Market Overview:
The global armoured fighting vehicles market is expected to grow at a CAGR of 3.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for armoured fighting vehicles from military and commercial applications across the globe. The global armoured fighting vehicles market by type is segmented into tanks, troop carriers, armored cars, amphibious vehicles, armored engineering vehicle, self-propelled artillery and air defense vehicles. The tanks segment is expected to dominate the global armoured fighting vehicles market in terms of revenue share during the forecast period from 2018 to 2030. This can be attributed to their high demand from militaries across the globe for use in combat operations.
Product Definition:
Armoured Fighting Vehicles (AFVs) are armoured vehicles, typically tanks, that are armed with weapons and used for combat. They are an important part of modern armies and play a significant role in warfare.
Tanks:
Tanks are combat vehicles that are designed for the protection of soldiers and their cargo from attacks by hostile forces. They have a high degree of fortification and can withstand a great deal of damage, which makes them one of the most effective weapons in any military force. The global Tanks market is expected to witness significant growth over the forecast period owing to increasing demand for these vehicles from various end-use industries such as homeland security, emergency response, construction & mining sector among others.
Troop Carriers:
Troop carriers are vehicles, which can carry military personnel and their equipment to the battlefield. The primary function of a troop carrier is to transport soldiers from the rear to the front line for attack or defense purposes. It can be used by both nations' armed forces as well as by law enforcement agencies.
The global market for Troop Carriers.
Application Insights:
The military application segment led the market and accounted for more than 60.0% share of the overall revenue in 2017. The use of these vehicles by various countries as a part of their Armoured Brigade Teams is expected to drive the demand over the forecast period. Furthermore, countries such as India are planning to deploy such teams on a large scale owing to increased border patrolling needs, which is further anticipated to fuel product demand over the forecast period.
Commercial applications include transportation companies that offer armed van services for money transfer offices and jewelry stores among others. Such applications are relatively new and have only emerged in recent years due to growing awareness about security risks associated with cash transactions at banks and other facilities where it can be stolen or misplaced thereby affecting both parties involved directly or indirectly through insurance claims etcetera.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being the most powerful nation, has a strong military force across the globe and thus, requires advanced and robust vehicles for warfare purposes. As per an agreement signed between Canada and U.S.
Growth Factors:
- Increasing demand for Armoured Fighting Vehicles from developing countries owing to rising security concerns
- Proliferation of regional conflicts and terrorism, which is expected to drive the demand for Armoured Fighting Vehicles over the forecast period
- Growing investments by governments in defence sector to modernize their armed forces
- Technological advancements in armoured vehicles that provide enhanced protection against ballistic and improvised explosive devices (IEDs) threats
- Rising number of private military companies, which is anticipated to boost the market growth over the next decade
Scope Of The Report
Report Attributes
Report Details
Report Title
Armoured Fighting Vehicles Market Research Report
By Type
Tanks, Troop Carriers, Armored Car, Amphibious Vehicles, Armored Engineering Vehicle, Self Propelled Artillery, Air Defense Vehicles
By Application
Military, Commercial
By Companies
General Dynamics, Northrop Grumman, Raytheon, Oto Melara, Lockheed Martin, Iveco, Volgograd Tractor Plant, Uralvagonzavod, BAE Systems Plc, MBDA, Textron Systems, Rafael Advanced Defense Systems, AM General, Boeing, Larsen And Toubro, Nexter
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Armoured Fighting Vehicles Market Report Segments:
The global Armoured Fighting Vehicles market is segmented on the basis of:
Types
Tanks, Troop Carriers, Armored Car, Amphibious Vehicles, Armored Engineering Vehicle, Self Propelled Artillery, Air Defense Vehicles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Dynamics
- Northrop Grumman
- Raytheon
- Oto Melara
- Lockheed Martin
- Iveco
- Volgograd Tractor Plant
- Uralvagonzavod
- BAE Systems Plc
- MBDA
- Textron Systems
- Rafael Advanced Defense Systems
- AM General
- Boeing
- Larsen And Toubro
- Nexter
Highlights of The Armoured Fighting Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tanks
- Troop Carriers
- Armored Car
- Amphibious Vehicles
- Armored Engineering Vehicle
- Self Propelled Artillery
- Air Defense Vehicles
- By Application:
- Military
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Armoured Fighting Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Armoured fighting vehicles are armoured vehicles that are designed to protect their crew and passengers from enemy fire. Armoured fighting vehicles can be wheeled or tracked, and can carry a variety of weapons to support their mission.
Some of the major companies in the armoured fighting vehicles market are General Dynamics, Northrop Grumman, Raytheon, Oto Melara, Lockheed Martin, Iveco, Volgograd Tractor Plant, Uralvagonzavod, BAE Systems Plc, MBDA, Textron Systems, Rafael Advanced Defense Systems, AM General, Boeing, Larsen And Toubro, Nexter.
The armoured fighting vehicles market is expected to register a CAGR of 3.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Armoured Fighting Vehicles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Armoured Fighting Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Armoured Fighting Vehicles Market - Supply Chain
4.5. Global Armoured Fighting Vehicles Market Forecast
4.5.1. Armoured Fighting Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Armoured Fighting Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Armoured Fighting Vehicles Market Absolute $ Opportunity
5. Global Armoured Fighting Vehicles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Armoured Fighting Vehicles Market Size and Volume Forecast by Type
5.3.1. Tanks
5.3.2. Troop Carriers
5.3.3. Armored Car
5.3.4. Amphibious Vehicles
5.3.5. Armored Engineering Vehicle
5.3.6. Self Propelled Artillery
5.3.7. Air Defense Vehicles
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Armoured Fighting Vehicles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Armoured Fighting Vehicles Market Size and Volume Forecast by Application
6.3.1. Military
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Armoured Fighting Vehicles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Armoured Fighting Vehicles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Armoured Fighting Vehicles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Armoured Fighting Vehicles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Armoured Fighting Vehicles Demand Share Forecast, 2019-2026
9. North America Armoured Fighting Vehicles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Armoured Fighting Vehicles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Armoured Fighting Vehicles Market Size and Volume Forecast by Application
9.4.1. Military
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Armoured Fighting Vehicles Market Size and Volume Forecast by Type
9.7.1. Tanks
9.7.2. Troop Carriers
9.7.3. Armored Car
9.7.4. Amphibious Vehicles
9.7.5. Armored Engineering Vehicle
9.7.6. Self Propelled Artillery
9.7.7. Air Defense Vehicles
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Armoured Fighting Vehicles Demand Share Forecast, 2019-2026
10. Latin America Armoured Fighting Vehicles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Armoured Fighting Vehicles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Armoured Fighting Vehicles Market Size and Volume Forecast by Application
10.4.1. Military
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Armoured Fighting Vehicles Market Size and Volume Forecast by Type
10.7.1. Tanks
10.7.2. Troop Carriers
10.7.3. Armored Car
10.7.4. Amphibious Vehicles
10.7.5. Armored Engineering Vehicle
10.7.6. Self Propelled Artillery
10.7.7. Air Defense Vehicles
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Armoured Fighting Vehicles Demand Share Forecast, 2019-2026
11. Europe Armoured Fighting Vehicles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Armoured Fighting Vehicles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Armoured Fighting Vehicles Market Size and Volume Forecast by Application
11.4.1. Military
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Armoured Fighting Vehicles Market Size and Volume Forecast by Type
11.7.1. Tanks
11.7.2. Troop Carriers
11.7.3. Armored Car
11.7.4. Amphibious Vehicles
11.7.5. Armored Engineering Vehicle
11.7.6.Self Propelled Artillery
11.7.7. Air Defense Vehicles
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Armoured Fighting Vehicles Demand Share, 2019-2026
12. Asia Pacific Armoured Fighting Vehicles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Armoured Fighting Vehicles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Armoured Fighting Vehicles Market Size and Volume Forecast by Application
12.4.1. Military
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Armoured Fighting Vehicles Market Size and Volume Forecast by Type
12.7.1. Tanks
12.7.2. Troop Carriers
12.7.3. Armored Car
12.7.4. Amphibious Vehicles
12.7.5. Armored Engineering Vehicle
12.7.6. Self Propelled Artillery
12.7.7. Air Defense Vehicles
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Armoured Fighting Vehicles Demand Share, 2019-2026
13. Middle East & Africa Armoured Fighting Vehicles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Armoured Fighting Vehicles Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Armoured Fighting Vehicles Market Size and Volume Forecast by Application
13.4.1. Military
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Armoured Fighting Vehicles Market Size and Volume Forecast by Type
13.7.1. Tanks
13.7.2. Troop Carriers
13.7.3. Armored Car
13.7.4. Amphibious Vehicles
13.7.5. Armored Engineering Vehicle
13.7.6. Self Propelled Artillery
13.7.7. Air Defense Vehicles
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Armoured Fighting Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Armoured Fighting Vehicles Market: Market Share Analysis
14.2. Armoured Fighting Vehicles Distributors and Customers
14.3. Armoured Fighting Vehicles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Dynamics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Northrop Grumman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Raytheon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Oto Melara
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lockheed Martin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Iveco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Volgograd Tractor Plant
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Uralvagonzavod
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BAE Systems Plc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MBDA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Textron Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Rafael Advanced Defense Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. AM General
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Boeing
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Larsen And Toubro
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Nexter
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
