Armored Vehicles Market

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Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Vehicles), Mobility (Wheeled, Tracked), Type, Systems, Mode of Operation (Manned, Unmanned), Point of sale, and Region - Global Forecast to 2029

FREE BROCHURE FREE SAMPLE REPORT
Report Code: AS 2369 May, 2024, by marketsandmarkets.com

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

Armored Vehicles Market

Armored Vehicles Market

Armored Vehicles Market Forecast to 2029

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Armored Vehicles Market Dynamics

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

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

Restraints: Occurrence of mechanical and electrical failure in armored vehicles

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

Opportunities: Rising technology integration and upgrades in military vehicles

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

Challenges: Hardware and software malfunctions

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

Armored Vehicles Market Ecosystem

Armored Vehicles Market by Ecosystem

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

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

Based on the platform, the combat vehicles segment is anticipated to dominate the market.

Based platform , the combat vehicles segment holds the largest market share. This dominance is driven by their crucial role in modern warfare scenarios, offering superior firepower, protection, and mobility. Combat vehicles encompass a wide range of platforms, including main battle tanks (MBTs), infantry fighting vehicles (IFVs), and armored personnel carriers (APCs), catering to diverse mission requirements across land, air, and sea. Their significance in offensive and defensive operations, coupled with ongoing military modernization programs worldwide, positions combat vehicles as the leading segment in the armored vehicle market, driving substantial growth and investment in the sector.

The Asia Pacific market is projected to account largest share for the Armored Vehicles market.

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

Armored Vehicles Market by Region

Armored Vehicles Market by Region

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Key Market Players

The Armored Vehicles Companies is dominated by a few globally established players such as Rheinmetall AG (Germany), General Dynamics Corporation (US), Oshkosh Corporation (US), BAE Systems (UK), and Hanwha Defense (South Korea)  are some of the leading players operating in the Armored Vehicles market; they are the key manufacturers and solution providers that secured Armored Vehicles contracts in the last few years. Major focus was given to the contracts and new product development due to the changing requirements in defense and commercial industries.

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Scope of the Report

Report Metric

Details

Market size available for years

2021–2029

Base year considered

2023

Forecast period

2024-2029

Forecast units

Value (USD Million/Billion)

Segments Covered

By platform, type, mobility, mode of operation, point of sale   and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East, and the Rest of the world

Companies covered

Rheinmetall AG (Germany), General Dynamics Corporation (US), Oshkosh Corporation (US), BAE Systems (UK), and Hanwha Defense (South Korea) are some of the major players in the Armored Vehicles market.

Armored Vehicles Market Highlights

The study categorizes the Armored Vehicles market based on platform, type, mobility, mode of operation, point of sale and Region.

Segment

Subsegment

By Platform
  • Combat Vehicles
  • Combat Support Vehicles
  • Unmanned Armored Vehicles

By Mobility
  • Wheeled
  • Tracked

By Type
  • Electric
  • Conventional

By Systems
  • Engines
  • Drive Systems
  • Ballistic Armor
  • Turrect Drives
  • Fire Control Systems
  • Armaments
  • Ammunition Handling Systems
  • Countermeasure Systems
  • Command & Control Systems
  • Power Systems
  • Navigation Systems
  • Observation & Display Systems
  • Hulls/Frames

By Mode of Operation
  • Manned
  • Unmanned

By AUV-Propulsion
  • Non-electric
  • Electric

By Point of Sale
  • OEM
  • Retrofit

By Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the World

Recent Developments

  • In March 2024,  Rheinmetall :- Rheinmetall has secured a contract to supply the German Army with 123 "Heavy Weapon Carriers for the Infantry." The contract, worth around USD 3 billion, includes service and maintenance. Delivery starts in 2025, enhancing the Army's firepower and mobility..
  • In November 2023,  Oshkosh Defense:- Oshkosh Defense, LLC received a USD 208 million contract from the U.S. Army for Joint Light Tactical Vehicles (JLTV) and trailers.
  • In December 2023, Hanwha Defence Australia :- Hanwha Aerospace's subsidiary, Hanwha Defence Australia (HDA), secured a USD 2.4 billion contract with the Australian government to supply 129 Redback Infantry Fighting Vehicles (IFVs), along with training and support systems..

