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Global Armoured Vehicle Market Report and Forecast 2024-2032
Market Report I 2023-12-01 I 154 Pages I EMR Inc.
Global Armoured Vehicle Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global armoured vehicle market is projected to grow at a CAGR of 5.8% between 2024 and 2032. Aided by the escalating geopolitical tensions and the heightened need for advanced security and defence mechanisms, the market is expected to grow significantly by 2032.
Armoured vehicles, essential in defence and security operations, are designed to provide protection against ballistic threats, improvised explosive devices (IEDs), and other forms of attack. These vehicles range from light-armoured tactical vehicles to heavily fortified tanks, each serving a unique role in military and law enforcement operations. The growing demand for these vehicles is driven by the increasing instances of armed conflicts, terrorism, and the need for advanced border security solutions.
One of the primary factors fuelling the global armoured vehicle market growth is the rising global military expenditure. Nations are investing heavily in defence capabilities to safeguard their territories and maintain geopolitical stability. This investment includes the procurement of new armoured vehicles and the upgrading of existing fleets with advanced technologies, such as enhanced armour, improved mobility, and sophisticated weapon systems.
As per the armoured vehicle market analysis, the evolving nature of warfare and the increasing frequency of asymmetric warfare tactics, such as guerrilla attacks and urban combat, necessitate the deployment of versatile and robust armoured vehicles. These vehicles need to be adaptable to various terrains and capable of providing superior protection to personnel in high-threat environments.
The technological advancements in armoured vehicle manufacturing are another significant factor contributing to the armoured vehicle market size. The integration of artificial intelligence (AI), unmanned systems, and advanced communication and surveillance equipment is transforming the capabilities of these vehicles. Such advancements not only enhance operational efficiency but also increase the survivability of forces in hostile situations.
Additionally, the heightened focus on homeland security and the increasing use of armoured vehicles by law enforcement agencies is propelling armoured vehicle market demand. In the face of rising internal security challenges, such as civil unrest and domestic terrorism, police and security forces are increasingly adopting armoured vehicles for patrolling, riot control, and counter-terrorism operations.
Market Segmentation
The market can be divided based on type, technology used, mobility, system, application, and region.
Market Breakup by Type
- Main Battle Tanks (MBT)
- Mine-Resistant Ambush-Protected (MRAP)
Light Protected Vehicles (LPV)
- Armoured Personnel Carriers (APC)
- Amphibious Armoured Vehicles
- Unmanned Ground Vehicles (UGV)
- Others
Market Breakup by Technology Used
- Active Protection Systems
- Interoperable Communication Systems
- Modular Ballistic Armour Systems
- Electric Armour
- Situational Awareness
- Active Mine Protection Systems
- Vehicle Information Integration
Market Breakup by Mobility
- Wheeled
- Tracked
Market Breakup by System
- Engines
- Drive System
- Ballistic Armour
- Turrets Drive
- Ammunition Handling System
- Fire Control System
- Armaments
- Countermeasure Systems
- Command and Control (C2) Systems
- Power Systems
- Navigation Systems
- Observation and Display Systems
- Hulls/Frames
Market Breakup by Application
- Commercial Organisation
- Government Organisation
- Military
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global armoured vehicle market. Some of the major players explored in the report by Expert Market Research are as follows:
- Oshkosh Defense, LLC
- Textron Systems Corporation
- Denel Vehicle Systems
- Krauss-Maffei Wegmann GmbH & Co.
