The global armored vehicle market size was valued at USD 25.5 billion in 2018 and is expected to grow at an annual average of 5% from 2021 to 2027. The market has witnessed significant growth with a focus on protecting soldiers from external and internal threats. With increasing awareness of commercial security, it is expected that the demand for various armored vehicles will increase over the forecast period.
A full report of Armored Vehicle Market available at https://www.orionmarketreports.com/armored-vehicles-market/31268/
Key players in the market include BAE Systems; BMW AG; Daimler AG (Mercedes Benz); Elbit Systems; Ford Motor Company; General Dynamics Corporation; INKAS Armored Vehicle Manufacturing; International Armored Group; IVECO; Krauss-Maffei Wegmann GmbH & Co. (KMW); Lenco Industries, Inc.; Lockheed Martin Corporation; Navistar, Inc.; Oshkosh Defense, LLC; Rheinmetall AG; STAT, Inc.; Textron, Inc.; and Thales Group.
Armored Vehicle Market: Segmentation
By Platform
• Combat Vehicles
• Combat Support Vehicles
• Unmanned Armored Ground Vehicles
By Mobility
• Tracked
• Wheeled
• System
• Engine
• Drive System
• Ballistic Armor
• Turret Drive
By Mode of Operation
• Manned
• Unmanned
By Type
• Electric
• Conventional
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