Frequently Asked Questions (FAQs) Addressed by the Report

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
    2.2 FACTOR ANALYSIS 
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
                    2.2.3.1 Impact of Russia-Ukraine war
                               2.2.3.1.1 Impact of Russia-Ukraine war on macro factors of armored vehicles market
                               2.2.3.1.2 Impact of Russia-Ukraine war on micro factors of armored vehicles market
           2.2.4 RECESSION IMPACT ANALYSIS
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Market size estimation methodology (demand-side)
           2.3.2 TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION 
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
    2.7 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 49)
 
4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ARMORED VEHICLES MARKET 
    4.2 ARMORED VEHICLES MARKET, BY REGION 
    4.3 ARMORED VEHICLES MARKET, BY PLATFORM 
    4.4 ARMORED VEHICLES MARKET, BY MOBILITY 
    4.5 ARMORED VEHICLES MARKET, BY MODE OF OPERATION 
    4.6 ARMORED VEHICLES MARKET, BY TYPE 
 
5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Need for improved intelligence, surveillance, and reconnaissance (ISR) and target acquisition capabilities by defense forces
                    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 Global military modernization plans
                    5.2.3.4 Increasing procurement of unmanned systems by defense forces
                    5.2.3.5 Development of modular and scalable armored vehicles
           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 
 
6 INDUSTRY TRENDS (Page No. - 94)
    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 (Page No. - 103)
    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
           7.2.2 INFANTRY FIGHTING VEHICLES
                    7.2.2.1 Ongoing developments by prominent defense companies and governments to drive growth
           7.2.3 ARMORED PERSONNEL CARRIERS
                    7.2.3.1 Significant investments in defense armored vehicles to drive growth
           7.2.4 ARMORED AMPHIBIOUS VEHICLES
                    7.2.4.1 Innovations in propulsion technology and hull design to drive growth
           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
           7.2.6 LIGHT ARMORED VEHICLES
                    7.2.6.1 Need for rapid response in fluid combat situations to drive growth
           7.2.7 SELF-PROPELLED HOWITZERS
                    7.2.7.1 Advanced targeting technologies and powerful munitions to drive growth
           7.2.8 AIR DEFENSE VEHICLES
                    7.2.8.1 Trend toward fully automated air defense systems to drive growth
           7.2.9 ARMORED MORTAR CARRIERS
                    7.2.9.1 Ability to provide increased firepower and mobility to drive growth
    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
           7.3.3 REPAIR & RECOVERY VEHICLES
                    7.3.3.1 Need for towing or repairing combat vehicles on battlefields to drive growth
           7.3.4 BRIDGE-LAYING TANKS
                    7.3.4.1 Operational readiness to drive growth
           7.3.5 MINE CLEARANCE VEHICLES
                    7.3.5.1 High demand for prevention of mine blasts and other battlefield hazards to drive growth
    7.4 UNMANNED ARMORED GROUND VEHICLES 
           7.4.1 INCREASING DEMAND FOR AUTONOMIC DECISION-MAKING CAPABILITIES IN COMPLEX REMOTE OPERATIONS TO DRIVE GROWTH
 
8 ARMORED VEHICLES MARKET, BY TYPE (Page No. - 112)
    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 (Page No. - 115)
    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 (Page No. - 119)
     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 (Page No. - 123)
     11.1 INTRODUCTION 
     11.2 ENGINES 
             11.2.1 DIESEL ENGINES
             11.2.2 TURBINE ENGINES
     11.3 DRIVE SYSTEMS 
             11.3.1 POWER TRANSMISSION DRIVES
             11.3.2 SUSPENSION & BRAKING SYSTEMS
             11.3.3 TRACKS & WHEELS
     11.4 BALLISTIC ARMORS 
             11.4.1 COMPOSITE ARMORS
             11.4.2 EXPLOSIVE REACTIVE ARMORS
             11.4.3 ELECTRIC ARMORS
             11.4.4 HOMOGENOUS ARMORS
             11.4.5 DEPLETED URANIUM ARMORS
             11.4.6 ADD-ON ARMORS
     11.5 TURRET DRIVES 
     11.6 AMMUNITION HANDLING SYSTEMS 
     11.7 FIRE CONTROL SYSTEMS 
     11.8 ARMAMENTS 
     11.9 COUNTERMEASURE SYSTEMS 
     11.10 COMMAND & CONTROL SYSTEMS 
     11.11 POWER SYSTEMS 
     11.12 NAVIGATION SYSTEMS 
     11.13 OBSERVATION & DISPLAY SYSTEMS 
     11.14 HULLS/FRAMES 
 
