Armored Vehicle Market Research Report - Global Forecast till 2025

Global Armored Vehicle Market Research Report: Information by Product (Defense Armored Vehicle and Commercial Armored Vehicle), System (Drive Systems, Engine, Ballistic Armor, Ammunition Handling Systems, Turret Drives, Fire Control Systems (FCS), Countermeasure Systems, Armaments, Command & Control (C2) Systems, Observation & Display Systems, Hulls/Frames, Navigation Systems and Power Systems), End User (Commercial and Defense) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2025

ID: MRFR/A&D/2347-CR | July 2019 | Region: Global | 134 pages

Market Scenario


Armored vehicles are security vehicles used to transport armed security. Armored vehicles were only owned and used by the military, law enforcement, and ministers, but in the past few years prominent figures from the corporate world, VIPs, and celebrities have also been contributing to the demand for these vehicles. The continually increasing security challenges are the main reason for the adoption of armed vehicles by the various government bodies and civilians.


Technological developments and improvements in artificial intelligence have increased the use and importance of unmanned ground vehicles, virtual training, and survivability equipment. The demand for new, technologically advanced transmission equipment in an armored vehicle, which are highly effective and secure, are critical in retaining an edge over extremist powers. The growing challenges of tackling modern-day security threats are stimulating the need for a technological revolution in the market. Frequent investment in R&D activities and the development of highly advanced and innovative technologies will be the core growth strategies in the upcoming years.


The need for reducing the weight and size of vehicles installed in the defense sector, and the demand for highly efficient, compact, and robust vehicles and weapons is a crucial driver for the armored vehicle market. Promising innovations in the transmission medium, adaptability, navigation, surveillance, protection, and enhanced situational awareness are expected to boost the demand in the next few years.


The high costs associated with advanced armored vehicles is a significant limitation for the global armored vehicles market. Fluctuating raw material costs, import expenses, and huge taxes levied by countries often result in increased cost of end products. If companies wish to expand their businesses of armored vehicles across emerging economies, the key challenge is keeping a balance between the base cost of products and their quality. The growing concern of protecting military workforce during civil wars, and the increasing need to protect the nation from difficult situations and scenarios ranging from natural disasters to acts of terrorism, is expected to drive the growth of security applications across the globe. This would lead to a rise in the demand for armored vehicles during the forecast period.


Rise in internal & external security threats, and increasing violence in countries such as Syria, Iraq, among other regions in the world, are driving the global armored vehicle market. The growth of the market is due to the rise in defense expenditure in emerging economies and increasing acceptance of rental & leasing of armored vehicles among civilians. However, a lack of standardization in the operations of companies, government rules & regulations, and limited defense budgets, may hinder the growth of the market. Furthermore, the necessity of lightweight armored vehicles and growing demand from commercial sectors is expected to provide opportunities for market growth in the coming years.


Segmentation of the Global Armored Vehicle Market


Based on system, the market has been segmented into drive systems, engine, ballistic armor, ammunition handling systems, turret drives, fire control systems (FCS), countermeasure systems, armaments, command & control (C2) systems, observation & display systems, hulls/frames, navigation systems, and power systems. The armaments segment accounted for the largest market share in 2018 and is expected to grow at the highest CAGR during the forecast period. Increasing adoption of remote weapon station on armored vehicles is driving the growth of the segment.


Based on product, the market has been segregated into defense armored vehicle and a commercial armored vehicle. The defense armored vehicle segment has been sub-segmented into armored personnel carriers (APC), lightly protected vehicles (LPV), infantry fighting vehicles (IFV), mine-resistant ambush-protected (MRAP), main battle tanks (MBT), tactical trucks, and others. The commercial armored vehicle segment has been sub-segmented into a limousine, bus/van, sedan, SUV, and others. The armored defense vehicle dominated the market in 2018 and is expected to grow at a higher CAFR from 2019 to 2025. Increasing expenditure in developing advanced military transport vehicles is driving the segment growth.


Based on end user, the market has been bifurcated into commercial and defense. The defense segment dominated the market in 2018 and is expected to witness a higher CAGR during the forecast period. The growing need to offer enhanced security to defense personnel is driving the segment growth.


Based on the region, the market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is estimated to acquire the most significant market share in 2018. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period from 2019 to 2028. Increasing defense expenditure of developing countries such as China and India is driving the market growth in the region. Furthermore, increasing procurement and development of advanced armored vehicles by countries such as South Korea, India, and China is also driving the market growth in the region.


Key Players


The key players in the global armored vehicle market are General Dynamics Corporation (US), BAE Systems, PLC (UK), Textron Inc. (US), Oshkosh Corporation (US), Elbit Systems Ltd  (Israel), Thales Group  (France), Lockheed Martin Corporation (US), Diehl Defence GmbH & Co. KG (Germany), Rheinmetall AG (Germany), Lenco Industries, Inc. (US), The Kalyani Group (India), Mitsubishi Heavy Industries, Ltd (Japan), INKAS Armored Vehicle Manufacturing (Canada), International Armored Group (US), IVECO (Italy), Krauss-Maffei Wegmann GmbH & Co. (Germany), Navistar, Inc. (US), and The Hyundai Motor Group (South Korea) .


Research Methodology


The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments



  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region



  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis



  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook



  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions



  • Regional attractiveness and related growth opportunities


Intended Audience



  • Armored vehicle manufacturers

  • Weapon manufacturers

  • Law enforcement agencies

  • Defense organizations

  • Government authorities

  • Defense companies

  • Research institutes

  • Regulatory bodies



Frequently Asked Questions (FAQ) :


Agreement between Qinetiq and the U.S. Office of Naval Research for Developing Electric Armored Reconnaissance Vehicles is Further Proof of the Technology being Used in the Future.

General Dynamics Corporation, BAE Systems, Textron Inc, Oshkosh Corporation, Elbit Systems Ltd and Others are the Leading Players Included in Armored Vehicle Market.

Armored Vehicle Regions Market Divided into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Armored Vehicles Market is Expected to Grow USD 32.26 Billion at USD 32.26 Billion by End of Year 2025.

It Covers Market Drivers, Opportunities, Trends, Restraints, Porter’s Five Forces, Supply Chain and Value Chain Analysis.

