Armored Personnel Carrier Market Size Is Anticipated to at a CAGR Of 10% In 2021-2030

Global Armored Personnel Carrier Market is predicted to reach USD 30.1 billion at a CAGR of 10% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Armored Personnel Carrier Market” that contains information from 2021 to 2030. The Global Armored Personnel Carrier Market is estimated to register a CAGR of 10% during the forecast period of 2021 to 2030.

MRFR recognizes the following companies as the key players in the Global Armored Personnel Carrier Market— BAE Systems Plc, DRB-HICOM Defense Technologies Sdn. Bhd, FNSS Savunma Sistemleri A.Ş., General Dynamics Corporation, Hanwha Defense Systems, Nurol Makina ve Sanayi A.Ş., Terradyne Armored Vehicles Inc, Iveco - Oto Melara Consortium, Katmerciler A.S., KMDB A.A., Krauss-Maffei Wegmann GmbH & Co, and Rheinmetall AG.

Market Highlights

Global Armored Personnel Carrier Market is accounted to register a CAGR of 10% during the forecast period and is estimated to reach USD 30.1 Billion by 2030.

An Armored Personnel Carrier (APC) is a specialized military vehicle designed to transport troops and personnel safely through hostile or dangerous environments. APCs are armored to protect against various threats such as small arms fire, artillery shrapnel, and explosive devices. They typically feature bulletproof windows, reinforced hulls, and other defensive measures. APCs serve as a crucial component of modern military forces by enabling the swift and secure movement of troops in combat zones, peacekeeping operations, and other situations where protection and mobility are paramount. These vehicles often can carry a certain number of soldiers along with their equipment and supplies. Some APCs may also be armed with mounted machine guns or other light weaponry to support infantry during combat engagements.

Segment Analysis

The Global Armored Personnel Carrier Market has been segmented based on Design, Range, Carrying, Configuration, and End User.

Based on Design, the market is segmented into Wheeled APC and Tracked APC. The Wheeled APC category dominates the Armored Personnel Carrier market due to its versatility, mobility, and adaptability for various terrains and operational scenarios.

Based on Range, the market is segmented into Less than 500 km and More than 500 km. The Less than 500 km category dominates the Armored Personnel Carrier market due to its optimal range for tactical and localized operations.

Based on Carrying, the market is segmented into Less than 10,000 Kg and Greater than & Equal to 10,000 Kg. The Less than 10,000 Kg category dominates the Armored Personnel Carrier market due to its agility, transportability, and suitability for rapid deployment and maneuverability.

Based on Configuration, the market is segmented into Amphibious and Non-Amphibious. The Amphibious category dominates the Armored Personnel Carrier market due to its unique capability to operate seamlessly across both land and water environments, enhancing strategic mobility and operational flexibility.

Based on End Users, the market is segmented into Military, Law Enforcement, and Others. The Military category dominates the Armored Personnel Carrier market due to its crucial role in providing essential troop transport and protection capabilities for various armed forces and defense operations.

Regional Analysis

The Global Armored Personnel Carrier Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Armored Personnel Carrier Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Armored Personnel Carrier Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Armored Personnel Carrier Market comprises of Middle East, Africa, and Latin America.

The United States holds a prominent position in the global defense sector, exhibiting substantial interest in advanced Armored Personnel Carriers (APCs). The growth of the APC market is propelled by technological advancements and an unwavering commitment to bolstering troop safeguarding. The process of replacing outdated APCs with more modern and capable models significantly amplifies market expansion.

Within Europe, countries boast well-established defense industries, and numerous NATO members allocate investments toward APCs. The demand for APCs might fluctuate due to unique regional security considerations and participation in international peacekeeping endeavors.

In the Asia-Pacific region, escalating tensions are instrumental in stimulating the demand for APCs, aligning with efforts to fortify military capabilities and border protection. The burgeoning economies with expanding defense budgets further contribute to the robust growth trajectory of the APC market.

Key Findings of the Study

• The Global Armored Personnel Carrier Market is expected to reach USD 30.1 Billion by 2030, at a CAGR of 10% during the forecast period.


• Within the Asia-Pacific region, heightened tensions catalyze driving the demand for APCs, as countries strive to bolster their military capabilities and enhance border security. This momentum is reinforced by the thriving economies that are expanding their defense budgets, thus significantly propelling the dynamic growth path of the APC market.


• Based on the End User, the Market has been segmented into the Military holding the largest market in 2021.


• BAE Systems Plc, DRB-HICOM Defense Technologies Sdn. Bhd, FNSS Savunma Sistemleri A.Ş., General Dynamics Corporation, Hanwha Defense Systems, Nurol Makina ve Sanayi A.Ş., Terradyne Armored Vehicles Inc, Iveco - Oto Melara Consortium, Katmerciler A.S., KMDB A.A., Krauss-Maffei Wegmann GmbH & Co, and Rheinmetall AG.