Armored Vehicle Market Size will be Worth $24.85 Billion Growing by

Armored Vehicle Market Size will be Worth $24.85 Billion Growing by 3.7%

This 170-page report, “Global Armored Vehicle Market 2020-2030 by Armor (Passive, Active), Drive Type (Wheeled, Tracked), Category (Conventional, Electric), Vehicle Type, Application and Region: Trend Forecast and Growth Opportunity,” is highlighted by 84 tables and 83 figures and is based on a thorough analysis of the entire global armoured vehicle market and all of its sub-segments through extremely detailed classifications. Premium primary and secondary information sources are used to create in-depth research and assessment, with input coming from business specialists working across the value chain.

By 2030, the market for armoured vehicles will be worth $24.85 billion, growing by 3.7% annually between 2020 and 2030 due to rising defence budget, an increase in transnational conflicts, and an increase in asymmetric warfare.

The report uses 2020 as its base year for forecasts from 2021 to 2030, which are based on studies from 2015 to 2020. (Please note that the report will be updated before to delivery to ensure that the forecast includes at least 5 years past the base year and the most recent historical year serves as the base year.)

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The following aspects are identified and examined in-depth qualitative analyses:

• Market Organization
• Growth Agents
• Challenges and Restrictions
• Market Opportunities & Emerging Product Trends
• Fiver Forces Porter

By taking COVID-19 into consideration, the trend and outlook for the global market are predicted with an upbeat, fair-minded, and conservative viewpoint. The global armoured vehicle market is quantified from all angles, including armour, drive type, category, vehicle type, application, and region, using the balanced (most likely) projection.

According to Armor, the global Armored Vehicle Market is divided into the following sub-markets, each of which includes annual revenue projections for 2020–2030.

• Passive-armor Vehicles
• Active-armor Vehicles

Based on Drive Type, the global market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section.

Wheeled Armored Vehicles

• 4X4 Wheeled Armored Vehicles
• 6X6 Wheeled Armored Vehicles
• 8X8 Wheeled Armored Vehicles
Tracked Armored Vehicles

Based on Category, the global Armored Vehicle Market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section.

• Conventional Armored Vehicles
• Electric Armored Vehicles

Based on Vehicle Type, the global Armored Vehicle Market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section.

• Armored Personnel Carrier (APC)
• Infantry Fighting Vehicle (IFV)
• Main Battle Tank (MBT)
• Light Multi-role Vehicle (LMV)
• Mine Resistant Ambush Protected (MRAP)
• Armored Support Vehicle
• Tactical Truck
• Other Armored Vehicles

Based on Application, the global Armored Vehicle Market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section.

• Defense
• Commercial Use

Along with the listed national/local markets, the following geographic areas are thoroughly investigated:

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
In Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Turkey, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• America, North (U.S., Canada, and Mexico)
Latin America (Brazil, Columbia, Argentina, Rest of South America)
• MEA (Israel, Saudi Arabia, South Africa) (Israel, Saudi Arabia, South Africa)

There are thorough analyses and data for annual revenue for each of the aforementioned regions and nations for the years 2020–2030. There is also a breakdown of the major national markets by Drive Type, Vehicle Type, and Application over the projection years, as well as a breakdown of all regional markets by country.

The study also analyses the present competition landscape, the anticipated trend, and it provides profiles of key vendors, including both established market leaders and significant up-and-coming companies.

Through AMR’s Risk Assessment System, specific risks related to investing in the global armoured vehicle industry are evaluated quantitatively and qualitatively. Critical Success Factors (CSFs) are developed based on the risk analysis and evaluation as a guide to assist investors and stockholders in identifying emerging possibilities, managing and minimising risks, developing suitable business models, and making informed strategies and decisions.

Key Players (this list may not be exhaustive; additional businesses can be included upon request):

BAE Systems
China North Industries Corporation (Norinco)
General Dynamics Corporation
INKAS Armored Vehicle Manufacturing
International Armored Group
Krauss-Maffei Wegmann (KMW)
Lenco Industries Inc.
Lockheed Martin Corporation
Oshkosh Defense LLC
Rheinmetall AG
STREIT Group
Textron Inc.