Global Armored Vehicle Market

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Defense armored vehicles are specialized military assets designed to provide protection and mobility to armed forces in various combat and operational scenarios. These vehicles are equipped with advanced armor, technology, and weaponry to withstand hostile environments and threats. Defense armored vehicles are essential assets that enhance the mobility, protection, and firepower of armed forces. They are a cornerstone of modern military operations, adapting to dynamic threats and evolving technology while contributing to the success of ground-based missions

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Global Armored Vehicle Market Forecast & Market Size (In Value/ USD (Million/ Billion))
Global Armored Vehicle Market Forecast & Market Size (In Volume/ Units)
Country Wise Armored Vehicle Market Forecast & Market Size (In Value/ USD (Million/ Billion))
Country Wise Armored Vehicle Market Forecast & Market Size (In Volume/ Units ‘000)

Description

Global Armored Vehicle Market

Frequently Asked Questions of Armored Vehicle Market

  • How much is the armored vehicles market worth?
    In 2023 the market is estimated to be worth $19.89 billion
  • Which is the leading segment in the armored vehicles market?
    The leading segment is the Main Battle Tank
  • What is the key trend in the armored vehicles market?
    Some of the key trends include Active protection systems,
  • What is the difference between a tank and an armored vehicle?
    Tanks have a higher caliber gun that can destroy other tanks.
  • An armored VIP car is a popular term used to describe a civilian military vehicle. Its design maximizes the occupants’ ballistic protection from potential threats. Bulletproof glass and armor plates are two essential materials utilized in the construction of civilian armored vehicles.

    A civilian armored car is built on the frame of a commercial vehicle. They are produced by adding a ballistic protective layer to an existing model of an armored civilian vehicle. Several commercial OEMs create armored car variants as part of their standard product line. Commercially available armored vehicles include the Audi Security Vehicles (models A6 and A8), BMW Security Series (3 Series, 5 Series, 7 Series, and X5 models), and Mercedes-Benz Guard Vehicles (E, ML, GL, G, and S Class).

     

    Major factors driving Armored Vehicle Market Growth

    The demand for armored cars has increased as a result of the increase in extremist threats and insurgencies among civilians. Upper-middle-class people form a key clientele for the overall addressable market for military armored vehicles due to the altered market landscape. The market for armored automobiles has grown due to the increasing demand for security solutions across transportation platforms according to armored vehicles market analysis and armored vehicles market reports. As per armored vehicles market trends, it is noted that one key factor which is known to affect the market growth for this sector is the rising propensity of crime. When the said armored cars come into the possession of adversaries they can cause massive destruction. For instance, as of 2022, it was noted that the Haitian police lost control of their armored car briefly. The armed vehicle was sent to control gangs.

    Trends influencing the Armored Vehicles Market Size

    APAC is one of the major market niches in the global market for civil armored vehicles when examining the regional competitive landscape. One of the main drivers for this industry is expected to be the rising need for civilian safety, which will also be fueled by the region’s extraordinarily high crime rate. Additionally, the emergence of urban combat has expanded the market for armored vehicles to include military personnel.

     

    Armored Vehicles Market Forecast & Dynamics

    Another important market for military armored vehicles is North America. Sub-regions with higher crime rates than the rest of the area include Baltimore, Detroit, Memphis, and Saint Louis. It should be mentioned that between FY 2020 and FY 2021, sales of the 5 Series and 7 Series increased by a respective amount of 32.6% and 37.5%, according to BMW sales in North America. In 2021, BMW sold 7,706 7-Series cars. BMW sold 6,443 7-Series vehicles in 2020. They sold 1,263 more units in 2021 than they did in 2020, for a 19.6% YoY increase. Another armored vehicle that has been popular in the North American market is the X5. In 2021, BMW sold 60,725 X5s. BMW sold 50,642 X5s in 2020. They sold 10,083 more items in 2021 than in 2020, for a 19.91% YoY increase in sales. BMW sold 21,078 X5s in Q3 2022 and around 56,604 X5s throughout 2022.

