Armored Vehicle Market Size, Share, & Trends Report

Armored Vehicle Market Size, Share, & Trends Analysis Report By Type (Conventional, Electric), By Product (Combat Support, Combat), By Mobility, By Mode Of Operation, By Point Of Sale, By System, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-594-6
  • Number of Pages: 100
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2021
  • Industry: Technology

Market Segmentation

  • Armored Vehicle Product Outlook (Revenue, USD Million, 2017 - 2030)
    • Combat Vehicles
      • Armored Personnel Carrier (APC)
      • Infantry Fighting Vehicles (IFV)
      • Light Protected Vehicles (LPV)
      • Main Battle Tanks (MBT)
      • Mine-resistant Ambush Protected (MRAP)
      • Tactical Vehicle
      • Others
    • Combat Support Vehicles
      • Armored Supply Trucks
      • Armored Command & Control Vehicles
      • Repair & Recovery Vehicles
      • Unmanned Armored Ground Vehicles
  • Armored Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)
    • Electric Armored Vehicles
    • Conventional Armored Vehicles
  • Armored Vehicle Mobility Outlook (Revenue, USD Million, 2017 - 2030)
    • Wheeled
    • Tracked
  • Armored Vehicle Mode of Operation Outlook (Revenue, USD Million, 2017 - 2030)
    • Manned Armored Vehicles
    • Unmanned Armored Vehicles
  • Armored Vehicle Point of Sale Outlook (Revenue, USD Million, 2017 - 2030)
    • OEM
    • Retrofit
  • Armored Vehicle System Outlook (Revenue, USD Million, 2017 - 2030)
    • Engines
    • Drive Systems
    • Ballistic Armor
    • Fire Control Systems (FCS)
    • Navigation Systems
  • Armored Vehicle Regional Outlook (Revenue, USD Million, 2017 - 2030)
    • North America
      • North America Armored Vehicle Market, By Product
        • Combat Vehicles
          • Armored Personnel Carrier (APC)
          • Infantry Fighting Vehicles (IFV)
          • Light Protected Vehicles (LPV)
          • Main Battle Tanks (MBT)
          • Mine-resistant Ambush Protected (MRAP)
          • Tactical Vehicle
          • Others
        • Combat Support Vehicles
          • Armored Supply Trucks
          • Armored Command & Control Vehicles
          • Repair & Recovery Vehicles
          • Unmanned Armored Ground Vehicles
      • North America Armored Vehicle Market, By Type
        • Electric Armored Vehicles
        • Conventional Armored Vehicles
      • North America Armored Vehicle Market, By Mobility
        • Wheeled
        • Tracked
      • North America Armored Vehicle Market, By Mode of Operation
        • Manned Armored Vehicles
        • Unmanned Armored Vehicles
      • North America Armored Vehicle Market, By Point of Sale
        • OEM
        • Retrofit
      • North America Armored Vehicle Market, By System
        • Engines
        • Drive Systems
        • Ballistic Armor
        • Fire Control Systems (FCS)
        • Navigation Systems
      • U.S.
        • U.S. Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • U.S. Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • U.S. Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • U.S. Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • U.S. Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • U.S. Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • Canada
        • Canada Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • Canada Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • Canada Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • Canada Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • Canada Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • Canada Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
    • Europe
      • Europe Armored Vehicle Market, By Product
        • Combat Vehicles
          • Armored Personnel Carrier (APC)
          • Infantry Fighting Vehicles (IFV)
          • Light Protected Vehicles (LPV)
          • Main Battle Tanks (MBT)
          • Mine-resistant Ambush Protected (MRAP)
          • Tactical Vehicle
          • Others
        • Combat Support Vehicles
          • Armored Supply Trucks
          • Armored Command & Control Vehicles
          • Repair & Recovery Vehicles
          • Unmanned Armored Ground Vehicles
      • Europe Armored Vehicle Market, By Type
        • Electric Armored Vehicles
        • Conventional Armored Vehicles
      • Europe Armored Vehicle Market, By Mobility
        • Wheeled
        • Tracked
      • Europe Armored Vehicle Market, By Mode of Operation
        • Manned Armored Vehicles
        • Unmanned Armored Vehicles
      • Europe Armored Vehicle Market, By Point of Sale
        • OEM
        • Retrofit
      • Europe Armored Vehicle Market, By System
        • Engines
        • Drive Systems
        • Ballistic Armor
        • Fire Control Systems (FCS)
        • Navigation Systems
      • Germany
        • Germany Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • Germany Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • Germany Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • Germany Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • Germany Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • Germany Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • UK
        • UK Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • UK Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • UK Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • UK Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • UK Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • UK Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • France
        • France Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • France Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • France Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • France Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • France Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • France Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
    • Asia Pacific
      • Asia Pacific Armored Vehicle Market, By Product
        • Combat Vehicles
          • Armored Personnel Carrier (APC)
          • Infantry Fighting Vehicles (IFV)
          • Light Protected Vehicles (LPV)
          • Main Battle Tanks (MBT)
          • Mine-resistant Ambush Protected (MRAP)
          • Tactical Vehicle
          • Others
        • Combat Support Vehicles
          • Armored Supply Trucks
          • Armored Command & Control Vehicles
          • Repair & Recovery Vehicles
          • Unmanned Armored Ground Vehicles
      • Asia Pacific Armored Vehicle Market, By Type
        • Electric Armored Vehicles
        • Conventional Armored Vehicles
      • Asia Pacific Armored Vehicle Market, By Mobility
        • Wheeled
        • Tracked
      • Asia Pacific Armored Vehicle Market, By Mode of Operation
        • Manned Armored Vehicles
        • Unmanned Armored Vehicles
      • Asia Pacific Armored Vehicle Market, By Point of Sale
        • OEM
        • Retrofit
      • Asia Pacific Armored Vehicle Market, By System
        • Engines
        • Drive Systems
        • Ballistic Armor
        • Fire Control Systems (FCS)
        • Navigation Systems
      • India
        • India Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • India Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • India Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • India Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • India Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • India Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • China
        • China Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • China Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • China Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • China Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • China Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • China Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • Japan
        • Japan Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • Japan Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • Japan Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • Japan Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • Japan Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • Japan Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • South Korea
        • South Korea Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • South Korea Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • South Korea Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • South Korea Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • South Korea Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • South Korea Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • Australia
        • Australia Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • Australia Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • Australia Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • Australia Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • Australia Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • Australia Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
    • Latin America
      • Latin America Armored Vehicle Market, By Product
        • Combat Vehicles
          • Armored Personnel Carrier (APC)
          • Infantry Fighting Vehicles (IFV)
          • Light Protected Vehicles (LPV)
          • Main Battle Tanks (MBT)
          • Mine-resistant Ambush Protected (MRAP)
          • Tactical Vehicle
          • Others
        • Combat Support Vehicles
          • Armored Supply Trucks
          • Armored Command & Control Vehicles
          • Repair & Recovery Vehicles
          • Unmanned Armored Ground Vehicles
      • Latin America Armored Vehicle Market, By Type
        • Electric Armored Vehicles
        • Conventional Armored Vehicles
      • Latin America Armored Vehicle Market, By Mobility
        • Wheeled
        • Tracked
      • Latin America Armored Vehicle Market, By Mode of Operation
        • Manned Armored Vehicles
        • Unmanned Armored Vehicles
      • Latin America Armored Vehicle Market, By Point of Sale
        • OEM
        • Retrofit
      • Latin America Armored Vehicle Market, By System
        • Engines
        • Drive Systems
        • Ballistic Armor
        • Fire Control Systems (FCS)
        • Navigation Systems
      • Brazil
        • Brazil Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • Brazil Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • Brazil Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • Brazil Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • Brazil Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • Brazil Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • Mexico
        • Mexico Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • Mexico Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • Mexico Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • Mexico Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • Mexico Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • Mexico Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
    • MEA
      • MEA Armored Vehicle Market, By Product
        • Combat Vehicles
          • Armored Personnel Carrier (APC)
          • Infantry Fighting Vehicles (IFV)
          • Light Protected Vehicles (LPV)
          • Main Battle Tanks (MBT)
          • Mine-resistant Ambush Protected (MRAP)
          • Tactical Vehicle
          • Others
        • Combat Support Vehicles
          • Armored Supply Trucks
          • Armored Command & Control Vehicles
          • Repair & Recovery Vehicles
          • Unmanned Armored Ground Vehicles
      • MEA Armored Vehicle Market, By Type
        • Electric Armored Vehicles
        • Conventional Armored Vehicles
      • MEA Armored Vehicle Market, By Mobility
        • Wheeled
        • Tracked
      • MEA Armored Vehicle Market, By Mode of Operation
        • Manned Armored Vehicles
        • Unmanned Armored Vehicles
      • MEA Armored Vehicle Market, By Point of Sale
        • OEM
        • Retrofit
      • MEA Armored Vehicle Market, By System
        • Engines
        • Drive Systems
        • Ballistic Armor
        • Fire Control Systems (FCS)
        • Navigation Systems
      • Kingdom of Saudi Arabia
        • Kingdom of Saudi Arabia Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • Kingdom of Saudi Arabia Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • Kingdom of Saudi Arabia Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • Kingdom of Saudi Arabia Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • Kingdom of Saudi Arabia Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • Kingdom of Saudi Arabia Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • UAE
        • UAE Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • UAE Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • UAE Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • UAE Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • UAE Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • UAE Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems
      • South Africa
        • South Africa Armored Vehicle Market, By Product
          • Combat Vehicles
            • Armored Personnel Carrier (APC)
            • Infantry Fighting Vehicles (IFV)
            • Light Protected Vehicles (LPV)
            • Main Battle Tanks (MBT)
            • Mine-resistant Ambush Protected (MRAP)
            • Tactical Vehicle
            • Others
          • Combat Support Vehicles
            • Armored Supply Trucks
            • Armored Command & Control Vehicles
            • Repair & Recovery Vehicles
            • Unmanned Armored Ground Vehicles
        • South Africa Armored Vehicle Market, By Type
          • Electric Armored Vehicles
          • Conventional Armored Vehicles
        • South Africa Armored Vehicle Market, By Mobility
          • Wheeled
          • Tracked
        • South Africa Armored Vehicle Market, By Mode of Operation
          • Manned Armored Vehicles
          • Unmanned Armored Vehicles
        • South Africa Armored Vehicle Market, By Point of Sale
          • OEM
          • Retrofit
        • South Africa Armored Vehicle Market, By System
          • Engines
          • Drive Systems
          • Ballistic Armor
          • Fire Control Systems (FCS)
          • Navigation Systems