12 ARMORED VEHICLES MARKET, BY POINT OF SALE (Page No. - 130)
     12.1 INTRODUCTION 
     12.2 OEM 
     12.3 RETROFIT 
 
13 ARMORED VEHICLES MARKET, BY REGION (Page No. - 131)
     13.1 INTRODUCTION 
             13.1.1 REGIONAL RECESSION IMPACT ANALYSIS
     13.2 NORTH AMERICA 
             13.2.1 PESTLE ANALYSIS
             13.2.2 RECESSION IMPACT ANALYSIS
             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 RECESSION IMPACT ANALYSIS
             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 RECESSION IMPACT ANALYSIS
             13.4.3 INDIA
                        13.4.3.1 Indigenous manufacturing of electric military vehicles 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 High investments in robotics technologies to drive growth
             13.4.7 REST OF ASIA PACIFIC
     13.5 MIDDLE EAST 
             13.5.1 PESTLE ANALYSIS
             13.5.2 RECESSION IMPACT ANALYSIS
             13.5.3 GULF COOPERATION COUNCIL (GCC)
                        13.5.3.1 Saudi Arabia
                                     13.5.3.1.1 Rising concerns over regional security to drive growth
                        13.5.3.2 UAE
                                     13.5.3.2.1 Significant presence of prominent players to drive growth
             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 (Page No. - 194)
     14.1 INTRODUCTION 
     14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023 
     14.3 RANKING ANALYSIS, 2023 
     14.4 MARKET SHARE ANALYSIS, 2023 
     14.5 REVENUE ANALYSIS, 2019–2023 
     14.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             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, 2023 
             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 AND TRENDS 
             14.10.1 MARKET EVALUATION FRAMEWORK
             14.10.2 PRODUCT LAUNCHES
             14.10.3 DEALS
             14.10.4 OTHERS
 
15 COMPANY PROFILES (Page No. - 222)
     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
                                     15.1.1.3.1 Product launches
                                     15.1.1.3.2 Deals
                                     15.1.1.3.3 Others
                        15.1.1.4 MnM view
                                     15.1.1.4.1 Right to win
                                     15.1.1.4.2 Strategic choices
                                     15.1.1.4.3 Weaknesses and competitive threats
             15.1.2 GENERAL DYNAMICS CORPORATION
                        15.1.2.1 Business overview
                        15.1.2.2 Products/Solutions/Services offered
                        15.1.2.3 Recent developments
                                     15.1.2.3.1 Others
                        15.1.2.4 MnM view
                                     15.1.2.4.1 Right to win
                                     15.1.2.4.2 Strategic choices
                                     15.1.2.4.3 Weaknesses and competitive threats
             15.1.3 OSHKOSH CORPORATION
                        15.1.3.1 Business overview
                        15.1.3.2 Products/Solutions/Services offered
                        15.1.3.3 Recent developments
                                     15.1.3.3.1 Others
                        15.1.3.4 MnM view
                                     15.1.3.4.1 Right to win
                                     15.1.3.4.2 Strategic choices
                                     15.1.3.4.3 Weaknesses and competitive threats
             15.1.4 BAE SYSTEMS
                        15.1.4.1 Business overview
                        15.1.4.2 Products/Solutions/Services offered
                        15.1.4.3 Recent developments
                                     15.1.4.3.1 Others
                        15.1.4.4 MnM view
                                     15.1.4.4.1 Right to win
                                     15.1.4.4.2 Strategic choices
                                     15.1.4.4.3 Weaknesses and competitive threats
             15.1.5 HANWHA GROUP
                        15.1.5.1 Business overview
                        15.1.5.2 Products/Solutions/Services offered
                        15.1.5.3 Recent developments
                                     15.1.5.3.1 Others
                        15.1.5.4 MnM view
                                     15.1.5.4.1 Right to win
                                     15.1.5.4.2 Strategic choices
                                     15.1.5.4.3 Weaknesses and competitive threats
             15.1.6 NORTHROP GRUMMAN
                        15.1.6.1 Business overview
                        15.1.6.2 Products/Solutions/Services offered
                        15.1.6.3 Recent developments
                                     15.1.6.3.1 Others
             15.1.7 LOCKHEED MARTIN CORPORATION
                        15.1.7.1 Business overview