     

    Armored Vehicle Market Analysis for Recent Developments

    Audi announced plans to increase production in India as of 2021. This strategic decision was taken to lower the high import duties imposed on civilian-military vehicles. Popular models for Audi that have been in production within India since this strategic decision include Audi A4 Sedan, Audi A6 Sedan, Audi Q5, and Audi Q7. The Audi Q5 is produced in Aurangabad, India since October 2021. The company plans on developing a strong footprint for armored cars within the Indian market owing to the economic stance of this nation. The carmaker plans on expanding its product line up during the coming decade, thus increasing competitiveness within the Civilian Armored Vehicles Market. The company also initiated the production of Q5 SUVs in the year 2022. Along with the Q5, A4, and A6, the Q7 will be Audi’s fourth made-in-India vehicle and makeup roughly 80% of its sales in India. This decision was also anticipated to increase electric car production within India.

    To boost New Delhi’s deterrent against China, the United States has agreed to co-produce the Stryker armored battle vehicle with India. According to Nikkei, a US defense official, New Delhi recently presented a letter of intent for the transaction to Washington. Details will be worked out in the future, according to the outlet. The majority of the vehicles made in India will be placed along India’s border with China, which saw confrontations between the two military in 2020, according to Bloomberg. According to the site, some of the trucks will also be stationed along India’s western border with Pakistan. New Delhi is looking for thousands of Strykers, the majority of which are outfitted with anti-tank guns. The rest would be in charge of reconnaissance and leadership. The General Dynamics vehicle is available in a variety of configurations, including infantry transport and medical and engineering support. For improved lethality, a 30mm cannon was recently fitted to the wheeled vehicle, and a directed energy weapon is being incorporated for short-range air defense.

     

    Armored Vehicle Market - Table of Contents

    Armored Vehicle Market Report Definition           

     

    Armored Vehicle Market Segmentation 

    – By Region

    – By Type

    – By Mobility

    – By Components

     

    Armored Vehicle Market Analysis for next 10 Years

    The 10-year armored vehicle market  analysis would give a detailed overview of armored vehicle market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

     

    Market Technologies of Armored Vehicle Market

    This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

     

    Global Armored Vehicle Market Forecast  

    The 10-year armored vehicle market forecast of this market is covered in detailed across the segments which are mentioned above.

     

    Regional Armored Vehicle Market Trends & Forecast

    The regional armored vehicle market  trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking. The current market size is estimated based on the normal scenario.

     

    North America

    – Drivers, Restraints and Challenges

    – PEST

    – Market Forecast & Scenario Analysis

    – Key Companies

    – Supplier Tier Landscape

    – Company Benchmarking

    Europe

    Middle East

    APAC

    South America

     

    Country Analysis of Armored Vehicle Market

    This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

     

    US

    – Defense Programs

    – Latest News

    – Patents

    – Current levels of technology maturation in this market

    – Market Forecast & Scenario Analysis

    Canada

    Italy

    France

    Germany

    Netherlands

    Belgium

    Spain

    Sweden

    Greece

    Australia

    South Africa

    India

    China

    Russia

    South Korea

    Japan

    Malaysia

    Singapore

    Brazil

     

    Opportunity Matrix for Armored Vehicle Market

    The opportunity matrix helps the readers understand the high opportunity segments in this market.

     

    Expert Opinions on Armored Vehicle Market Report

    Hear from our experts their opinion of the possible analysis for this market.

    Conclusions

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    Armored Vehicle Market - Countries Covered

    US

    Canada

    Italy

    France

    Germany

    Netherlands

    Belgium

    Spain

    Sweden

    Greece

    Australia

    South Africa

    India

    China

    Russia

    South Korea

    Japan

    Malaysia

    Singapore

    Brazil

    Armored Vehicle Market - Regions Covered

    North America

    South America

    Europe

    Middle East

    Asia

    Armored Vehicle Market Segments

    By Region

    By Type

    By Mobility

    By Components

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