Armored Vehicle Market Dynamics

Drivers: Militarization Of Law Enforcement Agencies

Law enforcement agencies such as the sheriff and police departments are part of government agencies responsible for law enforcement. Increasing the militarization of such law enforcement agencies to respond to growing crimes in various countries is expected to drive the demand for armored defense vehicles over the forecast period. Further, for law enforcement agencies light-armored vehicle is manufactured, which is four-wheeled and specially designed for an urban environment. As per historical data, the light-armored vehicle is utilized by law enforcement agencies mainly for SWAT (special weapons and tactics)-related activities. The armored rescue vehicle helps to decrease the risk to officers when deployed fittingly in situations including active shooters, armed barricaded suspects, officer/citizen down rescues, and major incidents where an act of violence or threat of violence is imminent. The growing civilian IED casualties in Middle Eastern and African countries such as Iraq, Syria, and Somalia have led to an increase in demand for armored defense vehicles in law enforcement agencies such as police forces. IED attacks hinder the social, political, and economic development of countries. This is expected to drive the militarization of law enforcement agencies across the globe, which is expected to subsequently drive the demand for armored defense vehicles over the forecast period.

Restraints: Reduction In National Defense Budgets

Over the past few years, many nations across the globe have been considering reducing their expenses on military systems. With globalization and the increasing interdependence of economies, nations are finding it crucial to build trust and confidence among each other. By reducing military expenditures, countries are trying to promote peace. On the other hand, developing nations often find it difficult to invest aggressively in defense procurements as they need to focus on developing public infrastructure. Given the growing debts and inflation, even the UN is encouraging such nations to curb their military spending. On the other hand, developing nations often find it difficult to invest aggressively in defense procurements as they need to focus on developing public infrastructure. Given the growing debts and inflation, even the UN is encouraging such nations to curb their military spending. If such factors prompt various governments to consider cuts in military spending, the armored vehicle market would have to witness a plummeting demand. Given that governments and defense agencies are major customers of armored vehicles, the business the vendors of armored vehicles would lose in such cases cannot be compensated by any other segments. The significant maintenance and operational costs associated with armored vehicle systems would also serve as another market restraint.

Opportunity: Increased Use Of Unmanned Vehicles

Advances in technology have made it possible for vehicles to track threats efficiently without any human intervention. If the popularity of such unmanned vehicles continues to increase, armored vehicles will soon become obsolete. Manufacturers of these unmanned vehicles have already managed to gain a few government contracts. Unmanned vehicles operate in three segments, namely ground, aerial, and marine, which means the chances of their adoption are very high. The use of unmanned vehicles also offers functional differentiation not provided by conventional armored vehicles. As technology evolves, unmanned vehicles are being deployed in critical situations, such as detecting explosives and various other emergencies. The availability of highly accurate sensors and the enhanced accuracy of global positioning systems (GPS) prompt vehicle manufacturers to adopt the latest systems. Unmanned vehicles have already been used successfully during the conflicts in Iraq and Afghanistan, and these vehicles have managed to prove their ability to capture a significant market share.

What Does This Report Include?

This section will provide insights into the contents included in this armored vehicle market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Armored vehicle market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Armored vehicle market quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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