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Global Military Armored Vehicles and Counter-IED Vehicles Market 2019-2023

Global Military Armored Vehicles and Counter-IED Vehicles Market 2019-2023

About this market

Integration of Directed Energy Weapons (DEW) to drive market demand. The race for achieving military dominance has intensified due to the emergence of advanced weapons capabilities of advanced nations such as the US and Russia. Such technologies include hypersonic missiles, hypersonic rail guns, and DEW. DEWs are devices that emit highly focused energy such as laser, microwave, electromagnetic radiation, radio waves, sound or particle beams. Technavio’s analysts have predicted that the military armored vehicles and counter-IED vehicles market will register a CAGR of over 4% by 2023.

Market Overview

Ongoing digitization of battlefield operations

Battlefield digitization means a system wherein the components are integrated into the force. Evaluated, acquired, and updated together to the maximum extent possible. The introduction of information-based weapon systems capable of providing combat vehicle crews with effective firepower and knowledge base to coordinate and employ both on-board and external sensors and weapons will change the current tactics, techniques and procedures of the military.

Short effective life of new technologies

The pace of technological development is revolutionizing warfare and improvements in weaponry have resulted in strategic deployment and precise attacks being carried out as per requirement and carry the potential to change the balance of power. Although the fast-paced adoption of technology is often considered to offer a tactical advantage to the deploying forces, the advantage is short-lived as there is always a chance of the opponent developing and adopting a better one.

For the detailed list of factors that will drive and challenge the growth of the military armored vehicles and counter-IED vehicles market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including BAE Systems and General Dynamics the competitive environment is quite intense. Factors such as the integration of Directed Energy Weapons (DEW) and the ongoing digitization of battlefield operations, will provide considerable growth opportunities to military armored vehicles and counter-IED vehicles manufactures. BAE Systems, General Dynamics, Lockheed Martin, OSHKOSH DEFENSE, Rheinmetall Defence, and Rostec are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global aerospace and defense market
      • Table Segments of global aerospace and defense market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Infantry fighting vehicle (IFV) - Market size and forecast 2018-2023
      • Table Infantry fighting vehicle (IFV) - Market size and forecast 2018-2023 ($ billions)
      • Table Infantry fighting vehicle (IFV) - Year-over-year growth 2019-2023 (%)
    • Armored personnel carrier (APC) - Market size and forecast 2018-2023
      • Table Armored personnel carrier (APC) - Market size and forecast 2018-2023 ($ billions)
      • Table Armored personnel carrier (APC) - Year-over-year growth 2019-2023 (%)
    • Main battle tank (MBT) - Market size and forecast 2018- 2023
      • Table Main battle tank (MBT) - Market size and forecast 2018-2023 ($ billions)
      • Table Main battle tank (MBT) - Year-over-year growth 2019-2023 (%)
    • Self-propelled howitzer (SPH) - Market size and forecast 2018-2023
      • Table Self-propelled howitzer (SPH) - Market size and forecast 2018-2023 ($ billions)
      • Table Self-propelled howitzer (SPH) - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ billions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Middle East and Africa - Market size and forecast 2018-2023
      • Table Middle East and Africa - Market size and forecast 2018-2023 ($ billions)
      • Table Middle East and Africa - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Advent of hybrid drivetrains in MRAPs
    • Adoption of active camouflage
    • Integration of Directed Energy Weapons (DEW)
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BAE Systems
      • Table BAE Systems - Vendor overview
      • Table BAE Systems - Business segments
      • Table BAE Systems - Organizational developments
      • Table BAE Systems - Geographic focus
      • Table BAE Systems - Segment focus
      • Table BAE Systems - Key offerings
      • Table BAE Systems - Key customers
    • General Dynamics
      • Table General Dynamics - Vendor overview
      • Table General Dynamics - Business segments
      • Table General Dynamics - Organizational developments
      • Table General Dynamics - Geographic focus
      • Table General Dynamics - Segment focus
      • Table General Dynamics - Key offerings
      • Table General Dynamics - Key customers
    • Lockheed Martin
      • Table Lockheed Martin - Vendor overview
      • Table Lockheed Martin - Business segments
      • Table Lockheed Martin - Organizational developments
      • Table Lockheed Martin - Geographic focus
      • Table Lockheed Martin - Segment focus
      • Table Lockheed Martin - Key offerings
      • Table Lockheed Martin - Key customers
    • OSHKOSH DEFENSE
      • Table OSHKOSH DEFENSE - Vendor overview
      • Table OSHKOSH DEFENSE - Product segments
      • Table OSHKOSH DEFENSE - Organizational developments
      • Table OSHKOSH DEFENSE - Key offerings
      • Table OSHKOSH DEFENSE - Key customers
    • Rheinmetall Defence
      • Table Rheinmetall Defence - Vendor overview
      • Table Rheinmetall Defence - Business segments
      • Table Rheinmetall Defence - Organizational developments
      • Table Rheinmetall Defence - Geographic focus
      • Table Rheinmetall Defence - Segment focus
      • Table Rheinmetall Defence - Key offerings
      • Table Rheinmetall Defence - Key customers
    • Rostec
      • Table Rostec - Vendor overview
      • Table Rostec - Business segments
      • Table Rostec - Organizational developments
      • Table Rostec - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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