The Military Armored Vehicles and Counter-IED Vehicles Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Product (Infantry fighting vehicle (IFV), Armored personnel carrier (APC), Main battle tank (MBT), Self-propelled howitzer (SPH), Others), By Mobility Type (Wheeled, Tracked).
The Military Armored Vehicles and Counter-IED Vehicles Market in 2024 signifies the advancements in defense technologies to enhance protection and mobility on the battlefield. Characterized by armored personnel carriers, mine-resistant vehicles, and counter-improvised explosive device (IED) platforms, the market addresses the evolving threats faced by military forces. With a focus on ballistic protection, situational awareness, and mission adaptability, the Military Armored Vehicles Market contributes to the safety and effectiveness of military operations.
A prominent trend in the Military Armored Vehicles and Counter-IED Vehicles Market is the integration of advanced technologies. Military vehicles are increasingly incorporating cutting-edge technologies such as artificial intelligence, autonomous systems, and advanced sensor suites. This trend aims to enhance situational awareness, improve communication, and provide superior protection against evolving threats. The integration of these technologies not only boosts the capabilities of armored vehicles but also aligns with the modernization efforts of armed forces worldwide, emphasizing the importance of staying ahead in the technological arms race.
A key driver for the Military Armored Vehicles and Counter-IED Vehicles Market is the heightened focus on military modernization and the evolving nature of security threats. Governments globally are investing in upgrading their defense capabilities to address emerging challenges, including asymmetric warfare, insurgency, and the proliferation of improvised explosive devices (IEDs). The need for advanced armored vehicles, equipped with the latest technologies and enhanced protection features, is driven by the imperative to ensure the safety and effectiveness of military operations in diverse and dynamic threat environments.
A potential opportunity in the Military Armored Vehicles and Counter-IED Vehicles Market lies in the rising demand for counter-IED (Improvised Explosive Device) solutions. With the persistent threat of unconventional warfare and terrorist activities employing IEDs, there is a growing need for military vehicles specifically designed to counter these threats. Manufacturers can capitalize on this opportunity by developing and offering specialized counter-IED vehicles that provide increased protection, detection, and mitigation capabilities. Addressing the specific challenges posed by IEDs presents a niche market opportunity within the broader military armored vehicles segment, driven by the ongoing need for effective countermeasures in conflict zones.
By Product
Mobility By Type
Geographical Analysis
*List not exhaustive
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TABLE OF CONTENTS
1 Introduction to 2024 Military Armored Vehicles and Counter-IED Vehicles Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Military Armored Vehicles and Counter-IED Vehicles Market Size Outlook, $ Million, 2021 to 2030
3.2 Military Armored Vehicles and Counter-IED Vehicles Market Outlook by Type, $ Million, 2021 to 2030
3.3 Military Armored Vehicles and Counter-IED Vehicles Market Outlook by Product, $ Million, 2021 to 2030
3.4 Military Armored Vehicles and Counter-IED Vehicles Market Outlook by Application, $ Million, 2021 to 2030
3.5 Military Armored Vehicles and Counter-IED Vehicles Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Military Armored Vehicles and Counter-IED Vehicles Market Industry
4.2 Key Market Trends in Military Armored Vehicles and Counter-IED Vehicles Market Industry
4.3 Potential Opportunities in Military Armored Vehicles and Counter-IED Vehicles Market Industry
4.4 Key Challenges in Military Armored Vehicles and Counter-IED Vehicles Market Industry
5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Military Armored Vehicles and Counter-IED Vehicles Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Military Armored Vehicles and Counter-IED Vehicles Market Outlook By Segments
