Armored Vehicle Market Size To Reach $26.79 Billion By 2022
The global armored vehicle market is expected to reach USD 26.79 billion by 2022, according to a new report by Grand View Research, Inc. Increasing defense expenditure worldwide to improve military capabilities is expected to contribute to revenue growth. Rising internal and external terrorism activity worldwide is expected to drive industry demand over the forecast period. Technology advancements such as unmanned vehicles are expected to fuel market growth. Increased focus of government such as India, China and the U.S. will contribute to industry growth. According to Department of Industrial Policy & Promotion (DIPP) Indian government is expected to make investment of USD 130 billion on defense forces and additional USD 110 billion on homeland security over the next seven years. Rising unrest or civil war such as civil war in Iraq may also drive the armored vehicle market. Companies are continuously investing in R&D to drive new technology and products. Enhanced fuel efficiency and protection are key aspects for future development. Budget limitations and macroeconomic conditions may delay the ongoing or future development over the forecast period. View summary of this report analysis/armored-vehicle-market
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U.S. armored vehicle market by product, 2012 – 2022 (USD Million)
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Armored vehicle - Industry snapshot and key buying criteria, 2012 - 2022 Chapter 3. Armored Vehicle Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects 3.3. Armored vehiclevalue chain analysis 3.3.1. Vendor landscape 3.4. Armored vehiclemarket dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis 3.5. Key opportunities prioritized 3.6. Industry analysis - Porter's 3.7. Company market share, 2014 3.7.1. Company strategy overview 3.8. Armored Vehicle market PESTEL analysis, 2014 Chapter 4. Armored Vehicle Product Outlook 4.1. Armored vehicle market share by product, 2014 & 2022
4.2. Armored Personnel Carriers (APC) 4.2.1. Global market estimates and forecasts, 2012 - 2022 4.3. Infantry Fighting Vehicles (IFV) 4.3.1. Global market estimates and forecasts, 2012 - 2022 4.4. Light Protected Vehicles (LPV) 4.4.1. Global market estimates and forecasts, 2012 - 2022 4.5. Main Battle Tanks (MBT) 4.5.1. Global market estimates and forecasts, 2012 - 2022 4.6. Mine-resistant Ambush Protected (MRAP) 4.6.1. Global market estimates and forecasts, 2012 - 2022 4.7. Tactical trucks 4.7.1. Global market estimates and forecasts, 2012 - 2022 4.8. Others 4.8.1. Global market estimates and forecasts, 2012 - 2022 Chapter 5. Armored Vehicle ApplicationOutlook 5.1. Armored vehicle market share by application, 2014 & 2022 5.2. Defense 5.2.1. Global market estimates and forecasts, 2012 - 2022 5.3. Homeland security 5.3.1. Global market estimates and forecasts, 2012 - 2022 5.4. Commercial 5.4.1. Global market estimates and forecasts, 2012 - 2022 Chapter 6. Armored Vehicle Regional Outlook 6.1. Armored vehicle market share by region, 2014 & 2022 6.2. North America 6.2.1. Armored vehicle market by product, 2012 - 2022 6.2.2. Armored vehicle market by application, 2012 - 2022 6.2.3. U.S. 6.2.3.1. Armored vehicle market by product, 2012 - 2022 6.2.3.2. Armored vehicle market by application, 2012 - 2022 6.2.4. Canada 6.2.4.1. Armored vehicle market by product, 2012 - 2022 6.2.4.2. Armored vehicle market by application, 2012 - 2022 6.3. Europe 6.3.1. Armored vehicle market by product, 2012 - 2022 6.3.2. Armored vehicle market by application, 2012 - 2022 6.3.3. UK 6.3.3.1. Armored vehicle market by product, 2012 - 2022 6.3.3.2. Armored vehicle market by application, 2012 - 2022
6.3.4. Germany 6.3.4.1. Armored vehicle market by product, 2012 - 2022 6.3.4.2. Armored vehicle market by application, 2012 - 2022 6.3.5. Russia 6.3.5.1. Armored vehicle market by product, 2012 - 2022 6.3.5.2. Armored vehicle market by application, 2012 - 2022 6.4. Asia Pacific 6.4.1. Armored vehicle market by product, 2012 - 2022 6.4.2. Armored vehicle market by application, 2012 - 2022 6.4.3. China 6.4.3.1. Armored vehicle market by product, 2012 - 2022 6.4.3.2. Armored vehicle market by application, 2012 - 2022 6.4.4. Japan 6.4.4.1. Armored vehicle market by product, 2012 - 2022 6.4.4.2. Armored vehicle market by application, 2012 - 2022 6.4.5. India 6.4.5.1. Armored vehicle market by product, 2012 - 2022 6.4.5.2. Armored vehicle market by application, 2012 - 2022 6.5. Latin America 6.5.1. Armored vehicle market by product, 2012 - 2022 6.5.2. Armored vehicle market by application, 2012 - 2022 6.5.3. Brazil 6.5.3.1. Armored vehicle market by product, 2012 - 2022 6.5.3.2. Armored vehicle market by application, 2012 - 2022 6.5.4. Mexico 6.5.4.1. Armored vehicle market by product, 2012 - 2022 6.5.4.2. Armored vehicle market by application, 2012 - 2022 6.6. Middle East & Africa 6.6.1. Armored vehicle market by product, 2012 - 2022 6.6.2. Armored vehicle market by application, 2012 - 2022 6.6.3. Saudi Arabia 6.6.3.1. Armored vehicle market by product, 2012 - 2022 6.6.3.2. Armored vehicle market by application, 2012 - 2022 6.6.4. UAE 6.6.4.1. Armored vehicle market by product, 2012 - 2022 6.6.4.2. Armored vehicle market by application, 2012 - 2022 Chapter 7. Competitive Landscape 7.1. BAE Systems 7.1.1. Company Overview
7.1.2. Financial Performance 7.1.3. Product Benchmarking 7.1.4. Strategic Initiatives 7.2. Elbit Systems 7.2.1. Company Overview 7.2.2. Financial Performance 7.2.3. Product Benchmarking 7.2.4. Strategic Initiatives 7.3. General Dynamics Corporation 7.3.1. Company Overview 7.3.2. Financial Performance 7.3.3. Product Benchmarking 7.3.4. Strategic Initiatives 7.4. INKAS 7.4.1. Company Overview 7.4.2. Financial Performance 7.4.3. Product Benchmarking 7.4.4. Strategic Initiatives 7.5. International Armored Group 7.5.1. Company Overview 7.5.2. Financial Performance 7.5.3. Product Benchmarking 7.5.4. Strategic Initiatives 7.6. Iveco 7.6.1. Company Overview 7.6.2. Financial Performance 7.6.3. Product Benchmarking 7.6.4. Strategic Initiatives 7.7. Krauss-MaffeiWegmann 7.7.1. Company Overview 7.7.2. Financial Performance 7.7.3. Product Benchmarking 7.7.4. Strategic Initiatives 7.8. Lenco Industries, Inc 7.8.1. Company Overview 7.8.2. Financial Performance 7.8.3. Product Benchmarking 7.8.4. Strategic Initiatives 7.9. Lockheed Martin
7.9.1. Company Overview 7.9.2. Financial Performance 7.9.3. Product Benchmarking 7.9.4. Strategic Initiatives 7.10. Navistar International Corporation 7.10.1. Company Overview 7.10.2. Financial Performance 7.10.3. Product Benchmarking 7.10.4. Strategic Initiatives 7.11. Oshkosh Defense 7.11.1. Company Overview 7.11.2. Financial Performance 7.11.3. Product Benchmarking 7.11.4. Strategic Initiatives 7.12. Rheinmetall Ag 7.12.1. Company Overview 7.12.2. Financial Performance 7.12.3. Product Benchmarking 7.12.4. Strategic Initiatives 7.13. STAT Industry 7.13.1. Company Overview 7.13.2. Financial Performance 7.13.3. Product Benchmarking 7.13.4. Strategic Initiatives 7.14. Textron, Inc. 7.14.1. Company Overview 7.14.2. Financial Performance 7.14.3. Product Benchmarking 7.14.4. Strategic Initiatives 7.15. Thales Group 7.15.1. Company Overview 7.15.2. Financial Performance 7.15.3. Product Benchmarking 7.15.4. Strategic Initiatives Browse full report @ http://www.grandviewresearch.com/industry-analysis/armoredvehicle-market
List of Tables 1. Armored vehicle- Industry snapshot and key buying criteria, 2012 - 2022 2. Global armored vehiclemarket (USD Million), 2012 - 2022 3. Global armored vehiclemarket by region (USD Million), 2012 - 2022 4. Global market demand by product, (USD Million), 2012 - 2022 5. Global market demand by application,, 2012 - 2022 (USD Million) 6. Armored vehicle– Key market driver impact 7. Armored vehicle– Key market restraint impact 8. Armored personnel carriers demand (USD Million), 2012 -2022 9. Global armored personnel carriers by region, 2012 - 2022 (USD Million) 10. Infantry fighting vehicle demands, 2012 - 2022 (USD Million) 11. Global infantry fighting vehicle demand by region, 2012 - 2022 (USD Million) 12. Light protected vehicle demand, 2012 - 2022 (USD Million) 13. Global light protected vehicle demand by region, 2012 - 2022 (USD Million) 14. Main battle tanks demand, 2012 - 2022 (USD Million) 15. Global main battle tanks demand by region, 2012 - 2022 (USD Million) 16. Mine-resistant ambush protected demand, 2012 - 2022 (USD Million) 17. Global mine-resistant ambush protected demand by region, 2012 - 2022 (USD