The global armored vehicle market size is estimated at USD 21.58 billion in 2025 and is predicted to reach around USD 36.15 billion by 2034, accelerating at a CAGR of 5.91% from 2025 to 2034. The Asia Pacific armored vehicle market size accounted for USD 6.91 billion in 2025 and is expanding at a CAGR of 5.92% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Armored Vehicle Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Armored Vehicle Market, by Platform
8.1.1. Combat Vehicle
8.1.1.1. Market Revenue and Forecast
8.1.2. Combat Support Vehicle
8.1.2.1. Market Revenue and Forecast
8.1.3. Unmanned Vehicle
8.1.3.1. Market Revenue and Forecast
9.1. Armored Vehicle Market, by Application
9.1.1. Defense
9.1.1.1. Market Revenue and Forecast
9.1.2. Commercial
9.1.2.1. Market Revenue and Forecast
10.1. Armored Vehicle Market, by Mobility
10.1.1. Wheeled
10.1.1.1. Market Revenue and Forecast
10.1.2. Tracked
10.1.2.1. Market Revenue and Forecast
11.1. Armored Vehicle Market, by Sales
11.1.1. OEM
11.1.1.1. Market Revenue and Forecast
11.1.2. Retrofit
11.1.2.1. Market Revenue and Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Platform
12.1.2. Market Revenue and Forecast, by Application
12.1.3. Market Revenue and Forecast, by Mobility
12.1.4. Market Revenue and Forecast, by Sales
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Platform
12.1.5.2. Market Revenue and Forecast, by Application
12.1.5.3. Market Revenue and Forecast, by Mobility
12.1.5.4. Market Revenue and Forecast, by Sales
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Platform
12.1.6.2. Market Revenue and Forecast, by Application
12.1.6.3. Market Revenue and Forecast, by Mobility
12.1.6.4. Market Revenue and Forecast, by Sales
12.2. Europe
12.2.1. Market Revenue and Forecast, by Platform
12.2.2. Market Revenue and Forecast, by Application
12.2.3. Market Revenue and Forecast, by Mobility
12.2.4. Market Revenue and Forecast, by Sales
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Platform
12.2.5.2. Market Revenue and Forecast, by Application
12.2.5.3. Market Revenue and Forecast, by Mobility
12.2.5.4. Market Revenue and Forecast, by Sales
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Platform
12.2.6.2. Market Revenue and Forecast, by Application
12.2.6.3. Market Revenue and Forecast, by Mobility
12.2.6.4. Market Revenue and Forecast, by Sales
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Platform
12.2.7.2. Market Revenue and Forecast, by Application
12.2.7.3. Market Revenue and Forecast, by Mobility
12.2.7.4. Market Revenue and Forecast, by Sales
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Platform
12.2.8.2. Market Revenue and Forecast, by Application
12.2.8.3. Market Revenue and Forecast, by Mobility
12.2.8.4. Market Revenue and Forecast, by Sales
12.3. APAC
12.3.1. Market Revenue and Forecast, by Platform
12.3.2. Market Revenue and Forecast, by Application
12.3.3. Market Revenue and Forecast, by Mobility
12.3.4. Market Revenue and Forecast, by Sales
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Platform
12.3.5.2. Market Revenue and Forecast, by Application
12.3.5.3. Market Revenue and Forecast, by Mobility
12.3.5.4. Market Revenue and Forecast, by Sales
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Platform
12.3.6.2. Market Revenue and Forecast, by Application
12.3.6.3. Market Revenue and Forecast, by Mobility
12.3.6.4. Market Revenue and Forecast, by Sales
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Platform
12.3.7.2. Market Revenue and Forecast, by Application
12.3.7.3. Market Revenue and Forecast, by Mobility
12.3.7.4. Market Revenue and Forecast, by Sales
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Platform
12.3.8.2. Market Revenue and Forecast, by Application
12.3.8.3. Market Revenue and Forecast, by Mobility
12.3.8.4. Market Revenue and Forecast, by Sales
12.4. MEA
12.4.1. Market Revenue and Forecast, by Platform
12.4.2. Market Revenue and Forecast, by Application
12.4.3. Market Revenue and Forecast, by Mobility
12.4.4. Market Revenue and Forecast, by Sales
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Platform
12.4.5.2. Market Revenue and Forecast, by Application
12.4.5.3. Market Revenue and Forecast, by Mobility
12.4.5.4. Market Revenue and Forecast, by Sales
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Platform
12.4.6.2. Market Revenue and Forecast, by Application
12.4.6.3. Market Revenue and Forecast, by Mobility
12.4.6.4. Market Revenue and Forecast, by Sales
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Platform
12.4.7.2. Market Revenue and Forecast, by Application
12.4.7.3. Market Revenue and Forecast, by Mobility
12.4.7.4. Market Revenue and Forecast, by Sales
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Platform
12.4.8.2. Market Revenue and Forecast, by Application
12.4.8.3. Market Revenue and Forecast, by Mobility
12.4.8.4. Market Revenue and Forecast, by Sales
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Platform
12.5.2. Market Revenue and Forecast, by Application
12.5.3. Market Revenue and Forecast, by Mobility
12.5.4. Market Revenue and Forecast, by Sales
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Platform
12.5.5.2. Market Revenue and Forecast, by Application
12.5.5.3. Market Revenue and Forecast, by Mobility
12.5.5.4. Market Revenue and Forecast, by Sales
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Platform
12.5.6.2. Market Revenue and Forecast, by Application
12.5.6.3. Market Revenue and Forecast, by Mobility
12.5.6.4. Market Revenue and Forecast, by Sales
13.1. Oshkosh Corp
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Hanwha Defense
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. BAE Systems
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Northrop Grumman Corporation
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Lockheed Martin Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. General Dynamics Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
15.1. About Us
15.2. Glossary of Terms
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