7.1 Military Armored Vehicles and Counter-IED Vehicles Market Outlook by Segments
By Product
Infantry fighting vehicle (IFV)
Armored personnel carrier (APC)
Main battle tank (MBT)
Self-propelled howitzer (SPH)
Others
Mobility By Type
Wheeled
Tracked
8 North America Military Armored Vehicles and Counter-IED Vehicles Market Analysis And Outlook To 2030
8.1 Introduction to North America Military Armored Vehicles and Counter-IED Vehicles Markets in 2024
8.2 North America Military Armored Vehicles and Counter-IED Vehicles Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Military Armored Vehicles and Counter-IED Vehicles Market size Outlook by Segments, 2021-2030
By Product
Infantry fighting vehicle (IFV)
Armored personnel carrier (APC)
Main battle tank (MBT)
Self-propelled howitzer (SPH)
Others
Mobility By Type
Wheeled
Tracked
9 Europe Military Armored Vehicles and Counter-IED Vehicles Market Analysis And Outlook To 2030
9.1 Introduction to Europe Military Armored Vehicles and Counter-IED Vehicles Markets in 2024
9.2 Europe Military Armored Vehicles and Counter-IED Vehicles Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Military Armored Vehicles and Counter-IED Vehicles Market Size Outlook By Segments, 2021-2030
By Product
Infantry fighting vehicle (IFV)
Armored personnel carrier (APC)
Main battle tank (MBT)
Self-propelled howitzer (SPH)
Others
Mobility By Type
Wheeled
Tracked
10 Asia Pacific Military Armored Vehicles and Counter-IED Vehicles Market Analysis And Outlook To 2030
10.1 Introduction to Asia Pacific Military Armored Vehicles and Counter-IED Vehicles Markets in 2024
10.2 Asia Pacific Military Armored Vehicles and Counter-IED Vehicles Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Military Armored Vehicles and Counter-IED Vehicles Market size Outlook by Segments, 2021-2030
By Product
Infantry fighting vehicle (IFV)
Armored personnel carrier (APC)
Main battle tank (MBT)
Self-propelled howitzer (SPH)
Others
Mobility By Type
Wheeled
Tracked
11 South America Military Armored Vehicles and Counter-IED Vehicles Market Analysis And Outlook To 2030
11.1 Introduction to South America Military Armored Vehicles and Counter-IED Vehicles Markets in 2024
11.2 South America Military Armored Vehicles and Counter-IED Vehicles Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Military Armored Vehicles and Counter-IED Vehicles Market size Outlook by Segments, 2021-2030
By Product
Infantry fighting vehicle (IFV)
Armored personnel carrier (APC)
Main battle tank (MBT)
Self-propelled howitzer (SPH)
Others
Mobility By Type
Wheeled
Tracked
12 Middle East And Africa Military Armored Vehicles and Counter-IED Vehicles Market Analysis And Outlook To 2030
12.1 Introduction to Middle East and Africa Military Armored Vehicles and Counter-IED Vehicles Markets in 2024
12.2 Middle East and Africa Military Armored Vehicles and Counter-IED Vehicles Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Military Armored Vehicles and Counter-IED Vehicles Market size Outlook by Segments, 2021-2030
By Product
Infantry fighting vehicle (IFV)
Armored personnel carrier (APC)
Main battle tank (MBT)
Self-propelled howitzer (SPH)
Others
Mobility By Type
Wheeled
Tracked
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
AB Volvo
Alpine Armoring Inc.
BAE Systems Plc
Denel SOC Ltd.
General Dynamics Corp.
Hyundai Motor Co.
International Armored Group
KNDS N.V.
Lockheed Martin Corp.
Milkor Pty Ltd.
NORINCOGROUP.com Inc.
Northrop Grumman Corp.
Oshkosh Corp.
Renault SAS
Rheinmetall AG
Rostec
SAUDI GROUPS
SVI ENGINEERING
STREIT Group
Traton SE
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Mobility By Type
Geographical Analysis
The global Military Armored Vehicles and Counter IED Vehicles Market is one of the lucrative growth markets, poised to register a 4.4% growth (CAGR) between 2024 and 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AB Volvo, Alpine Armoring Inc., BAE Systems Plc, Denel SOC Ltd., General Dynamics Corp., Hyundai Motor Co., International Armored Group, KNDS N.V., Lockheed Martin Corp., Milkor Pty Ltd., NORINCOGROUP.com Inc., Northrop Grumman Corp., Oshkosh Corp., Renault SAS, Rheinmetall AG, Rostec, SAUDI GROUPS, SVI ENGINEERING, STREIT Group, and Traton SE
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume