The Global Armored Vehicles Market is poised to grow strong during the forecast period 2018 to 2028. Some of the prominent trends that the market is witnessing include development of modular and scalable armored vehicles , increasing military modernization plans across the globe, and increased adoption of unmanned combat ground vehicles by defense forces of different countries.
Based on the type, the market is segregated into conventional and electric.
By mode of operation, the market is fragmented into unmanned and manned.
With respect to the mobility, the market is segmented into tracked and wheeled. The wheeled segment is further divided into 4X4, 6X6, and 8X8.
On the basis of platform, the market is segregated into combat support vehicles, unmanned armored ground vehicles, combat vehicles, limousine, bus/van, sedan, and sport utility vehicle (SUV). The combat support vehicles segment is further divided into repair and recovery vehicles, armored command and control vehicles, and armored supply trucks. The armored supply trucks segment is further divided into armored fuel truck, armored ambulance, and armored ammunition replenishment vehicle. The combat vehicles segment is further bifurcated into air defense vehicle, armored amphibious vehicle (AAV), armored mortar carrier, armored personnel carrier (APC), infantry fighting vehicle (IFV), light protected vehicle (LPV), main battle tank (MBT), mine-resistant ambush protected (MRAP), self-propelled howitzer, and tactical vehicle.
Amongst system, the market is fragmented into ammunition handling system, armaments, command & control system, countermeasure system, fire control system (FCS), hull/frame, navigation system, observation & display system, power system, turret drive, engine, drive system, and ballistic armor. . The engine segment is further bifurcated into turbine engine and diesel engine. The drive system segment is further divided into tracks and wheels, suspension & braking system, and power transmission drives. The ballistic armor segment is again bifurcated into add-on armor, composite armor, depleted uranium armor, electric armor, explosive reactive armor, and homogenous armor.
With respect to the technology, the market is segmented into active mine system, passive, active protection system, situational awareness system, inter operable communication, vehicle information integration, and modular ballistic armor.
Based on the application, the market is segregated into commercial, defense, and media/academic. The commercial segment is further divided into government, banks, VIPs, and embassy. The defense segment is further bifurcated into homeland security, military, and law enforcement.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2015, 2016 revenue estimations are presented for 2017 and forecasts from 2018 till 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
Regional Analysis:
North America
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific
Middle East
- Saudi Arabia
- UAE
- Rest of Middle East
Latin America
- Argentina
- Brazil
- Rest of Latin America
Rest of the World
Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
- Market opportunities and recommendations for new investments
Table of Contents
1 Market Outline
- 1.1 Research Methodology
- 1.1.1 Research Approach & Sources
- 1.2 Market Trends
- 1.3 Regulatory Factors
- 1.4 Technology Analysis
- 1.5 Application Analysis
- 1.6 Strategic Benchmarking
- 1.7 Opportunity Analysis
2 Executive Summary
3 Market Overview
- 3.1 Current Trends
- 3.1.1 Development of Modular and Scalable Armored Vehicles
- 3.1.2 Increasing Military Modernization Plans Across the Globe
- 3.1.3 Increased Adoption of Unmanned Combat Ground Vehicles by Defense Forces of Different Countries
- 3.1.4 Growth Opportunities/Investment Opportunities
- 3.2 Drivers
- 3.3 Constraints
- 3.4 Industry Attractiveness
- 3.4.1 Bargaining power of suppliers
- 3.4.2 Bargaining power of buyers
- 3.4.3 Threat of substitutes
- 3.4.4 Threat of new entrants
- 3.4.5 Competitive rivalry
4 Armored Vehicles Market, By Type
- 4.1 Conventional
