
 
15.1.12
MITSUBISHI HEAVY INDUSTRIES, LTD.
 
 
 
 
15.1.13
HYUNDAI ROTEM COMPANY
 
 
 
 
15.1.14
TEXTRON INC.
 
 
 
 
15.1.15
OTOKAR OTOMOTIV VE SAVUNMA SANAYI
 
 
 
 
15.1.16
DENEL SOC LTD.
 
 
 
 
15.1.17
KNDS
 
 
 
 
15.1.18
FNSS
 
 
 
 
15.1.19
CHINA NORTH INDUSTRIES CORPORATION (NORINCO)
 
 
 
 
15.1.20
RTX
 
 
 
 
15.1.21
IVECO DEFENCE VEHICLES
 
 
 
 
15.1.22
PARAMOUNT GROUP
 
 
 
15.2
OTHER PLAYERS
 
 
 
 
 
15.2.1
ARQUUS
 
 
 
 
15.2.2
TATRA TRUCKS A.S.
 
 
 
 
15.2.3
KALYANI STRATEGIC SYSTEMS LTD.
 
 
 
 
15.2.4
AM GENERAL
 
 
 
 
15.2.5
MAHINDRA EMIRATES VEHICLE ARMOURING FZ LLC
 
 
 
 
15.2.6
TATA ADVANCED SYSTEMS LIMITED
 
 
 
 
15.2.7
INKAS ARMORED VEHICLE MANUFACTURING
 
 
 
 
15.2.8
STREIT GROUP
 
 
16
APPENDIX
 
 
 
328
 
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
ROLE OF COMPANIES IN ECOSYSTEM
 
 
 
 
TABLE 4
ACTIVE FLEET VOLUME OF MAIN BATTLE TANKS, BY COUNTRY, 2020–2030 (UNITS)
 
 
 
 
TABLE 5
ACTIVE FLEET VOLUME OF COMBAT SUPPORT VEHICLES, BY COUNTRY, 2020–2030 (UNITS)
 
 
 
 
TABLE 6
ACTIVE FLEET VOLUME OF COMBAT VEHICLES, BY COUNTRY, 2020–2030 (UNITS)
 
 
 
 
TABLE 7
INDICATIVE PRICING ANALYSIS OF ARMORED VEHICLES, BY PLATFORM, 2024
 
 
 
 
TABLE 8
AVERAGE SELLING PRICE RANGE OF MAIN BATTLE TANKS, 2024 (USD MILLION)
 
 
 
 
TABLE 9
AVERAGE SELLING PRICE RANGE OF INFANTRY FIGHTING VEHICLES, 2024 (USD MILLION)
 
 
 
 
TABLE 10
AVERAGE SELLING PRICE RANGE OF ARMORED PERSONNEL CARRIERS, 2024 (USD MILLION)
 
 
 
 
TABLE 11
AVERAGE SELLING PRICE RANGE OF MINE-RESISTANT AMBUSH- PROTECTED VEHICLES, 2024 (USD MILLION)
 
 
 
 
TABLE 12
AVERAGE SELLING PRICE RANGE OF LIGHT-PROTECTED VEHICLES, 2024 (USD MILLION)
 
 
 
 
TABLE 13
AVERAGE SELLING PRICE RANGE OF SELF-PROPELLED HOWITZERS, 2024 (USD MILLION)
 
 
 
 
TABLE 14
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ARMORED VEHICLES, BY MODE OF OPERATION (%)
 
 
 
 
TABLE 15
KEY BUYING CRITERIA FOR ARMORED VEHICLES, BY PLATFORM
 
 
 
 
TABLE 16
KEY CONFERENCES AND EVENTS, 2024–2025
 
 
 
 
TABLE 17
EXPORT DATA, BY REGION, 2021–2024
 
 
 
 
TABLE 18
IMPORT DATA, BY REGION, 2021–2024
 
 
 
 
TABLE 19
TOTAL COST OF OWNERSHIP OF MAIN BATTLE TANKS
 
 
 
 
TABLE 20
BUSINESS MODELS OF ARMORED VEHICLES MARKET
 
 
 
 
TABLE 21
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 22
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 23
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 24
MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 25
REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 26
VENTURE CAPITAL FOR UNMANNED GROUND VEHICLES, 2021–2023 (USD MILLION)
 
 
 