                        15.1.7.2 Products/Solutions/Services offered
                        15.1.7.3 Recent developments
                                     15.1.7.3.1 Others
             15.1.8 THALES
                        15.1.8.1 Business overview
                        15.1.8.2 Products/Solutions/Services offered
                        15.1.8.3 Recent developments
                                     15.1.8.3.1 Others
             15.1.9 L3HARRIS TECHNOLOGIES, INC.
                        15.1.9.1 Business overview
                        15.1.9.2 Products/Solutions/Services offered
                        15.1.9.3 Recent developments
                                     15.1.9.3.1 Deals
                                     15.1.9.3.2 Others
             15.1.10 ST ENGINEERING
                        15.1.10.1 Business overview
                        15.1.10.2 Products/Solutions/Services offered
                        15.1.10.3 Recent developments
                                     15.1.10.3.1 Product launches
                                     15.1.10.3.2 Deals
             15.1.11 ELBIT SYSTEMS LTD.
                        15.1.11.1 Business overview
                        15.1.11.2 Products/Solutions/Services offered
                        15.1.11.3 Recent developments
                                     15.1.11.3.1 Others
             15.1.12 MITSUBISHI HEAVY INDUSTRIES, LTD.
                        15.1.12.1 Business overview
                        15.1.12.2 Products/Solutions/Services offered
             15.1.13 HYUNDAI ROTEM COMPANY
                        15.1.13.1 Business overview
                        15.1.13.2 Products/Solutions/Services offered
                        15.1.13.3 Recent developments
                                     15.1.13.3.1 Product launches
                                     15.1.13.3.2 Others
             15.1.14 TEXTRON INC.
                        15.1.14.1 Business overview
                        15.1.14.2 Products/Solutions/Services offered
             15.1.15 OTOKAR OTOMOTIV VE SAVUNMA SANAYI
                        15.1.15.1 Business overview
                        15.1.15.2 Products/Solutions/Services offered
                        15.1.15.3 Recent developments
                                     15.1.15.3.1 Others
             15.1.16 DENEL SOC LTD.
                        15.1.16.1 Business overview
                        15.1.16.2 Products/Solutions/Services offered
                        15.1.16.3 Recent developments
                                     15.1.16.3.1 Deals
             15.1.17 KNDS
                        15.1.17.1 Business overview
                        15.1.17.2 Products/Solutions/Services offered
                        15.1.17.3 Recent developments
                                     15.1.17.3.1 Deals
                                     15.1.17.3.2 Others
             15.1.18 FNSS
                        15.1.18.1 Business overview
                        15.1.18.2 Products/Solutions/Services offered
                        15.1.18.3 Recent developments
                                     15.1.18.3.1 Product launches
                                     15.1.18.3.2 Others
             15.1.19 CHINA NORTH INDUSTRIES CORPORATION (NORINCO)
                        15.1.19.1 Business overview
                        15.1.19.2 Products/Solutions/Services offered
                        15.1.19.3 Recent developments
                                     15.1.19.3.1 Product launches
             15.1.20 RTX
                        15.1.20.1 Business overview
                        15.1.20.2 Products/Solutions/Services offered
                        15.1.20.3 Recent developments
                                     15.1.20.3.1 Others
             15.1.21 IVECO DEFENCE VEHICLES
                        15.1.21.1 Business overview
                        15.1.21.2 Products/Solutions/Services offered
                        15.1.21.3 Recent developments
                                     15.1.21.3.1 Product launches
                                     15.1.21.3.2 Deals
                                     15.1.21.3.3 Others
             15.1.22 PARAMOUNT GROUP
                        15.1.22.1 Business overview
                        15.1.22.2 Products/Solutions/Services offered
                        15.1.22.3 Recent developments
                                     15.1.22.3.1 Product launches
                                     15.1.22.3.2 Deals
                                     15.1.22.3.3 Others
     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 (Page No. - 302)
     16.1 DISCUSSION GUIDE 
     16.2 ANNEXURE A: DEFENSE PROGRAM MAPPING 
     16.3 ANNEXURE B: COMPANY LISTED 
     16.4 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.5 CUSTOMIZATION OPTIONS 
     16.6 RELATED REPORTS 
     16.7 AUTHOR DETAILS 
 
LIST OF TABLES (325 TABLES)
 
TABLE 1 INCLUSIONS AND EXCLUSIONS
TABLE 2 USD EXCHANGE RATES
TABLE 3 IMPACT OF RUSSIA-UKRAINE WAR ON MICRO FACTORS OF ARMORED VEHICLES MARKET
TABLE 4 NEW DELIVERIES OF COMBAT SUPPORT VEHICLES, BY COUNTRY, 2021–2023 (UNITS)
TABLE 5 ROLE OF COMPANIES IN ECOSYSTEM
TABLE 6 ACTIVE FLEET VOLUME OF MAIN BATTLE TANKS, BY COUNTRY, 2020–2030 (UNITS)
TABLE 7 ACTIVE FLEET VOLUME OF COMBAT SUPPORT VEHICLES, BY COUNTRY, 2020–2030 (UNITS)
TABLE 8 ACTIVE FLEET VOLUME OF COMBAT VEHICLES, BY COUNTRY, 2020–2030 (UNITS)
TABLE 9 INDICATIVE PRICING ANALYSIS OF ARMORED VEHICLES, BY PLATFORM, 2023
TABLE 10 AVERAGE SELLING PRICE RANGE OF MAIN BATTLE TANKS, 2023
TABLE 11 AVERAGE SELLING PRICE RANGE OF INFANTRY FIGHTING VEHICLES, 2023
TABLE 12 AVERAGE SELLING PRICE RANGE OF ARMORED PERSONNEL CARRIERS, 2023
TABLE 13 AVERAGE SELLING PRICE RANGE OF MINE-RESISTANT AMBUSH-PROTECTED VEHICLES, 2023
TABLE 14 AVERAGE SELLING PRICE RANGE OF LIGHT-PROTECTED VEHICLES, 2023
TABLE 15 AVERAGE SELLING PRICE RANGE OF SELF-PROPELLED HOWITZERS, 2023
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ARMORED VEHICLES, BY MODE OF OPERATION (%)
TABLE 17 KEY BUYING CRITERIA FOR ARMORED VEHICLES, BY PLATFORM
TABLE 18 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 19 EXPORT DATA, BY REGION, 2020–2022
TABLE 20 IMPORT DATA, BY REGION, 2020–2022
TABLE 21 TOTAL COST OF OWNERSHIP OF MAIN BATTLE TANKS
TABLE 22 BUSINESS MODELS OF ARMORED VEHICLES MARKET
TABLE 23 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 24 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 25 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 26 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 27 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 28 VENTURE CAPITAL FOR UNMANNED GROUND VEHICLES, 2021–2023 (USD MILLION)
TABLE 29 PATENT ANALYSIS
TABLE 30 ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 31 ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 32 NEW DELIVERIES OF COMBAT VEHICLES, BY REGION, 2021–2029 (UNITS)
TABLE 33 NEW DELIVERIES OF MAIN BATTLE TANKS, BY REGION, 2021–2029 (UNITS)
TABLE 34 NEW DELIVERIES OF COMBAT SUPPORT VEHICLES, BY REGION, 2021–2029 (UNITS)
TABLE 35 ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 36 ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 37 ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 38 ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 39 ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 40 ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 41 TYPES OF UNMANNED ARMORED VEHICLES
TABLE 42 ARMORED VEHICLES MARKET, BY SYSTEM, 2021–2023 (USD MILLION)
TABLE 43 ARMORED VEHICLES MARKET, BY SYSTEM, 2024–2029 (USD MILLION)
TABLE 44 REGIONAL RECESSION IMPACT ANALYSIS
TABLE 45 ARMORED VEHICLES MARKET, BY REGION, 2021–2023 (USD MILLION)
TABLE 46 ARMORED VEHICLES MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 47 NORTH AMERICA: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 48 NORTH AMERICA: ARMORED VEHICLES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 49 NORTH AMERICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 50 NORTH AMERICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 51 NORTH AMERICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 52 NORTH AMERICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 53 NORTH AMERICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 54 NORTH AMERICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 55 NORTH AMERICA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 56 NORTH AMERICA: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 57 US: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 58 US: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 59 US: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 60 US: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 61 US: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 62 US: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 63 US: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 64 US: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 65 CANADA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 66 CANADA: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 67 CANADA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 68 CANADA: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 69 CANADA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 70 CANADA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 71 CANADA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 72 CANADA: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 73 EUROPE: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 74 EUROPE: ARMORED VEHICLES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 75 EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 76 EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 77 EUROPE: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 78 EUROPE: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 79 EUROPE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 80 EUROPE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 81 EUROPE: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 82 EUROPE: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 83 UK: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 84 UK: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 85 UK: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 86 UK: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 87 UK: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 88 UK: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 89 UK: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 90 UK: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 91 GERMANY: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 92 GERMANY: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 93 GERMANY: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 94 GERMANY: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 95 GERMANY: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 96 GERMANY: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 97 GERMANY: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 98 GERMANY: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 99 FRANCE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 100 FRANCE: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 101 FRANCE: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 102 FRANCE: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 103 FRANCE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 104 