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Global Armoured Vehicle Market: By Type; By Technology Used; By Mobility; By System; By Application: Commercial Organisation, Government Organisation, Military; Regional Analysis; Historical Market and Forecast (2016-2026); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Armoured Vehicle Market Outlook

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.


Global Armoured Vehicle Market

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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.


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.


Global Armoured Vehicle Market By Application

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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:

  • Engines
  • Drive System
  • Ballistic Armour
  • Turrets Drive
  • Ammunition Handling System 
  • Fire Control System 
  • Armaments
  • Countermeasure Systems
  • Command and Control (C2) Systems
  • Power Systems
  • Navigation Systems
  • Observation and Display Systems
  • Hulls/Frames

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.


Global Armoured Vehicle Market By Region

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Market Analysis

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.


Competitive Landscape

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:

  • Oshkosh Defense, LLC
  • Textron Systems Corporation
  • Denel Soc Ltd.
  • Krauss-Maffei Wegmann GmbH & Co.
  • FNSS Savunma Sistemleri A.?. 
  • General Dynamics Corporation
  • BAE Systems
  • Rheinmetall AG
  • Others

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.


Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Technology Used, Mobility, System, Application, Region
Breakup by Type Main Battle Tanks (MBT), Mine-Resistant Ambush-Protected (MRAP), Light Protected Vehicles (LPV), Armoured Personnel Carriers (APC), Amphibious Armoured Vehicles, Unmanned Ground Vehicles (UGV), Others
Breakup by Technology Used Active Protection Systems, Interoperable Communication Systems, Modular Ballistic Armour Systems, Electric Armour, Situational Awareness, Active Mine Protection Systems, Vehicle Information Integration
Breakup by Mobility Wheeled, Tracked
Breakup by System Engines, Drive System, Ballistic Armor, Turrets Drive, Ammunition Handling System, Fire Control System, Armaments, Countermeasure Systems, Command & Control (C2) Systems, Power Systems, Navigation Systems, Observation & Display Systems, Hulls/Frames
Breakup by Application Commercial Organisation, Government Organisation, Military, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Oshkosh Defense, LLC, Textron Systems Corporation, Denel Soc Ltd., Krauss-Maffei Wegmann GmbH & Co., FNSS Savunma Sistemleri A.S., General Dynamics Corporation, BAE Systems, Rheinmetall AG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.


Key Questions Answered in the Market Report

  • How has the global armoured vehicle market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the armoured vehicle market for 2021-2026?
  • What are the major drivers for the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major constraints for the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major demand indicators of the global industry?
  • Who are the key manufacturers of armoured vehicle in the global market?
  • What is the degree of competition in the global industry?
  • What are the major events and developments taking place within the industry globally?

*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    Preface
    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)
        4.2.7    Others
    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)
        4.3.7    Others
    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
        4.6.1    Wheeled
        4.6.2    Tracked
    4.7    Global Armoured Vehicle Market Breakup by Mobility: Historical Market (2016-2020) & Forecast (2021-2026)
        4.7.1    Wheeled
        4.7.2    Tracked 
    4.8    Global Armoured Vehicle Market Breakup by System
        4.8.1    Engines
        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 
        4.8.7    Armaments
        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
        4.8.13    Hulls/Frames
    4.9    Global Armoured Vehicle Market Breakup by System: Historical Market (2016-2020) & Forecast (2021-2026)
        4.9.1    Engines
        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 
        4.9.7    Armaments
        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
        4.9.13      Hulls/Frames
    4.10    Global Armoured Vehicle Market Breakup by Application
        4.10.1    Commercial Organisation
        4.10.2    Government Organisation 
        4.10.3    Military
        4.10.4    Others
    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 
        4.11.3    Military
        4.11.4    Others
    4.12    Global Armoured Vehicle Market Breakup by Region
        4.12.1    North America
      United States of America
        4.12.2    Europe
      United Kingdom
        4.12.3    Asia Pacific
        4.12.4    Latin America
        4.12.5    Middle East & Africa
      Saudi Arabia
      United Arab Emirates
      South Africa
    4.13     Global Armoured Vehicle Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        4.13.1    North America
      United States of America
        4.13.2    Europe
      United Kingdom
        4.13.3    Asia Pacific
        4.13.4    Latin America
        4.13.5    Middle East & Africa
      Saudi Arabia
      United Arab Emirates
      South Africa
5    SWOT Analysis
    5.1    Overview
    5.2    Strengths
    5.3    Weaknesses
    5.4    Opportunities
    5.5    Threats
6    Porter’s Five Forces Analysis
    6.1    Overview
    6.2    Buyer’s Power
    6.3    Supplier’s Power
    6.4    New Entrants
    6.5    Degree of Rivalry
    6.6    Substitutes
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
    7.9    Others
8    Industry Events and Developments

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