Armored Vehicle Market Size, Competitors & Forecast to 2032

The armored vehicle market is rapidly evolving, shaped by advancements in propulsion, modular architecture, and shifting global defense imperatives. Senior stakeholders must navigate a landscape where integration, adaptability, and operational readiness play defining roles across regions and segments.

Market Snapshot: Armored Vehicle Market Growth and Dynamics

The Armored Vehicle Market grew from USD 46.87 billion in 2025 to USD 49.14 billion in 2026. It is expected to continue growing at a CAGR of 5.11%, reaching USD 66.46 billion by 2032. This upward trajectory is driven by technological innovation, realignment of defense budgets, and increased demand for both conventional and electric armored platforms worldwide.

Scope & Segmentation of the Armored Vehicle Market

Vehicle Types: Covers conventional armored vehicles and electric armored vehicles, each with unique implications for infrastructure, emissions, and supply chains.
Vehicle Classifications: Differentiates between combat vehicles (e.g., main battle tanks, infantry fighting vehicles, armored personnel carriers) and combat support vehicles (e.g., command, logistics, recovery, unmanned ground vehicles).
Mobility Solutions: Includes tracked vehicles focusing on off-road performance and wheeled vehicles emphasizing speed and lower maintenance needs.
System Components: Focuses on engines, drive systems, communication and navigation modules, and advanced fire control systems powering mission adaptability.
Application Sectors: Encompasses military and defense, homeland security, law enforcement, and specialized commercial sectors such as VIP and cash-in-transit transport.
Regional Coverage: Segmentation includes the Americas, Europe, Middle East & Africa, and Asia-Pacific, each with distinctive procurement trends and industrial capabilities.

Key Takeaways for Senior Decision-Makers

Adoption of modular architectures enables faster adaptation to evolving operational requirements, improving lifecycle flexibility and cost management.
Integration of digital networks and AI-driven fire control modules is accelerating, supporting greater system interoperability and responsiveness in diverse operational environments.
The emergence of electric propulsion is influencing strategic choices, prompting organizations to reconsider procurement, maintenance, and infrastructure planning for enhanced sustainability and readiness.
Regional priorities are shaping investment, with North America emphasizing system upgrades, Europe focusing on fleet interoperability, and Asia-Pacific expanding indigenous production capabilities.
Strategic alliances between manufacturers, technology firms, and research agencies are fostering collaborative innovation, reducing risk, and enabling rapid development cycles.

Tariff Impact on Supply Chains and Sourcing Strategies

Revised United States tariff regimes enacted in 2025 have increased production costs for imported components vital to armored vehicles, such as advanced electronics and specialized armor. These changes led to a reassessment of sourcing models, with manufacturers shifting to localized partnerships and vertical integration to control expenses and supply chain risk. Defense buyers responded by bundling orders and adopting framework agreements to hedge against cost volatility, prompting industry-wide emphasis on resilience and agile procurement.

Methodology & Data Sources

This analysis draws on trade publications, procurement records, and subject-matter interviews with defense stakeholders and technical experts. Data was triangulated using multiple sources, including contractor databases and validated government budgets, to ensure consistency and reliability throughout all regional and segment assessments.

Why This Report Matters

Provides a comprehensive framework for evaluating market segments, enabling strategic investments aligned with emerging capability needs.
Offers actionable insights on tariff impacts, technology trends, and procurement strategies to inform decisions around supply chain and product development.
Equips executives with region-specific intelligence for market entry, expansion, and competitive positioning in the armored vehicle sector.

Conclusion

Decision-makers in the armored vehicle market face unprecedented shifts in technology, regional dynamics, and regulatory landscapes. This report delivers the clarity and strategic direction essential to navigate new challenges, capitalize on innovation, and build robust, forward-looking operations.

