Armored Vehicles Market-Global Size, Share, Trend Analysis, Opportunity & Forecast Report, 2019-2029, Segmented By Platform (Combat /Combat Support & Unmanned Armored Vehicles); System; Type; Mode of Operation; Mobility; Point of Sale; Region

Description

Global Armored Vehicles Market Size Expanding to Touch USD 30 Billion by 2029.

Global armored vehicles market is flourishing owing to the increased emphasis on protecting soldiers from external and internal threats as well as increasing awareness about commercial security.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global armored vehicles market size at USD 19.4 billion in 2022. During the forecast period between 2023 and 2029, the global armored vehicles market size is projected to grow at a steady CAGR of 6.3% reaching a value of USD 29.75 billion by 2029. Two elements that are expected to propel the rise of the armored vehicle market are the militarization of law enforcement organizations and increased customer demand for bulletproof vehicles. The market expansion is expected to be fueled by the rising emphasis on protecting soldiers from both internal and external threats. The increased awareness of enterprise security is expected to drive the market for people's armored vehicles.

Global Armored Vehicles Market - Overview:

Armored vehicles are defined as military, commercial, and passenger vehicles that have full or partial armor plating added for defense against projectiles like bullets and shell shards. Armored vehicles used by defense forces can either move over continuous tracks or wheels. They are crucial for logistics, frontline combat, and reconnaissance on the contemporary battlefield.

Global Armored Vehicles Market - By Mode of operation:

Global armored vehicles market is split into Manned and Unmanned segments based on the mode of operation. A significant trend that is taking off in the armored vehicle sector is unmanned armored vehicles. Military groups all around the world are experimenting with unmanned armored vehicles as the field of defense uses them to better grasp their potential and how to best integrate them into existing power structures. For instance, the Indian Army expressed interest in SOORAN's first unmanned armored vehicle that could fight on battlefields and operate from a distance in March 2020. SOORAN is an artificial intelligence-powered multi-terrain vehicle that can be operated in three different ways: remotely via teleoperation, remotely via a mobile control station, and autonomously.

Competitive Landscape:

Global armored vehicles market is fiercely competitive. Major competitors in the market include Northrop Grumman Corporation, Lockheed Martin Corporation, Bae Systems, Rheinmetall AG, General Dynamics Corporation, Thales Group, L3harris Technologies, St Engineering, Elbit Systems, Mitsubishi Heavy Industries, Oshkosh Corp., Textron Inc., Hanwha Corporation, Paramount Group, and Nexter Group. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the global armored vehicles market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Armored Vehicles Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Armored Vehicles Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23160

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Armored Vehicles Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Rising demand for armored vehicles to tackle cross-border conflicts
  - 3.2.1.2. Growing incidence of asymmetric warfare around the world
- 3.2.2. Restraints
  - 3.2.2.1. Presence of mechanical and electrical failure in armored vehicles
- 3.2.3. Opportunities
  - 3.2.3.1. Increased adoption of unmanned combat ground vehicles by defense forces
  - 3.2.3.2. Rapid development of modular and scalable armored vehicles
- 3.2.4. Challenges
  - 3.2.4.1. High costs of main battle tanks
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis

4. Global Armored Vehicles Market Overview

4.1. Market Size & Forecast, by Value, 2019-2029
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Platform
  - 4.2.1.1. Combat Vehicles
  - 4.2.1.1.1. Main Battle Tanks (MBTs)
  - 4.2.1.1.2. Infantry Fighting Vehicles (IFVs)
  - 4.2.1.1.3. Armored Personnel Carriers (APCs)
  - 4.2.1.1.4. Armored Amphibious Vehicles (AAVs)
  - 4.2.1.1.5. Others
  - 4.2.1.2. Combat Support Vehicles
  - 4.2.1.2.1. Armored Supply Trucks
  - 4.2.1.2.2. Armored Command & Control Vehicles
  - 4.2.1.2.3. Repair and Recovery of Vehicles
  - 4.2.1.2.4. Bridge-laying Tanks
  - 4.2.1.2.5. Mine Clearance Vehicles
  - 4.2.1.3. Unmanned Armored Vehicles
- 4.2.2. By System
  - 4.2.2.1. Engines
  - 4.2.2.2. Drive Systems
  - 4.2.2.3. Turret Drives
  - 4.2.2.4. Ammunition Handling Systems
  - 4.2.2.5. Fire Control Systems (FCS)
  - 4.2.2.6. Others
- 4.2.3. By Type
  - 4.2.3.1. Electric
  - 4.2.3.2. Conventional
- 4.2.4. Mode of Operation
  - 4.2.4.1. Manned
  - 4.2.4.2. Unmanned
- 4.2.5. Mobility
  - 4.2.5.1. Wheeled
  - 4.2.5.2. Tracked
- 4.2.6. Point of Sale
  - 4.2.6.1. OEM
  - 4.2.6.2. Retrofit
- 4.2.7. By Region
  - 4.2.7.1. North America
  - 4.2.7.2. Europe
  - 4.2.7.3. Asia Pacific (APAC)
  - 4.2.7.4. Latin America (LATAM)
  - 4.2.7.5. Middle East and Africa (MEA)

5. North America Armored Vehicles Market

5.1.1. Market Size & Forecast, by Value, 2019-2029
5.1.2. By Value (USD Billion)

5.2. Market Share & Forecast
- 5.2.1. By Platform
- 5.2.2. By System
- 5.2.3. By Type
- 5.2.4. By Mobility
- 5.2.5. By Mode of Operation
- 5.2.6. By Point of Sale
- 5.2.7. By Country
  - 5.2.7.1. US
  - 5.2.7.1.1. By Platform
  - 5.2.7.1.2. By System
  - 5.2.7.1.3. By Type
  - 5.2.7.1.4. By Mobility
  - 5.2.7.1.5. By Mode of Operation
  - 5.2.7.1.6. By Point of Sale
  - 5.2.7.2. Canada
  - 5.2.7.2.1. By Platform
  - 5.2.7.2.2. By System
  - 5.2.7.2.3. By Type
  - 5.2.7.2.4. By Mobility
  - 5.2.7.2.5. By Mode of Operation
  - 5.2.7.2.6. By Point of Sale

6. Europe Armored Vehicles Market

6.1. Market Size & Forecast, by Value, 2019-2029
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Platform
- 6.2.2. By System
- 6.2.3. By Type
- 6.2.4. By Mobility
- 6.2.5. By Mode of Operation
- 6.2.6. By Point of Sale
- 6.2.7. By Country
  - 6.2.7.1. Germany
  - 6.2.7.1.1. By Platform
  - 6.2.7.1.2. By System
  - 6.2.7.1.3. By Type
  - 6.2.7.1.4. By Mobility
  - 6.2.7.1.5. By Mode of Operation
  - 6.2.7.1.6. By Point of Sale
  - 6.2.7.2. UK
  - 6.2.7.2.1. By Platform
  - 6.2.7.2.2. By System
  - 6.2.7.2.3. By Type
  - 6.2.7.2.4. By Mobility
  - 6.2.7.2.5. By Mode of Operation
  - 6.2.7.2.6. By Point of Sale
  - 6.2.7.3. Italy
  - 6.2.7.3.1. By Platform
  - 6.2.7.3.2. By System
  - 6.2.7.3.3. By Type
  - 6.2.7.3.4. By Mobility
  - 6.2.7.3.5. By Mode of Operation
  - 6.2.7.3.6. By Point of Sale
  - 6.2.7.4. France
  - 6.2.7.4.1. By Platform
  - 6.2.7.4.2. By System
  - 6.2.7.4.3. By Type
  - 6.2.7.4.4. By Mobility
  - 6.2.7.4.5. By Mode of Operation
  - 6.2.7.4.6. By Point of Sale
  - 6.2.7.4.7.
  - 6.2.7.5. Spain
  - 6.2.7.5.1. By Platform
  - 6.2.7.5.2. By System
  - 6.2.7.5.3. By Type
  - 6.2.7.5.4. By Mobility
  - 6.2.7.5.5. By Mode of Operation
  - 6.2.7.5.6. By Point of Sale
  - 6.2.7.6. Netherlands
  - 6.2.7.6.1. By Platform
  - 6.2.7.6.2. By System
  - 6.2.7.6.3. By Type
  - 6.2.7.6.4. By Mobility
  - 6.2.7.6.5. By Mode of Operation
  - 6.2.7.6.6. By Point of Sale
  - 6.2.7.7. Rest of Europe
  - 6.2.7.7.1. By Platform
  - 6.2.7.7.2. By System
  - 6.2.7.7.3. By Type
  - 6.2.7.7.4. By Mobility
  - 6.2.7.7.5. By Mode of Operation
  - 6.2.7.7.6. By Point of Sale

