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The global Armoured Vehicles market size was valued at US$ 15.67 billion in 2024 and is projected to reach US$ 23.45 billion by 2030, at a CAGR of 6.9% during the forecast period 2024-2030.
The United States Armoured Vehicles market size was valued at US$ 5.67 billion in 2024 and is projected to US$ 8.23 billion by 2030, at a CAGR of 6.4% during the forecast period 2024-2030.
Military and civilian vehicles with protective armor and defensive capabilities.
The global market is growing steadily, driven by defense modernization programs. In 2023, total production reached 25,000 units, with military applications accounting for 75% of demand. The civilian segment is growing at 7.5% annually. The market saw a 25% increase in demand for advanced protection systems in 2023. Wheeled vehicles dominate with a 65% market share, while tracked vehicles are growing at 5% annually. North America leads with a 40% market share, while Asia Pacific is the fastest-growing region at 7.8% CAGR. The industry is focusing on developing lightweight armor solutions, with a 30% growth in R&D investments.
Report Overview
An armoured fighting vehicle is an armed combat vehicle protected by armour, generally combining operational mobility with offensive and defensive capabilities. AFVs can be wheeled or tracked. Main battle tanks, armoured cars, armoured self-propelled guns, and armoured personnel carriers are all examples of AFVs.
This report provides a deep insight into the global Armoured Vehicles (AV) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Armoured Vehicles (AV) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Armoured Vehicles (AV) market in any manner.
Global Armoured Vehicles (AV) Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Market Segmentation (by Type)
Market Segmentation (by Application)
Geographic Segmentation
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