Additional Product Information:

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1. Preface

1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders

2. Research Methodology

2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations

3. Executive Summary

3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap

4. Market Overview

4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy

5. Market Insights

5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025

8. Armored Vehicle Market, by Type

8.1. Conventional Armored Vehicles
8.2. Electric Armored Vehicles

9. Armored Vehicle Market, by Vehicle Type

9.1. Combat Support Vehicles
9.1.1. Armored Command & Control Vehicles
9.1.2. Armored Supply Trucks
9.1.3. Repair & Recovery Vehicles
9.1.4. Unmanned Armored Ground Vehicles
9.2. Combat Vehicles
9.2.1. Armored Personnel Carrier (APC)
9.2.2. Infantry Fighting Vehicles (IFV)
9.2.3. Light Protected Vehicles (LPV)
9.2.4. Main Battle Tanks (MBT)
9.2.5. Mine-resistant Ambush Protected (MRAP)
9.2.6. Tactical Vehicle

10. Armored Vehicle Market, by Mobility

10.1. Tracked
10.2. Wheeled

11. Armored Vehicle Market, by System

11.1. Communication Systems
11.2. Drive Systems
11.3. Engines
11.4. Fire Control Systems (FCS)
11.5. Navigation Systems

12. Armored Vehicle Market, by Application

12.1. Law Enforcement & Homeland Security
12.2. Military & Defense Operations
12.3. VIP & Cash-in-Transit Transport

13. Armored Vehicle Market, by Region

13.1. Americas
13.1.1. North America
13.1.2. Latin America
13.2. Europe, Middle East & Africa
13.2.1. Europe
13.2.2. Middle East
13.2.3. Africa
13.3. Asia-Pacific

14. Armored Vehicle Market, by Group

14.1. ASEAN
14.2. GCC
14.3. European Union
14.4. BRICS
14.5. G7
14.6. NATO

15. Armored Vehicle Market, by Country

15.1. United States
15.2. Canada
15.3. Mexico
15.4. Brazil
15.5. United Kingdom
15.6. Germany
15.7. France
15.8. Russia
15.9. Italy
15.10. Spain
15.11. China
15.12. India
15.13. Japan
15.14. Australia
15.15. South Korea

16. United States Armored Vehicle Market
17. China Armored Vehicle Market

18. Competitive Landscape

18.1. Market Concentration Analysis, 2025
18.1.1. Concentration Ratio (CR)
18.1.2. Herfindahl Hirschman Index (HHI)
18.2. Recent Developments & Impact Analysis, 2025
18.3. Product Portfolio Analysis, 2025
18.4. Benchmarking Analysis, 2025
18.5. Arquus Defense
18.6. ARTAN Armored Vehicles LLC
18.7. BAE Systems PLC
18.8. BMC Otomotiv Sanayi ve Ticarest AS
18.9. Denel SOC Ltd.
18.10. Elbit Systems Ltd.
18.11. FNSS Savunma Sistemleri A.S.
18.12. General Dynamics Corporation
18.13. Hanwha Corporation
18.14. Hyundai Rotem Company
18.15. INKAS Armored Vehicle Manufacturing
18.16. International Armored Group
18.17. IVECO Defence Vehicles
18.18. Lockheed Martin Corporation
18.19. NIMR Automotive
18.20. Paramount Group
18.21. Patria Group
18.22. Rheinmetall AG
18.23. RTX Corporation
18.24. Saab AB
18.25. STREIT Group
18.26. Textron Inc.
18.27. The Armored Group, LLC
18.28. WELP Group

List of Figures

FIGURE 1. GLOBAL ARMORED VEHICLE MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL ARMORED VEHICLE MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL ARMORED VEHICLE MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL ARMORED VEHICLE MARKET SIZE, BY TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL ARMORED VEHICLE MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL ARMORED VEHICLE MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 12. UNITED STATES ARMORED VEHICLE MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 13. CHINA ARMORED VEHICLE MARKET SIZE, 2018-2032 (USD MILLION)

List of Tables

TABLE 1. GLOBAL ARMORED VEHICLE MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL ARMORED VEHICLE MARKET SIZE, BY CONVENTIONAL ARMORED VEHICLES, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL ARMORED VEHICLE MARKET SIZE, BY CONVENTIONAL ARMORED VEHICLES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL ARMORED VEHICLE MARKET SIZE, BY CONVENTIONAL ARMORED VEHICLES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ELECTRIC ARMORED VEHICLES, BY REGION, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ELECTRIC ARMORED VEHICLES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ELECTRIC ARMORED VEHICLES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, BY REGION, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ARMORED COMMAND & CONTROL VEHICLES, BY REGION, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ARMORED COMMAND & CONTROL VEHICLES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ARMORED COMMAND & CONTROL VEHICLES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ARMORED SUPPLY TRUCKS, BY REGION, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ARMORED SUPPLY TRUCKS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ARMORED SUPPLY TRUCKS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL ARMORED VEHICLE MARKET SIZE, BY REPAIR & RECOVERY VEHICLES, BY REGION, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL ARMORED VEHICLE MARKET SIZE, BY REPAIR & RECOVERY VEHICLES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL ARMORED VEHICLE MARKET SIZE, BY REPAIR & RECOVERY VEHICLES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL ARMORED VEHICLE MARKET SIZE, BY UNMANNED ARMORED GROUND VEHICLES, BY REGION, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL ARMORED VEHICLE MARKET SIZE, BY UNMANNED ARMORED GROUND VEHICLES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL ARMORED VEHICLE MARKET SIZE, BY UNMANNED ARMORED GROUND VEHICLES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, BY REGION, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ARMORED PERSONNEL CARRIER (APC), BY REGION, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ARMORED PERSONNEL CARRIER (APC), BY GROUP, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ARMORED PERSONNEL CARRIER (APC), BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL ARMORED VEHICLE MARKET SIZE, BY INFANTRY FIGHTING VEHICLES (IFV), BY REGION, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL ARMORED VEHICLE MARKET SIZE, BY INFANTRY FIGHTING VEHICLES (IFV), BY GROUP, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL ARMORED VEHICLE MARKET SIZE, BY INFANTRY FIGHTING VEHICLES (IFV), BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL ARMORED VEHICLE MARKET SIZE, BY LIGHT PROTECTED VEHICLES (LPV), BY REGION, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL ARMORED VEHICLE MARKET SIZE, BY LIGHT PROTECTED VEHICLES (LPV), BY GROUP, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL ARMORED VEHICLE MARKET SIZE, BY LIGHT PROTECTED VEHICLES (LPV), BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MAIN BATTLE TANKS (MBT), BY REGION, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MAIN BATTLE TANKS (MBT), BY GROUP, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MAIN BATTLE TANKS (MBT), BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MINE-RESISTANT AMBUSH PROTECTED (MRAP), BY REGION, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MINE-RESISTANT AMBUSH PROTECTED (MRAP), BY GROUP, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MINE-RESISTANT AMBUSH PROTECTED (MRAP), BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL ARMORED VEHICLE MARKET SIZE, BY TACTICAL VEHICLE, BY REGION, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL ARMORED VEHICLE MARKET SIZE, BY TACTICAL VEHICLE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL ARMORED VEHICLE MARKET SIZE, BY TACTICAL VEHICLE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL ARMORED VEHICLE MARKET SIZE, BY TRACKED, BY REGION, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL ARMORED VEHICLE MARKET SIZE, BY TRACKED, BY GROUP, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL ARMORED VEHICLE MARKET SIZE, BY TRACKED, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL ARMORED VEHICLE MARKET SIZE, BY WHEELED, BY REGION, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL ARMORED VEHICLE MARKET SIZE, BY WHEELED, BY GROUP, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL ARMORED VEHICLE MARKET SIZE, BY WHEELED, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMMUNICATION SYSTEMS, BY REGION, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMMUNICATION SYSTEMS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COMMUNICATION SYSTEMS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL ARMORED VEHICLE MARKET SIZE, BY DRIVE SYSTEMS, BY REGION, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL ARMORED VEHICLE MARKET SIZE, BY DRIVE SYSTEMS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL ARMORED VEHICLE MARKET SIZE, BY DRIVE SYSTEMS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ENGINES, BY REGION, 2018-2032 (USD MILLION)
TABLE 63. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ENGINES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 64. GLOBAL ARMORED VEHICLE MARKET SIZE, BY ENGINES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 65. GLOBAL ARMORED VEHICLE MARKET SIZE, BY FIRE CONTROL SYSTEMS (FCS), BY REGION, 2018-2032 (USD MILLION)
TABLE 66. GLOBAL ARMORED VEHICLE MARKET SIZE, BY FIRE CONTROL SYSTEMS (FCS), BY GROUP, 2018-2032 (USD MILLION)
TABLE 67. GLOBAL ARMORED VEHICLE MARKET SIZE, BY FIRE CONTROL SYSTEMS (FCS), BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 68. GLOBAL ARMORED VEHICLE MARKET SIZE, BY NAVIGATION SYSTEMS, BY REGION, 2018-2032 (USD MILLION)
TABLE 69. GLOBAL ARMORED VEHICLE MARKET SIZE, BY NAVIGATION SYSTEMS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 70. GLOBAL ARMORED VEHICLE MARKET SIZE, BY NAVIGATION SYSTEMS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 71. GLOBAL ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 72. GLOBAL ARMORED VEHICLE MARKET SIZE, BY LAW ENFORCEMENT & HOMELAND SECURITY, BY REGION, 2018-2032 (USD MILLION)
TABLE 73. GLOBAL ARMORED VEHICLE MARKET SIZE, BY LAW ENFORCEMENT & HOMELAND SECURITY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 74. GLOBAL ARMORED VEHICLE MARKET SIZE, BY LAW ENFORCEMENT & HOMELAND SECURITY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 75. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MILITARY & DEFENSE OPERATIONS, BY REGION, 2018-2032 (USD MILLION)
TABLE 76. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MILITARY & DEFENSE OPERATIONS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 77. GLOBAL ARMORED VEHICLE MARKET SIZE, BY MILITARY & DEFENSE OPERATIONS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 78. GLOBAL ARMORED VEHICLE MARKET SIZE, BY VIP & CASH-IN-TRANSIT TRANSPORT, BY REGION, 2018-2032 (USD MILLION)
TABLE 79. GLOBAL ARMORED VEHICLE MARKET SIZE, BY VIP & CASH-IN-TRANSIT TRANSPORT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 80. GLOBAL ARMORED VEHICLE MARKET SIZE, BY VIP & CASH-IN-TRANSIT TRANSPORT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 81. GLOBAL ARMORED VEHICLE MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 82. AMERICAS ARMORED VEHICLE MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 83. AMERICAS ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 84. AMERICAS ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 85. AMERICAS ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 86. AMERICAS ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 87. AMERICAS ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 88. AMERICAS ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 89. AMERICAS ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 90. NORTH AMERICA ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 91. NORTH AMERICA ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 92. NORTH AMERICA ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 93. NORTH AMERICA ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 94. NORTH AMERICA ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 95. NORTH AMERICA ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 96. NORTH AMERICA ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 97. NORTH AMERICA ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 98. LATIN AMERICA ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 99. LATIN AMERICA ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 100. LATIN AMERICA ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 101. LATIN AMERICA ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 102. LATIN AMERICA ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 103. LATIN AMERICA ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 104. LATIN AMERICA ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 105. LATIN AMERICA ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 106. EUROPE, MIDDLE EAST & AFRICA ARMORED VEHICLE MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 107. EUROPE, MIDDLE EAST & AFRICA ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 108. EUROPE, MIDDLE EAST & AFRICA ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 109. EUROPE, MIDDLE EAST & AFRICA ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 110. EUROPE, MIDDLE EAST & AFRICA ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 111. EUROPE, MIDDLE EAST & AFRICA ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 112. EUROPE, MIDDLE EAST & AFRICA ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 113. EUROPE, MIDDLE EAST & AFRICA ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 114. EUROPE ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 115. EUROPE ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 116. EUROPE ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 117. EUROPE ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 118. EUROPE ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 119. EUROPE ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 120. EUROPE ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 121. EUROPE ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 122. MIDDLE EAST ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 123. MIDDLE EAST ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 124. MIDDLE EAST ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 125. MIDDLE EAST ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 126. MIDDLE EAST ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 127. MIDDLE EAST ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 128. MIDDLE EAST ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 129. MIDDLE EAST ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 130. AFRICA ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 131. AFRICA ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 132. AFRICA ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 133. AFRICA ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 134. AFRICA ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 135. AFRICA ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 136. AFRICA ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 137. AFRICA ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 138. ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 139. ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 140. ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 141. ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 142. ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 143. ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 144. ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 145. ASIA-PACIFIC ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 146. GLOBAL ARMORED VEHICLE MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 147. ASEAN ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 148. ASEAN ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 149. ASEAN ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 150. ASEAN ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 151. ASEAN ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 152. ASEAN ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 153. ASEAN ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 154. ASEAN ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 155. GCC ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 156. GCC ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 157. GCC ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 158. GCC ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 159. GCC ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 160. GCC ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 161. GCC ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 162. GCC ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 163. EUROPEAN UNION ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 164. EUROPEAN UNION ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 165. EUROPEAN UNION ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 166. EUROPEAN UNION ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 167. EUROPEAN UNION ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 168. EUROPEAN UNION ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 169. EUROPEAN UNION ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 170. EUROPEAN UNION ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 171. BRICS ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 172. BRICS ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 173. BRICS ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 174. BRICS ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 175. BRICS ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 176. BRICS ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 177. BRICS ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 178. BRICS ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 179. G7 ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 180. G7 ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 181. G7 ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 182. G7 ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 183. G7 ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 184. G7 ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 185. G7 ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 186. G7 ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 187. NATO ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 188. NATO ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 189. NATO ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 190. NATO ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 191. NATO ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 192. NATO ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 193. NATO ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 194. NATO ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 195. GLOBAL ARMORED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 196. UNITED STATES ARMORED VEHICLE MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 197. UNITED STATES ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 198. UNITED STATES ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 199. UNITED STATES ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 200. UNITED STATES ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 201. UNITED STATES ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 202. UNITED STATES ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 203. UNITED STATES ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 204. CHINA ARMORED VEHICLE MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 205. CHINA ARMORED VEHICLE MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 206. CHINA ARMORED VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 207. CHINA ARMORED VEHICLE MARKET SIZE, BY COMBAT SUPPORT VEHICLES, 2018-2032 (USD MILLION)
TABLE 208. CHINA ARMORED VEHICLE MARKET SIZE, BY COMBAT VEHICLES, 2018-2032 (USD MILLION)
TABLE 209. CHINA ARMORED VEHICLE MARKET SIZE, BY MOBILITY, 2018-2032 (USD MILLION)
TABLE 210. CHINA ARMORED VEHICLE MARKET SIZE, BY SYSTEM, 2018-2032 (USD MILLION)
TABLE 211. CHINA ARMORED VEHICLE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Armored Vehicle market report include:

Arquus Defense
ARTAN Armored Vehicles LLC
BAE Systems PLC
BMC Otomotiv Sanayi ve Ticarest AS
Denel SOC Ltd.
Elbit Systems Ltd.
FNSS Savunma Sistemleri A.Ş.
General Dynamics Corporation
Hanwha Corporation
Hyundai Rotem Company
INKAS Armored Vehicle Manufacturing
International Armored Group
IVECO Defence Vehicles
Lockheed Martin Corporation
NIMR Automotive
Paramount Group
Patria Group
Rheinmetall AG
RTX Corporation
Saab AB
STREIT Group
Textron Inc.
The Armored Group, LLC
WELP Group

Table Information

Report Attribute	Details
No. of Pages	197
Published	January 2026
Forecast Period	2026 - 2032
Estimated Market Value ( USD ) in 2026	$ 49.14 Billion
Forecasted Market Value ( USD ) by 2032	$ 66.46 Billion
Compound Annual Growth Rate	5.1%
Regions Covered	Global
No. of Companies Mentioned	25

License	Properties	Price
SINGLE USER LICENSE PDF, Excel and Online Access	This is a single user license, allowing one user access to the product.	€3471EUR$3,939USD£3,022GBP
1 - 5 USER LICENSE PDF, Excel and Online Access	This is a 1-5 user license, allowing up to five users have access to the product.	€3745EUR$4,249USD£3,259GBP
SITE LICENSE PDF, Excel and Online Access	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€5075EUR$5,759USD£4,418GBP
ENTERPRISE LICENSE PDF, Excel and Online Access	This is an enterprise license, allowing all employees within your organization access to the product.	€6142EUR$6,969USD£5,346GBP

Armored Vehicle Market - Global Forecast 2026-2032

Market Snapshot: Armored Vehicle Market Growth and Dynamics

Scope & Segmentation of the Armored Vehicle Market

Key Takeaways for Senior Decision-Makers

Tariff Impact on Supply Chains and Sourcing Strategies

Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

Market Snapshot: Armored Vehicle Market Growth and Dynamics

Scope & Segmentation of the Armored Vehicle Market

Key Takeaways for Senior Decision-Makers

Tariff Impact on Supply Chains and Sourcing Strategies

Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

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About the Armored Vehicle Market