- DATA TABLE Conventional Market Forecast to 2028 (US$ MN)
- 4.2 Electric
- DATA TABLE Electric Market Forecast to 2028 (US$ MN)
5 Armored Vehicles Market, By Mode of Operation
- 5.1 Unmanned
- DATA TABLE Unmanned Market Forecast to 2028 (US$ MN)
- 5.2 Manned
- DATA TABLE Manned Market Forecast to 2028 (US$ MN)
6 Armored Vehicles Market, By Mobility
- 6.1 Tracked
- DATA TABLE Tracked Market Forecast to 2028 (US$ MN)
- 6.2 Wheeled
- DATA TABLE Wheeled Market Forecast to 2028 (US$ MN)
- 6.2.1 4X4
- DATA TABLE 4X4 Market Forecast to 2028 (US$ MN)
- 6.2.2 6X6
- DATA TABLE 6X6 Market Forecast to 2028 (US$ MN)
- 6.2.3 8X8
- DATA TABLE 8X8 Market Forecast to 2028 (US$ MN)
7 Armored Vehicles Market, By Platform
- 7.1 Combat Support Vehicles
- DATA TABLE Combat Support Vehicles Market Forecast to 2028 (US$ MN)
- 7.1.1 Repair and Recovery Vehicles
- DATA TABLE Repair and Recovery Vehicles Market Forecast to 2028 (US$ MN)
- 7.1.2 Armored Command and Control Vehicles
- DATA TABLE Armored Command and Control Vehicles Market Forecast to 2028 (US$ MN)
- 7.1.3 Armored Supply Trucks
- DATA TABLE Armored Supply Trucks Market Forecast to 2028 (US$ MN)
- 7.1.3.1 Armored Fuel Truck
- 7.1.3.2 Armored Ambulance
- 7.1.3.3 Armored Ammunition Replenishment Vehicle
- 7.2 Unmanned Armored Ground Vehicles
- DATA TABLE Unmanned Armored Ground Vehicles Market Forecast to 2028 (US$ MN)
- 7.3 Combat Vehicles
- DATA TABLE Combat Vehicles Market Forecast to 2028 (US$ MN)
- 7.3.1 Air Defense Vehicle
- DATA TABLE Air Defense Vehicle Market Forecast to 2028 (US$ MN)
- 7.3.2 Armored Amphibious Vehicle (AAV)
- DATA TABLE Armored Amphibious Vehicle (AAV) Market Forecast to 2028 (US$ MN)
- 7.3.3 Armored Mortar Carrier
- DATA TABLE Armored Mortar Carrier Market Forecast to 2028 (US$ MN)
- 7.3.4 Armored Personnel Carrier (APC)
- DATA TABLE Armored Personnel Carrier (APC) Market Forecast to 2028 (US$ MN)
- 7.3.5 Infantry Fighting Vehicle (IFV)
- DATA TABLE Infantry Fighting Vehicle (IFV) Market Forecast to 2028 (US$ MN)
- 7.3.6 Light Protected Vehicle (LPV)
- DATA TABLE Light Protected Vehicle (LPV) Market Forecast to 2028 (US$ MN)
- 7.3.7 Main Battle Tank (MBT)
- DATA TABLE Main Battle Tank (MBT) Market Forecast to 2028 (US$ MN)
- 7.3.8 Mine-Resistant Ambush Protected (MRAP)
- DATA TABLE Mine-Resistant Ambush Protected (MRAP) Market Forecast to 2028 (US$ MN)
- 7.3.9 Self-propelled Howitzer
- DATA TABLE Self-propelled Howitzer Market Forecast to 2028 (US$ MN)
- 7.3.10 Tactical Vehicle
- DATA TABLE Tactical Vehicle Market Forecast to 2028 (US$ MN)
- 7.4 Limousine
- DATA TABLE Limousine Market Forecast to 2028 (US$ MN)
- 7.5 Bus/Van
- DATA TABLE Bus/Van Market Forecast to 2028 (US$ MN)
- 7.6 Sedan
- DATA TABLE Sedan Market Forecast to 2028 (US$ MN)
- 7.7 Sport Utility Vehicle (SUV)
- DATA TABLE Sport Utility Vehicle (SUV) Market Forecast to 2028 (US$ MN)
8 Armored Vehicles Market, By System
- 8.1 Ammunition Handling System
- DATA TABLE Ammunition Handling System Market Forecast to 2028 (US$ MN)
- 8.2 Armaments
- DATA TABLE Armaments Market Forecast to 2028 (US$ MN)
- 8.3 Command & Control System
- DATA TABLE Command & Control System Market Forecast to 2028 (US$ MN)
- 8.4 Counter measure System
- DATA TABLE Counter measure System Market Forecast to 2028 (US$ MN)
- 8.5 Fire Control System (FCS)
- DATA TABLE Fire Control System (FCS) Market Forecast to 2028 (US$ MN)
- 8.6 Hull/Frame
- DATA TABLE Hull/Frame Market Forecast to 2028 (US$ MN)
- 8.7 Navigation System
- DATA TABLE Navigation System Market Forecast to 2028 (US$ MN)
- 8.8 Observation & Display System
- DATA TABLE Observation & Display System Market Forecast to 2028 (US$ MN)
- 8.9 Power System
- DATA TABLE Power System Market Forecast to 2028 (US$ MN)
- 8.10 Turret Drive
- DATA TABLE Turret Drive Market Forecast to 2028 (US$ MN)
- 8.11 Engine
- DATA TABLE Engine Market Forecast to 2028 (US$ MN)
- 8.11.1 Turbine Engine
- DATA TABLE Turbine Engine Market Forecast to 2028 (US$ MN)
- 8.11.2 Diesel Engine
- DATA TABLE Diesel Engine Market Forecast to 2028 (US$ MN)
- 8.12 Drive System
- DATA TABLE Drive System Market Forecast to 2028 (US$ MN)
