The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased military spending are expected to drive innovation in armored vehicles manufacturing, thus driving the market during the forecast period.

The global armored vehicles market is expected to grow from $11.73 billion in 2022 to $12.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The global armored vehicles market size is expected to grow to $15.34 billion in 2027 at a CAGR of 5.1%.

Get A Free Sample On The Global Armored Vehicles Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3997&type=smp

Global Armored Vehicles Market Segments Include:

• By Vehicle Type: Armored Personnel Carrier, Infantry Fighting Vehicle, Main Battle Tanks, Tactical Truck, Bus, Others
• By Platform: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles
• By System: Engine, Drive System, Ballistic Armor, Fire Control System (FCS), Armaments, Ammunition Handling System, Countermeasure System, Command and Control System, Others
• By Mobility: Tracked, Wheeled, 4X4, 6X6, 8X8, Others
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global armored vehicles market in 2021.

Major Market Players in the armored vehicles market include BAE Systems, Oshkosh Corp., International Armored Group, General Dynamics Land Systems, Textron, Rheinmetall, Lockheed Martin, Krauss-Maffei Wegmann.

The unmanned armored vehicle is a key trend gaining popularity in the armored vehicle market. The use of unmanned armored vehicles in the defense sector is increasingly evolving, and military organizations around the globe are experimenting with their use in an attempt to understand what such systems can bring and how they can best be incorporated into existing power structures. For instance, in March 2020, the first unmanned armored vehicle from SOORAN, capable of fighting on battlefields and operating from a distance, grabbed the attention of the Indian Army. Sooran is an artificial intelligence multi-terrain vehicle fitted with a petrol engine and can be controlled in three modes, including remote teleoperation, mobile control station teleoperation, and autonomous mode.

The Armored Vehicles Global Market Report 2023  provides a armored vehicles market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The armored vehicles market forecast analyzes armored vehicles market size, armored vehicles market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The armored vehicle is a self-propelled, weaponized military vehicle used for combat operations. The armored vehicles combine operational mobility with offensive and defensive capabilities.

Explore Similar Reports From The Business Research Company:

Battlefield Management System Global Market Report 2023

Military Vehicle Electrification Global Market Report 2023

Search, Detection, And Navigation Instruments Global Market Report 2023

Learn More About The Business Research Company

The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on LinkedIn:  https://in.linkedin.com/company/the-business-research-company

Follow us on Twitter:  https://twitter.com/tbrc_info

Check out our Global Market Model:  https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: