The Armored Vehicle market was valued at $29,108.2 Million in 2025, and is projected to reach $36,012.0 Million by 2032 growing at a CAGR of 3.14% from 2026 to 2032. Asia-Pacific is expected to be the highest contributor to this market, with $8,805.2 Million in 2025, and is anticipated to reach $12,545.6 Million by 2032, registering a CAGR of 5.23%. Asia-Pacific and North America collectively expected to account for about 58.7% share of the Armored Vehicle market in 2025, with the former constituting around 30.3% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 5.23% and 2.57% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 56.5% in the overall Armored Vehicle market in 2025, and is anticipated to reach 60.1% by 2032.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook