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Armored Vehicle Market Likely to Surpass USD 62.0 Billion by 2035

Report Code: AS-83978  |  Published in: Oct 2025, By MarketGenics  |  Number of pages: 399

A significant study discovering the market avenues on, Armored Vehicle Market Size, Share & Trends Analysis Report by Vehicle Type (Main Battle Tanks (MBTs), Light Armored Vehicles (LAVs), Armored Command & Control Vehicles, Armored Reconnaissance Vehicles, Armored Recovery Vehicles, Self-Propelled Artillery, Armored Ambulances & Support Vehicles, Others, and), Mobility Type, Protection Level, Propulsion/Engine Type, Payload Capacity, Weapon System Integration, Armor Material Type, Crew Capacity, Procurement Type, End-Users X Applications, and Geography (North America, Europe, Asia Pacific, Middle East, Africa, and South America) – Global Industry Data, Trends, and Forecasts, 2025 – 2035A complete report exploring emerging market pathways in the armored vehicle market illuminates revenue acceleration levers—highlighting how scalable product line extensions, targeted new-market entries, and strategic partnerships are poised to drive top-line growth, expand market share

Global Armored Vehicle Market Forecast 2035:

According to the report, the global armored vehicle market is likely to grow from USD 38.8 Billion in 2025 to USD 62.0 Billion in 2035 at a highest CAGR of 4.8% during the time period. The global armored vehicles market is growing exponentially, due to modernization initiatives, technological innovations, and increased military expenditures in various locations. As an example, the U.S. Department of Defense has also spent a lot of money in upgrading the M1A2 Abrams fleet by adding better armor, high-tech targeting systems, and mobility, which guarantees superiority on the battlefield.

Similarly, the modernization program of the Leopard 2 in Germany is aimed at boosting the firepower, situational awareness and survivability of NATO missions. Artificial intelligence and autonomous navigation is applied in technological advances like Rheinmetall, Mission Master unmanned ground vehicles to aid in reconnaissance and logistics due to the increasing demand in an all-purpose and intelligent armored platform. Additionally, the increasing geopolitical tensions, asymmetric warfare and border security issues are also fueling the acquisition of multi-purpose and highly survivable vehicles. Hybrid-electric propulsion and modular designs are also under consideration by manufacturers to enhance fuel efficiency and versatility in various terrain to meet the sustainability and operational efficiency targets.

“Key Driver, Restraint, and Growth Opportunity Shaping the Global Armored Vehicle Market

The growing requirement of quick reaction forces and missions in various environments is creating demand of all-purpose armoured carriers. As an example, JLTV platforms of Oshoosh Defense are both highly mobile and highly protective, being able to deploy quickly in the city, desert, and mountainous environments. It is able to provide mission preparedness and flexibility of operation.

Armored vehicles demand high-tech materials, electronic specialized products, and weapon systems, and have high cost of production and maintenance. Limited purchasing and slow procurement cycles can be hampered by smaller budgets on defense spending on the emerging economies and logistical difficulties keeping the systems available in remote locations.

Increasing insecurity challenges in Asia-Pacific, Middle East, and Africa are availing frontiers to the armored vehicle makers. Firms such as Hanwha Defense and Paramount Group are launching both affordable and customized platforms to these areas to allow superior defense and generate new business streams in the growing economies.

Regional Analysis of Global Armored Vehicle Market

  • North America has the highest demand of armored vehicles because the U.S has many modernization programs and well-structured military facilities. As an example, General Dynamics is modernizing the M1A2 Abrams fleet to have improved armor, AI-controlled targeting, and mobility, to satisfy the changing operational needs and to be mobile to fight in multi-theaters. Effective defense budgets and ever-inventive strategies cement the market control in the region. The constant demand and market leadership is based on the strong strategic investments and technological improvement of North America.
  • The Asian Pacific region is witnessing a booming growth due to the development by regional insecurities, military fleet modernization, and the pursuit of multi-role armored vehicles by the various countries such as India, South Korea, and Japan to enhance the military strength.
  • The modernization efforts and modernization of the existing platforms of Europe is led by NATO, including the Leopard 2 designed by Germany and the Leclerc designed by France, which increases the combat readiness and the interoperability of the allied forces.

Prominent players operating in the global armored vehicle market are Ashok Leyland Defence, BAE Systems plc, Denel Vehicle Systems, Elbit Systems Ltd., FNSS Savunma Sistemleri A.Ş., General Dynamics Corporation, Hanwha Defense, Iveco Defence Vehicles, KamAZ, Leonardo S.p.A., Lockheed Martin Corporation, Navistar Defense, Norinco, Paramount Group, Rafael Advanced Defense Systems, Rheinmetall AG, ST Engineering, Tata Advanced Systems Limited (TASL), Thales Group, and Other Key Players.

The global Armored Vehicle market has been segmented as follows:

Global Armored Vehicle Market Analysis, by Vehicle Type

  • Main Battle Tanks (MBTs)
    • Infantry Fighting Vehicles (IFVs)
    • Armored Personnel Carriers (APCs)
    • Mine-Resistant Ambush Protected (MRAP) Vehicles
    • Others
  • Light Armored Vehicles (LAVs)
  • Armored Command & Control Vehicles
  • Armored Reconnaissance Vehicles
  • Armored Recovery Vehicles
  • Self-Propelled Artillery
  • Armored Ambulances & Support Vehicles
  • Others

Global Armored Vehicle Market Analysis, by Mobility Type

  • Wheeled Armored Vehicles
  • Tracked Armored Vehicles
  • Hybrid Mobility Systems
  • Amphibious Armored Vehicles

Global Armored Vehicle Market Analysis, by Protection Level

  • Level I
  • Level II
  • Level III
  • Level IV
  • Level V & VI
  • NBC (Nuclear, Biological, Chemical) Protected Vehicles

Global Armored Vehicle Market Analysis, by Propulsion/Engine Type

  • Diesel Engine
  • Gasoline Engine
  • Hybrid-Electric Propulsion

Global Armored Vehicle Market Analysis, by Payload Capacity

  • Light (<10 tons)
  • Medium (10-25 tons)
  • Heavy (25-50 tons)
  • Super-Heavy (>50 tons)

Global Armored Vehicle Market Analysis, by Weapon System Integration

  • Unarmed Armored Vehicles
  • Light Weapon Systems
  • Heavy Weapon Systems
  • Missile Launch Systems Integrated
  • Remote Weapon Stations (RWS)

Global Armored Vehicle Market Analysis, by Armor Material Type

  • Steel Armor
  • Composite Armor
  • Ceramic Armor
  • Reactive Armor
  • Modular Armor Systems
  • Advanced Lightweight Materials

Global Armored Vehicle Market Analysis, by Crew Capacity

  • 2-3 Personnel
  • 4-6 Personnel
  • 7-10 Personnel
  • 11+ Personnel

Global Armored Vehicle Market Analysis, by Procurement Type

  • New Production/Fresh Orders
  • Modernization & Upgrades
  • Life Extension Programs
  • Refurbishment & Remanufacturing

Global Armored Vehicle Market Analysis, by End-Users X Applications

  • Defense & Military
    • Combat Operations
    • Peacekeeping Missions
    • Border Patrol & Security
    • Military Base Protection
    • Convoy Protection
    • Training & Exercises
    • Troop Transport
    • Others
  • Law Enforcement & Internal Security
    • SWAT/Tactical Operations
    • Riot Control & Civil Disturbance
    • Counter-Terrorism Operations
    • VIP/High-Value Target Protection
    • Hostage Rescue Operations
    • Prison Transport
    • Others
  • Commercial & Private Security
    • Cash-in-Transit (CIT) Services
    • VIP/Executive Protection
    • High-Risk Area Personnel Transport
    • Private Military Contractors
    • Oil & Gas Facility Protection
    • Others
  • Government & Civilian Agencies
    • Diplomatic Convoys
    • Emergency Response
    • Hazardous Material Transport
    • Government Official Transport
    • Critical Asset Transport
    • Others
  • Paramilitary & Homeland Security
    • National Guard Operations
    • Coast Guard Patrol
    • Border Protection Forces
    • Others
  • Other End-users

Global Armored Vehicle Market Analysis, by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
  • South America

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Table of Contents

  • 1. Research Methodology and Assumptions
    • 1.1. Definitions
    • 1.2. Research Design and Approach
    • 1.3. Data Collection Methods
    • 1.4. Base Estimates and Calculations
    • 1.5. Forecasting Models
      • 1.5.1. Key Forecast Factors & Impact Analysis
    • 1.6. Secondary Research
      • 1.6.1. Open Sources
      • 1.6.2. Paid Databases
      • 1.6.3. Associations
    • 1.7. Primary Research
      • 1.7.1. Primary Sources
      • 1.7.2. Primary Interviews with Stakeholders across Ecosystem
  • 2. Executive Summary
    • 2.1. Global Armored Vehicle Market Outlook
      • 2.1.1. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), and Forecasts, 2021-2035
      • 2.1.2. Compounded Annual Growth Rate Analysis
      • 2.1.3. Growth Opportunity Analysis
      • 2.1.4. Segmental Share Analysis
      • 2.1.5. Geographical Share Analysis
    • 2.2. Market Analysis and Facts
    • 2.3. Supply-Demand Analysis
    • 2.4. Competitive Benchmarking
    • 2.5. Go-to- Market Strategy
      • 2.5.1. Customer/ End-use Industry Assessment
      • 2.5.2. Growth Opportunity Data, 2025-2035
        • 2.5.2.1. Regional Data
        • 2.5.2.2. Country Data
        • 2.5.2.3. Segmental Data
      • 2.5.3. Identification of Potential Market Spaces
      • 2.5.4. GAP Analysis
      • 2.5.5. Potential Attractive Price Points
      • 2.5.6. Prevailing Market Risks & Challenges
      • 2.5.7. Preferred Sales & Marketing Strategies
      • 2.5.8. Key Recommendations and Analysis
      • 2.5.9. A Way Forward
  • 3. Industry Data and Premium Insights
    • 3.1. Global Armored Vehicle Industry Overview, 2025
      • 3.1.1. Aerospace & Defense Industry Ecosystem Analysis
      • 3.1.2. Key Trends for Aerospace & Defense Industry
      • 3.1.3. Regional Distribution for Aerospace & Defense Industry
    • 3.2. Supplier Customer Data
    • 3.3. Technology Roadmap and Developments
    • 3.4. Trade Analysis
      • 3.4.1. Import & Export Analysis, 2025
      • 3.4.2. Top Importing Countries
      • 3.4.3. Top Exporting Countries
    • 3.5. Trump Tariff Impact Analysis
      • 3.5.1. Manufacturer
        • 3.5.1.1. Based on the component & Raw material
      • 3.5.2. Supply Chain
      • 3.5.3. End Consumer
    • 3.6. Raw Material Analysis
  • 4. Market Overview
    • 4.1. Market Dynamics
      • 4.1.1. Drivers
        • 4.1.1.1. Increasing demand for specialty chemicals in automotive, electronics, and construction industries.
        • 4.1.1.2. Growing adoption of sustainable and bio-based materials to meet environmental regulations.
        • 4.1.1.3. Rapid technological advancements in material science enhancing product performance and efficiency.
      • 4.1.2. Restraints
        • 4.1.2.1. Stringent environmental and safety regulations increasing compliance costs.
        • 4.1.2.2. Volatility in raw material prices affecting production and profitability.
    • 4.2. Key Trend Analysis
    • 4.3. Regulatory Framework
      • 4.3.1. Key Regulations, Norms, and Subsidies, by Key Countries
      • 4.3.2. Tariffs and Standards
      • 4.3.3. Impact Analysis of Regulations on the Market
    • 4.4. Value Chain Analysis
    • 4.5. Cost Structure Analysis
      • 4.5.1. Parameter’s Share for Cost Associated
      • 4.5.2. COGP vs COGS
      • 4.5.3. Profit Margin Analysis
    • 4.6. Pricing Analysis
      • 4.6.1. Regional Pricing Analysis
      • 4.6.2. Segmental Pricing Trends
      • 4.6.3. Factors Influencing Pricing
    • 4.7. Porter’s Five Forces Analysis
    • 4.8. PESTEL Analysis
    • 4.9. Global Armored Vehicle Market Demand
      • 4.9.1. Historical Market Size – in Volume (Million Units) and Value (US$ Bn), 2020-2024
      • 4.9.2. Current and Future Market Size - in Volume (Million Units) and Value (US$ Bn), 2025–2035
        • 4.9.2.1. Y-o-Y Growth Trends
        • 4.9.2.2. Absolute $ Opportunity Assessment
  • 5. Competition Landscape
    • 5.1. Competition structure
      • 5.1.1. Fragmented v/s consolidated
    • 5.2. Company Share Analysis, 2025
      • 5.2.1. Global Company Market Share
      • 5.2.2. By Region
        • 5.2.2.1. North America
        • 5.2.2.2. Europe
        • 5.2.2.3. Asia Pacific
        • 5.2.2.4. Middle East
        • 5.2.2.5. Africa
        • 5.2.2.6. South America
    • 5.3. Product Comparison Matrix
      • 5.3.1. Specifications
      • 5.3.2. Market Positioning
      • 5.3.3. Pricing
  • 6. Global Armored Vehicle Market Analysis, by Vehicle Type
    • 6.1. Key Segment Analysis
    • 6.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Vehicle Type, 2021-2035
      • 6.2.1. Main Battle Tanks (MBTs)
        • 6.2.1.1. Infantry Fighting Vehicles (IFVs)
        • 6.2.1.2. Armored Personnel Carriers (APCs)
        • 6.2.1.3. Mine-Resistant Ambush Protected (MRAP) Vehicles
        • 6.2.1.4. Others
      • 6.2.2. Light Armored Vehicles (LAVs)
      • 6.2.3. Armored Command & Control Vehicles
      • 6.2.4. Armored Reconnaissance Vehicles
      • 6.2.5. Armored Recovery Vehicles
      • 6.2.6. Self-Propelled Artillery
      • 6.2.7. Armored Ambulances & Support Vehicles
      • 6.2.8. Others
  • 7. Global Armored Vehicle Market Analysis, by Mobility Type
    • 7.1. Key Segment Analysis
    • 7.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Mobility Type, 2021-2035
  • 8. Global Armored Vehicle Market Analysis, by Protection Level
    • 8.1. Key Segment Analysis
    • 8.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Protection Level, 2021-2035
      • 8.2.1. Level I
      • 8.2.2. Level II
      • 8.2.3. Level III
      • 8.2.4. Level IV
      • 8.2.5. Level V & VI
      • 8.2.6. NBC (Nuclear, Biological, Chemical) Protected Vehicles
  • 9. Global Armored Vehicle Market Analysis, by Propulsion/Engine Type
    • 9.1. Key Segment Analysis
    • 9.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Propulsion/Engine Type, 2021-2035
      • 9.2.1. Diesel Engine
      • 9.2.2. Gasoline Engine
      • 9.2.3. Hybrid-Electric Propulsion
  • 10. Global Armored Vehicle Market Analysis, by Capacity Range
    • 10.1. Key Segment Analysis
    • 10.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Capacity Range, 2021-2035
      • 10.2.1. Small Capacity (Up to 100 passengers)
      • 10.2.2. Medium Capacity (100-300 passengers)
      • 10.2.3. Large Capacity (300-500 passengers)
      • 10.2.4. Extra-large Capacity (Above 500 passengers)
  • 11. Global Armored Vehicle Market Analysis, by Payload Capacity
    • 11.1. Key Segment Analysis
    • 11.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Payload Capacity, 2021-2035
      • 11.2.1. Light (<10 tons)
      • 11.2.2. Medium (10-25 tons)
      • 11.2.3. Heavy (25-50 tons)
      • 11.2.4. Super-Heavy (>50 tons)
  • 12. Global Armored Vehicle Market Analysis, by Weapon System Integration
    • 12.1. Key Segment Analysis
    • 12.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Weapon System Integration, 2021-2035
      • 12.2.1. Unarmed Armored Vehicles
      • 12.2.2. Light Weapon Systems
      • 12.2.3. Heavy Weapon Systems
      • 12.2.4. Missile Launch Systems Integrated
      • 12.2.5. Remote Weapon Stations (RWS)
  • 13. Global Armored Vehicle Market Analysis, by Armor Material Type
    • 13.1. Key Segment Analysis
    • 13.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Armor Material Type, 2021-2035
      • 13.2.1. Steel Armor
      • 13.2.2. Composite Armor
      • 13.2.3. Ceramic Armor
      • 13.2.4. Reactive Armor
      • 13.2.5. Modular Armor Systems
      • 13.2.6. Advanced Lightweight Materials
  • 14. Global Armored Vehicle Market Analysis and Forecasts, by Crew Capacity
    • 14.1. Key Findings
    • 14.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Mn), Analysis, and Forecasts, by Crew Capacity, 2021-2035
      • 14.2.1. 2-3 Personnel
      • 14.2.2. 4-6 Personnel
      • 14.2.3. 7-10 Personnel
      • 14.2.4. 11+ Personnel
  • 15. Global Armored Vehicle Market Analysis and Forecasts, by Procurement Type
    • 15.1. Key Findings
    • 15.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Mn), Analysis, and Forecasts, by Procurement Type, 2021-2035
      • 15.2.1. New Production/Fresh Orders
      • 15.2.2. Modernization & Upgrades
      • 15.2.3. Life Extension Programs
      • 15.2.4. Refurbishment & Remanufacturing
  • 16. Global Armored Vehicle Market Analysis and Forecasts, by End-Users X Applications
    • 16.1. Key Findings
    • 16.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Mn), Analysis, and Forecasts, by End-Users X Applications, 2021-2035
      • 16.2.1. Defense & Military
        • 16.2.1.1. Combat Operations
        • 16.2.1.2. Peacekeeping Missions
        • 16.2.1.3. Border Patrol & Security
        • 16.2.1.4. Military Base Protection
        • 16.2.1.5. Convoy Protection
        • 16.2.1.6. Training & Exercises
        • 16.2.1.7. Troop Transport
        • 16.2.1.8. Others
      • 16.2.2. Law Enforcement & Internal Security
        • 16.2.2.1. SWAT/Tactical Operations
        • 16.2.2.2. Riot Control & Civil Disturbance
        • 16.2.2.3. Counter-Terrorism Operations
        • 16.2.2.4. VIP/High-Value Target Protection
        • 16.2.2.5. Hostage Rescue Operations
        • 16.2.2.6. Prison Transport
        • 16.2.2.7. Others
      • 16.2.3. Commercial & Private Security
        • 16.2.3.1. Cash-in-Transit (CIT) Services
        • 16.2.3.2. VIP/Executive Protection
        • 16.2.3.3. High-Risk Area Personnel Transport
        • 16.2.3.4. Private Military Contractors
        • 16.2.3.5. Oil & Gas Facility Protection
        • 16.2.3.6. Others
      • 16.2.4. Government & Civilian Agencies
        • 16.2.4.1. Diplomatic Convoys
        • 16.2.4.2. Emergency Response
        • 16.2.4.3. Hazardous Material Transport
        • 16.2.4.4. Government Official Transport
        • 16.2.4.5. Critical Asset Transport
        • 16.2.4.6. Others
      • 16.2.5. Paramilitary & Homeland Security
        • 16.2.5.1. National Guard Operations
        • 16.2.5.2. Coast Guard Patrol
        • 16.2.5.3. Border Protection Forces
        • 16.2.5.4. Others
      • 16.2.6. Other End-users
  • 17. Global Armored Vehicle Market Analysis and Forecasts, by Region
    • 17.1. Key Findings
    • 17.2. Armored Vehicle Market Size (Volume - Million Units and Value - US$ Mn), Analysis, and Forecasts, by Region, 2021-2035
      • 17.2.1. North America
      • 17.2.2. Europe
      • 17.2.3. Asia Pacific
      • 17.2.4. Middle East
      • 17.2.5. Africa
      • 17.2.6. South America
  • 18. North America Armored Vehicle Market Analysis
    • 18.1. Key Segment Analysis
    • 18.2. Regional Snapshot
    • 18.3. North America Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 18.3.1. Vehicle Type
      • 18.3.2. Mobility Type
      • 18.3.3. Protection Level
      • 18.3.4. Propulsion/Engine Type
      • 18.3.5. Payload Capacity
      • 18.3.6. Weapon System Integration
      • 18.3.7. Armor Material Type
      • 18.3.8. Crew Capacity
      • 18.3.9. Procurement Type
      • 18.3.10. End-Users X Applications
      • 18.3.11. Country
        • 18.3.11.1. USA
        • 18.3.11.2. Canada
        • 18.3.11.3. Mexico
    • 18.4. USA Armored Vehicle Market
      • 18.4.1. Country Segmental Analysis
      • 18.4.2. Vehicle Type
      • 18.4.3. Mobility Type
      • 18.4.4. Protection Level
      • 18.4.5. Propulsion/Engine Type
      • 18.4.6. Payload Capacity
      • 18.4.7. Weapon System Integration
      • 18.4.8. Armor Material Type
      • 18.4.9. Crew Capacity
      • 18.4.10. Procurement Type
      • 18.4.11. End-Users X Applications
    • 18.5. Canada Armored Vehicle Market
      • 18.5.1. Country Segmental Analysis
      • 18.5.2. Vehicle Type
      • 18.5.3. Mobility Type
      • 18.5.4. Protection Level
      • 18.5.5. Propulsion/Engine Type
      • 18.5.6. Payload Capacity
      • 18.5.7. Weapon System Integration
      • 18.5.8. Armor Material Type
      • 18.5.9. Crew Capacity
      • 18.5.10. Procurement Type
      • 18.5.11. End-Users X Applications
    • 18.6. Mexico Armored Vehicle Market
      • 18.6.1. Country Segmental Analysis
      • 18.6.2. Vehicle Type
      • 18.6.3. Mobility Type
      • 18.6.4. Protection Level
      • 18.6.5. Propulsion/Engine Type
      • 18.6.6. Payload Capacity
      • 18.6.7. Weapon System Integration
      • 18.6.8. Armor Material Type
      • 18.6.9. Crew Capacity
      • 18.6.10. Procurement Type
      • 18.6.11. End-Users X Applications
  • 19. Europe Armored Vehicle Market Analysis
    • 19.1. Key Segment Analysis
    • 19.2. Regional Snapshot
    • 19.3. Europe Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 19.3.1. Vehicle Type
      • 19.3.2. Mobility Type
      • 19.3.3. Protection Level
      • 19.3.4. Propulsion/Engine Type
      • 19.3.5. Payload Capacity
      • 19.3.6. Weapon System Integration
      • 19.3.7. Armor Material Type
      • 19.3.8. Crew Capacity
      • 19.3.9. Procurement Type
      • 19.3.10. End-Users X Applications
      • 19.3.11. Country
        • 19.3.11.1. Germany
        • 19.3.11.2. United Kingdom
        • 19.3.11.3. France
        • 19.3.11.4. Italy
        • 19.3.11.5. Spain
        • 19.3.11.6. Netherlands
        • 19.3.11.7. Nordic Countries
        • 19.3.11.8. Poland
        • 19.3.11.9. Russia & CIS
        • 19.3.11.10. Rest of Europe
    • 19.4. Germany Armored Vehicle Market
      • 19.4.1. Country Segmental Analysis
      • 19.4.2. Vehicle Type
      • 19.4.3. Mobility Type
      • 19.4.4. Protection Level
      • 19.4.5. Propulsion/Engine Type
      • 19.4.6. Payload Capacity
      • 19.4.7. Weapon System Integration
      • 19.4.8. Armor Material Type
      • 19.4.9. Crew Capacity
      • 19.4.10. Procurement Type
      • 19.4.11. End-Users X Applications
    • 19.5. United Kingdom Armored Vehicle Market
      • 19.5.1. Country Segmental Analysis
      • 19.5.2. Vehicle Type
      • 19.5.3. Mobility Type
      • 19.5.4. Protection Level
      • 19.5.5. Propulsion/Engine Type
      • 19.5.6. Payload Capacity
      • 19.5.7. Weapon System Integration
      • 19.5.8. Armor Material Type
      • 19.5.9. Crew Capacity
      • 19.5.10. Procurement Type
      • 19.5.11. End-Users X Applications
    • 19.6. France Armored Vehicle Market
      • 19.6.1. Country Segmental Analysis
      • 19.6.2. Vehicle Type
      • 19.6.3. Mobility Type
      • 19.6.4. Protection Level
      • 19.6.5. Propulsion/Engine Type
      • 19.6.6. Payload Capacity
      • 19.6.7. Weapon System Integration
      • 19.6.8. Armor Material Type
      • 19.6.9. Crew Capacity
      • 19.6.10. Procurement Type
      • 19.6.11. End-Users X Applications
    • 19.7. Italy Armored Vehicle Market
      • 19.7.1. Country Segmental Analysis
      • 19.7.2. Vehicle Type
      • 19.7.3. Mobility Type
      • 19.7.4. Protection Level
      • 19.7.5. Propulsion/Engine Type
      • 19.7.6. Payload Capacity
      • 19.7.7. Weapon System Integration
      • 19.7.8. Armor Material Type
      • 19.7.9. Crew Capacity
      • 19.7.10. Procurement Type
      • 19.7.11. End-Users X Applications
    • 19.8. Spain Armored Vehicle Market
      • 19.8.1. Country Segmental Analysis
      • 19.8.2. Vehicle Type
      • 19.8.3. Mobility Type
      • 19.8.4. Protection Level
      • 19.8.5. Propulsion/Engine Type
      • 19.8.6. Payload Capacity
      • 19.8.7. Weapon System Integration
      • 19.8.8. Armor Material Type
      • 19.8.9. Crew Capacity
      • 19.8.10. Procurement Type
      • 19.8.11. End-Users X Applications
    • 19.9. Netherlands Armored Vehicle Market
      • 19.9.1. Country Segmental Analysis
      • 19.9.2. Vehicle Type
      • 19.9.3. Mobility Type
      • 19.9.4. Protection Level
      • 19.9.5. Propulsion/Engine Type
      • 19.9.6. Payload Capacity
      • 19.9.7. Weapon System Integration
      • 19.9.8. Armor Material Type
      • 19.9.9. Crew Capacity
      • 19.9.10. Procurement Type
      • 19.9.11. End-Users X Applications
    • 19.10. Nordic Countries Armored Vehicle Market
      • 19.10.1. Country Segmental Analysis
      • 19.10.2. Vehicle Type
      • 19.10.3. Mobility Type
      • 19.10.4. Protection Level
      • 19.10.5. Propulsion/Engine Type
      • 19.10.6. Payload Capacity
      • 19.10.7. Weapon System Integration
      • 19.10.8. Armor Material Type
      • 19.10.9. Crew Capacity
      • 19.10.10. Procurement Type
      • 19.10.11. End-Users X Applications
    • 19.11. Poland Armored Vehicle Market
      • 19.11.1. Country Segmental Analysis
      • 19.11.2. Vehicle Type
      • 19.11.3. Mobility Type
      • 19.11.4. Protection Level
      • 19.11.5. Propulsion/Engine Type
      • 19.11.6. Payload Capacity
      • 19.11.7. Weapon System Integration
      • 19.11.8. Armor Material Type
      • 19.11.9. Crew Capacity
      • 19.11.10. Procurement Type
      • 19.11.11. End-Users X Applications
    • 19.12. Russia & CIS Armored Vehicle Market
      • 19.12.1. Country Segmental Analysis
      • 19.12.2. Vehicle Type
      • 19.12.3. Mobility Type
      • 19.12.4. Protection Level
      • 19.12.5. Propulsion/Engine Type
      • 19.12.6. Payload Capacity
      • 19.12.7. Weapon System Integration
      • 19.12.8. Armor Material Type
      • 19.12.9. Crew Capacity
      • 19.12.10. Procurement Type
      • 19.12.11. End-Users X Applications
    • 19.13. Rest of Europe Armored Vehicle Market
      • 19.13.1. Country Segmental Analysis
      • 19.13.2. Vehicle Type
      • 19.13.3. Mobility Type
      • 19.13.4. Protection Level
      • 19.13.5. Propulsion/Engine Type
      • 19.13.6. Payload Capacity
      • 19.13.7. Weapon System Integration
      • 19.13.8. Armor Material Type
      • 19.13.9. Crew Capacity
      • 19.13.10. Procurement Type
      • 19.13.11. End-Users X Applications
  • 20. Asia Pacific Armored Vehicle Market Analysis
    • 20.1. Key Segment Analysis
    • 20.2. Regional Snapshot
    • 20.3. East Asia Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 20.3.1. Vehicle Type
      • 20.3.2. Mobility Type
      • 20.3.3. Protection Level
      • 20.3.4. Propulsion/Engine Type
      • 20.3.5. Payload Capacity
      • 20.3.6. Weapon System Integration
      • 20.3.7. Armor Material Type
      • 20.3.8. Crew Capacity
      • 20.3.9. Procurement Type
      • 20.3.10. End-Users X Applications
      • 20.3.11. Country
        • 20.3.11.1. China
        • 20.3.11.2. India
        • 20.3.11.3. Japan
        • 20.3.11.4. South Korea
        • 20.3.11.5. Australia and New Zealand
        • 20.3.11.6. Indonesia
        • 20.3.11.7. Malaysia
        • 20.3.11.8. Thailand
        • 20.3.11.9. Vietnam
        • 20.3.11.10. Rest of Asia Pacific
    • 20.4. China Armored Vehicle Market
      • 20.4.1. Country Segmental Analysis
      • 20.4.2. Vehicle Type
      • 20.4.3. Mobility Type
      • 20.4.4. Protection Level
      • 20.4.5. Propulsion/Engine Type
      • 20.4.6. Payload Capacity
      • 20.4.7. Weapon System Integration
      • 20.4.8. Armor Material Type
      • 20.4.9. Crew Capacity
      • 20.4.10. Procurement Type
      • 20.4.11. End-Users X Applications
    • 20.5. India Armored Vehicle Market
      • 20.5.1. Country Segmental Analysis
      • 20.5.2. Vehicle Type
      • 20.5.3. Mobility Type
      • 20.5.4. Protection Level
      • 20.5.5. Propulsion/Engine Type
      • 20.5.6. Payload Capacity
      • 20.5.7. Weapon System Integration
      • 20.5.8. Armor Material Type
      • 20.5.9. Crew Capacity
      • 20.5.10. Procurement Type
      • 20.5.11. End-Users X Applications
    • 20.6. Japan Armored Vehicle Market
      • 20.6.1. Country Segmental Analysis
      • 20.6.2. Vehicle Type
      • 20.6.3. Mobility Type
      • 20.6.4. Protection Level
      • 20.6.5. Propulsion/Engine Type
      • 20.6.6. Payload Capacity
      • 20.6.7. Weapon System Integration
      • 20.6.8. Armor Material Type
      • 20.6.9. Crew Capacity
      • 20.6.10. Procurement Type
      • 20.6.11. End-Users X Applications
    • 20.7. South Korea Armored Vehicle Market
      • 20.7.1. Country Segmental Analysis
      • 20.7.2. Vehicle Type
      • 20.7.3. Mobility Type
      • 20.7.4. Protection Level
      • 20.7.5. Propulsion/Engine Type
      • 20.7.6. Payload Capacity
      • 20.7.7. Weapon System Integration
      • 20.7.8. Armor Material Type
      • 20.7.9. Crew Capacity
      • 20.7.10. Procurement Type
      • 20.7.11. End-Users X Applications
    • 20.8. Australia and New Zealand Armored Vehicle Market
      • 20.8.1. Country Segmental Analysis
      • 20.8.2. Vehicle Type
      • 20.8.3. Mobility Type
      • 20.8.4. Protection Level
      • 20.8.5. Propulsion/Engine Type
      • 20.8.6. Payload Capacity
      • 20.8.7. Weapon System Integration
      • 20.8.8. Armor Material Type
      • 20.8.9. Crew Capacity
      • 20.8.10. Procurement Type
      • 20.8.11. End-Users X Applications
    • 20.9. Indonesia Armored Vehicle Market
      • 20.9.1. Country Segmental Analysis
      • 20.9.2. Vehicle Type
      • 20.9.3. Mobility Type
      • 20.9.4. Protection Level
      • 20.9.5. Propulsion/Engine Type
      • 20.9.6. Payload Capacity
      • 20.9.7. Weapon System Integration
      • 20.9.8. Armor Material Type
      • 20.9.9. Crew Capacity
      • 20.9.10. Procurement Type
      • 20.9.11. End-Users X Applications
    • 20.10. Malaysia Armored Vehicle Market
      • 20.10.1. Country Segmental Analysis
      • 20.10.2. Vehicle Type
      • 20.10.3. Mobility Type
      • 20.10.4. Protection Level
      • 20.10.5. Propulsion/Engine Type
      • 20.10.6. Payload Capacity
      • 20.10.7. Weapon System Integration
      • 20.10.8. Armor Material Type
      • 20.10.9. Crew Capacity
      • 20.10.10. Procurement Type
      • 20.10.11. End-Users X Applications
    • 20.11. Thailand Armored Vehicle Market
      • 20.11.1. Country Segmental Analysis
      • 20.11.2. Vehicle Type
      • 20.11.3. Mobility Type
      • 20.11.4. Protection Level
      • 20.11.5. Propulsion/Engine Type
      • 20.11.6. Payload Capacity
      • 20.11.7. Weapon System Integration
      • 20.11.8. Armor Material Type
      • 20.11.9. Crew Capacity
      • 20.11.10. Procurement Type
      • 20.11.11. End-Users X Applications
    • 20.12. Vietnam Armored Vehicle Market
      • 20.12.1. Country Segmental Analysis
      • 20.12.2. Vehicle Type
      • 20.12.3. Mobility Type
      • 20.12.4. Protection Level
      • 20.12.5. Propulsion/Engine Type
      • 20.12.6. Payload Capacity
      • 20.12.7. Weapon System Integration
      • 20.12.8. Armor Material Type
      • 20.12.9. Crew Capacity
      • 20.12.10. Procurement Type
      • 20.12.11. End-Users X Applications
    • 20.13. Rest of Asia Pacific Armored Vehicle Market
      • 20.13.1. Country Segmental Analysis
      • 20.13.2. Vehicle Type
      • 20.13.3. Mobility Type
      • 20.13.4. Protection Level
      • 20.13.5. Propulsion/Engine Type
      • 20.13.6. Payload Capacity
      • 20.13.7. Weapon System Integration
      • 20.13.8. Armor Material Type
      • 20.13.9. Crew Capacity
      • 20.13.10. Procurement Type
      • 20.13.11. End-Users X Applications
  • 21. Middle East Armored Vehicle Market Analysis
    • 21.1. Key Segment Analysis
    • 21.2. Regional Snapshot
    • 21.3. Middle East Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 21.3.1. Vehicle Type
      • 21.3.2. Mobility Type
      • 21.3.3. Protection Level
      • 21.3.4. Propulsion/Engine Type
      • 21.3.5. Payload Capacity
      • 21.3.6. Weapon System Integration
      • 21.3.7. Armor Material Type
      • 21.3.8. Crew Capacity
      • 21.3.9. Procurement Type
      • 21.3.10. End-Users X Applications
      • 21.3.11. Country
        • 21.3.11.1. Turkey
        • 21.3.11.2. UAE
        • 21.3.11.3. Saudi Arabia
        • 21.3.11.4. Israel
        • 21.3.11.5. Rest of Middle East
    • 21.4. Turkey Armored Vehicle Market
      • 21.4.1. Country Segmental Analysis
      • 21.4.2. Vehicle Type
      • 21.4.3. Mobility Type
      • 21.4.4. Protection Level
      • 21.4.5. Propulsion/Engine Type
      • 21.4.6. Payload Capacity
      • 21.4.7. Weapon System Integration
      • 21.4.8. Armor Material Type
      • 21.4.9. Crew Capacity
      • 21.4.10. Procurement Type
      • 21.4.11. End-Users X Applications
    • 21.5. UAE Armored Vehicle Market
      • 21.5.1. Country Segmental Analysis
      • 21.5.2. Vehicle Type
      • 21.5.3. Mobility Type
      • 21.5.4. Protection Level
      • 21.5.5. Propulsion/Engine Type
      • 21.5.6. Payload Capacity
      • 21.5.7. Weapon System Integration
      • 21.5.8. Armor Material Type
      • 21.5.9. Crew Capacity
      • 21.5.10. Procurement Type
      • 21.5.11. End-Users X Applications
    • 21.6. Saudi Arabia Armored Vehicle Market
      • 21.6.1. Country Segmental Analysis
      • 21.6.2. Vehicle Type
      • 21.6.3. Mobility Type
      • 21.6.4. Protection Level
      • 21.6.5. Propulsion/Engine Type
      • 21.6.6. Payload Capacity
      • 21.6.7. Weapon System Integration
      • 21.6.8. Armor Material Type
      • 21.6.9. Crew Capacity
      • 21.6.10. Procurement Type
      • 21.6.11. End-Users X Applications
    • 21.7. Israel Armored Vehicle Market
      • 21.7.1. Country Segmental Analysis
      • 21.7.2. Vehicle Type
      • 21.7.3. Mobility Type
      • 21.7.4. Protection Level
      • 21.7.5. Propulsion/Engine Type
      • 21.7.6. Payload Capacity
      • 21.7.7. Weapon System Integration
      • 21.7.8. Armor Material Type
      • 21.7.9. Crew Capacity
      • 21.7.10. Procurement Type
      • 21.7.11. End-Users X Applications
    • 21.8. Rest of Middle East Armored Vehicle Market
      • 21.8.1. Country Segmental Analysis
      • 21.8.2. Vehicle Type
      • 21.8.3. Mobility Type
      • 21.8.4. Protection Level
      • 21.8.5. Propulsion/Engine Type
      • 21.8.6. Payload Capacity
      • 21.8.7. Weapon System Integration
      • 21.8.8. Armor Material Type
      • 21.8.9. Crew Capacity
      • 21.8.10. Procurement Type
      • 21.8.11. End-Users X Applications
  • 22. Africa Armored Vehicle Market Analysis
    • 22.1. Key Segment Analysis
    • 22.2. Regional Snapshot
    • 22.3. Africa Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 22.3.1. Vehicle Type
      • 22.3.2. Mobility Type
      • 22.3.3. Protection Level
      • 22.3.4. Propulsion/Engine Type
      • 22.3.5. Payload Capacity
      • 22.3.6. Weapon System Integration
      • 22.3.7. Armor Material Type
      • 22.3.8. Crew Capacity
      • 22.3.9. Procurement Type
      • 22.3.10. End-Users X Applications
      • 22.3.11. Country
        • 22.3.11.1. South Africa
        • 22.3.11.2. Egypt
        • 22.3.11.3. Nigeria
        • 22.3.11.4. Algeria
        • 22.3.11.5. Rest of Africa
    • 22.4. South Africa Armored Vehicle Market
      • 22.4.1. Country Segmental Analysis
      • 22.4.2. Vehicle Type
      • 22.4.3. Mobility Type
      • 22.4.4. Protection Level
      • 22.4.5. Propulsion/Engine Type
      • 22.4.6. Payload Capacity
      • 22.4.7. Weapon System Integration
      • 22.4.8. Armor Material Type
      • 22.4.9. Crew Capacity
      • 22.4.10. Procurement Type
      • 22.4.11. End-Users X Applications
    • 22.5. Egypt Armored Vehicle Market
      • 22.5.1. Country Segmental Analysis
      • 22.5.2. Vehicle Type
      • 22.5.3. Mobility Type
      • 22.5.4. Protection Level
      • 22.5.5. Propulsion/Engine Type
      • 22.5.6. Payload Capacity
      • 22.5.7. Weapon System Integration
      • 22.5.8. Armor Material Type
      • 22.5.9. Crew Capacity
      • 22.5.10. Procurement Type
      • 22.5.11. End-Users X Applications
    • 22.6. Nigeria Armored Vehicle Market
      • 22.6.1. Country Segmental Analysis
      • 22.6.2. Vehicle Type
      • 22.6.3. Mobility Type
      • 22.6.4. Protection Level
      • 22.6.5. Propulsion/Engine Type
      • 22.6.6. Payload Capacity
      • 22.6.7. Weapon System Integration
      • 22.6.8. Armor Material Type
      • 22.6.9. Crew Capacity
      • 22.6.10. Procurement Type
      • 22.6.11. End-Users X Applications
    • 22.7. Algeria Armored Vehicle Market
      • 22.7.1. Country Segmental Analysis
      • 22.7.2. Vehicle Type
      • 22.7.3. Mobility Type
      • 22.7.4. Protection Level
      • 22.7.5. Propulsion/Engine Type
      • 22.7.6. Payload Capacity
      • 22.7.7. Weapon System Integration
      • 22.7.8. Armor Material Type
      • 22.7.9. Crew Capacity
      • 22.7.10. Procurement Type
      • 22.7.11. End-Users X Applications
    • 22.8. Rest of Africa Armored Vehicle Market
      • 22.8.1. Country Segmental Analysis
      • 22.8.2. Vehicle Type
      • 22.8.3. Mobility Type
      • 22.8.4. Protection Level
      • 22.8.5. Propulsion/Engine Type
      • 22.8.6. Payload Capacity
      • 22.8.7. Weapon System Integration
      • 22.8.8. Armor Material Type
      • 22.8.9. Crew Capacity
      • 22.8.10. Procurement Type
      • 22.8.11. End-Users X Applications
  • 23. South America Armored Vehicle Market Analysis
    • 23.1. Key Segment Analysis
    • 23.2. Regional Snapshot
    • 23.3. Central and South Africa Armored Vehicle Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 23.3.1. Vehicle Type
      • 23.3.2. Mobility Type
      • 23.3.3. Protection Level
      • 23.3.4. Propulsion/Engine Type
      • 23.3.5. Payload Capacity
      • 23.3.6. Weapon System Integration
      • 23.3.7. Armor Material Type
      • 23.3.8. Crew Capacity
      • 23.3.9. Procurement Type
      • 23.3.10. End-Users X Applications
      • 23.3.11. Country
        • 23.3.11.1. Brazil
        • 23.3.11.2. Argentina
        • 23.3.11.3. Rest of South America
    • 23.4. Brazil Armored Vehicle Market
      • 23.4.1. Country Segmental Analysis
      • 23.4.2. Vehicle Type
      • 23.4.3. Mobility Type
      • 23.4.4. Protection Level
      • 23.4.5. Propulsion/Engine Type
      • 23.4.6. Payload Capacity
      • 23.4.7. Weapon System Integration
      • 23.4.8. Armor Material Type
      • 23.4.9. Crew Capacity
      • 23.4.10. Procurement Type
      • 23.4.11. End-Users X Applications
    • 23.5. Argentina Armored Vehicle Market
      • 23.5.1. Country Segmental Analysis
      • 23.5.2. Vehicle Type
      • 23.5.3. Mobility Type
      • 23.5.4. Protection Level
      • 23.5.5. Propulsion/Engine Type
      • 23.5.6. Payload Capacity
      • 23.5.7. Weapon System Integration
      • 23.5.8. Armor Material Type
      • 23.5.9. Crew Capacity
      • 23.5.10. Procurement Type
      • 23.5.11. End-Users X Applications
    • 23.6. Rest of South America Armored Vehicle Market
      • 23.6.1. Country Segmental Analysis
      • 23.6.2. Vehicle Type
      • 23.6.3. Mobility Type
      • 23.6.4. Protection Level
      • 23.6.5. Propulsion/Engine Type
      • 23.6.6. Payload Capacity
      • 23.6.7. Weapon System Integration
      • 23.6.8. Armor Material Type
      • 23.6.9. Crew Capacity
      • 23.6.10. Procurement Type
      • 23.6.11. End-Users X Applications
  • 24. Key Players/ Company Profile
    • 24.1. Ashok Leyland Defence
      • 24.1.1. Company Details/ Overview
      • 24.1.2. Company Financials
      • 24.1.3. Key Customers and Competitors
      • 24.1.4. Business/ Industry Portfolio
      • 24.1.5. Product Portfolio/ Specification Details
      • 24.1.6. Pricing Data
      • 24.1.7. Strategic Overview
      • 24.1.8. Recent Developments
    • 24.2. BAE Systems plc
    • 24.3. Denel Vehicle Systems
    • 24.4. Elbit Systems Ltd.
    • 24.5. FNSS Savunma Sistemleri A.Ş.
    • 24.6. General Dynamics Corporation
    • 24.7. Hanwha Defense
    • 24.8. Iveco Defence Vehicles
    • 24.9. KamAZ
    • 24.10. Leonardo S.p.A.
    • 24.11. Lockheed Martin Corporation
    • 24.12. Navistar Defense
    • 24.13. Norinco
    • 24.14. Paramount Group
    • 24.15. Rafael Advanced Defense Systems
    • 24.16. Rheinmetall AG
    • 24.17. ST Engineering
    • 24.18. Tata Advanced Systems Limited (TASL)
    • 24.19. Thales Group
    • 24.20. Other Key Players

Note* - This is just tentative list of players. While providing the report, we will cover more number of players based on their revenue and share for each geography

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