FRANCE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 105 FRANCE: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 106 FRANCE: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 107 POLAND: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 108 POLAND: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 109 POLAND: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 110 POLAND: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 111 POLAND: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 112 POLAND: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 113 POLAND: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 114 POLAND: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 115 REST OF EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 116 REST OF EUROPE: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 117 REST OF EUROPE: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 118 REST OF EUROPE: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 119 REST OF EUROPE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 120 REST OF EUROPE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 121 REST OF EUROPE: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 122 REST OF EUROPE: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 123 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 124 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 125 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 126 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 127 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 128 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 129 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 130 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 131 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 132 ASIA PACIFIC: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 133 INDIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 134 INDIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 135 INDIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 136 INDIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 137 INDIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 138 INDIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 139 INDIA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 140 INDIA: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 141 JAPAN: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 142 JAPAN: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 143 JAPAN: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 144 JAPAN: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 145 JAPAN: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 146 JAPAN: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 147 JAPAN: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 148 JAPAN: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 149 AUSTRALIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 150 AUSTRALIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 151 AUSTRALIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 152 AUSTRALIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 153 AUSTRALIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 154 AUSTRALIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 155 AUSTRALIA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 156 AUSTRALIA: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 157 SOUTH KOREA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 158 SOUTH KOREA: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 159 SOUTH KOREA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 160 SOUTH KOREA: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 161 SOUTH KOREA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 162 SOUTH KOREA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 163 SOUTH KOREA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 164 SOUTH KOREA: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 165 REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 166 REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 167 REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 168 REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 169 REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 170 REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 171 REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 172 REST OF ASIA PACIFIC: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 173 MIDDLE EAST: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 174 MIDDLE EAST: ARMORED VEHICLES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 175 MIDDLE EAST: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 176 MIDDLE EAST: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 177 MIDDLE EAST: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 178 MIDDLE EAST: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 179 MIDDLE EAST: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 180 MIDDLE EAST: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 181 MIDDLE EAST: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 182 MIDDLE EAST: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 183 SAUDI ARABIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 184 SAUDI ARABIA: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 185 SAUDI ARABIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 186 SAUDI ARABIA: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 187 SAUDI ARABIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 188 SAUDI ARABIA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 189 SAUDI ARABIA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 190 SAUDI ARABIA: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 191 UAE: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 192 UAE: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 193 UAE: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 194 UAE: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 195 UAE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 196 UAE: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 197 UAE: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 198 UAE: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 199 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 200 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 201 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 202 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 203 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 204 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 205 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 206 REST OF MIDDLE EAST: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 207 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
TABLE 208 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 209 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 210 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 211 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 212 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 213 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 214 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 215 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 216 REST OF THE WORLD: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 217 LATIN AMERICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 218 LATIN AMERICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 219 LATIN AMERICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 220 LATIN AMERICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 221 LATIN AMERICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 222 LATIN AMERICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 223 LATIN AMERICA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 224 LATIN AMERICA: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 225 AFRICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2021–2023 (USD MILLION)
TABLE 226 AFRICA: ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
TABLE 227 AFRICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2021–2023 (USD MILLION)
TABLE 228 AFRICA: ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
TABLE 229 AFRICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2021–2023 (USD MILLION)
TABLE 230 AFRICA: ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 231 AFRICA: ARMORED VEHICLES MARKET, BY TYPE, 2021–2023 (USD MILLION)
TABLE 232 AFRICA: ARMORED VEHICLES MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 233 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023
TABLE 234 ARMORED VEHICLES MARKET: DEGREE OF COMPETITION
TABLE 235 MOBILITY FOOTPRINT
TABLE 236 PLATFORM FOOTPRINT
TABLE 237 REGION FOOTPRINT
TABLE 238 KEY START-UPS/SMES
TABLE 239 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
TABLE 240 ARMORED VEHICLES MARKET: PRODUCT LAUNCHES, 2020–2024
TABLE 241 ARMORED VEHICLES MARKET: DEALS, 2020–2024
TABLE 242 ARMORED VEHICLES MARKET: OTHERS, 2020–2024
TABLE 243 RHEINMETALL AG: COMPANY OVERVIEW
TABLE 244 RHEINMETALL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 245 RHEINMETALL AG: PRODUCT LAUNCHES
TABLE 246 RHEINMETALL AG: DEALS
TABLE 247 RHEINMETALL AG: OTHERS
TABLE 248 GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW
TABLE 249 GENERAL DYNAMICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 250 GENERAL DYNAMICS CORPORATION: OTHERS
TABLE 251 OSHKOSH CORPORATION: COMPANY OVERVIEW
TABLE 252 OSHKOSH CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 253 OSHKOSH CORPORATION: OTHERS
TABLE 254 BAE SYSTEMS: COMPANY OVERVIEW
TABLE 255 BAE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 256 BAE SYSTEMS: OTHERS
TABLE 257 HANWHA GROUP: COMPANY OVERVIEW
TABLE 258 HANWHA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 259 HANWHA GROUP: OTHERS
TABLE 260 NORTHROP GRUMMAN: COMPANY OVERVIEW
TABLE 261 NORTHROP GRUMMAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 262 NORTHROP GRUMMAN: OTHERS
TABLE 263 LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW
TABLE 264 LOCKHEED MARTIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 265 LOCKHEED MARTIN CORPORATION: OTHERS
TABLE 266 THALES: COMPANY OVERVIEW
TABLE 267 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 268 THALES: OTHERS
TABLE 269 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW
TABLE 270 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 271 L3HARRIS TECHNOLOGIES, INC.: DEALS
TABLE 272 L3HARRIS TECHNOLOGIES, INC.: OTHERS
TABLE 273 ST ENGINEERING: COMPANY OVERVIEW
TABLE 274 ST ENGINEERING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 275 ST ENGINEERING: PRODUCT LAUNCHES
TABLE 276 ST ENGINEERING: DEALS
TABLE 277 ELBIT SYSTEMS LTD.: COMPANY OVERVIEW
TABLE 278 ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 279 ELBIT SYSTEMS LTD.: OTHERS
TABLE 280 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
TABLE 281 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 282 HYUNDAI ROTEM COMPANY: COMPANY OVERVIEW
TABLE 283 HYUNDAI ROTEM COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 284 HYUNDAI ROTEM COMPANY: PRODUCT LAUNCHES
TABLE 285 HYUNDAI ROTEM COMPANY: OTHERS
TABLE 286 TEXTRON INC.: COMPANY OVERVIEW
TABLE 287 TEXTRON INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 288 OTOKAR OTOMOTIV VE SAVUNMA SANAYI: COMPANY OVERVIEW
TABLE 289 OTOKAR OTOMOTIV VE SAVUNMA SANAYI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 290 OTOKAR OTOMOTIV VE SAVUNMA SANAYI: OTHERS
TABLE 291 DENEL SOC LTD.: COMPANY OVERVIEW
TABLE 292 DENEL SOC LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 293 DENEL SOC LTD.: DEALS
TABLE 294 KNDS: COMPANY OVERVIEW
TABLE 295 KNDS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 296 KNDS: DEALS
TABLE 297 KNDS: OTHERS
TABLE 298 FNSS: COMPANY OVERVIEW
TABLE 299 FNSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 300 FNSS: PRODUCT LAUNCHES
TABLE 301 FNSS: OTHERS
TABLE 302 CHINA NORTH INDUSTRIES CORPORATION (NORINCO): COMPANY OVERVIEW
TABLE 303 CHINA NORTH INDUSTRIES CORPORATION (NORINCO): PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 304 CHINA NORTH INDUSTRIES CORPORATION (NORINCO): PRODUCT LAUNCHES
TABLE 305 RTX: COMPANY OVERVIEW
TABLE 306 RTX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 307 RTX: OTHERS
TABLE 308 IVECO DEFENCE VEHICLES: COMPANY OVERVIEW
TABLE 309 IVECO DEFENCE VEHICLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 310 IVECO DEFENCE VEHICLES: PRODUCT LAUNCHES
TABLE 311 IVECO DEFENCE VEHICLES: DEALS
TABLE 312 IVECO DEFENCE VEHICLES: OTHERS
TABLE 313 PARAMOUNT GROUP: COMPANY OVERVIEW
TABLE 314 PARAMOUNT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 315 PARAMOUNT GROUP: PRODUCT LAUNCHES
TABLE 316 PARAMOUNT GROUP: DEALS
TABLE 317 PARAMOUNT GROUP: OTHERS
TABLE 318 ARQUUS: COMPANY OVERVIEW
TABLE 319 TATRA TRUCKS A.S.: COMPANY OVERVIEW
TABLE 320 KALYANI STRATEGIC SYSTEMS LTD.: COMPANY OVERVIEW
TABLE 321 AM GENERAL: COMPANY OVERVIEW
TABLE 322 MAHINDRA EMIRATES VEHICLE ARMOURING FZ LLC: COMPANY OVERVIEW
TABLE 323 TATA ADVANCED SYSTEMS LIMITED: COMPANY OVERVIEW
TABLE 324 INKAS ARMORED VEHICLE MANUFACTURING: COMPANY OVERVIEW
TABLE 325 STREIT GROUP: COMPANY OVERVIEW
 
