In 2017, the Global Armored Vehicle Market Size was calculated at USD 14.35 Billion and is anticipated to reach around USD XX.XX over the forecast period that is 2019 to 2025. The industry witnessing a CAGR of 5.7 in coming years due to increasing demand for military activities, this technology mainly used for safeguarding army personal from external and internal  threats. Same as increasing industrialization in the emerging economies which is needed to protect commercial activities is also estimated to boost demand during the forecast timespan. Additionally, the failure of major OEMs of amrored vehicles form Meddle East and Asia Pacific regions and major failure in technical sense such as mechanical, electrical, and others are estimated to slow down the growth of market, same time number of European manufacturers looking forward to invest in these two regions due to increasing demand, instabilities and countries conflicts.

Global Armored Vehicle Market Growth Opportunities (Revenue, Growth) By 2017-2025

Armored Vehicle Market is projected to favourable market growth between 2019 to 2025 owing to recent multilateral agreements between NATO and African Union for counter terrorism and maintain peace. The global armored vehicle industry showing positive sign because of governments support and adopted latest machinery to protect external and internal threats such as public protest against government, militant attacks, communal riots, organized crimes, and terrorism.

The global market analysis offers in-depth insights, revenue details, and other vital information regarding the global armored vehicle market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global market report has been segmented on the basis of type, application, and region.

Market Dynamic

The 190 pages report on the armored vehicles market will be witnessing very positive sign in term of CAGR 5.7 from 2017 to 2025. The global armored vehicles market is segmented into product types like defense and commercial. The defense armored vehicle is primarily bifurcated into armored personnel carrier, infantry fighting vehicle, light protected vehicle, main battle tank, mine-resistant ambush protected, and tactical vehicle. North America market is boosting demand of the armored vehicles owing to global presence of military activities and American army playing major role in different regions such as Afghanistan, Iraq etc. The commercial armored vehicles are segmented into bus/van, limousine, sedan, and SUV. The commercial segment was valued the crucial growth in recent years and is projected to boost this segment during the forecast timespan due to growing demand form military to protect army personnel form terrorism, tactical war etc.

Segment Analysis

On the basis of application types the industry is bifurcated into defense and commercial segment which are the major key application is boost the overall growth of the armored vehicles market. The defense application holds the major share of global industry during 2017 to 2018. Growing awareness about technological update from governments for army that is safeguard soldiers’ lives during civil wars, communal riots and domestic as well international terrorism are projected to boost the defense segment in armored vehicles over the forecast analysis timeline. 

Second largest segment is commercial armored vehicles that vehicles are VIP protection, armed convoys, and patrols. The commercial segment showing positive sign in recent years due to rising demand from rental and leasing protected van services for personal safety to protect personnel as well as public life. The financial organizations, banks and industrial sectors are also drive the segment during the forecast period.  

Regional Analysis

The armored vehicles market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa.  Asia Pacific armored vehicles market was estimated to significant growth in 2017 and is projected to grow at the highest CAGR over the forecast period owing to stabilize advance equipment manufacturers and service providers. Additionally, major factors are reflected to market demand such as technological services, protect government interest, and need public protection, industrial security in emerging countries. India and China have facing internal and external threats which will push these countries to increase their defense budgets and are adopting armored vehicles for army. These factors are projected to push the industry growth in the region over the forecast timespan. Developing countries such as India, South Korea, and China are heavy investment and adopting new technological or advanced armored vehicles. These major factors are projected to boost industry demand in coming years. South Korea has planned to make heavy investment for unmanned armored vehicles, AI-based and tracking technology. Asia Pacific regions key players or manufacturers are significantly planning to invest in research and development to develop for unmanned armored vehicles, AI-based and hybrid armored vehicles for maritime and border security.

Global Armored Vehicle Market Size, Share Analysis By Region 2017

North America and Europe are expected to be the fastest growing regions in the global armored vehicles market, due to increasing number of terrorist attack in both regions and increasing spending  more money on advanced technologies will boost advance armored vehicles demand in coming years. Middle East and Africa market gaining attraction of the investment for the companies for more scope in those regions and expected to raise healthy growth over the forecast period.

Global Armored Vehicle Market Study Objective

1. To forecast the market size of armored vehicles market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of armored vehicles market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of armored vehicles market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of armored vehicles market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the armored vehicles market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of armored vehicles market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of armored vehicles market commercially.

Key players

This market major key players are Oshkosh Corporation, UralVagonZavod, Ukroboronprom, General Dynamics Corporation, BAE Systems plc , NORINCO, Rheinmetall AG, and Textron Inc. some of other prominent manufactures which will play very imp role that are BMW AG, Daimler AG Elbit Systems, Ford Motor Company, INKAS Armored Vehicle Manufacturing; International Armored Group, IVECO, Lenco Industries, Inc., Lockheed Martin Corporation; Navistar, Inc., Oshkosh Defense, LLC, STAT, Inc., General Dynamics Corporation, Krauss-Maffei Wegmann GmbH & Co., and Thales Group.

Global Armored Vehicle Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.