Global Armored Vehicles Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Armored Vehicles Market is presumed to reach the market size of nearly USD 46.94 Billion by 2032 from USD 28.89 Billion in 2023 with a CAGR of 5.54% under the study period 2024-2032.

Armored vehicles are security vehicles used to transport armed forces safely and securely. Military armored vehicles were traditionally only possessed by military personnel, ministers, and law enforcement officers. The wheel section includes armored vehicles that move on wheels and are employed for transportation or warfare on the battlefield. Armored vehicles are armed combat vehicles with armor around them to defend them from IEDs, missiles, weaponry, shrapnels, bullets, projectiles, and weapon systems. The defense forces put artificial intelligence into their armored vehicles for seamless and effective operations in high-risk situations. Furthermore, track armored vehicles use a vehicle propulsion system in which two or more wheels drive a continuous band of track plates or threads.

MARKET DYNAMICS

The rising demand for armored vehicles is fueling the global market due to the militarisation of law enforcement agencies and increased demand for bulletproof cars. Furthermore, governments from various countries are investing in and purchasing armored vehicles from the market's leading players for defense forces, which is projected to drive the armored vehicles market forward. Many countries are focusing on developing armored vehicles for various purposes, including reconnaissance, infantry transport, fire support, medical evacuation, and others, which is moving the armored vehicle market forward. Additionally, the armored vehicles market will grow as demand for such military vehicles grows. As a result, the development and manufacture of modular armored vehicles represent a significant potential opportunity for global armored vehicle industry participants. However, the armored vehicles market's growth is stifling by shrinking national defense budgets.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Armored Vehicles. The growth and trends of Armored Vehicles industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Armored Vehicles market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Vehicle Type

Combat vehicles (Armored Personnel Carriers (APCs), Armored Amphibious Vehicles (AAVs), Light Protected Vehicles (LPVs), Main Battle Tanks (MBTs), Air defense vehicles, Mine-resistant Ambush Protected (MRAP))
Combat support Vehicles
Unmanned armored Vehicles

By Propulsion Type

IC Engine
Electric

By Mobility

Wheeled (4x4, 6x6, 8x8, 10x10, 12x12)
Tracked

By Sales Channel

OEM
Retrofit

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Armored Vehicles market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Armored Vehicles market include BAE Systems, General Dynamics Corporation, Hanwha Defense, IVECO Defence Vehicles, Krauss-Maffei Wegmann GmbH & Co., L3harris Technologies, Oshkosh Corporation Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11217071

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. ARMORED VEHICLES - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Vehicle Type
- 3.7.2 Market Attractiveness Analysis By Propulsion Type
- 3.7.3 Market Attractiveness Analysis By Mobility
- 3.7.4 Market Attractiveness Analysis By Sales Channel
- 3.7.5 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL ARMORED VEHICLES MARKET ANALYSIS BY VEHICLE TYPE

5.1. Overview By Vehicle Type
5.2. Historical and Forecast Data Analysis By Vehicle Type
5.3. Combat vehicles (Armored Personnel Carriers (APCs), Armored Amphibious Vehicles (AAVs), Light Protected Vehicles (LPVs), Main Battle Tanks (MBTs), Air defense vehicles, Mine-resistant Ambush Protected (MRAP)) Historic and Forecast Sales By Regions
5.4. Combat support Vehicles Historic and Forecast Sales By Regions
5.5. Unmanned armored Vehicles Historic and Forecast Sales By Regions

6. GLOBAL ARMORED VEHICLES MARKET ANALYSIS BY PROPULSION TYPE

6.1. Overview By Propulsion Type
6.2. Historical and Forecast Data Analysis By Propulsion Type
6.3. IC Engine Historic and Forecast Sales By Regions
6.4. Electric Historic and Forecast Sales By Regions

7. GLOBAL ARMORED VEHICLES MARKET ANALYSIS BY MOBILITY

7.1. Overview By Mobility
7.2. Historical and Forecast Data Analysis By Mobility
7.3. Wheeled (4x4, 6x6, 8x8, 10x10, 12x12) Historic and Forecast Sales By Regions
7.4. Tracked Historic and Forecast Sales By Regions

