U.S. Armored Vehicle Market Databank

The U.S. Armored Vehicle market was valued at $6,709.4 Million in 2025, and is projected to reach $7,748.6 Million by 2032 growing at a CAGR of 2.11% from 2026 to 2032. MBT segment is expected to be the highest contributor to this market, with $1,982.0 Million in 2025, and is anticipated to reach $2,301.6 Million by 2032, registering a CAGR of 2.19%. APC segment is anticipated to reach $1,034.7 Million by 2032 with the highest CAGR of 2.51%. MBT and IFV segments collectively expected to account for about 53.3% share of the U.S. Armored Vehicle market in 2025, with the former constituting around 29.5% share. APC and MRAP segments are expected to witness significant growth rates at a CAGR of 2.51% and 2.31% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 24.8% in the overall U.S. Armored Vehicle market in 2025, and is anticipated to reach 25.3% by 2032.