7. Asia-Pacific Armored Vehicles Market

7.1. Market Size & Forecast, by Value, 2019-2029
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Platform
- 7.2.2. By System
- 7.2.3. By Type
- 7.2.4. By Mobility
- 7.2.5. By Mode of Operation
- 7.2.6. By Point of Sale
- 7.2.7. By Country
  - 7.2.7.1. China
  - 7.2.7.1.1. By Platform
  - 7.2.7.1.2. By System
  - 7.2.7.1.3. By Type
  - 7.2.7.1.4. By Mobility
  - 7.2.7.1.5. By Mode of Operation
  - 7.2.7.1.6. By Point of Sale
  - 7.2.7.2. India
  - 7.2.7.2.1. By Platform
  - 7.2.7.2.2. By System
  - 7.2.7.2.3. By Type
  - 7.2.7.2.4. By Mobility
  - 7.2.7.2.5. By Mode of Operation
  - 7.2.7.2.6. By Point of Sale
  - 7.2.7.3. Japan
  - 7.2.7.3.1. By Platform
  - 7.2.7.3.2. By System
  - 7.2.7.3.3. By Type
  - 7.2.7.3.4. By Mobility
  - 7.2.7.3.5. By Mode of Operation
  - 7.2.7.3.6. By Point of Sale
  - 7.2.7.4. South Korea
  - 7.2.7.4.1. By Platform
  - 7.2.7.4.2. By System
  - 7.2.7.4.3. By Type
  - 7.2.7.4.4. By Mobility
  - 7.2.7.4.5. By Mode of Operation
  - 7.2.7.4.6. By Point of Sale
  - 7.2.7.5. Australia & New Zealand
  - 7.2.7.5.1. By Platform
  - 7.2.7.5.2. By System
  - 7.2.7.5.3. By Type
  - 7.2.7.5.4. By Mobility
  - 7.2.7.5.5. By Mode of Operation
  - 7.2.7.5.6. By Point of Sale
  - 7.2.7.6. Indonesia
  - 7.2.7.6.1. By Platform
  - 7.2.7.6.2. By System
  - 7.2.7.6.3. By Type
  - 7.2.7.6.4. By Mobility
  - 7.2.7.6.5. By Mode of Operation
  - 7.2.7.6.6. By Point of Sale
  - 7.2.7.7. Malaysia
  - 7.2.7.7.1. By Platform
  - 7.2.7.7.2. By System
  - 7.2.7.7.3. By Type
  - 7.2.7.7.4. By Mobility
  - 7.2.7.7.5. By Mode of Operation
  - 7.2.7.7.6. By Point of Sale
  - 7.2.7.8. Singapore
  - 7.2.7.8.1. By Platform
  - 7.2.7.8.2. By System
  - 7.2.7.8.3. By Type
  - 7.2.7.8.4. By Mobility
  - 7.2.7.8.5. By Mode of Operation
  - 7.2.7.8.6. By Point of Sale
  - 7.2.7.9. Philippines
  - 7.2.7.9.1. By Platform
  - 7.2.7.9.2. By System
  - 7.2.7.9.3. By Type
  - 7.2.7.9.4. By Mobility
  - 7.2.7.9.5. By Mode of Operation
  - 7.2.7.9.6. By Point of Sale
  - 7.2.7.10. Vietnam
  - 7.2.7.10.1. By Platform
  - 7.2.7.10.2. By System
  - 7.2.7.10.3. By Type
  - 7.2.7.10.4. By Mobility
  - 7.2.7.10.5. By Mode of Operation
  - 7.2.7.10.6. By Point of Sale
  - 7.2.7.11. Rest of APAC
  - 7.2.7.11.1. By Platform
  - 7.2.7.11.2. By System
  - 7.2.7.11.3. By Type
  - 7.2.7.11.4. By Mobility
  - 7.2.7.11.5. By Mode of Operation
  - 7.2.7.11.6. By Point of Sale

8. Latin America Armored Vehicles Market

8.1. Market Size & Forecast, by Value, 2019-2029
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Platform
- 8.2.2. By System
- 8.2.3. By Type
- 8.2.4. By Mobility
- 8.2.5. By Mode of Operation
- 8.2.6. By Point of Sale
- 8.2.7. By Country
  - 8.2.7.1. Brazil
  - 8.2.7.1.1. By Platform
  - 8.2.7.1.2. By System
  - 8.2.7.1.3. By Type
  - 8.2.7.1.4. By Mobility
  - 8.2.7.1.5. By Mode of Operation
  - 8.2.7.1.6. By Point of Sale
  - 8.2.7.2. Mexico
  - 8.2.7.2.1. By Platform
  - 8.2.7.2.2. By System
  - 8.2.7.2.3. By Type
  - 8.2.7.2.4. By Mobility
  - 8.2.7.2.5. By Mode of Operation
  - 8.2.7.2.6. By Point of Sale
  - 8.2.7.3. Argentina
  - 8.2.7.3.1. By Platform
  - 8.2.7.3.2. By System
  - 8.2.7.3.3. By Type
  - 8.2.7.3.4. By Mobility
  - 8.2.7.3.5. By Mode of Operation
  - 8.2.7.3.6. By Point of Sale
  - 8.2.7.4. Peru
  - 8.2.7.4.1. By Platform
  - 8.2.7.4.2. By System
  - 8.2.7.4.3. By Type
  - 8.2.7.4.4. By Mobility
  - 8.2.7.4.5. By Mode of Operation
  - 8.2.7.4.6. By Point of Sale
  - 8.2.7.5. Rest of LATAM
  - 8.2.7.5.1. By Platform
  - 8.2.7.5.2. By System
  - 8.2.7.5.3. By Type
  - 8.2.7.5.4. By Mobility
  - 8.2.7.5.5. By Mode of Operation
  - 8.2.7.5.6. By Point of Sale

9. Middle East & Africa Armored Vehicles Market

9.1. Market Size & Forecast, by Value, 2019-2029
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Platform
- 9.2.2. By System
- 9.2.3. By Type
- 9.2.4. By Mobility
- 9.2.5. By Mode of Operation
- 9.2.6. By Point of Sale
- 9.2.7. By Country
  - 9.2.7.1. Saudi Arabia
  - 9.2.7.1.1. By Platform
  - 9.2.7.1.2. By System
  - 9.2.7.1.3. By Type
  - 9.2.7.1.4. By Mobility
  - 9.2.7.1.5. By Mode of Operation
  - 9.2.7.1.6. By Point of Sale
  - 9.2.7.2. UAE
  - 9.2.7.2.1. By Platform
  - 9.2.7.2.2. By System
  - 9.2.7.2.3. By Type
  - 9.2.7.2.4. By Mobility
  - 9.2.7.2.5. By Mode of Operation
  - 9.2.7.2.6. By Point of Sale
  - 9.2.7.3. Qatar
  - 9.2.7.3.1. By Platform
  - 9.2.7.3.2. By System
  - 9.2.7.3.3. By Type
  - 9.2.7.3.4. By Mobility
  - 9.2.7.3.5. By Mode of Operation
  - 9.2.7.3.6. By Point of Sale
  - 9.2.7.4. Kuwait
  - 9.2.7.4.1. By Platform
  - 9.2.7.4.2. By System
  - 9.2.7.4.3. By Type
  - 9.2.7.4.4. By Mobility
  - 9.2.7.4.5. By Mode of Operation
  - 9.2.7.4.6. By Point of Sale
  - 9.2.7.5. South Africa
  - 9.2.7.5.1. By Platform
  - 9.2.7.5.2. By System
  - 9.2.7.5.3. By Type
  - 9.2.7.5.4. By Mobility
  - 9.2.7.5.5. By Mode of Operation
  - 9.2.7.5.6. By Point of Sale
  - 9.2.7.6. Nigeria
  - 9.2.7.6.1. By Platform
  - 9.2.7.6.2. By System
  - 9.2.7.6.3. By Type
  - 9.2.7.6.4. By Mobility
  - 9.2.7.6.5. By Mode of Operation
  - 9.2.7.6.6. By Point of Sale
  - 9.2.7.7. Algeria
  - 9.2.7.7.1. By Platform
  - 9.2.7.7.2. By System
  - 9.2.7.7.3. By Type
  - 9.2.7.7.4. By Mobility
  - 9.2.7.7.5. By Mode of Operation
  - 9.2.7.7.6. By Point of Sale
  - 9.2.7.8. Rest of MEA
  - 9.2.7.8.1. By Platform
  - 9.2.7.8.2. By System
  - 9.2.7.8.3. By Type
  - 9.2.7.8.4. By Mobility
  - 9.2.7.8.5. By Mode of Operation
  - 9.2.7.8.6. By Point of Sale

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Armored Vehicles Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

11. Impact of Covid-19 on Global Armored Vehicles Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Northrop Grumman Corporation
12.2. Lockheed Martin Corporation
12.3. Bae Systems
12.4. Rheinmetall AG
12.5. General Dynamics Corporation
12.6. Thales Group
12.7. L3harris Technologies
12.8. St Engineering
12.9. Elbit Systems
12.10. Mitsubishi Heavy Industries
12.11. Oshkosh Corp.
12.12. Textron Inc.
12.13. Hanwha Corporation
12.14. Paramount Group
12.15. Nexter Group
12.16. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations