The global armoured vehicle market stood at a value of nearly USD 28.6 billion in 2019. The industry is further projected to grow at a CAGR of 5.8% during the forecast period of 2020-2025. 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.
Get a Free Sample Report with Table of Contents - Download Now
Properties and Applications
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.
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.
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.
Key Questions Answered in the Market 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 (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
4.11.1 Commercial Organisation
4.11.2 Government Organisation
4.12 Global Armoured Vehicle Market Breakup by Region
4.12.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
4.12.3 Asia Pacific
4.12.4 Latin America
4.12.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
4.13 Global Armoured Vehicle Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
4.13.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
4.13.3 Asia Pacific
4.13.4 Latin America
4.13.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 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 Events and Developments
Additional Customization Available:
9 Manufacturing Process
9.1.1 Detailed Process Flow
9.1.2 Operations Involved
9.1.3 Mass Balance
10 Cost Analysis
10.1.1 Land, Location and Site Development
10.1.3 Plant Machinery
10.1.4 Cost of Raw Material
10.1.9 Other Capital Investment
EMR is one of the foremost business intelligence and market research companies with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.
Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each industry and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with industry insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:
Our approach gives our clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources.
We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable industry strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.
Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.
We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the industry.
As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.
EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing industry conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the industry, the supply chain, the competitive landscape, and the product.
Other Analyst Tools and Data Models
Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and industry strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.
Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.
Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.
Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the industry, our market and price assessments accurately reflect the prevailing industry conditions.
Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The global precision guided munition market attained a value of USD 29 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 8.2% to reach USD 46.5 b...
With the rapidly evolving offshore oil and gas industry and marine markets, the development of various testing and demonstrating surveillance systems has taken place such as Permanent Reservoir Monito...
There is high demand globally for helicopters of a new generation that can carry large quantities of artillery, including autocannons, machine guns, rockets, and antitank missiles (ATGM). Attack helic...
The creation of innovative technologies and sensors has led to a change in the scale, shape, and functionality of drones. The proliferation of drone applications in the agriculture, defence, and logis...
The global drone navigation system market size is expected to grow at a CAGR of 28% during the forecast period 2020-2025. The leading driving factor for the growth of the drone navigation system marke...
Buy Full Version
"Armoured Vehicle Market" Purchase Enquiry