Global Armored Vehicles Market 2022-2026

Global Armored Vehicles Market 2022-2026

Technavio has been monitoring the armored vehicles market and it is poised to grow by $5.4 bn during 2022-2026, accelerating at a CAGR of 5.6% during the forecast period. Our report on the armored vehicles market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising incidences of asymmetric warfare globally, the development and procurement of advanced technologies, and an increase in defense spending.

The armored vehicles market analysis includes the type segment and geographic landscape.

Technavio's armored vehicles market is segmented as below:

By Type

  • Wheeled
  • Tracked
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • South America
  • The Middle East and Africa
This study identifies the increased adoption of unmanned combat ground vehicles as one of the prime reasons driving the armored vehicles market growth during the next few years. Also, innovation and technological advancement and rising global security issues will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the armored vehicles market covers the following areas:
  • Armored vehicles market sizing
  • Armored vehicles market forecast
  • Armored vehicles market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading armored vehicles market vendors that include BAE Systems Plc, China North Industries Group Co. Ltd., Denel SOC Ltd., FNSS Savunma Sistemleri A.S., General Dynamics Corp., INKAS Armored Vehicle Manufacturing, International Armored Group, Iveco Group N.V, Krauss Maffei Wegmann GmbH and Co. KG, Lenco Industries Inc., Lockheed Martin Corp., Oshkosh Corp., Otokar Otomotiv ve Savunma Sanayi AS, Patria Group, Rheinmetall AG, STREIT Group, Textron Inc., Thales Group, Traton SE, and Elbit Systems Ltd. Also, the armored vehicles market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Mobility Type
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market: Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by Mobility Type
    • Market segments
      • Table Chart on Mobility Type - Market share 2021-2026 (%)
      • Table Data Table on Mobility Type - Market share 2021-2026 (%)
    • Comparison by Mobility Type
      • Table Chart on Comparison by Mobility Type
      • Table Data Table on Comparison by Mobility Type
    • Wheeled - Market size and forecast 2021-2026
      • Table Chart on Wheeled - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Wheeled - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Wheeled - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Wheeled - Year-over-year growth 2021-2026 (%)
    • Tracked - Market size and forecast 2021-2026
      • Table Chart on Tracked - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Tracked - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Tracked - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Tracked - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Mobility Type
      • Table Market opportunity by Mobility Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • Germany - Market size and forecast 2021-2026
      • Table Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • Canada - Market size and forecast 2021-2026
      • Table Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • Italy - Market size and forecast 2021-2026
      • Table Chart on Italy - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Italy - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • Japan - Market size and forecast 2021-2026
      • Table Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Rising incidences of asymmetric warfare globally
      • Development and procurement of advanced technologies
    • Market challenges
      • High costs of main battle tanks
      • Stringent safety and regulatory policies
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • Market trends
      • Increased adoption of unmanned combat ground vehicles
      • Innovation and technological advancement
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • BAE Systems Plc
      • Table BAE Systems Plc - Overview
      • Table BAE Systems Plc - Business segments
      • Table BAE Systems Plc - Key offerings
      • Table BAE Systems Plc - Segment focus
    • China North Industries Group Co. Ltd.
      • Table China North Industries Group Co. Ltd. - Overview
      • Table China North Industries Group Co. Ltd. - Product / Service
      • Table China North Industries Group Co. Ltd. - Key offerings
    • Denel SOC Ltd.
      • Table Denel SOC Ltd. - Overview
      • Table Denel SOC Ltd. - Business segments
      • Table Denel SOC Ltd. - Key offerings
      • Table Denel SOC Ltd. - Segment focus
    • General Dynamics Corp.
      • Table General Dynamics Corp. - Overview
      • Table General Dynamics Corp. - Business segments
      • Table General Dynamics Corp. - Key news
      • Table General Dynamics Corp. - Key offerings
      • Table General Dynamics Corp. - Segment focus
    • Iveco Group N.V
      • Table Iveco Group N.V - Overview
      • Table Iveco Group N.V - Business segments
      • Table Iveco Group N.V - Key offerings
      • Table Iveco Group N.V - Segment focus
    • Krauss Maffei Wegmann GmbH and Co. KG
      • Table Krauss Maffei Wegmann GmbH and Co. KG - Overview
      • Table Krauss Maffei Wegmann GmbH and Co. KG - Product / Service
      • Table Krauss Maffei Wegmann GmbH and Co. KG - Key offerings
    • Oshkosh Corp.
      • Table Oshkosh Corp. - Overview
      • Table Oshkosh Corp. - Business segments
      • Table Oshkosh Corp. - Key offerings
      • Table Oshkosh Corp. - Segment focus
    • Otokar Otomotiv ve Savunma Sanayi AS
      • Table Otokar Otomotiv ve Savunma Sanayi AS - Overview
      • Table Otokar Otomotiv ve Savunma Sanayi AS - Product / Service
      • Table Otokar Otomotiv ve Savunma Sanayi AS - Key offerings
    • Rheinmetall AG
      • Table Rheinmetall AG - Overview
      • Table Rheinmetall AG - Business segments
      • Table Rheinmetall AG - Key news
      • Table Rheinmetall AG - Key offerings
      • Table Rheinmetall AG - Segment focus
    • Textron Inc.
      • Table Textron Inc. - Overview
      • Table Textron Inc. - Business segments
      • Table Textron Inc. - Key news
      • Table Textron Inc. - Key offerings
      • Table Textron Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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