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TABLE OF CONTENT

1.1. Market Attractiveness Analysis

1.1.1. Global Armored Vehicle Market, by Product

1.1.2. Global Armored Vehicle Market, by System

1.1.3. Global Armored Vehicle Market, by End User

1.1.4. Global Armored Vehicle Market, by Region

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

5.6. Market/Technological Trends

5.7. Patent Trends

5.8. Regulatory Landscape/Standards

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Rivalry

6.2.5. Bargaining Power of Supplies

7.1. Introduction

7.2. Defense Armored Vehicle

7.2.1. Market Estimates & Forecast, 2019–2025

7.2.2. Market Estimates & Forecast, by Region, 2019–2025

7.2.3. Armored Personnel Carriers (APC)

7.2.3.1. Market Estimates & Forecast, 2019–2025

7.2.3.2. Market Estimates & Forecast, by Region, 2019–2025

7.2.4. Light Protected Vehicles (LPV)

7.2.4.1. Market Estimates & Forecast, 2019–2025

7.2.4.2. Market Estimates & Forecast, by Region, 2019–2025

7.2.5. Infantry Fighting Vehicles (IFV)

7.2.5.1. Market Estimates & Forecast, 2019–2025

7.2.5.2. Market Estimates & Forecast, by Region, 2019–2025

7.2.6. Mine-Resistant Ambush Protected (MRAP)

7.2.6.1. Market Estimates & Forecast, 2019–2025

7.2.6.2. Market Estimates & Forecast, by Region, 2019–2025

7.2.7. Main Battle Tanks (MBT)

7.2.7.1. Market Estimates & Forecast, 2019–2025

7.2.7.2. Market Estimates & Forecast, by Region, 2019–2025

7.2.8. Tactical Trucks

7.2.8.1. Market Estimates & Forecast, 2019–2025

7.2.8.2. Market Estimates & Forecast, by Region, 2019–2025

7.2.9. Others

7.2.9.1. Market Estimates & Forecast, 2019–2025

7.2.9.2. Market Estimates & Forecast, by Region, 2019–2025

7.3. Commercial Armored Vehicle

7.3.1. Market Estimates & Forecast, 2019–2025

7.3.2. Market Estimates & Forecast, by Region, 2019–2025

7.3.3. Limousine

7.3.3.1. Market Estimates & Forecast, 2019–2025

7.3.3.2. Market Estimates & Forecast, by Region, 2019–2025

7.3.4. Bus/Van

7.3.4.1. Market Estimates & Forecast, 2019–2025

7.3.4.2. Market Estimates & Forecast, by Region, 2019–2025

7.3.5. Sedan

7.3.5.1. Market Estimates & Forecast, 2019–2025

7.3.5.2. Market Estimates & Forecast, by Region, 2019–2025

7.3.6. SUV

7.3.6.1. Market Estimates & Forecast, 2019–2025

7.3.6.2. Market Estimates & Forecast, by Region, 2019–2025

7.3.7. Others

7.3.7.1. Market Estimates & Forecast, 2019–2025

7.3.7.2. Market Estimates & Forecast, by Region, 2019–2025

8.1. Introduction

8.2. Drive Systems

8.2.1. Market Estimates & Forecast, 2019–2025

8.2.2. Market Estimates & Forecast, by Region, 2019–2025

8.3. Engine

8.3.1. Market Estimates & Forecast, 2019–2025

8.3.2. Market Estimates & Forecast, by Region, 2019–2025

8.4. Ballistic Armor

8.4.1. Market Estimates & Forecast, 2019–2025

8.4.2. Market Estimates & Forecast, by Region, 2019–2025

8.5. Ammunition Handling Systems

8.5.1. Market Estimates & Forecast, 2019–2025

8.5.2. Market Estimates & Forecast, by Region, 2019–2025

8.6. Turret Drives

8.6.1. Market Estimates & Forecast, 2019–2025

8.6.2. Market Estimates & Forecast, by Region, 2019–2025

8.7. Fire Control Systems (FCS)

8.7.1. Market Estimates & Forecast, 2019–2025

8.7.2. Market Estimates & Forecast, by Region, 2019–2025

8.8. Countermeasure Systems

8.8.1. Market Estimates & Forecast, 2019–2025

8.8.2. Market Estimates & Forecast, by Region, 2019–2025

8.9. Armaments

8.9.1. Market Estimates & Forecast, 2019–2025

8.9.2. Market Estimates & Forecast, by Region, 2019–2025

8.10. Command & Control (C2) Systems

8.10.1. Market Estimates & Forecast, 2019–2025

8.10.2. Market Estimates & Forecast, by Region, 2019–2025

8.11. Observation & Display Systems

8.11.1. Market Estimates & Forecast, 2019–2025

8.11.2. Market Estimates & Forecast, by Region, 2019–2025

8.12. Hulls/Frames

8.12.1. Market Estimates & Forecast, 2019–2025

8.12.2. Market Estimates & Forecast, by Region, 2019–2025

8.13. Navigation Systems