 
TABLE 27
US ADJUSTED RECIPROCAL TARIFF RATES
 
 
 
 
TABLE 28
KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR ARMORED VEHICLES MARKET
 
 
 
 
TABLE 29
EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE MARKETS DUE TO TARIFF IMPACT
 
 
 
 
TABLE 30
PATENT ANALYSIS
 
 
 
 
TABLE 31
ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 32
ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 33
ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 34
ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 35
ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 36
ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 37
ARMORED VEHICLES MARKET, BY WHEELED MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 38
ARMORED VEHICLES MARKET, BY WHEELED MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 39
ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 40
ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 41
TYPES OF UNMANNED ARMORED VEHICLES
 
 
 
 
TABLE 42
ARMORED VEHICLES MARKET, BY SYSTEM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 43
ARMORED VEHICLES MARKET, BY SYSTEM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 44
ARMORED VEHICLES MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 45
ARMORED VEHICLES MARKET, BY POINT OF SALE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 46
ARMORED VEHICLES MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 47
ARMORED VEHICLES MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 48
NORTH AMERICA: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 49
NORTH AMERICA: ARMORED VEHICLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 50
NORTH AMERICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 51
NORTH AMERICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 52
NORTH AMERICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 53
NORTH AMERICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 54
NORTH AMERICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 55
NORTH AMERICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 56
NORTH AMERICA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 57
NORTH AMERICA: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 58
US: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 59
US: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 60
US: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 61
US: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 62
US: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 63
US: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 64
US: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 65
US: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 66
CANADA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 67
CANADA: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 68
CANADA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 69
CANADA: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 70
CANADA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 71
CANADA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 72
CANADA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 73
CANADA: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 74
EUROPE: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 75
EUROPE: ARMORED VEHICLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 76
EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 77
EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 78
EUROPE: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 79
EUROPE: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 80
EUROPE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 81
EUROPE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 82
EUROPE: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 83
EUROPE: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 84
UK: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 85
UK: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 86
UK: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 87
UK: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 88
UK: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 89
UK: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 90
UK: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 91
UK: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 92
GERMANY: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 93
GERMANY: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 94
GERMANY: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 95
GERMANY: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 96
GERMANY: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 97
GERMANY: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 98
GERMANY: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 99
GERMANY: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 100
FRANCE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 101
FRANCE: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 102
FRANCE: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 103
FRANCE: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 104
FRANCE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 105
FRANCE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 106
FRANCE: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 107
FRANCE: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 108
POLAND: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 109
POLAND: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 110
POLAND: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 111
POLAND: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 112
POLAND: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 113
POLAND: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 114
POLAND: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 115
POLAND: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 116
REST OF EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 117
REST OF EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 118
REST OF EUROPE: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 119
REST OF EUROPE: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 120
REST OF EUROPE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 121
REST OF EUROPE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 122
REST OF EUROPE: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 123
REST OF EUROPE: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 124
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 125
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 126
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 127
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 128
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 129
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 130
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 131
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 132
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 133
ASIA PACIFIC: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 134
INDIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 135
INDIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 136
INDIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 137
INDIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 138
INDIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 139
INDIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 140
INDIA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 141
INDIA: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 142
JAPAN: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 143
JAPAN: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 144
JAPAN: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 145
JAPAN: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 146
JAPAN: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 147
JAPAN: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 148
JAPAN: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 149
JAPAN: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 150
AUSTRALIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 151
AUSTRALIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 152
AUSTRALIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 153
AUSTRALIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 154
AUSTRALIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 155
AUSTRALIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 156
AUSTRALIA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 157
AUSTRALIA: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 158
SOUTH KOREA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 159
SOUTH KOREA: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 160
SOUTH KOREA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 161
SOUTH KOREA: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 162
SOUTH KOREA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 163
SOUTH KOREA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 164
SOUTH KOREA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 165
SOUTH KOREA: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 166
REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 167
REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 168
REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 169
REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 170
REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 171
REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 172
REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 173
REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 174
MIDDLE EAST: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 175
MIDDLE EAST: ARMORED VEHICLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 176
MIDDLE EAST: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 177
MIDDLE EAST: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 178
MIDDLE EAST: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 179
MIDDLE EAST: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 180
MIDDLE EAST: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 181
MIDDLE EAST: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 182
MIDDLE EAST: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 183
MIDDLE EAST: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 184
SAUDI ARABIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 185
SAUDI ARABIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 186
SAUDI ARABIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 187
SAUDI ARABIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 188
SAUDI ARABIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 189
SAUDI ARABIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 190
SAUDI ARABIA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 191
SAUDI ARABIA: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 192
UAE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 193
UAE: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 194
UAE: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 195
UAE: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 196
UAE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 197
UAE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 198
UAE: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 199
UAE: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 200
REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 201
REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 202
REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 203
REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 204
REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 205
REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 206
REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 207
REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 208
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 209
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 210
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 211
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 212
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 213
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 214
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 215
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 216
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 217
REST OF THE WORLD: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 218
LATIN AMERICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 219
LATIN AMERICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 220
LATIN AMERICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 221
LATIN AMERICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 222
LATIN AMERICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 223
LATIN AMERICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 224
LATIN AMERICA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 225
LATIN AMERICA: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 226
AFRICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 227
AFRICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 228
AFRICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 229
AFRICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 230
AFRICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 231
AFRICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 232
AFRICA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 233
AFRICA: ARMORED VEHICLES MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 234
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024
 