- FNSS Savunma Sistemleri A.S
- General Dynamics Corporation
- BAE Systems Plc
- Rheinmetall AG
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Armoured Vehicle Market Analysis
8.1 Key Industry Highlights
8.2 Global Armoured Vehicle Historical Market (2018-2023)
8.3 Global Armoured Vehicle Market Forecast (2024-2032)
8.4 Global Armoured Vehicle Market by Type
8.4.1 Main Battle Tanks (MBT)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Mine-Resistant Ambush-Protected (MRAP)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Light Protected Vehicles (LPV)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Armoured Personnel Carriers (APC)
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Amphibious Armoured Vehicles
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Unmanned Ground Vehicles (UGV)
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Armoured Vehicle Market by Technology Used
8.5.1 Active Protection Systems
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Interoperable Communication Systems
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Modular Ballistic Armour Systems
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Electric Armour
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Situational Awareness
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Active Mine Protection Systems
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Vehicle Information Integration
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.6 Global Armoured Vehicle Market by Mobility
8.6.1 Wheeled
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Tracked
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Armoured Vehicle Market by System
8.7.1 Engine
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Drive Systems
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Ballistic Armor
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Turrets Drive
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Ammunition Handling System
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Fire Control System
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Armaments
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Countermeasure Systems
8.7.8.1 Historical Trend (2018-2023)
8.7.8.2 Forecast Trend (2024-2032)
8.7.9 Command and Control (C2) Systems
8.7.9.1 Historical Trend (2018-2023)
8.7.9.2 Forecast Trend (2024-2032)
8.7.10 Power Systems
8.7.10.1 Historical Trend (2018-2023)
8.7.10.2 Forecast Trend (2024-2032)
8.7.11 Navigation Systems
8.7.11.1 Historical Trend (2018-2023)
8.7.11.2 Forecast Trend (2024-2032)
8.7.12 Observation and Display Systems
8.7.12.1 Historical Trend (2018-2023)
8.7.12.2 Forecast Trend (2024-2032)
8.7.13 Hulls/Frames
8.7.13.1 Historical Trend (2018-2023)
8.7.13.2 Forecast Trend (2024-2032)
8.8 Global Armoured Vehicle Market by Application
8.8.1 Commercial Organization
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Government Organization
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Military
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Others
8.9 Global Armoured Vehicle Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Armoured Vehicle Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Armoured Vehicle Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Armoured Vehicle Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Armoured Vehicle Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Armoured Vehicle Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porters Five Forces Analysis
14.2.1 Suppliers Power
14.2.2 Buyers Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Oshkosh Defense, LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Textron Systems Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Denel Vehicle Systems
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Krauss-Maffei Wegmann GmbH and Co.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 FNSS Savunma Sistemleri A.S.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 General Dynamics Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 BAE Systems plc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Rheinmetall AG
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Armoured Vehicle Market: Key Industry Highlights, 2018 and 2032
2. Global Armoured Vehicle Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Armoured Vehicle Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Armoured Vehicle Historical Market: Breakup by Technology Used (USD Million), 2018-2023
5. Global Armoured Vehicle Market Forecast: Breakup by Technology Used (USD Million), 2024-2032
6. Global Armoured Vehicle Historical Market: Breakup by Mobility (USD Million), 2018-2023
7. Global Armoured Vehicle Market Forecast: Breakup by Mobility (USD Million), 2024-2032
8. Global Armoured Vehicle Historical Market: Breakup by System (USD Million), 2018-2023
9. Global Armoured Vehicle Market Forecast: Breakup by System (USD Million), 2024-2032
10. Global Armoured Vehicle Historical Market: Breakup by Application (USD Million), 2018-2023
11. Global Armoured Vehicle Market Forecast: Breakup by Application (USD Million), 2024-2032
12. Global Armoured Vehicle Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Armoured Vehicle Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Armoured Vehicle Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Armoured Vehicle Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Armoured Vehicle Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Armoured Vehicle Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Armoured Vehicle Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Armoured Vehicle Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Armoured Vehicle Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Armoured Vehicle Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Armoured Vehicle Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Armoured Vehicle Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Major Exporting Countries by Value
25. Major Importing Countries by Value
26. Major Exporting Countries by Volume
27. Major Importing Countries by Volume
28. Global Armoured Vehicle Market Structure
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