Press Release
Global Armored Vehicle Market is Expected to Reach $38 Billion 2024, Says Variant Market Research
 Published Date:  May 2017  Publish By: Variant Market Research

Global Armored Vehicle Market Report, published by Variant Market Research, forecast that the global market is expected to reach $38 billion by 2024 from $27 billion in 2016; growing at a CAGR of 4.7% from 2016 to 2024. By geography, Asia Pacific and RoW are expected to grow at a CAGR of 5.3% and 5.1%, respectively, during the forecast period.

"Armored Vehicle Market (By Type: Infantry Fighting Vehicles, Light Protected Vehicles, Main Battle Tanks, Armored Personnel Carriers; By Technology: Inter Operable Communication, Vehicle Information Integration, Active Protection Systems, Modular Ballistic Armor, Electric Armor; By Application, By Geography) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024"

To browse the complete report, visit at: https://www.variantmarketresearch.com/report-categories/defense-aerospace/armored-vehicle-market

The global armored vehicle market is majorly driven by high internal and external security threats coupled with increased violence in countries such as Syria, Iraq and other regions in the world. Additionally, rise in defense expenditure especially in emerging economies and increase in number of rental & leasing of armored cars by civilians would boost the growth of the market. Though, lack of regulatory standards and decreasing defense budgets in developed economies may hamper the growth of the market. Light weight armored vehicles and increasing demand from commercial sector would provide market opportunities during the forecast period.

The global armored vehicle market has been bifurcated on the basis of type, technology, application and geography. Type segment includes armored amphibious vehicles, light protected vehicles, main battle tanks, armored personnel carriers, infantry fighting vehicles, mine-resistant ambush protected and others. Armored personal carriers dominated the type segment of the market and accounted for about 21% in the year 2016. Moreover, the market by technology is further categorized into active protection systems, inter operable communication, modular ballistic armor, electric armor, situational awareness, active mine protection and vehicle information integration. By application, the market is segmented as military, law enforcement and commercial. In 2016, military accounted for the highest market share, whereas commercial segment is likely to dominate the market in the application segment with highest CAGR during the forecast period 2016-2024, owing to increasing popularity of armored vehicles among VIPs and celebrities and availability of armored cars on rentals.

Geographically, the global armored vehicle market has been segmented into North America, Europe, Asia-Pacific and RoW. In 2016, North America accounted for the largest market share of 36% owing to high adoption of latest technologies and modernization in defense force, followed by Europe accounting for about 28%. However, Asia Pacific is likely to dominate the market with fastest CAGR during the forecast period; owing to the high investment on modernization of military and increasing border conflicts.

