Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Armoured Vehicle Market Trends
The market is being driven by the growing need to counter rising criminal activities and cross-border terrorism by countries’ military and security departments. The primary factors increasing armoured vehicles demand are the militarisation of law enforcement organisations, technological advancements in armoured cars, an increase in insurgencies, and the commercial use of armoured vehicles. The reduction in domestic defence budgets and the increased use of un-crewed cars are the limitations for the market, which may hamper its growth over the forecast period.
| Market Share by | Country |
| UK | 3.4% |
| USA | XX% |
| Canada | XX% |
| Germany | XX% |
Armoured Vehicle Market Report Snapshots
Armoured Vehicle Market Growth
Armoured Vehicle Market Trends
Armoured Vehicle Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the global armoured vehicle market attained a value of nearly USD 33.87 billion.
The market is estimated to grow at a CAGR of 5.8% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the growing need to counter rising criminal activities, militarisation of law enforcement organisations, technological advancements in armoured cars, increase in insurgencies, increasing awareness regarding commercial security, and the commercial use of armoured vehicles.
The rising military and defence expenditure in the emerging economies and rising activities of cross-border terrorism are the key trends guiding the growth of the industry.
Main battle tanks (MBT), mine-resistant ambush-protected (MRAP), light protected vehicles (LPV), armoured personnel carriers (APC), amphibious armoured vehicles, and unmanned ground vehicles (UGV), among others are the major types of armoured vehicles included in the market.
Active protection systems, interoperable communication systems, modular ballistic armour system, electric armour, situational awareness, active mine protection systems, and vehicle information integration are the significant technologies used in the market.
The market can be bifurcated into wheeled and tracked based on mobility.
Engines, drive systems, ballistic armor, turrets drive, ammunition handling system, fire control system, armaments, countermeasure systems, command and control (C2) systems, power systems, navigation systems, observation and display systems, and hulls/frames are the different systems based on which the market is segmented.
Commercial organisation, government organisation, and military, among others are the major applications of armoured vehicle.
The major players in the industry are Oshkosh Defense, LLC, Textron Systems Corporation, Denel Vehicle Systems, Krauss-Maffei Wegmann GmbH and Co., FNSS Savunma Sistemleri A.S., General Dynamics Corporation, BAE Systems plc, Rheinmetall AG, Others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 56.3 billion by 2032.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124