- 8.12.1 Tracks and Wheels
- DATA TABLE Tracks and Wheels Market Forecast to 2028 (US$ MN)
- 8.12.2 Suspension & Braking System
- DATA TABLE Suspension & Braking System Market Forecast to 2028 (US$ MN)
- 8.12.3 Power Transmission Drives
- DATA TABLE Power Transmission Drives Market Forecast to 2028 (US$ MN)
- 8.13 Ballistic Armor
- DATA TABLE Ballistic Armor Market Forecast to 2028 (US$ MN)
- 8.13.1 Add-on Armor
- DATA TABLE Add-on Armor Market Forecast to 2028 (US$ MN)
- 8.13.2 Composite Armor
- DATA TABLE Composite Armor Market Forecast to 2028 (US$ MN)
- 8.13.3 Depleted Uranium Armor
- DATA TABLE Depleted Uranium Armor Market Forecast to 2028 (US$ MN)
- 8.13.4 Electric Armor
- DATA TABLE Electric Armor Market Forecast to 2028 (US$ MN)
- 8.13.5 Explosive Reactive Armor
- DATA TABLE Explosive Reactive Armor Market Forecast to 2028 (US$ MN)
- 8.13.6 Homogenous Armor
- DATA TABLE Homogenous Armor Market Forecast to 2028 (US$ MN)
9 Armored Vehicles Market, By Technology
- 9.1 Active Mine System
- DATA TABLE Active Mine System Market Forecast to 2028 (US$ MN)
- 9.2 Passive
- DATA TABLE Passive Market Forecast to 2028 (US$ MN)
- 9.3 Active Protection System
- DATA TABLE Active Protection System Market Forecast to 2028 (US$ MN)
- 9.4 Situational Awareness System
- DATA TABLE Situational Awareness System Market Forecast to 2028 (US$ MN)
- 9.5 Inter Operable Communication
- DATA TABLE Inter Operable Communication Market Forecast to 2028 (US$ MN)
- 9.6 Vehicle Information Integration
- DATA TABLE Vehicle Information Integration Market Forecast to 2028 (US$ MN)
- 9.7 Modular Ballistic Armor
- DATA TABLE Modular Ballistic Armor Market Forecast to 2028 (US$ MN)
10 Armored Vehicles Market, By Application
- 10.1 Commercial
- DATA TABLE Virgin Kraft Paper Market Forecast to 2028 (US$ MN)
- 10.1.1 Government
- DATA TABLE Government Market Forecast to 2028 (US$ MN)
- 10.1.2 Banks
- DATA TABLE Banks Market Forecast to 2028 (US$ MN)
- 10.1.3 VIPs
- DATA TABLE VIPs Market Forecast to 2028 (US$ MN)
- 10.1.4 Embassy
- DATA TABLE Embassy Market Forecast to 2028 (US$ MN)
- 10.2 Defense
- DATA TABLE Defense Market Forecast to 2028 (US$ MN)
- 10.2.1 Homeland Security
- DATA TABLE Homeland Security Market Forecast to 2028 (US$ MN)
- 10.2.2 Military
- DATA TABLE Military Market Forecast to 2028 (US$ MN)
- 10.2.3 Law Enforcement
- DATA TABLE Law Enforcement Market Forecast to 2028 (US$ MN)
- 10.3 Media/Academic
- DATA TABLE Media/Academic Market Forecast to 2028 (US$ MN)
11 Armored Vehicles Market, By Geography
- 11.1 North America
- DATA TABLE North America Market Forecast by Countries to 2028 (US$ MN)
- 11.1.1 US
- 11.1.2 Canada
- 11.1.3 Mexico
- 11.2 Europe
- DATA TABLE Europe Market Forecast by Countries to 2028 (US$ MN)
- 11.2.1 Germany
- 11.2.2 U.K
- 11.2.3 Italy
- 11.2.4 France
- 11.2.5 Spain
- 11.2.6 Rest of Europe
- 11.3 Asia Pacific
- DATA TABLE Asia Pacific Market Forecast by Countries to 2028 (US$ MN)
- 11.3.1 China
- 11.3.2 Japan
- 11.3.3 India
- 11.3.4 Australia
- 11.3.5 New Zealand
- 11.3.6 Rest of Asia Pacific
- 11.4 Middle East
- DATA TABLE Middle East Market Forecast by Countries to 2028 (US$ MN)
- 11.4.1 Saudi Arabia
- 11.4.2 UAE
- 11.4.3 Rest of Middle East
- 11.5 Latin America
- DATA TABLE Latin America Market Forecast by Countries to 2028 (US$ MN)
- 11.5.1 Argentina
- 11.5.2 Brazil
- 11.5.3 Rest of Latin America
- 11.6 Rest of the World (RoW)
- DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2028 (US$ MN)
- 11.6.1 South Africa
- 11.6.2 Others
12 Key Player Activities
- 12.1 Acquisitions & Mergers
- 12.2 Agreements, Partnerships, Collaborations and Joint Ventures
- 12.3 Product Launch & Expansions
- 12.4 Other Activities
13 Leading Companies
- 13.1 Thales Group
- 13.2 Textron Inc.
- 13.3 STAT, Inc
- 13.4 Rheinmetall AG
- 13.5 Oshkosh Defense, LLC
- 13.6 Navistar, Inc
- 13.7 Lockheed Martin Corporation
- 13.8 Lenco Industries, Inc
- 13.9 Krauss-Maffei Wegmann GmbH & Co
- 13.10 Iveco
- 13.11 International Armored Group
- 13.12 INKAS Armored Vehicle Manufacturing
- 13.13 General Dynamics Corporation
- 13.14 Elbit Systems Ltd
- 13.15 BAE Systems