8. GLOBAL ARMORED VEHICLES MARKET ANALYSIS BY SALES CHANNEL

8.1. Overview By Sales Channel
8.2. Historical and Forecast Data Analysis By Sales Channel
8.3. OEM Historic and Forecast Sales By Regions
8.4. Retrofit Historic and Forecast Sales By Regions

9. GLOBAL ARMORED VEHICLES MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1 Overview, Historic and Forecast Data Sales Analysis
- 9.3.2 North America By Segment Sales Analysis
- 9.3.3 North America By Country Sales Analysis
- 9.3.4 United States Sales Analysis
- 9.3.5 Canada Sales Analysis
- 9.3.6 Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1 Overview, Historic and Forecast Data Sales Analysis
- 9.4.2 Europe By Segment Sales Analysis
- 9.4.3 Europe By Country Sales Analysis
- 9.4.4 United Kingdom Sales Analysis
- 9.4.5 France Sales Analysis
- 9.4.6 Germany Sales Analysis
- 9.4.7 Italy Sales Analysis
- 9.4.8 Russia Sales Analysis
- 9.4.9 Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1 Overview, Historic and Forecast Data Sales Analysis
- 9.5.2 Asia Pacific By Segment Sales Analysis
- 9.5.3 Asia Pacific By Country Sales Analysis
- 9.5.4 China Sales Analysis
- 9.5.5 India Sales Analysis
- 9.5.6 Japan Sales Analysis
- 9.5.7 South Korea Sales Analysis
- 9.5.8 Australia Sales Analysis
- 9.5.9 South East Asia Sales Analysis
- 9.5.10 Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1 Overview, Historic and Forecast Data Sales Analysis
- 9.6.2 Latin America By Segment Sales Analysis
- 9.6.3 Latin America By Country Sales Analysis
- 9.6.4 Brazil Sales Analysis
- 9.6.5 Argentina Sales Analysis
- 9.6.6 Peru Sales Analysis
- 9.6.7 Chile Sales Analysis
- 9.6.8 Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1 Overview, Historic and Forecast Data Sales Analysis
- 9.7.2 Middle East & Africa By Segment Sales Analysis
- 9.7.3 Middle East & Africa By Country Sales Analysis
- 9.7.4 Saudi Arabia Sales Analysis
- 9.7.5 UAE Sales Analysis
- 9.7.6 Israel Sales Analysis
- 9.7.7 South Africa Sales Analysis
- 9.7.8 Rest Of Middle East And Africa Sales Analysis

10. COMPETITIVE LANDSCAPE OF THE ARMORED VEHICLES COMPANIES

10.1. Armored Vehicles Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11. COMPANY PROFILES OF ARMORED VEHICLES INDUSTRY

11.1. Top Companies Market Share Analysis
11.2. Market Concentration Rate
11.3. BAE Systems
- 11.3.1 Company Overview
- 11.3.2 Company Revenue
- 11.3.3 Products
- 11.3.4 Recent Developments
11.4. General Dynamics Corporation
- 11.4.1 Company Overview
- 11.4.2 Company Revenue
- 11.4.3 Products
- 11.4.4 Recent Developments
11.5. Hanwha Defense
- 11.5.1 Company Overview
- 11.5.2 Company Revenue
- 11.5.3 Products
- 11.5.4 Recent Developments
11.6. IVECO Defence Vehicles
- 11.6.1 Company Overview
- 11.6.2 Company Revenue
- 11.6.3 Products
- 11.6.4 Recent Developments
11.7. Krauss-Maffei Wegmann GmbH & Co.
- 11.7.1 Company Overview
- 11.7.2 Company Revenue
- 11.7.3 Products
- 11.7.4 Recent Developments
11.8. L3harris Technologies
- 11.8.1 Company Overview
- 11.8.2 Company Revenue
- 11.8.3 Products
- 11.8.4 Recent Developments
11.9. Oshkosh Corporation Inc
- 11.9.1 Company Overview
- 11.9.2 Company Revenue
- 11.9.3 Products
- 11.9.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies