AUTOMOTIVE & TRANSPORTATION
Global Armored Vehicle Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Armored Vehicle Market, By Platform (Combat Vehicles, Combat Support Vehicles, and Unmanned Armored Vehicles), Mobility (Wheeled and Tracked), Type (Electric and Conventional), Systems (Engines, Drive Systems, Ballistic Armor, Turrect Drives, Fire Control Systems, Armaments, Ammunition Handling Systems, Countermeasure Systems, Command and Control Systems, Power Systems, Navigation Systems, Observation and Display Systems, and Hulls/Frames), Mode of Operation (Manned and Unmanned), AUV-Propulsion (Non-Electric and Electric), Point of Sale (OEM and Retrofit), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Armored Vehicle market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
The global Armored Vehicle market involves the design, production, and deployment of vehicles equipped with protective armor to enhance their survivability and functionality in hostile environments. These vehicles are used by military, law enforcement, and security forces to provide protection against various threats, including small arms fire, explosives, and improvised explosive devices (IEDs). Armored vehicles play a crucial role in modern military and security operations by providing protection and enhancing operational capabilities. Their design and features are tailored to meet specific threats and operational needs, ranging from troop transport to direct combat and high-risk security missions.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Increasing geopolitical tensions and regional conflicts
- Increasing defense budgets
RESTRAINTS
- High costs
- Technological complexity
OPPORTUNITIES
- Growth in civilian and non-military applications
- Advanced weapon systems integration
CHALLENGES
- Evolving threats and security challenges
- Innovation pressure
SEGMENTATION
- Platform
- Combat Vehicles
- Main Battle Tank
- Infantry Fighting Vehicle
- Armored Personal Carriers
- Armored Amphibious Vehicles
- Mine-Resistant Ambush Protected Vehicles
- Light Armored Vehicles
- Self-Propelled Howitzers
- Air Defense Vehicles
- Armored Morter Carriers
- Combat Support Vehicles
- Armored Supply Trucks
- Armored Command and Control Vehicles
- Repair and Recovery Vehicles
- Armored Engineering Vehicles
- Armored Ambulance Vehicles
- Armored Ammunition Carrier Vehicles
- Unmanned Armored Vehicles
- Combat UAGV
- Combat Support UAGV
- Reconnaissance UAGV
- ISR UAGV
- Explosive Ordnance Disposal UAGV
- Mobility
- Wheeled
- Tracked
- Type
- Electric
- Conventional
- Systems
- Engines
- Drive Systems
- Ballistic Armor
- Turrect Drives
- Fire Control Systems
- Armaments
- Ammunition Handling Systems
- Countermeasure Systems
- Command and Control Systems
- Power Systems
- Navigation Systems
- Observation and Display Systems
- Hulls/Frames
- Mode of Operation
- Manned
- Unmanned
- AUV-Propulsion
- Non-Electric
- Electric
- Point of Sale
- OEM
- Retrofit
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- BAE Systems
- General Dynamics Corporation
- Rheinmetall AG
- Krauss-Maffei Wegmann GmbH
- Denel SOC ltd
- IVECO DEFENCE VEHICLES
- NORINCOGROUP.com Inc.
- Oshkosh Defense, LLC
- Otokar, a KOC Group Company
- Textron Systems
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Armored Vehicle Market, by Platform
- 3.2 Global Armored Vehicle Market, by Mobility
- 3.3 Global Armored Vehicle Market, by Type
- 3.4 Global Armored Vehicle Market, by Systems
- 3.5 Global Armored Vehicle Market, by Mode of Operation
- 3.6 Global Armored Vehicle Market, by AUV-Propulsion
- 3.7 Global Armored Vehicle Market, by Point of Sale
- 3.8 Global Armored Vehicle Market, by Geography
- 3.9 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Autonomous and semi-autonomous vehicles
- 5.1.2 Fleet modernization
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Increasing geopolitical tensions and regional conflicts
- 5.2.2 Increasing defense budgets
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High costs
- 5.3.2 Technological complexity
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growth in civilian and non-military applications
- 5.4.2 Advanced weapon systems integration
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Evolving threats and security challenges
- 5.5.2 Innovation pressure
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL ARMORED VEHICLE MARKET, BY PLATFORM
- 6.1 Platform Summary
- 6.2 Market Attractive Index
- 6.3 Global Armored Vehicle Market, by Platform (2019-2032)
- SECTION 7 - GLOBAL ARMORED VEHICLE MARKET, BY MOBILITY
- 7.1 Mobility Summary
- 7.2 Market Attractive Index
- 7.3 Global Armored Vehicle Market, by Mobility (2019-2032)
- SECTION 8 - GLOBAL ARMORED VEHICLE MARKET, BY TYPE
- 8.1 Type Summary
- 8.2 Market Attractive Index
- 8.3 Global Armored Vehicle Market, by Type (2019-2032)
- SECTION 9 - GLOBAL ARMORED VEHICLE MARKET, BY SYSTEMS
- 9.1 Systems Summary
- 9.2 Market Attractive Index
- 9.3 Global Armored Vehicle Market, by Systems (2019-2032)
- SECTION 10 - GLOBAL ARMORED VEHICLE MARKET, BY MODE OF OPERATION
- 10.1 Mode of Operation Summary
- 10.2 Market Attractive Index
- 10.3 Global Armored Vehicle Market, by Mode of Operation (2019-2032)
- SECTION 11 - GLOBAL ARMORED VEHICLE MARKET, BY AUV-PROPULSION
- 11.1 AUV-Propulsion Summary
- 11.2 Market Attractive Index
- 11.3 Global Armored Vehicle Market, by AUV-Propulsion (2019-2032)
- SECTION 12 - GLOBAL ARMORED VEHICLE MARKET, BY POINT OF SALE
- 12.1 Point of Sale Summary
- 12.2 Market Attractive Index
- 12.3 Global Armored Vehicle Market, by Point of Sale (2019-2032)
- SECTION 13 - GLOBAL ARMORED VEHICLE MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global Armored Vehicle Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA ARMORED VEHICLE MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America Armored Vehicle Market, by Platform (2019-2032)
- 14.4 North America Armored Vehicle Market, by Mobility (2019-2032)
- 14.5 North America Armored Vehicle Market, by Type (2019-2032)
- 14.6 North America Armored Vehicle Market, by Systems (2019-2032)
- 14.7 North America Armored Vehicle Market, by Mode of Operation (2019-2032)
- 14.8 North America Armored Vehicle Market, by AUV-Propulsion (2019-2032)
- 14.9 North America Armored Vehicle Market, by Point of Sale (2019-2032)
- 14.10 North America Armored Vehicle Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE ARMORED VEHICLE MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe Armored Vehicle Market, by Platform (2019-2032)
- 15.4 Europe Armored Vehicle Market, by Mobility (2019-2032)
- 15.5 Europe Armored Vehicle Market, by Type (2019-2032)
- 15.6 Europe Armored Vehicle Market, by Systems (2019-2032)
- 15.7 Europe Armored Vehicle Market, by Mode of Operation (2019-2032)
- 15.8 Europe Armored Vehicle Market, by AUV-Propulsion (2019-2032)
- 15.9 Europe Armored Vehicle Market, by Point of Sale (2019-2032)
- 15.10 Europe Armored Vehicle Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC ARMORED VEHICLE MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Armored Vehicle Market, by Platform (2019-2032)
- 16.4 Asia-Pacific Armored Vehicle Market, by Mobility (2019-2032)
- 16.5 Asia-Pacific Armored Vehicle Market, by Type (2019-2032)
- 16.6 Asia-Pacific Armored Vehicle Market, by Systems (2019-2032)
- 16.7 Asia-Pacific Armored Vehicle Market, by Mode of Operation (2019-2032)
- 16.8 Asia-Pacific Armored Vehicle Market, by AUV-Propulsion (2019-2032)
- 16.9 Asia-Pacific Armored Vehicle Market, by Point of Sale (2019-2032)
- 16.10 Asia-Pacific Armored Vehicle Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA ARMORED VEHICLE MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America Armored Vehicle Market, by Platform (2019-2032)
- 17.4 South America Armored Vehicle Market, by Mobility (2019-2032)
- 17.5 South America Armored Vehicle Market, by Type (2019-2032)
- 17.6 South America Armored Vehicle Market, by Systems (2019-2032)
- 17.7 South America Armored Vehicle Market, by Mode of Operation (2019-2032)
- 17.8 South America Armored Vehicle Market, by AUV-Propulsion (2019-2032)
- 17.9 South America Armored Vehicle Market, by Point of Sale (2019-2032)
- 17.10 South America Armored Vehicle Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA ARMORED VEHICLE MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa Armored Vehicle Market, by Platform (2019-2032)
- 18.4 Middle East and Africa Armored Vehicle Market, by Mobility (2019-2032)
- 18.5 Middle East and Africa Armored Vehicle Market, by Type (2019-2032)
- 18.6 Middle East and Africa Armored Vehicle Market, by Systems (2019-2032)
- 18.7 Middle East and Africa Armored Vehicle Market, by Mode of Operation (2019-2032)
- 18.8 Middle East and Africa Armored Vehicle Market, by AUV-Propulsion (2019-2032)
- 18.9 Middle East and Africa Armored Vehicle Market, by Point of Sale (2019-2032)
- 18.10 Middle East and Africa Armored Vehicle Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global Armored Vehicle Market, Company Share Analysis
- 19.2 North America Armored Vehicle Market, Company Share Analysis
- 19.3 Europe Armored Vehicle Market, Company Share Analysis
- 19.4 Asia-Pacific Armored Vehicle Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 BAE Systems
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 General Dynamics Corporation
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 Rheinmetall AG
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Krauss-Maffei Wegmann GmbH
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 Denel SOC ltd
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 IVECO DEFENCE VEHICLES
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 NORINCOGROUP.com Inc.
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 Oshkosh Defense, LLC
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 Otokar, a KOC Group Company
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 Textron Systems
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.