8.13.1. Market Estimates & Forecast, 2019–2025

8.13.2. Market Estimates & Forecast, by Region, 2019–2025

8.14. Power Systems

8.14.1. Market Estimates & Forecast, 2019–2025

8.14.2. Market Estimates & Forecast, by Region, 2019–2025

9.1. Introduction

9.2. Commercial

9.2.1. Market Estimates & Forecast, 2019–2025

9.2.2. Market Estimates & Forecast, by Region, 2019–2025

9.3. Defense

9.3.1. Market Estimates & Forecast, 2019–2025

9.3.2. Market Estimates & Forecast, by Region, 2019–2025

10.1. Introduction

10.2. North America

10.2.1. Market Estimates & Forecast, by Country, 2019–2025

10.2.2. Market Estimates & Forecast, by Product, 2019–2025

10.2.3. Market Estimates & Forecast, by System, 2019–2025

10.2.4. Market Estimates & Forecast, by End User, 2019–2025

10.2.5. US

10.2.5.1. Market Estimates & Forecast, by Product, 2019–2025

10.2.5.2. Market Estimates & Forecast, by System, 2019–2025

10.2.5.3. Market Estimates & Forecast, by End User, 2019–2025

10.2.6. Canada

10.2.6.1. Market Estimates & Forecast, by Product, 2019–2025

10.2.6.2. Market Estimates & Forecast, by System, 2019–2025

10.2.6.3. Market Estimates & Forecast, by End User, 2019–2025

10.3. Europe

10.3.1. Market Estimates & Forecast, by Country, 2019–2025

10.3.2. Market Estimates & Forecast, by Product, 2019–2025

10.3.3. Market Estimates & Forecast, by System, 2019–2025

10.3.4. Market Estimates & Forecast, by End User, 2019–2025

10.3.5. UK

10.3.5.1. Market Estimates & Forecast, by Product, 2019–2025

10.3.5.2. Market Estimates & Forecast, by System, 2019–2025

10.3.5.3. Market Estimates & Forecast, by End User, 2019–2025

10.3.6. Germany

10.3.6.1. Market Estimates & Forecast, by Product, 2019–2025

10.3.6.2. Market Estimates & Forecast, by System, 2019–2025

10.3.6.3. Market Estimates & Forecast, by End User, 2019–2025

10.3.7. France

10.3.7.1. Market Estimates & Forecast, by Product, 2019–2025

10.3.7.2. Market Estimates & Forecast, by System, 2019–2025

10.3.7.3. Market Estimates & Forecast, by End User, 2019–2025

10.3.8. Russia

10.3.8.1. Market Estimates & Forecast, by Product, 2019–2025

10.3.8.2. Market Estimates & Forecast, by System, 2019–2025

10.3.8.3. Market Estimates & Forecast, by End User, 2019–2025

10.3.9. Italy

10.3.9.1. Market Estimates & Forecast, by Product, 2019–2025

10.3.9.2. Market Estimates & Forecast, by System, 2019–2025

10.3.9.3. Market Estimates & Forecast, by End User, 2019–2025

10.3.10. Rest of Europe

10.3.10.1. Market Estimates & Forecast, by Product, 2019–2025

10.3.10.2. Market Estimates & Forecast, by System, 2019–2025

10.3.10.3. Market Estimates & Forecast, by End User, 2019–2025

10.4. Asia-Pacific

10.4.1. Market Estimates & Forecast, by Country, 2019–2025

10.4.2. Market Estimates & Forecast, by Product, 2019–2025

10.4.3. Market Estimates & Forecast, by System, 2019–2025

10.4.4. Market Estimates & Forecast, by End User, 2019–2025

10.4.5. China

10.4.5.1. Market Estimates & Forecast, by Product, 2019–2025

10.4.5.2. Market Estimates & Forecast, by System, 2019–2025

10.4.5.3. Market Estimates & Forecast, by End User, 2019–2025

10.4.6. Japan

10.4.6.1. Market Estimates & Forecast, by Product, 2019–2025

10.4.6.2. Market Estimates & Forecast, by System, 2019–2025

10.4.6.3. Market Estimates & Forecast, by End User, 2019–2025

10.4.7. India

10.4.7.1. Market Estimates & Forecast, by Product, 2019–2025

10.4.7.2. Market Estimates & Forecast, by System, 2019–2025

10.4.7.3. Market Estimates & Forecast, by End User, 2019–2025

10.4.8. South Korea

10.4.8.1. Market Estimates & Forecast, by Product, 2019–2025

10.4.8.2. Market Estimates & Forecast, by System, 2019–2025

10.4.8.3. Market Estimates & Forecast, by End User, 2019–2025

10.4.9. Australia

10.4.9.1. Market Estimates & Forecast, by Product, 2019–2025

10.4.9.2. Market Estimates & Forecast, by System, 2019–2025

10.4.9.3. Market Estimates & Forecast, by End User, 2019–2025

10.4.10. Rest of Asia-Pacific

10.4.10.1. Market Estimates & Forecast, by Product, 2019–2025

10.4.10.2. Market Estimates & Forecast, by System, 2019–2025

10.4.10.3. Market Estimates & Forecast, by End User, 2019–2025

10.5. Middle East & Africa

10.5.1. Market Estimates & Forecast, by Country, 2019–2025

10.5.2. Market Estimates & Forecast, by Product, 2019–2025

10.5.3. Market Estimates & Forecast, by System, 2019–2025

10.5.4. Market Estimates & Forecast, by End User, 2019–2025

10.5.5. UAE

10.5.5.1. Market Estimates & Forecast, by Product, 2019–2025

10.5.5.2. Market Estimates & Forecast, by System, 2019–2025

10.5.5.3. Market Estimates & Forecast, by End User, 2019–2025

10.5.6. Israel

10.5.6.1. Market Estimates & Forecast, by Product, 2019–2025

10.5.6.2. Market Estimates & Forecast, by System, 2019–2025

10.5.6.3. Market Estimates & Forecast, by End User, 2019–2025

10.5.7. Saudi Arabia

10.5.7.1. Market Estimates & Forecast, by Product, 2019–2025

10.5.7.2. Market Estimates & Forecast, by System, 2019–2025

10.5.7.3. Market Estimates & Forecast, by End User, 2019–2025

10.5.8. Rest of the Middle East & Africa

10.5.8.1. Market Estimates & Forecast, by Product, 2019–2025

10.5.8.2. Market Estimates & Forecast, by System, 2019–2025

10.5.8.3. Market Estimates & Forecast, by End User, 2019–2025

10.6. Latin America

10.6.1. Market Estimates & Forecast, by Country, 2019–2025

10.6.2. Market Estimates & Forecast, by Product, 2019–2025

10.6.3. Market Estimates & Forecast, by System, 2019–2025

10.6.4. Market Estimates & Forecast, by End User, 2019–2025

10.6.5. Brazil

10.6.5.1. Market Estimates & Forecast, by Product, 2019–2025

10.6.5.2. Market Estimates & Forecast, by System, 2019–2025

10.6.5.3. Market Estimates & Forecast, by End User, 2019–2025

10.6.6. Mexico

10.6.6.1. Market Estimates & Forecast, by Product, 2019–2025

10.6.6.2. Market Estimates & Forecast, by System, 2019–2025

10.6.6.3. Market Estimates & Forecast, by End User, 2019–2025

10.6.7. Rest of Latin America

10.6.7.1. Market Estimates & Forecast, by Product, 2019–2025

10.6.7.2. Market Estimates & Forecast, by System, 2019–2025

10.6.7.3. Market Estimates & Forecast, by End User, 2019–2025

11.1. Competitive Overview

11.2. Competitor Dashboard

11.3. Major Growth Strategies in the Global Armored Vehicle Market

11.4. Competitive Benchmarking

11.5. Market Share Analysis

11.6. Airbus SAS: The Leading Player in Terms of Number of Developments in the Global Armored Vehicle Market

11.7. Key Developments & Growth Strategies

11.7.1. Product Launches/Service Deployments

11.7.2. Mergers & Acquisitions

11.7.3. Joint Ventures

12.1. BAE Systems, PLC

12.1.1. Company Overview

12.1.2. Products/Services Offered

12.1.3. Financial Overview

12.1.4. Key Developments

12.1.5. SWOT Analysis

12.1.6. Key Strategies

12.2. Diehl Defence GmbH & Co. KG

12.2.1. Company Overview

12.2.2. Products/Services Offered

12.2.3. Financial Overview

12.2.4. Key Developments

12.2.5. SWOT Analysis

12.2.6. Key Strategies

12.3. Elbit Systems Ltd

12.3.1. Company Overview

12.3.2. Products/Services Offered

12.3.3. Financial Overview

12.3.4. Key Developments

12.3.5. SWOT Analysis

12.3.6. Key Strategies

12.4. General Dynamics Corporation

12.4.1. Company Overview

12.4.2. Products/Services Offered

12.4.3. Financial Overview

12.4.4. Key Developments

12.4.5. SWOT Analysis

12.4.6. Key Strategies

12.5. INKAS Armored Vehicle Manufacturing

12.5.1. Company Overview

12.5.2. Products/Services Offered

12.5.3. Financial Overview

12.5.4. Key Developments

12.5.5. SWOT Analysis

12.5.6. Key Strategies

12.6. International Armored Group

12.6.1. Company Overview

12.6.2. Products/Services Offered

12.6.3. Financial Overview

12.6.4. Key Developments

12.6.5. SWOT Analysis

12.6.6. Key Strategies

12.7. IVECO

12.7.1. Company Overview

12.7.2. Products/Services Offered

12.7.3. Financial Overview

12.7.4. Key Developments

12.7.5. SWOT Analysis

12.7.6. Key Strategies