Market players have used various strategies to increase their market share and global presence. With the ever-increasing demand, manufacturers should closely monitor and grow their operations in the new markets. The key players in the armored vehicle market include International Armored Group, Lockheed Martin, Thales Group, General Dynamics Corporation, BAE Systems, Denel Land Systems, Oshkosh Defense, Rheinmetall Landsysteme GmbH, Elbit Systems Ltd. and INKAS Armored Vehicle Manufacturing, among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Value Chain Analysis
    3.4 Market Dynamics
          3.4.1 Drivers
                   3.4.1.1 Impact Analysis
          3.4.2 Restraints
                   3.4.2.1 Impact Analysis
          3.4.3 Opportunities
    3.5 Porter’s five forces analysis
          3.5.1 Factors Impact Analysis
Chapter 4 Armored Vehicle Market by Type: Market Size and Forecast, 2015 – 2024
    4.1 Infantry Fighting Vehicles
          4.1.1 Current Trend and Analysis
          4.1.2 Market Size and Forecast
    4.2 Light Protected Vehicles
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
    4.3 Main Battle Tanks
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
    4.4 Armored Personnel Carriers
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast
    4.5 Armored Amphibious Vehicles
          4.5.1 Current Trend and Analysis
          4.5.2 Market Size and Forecast
    4.6 Mine-Resistant Ambush Protected
          4.6.1 Current Trend and Analysis
          4.6.2 Market Size and Forecast
    4.7 Others
          4.7.1 Current Trend and Analysis
          4.7.2 Market Size and Forecast
Chapter 5 Armored Vehicle Market by Technology: Market Size and Forecast, 2015 – 2024
    5.1 Inter Operable Communication
          5.1.1 Current Trend and Analysis
          5.1.2 Market Size and Forecast
    5.2 Vehicle Information Integration
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
    5.3 Active Protection Systems
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
    5.4 Modular Ballistic Armor
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast
    5.5 Electric Armor
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast
    5.6 Situational Awareness
          5.6.1 Current Trend and Analysis
          5.6.2 Market Size and Forecast
    5.7 Active Mine Protection
          5.7.1 Current Trend and Analysis
          5.7.2 Market Size and Forecast
Chapter 6 Armored Vehicle Market by Application: Market Size and Forecast, 2015 – 2024
    6.1 Military
          6.1.1 Current Trend and Analysis
          6.1.2 Market Size and Forecast
    6.2 Law Enforcement
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast
    6.3 Commercial
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast
Chapter 7 Supervisory control and data acquisition (SCADA) Market by Geography: Market Size and Forecast, 2015 – 2024
    7.1 North America
          7.1.1 Current Trend and Analysis
          7.1.2 Market Size and Forecast
          7.1.3 US
          7.1.4 Canada
          7.1.5 Mexico
    7.2 Europe
          7.2.1 Current Trend and Analysis
          7.2.2 Market Size and Forecast
          7.2.3 Germany
          7.2.4 France
          7.2.5 United Kingdom
          7.2.6 Russia
          7.2.7 Italy
          7.2.8 Others
    7.3 Asia-Pacific
          7.3.1 Current Trend and Analysis
          7.3.2 Market Size and Forecast
          7.3.3 China
          7.3.4 India
          7.3.5 Japan
          7.3.7 Others
    7.4 RoW
          7.4.1 Current Trend and Analysis
          7.4.2 Market Size and Forecast
          7.4.3 Middle East
          7.4.4 South America
          7.4.5 Africa
Chapter 8 Company Profiles
    8.1 International Armored Group
    8.2 Lockheed Martin
    8.3 Thales Group
    8.4 General Dynamics Corporation
    8.5 BAE Systems
    8.6 Denel Land Systems
    8.7 Oshkosh Defense
    8.8 Rheinmetall Landsysteme GmbH
    8.9 Elbit Systems Ltd.
    8.10 INKAS Armored Vehicle Manufacturing
List of Figures
FIG. 1 MARKET SEGMENTATION: GLOBAL ARMORED VEHICLE MARKET
FIG. 2 GLOBAL ARMORED VEHICLE MARKET SHARE AND FORECAST, BY TYPE 2016 Vs 2024 (VALUE %)
FIG. 3 INFANTRY FIGHTING VEHICLES MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 4 LIGHT PROTECTED VEHICLES MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 5 MAIN BATTLE TANKS MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 6 ARMORED PERSONNEL CARRIERS MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 7 ARMORED AMPHIBIOUS VEHICLES MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 8 MINE-RESISTANT AMBUSH PROTECTED MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 9 OTHER TYPES MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 10 GLOBAL ARMORED VEHICLE MARKET SHARE AND FORECAST, BY TECHNOLOGY 2016 Vs 2024 (VALUE %)
FIG. 11 VEHICLE INFORMATION INTEGRATION MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 12 INTER OPERABLE COMMUNICATION MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 13 ACTIVE PROTECTION SYSTEMS MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 14 MODULAR BALLISTIC ARMOR MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 15 ELECTRIC ARMOR MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 16 SITUATIONAL AWARENESS MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 17 ACTIVE MINE PROTECTION MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 18 GLOBAL ARMORED VEHICLE MARKET SHARE AND FORECAST, BY APPLICATION 2016 Vs 2024 (VALUE %)
