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The global armoured vehicle market stood at a value of nearly USD 28.6 billion in 2020. The industry is further projected to grow at a CAGR of 5.8% during the forecast period of 2021-2026.
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Due to the growing focus on protecting troops from external and internal threats, the industry has seen a significant development. It is also anticipated that the increasing awareness regarding commercial security will drive the industry growth over the forecast period for armoured vehicles.
Armoured vehicle is a fighting vehicle, generally used as a military combat vehicle, which is protected by armour. The global armoured vehicle industry can be segmented into types, technology-used, mobility, systems, and applications.
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Based on type, the industry is divided into main battle tanks (MBT), mine-resistant ambush -protected (MRAP), light protected vehicles (LPV), armoured personnel carriers (APC), amphibious armoured vehicles, and unmanned ground vehicles (UGV), among others.
Based on technology used, the industry is categorised into active protection system, interoperable communication systems, modular ballistic armour system, electric armour, situational awareness, active mine protection system, and vehicle information integration.
Based on its mobility, the industry is segmented into wheeled and tracked.
Based on the systems, the industry is segmented into:
Based on applications, the industry is segmented into commercial organisation, government organisation, military, and others.
The EMR report looks into the regional armoured vehicle markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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The global armoured vehicle market is being driven by the growing need to counter rising criminal activities and cross-border terrorism by countries’ military and security departments. The militarisation of law enforcement organisations, technological advancements in armoured cars, increase in insurgencies, and the commercial use of armoured vehicles are the primary factors driving the industry growth. The reduction in domestic defence budgets, and the increased use of un-crewed cars are the limitations for armoured vehicle market, which may hamper its growth over the forecast period.
The report presents a detailed analysis of the following key players in the global armoured vehicle market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.2 Key findings of the Study
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Inference Data
3 Executive Summary
3.1 Market Overview
3.2 Market Analysis
4 Global Armoured Vehicle Market Analysis
4.1 Global Armoured Vehicle Historical Market (2016-2020) & Forecast (2021-2026)
4.2 Global Armoured Vehicle Market Breakup by Type
4.2.1 Main Battle Tanks (MBT)
4.2.2 Mine-Resistant Ambush-Protected (MRAP)
4.2.3 Light Protected Vehicles (LPV)
4.2.4 Armoured Personnel Carriers (APC)
4.2.5 Amphibious Armoured Vehicles
4.2.6 Unmanned Ground Vehicles (UGV)
4.3 Global Armoured Vehicle Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
4.3.1 Main Battle Tanks (MBT)
4.3.2 Mine-Resistant Ambush-Protected (MRAP)
4.3.3 Light Protected Vehicles (LPV)
4.3.4 Armoured Personnel Carriers (APC)
4.3.5 Amphibious Armoured Vehicles
4.3.6 Unmanned Ground Vehicles (UGV)
4.4 Global Armoured Vehicle Market Breakup by Technology Used
4.4.1 Active Protection Systems
4.4.2 Interoperable Communication Systems
4.4.3 Modular Ballistic Armour Systems
4.4.4 Electric Armour
4.4.5 Situational Awareness
4.4.6 Active Mine Protection Systems
4.4.7 Vehicle Information Integration
4.5 Global Armoured Vehicle Market Breakup by Technology Used: Historical Market (2016-2020) & Forecast (2021-2026)
4.5.1 Active Protection Systems
4.5.2 Interoperable Communication Systems
4.5.3 Modular Ballistic Armour Systems
4.5.4 Electric Armour
4.5.5 Situational Awareness
4.5.6 Active Mine Protection Systems
4.5.7 Vehicle Information Integration
4.6 Global Armoured Vehicle Market Breakup by Mobility
4.7 Global Armoured Vehicle Market Breakup by Mobility: Historical Market (2016-2020) & Forecast (2021-2026)
4.8 Global Armoured Vehicle Market Breakup by System
4.8.2 Drive System
4.8.3 Ballistic Armor
4.8.4 Turrets Drive
4.8.5 Ammunition Handling System
4.8.6 Fire Control System
4.8.8 Countermeasure Systems
4.8.9 Command & Control (C2) Systems
4.8.10 Power Systems
4.8.11 Navigation Systems
4.8.12 Observation & Display Systems
4.9 Global Armoured Vehicle Market Breakup by System: Historical Market (2016-2020) & Forecast (2021-2026)
4.9.2 Drive System
4.9.3 Ballistic Armor
4.9.4 Turrets Drive
4.9.5 Ammunition Handling System
4.9.6 Fire Control System
4.9.8 Countermeasure Systems
4.9.9 Command & Control (C2) Systems
4.9.10 Power Systems
4.9.11 Navigation Systems
4.9.12 Observation & Display Systems
4.10 Global Armoured Vehicle Market Breakup by Application
4.10.1 Commercial Organisation
4.10.2 Government Organisation
4.11 Global Armoured Vehicle Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
4.11.1 Commercial Organisation
4.11.2 Government Organisation
4.12 Global Armoured Vehicle Market Breakup by Region
4.12.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
4.12.3 Asia Pacific
4.12.4 Latin America
4.12.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
4.13 Global Armoured Vehicle Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
4.13.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
4.13.3 Asia Pacific
4.13.4 Latin America
4.13.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
5 SWOT Analysis
6 Porter’s Five Forces Analysis
6.2 Buyer’s Power
6.3 Supplier’s Power
6.4 New Entrants
6.5 Degree of Rivalry
7 Competitive Landscape & Supplier Analysis
7.1 Oshkosh Defense, LLC
7.2 Textron Systems Corporation
7.3 Denel Soc Ltd.
7.4 Krauss-Maffei Wegmann GmbH & Co.
7.5 FNSS Savunma Sistemleri A.S.
7.6 General Dynamics Corporation
7.7 BAE Systems
7.8 Rheinmetall AG
8 Industry Events and Developments
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