 
 
 
TABLE 235
ARMORED VEHICLES MARKET: DEGREE OF COMPETITION
 
 
 
 
TABLE 236
ARMORED VEHICLES MARKET: MOBILITY FOOTPRINT
 
 
 
 
TABLE 237
ARMORED VEHICLES MARKET: PLATFORM FOOTPRINT
 
 
 
 
TABLE 238
ARMORED VEHICLES MARKET: REGION FOOTPRINT
 
 
 
 
TABLE 239
ARMORED VEHICLES MARKET: KEY START-UPS/SMES
 
 
 
 
TABLE 240
ARMORED VEHICLES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
 
 
 
 
TABLE 241
ARMORED VEHICLES MARKET: PRODUCT LAUNCHES, JANUARY 2020–MAY 2025
 
 
 
 
TABLE 242
ARMORED VEHICLES MARKET: DEALS, JANUARY 2020–MAY 2025
 
 
 
 
TABLE 243
ARMORED VEHICLES MARKET: OTHERS, JANUARY 2020–MAY 2025
 
 
 
 
TABLE 244
RHEINMETALL AG: COMPANY OVERVIEW
 
 
 
 
TABLE 245
RHEINMETALL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 246
RHEINMETALL AG: PRODUCT LAUNCHES
 
 
 
 
TABLE 247
RHEINMETALL AG: DEALS
 
 
 
 
TABLE 248
RHEINMETALL AG: OTHERS
 
 
 
 
TABLE 249
GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 250
GENERAL DYNAMICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 251
GENERAL DYNAMICS CORPORATION: OTHERS
 
 
 
 
TABLE 252
OSHKOSH CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 253
OSHKOSH CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 254
OSHKOSH CORPORATION: OTHERS
 
 
 
 
TABLE 255
BAE SYSTEMS: COMPANY OVERVIEW
 
 
 
 
TABLE 256
BAE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 257
BAE SYSTEMS: OTHERS
 
 
 
 
TABLE 258
HANWHA GROUP: COMPANY OVERVIEW
 
 
 
 
TABLE 259
HANWHA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 260
HANWHA GROUP: OTHERS
 
 
 
 
TABLE 261
NORTHROP GRUMMAN: COMPANY OVERVIEW
 
 
 
 
TABLE 262
NORTHROP GRUMMAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 263
NORTHROP GRUMMAN: OTHERS
 
 
 
 
TABLE 264
LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 265
LOCKHEED MARTIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 266
LOCKHEED MARTIN CORPORATION: OTHERS
 
 
 
 
TABLE 267
THALES: COMPANY OVERVIEW
 
 
 
 
TABLE 268
THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 269
THALES: OTHERS
 
 
 
 
TABLE 270
L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW
 
 
 
 
TABLE 271
L3HARRIS TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 272
L3HARRIS TECHNOLOGIES, INC.: DEALS
 
 
 
 
TABLE 273
L3HARRIS TECHNOLOGIES, INC.: OTHERS
 
 
 
 
TABLE 274
ST ENGINEERING: COMPANY OVERVIEW
 
 
 
 
TABLE 275
ST ENGINEERING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 276
ST ENGINEERING: PRODUCT LAUNCHES
 
 
 
 
TABLE 277
ST ENGINEERING: DEALS
 
 
 
 
TABLE 278
ELBIT SYSTEMS LTD.: COMPANY OVERVIEW
 
 
 
 
TABLE 279
ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 280
ELBIT SYSTEMS LTD.: OTHERS
 
 
 
 
TABLE 281
MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
 
 
 
 
TABLE 282
MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
 
 
 
 
TABLE 283
MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHERS
 
 
 
 
TABLE 284
HYUNDAI ROTEM COMPANY: COMPANY OVERVIEW
 
 
 
 
TABLE 285
HYUNDAI ROTEM COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 286
HYUNDAI ROTEM COMPANY: PRODUCT LAUNCHES
 
 
 
 
TABLE 287
HYUNDAI ROTEM COMPANY: OTHERS
 
 
 
 
TABLE 288
TEXTRON INC.: COMPANY OVERVIEW
 
 
 
 
TABLE 289
TEXTRON INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 290
OTOKAR OTOMOTIV VE SAVUNMA SANAYI: COMPANY OVERVIEW
 
 
 
 
TABLE 291
OTOKAR OTOMOTIV VE SAVUNMA SANAYI: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
 
 
 
 
TABLE 292
OTOKAR OTOMOTIV VE SAVUNMA SANAYI: OTHERS
 
 
 
 
TABLE 293
DENEL SOC LTD.: COMPANY OVERVIEW
 
 
 
 
TABLE 294
DENEL SOC LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 295
DENEL SOC LTD.: DEALS
 
 
 
 
TABLE 296
KNDS: COMPANY OVERVIEW
 
 
 
 
TABLE 297
KNDS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 298
KNDS: DEALS
 
 
 
 
TABLE 299
KNDS: OTHERS
 
 
 
 
TABLE 300
FNSS: COMPANY OVERVIEW
 
 
 
 
TABLE 301
FNSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 302
FNSS: PRODUCT LAUNCHES
 
 
 
 
TABLE 303
FNSS: OTHERS
 
 
 
 
TABLE 304
CHINA NORTH INDUSTRIES CORPORATION (NORINCO): COMPANY OVERVIEW
 
 
 
 
TABLE 305
CHINA NORTH INDUSTRIES CORPORATION (NORINCO): PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 306
CHINA NORTH INDUSTRIES CORPORATION (NORINCO): PRODUCT LAUNCHES
 
 
 
 
TABLE 307
RTX: COMPANY OVERVIEW
 
 
 
 
TABLE 308
RTX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 309
RTX: OTHERS
 
 
 
 
TABLE 310
IVECO DEFENCE VEHICLES: COMPANY OVERVIEW
 
 
 
 
TABLE 311
IVECO DEFENCE VEHICLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 312
IVECO DEFENCE VEHICLES: PRODUCT LAUNCHES
 
 
 
 
TABLE 313
IVECO DEFENCE VEHICLES: DEALS
 
 
 
 
TABLE 314
IVECO DEFENCE VEHICLES: OTHERS
 
 
 
 
TABLE 315
PARAMOUNT GROUP: COMPANY OVERVIEW
 
 
 
 
TABLE 316
PARAMOUNT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 317
PARAMOUNT GROUP: PRODUCT LAUNCHES
 
 
 
 
TABLE 318
PARAMOUNT GROUP: DEALS
 
 
 
 
TABLE 319
PARAMOUNT GROUP: OTHERS
 
 
 
 
TABLE 320
ARQUUS: COMPANY OVERVIEW
 
 
 
 
TABLE 321
TATRA TRUCKS A.S.: COMPANY OVERVIEW
 
 
 
 
TABLE 322
KALYANI STRATEGIC SYSTEMS LTD.: COMPANY OVERVIEW
 
 
 
 
TABLE 323
AM GENERAL: COMPANY OVERVIEW
 
 
 
 
TABLE 324
MAHINDRA EMIRATES VEHICLE ARMOURING FZ LLC: COMPANY OVERVIEW
 
 
 
 
TABLE 325
TATA ADVANCED SYSTEMS LIMITED: COMPANY OVERVIEW
 
 
 
 
TABLE 326
INKAS ARMORED VEHICLE MANUFACTURING: COMPANY OVERVIEW
 
 
 
 
TABLE 327
STREIT GROUP: COMPANY OVERVIEW
 
 
 
 
LIST OF FIGURES
 
 
 
 
 
FIGURE 1
ARMORED VEHICLES MARKET SEGMENTATION
 
 
 
 
FIGURE 2
REPORT PROCESS FLOW
 
 
 
 
FIGURE 3
RESEARCH DESIGN
 
 
 
 
FIGURE 4
BOTTOM-UP APPROACH
 
 
 
 
FIGURE 5
TOP-DOWN APPROACH
 
 
 
 
FIGURE 6
DATA TRIANGULATION
 
 
 
 
FIGURE 7
COMBAT VEHICLES TO BE LARGEST SEGMENT DURING FORECAST PERIOD
 
 
 
 
FIGURE 8
WHEELED SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
 
 
 
 
FIGURE 9
UNMANNED TO BE FASTER-GROWING SEGMENT DURING FORECAST PERIOD
 
 
 
 
FIGURE 10
ELECTRIC ARMORED VEHICLES TO EXHIBIT FASTER GROWTH DURING FORECAST PERIOD
 
 
 
 
FIGURE 11
EUROPE TO BE LARGEST MARKET FOR ARMORED VEHICLES DURING FORECAST PERIOD
 
 
 
 
FIGURE 12
NEED FOR BORDER SECURITY AND MARITIME PATROLLING TO DRIVE GROWTH
 
 
 
 
FIGURE 13
COMBAT VEHICLES TO SECURE LEADING MARKET SHARE DURING FORECAST PERIOD
 
 
 
 
FIGURE 14
WHEELED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 15
MANNED SEGMENT TO ACQUIRE MAXIMUM MARKET SHARE IN 2030
 
 
 
 
FIGURE 16
CONVENTIONAL ARMORED VEHICLES TO SURPASS ELECTRIC ARMORED VEHICLES DURING FORECAST PERIOD
 
 
 
 
FIGURE 17
ARMORED VEHICLES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
 
 
 
 
FIGURE 18
TOP 10 DEFENSE SPENDERS, 2020–2030
 
 
 
 
FIGURE 19
TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
 
 
 
 
FIGURE 20
ECOSYSTEM ANALYSIS
 
 
 
 
FIGURE 21
INDICATIVE PRICING ANALYSIS OF ARMORED VEHICLES, BY PLATFORM, 2024
 
 
 
 
FIGURE 22
VALUE CHAIN ANALYSIS
 
 
 
 
FIGURE 23
EVOLUTION OF KEY TECHNOLOGIES
 
 
 
 
FIGURE 24
EMERGING TRENDS RELATED TO ARMORED VEHICLES
 
 
 
 
FIGURE 25
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ARMORED VEHICLES, BY MODE OF OPERATION
 
 
 
 
FIGURE 26
KEY BUYING CRITERIA FOR ARMORED VEHICLES, BY PLATFORM
 
 
 
 
FIGURE 27
EXPORT DATA, BY COUNTRY, 2021–2024
 
 
 
 
FIGURE 28
IMPORT DATA, BY REGION, 2020–2022
 
 
 
 
FIGURE 29
BILL OF MATERIALS FOR ARMORED VEHICLES
 
 
 
 
FIGURE 30
BILL OF MATERIALS FOR MAIN BATTLE TANKS
 
 
 
 
FIGURE 31
BILL OF MATERIALS FOR ARMORED PERSONNEL CARRIERS
 
 
 
 
FIGURE 32
BILL OF MATERIALS FOR INFANTRY FIGHTING VEHICLES
 
 
 
 
FIGURE 33
TOTAL COST OF OWNERSHIP OF ARMORED VEHICLES
 
 
 
 
FIGURE 34
PERCENTAGE BREAKDOWN OF TOTAL COST OF OWNERSHIP
 
 
 
 
FIGURE 35
BUSINESS MODELS IN ARMORED VEHICLES MARKET
 
 
 
 
FIGURE 36
VENTURE CAPITAL FOR UNMANNED GROUND VEHICLES
 
 
 
 
FIGURE 37
AI LANDSCAPE
 
 
 
 
FIGURE 38
IMPACT OF AI ON DEFENSE INDUSTRY
 
 
 
 
FIGURE 39
ADOPTION OF AI IN MILITARY BY TOP COUNTRIES
 
 
 
 
FIGURE 40
IMPACT OF AI ON ARMORED VEHICLES MARKET
 
 
 
 
FIGURE 41
MACROECONOMIC OUTLOOK FOR NORTH AMERICA, EUROPE, ASIA PACIFIC, AND MIDDLE EAST
 
 
 
 
FIGURE 42
MACROECONOMIC OUTLOOK FOR REST OF THE WORLD
 
 
 
 
FIGURE 43
TECHNOLOGY TRENDS
 
 
 
 
FIGURE 44
SUPPLY CHAIN ANALYSIS
 
 
 
 
FIGURE 45
PATENT ANALYSIS, 2014–2024
 
 
 
 
FIGURE 46
ARMORED VEHICLES MARKET, BY PLATFORM, 2025–2030
 
 
 
 
FIGURE 47
ARMORED VEHICLES MARKET, BY TYPE, 2025–2030
 
 
 
 
FIGURE 48
ARMORED VEHICLES MARKET, BY MOBILITY, 2025–2030
 
 
 
 
FIGURE 49
ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030
 
 
 
 
FIGURE 50
ARMORED VEHICLES MARKET, BY SYSTEM, 2025–2030
 
 
 
 
FIGURE 51
ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2025–2030
 
 
 
 
FIGURE 52
ARMORED VEHICLES MARKET, BY REGION, 2025–2030
 
 
 
 
FIGURE 53
NORTH AMERICA: ARMORED VEHICLES MARKET SNAPSHOT
 
 
 
 
FIGURE 54
EUROPE: ARMORED VEHICLES MARKET SNAPSHOT
 
 
 
 
FIGURE 55
ASIA PACIFIC: ARMORED VEHICLES MARKET SNAPSHOT
 
 
 
 
FIGURE 56
MIDDLE EAST: ARMORED VEHICLES MARKET SNAPSHOT
 
 
 
 
FIGURE 57
REST OF THE WORLD: ARMORED VEHICLES MARKET SNAPSHOT
 
 
 
 
FIGURE 58
MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024
 
 
 
 
FIGURE 59
REVENUE ANALYSIS OF TOP 5 PLAYERS, 2021–2024
 
 
 
 
FIGURE 60
COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
 
 
 
 
FIGURE 61
ARMORED VEHICLES MARKET: COMPANY FOOTPRINT
 
 
 
 
FIGURE 62
COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
 
 
 
 
FIGURE 63
FINANCIAL METRICS OF PROMINENT PLAYERS, 2024
 
 
 
 
FIGURE 64
COMPANY VALUATION OF PROMINENT PLAYERS, 2024
 
 
 
 
FIGURE 65
BRAND/PRODUCT COMPARISON
 
 
 
 
FIGURE 66
RHEINMETALL AG: COMPANY SNAPSHOT
 
 
 
 
FIGURE 67
GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 68
OSHKOSH CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 69
BAE SYSTEMS: COMPANY SNAPSHOT
 
 
 
 
FIGURE 70
HANWHA GROUP: COMPANY SNAPSHOT
 
 
 
 
FIGURE 71
NORTHROP GRUMMAN: COMPANY SNAPSHOT
 
 
 
 
FIGURE 72
LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 73
THALES: COMPANY SNAPSHOT
 
 
 
 
FIGURE 74
L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
 
 
 
 
FIGURE 75
ST ENGINEERING: COMPANY SNAPSHOT
 
 
 
 
FIGURE 76
ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
 
 
 
 
FIGURE 77
MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
 
 
 
 
FIGURE 78
HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
 
 
 
 
FIGURE 79
TEXTRON INC.: COMPANY SNAPSHOT
 
 
 
 
FIGURE 80
OTOKAR OTOMOTIV VE SAVUNMA SANAYI: COMPANY SNAPSHOT
 
 
 
 
FIGURE 81
RTX: COMPANY SNAPSHOT
 
 
 
 

Methodology

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 vehicles 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 input, analyzed by MarketsandMarkets, and presented in this report.

Armored Vehicles Market : Top-Down and Bottom-Up Approach

Armored Vehicles Market Top Down and Bottom Up 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.

Key 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, and point of sale
  • 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 market 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 shares, 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, 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 market

TABLE OF CONTENTS

METHODOLOGY

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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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