Armored Vehicles Market is estimated to grow at a CAGR of over 4.1% During 2023-2028

A comprehensive analysis report on the Global Armored Vehicles Market has been recently released by MarkNtel Advisors, covering the forecast period from 2023 to 2028. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Armored Vehicles Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Armored Vehicles Market Overview:

Base Year: 2022

Forecast Years: 2023-2028

Historical Years: 2018-2021

Market Growth Rate: 4.1% (2023-2028)

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Armored Vehicles Market Segmentation Analysis:

According to MarkNtel study the market is segmented the into the following categories:

By Platform

• Combat Vehicles
  • Main Battle Tanks
  • Infantry Fighting Vehicles
  • Armored Personal Carriers
  • Armored Amphibious Vehicles
  • Mine-Resistant Ambush Protected Vehicles
  • Light Armored Vehicles
  • Others (Self Propelled Howitzers, Air Defence Vehicles, etc.)
• Combat Support Vehicles
  • Armored Supply Trucks
  • Armored Command and Control Vehicles
  • Repair and Recovery Vehicles
  • Others (Bridge laying Tanks, Mine Clearance Vehicles, etc.)
  • Unmanned Armored Ground Vehicles

By System

• Engines
• Turret Drives
• Ammunition Handling Systems
• Fire Control Systems
• Armaments
• Ballistic Armor
• Countermeasure System
• Command and Control System
• Power System
• Others (Navigation System, Observation and Display Systems, etc.)

Among others, Armaments acquired a significant market share in the historical period and are anticipated to follow the same flow in the forecast period, owing to the rising requirement for remote weapon stations, anti-tank guided missile (AGTM) launchers, and other armaments worldwide.

By Type

• Electric
• Conventional

By Mode of Operation

• Manned
• Unmanned

By Mobility

• Wheeled
  • 4X4
  • 6X6
  • 8X8
  • Others (10X10, 12X12, etc.)
• Tracked

By Sales Channel

• OEM
• Retrofit

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By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Globally, North America dominated the market with the largest market share in the historical period owing to the highest military budget of the US government with ongoing modernization research programs, combined with the presence of significant defense and military equipment manufacturer companies.

Armored Vehicles Market Competitive Landscape:

This section competitive landscape covers the top companies’ participants in the Armored Vehicles industry, and their business description, product portfolio, strategic alliances or partnerships, recent developments, financial details analysis from 2023-2028.

Leading Market Player Are:

• L3Harris Technologies, Inc.
• Hanwha Group
• General Dynamics Corporation
• Lockheed Martin Corporation
• Northrop Grumman
• Oshkosh Defense, LLC
• BAE Systems
• Thales Group
• ST Engineering
• Mitsubishi Heavy Industries
• Textron Systems
• Denel Soc Ltd
• FNSS
• Arquus
• Iveco Defence Vehicles
• Others

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Key Report Highlights  

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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