PUBLISHER: Aviation & Defense Market Reports (A&D) | PRODUCT CODE: 1296981
PUBLISHER: Aviation & Defense Market Reports (A&D) | PRODUCT CODE: 1296981
Global Armored Vehicle Market
An armored VIP car is a popular term used to describe a civilian military vehicle. Its design maximizes the occupants' ballistic protection from potential threats. Bulletproof glass and armor plates are two essential materials utilized in the construction of civilian armored vehicles.
A civilian armored car is built on the frame of a commercial vehicle. They are produced by adding a ballistic protective layer to an existing model of an armored civilian vehicle. Several commercial OEMs create armored car variants as part of their standard product line. Commercially available armored vehicles include the Audi Security Vehicles (models A6 and A8), BMW Security Series (3 Series, 5 Series, 7 Series, and X5 models), and Mercedes-Benz Guard Vehicles (E, ML, GL, G, and S Class).
Major factors driving Armored Vehicle Market Growth:
The demand for armored cars has increased as a result of the increase in extremist threats and insurgencies among civilians. Upper-middle-class people form a key clientele for the overall addressable market for military armored vehicles due to the altered market landscape. The market for armored automobiles has grown due to the increasing demand for security solutions across transportation platforms according to armored vehicles market analysis and armored vehicles market reports.
As per armored vehicles market trends, it is noted that one key factor which is known to affect the market growth for this sector is the rising propensity of crime. When the said armored cars come into the possession of adversaries they can cause massive destruction. For instance, as of 2022, it was noted that the Haitian police lost control of their armored car briefly. The armed vehicle was sent to control gangs.
Trends influencing the Armored Vehicles Market Size:
APAC is one of the major market niches in the global market for civil armored vehicles when examining the regional competitive landscape. One of the main drivers for this industry is expected to be the rising need for civilian safety, which will also be fueled by the region's extraordinarily high crime rate. Additionally, the emergence of urban combat has expanded the market for armored vehicles to include military personnel.
Armored Vehicles Market Forecast & Dynamics:
Another important market for military armored vehicles is North America. Sub-regions with higher crime rates than the rest of the area include Baltimore, Detroit, Memphis, and Saint Louis.
It should be mentioned that between FY 2020 and FY 2021, sales of the 5 Series and 7 Series increased by a respective amount of 32.6% and 37.5%, according to BMW sales in North America. In 2021, BMW sold 7,706 7-Series cars. BMW sold 6,443 7-Series vehicles in 2020. They sold 1,263 more units in 2021 than they did in 2020, for a 19.6% YoY increase.
Another armored vehicle that has been popular in the North American market is the X5. In 2021, BMW sold 60,725 X5s. BMW sold 50,642 X5s in 2020. They sold 10,083 more items in 2021 than in 2020, for a 19.91% YoY increase in sales. BMW sold 21,078 X5s in Q3 2022 and around 56,604 X5s throughout 2022.
Armored Vehicle Market Analysis for Recent Developments:
Audi announced plans to increase production in India as of 2021. This strategic decision was taken to lower the high import duties imposed on civilian-military vehicles. Popular models for Audi that have been in production within India since this strategic decision include Audi A4 Sedan, Audi A6 Sedan, Audi Q5, and Audi Q7. The Audi Q5 is produced in Aurangabad, India since October 2021. The company plans on developing a strong footprint for armored cars within the Indian market owing to the economic stance of this nation. The carmaker plans on expanding its product line up during the coming decade, thus increasing competitiveness within the Civilian Armored Vehicles Market. The company also initiated the production of Q5 SUVs in the year 2022. Along with the Q5, A4, and A6, the Q7 will be Audi's fourth made-in-India vehicle and makeup roughly 80% of its sales in India. This decision was also anticipated to increase electric car production within India.
Table of Contents
Armored Vehicle Market Report Definition
Armored Vehicle Market Segmentation
- By Region
- By Type
- By Mobility
- By Components
Armored Vehicle Market Analysis for next 10 Years
- The 10-year armored vehicle market analysis would give a detailed overview of armored vehicle market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.
Market Technologies of Armored Vehicle Market
- This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.
Global Armored Vehicle Market Forecast
- The 10-year armored vehicle market forecast of this market is covered in detailed across the segments which are mentioned above.
Regional Armored Vehicle Market Trends & Forecast
- The regional armored vehicle market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking. The current market size is estimated based on the normal scenario.
- North America
- Drivers, Restraints and Challenges
- PEST
- Market Forecast & Scenario Analysis
- Key Companies
- Supplier Tier Landscape
- Company Benchmarking
- Europe
- Middle East
- APAC
- South America
Country Analysis of Armored Vehicle Market
- This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.
- US
- Defense Programs
- Latest News
- Patents
- Current levels of technology maturation in this market
- Market Forecast & Scenario Analysis
- Canada
- Italy
- France
- Germany
- Netherlands
- Belgium
- Spain
- Sweden
- Greece
- Australia
- South Africa
- India
- China
- Russia
- South Korea
- Japan
- Malaysia
- Singapore
- Brazil
Opportunity Matrix for Armored Vehicle Market
The opportunity matrix helps the readers understand the high opportunity segments in this market.
Expert Opinions on Armored Vehicle Market Report
Hear from our experts their opinion of the possible analysis for this market.
Conclusions
About Aviation and Defense Market Reports
List of Tables
- Table 1: 10 Year Market Outlook, 2023-2033
- Table 2: Drivers, Impact Analysis, North America
- Table 3: Restraints, Impact Analysis, North America
- Table 4: Challenges, Impact Analysis, North America
- Table 5: Drivers, Impact Analysis, Europe
- Table 6: Restraints, Impact Analysis, Europe
- Table 7: Challenges, Impact Analysis, Europe
- Table 8: Drivers, Impact Analysis, Middle East
- Table 9: Restraints, Impact Analysis, Middle East
- Table 10: Challenges, Impact Analysis, Middle East
- Table 11: Drivers, Impact Analysis, APAC
- Table 12: Restraints, Impact Analysis, APAC
- Table 13: Challenges, Impact Analysis, APAC
- Table 14: Drivers, Impact Analysis, South America
- Table 15: Restraints, Impact Analysis, South America
- Table 16: Challenges, Impact Analysis, South America
- Table 17: Scenario Analysis, Scenario 1, By Region, 2023-2033
- Table 18: Scenario Analysis, Scenario 1, By Type, 2023-2033
- Table 19: Scenario Analysis, Scenario 1, By Mobility, 2023-2033
- Table 20: Scenario Analysis, Scenario 1, By Components, 2023-2033
- Table 21: Scenario Analysis, Scenario 2, By Region, 2023-2033
- Table 22: Scenario Analysis, Scenario 2, By Type, 2023-2033
- Table 23: Scenario Analysis, Scenario 2, By Mobility, 2023-2033
- Table 24: Scenario Analysis, Scenario 2, By Components, 2023-2033
List of Figures
- Figure 1: Global Armored Vehicle Market Forecast, 2023-2033
- Figure 2: Global Armored Vehicle Market Forecast, By Region, 2023-2033
- Figure 3: Global Armored Vehicle Market Forecast, By Type, 2023-2033
- Figure 4: Global Armored Vehicle Market Forecast, By Mobility, 2023-2033
- Figure 5: Global Armored Vehicle Market Forecast, By Components, 2023-2033
- Figure 6: North America, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 7: Europe, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 8: Middle East, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 9: APAC, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 10: South America, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 11: United States, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 12: United States, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 13: Canada, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 14: Canada, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 15: Italy, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 16: Italy, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 17: France, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 18: France, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 19: Germany, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 20: Germany, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 21: Netherlands, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 22: Netherlands, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 23: Belgium, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 24: Belgium, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 25: Spain, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 26: Spain, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 27: Sweden, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 28: Sweden, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 29: Brazil, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 30: Brazil, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 31: Australia, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 32: Australia, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 33: India, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 34: India, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 35: China, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 36: China, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 37: Saudi Arabia, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 38: Saudi Arabia, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 39: South Korea, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 40: South Korea, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 41: Japan, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 42: Japan, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 43: Malaysia, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 44: Malaysia, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 45: Singapore, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 46: Singapore, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 47: United Kingdom, Armored Vehicle Market, Technology Maturation, 2023-2033
- Figure 48: United Kingdom, Armored Vehicle Market, Market Forecast, 2023-2033
- Figure 49: Opportunity Analysis, Armored Vehicle Market, By Region (Cumulative Market), 2023-2033
- Figure 50: Opportunity Analysis, Armored Vehicle Market, By Region (CAGR), 2023-2033
- Figure 51: Opportunity Analysis, Armored Vehicle Market, By Type (Cumulative Market), 2023-2033
- Figure 52: Opportunity Analysis, Armored Vehicle Market, By Type (CAGR), 2023-2033
- Figure 53: Opportunity Analysis, Armored Vehicle Market, By Mobility (Cumulative Market), 2023-2033
- Figure 54: Opportunity Analysis, Armored Vehicle Market, By Mobility (CAGR), 2023-2033
- Figure 55: Opportunity Analysis, Armored Vehicle Market, By Components (Cumulative Market), 2023-2033
- Figure 56: Opportunity Analysis, Armored Vehicle Market, By Components (CAGR), 2023-2033
- Figure 57: Scenario Analysis, Armored Vehicle Market, Cumulative Market, 2023-2033
- Figure 58: Scenario Analysis, Armored Vehicle Market, Global Market, 2023-2033
- Figure 59: Scenario 1, Armored Vehicle Market, Total Market, 2023-2033
- Figure 60: Scenario 1, Armored Vehicle Market, By Region, 2023-2033
- Figure 61: Scenario 1, Armored Vehicle Market, By Type, 2023-2033
- Figure 62: Scenario 1, Armored Vehicle Market, By Mobility, 2023-2033
- Figure 63: Scenario 1, Armored Vehicle Market, By Components, 2023-2033
- Figure 64: Scenario 2, Armored Vehicle Market, Total Market, 2023-2033
- Figure 65: Scenario 2, Armored Vehicle Market, By Region, 2023-2033
- Figure 66: Scenario 2, Armored Vehicle Market, By Type, 2023-2033
- Figure 67: Scenario 2, Armored Vehicle Market, By Mobility, 2023-2033
- Figure 68: Scenario 2, Armored Vehicle Market, By Components, 2023-2033
- Figure 69: Company Benchmark, Armored Vehicle Market, 2023-2033
