North America Crowned as the Undisputed Leader of the Industry

Dublin, January 23, 2023 /PRNewswire/ — Added “Armored Vehicles Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report’s giving

Industry Outlook

Armored vehicles can be defined as combat or non-combat vehicles that are fitted with additional armor to protect against projectiles, bullets, grenades, shell fragments and mines. These vehicles are capable of dealing with direct combat situations with little or no threat to the occupants of the vehicles.

Such vehicles carry guns with heavy caliber or are used to transport military personnel. As a result, armored vehicles are of equal importance in combat and transport applications and hence, the demand for such vehicles is experiencing a steady surge.

Wheeled armored vehicles are rolling with major stakes against tracked armored vehicles

Armored vehicles are classified into two major categories based on their locomotive capacity as tracked armored vehicles and wheeled armored vehicles. Tracked armored vehicles usually consist of heavily armored tanks and personnel carriers, and their application is limited to defense and border security.

On the other hand, wheeled armored vehicles have widely expanded applications beyond traditional combat equipment for homeland security and commercial applications. The major price and volume difference between the two variants helped the wheeled armored vehicles dominate the global armored vehicles market.

Defense applications dominate while homeland security is proliferated

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Armored vehicles have seen tremendous growth in the past few years for homeland security. Governments around the world are equipping their homeland security forces, police and task forces with reliable armored vehicles. These vehicles have time and again proved instrumental in the fight against anti-social forces and mob riots. The growth of armored vehicles for commercial applications is also evident due to growth in private security services and bank-owned security systems. However, defense is still the major consumer of armored vehicles and is expected to retain its dominance in the market during the forecast period from 2021 to 2030.

North America is crowned as the undisputed leader of the global armored vehicles market

Exaggerated spending in the overall defense budget United States Helped in the growth of armored vehicles in the North American region. The US is expected to increase its defense budget US$ 1 TN in coming years. Armored vehicles are one of the most important components that a country often procures in order to protect its personnel in defense and homeland security. Asia Pacific paths North America In terms of market value in the overall armored vehicles market. Heavy regional conflicts between Southeast Asian countries and proliferation of terrorist activities certainly encouraged the demand for armored vehicles in the region. Other areas including Europe And the rest of the world is also contributing a noticeable share of the global armored vehicles market.

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Market segmentation

  • Armored Personnel Carriers (APC)
  • Infantry Fighting Vehicle (IFV)
  • Light Protected Vehicles (LPV)
  • battle tank
  • Mine-resistant ambush protected
  • Tactical Truck
  • Buses and vans
  • SUV
  • Luxury vehicles



  • Commerce
  • Homeland Security
  • defense

Important questions are answered in this report

  • What are the key micro and macro environmental factors impacting the growth of the Armored Vehicles market?
  • What are the key investment pockets in terms of product segments and geographies during the current and forecast period?
  • Estimated forecast and market projections till 2030.
  • Which segment has the fastest CAGR during the forecast period?
  • Which market segment has the largest market share and why?
  • Are low- and middle-income economies investing in the armored vehicles market?
  • Which is the largest regional market for armored vehicles market?
  • What are the market trends and dynamics in emerging markets? Asia Pacific, Latin AmericaAnd middle east & Africa?
  • What are the key trends driving the growth of the Armored Vehicles market?
  • Who are the major competitors and what are their key strategies to increase their market presence in the worldwide armored vehicles market?

Key Topics Covered:

1. Preface

2. Executive Summary

3. Armored Vehicles Market: Competitive Analysis

4. Armored Vehicles Market: Macro Analysis & Market Dynamics

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5. Armored Vehicles Market: By Product, 2020-2030, USD (Million)

6. Armored Vehicles Market: By Mobility, 2020-2030, USD (Million)

7. Armored Vehicles Market: By Application, 2020-2030, USD (Million)

8. North America Armored Vehicles Market, 2020-2030, USD (Million)

9. UK and European Union Armored Vehicles Market, 2020-2030, USD (Million)

10. Asia Pacific Armored Vehicles Market, 2020-2030, USD (Million)

11. Latin America Armored Vehicles Market, 2020-2030, USD (Million)

12. middle east and Africa Armored Vehicles Market, 2020-2030, USD (Million)

13. Company Profile

Companies mentioned

  • BAE Systems
  • BMW AG
  • Elbit Systems
  • General Dynamics Corporation
  • Ford Motor Company
  • Daimler AG
  • Lockheed Martin Corporation
  • Rheinmetall AG
  • Thales Group
  • Krauss-Maffei Wegmann GmbH & Co. (KMW)
  • Navistar, Inc.
  • INKAS Armored Vehicle Manufacturing
  • Oshkosh Defense LLC
  • Textron, Inc.
  • International Armored Group
  • Lenco Industries, Inc.
  • STAT, Inc.
  • IVECO..

For more information on this report visit

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