12.8. Krauss-Maffei Wegmann GmbH & Co.

12.8.1. Company Overview

12.8.2. Products/Services Offered

12.8.3. Financial Overview

12.8.4. Key Developments

12.8.5. SWOT Analysis

12.8.6. Key Strategies

12.9. Lenco Industries, Inc.

12.9.1. Company Overview

12.9.2. Products/Services Offered

12.9.3. Financial Overview

12.9.4. Key Developments

12.9.5. SWOT Analysis

12.9.6. Key Strategies

12.10. Lockheed Martin Corporation

12.10.1. Company Overview

12.10.2. Products/Services Offered

12.10.3. Financial Overview

12.10.4. Key Developments

12.10.5. SWOT Analysis

12.10.6. Key Strategies

12.11. Mitsubishi Heavy Industries, Ltd

12.11.1. Company Overview

12.11.2. Products/Services Offered

12.11.3. Financial Overview

12.11.4. Key Developments

12.11.5. SWOT Analysis

12.11.6. Key Strategies

12.12. Navistar, Inc.

12.12.1. Company Overview

12.12.2. Products/Services Offered

12.12.3. Financial Overview

12.12.4. Key Developments

12.12.5. SWOT Analysis

12.12.6. Key Strategies

12.13. Oshkosh Corporation

12.13.1. Company Overview

12.13.2. Products/Services Offered

12.13.3. Financial Overview

12.13.4. Key Developments

12.13.5. SWOT Analysis

12.13.6. Key Strategies

12.14. Rheinmetall AG

12.14.1. Company Overview

12.14.2. Products/Services Offered

12.14.3. Financial Overview

12.14.4. Key Developments

12.14.5. SWOT Analysis

12.14.6. Key Strategies

12.15. Textron Inc.

12.15.1. Company Overview

12.15.2. Products/Services Offered

12.15.3. Financial Overview

12.15.4. Key Developments

12.15.5. SWOT Analysis

12.15.6. Key Strategies

12.16. Thales Group

12.16.1. Company Overview

12.16.2. Products/Services Offered

12.16.3. Financial Overview

12.16.4. Key Developments

12.16.5. SWOT Analysis

12.16.6. Key Strategies

12.17. The Kalyani Group

12.17.1. Company Overview

12.17.2. Products/Services Offered

12.17.3. Financial Overview

12.17.4. Key Developments

12.17.5. SWOT Analysis

12.17.6. Key Strategies

12.18. The Hyundai Motor Group

12.18.1. Company Overview

12.18.2. Products/Services Offered

12.18.3. Financial Overview

12.18.4. Key Developments

12.18.5. SWOT Analysis

12.18.6. Key Strategies

13. Appendix

13.1. References

13.2. Related Reports

13.3. List of Abbreviations

14. Industry Insights

Table 1 Global Armored Vehicle Market, by Region, 2019–2025

Table 2 North America: Armored Vehicle Market, by Country, 2019–2025

Table 3 Europe: Armored Vehicle Market, by Country, 2019–2025

Table 4 Asia-Pacific: Armored Vehicle Market, by Country, 2019–2025

Table 5 Middle East & Africa: Armored Vehicle Market, by Country, 2019–2025

Table 6 Latin America: Armored Vehicle Market, by Country, 2019–2025

Table 7 Global Armored Vehicle Market Size, by Region, 2019–2025

Table 8 North America: Armored Vehicle Market Size, by Country, 2019–2025

Table 9 Europe: Armored Vehicle Market Size, by Country, 2019–2025

Table 10 Asia-Pacific: Armored Vehicle Market Size, by Country, 2019–2025

Table 11 Middle East & Africa: Armored Vehicle Market Size, by Country, 2019–2025

Table 12 Latin America: Armored Vehicle Market Size, by Country, 2019–2025

Table 13 Global Armored Vehicle Product Market, by Region, 2019–2025

Table 14 North America: Armored Vehicle Product Market, by Country, 2019–2025

Table 15 Europe: Armored Vehicle Product Market, by Country, 2019–2025

Table 16 Asia-Pacific: Armored Vehicle Product Market, by Country, 2019–2025

Table 17 Middle East & Africa: Armored Vehicle Product Market, by Country, 2019–2025

Table 18 Latin America: Armored Vehicle Product Market, by Country, 2019–2025

Table 19 Global Armored Vehicle System Market, by Region, 2019–2025

Table 20 North America: Armored Vehicle System Market, by Country, 2019–2025

Table 21 Europe: Armored Vehicle System Market, by Country, 2019–2025

Table 22 Asia-Pacific: Armored Vehicle System Market, by Country, 2019–2025

Table 23 Middle East & Africa: Armored Vehicle System Market, by Country, 2019–2025

Table 24 Latin America: Armored Vehicle System Market, by Country, 2019–2025

Table 25 Global Armored Vehicle End User Market, by Region, 2019–2025

Table 26 North America: Armored Vehicle End User Market, by Country, 2019–2025

Table 27 Europe: Armored Vehicle End User Market, by Country, 2019–2025

Table 28 Asia-Pacific: Armored Vehicle End User Market, by Country, 2019–2025

Table 29 Middle East & Africa: Armored Vehicle End User Market, by Country, 2019–2025

Table 30 Latin America: Armored Vehicle End User Market, by Country, 2019–2025

Table 31 Global Armored Vehicle Market, by Region, 2019–2025

Table 32 Global Armored Vehicle Market, by Product, 2019–2025

Table 33 Global Armored Vehicle Market, by System, 2019–2025

Table 34 Global Armored Vehicle Market, by End User, 2019–2025

Table 35 North America: Armored Vehicle Market, by Country, 2019–2025

Table 36 North America: Armored Vehicle Market, by Product, 2019–2025

Table 37 North America: Armored Vehicle Market, by System, 2019–2025

Table 38 North America: Armored Vehicle Market, by End User, 2019–2025

Table 39 Europe: Armored Vehicle Market, by Country, 2019–2025

Table 40 Europe: Armored Vehicle Market, by Product, 2019–2025

Table 41 Europe: Armored Vehicle Market, by System, 2019–2025

Table 42 Europe: Armored Vehicle Market, by End User, 2019–2025

Table 43 Asia-Pacific: Armored Vehicle Market, by Country, 2019–2025

Table 44 Asia-Pacific: Armored Vehicle Market, by Product, 2019–2025

Table 45 Asia-Pacific: Armored Vehicle Market, by System, 2019–2025

Table 46 Asia-Pacific: Armored Vehicle Market, by End User, 2019–2025

Table 47 Middle East & Africa: Armored Vehicle Market, by Country, 2019–2025

Table 48 Middle East & Africa: Armored Vehicle Market, by Product, 2019–2025

Table 49 Middle East & Africa: Armored Vehicle Market, by System, 2019–2025

Table 50 Middle East & Africa: Armored Vehicle Market, by End User, 2019–2025

Table 51 Latin America: Armored Vehicle Market, by Country, 2019–2025

Table 52 Latin America: Armored Vehicle Market, by Product, 2019–2025

Table 53 Latin America: Armored Vehicle Market, by System, 2019–2025

Table 54 Latin America: Armored Vehicle Market, by End User, 2019–2025

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Armored Vehicle Market Share, by Product, 2018 (%)

FIGURE 9 Global Armored Vehicle Market, by Product, 2019–2025 (USD Million)

FIGURE 10 Global Armored Vehicle Market Share, by System, 2018 (%)

FIGURE 11 Global Armored Vehicle Market, by System, 2019–2025 (USD Million)

FIGURE 12 Global Armored Vehicle Market Share, by End User, 2018 (%)

FIGURE 13 Global Armored Vehicle Market, by End User, 2019–2025 (USD Million)

FIGURE 14 Global Armored Vehicle Market Share (%), by Region, 2018

FIGURE 15 Global Armored Vehicle Market, by Region, 2019–2025 (USD Million)

FIGURE 16 North America: Armored Vehicle Market Share (%), 2018

FIGURE 17 North America: Armored Vehicle Market, by Country, 2019–2025 (USD Million)

FIGURE 18 Europe: Armored Vehicle Market Share (%), 2018

FIGURE 19 Europe: Armored Vehicle Market, by Country, 2019–2025 (USD Million)

FIGURE 20 Asia-Pacific: Armored Vehicle Market Share (%), 2018

FIGURE 21 Asia-Pacific: Armored Vehicle Market, by Country, 2019–2025 (USD Million)

FIGURE 22 Middle East & Africa: Armored Vehicle Market Share (%), 2018

FIGURE 23 Middle East & Africa: Armored Vehicle Market, by Country, 2019–2025 (USD Million)

FIGURE 24 Latin America: Armored Vehicle Market Share (%), 2018

FIGURE 25 Latin America: Armored Vehicle Market, by Country, 2019–2025 (USD Million)