PUBLISHER: TechNavio | PRODUCT CODE: 1685027
PUBLISHER: TechNavio | PRODUCT CODE: 1685027
The armored vehicles market is forecasted to grow by USD 8316.8 million during 2024-2029, accelerating at a CAGR of 6.8% during the forecast period. The report on the armored vehicles market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising incidences of asymmetric warfare globally, upgrade of defense capabilities to counter emerging security threats, and advent of hybrid drivetrains in MRAPs.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 5.8% |
CAGR | 6.8% |
Incremental Value | $8316.8 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's armored vehicles market is segmented as below:
By Mobility Type
By Type
By Product
By Application
By Geographical Landscape
This study identifies the increased adoption of unmanned combat ground vehicles as one of the prime reasons driving the armored vehicles market growth during the next few years. Also, integration of directed energy weapons (DEW) with armored vehicles and emergence of active protection systems (APS) will lead to sizable demand in the market.
The report on the armored vehicles market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading armored vehicles market vendors that include AB Volvo, Alpine Armoring Inc., Armormax, BAE Systems PLC, Denel SOC Ltd., General Dynamics Corp., International Armored Group, Iveco Group N.V, KNDS N.V., Lockheed Martin Corp., Mahindra and Mahindra Ltd., Milkor Pty Ltd., Oshkosh Corp., Otokar Automotive and Defense Industry Inc., Rheinmetall AG, Rostec, STREIT Group, SVI ENGINEERING, Textron Inc., and Traton SE. Also, the armored vehicles market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Exhibits: