Market Overview:
The global military armored vehicles and counter-IED vehicles market is estimated to be USD XX million in 2018 and is projected to reach USD XX million by 2030, at a CAGR of X.X%, during the forecast period. The growth of the market can be attributed to the increasing demand for military armored vehicles and counter-IED vehicles from defense forces across the world. The global military armored vehicles and counter-IED vehicles market has been segmented based on type, application, and region. Based on type, the market has been segmented into military armored Vehicles and Counter-IED Vehicles. Military Armored Vehicles are further classified into Infantry Fighting Vehicle (IFV), Armored Personnel Carrier (APC), Main Battle Tank (MBT), Self-propelled Howitzer (SPH), Others; while Counter IED Vehicles are further classified into Mine Resistant Ambush Protected Vehicle (MRAP), Light Protected Patrol Vehicle (LPPV) & others). Based on application, the market has been segmented into Infantry Fighting Vehicle(IFV), Armored Personnel Carrier(APC) , Main Battle Tank(MBT) , Self propelled howitzer(SPH) & others .
Product Definition:
Military Armored Vehicles are armored vehicles specifically designed for military use, while Counter-IED Vehicles are armored vehicles specifically designed to protect against improvised explosive devices (IEDs). While both types of vehicle have many similarities, Military Armored Vehicles typically have more armor and are better equipped to handle a wider variety of combat situations. The importance of Military Armored Vehicles and Counter-IED Vehicles can be summed up by their name - they provide critical protection for troops in the field.
Military Armored Vehicles:
The global military armored vehicles market is expected to witness significant growth over the forecast period. The primary factor responsible for this growth is protection of lives and assets of soldiers during war or any hostile situation. Military armored vehicles are designed, developed and equipped with enhanced ballistic capabilities which can protect soldiers from small arms & light weapons, IEDs (Improvised Explosive Devices) or any terrorist attacks.
Counter-IED Vehicles:
Counter-IED vehicles are used to detect and destroy IEDs (Improvised Explosive Devices) which are hidden among civilian objects. The military uses armored vehicles for protection against Improvised Explosive Devices (IEDs). These armored vehicles can withstand small explosion and can protect the soldiers inside it. However, these armor-resistant military trucks and cars cannot prevent the soldiers from getting injured or killed in case of a larger blast.
Application Insights:
The armored personnel carrier (APC) segment led the global military armored vehicles and counter-IED vehicles market in 2017. The vehicle is widely used by infantry units for patrolling, defending key locations, and engaging enemy combatants. It is a highly durable vehicle owing to its heavy-duty armor that provides protection against small arms fire, shrapnel, ballistic missiles and bombs.
Global military armored vehicles.
Infantry Fighting Vehicle (IFV) segment was valued at USD 2.97 billion in 2017 owing to increasing demand from countries such as India.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing defense budget and growing threat of improvised explosive devices (IEDs) across U.S. Armored vehicles are used for patrolling, convoy protection, and other military operations undertaken by the government troops as well as law enforcement agencies against terrorist organizations at domestic level.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising geopolitical tensions between China and India along their disputed border, which has led both countries' governments to increase investment in domestic production capabilities for building advanced armored vehicles with enhanced performance characteristics compared with those currently available on international markets.
Growth Factors:
- Increasing demand for military armored vehicles and counter-IED vehicles from the defense sector across the globe due to rising security concerns
- Proliferation of terrorist activities and insurgencies in various parts of the world is also expected to drive the demand for military armored vehicles and counter-IED vehicles over the next few years
- Growing investments by governments in modernizing their armed forces is also anticipated to boost growth of this market in coming years
- Rising trend of using unmanned aerial systems (UAS) or drones for reconnaissance, surveillance, and target acquisition is also projected to fuel growth of this market during forecast period
- Technological advancements in military armored vehicles and counter-IED Vehicles industry coupled with increasing R&D spending by leading players are expected to offer lucrative opportunities for players operating in this market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Armored Vehicles and Counter-IED Vehicles Market Research Report
By Type
Military Armored Vehicles, Counter-IED Vehicles
By Application
Infantry Fighting Vehicle (IFV), Armored Personnel Carrier (APC), Main Battle Tank (MBT), Self-propelled Howitzer (SPH), Others
By Companies
BAE Systems, General Dynamics, Lockheed Martin, OSHKOSH DEFENSE, Rheinmetall Defence, Rostec, BAE Systems
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Military Armored Vehicles and Counter-IED Vehicles Market Report Segments:
The global Military Armored Vehicles and Counter-IED Vehicles market is segmented on the basis of:
Types
Military Armored Vehicles, Counter-IED 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
Infantry Fighting Vehicle (IFV), Armored Personnel Carrier (APC), Main Battle Tank (MBT), Self-propelled Howitzer (SPH), Others
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:
- BAE Systems
- General Dynamics
- Lockheed Martin
- OSHKOSH DEFENSE
- Rheinmetall Defence
- Rostec
- BAE Systems
Highlights of The Military Armored Vehicles and Counter-IED 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:
- Military Armored Vehicles
- Counter-IED Vehicles
- By Application:
- Infantry Fighting Vehicle (IFV)
- Armored Personnel Carrier (APC)
- Main Battle Tank (MBT)
- Self-propelled Howitzer (SPH)
- Others
- 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 Military Armored Vehicles and Counter-IED 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:
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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?
Military armored vehicles are designed to protect soldiers from enemy fire. Counter-IED vehicles are designed to detect and destroy IEDs before they can detonate.
Some of the key players operating in the military armored vehicles and counter-ied vehicles market are BAE Systems, General Dynamics, Lockheed Martin, OSHKOSH DEFENSE, Rheinmetall Defence, Rostec, BAE Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Armored Vehicles and Counter-IED Vehicles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Military Armored Vehicles and Counter-IED Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Armored Vehicles and Counter-IED Vehicles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Military Armored Vehicles and Counter-IED Vehicles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Military Armored Vehicles and Counter-IED Vehicles Market Size & Forecast, 2018-2028
4.5.1 Military Armored Vehicles and Counter-IED Vehicles Market Size and Y-o-Y Growth
4.5.2 Military Armored Vehicles and Counter-IED Vehicles Market Absolute $ Opportunity
Chapter 5 Global Military Armored Vehicles and Counter-IED Vehicles Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Type
5.2.1 Military Armored Vehicles
5.2.2 Counter-IED Vehicles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Armored Vehicles and Counter-IED Vehicles Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Applications
6.2.1 Infantry Fighting Vehicle (IFV)
6.2.2 Armored Personnel Carrier (APC)
6.2.3 Main Battle Tank (MBT)
6.2.4 Self-propelled Howitzer (SPH)
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Armored Vehicles and Counter-IED Vehicles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Military Armored Vehicles and Counter-IED Vehicles Analysis and Forecast
9.1 Introduction
9.2 North America Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Type
9.6.1 Military Armored Vehicles
9.6.2 Counter-IED Vehicles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Applications
9.10.1 Infantry Fighting Vehicle (IFV)
9.10.2 Armored Personnel Carrier (APC)
9.10.3 Main Battle Tank (MBT)
9.10.4 Self-propelled Howitzer (SPH)
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Military Armored Vehicles and Counter-IED Vehicles Analysis and Forecast
10.1 Introduction
10.2 Europe Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Type
10.6.1 Military Armored Vehicles
10.6.2 Counter-IED Vehicles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Applications
10.10.1 Infantry Fighting Vehicle (IFV)
10.10.2 Armored Personnel Carrier (APC)
10.10.3 Main Battle Tank (MBT)
10.10.4 Self-propelled Howitzer (SPH)
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Military Armored Vehicles and Counter-IED Vehicles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Type
11.6.1 Military Armored Vehicles
11.6.2 Counter-IED Vehicles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Applications
11.10.1 Infantry Fighting Vehicle (IFV)
11.10.2 Armored Personnel Carrier (APC)
11.10.3 Main Battle Tank (MBT)
11.10.4 Self-propelled Howitzer (SPH)
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Military Armored Vehicles and Counter-IED Vehicles Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Type
12.6.1 Military Armored Vehicles
12.6.2 Counter-IED Vehicles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Applications
12.10.1 Infantry Fighting Vehicle (IFV)
12.10.2 Armored Personnel Carrier (APC)
12.10.3 Main Battle Tank (MBT)
12.10.4 Self-propelled Howitzer (SPH)
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Military Armored Vehicles and Counter-IED Vehicles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Armored Vehicles and Counter-IED Vehicles Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Type
13.6.1 Military Armored Vehicles
13.6.2 Counter-IED Vehicles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Military Armored Vehicles and Counter-IED Vehicles Market Size Forecast by Applications
13.10.1 Infantry Fighting Vehicle (IFV)
13.10.2 Armored Personnel Carrier (APC)
13.10.3 Main Battle Tank (MBT)
13.10.4 Self-propelled Howitzer (SPH)
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Military Armored Vehicles and Counter-IED Vehicles Market: Competitive Dashboard
14.2 Global Military Armored Vehicles and Counter-IED Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE Systems
14.3.2 General Dynamics
14.3.3 Lockheed Martin
14.3.4 OSHKOSH DEFENSE
14.3.5 Rheinmetall Defence
14.3.6 Rostec
14.3.7 BAE Systems
