{"product_id":"armored-vehicles-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Armored Vehicles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eArmored Vehicles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global armored vehicles market size reached US$ 16.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.78% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eArmored vehicles are automobiles specially designed with partial or complete armor plating to withstand explosions and attacks. Armored personal carriers, infantry fighting vehicles, main battle tanks, tactical trucks, buses, limousines, and sedans are common product variants. These vehicles provide high protection against basaltic threats, including missiles, bullets, and improvised explosives devices (IEDs). They are also used to transport military personnel and valuable items, such as money and jewelry. Armored vehicles are often fitted with weapons and a protective shell manufactured from multiple plates of corrosion-resistant steel, steel alloys, or special composite materials. Besides this, they offer better performance and higher reliability and durability to withstand attacks.\u003c\/p\u003e \n\n\u003cp\u003eArmored Vehicles Market Trends:\u003c\/p\u003e\n\n\u003cp\u003eThe increasing product demand from defense forces across the globe is creating a positive outlook for the market. Armored vehicles are used for frontline combat, armed escorting, surveillance, and goods transportation on battlefields. The rising popularity of armored vehicles can also be attributed to the rapid militarization of law enforcement agencies to combat internal security challenges, which, in turn, is acting as another growth-inducing factor. Furthermore, the widespread adoption of armored passenger vehicles for self and family protection, safeguarding public figures, and securing valuable materials due to increasing insurgent activities and rising threat levels is favoring the market growth. Additionally, the integration of an active protection system (APS) that uses launchers, sensors, tracking radar, and countermeasure munitions to automatically detect and counteract incoming threat projectiles is providing an impetus to the market growth. Moreover, the increasing adoption of unmanned variants by defense forces to carry out intelligence, surveillance, and reconnaissance (ISR) and combat operations is propelling the market growth. Other factors, including rising incidences of asymmetric warfare across the globe, increasing military modernization, growing production of modular armored vehicles, and the implementation of various government initiatives toward strengthening the armed forces, are anticipated to drive the market growth.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group provides an analysis of the key trends in each sub-segment of the global armored vehicles market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, system and drive type.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Product:\u003c\/p\u003e\n\n\u003cp\u003eDefense\u003cbr\u003e\nArmored Personnel Carrier (APC)\u003cbr\u003e\nInfantry Fighting Vehicles (IFVs)\u003cbr\u003e\nLight Protected Vehicles (LPVs)\u003cbr\u003e\nMain Battle Tanks (MBTs)\u003cbr\u003e\nMine-resistant Ambush Protected (MRAP)\u003cbr\u003e\nTactical Vehicle\u003cbr\u003e\nOthers\u003cbr\u003e\nCommercial\u003cbr\u003e\nBus\/Van\u003cbr\u003e\nLimousine\u003cbr\u003e\nSedan\u003cbr\u003e\nSUV\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eBreakup by System:\u003c\/p\u003e\n\n\u003cp\u003eEngine\u003cbr\u003e\nDrive System\u003cbr\u003e\nBallistic Armor\u003cbr\u003e\nTurret Drives\u003cbr\u003e\nAmmunition Handling System\u003cbr\u003e\nFire Control Systems (FCS)\u003cbr\u003e\nArmaments\u003cbr\u003e\nCountermeasure System\u003cbr\u003e\nCommand and Control (C2) System\u003cbr\u003e\nPower System\u003cbr\u003e\nNavigation System\u003cbr\u003e\nObservation and Display System\u003cbr\u003e\nHulls\/Frames\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Drive Type:\u003c\/p\u003e\n\n\u003cp\u003eWheeled\u003cbr\u003e\nTracked\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia-Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e\n\n\u003cp\u003eThe competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, INKAS Armored Vehicle Manufacturing, International Armored Group, IVECO, Krauss-Maffei Wegmann GmbH \u0026amp; Co. KG (KMW+Nexter Defense Systems N.V.), Lenco Armored Vehicles Inc, Lockheed Martin Corporation, Oshkosh Defense, LLC (Oshkosh Corporation), Rheinmetall AG and Textron Inc.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\n\u003cp\u003eHow has the global armored vehicles market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global armored vehicles market?\u003cbr\u003e\nWhat are the key regional markets?\u003cbr\u003e\nWhat is the breakup of the market based on the product?\u003cbr\u003e\nWhat is the breakup of the market based on the system?\u003cbr\u003e\nWhat is the breakup of the market based on the drive type?\u003cbr\u003e\nWhat are the various stages in the value chain of the industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the industry?\u003cbr\u003e\nWhat is the structure of the global armored vehicles market and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"February, 2023 \/ 143 Pages \/ MCW16266213","offer_id":47699336757554,"sku":null,"price":3119.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/armored-vehicles-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}