The Armored Vehicle Market is expected to be around US$ 31.2 Billion by 2027 at a CAGR of 6% in the given forecast period.

The global Armored Vehicle market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Armored Vehicle market shar


Sai K

5 months ago | 2 min read

The demand within the global market for armored vehicle has been surging due to the advancements in the defense sector of various regions. The presence of number major entities within a country’s defense sector requires the presence of enhanced weaponry and equipment. Various new and improved armored vehicles have been developed across key defense bases across the globe. Armored vehicles play a vital role in reinforcing the integrity of the military industries. As, it is safe to state that armored vehicles are an important part of national defense industries. National expansion and development of a region is incorporated in the betterment of its defense sector. Henceforth, the governments have highly invested in developing defense technologies across their territories. There is huge demand for armored vehicles across number regions, and this factor has in turn favored the growth of the global market.

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The global Armored Vehicle market is segregated on the basis of Application as Defense and Commercial. Based on Drive Type the global Armored Vehicle market is segmented in Wheel and Track. Based on Vehicle Type the global Armored Vehicle market is segmented in Armored Personnel Carrier, Infantry Fighting Vehicle, Main Battle Tanks, Tactical Truck, Bus, Limousine, Sedan and Other.

The global Armored Vehicle market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Armored Vehicle market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Allison, AM General LLC, Aselsan, BAE Systems, Denel SOC Ltd, Elbit, General Dynamics Corp., Hyundai Rotem, Lockheed Martin Corp., Navistar International Corporation, and others are among the major players in the global Armored Vehicle market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

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The Armored Vehicle Market has been segmented as below:

Armored Vehicle Market, By Application

  • Defense
  • Commercial

Armored Vehicle Market, By Drive Type

  • Wheel
  • Track

Armored Vehicle Market, By Vehicle Type

  • Armored Personnel Carrier
  • Infantry Fighting Vehicle
  • Main Battle Tanks
  • Tactical Truck
  • Bus
  • Limousine
  • Sedan
  • Other

Armored Vehicle Market, By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Armored Vehicle Market, By Company

  • Allison
  • AM General LLC
  • Aselsan
  • BAE Systems
  • Denel SOC Ltd
  • Elbit
  • General Dynamics Corp.
  • Hyundai Rotem
  • Lockheed Martin Corp.
  • Navistar International Corporation
  • Norinco (China North Industries Group Corporation Limited)
  • Northrop Grumman Corp.
  • Oshkosh Corporation
  • Raytheon Co.
  • Rheinmetall Group

The report covers:

  • Global Armored Vehicle market sizes from 2021 to 2027, along with CAGR for 2022-2027
  • Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2022 to 2027
  • Global Armored Vehicle market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Armored Vehicle market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

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Created by

Sai K







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