FIG. 19 MILITARY MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 20 LAW ENFORCEMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 21 COMMERCIAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 22 GLOBAL ARMORED VEHICLE MARKET SIZE AND FORECAST BY GEOGRAPHY, 2016 Vs 2024 (REVENUE, CAGR %)
FIG. 23 NORTH AMERICA ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 24 NORTH AMERICA ARMORED VEHICLE MARKET SIZE AND FORECAST BY COUNTRY, 2015 – 2024 ($ BILLION)
FIG. 25 U.S. ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 26 CANADA ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 27 MEXICO ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 28 EUROPE ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024, ($ BILLION)
FIG. 29 EUROPE ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY, ($ BILLION)
FIG. 30 FRANCE ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 31 GERMANY ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 32 UNITED KINGDOM ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 33 RUSSIA ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 34 ITALY ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 35 OTHER COUNTRIES IN EUROPE ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 36 ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 37 ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY ($ BILLION)
FIG. 38 INDIA ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 39 JAPAN ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 40 CHINA ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 41 OTHER COUNTRIES IN ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 42 REST OF THE WORLD ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 43 REST OF THE WORLD ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY ($ BILLION)
FIG. 44 SOUTH AMERICA ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 45 MIDDLE EAST ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 46 AFRICA ARMORED VEHICLE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
List of Tables
TABLE 1 GLOBAL ARMORED VEHICLE MARKET SNAPSHOT
TABLE 2 GLOBAL ARMORED VEHICLE MARKET SIZE AND FORECAST, BY REGION, 2015 – 2024 ($ BILLION)
TABLE 3 DRIVER OF THE GLOBAL ARMORED VEHICLE MARKET: IMPACT ANALYSIS
TABLE 4 RESTRAINTS OF THE GLOBAL ARMORED VEHICLE MARKET: IMPACT ANALYSIS
TABLE 5 INFANTRY FIGHTING VEHICLES MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 6 LIGHT PROTECTED VEHICLES MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 7 MAIN BATTLE TANKS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 8 ARMORED PERSONNEL CARRIERS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 9 ARMORED AMPHIBIOUS VEHICLES MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 10 MINE-RESISTANT AMBUSH PROTECTED MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 11 OTHER TYPES MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 12 VEHICLE INFORMATION INTEGRATION MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 13 INTER OPERABLE COMMUNICATION MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 14 ACTIVE PROTECTION SYSTEMS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 15 MODULAR BALLISTIC ARMOR MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 16 ELECTRIC ARMOR MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 17 SITUATIONAL AWARENESS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 18 ACTIVE MINE PROTECTION MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 19 MILITARY MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 20 LAW ENFORCEMENT MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 21 COMMERCIAL MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 22 NORTH AMERICA ARMORED VEHICLE MARKET SIZE AND FORECAST, BY TYPE, 2015 – 2024 ($ BILLION)
TABLE 23 NORTH AMERICA ARMORED VEHICLE MARKET SIZE AND FORECAST, BY TECHNOLOGY, 2015 – 2024 ($ BILLION)
TABLE 24 NORTH AMERICA ARMORED VEHICLE MARKET SIZE AND FORECAST, BY APPLICATION, 2015 – 2024 ($ BILLION)
TABLE 25 EUROPE ARMORED VEHICLE MARKET SIZE AND FORECAST, BY TYPE, 2015 – 2024 ($ BILLION)
TABLE 26 EUROPE ARMORED VEHICLE MARKET SIZE AND FORECAST, BY TECHNOLOGY, 2015 – 2024 ($ BILLION)
TABLE 27 EUROPE ARMORED VEHICLE MARKET SIZE AND FORECAST, BY APPLICATION, 2015 – 2024 ($ BILLION)
TABLE 28 ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE AND FORECAST, BY TYPE, 2015 – 2024 ($ BILLION)
TABLE 29 ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE AND FORECAST, BY TECHNOLOGY, 2015 – 2024 ($ BILLION)
TABLE 30 ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE AND FORECAST, BY APPLICATION, 2015 – 2024 ($ BILLION)
TABLE 31 REST OF THE WORLD ARMORED VEHICLE MARKET SIZE AND FORECAST, BY TYPE, 2015 – 2024 ($ BILLION)
TABLE 32 REST OF THE WORLD ARMORED VEHICLE MARKET SIZE AND FORECAST, BY TECHNOLOGY, 2015 – 2024 ($ BILLION)
TABLE 33 REST OF THE WORLD ARMORED VEHICLE MARKET SIZE AND FORECAST, BY APPLICATION, 2015 – 2024 ($ BILLION)
TABLE 34 INTERNATIONAL ARMORED GROUP: COMPANY SNAPSHOT
TABLE 35 LOCKHEED MARTIN: COMPANY SNAPSHOT
TABLE 36 THALES GROUP: COMPANY SNAPSHOT
TABLE 37 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
TABLE 38 BAE SYSTEMS: COMPANY SNAPSHOT
TABLE 39 DENEL LAND SYSTEMS: COMPANY SNAPSHOT
TABLE 40 OSHKOSH DEFENSE: COMPANY SNAPSHOT
TABLE 41 RHEINMETALL LANDSYSTEME GMBH: COMPANY SNAPSHOT
TABLE 42 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
TABLE 43 INKAS ARMORED VEHICLE MANUFACTURING: COMPANY SNAPSHOT

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