Million) 18. Tactical trucks demand, 2012 - 2022 (USD Million) 19. Global tactical trucks demand by region, 2012 - 2022 (USD Million) 20. Others armored vehicle demand, 2012 - 2022 (USD Million) 21. Global others armored vehicle demand by region, 2012 - 2022 (USD Million) 22. Armored vehicle demand in defense sector, 2012 - 2022 (USD Million) 23. Global armored vehicle demand in defense sector by region, 2012 - 2022 (USD Million) 24. Armored vehicle demand in homeland security, 2012 - 2022 (USD Million) 25. Global armored vehicle demand in homeland security by region, 2012 - 2022 (USD Million) 26. Commercial armored vehicle demand, 2012 - 2022 (USD Million) 27. Global commercial armored vehicle demand by region, 2012 - 2022 (USD Million) 28. North America market by product, 2012 - 2022 (USD Million) 29. North America market by application, 2012 - 2022 (USD Million) 30. U.S. marketdemand by product, 2012 - 2022 (USD Million) 31. U.S. demand by application, 2012 - 2022 (USD Million) 32. Canada market by product, 2012 - 2022 (USD Million) 33. Canada market by application, 2012 - 2022 (USD Million) 34. Europe market by product, 2012 - 2022 (USD Million) 35. Europe market by application, 2012 - 2022 (USD Million) 36. Germany market by product, 2012 - 2022 (USD Million) 37. Germany market by application, 2012 - 2022 (USD Million) 38. UK market by product, 2012 - 2022 (USD Million) 39. UK market by application, 2012 - 2022 (USD Million) 40. Russia market by product, 2012 - 2022 (USD Million) 41. Russia market by application, 2012 - 2022 (USD Million) 42. Asia Pacific market by product, 2012 - 2022 (USD Million) 43. Asia Pacific market by application, 2012 - 2022 (USD Million)
44. China market by product, 2012 - 2022 (USD Million) 45. China market by application, 2012 - 2022 (USD Million) 46. India market by product, 2012 - 2022 (USD Million) 47. India market by application, 2012 - 2022 (USD Million) 48. Japan market by product, 2012 - 2022 (USD Million) 49. Japan market by application, 2012 - 2022 (USD Million) 50. Latin America market by product, 2012 - 2022 (USD Million) 51. Latin America market by application, 2012 - 2022 (USD Million) 52. Brazil market by product, 2012 - 2022 (USD Million) 53. Brazil market by application, 2012 - 2022 (USD Million) 54. Mexico market by product, 2012 - 2022 (USD Million) 55. Mexico market by application, 2012 - 2022 (USD Million) 56. MEA market by product, 2012 - 2022 (USD Million) 57. MEA market by application, 2012 - 2022 (USD Million) 58. Saudi Arabia market by product, 2012 - 2022 (USD Million) 59. Saudi Arabia market by application, 2012 - 2022 (USD Million) 60. UAE market by product, 2012 - 2022 (USD Million) 61. UAE market by application, 2012 - 2022 (USD Million)
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List of Figures 1. Armored vehicle market segmentation 2. Global armored vehiclemarket,, 2012 - 2022 (USD Million) 3. Armored vehiclevalue chain analysis 4. Armored vehicle market dynamics 5. Key Opportunities Prioritized 6. Armored vehicle- Porter’s analysis 7. Armored vehiclecompany market share analysis, 2014 8. Armored vehicle PESTEL analysis 9. Armored vehicle market revenue share by product, 2014 & 2022 10. Armored vehicledemand by product (USD Million) 2012 - 2022 11. Armored personnel carriers demand, 2012 - 2022 (USD Million) 12. Infantry fighting vehicles demand, 2012 - 2022 (USD Million) 13. Light rotected vehicle demand, 2012 - 2022 (USD Million) 14. Main battle tanks demand, 2012 - 2022 (USD Million) 15. Mine-resistant ambush protected demand, 2012 - 2022 (USD Million) 16. Tactical trucks demand, 2012 - 2022 (USD Million) 17. Others armored vehicle demand, 2012 - 2022 (USD Million) 18. Armored vehicledemand by application (USD Million) 2012 - 2022 19. Armored vehicle demand in defense sector, 2012 - 2022 (USD Million)
20. Armored vehciel demand in homeland security, 2012 - 2022 (USD Million) 21. Commercial armored vehicle demand, 2012 - 2022 (USD Million) 22. Armored vehicle market volume share by region, 2014 & 2022 23. North America market by product, 2012 - 2022 (USD Million) 24. North America market by application, 2012 - 2022 (USD Million) 25. U.S. market demand by product, 2012 - 2022 (USD Million) 26. U.S. demand by application, 2012 - 2022 (USD Million) 27. Canada market by product, 2012 - 2022 (USD Million) 28. Canada market by application, 2012 - 2022 (USD Million) 29. Europe market by product, 2012 - 2022 (USD Million) 30. Europe market by application, 2012 - 2022 (USD Million) 31. Germany market by product, 2012 - 2022 (USD Million) 32. Germany market by application, 2012 - 2022 (USD Million) 33. UK market by product, 2012 - 2022 (USD Million) 34. UK market by application, 2012 - 2022 (USD Million) 35. Russia market by product, 2012 - 2022 (USD Million) 36. Russia market by application, 2012 - 2022 (USD Million) 37. Asia Pacific market by product, 2012 - 2022 (USD Million) 38. Asia Pacific market by application, 2012 - 2022 (USD Million) 39. China market by product, 2012 - 2022 (USD Million) 40. China market by application, 2012 - 2022 (USD Million) 41. India market by product, 2012 - 2022 (USD Million) 42. India market by application, 2012 - 2022 (USD Million) 43. Japan market by product, 2012 - 2022 (USD Million) 44. Japan market by application, 2012 - 2022 (USD Million) 45. Latin America market by product, 2012 - 2022 (USD Million) 46. Latin America market by application, 2012 - 2022 (USD Million) 47. Brazil market by product, 2012 - 2022 (USD Million) 48. Brazil market by application, 2012 - 2022 (USD Million) 49. Mexico market by product, 2012 - 2022 (USD Million) 50. Mexico market by application, 2012 - 2022 (USD Million) 51. MEA market by product, 2012 - 2022 (USD Million) 52. MEA market by application, 2012 - 2022 (USD Million) 53. Saudi Arabia market by product, 2012 - 2022 (USD Million) 54. Saudi Arabia market by application, 2012 - 2022 (USD Million) 55. UAE market by product, 2012 - 2022 (USD Million) 56. UAE market by application, 2012 - 2022 (USD Million)
Further key findings from the report suggest: 
APC is key product segment and estimated to grow at a CAGR of 2.5% from 2015 to 2022. They are primarily used for safer deployment of infantry to battle fields or high threat areas and can be distinguished from IFVs based on the weapons they carry.
Principally, APCs are not intended to take part in direct-fire battle, but are armored to provide protection from shrapnel and small arms fire and armed for self-defense. Mineresistant ambush protected (MRAP) market is expected to growth at a CAGR of over 2.5%. Armored vehicles can be used to enhance defense capabilities, maintain homeland security, and for commercial applications. Homeland security works to prevent terrorist attacks with the country, reduce the vulnerability to terrorism, and minimize the damage from attacks that do occur. Asia Pacific armored vehicle market is estimated to be the key regional segment and accounted for over 30% of the overall revenue share in 2014. Rising defense budget of countries and increase in border or terrorism threats in Asia Pacific is expected to contribute to regional growth over the forecast period. North America armored vehicle market is estimated to hold over 25% of overall revenue share by 2022. This industry is highly competitive, key industry participants include BAE Systems, General Dynamics Corporation, Elbit Systems, INKAS, International Armored Group, Krauss-Maffei Wegmann, Iveco, Rheinmetall Ag, Lenco Industries, Inc, and Lockheed Martin. In September 2015, BAE Systems announced that it delivered the first production series ARCHER artillery system to the Swedish Defense Materiel Administration (FMV). Lenco Industries’ Bearcat and BEAR are used as military counter attack and rescue automobile; they are also used as patrol automobile on a military base or in urban environment.
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Grand View Research has segmented the armored vehicle market on the basis of product, application, and region: Armored Vehicle Product Outlook (Revenue, USD Million, 2012 – 2022)
Armored Personnel Carriers (APC) Infantry Fighting Vehicle (IFV) Light Protected Vehicle (LPV) Main Battle Tanks (MBT) Mine-Resistant Ambush Protected (MRAP) Tactical Trucks Others
Armored Vehicle Application Outlook (Revenue, USD Million, 2012 – 2022)
Defense Homeland Security Commercial
Armored Vehicle Regional Outlook (Revenue, USD Million, 2012 – 2022)
North America Europe Asia Pacific Latin America MEA
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