Armored Vehicle Market
The global Armored Vehicle Market size reached 32,459 USD Million in 2024. Looking forward, MarketsGlob expects the market to reach 47,847.59 USD Million by 2031, exhibiting a growth rate (CAGR) of 5.7% during 2025-2031.
Armored vehicles are specially designed vehicles reinforced with bulletproof materials and protective technologies. They are used to ensure safety in military operations, law enforcement duties, and civilian protection. These vehicles protect against ballistic threats, explosives, and high-risk environments.
Market Highlights
- Increasing military modernization programs across countries
- Rising demand for advanced defense and security solutions
- Growing use in border security, riot control, and VIP protection
- Innovation in lightweight armor materials and smart defense systems
The Armored Vehicle Market will grow steadily driven by rising global security concerns, modernization of armed forces, and increasing adoption of lightweight, high-performance armored vehicles in both defense and civilian sectors.
Armored Vehicle Market
Market forecast to grow at a CAGR of 5.7%
Note:The image is for illustrative purposes only
Key Players in the Market
The report includes a detailed analysis of both established and emerging companies in the market. Key players are highlighted based on their product offerings and other relevant factors, with consideration given to their year of market entry.
Major players includes
- BAE Systems
- Elbit Systems
- General Dynamics
- Iveco
- Krauss-MaffeiWegmann
- Lockheed Martin
- Navistar
- Oshkosh
- Rheinmetall
- Textron
- Streit
- Minerva
- Armour Group
- INKAS
- GeneralDynamicsCorporation
- STAT Industry
- Textron Inc.
- Thales Group
- Lenco
(Please note that the list of players mentioned here is not final. We encourage you to request a sample report to review the most up-to-date list of all relevant players.)
Segmentation for Armored Vehicle Market
Products Segment Analysis
- Wheeled Armored Vehicles
- Tracked Armored Vehicles
Applications Segment Analysis
- Military Use
- Police Use
- Civil Use
(Please note that the segmentation provided in this report is not limited to these categories. We can further break down the data into additional segments as per your specific requirements. We encourage you to request a sample report to explore the detailed scope of our research and customized insights.)
Sales Channel Segment Analysis
- Direct Channel
- Distribution Channel
Market segment by Region/Country including:
- North America (United States, Canada, Mexico)
- Europe (Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific)
- South America (Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa)
Report Coverage:
| Base Year of the Analysis | 2025 |
|---|---|
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2032 |
| Types Covered | Wheeled Armored Vehicles, Tracked Armored Vehicles |
| Applications Covered | Military Use, Police Use, Civil Use |
| Companies Covered |
BAE Systems, Elbit Systems, General Dynamics, Iveco, Krauss-MaffeiWegmann, Lockheed Martin, Navistar, Oshkosh, Rheinmetall, Textron, Streit, Minerva, Armour Group, INKAS, GeneralDynamicsCorporation, STAT Industry, Textron Inc., Thales Group, Lenco (Please note that the list of players mentioned here is not final. We encourage you to request a sample report to review the most up-to-date list of all relevant players.) |
| Sales Channels Covered | Direct Channel, Distribution Channel |
| Regions Covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa |
| Countries Covered | United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe, China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific, Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America, UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa |
| Customization Scope | We offer extensive customization options for different segments at the region/country-level, ensuring that specific needs are met. Furthermore, our services extend to additional customization based on your unique requirements. |
| Purchase Options | We have three plans to opt for: Standard Plan (PDF), Advanced Plan (PDF + Excel Data Pack) & Extended Plan (PDF + Excel Data Pack + Periodic Update). For more details, please check details of plan types & features. |
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