Global Armored Vehicles Market Report 2021-2025 & 2030: Engine; Drive System; Ballistic Armor; FCS; Armaments; Ammunition Handling System; Countermeasure System; Command and Control System - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Armored Vehicles Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

The global armored vehicles market is expected to decline from $5.69 billion in 2020 to $5.68 billion in 2021 at a compound annual growth rate (CAGR) of -0.2%. The market is expected to reach $6.35 billion in 2025 at a CAGR of 2.8%.

Major players in the armored vehicles market are BAE Systems, Oshkosh Corp, International Armored Group, General Dynamics Land Systems, Textron, Rheinmetall, Lockheed Martin, Krauss-Maffei Wegmann, INKAS Armored Vehicle, and Elbit Systems.

The armored vehicles market consists of sales of armored vehicles by entities (organizations, sole traders and partnerships) that produce armored vehicles. The armored fighting vehicle is a self-propelled, weaponized military vehicle used for combat operations.

The armored vehicles market covered in the report is segmented by vehicle type into armored personnel carrier, infantry fighting vehicle, main battle tanks, tactical truck, bus, others; by platform into combat vehicles, combat support vehicles, unmanned armored ground vehicles; by system into engine, drive system, ballistic armor, fire control system (FCS), armaments, ammunition handling system, countermeasure system, command and control system, others; by mobility into tracked, wheeled, 4x4, 6x6, 8x8, others.

The high cost of armored vehicles is expected to limit the growth of the armored vehicles market in the coming years. The cost of armored vehicles is high because armored vehicles are fitted with the strict attention to quality for providing uncompromising protection while being on the route. High cost of armored vehicles hinders the growth of the armored vehicles market.

In May 2020, BAE Systems, a USA based Aerospace company acquired Raytheon Company for an undisclosed amount. This acquisition augments BAE Systems' portfolio in airborne communications with broad-spectrum, multi-band, multi-channel radios that feature robust anti-jamming and encryption capabilities. Raytheon Company is a USA defense contractor and industrial corporation with core manufacturing concentrations in weapons and military and commercial electronics.

Increased military spending is expected to fuel the growth of the armored vehicles market over coming years. Countries around the world are investing in military because of their conflicts and rivalry with other nations. Military expenditure covers operations, maintenance, arms acquisition, armoured vehicles and military research and development. Increased military spending drives the growth of the armored vehicles market.

The unmanned armored vehicle is a key trend gaining the popularity in the armored vehicles market. The use of unmanned armoured vehicles in the defence sector is increasingly evolving and military organisations around the globe are experimenting with their use in an attempt to understand what actually such systems can bring and how they can best be incorporated into existing power structures.

Key Topics Covered:

1. Executive Summary

2. Armored Vehicles Market Characteristics

3. Armored Vehicles Market Trends And Strategies

4. Impact Of COVID-19 On Armored Vehicles

5. Armored Vehicles Market Size And Growth

5.1. Global Armored Vehicles Historic Market, 2015-2020, $ Billion

5.1.1. Drivers Of The Market

5.1.2. Restraints On The Market

5.2. Global Armored Vehicles Forecast Market, 2020-2025F, 2030F, $ Billion

5.2.1. Drivers Of The Market

5.2.2. Restraints On the Market

6. Armored Vehicles Market Segmentation

6.1. Global Armored Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Armored Personnel Carrier
• Infantry Fighting Vehicle
• Main Battle Tanks
• Tactical Truck
• Bus
• Other

6.2. Global Armored Vehicles Market, Segmentation By Platform, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Combat Vehicles
• Combat Support Vehicles
• Unmanned Armored Ground Vehicles

6.3. Global Armored Vehicles Market, Segmentation By System, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Engine
• Drive System
• Ballistic Armor
• Fire Control System (Fcs)
• Armaments
• Ammunition Handling System
• Countermeasure System
• Command And Control System
• Others

6.4. Global Armored Vehicles Market, Segmentation By System, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Engine
• Drive System
• Ballistic Armor
• Fire Control System (Fcs)
• Armaments
• Ammunition Handling System
• Countermeasure System
• Command And Control System
• Others

6.5. Global Armored Vehicles Market, Segmentation By Mobility, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Tracked
• Wheeled
• 4X4
• 6X6
• 8X8
• Others

7. Armored Vehicles Market Regional And Country Analysis

7.1. Global Armored Vehicles Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

7.2. Global Armored Vehicles Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

Companies Mentioned

• BAE Systems
• Oshkosh Corp
• International Armored Group
• General Dynamics Land Systems
• Textron
• Rheinmetall
• Lockheed Martin
• Krauss-Maffei Wegmann
• INKAS Armored Vehicle
• Elbit Systems
• IVECO
• Lenco Industries
• Navistar
• Thales Group
• STREIT Group
• UralVagonZavod
• Ukroboronprom
• NORINCO
• BMW
• Ford Motor Company
• The Raytheon
• Mitsubishi Heavy Industries
• Hyundai

For more information about this report visit https://www.researchandmarkets.com/r/1s48w7