The North America Armored Vehicle market was valued at $8,266.7 Million in 2025, and is projected to reach $9,681.3 Million by 2032 growing at a CAGR of 2.32% from 2026 to 2032. MBT segment is expected to be the highest contributor to this market, with $2,446.9 Million in 2025, and is anticipated to reach $2,882.3 by 2032, registering a CAGR of 2.40%. APC segment is anticipated to reach $1,296.1 Million by 2032 with the highest CAGR of 2.72%. MBT and IFV segments collectively expected to account for about 53.4% share of the North America Armored Vehicle market in 2025, with the former constituting around 29.6% share. APC and MRAP segments are expected to witness significant growth rates at a CAGR of 2.72% and 2.51% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 24.8% in the overall North America Armored Vehicle market in 2025, and is anticipated to reach 25.4% by 2032.
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