 
LIST OF FIGURES (78 FIGURES)
 
FIGURE 1 ARMORED VEHICLES MARKET SEGMENTATION
FIGURE 2 REPORT PROCESS FLOW
FIGURE 3 RESEARCH DESIGN
FIGURE 4 IMPACT OF RUSSIA-UKRAINE WAR ON MACRO FACTORS OF ARMORED VEHICLES MARKET
FIGURE 5 IMPACT OF RUSSIA-UKRAINE WAR ON MICRO FACTORS OF ARMORED VEHICLES MARKET
FIGURE 6 BOTTOM-UP APPROACH
FIGURE 7 TOP-DOWN APPROACH
FIGURE 8 DATA TRIANGULATION
FIGURE 9 COMBAT VEHICLES TO BE LARGEST SEGMENT DURING FORECAST PERIOD
FIGURE 10 WHEELED SEGMENT TO HOLD HIGHER MARKET SHARE DURING FORECAST PERIOD
FIGURE 11 UNMANNED TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
FIGURE 12 ELECTRIC ARMORED VEHICLES TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD
FIGURE 13 ASIA PACIFIC TO BE LARGEST MARKET FOR ARMORED VEHICLES DURING FORECAST PERIOD
FIGURE 14 NEED FOR BORDER SECURITY AND MARITIME PATROLLING TO DRIVE GROWTH
FIGURE 15 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 16 COMBAT VEHICLES TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD
FIGURE 17 WHEELED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 18 MANNED SEGMENT TO ACQUIRE MAXIMUM MARKET SHARE IN 2029
FIGURE 19 CONVENTIONAL ARMORED VEHICLES TO SURPASS ELECTRIC ARMORED VEHICLES DURING FORECAST PERIOD
FIGURE 20 ARMORED VEHICLES MARKET DYNAMICS
FIGURE 21 TOP 10 DEFENSE SPENDERS, 2020–2030
FIGURE 22 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 23 ECOSYSTEM ANALYSIS
FIGURE 24 INDICATIVE PRICING ANALYSIS OF ARMORED VEHICLES, BY PLATFORM, 2023
FIGURE 25 VALUE CHAIN ANALYSIS
FIGURE 26 EVOLUTION OF KEY TECHNOLOGIES
FIGURE 27 EMERGING TRENDS RELATED TO ARMORED VEHICLES
FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ARMORED VEHICLES, BY MODE OF OPERATION
FIGURE 29 KEY BUYING CRITERIA FOR ARMORED VEHICLES, BY PLATFORM
FIGURE 30 EXPORT DATA, BY REGION, 2020–2022
FIGURE 31 IMPORT DATA, BY REGION, 2020–2022
FIGURE 32 BILL OF MATERIALS FOR ARMORED VEHICLES
FIGURE 33 BILL OF MATERIALS FOR MAIN BATTLE TANKS
FIGURE 34 BILL OF MATERIALS FOR ARMORED PERSONNEL CARRIERS
FIGURE 35 BILL OF MATERIALS FOR INFANTRY FIGHTING VEHICLES
FIGURE 36 TOTAL COST OF OWNERSHIP OF ARMORED VEHICLES
FIGURE 37 PERCENTAGE BREAKDOWN OF TOTAL COST OF OWNERSHIP
FIGURE 38 BUSINESS MODELS OF ARMORED VEHICLES MARKET
FIGURE 39 VENTURE CAPITAL FOR UNMANNED GROUND VEHICLES
FIGURE 40 TECHNOLOGY TRENDS
FIGURE 41 SUPPLY CHAIN ANALYSIS
FIGURE 42 PATENT ANALYSIS
FIGURE 43 ARMORED VEHICLES MARKET, BY PLATFORM, 2024–2029
FIGURE 44 ARMORED VEHICLES MARKET, BY TYPE, 2024–2029
FIGURE 45 ARMORED VEHICLES MARKET, BY MOBILITY, 2024–2029
FIGURE 46 ARMORED VEHICLES MARKET, BY MODE OF OPERATION, 2024–2029
FIGURE 47 ARMORED VEHICLES MARKET, BY SYSTEM, 2024–2029
FIGURE 48 ARMORED VEHICLES MARKET, BY REGION, 2024–2029
FIGURE 49 NORTH AMERICA: ARMORED VEHICLES MARKET SNAPSHOT
FIGURE 50 EUROPE: ARMORED VEHICLES MARKET SNAPSHOT
FIGURE 51 ASIA PACIFIC: ARMORED VEHICLES MARKET SNAPSHOT
FIGURE 52 MIDDLE EAST: ARMORED VEHICLES MARKET SNAPSHOT
FIGURE 53 REST OF THE WORLD: ARMORED VEHICLES MARKET SNAPSHOT
FIGURE 54 MARKET RANKING OF KEY PLAYERS, 2023
FIGURE 55 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
FIGURE 56 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023
FIGURE 57 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
FIGURE 58 COMPANY FOOTPRINT
FIGURE 59 COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
FIGURE 60 FINANCIAL METRICS OF PROMINENT PLAYERS, 2023
FIGURE 61 COMPANY VALUATION OF PROMINENT PLAYERS, 2023
FIGURE 62 BRAND/PRODUCT COMPARISON
FIGURE 63 RHEINMETALL AG: COMPANY SNAPSHOT
FIGURE 64 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
FIGURE 65 OSHKOSH CORPORATION: COMPANY SNAPSHOT
FIGURE 66 BAE SYSTEMS: COMPANY SNAPSHOT
FIGURE 67 HANWHA GROUP: COMPANY SNAPSHOT
FIGURE 68 NORTHROP GRUMMAN: COMPANY SNAPSHOT
FIGURE 69 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
FIGURE 70 THALES: COMPANY SNAPSHOT
FIGURE 71 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
FIGURE 72 ST ENGINEERING: COMPANY SNAPSHOT
FIGURE 73 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
FIGURE 74 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
FIGURE 75 HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
FIGURE 76 TEXTRON INC.: COMPANY SNAPSHOT
FIGURE 77 OTOKAR OTOMOTIV VE SAVUNMA SANAYI: COMPANY SNAPSHOT
FIGURE 78 RTX: COMPANY SNAPSHOT
 

 

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

Secondary Research

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

Primary Research

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

Armored Vehicles Market Size, and Share

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

Market Size Estimation

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

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

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

Armored Vehicles Market Size: Bottom-up Approach

Armored Vehicles Market Size, and Bottom-up Approach

Armored Vehicles Market Size: Top-Down Approach

Armored Vehicles Market Size, and Top-Down Approach

Data Triangulation

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

Market Definition

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

Market Stakeholders

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

Report Objectives

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

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

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

Product Analysis

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

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AS 2369
Published ON
May, 2024
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