Table of Content

1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16

2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 32
2.4 Emerging Opportunities and Market Trends 35
2.5 Porter’s Fiver Forces Analysis 39

3 Segmentation of Asia Pacific Market by Armor 43
3.1 Market Overview by Armor 43
3.2 Passive-armor Vehicles 45
3.3 Active-armor Vehicles 46

4 Segmentation of Asia Pacific Market by Drive Type 48
4.1 Market Overview by Drive Type 48
4.2 Wheeled Armored Vehicles 50
4.2.1 4X4 Wheeled Armored Vehicles 51
4.2.2 6X6 Wheeled Armored Vehicles 52
4.2.3 8X8 Wheeled Armored Vehicles 53
4.3 Tracked Armored Vehicles 54

5 Segmentation of Asia Pacific Market by Category 55
5.1 Market Overview by Category 55
5.2 Conventional Armored Vehicles 57
5.3 Electric Armored Vehicles 58

6 Segmentation of Asia Pacific Market by Vehicle Type 59
6.1 Market Overview by Vehicle Type 59
6.2 Armored Personnel Carrier (APC) 61
6.3 Infantry Fighting Vehicle (IFV) 62
6.4 Main Battle Tank (MBT) 63
6.5 Light Multi-role Vehicle (LMV) 64
6.6 Mine Resistant Ambush Protected (MRAP) 65
6.7 Armored Support Vehicle 66
6.8 Tactical Truck 67
6.9 Other Armored Vehicles 68

7 Segmentation of Asia Pacific Market by Application 69
7.1 Market Overview by Application 69
7.2 Defense 71
7.3 Commercial Use 72

8 Asia-Pacific Market 2020-2030 by Country 73
8.1 Overview of Asia-Pacific Market 73
8.2 Japan 76
8.3 China 79
8.4 Australia 81
8.5 India 83
8.6 South Korea 85
8.7 Rest of APAC Region 87

9 Competitive Landscape 89
9.1 Overview of Key Vendors 89
9.2 New Product Launch, Partnership, Investment, and M&A 92
9.3 Company Profiles 93
BAE Systems 93
China North Industries Corporation (Norinco) 95
General Dynamics Corporation 96
INKAS Armored Vehicle Manufacturing 97
International Armored Group 98
Krauss-Maffei Wegmann (KMW) 99
Lenco Industries Inc. 100
Lockheed Martin Corporation 101
Oshkosh Defense LLC 102
Rheinmetall AG 103
STREIT Group 104
Textron Inc. 105

10 Investing in Asia Pacific Market: Risk Assessment and Management 106
10.1 Risk Evaluation of Asia Pacific Market 106
10.2 Critical Success Factors (CSFs) 109
Related Reports and Products 112



List of Figures


Figure 1. Research Method Flow Chart 10
Figure 2. Breakdown of Primary Research 12
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 4. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030 16
Figure 5. Asia Pacific Armored Vehicle Market, 2020-2030, $ mn 19
Figure 6. Impact of COVID-19 on Business 23
Figure 7. Primary Drivers and Impact Factors of Asia Pacific Armored Vehicle Market 25
Figure 8. World Military Expenditure by Region, 1988-2019 28
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Armored Vehicle Market 32
Figure 10. Investment Opportunity Analysis 36
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Armored Vehicle Market 39
Figure 12. Breakdown of Asia Pacific Armored Vehicle Market by Armor, 2020-2030, % of Revenue 44
Figure 13. Asia Pacific Addressable Market Cap in 2021-2030 by Armor, Value ($ mn) and Share (%) 44
Figure 14. Asia Pacific Armored Vehicle Market: Passive-armor Vehicles, 2020-2030, $ mn 45
Figure 15. Asia Pacific Armored Vehicle Market: Active-armor Vehicles, 2020-2030, $ mn 46
Figure 16. Breakdown of Asia Pacific Armored Vehicle Market by Drive Type, 2020-2030, % of Sales Revenue 49
Figure 17. Asia Pacific Addressable Market Cap in 2021-2030 by Drive Type, Value ($ mn) and Share (%) 49
Figure 18. Asia Pacific Armored Vehicle Market: Wheeled Armored Vehicles, 2020-2030, $ mn 50
Figure 19. Asia Pacific Armored Vehicle Market: 4X4 Wheeled Armored Vehicles, 2020-2030, $ mn 51
Figure 20. Asia Pacific Armored Vehicle Market: 6X6 Wheeled Armored Vehicles, 2020-2030, $ mn 52
Figure 21. Asia Pacific Armored Vehicle Market: 8X8 Wheeled Armored Vehicles, 2020-2030, $ mn 53
Figure 22. Asia Pacific Armored Vehicle Market: Tracked Armored Vehicles, 2020-2030, $ mn 54
Figure 23. Breakdown of Asia Pacific Armored Vehicle Market by Category, 2020-2030, % of Sales Revenue 56
Figure 24. Asia Pacific Addressable Market Cap in 2021-2030 by Category, Value ($ mn) and Share (%) 56
Figure 25. Asia Pacific Armored Vehicle Market: Conventional Armored Vehicles, 2020-2030, $ mn 57
Figure 26. Asia Pacific Armored Vehicle Market: Electric Armored Vehicles, 2020-2030, $ mn 58
Figure 27. Breakdown of Asia Pacific Armored Vehicle Market by Vehicle Type, 2020-2030, % of Revenue 60
Figure 28. Asia Pacific Addressable Market Cap in 2021-2030 by Vehicle Type, Value ($ mn) and Share (%) 60
Figure 29. Asia Pacific Armored Vehicle Market: Armored Personnel Carrier (APC), 2020-2030, $ mn 61
Figure 30. Asia Pacific Armored Vehicle Market: Infantry Fighting Vehicle (IFV), 2020-2030, $ mn 62
Figure 31. Asia Pacific Armored Vehicle Market: Main Battle Tank (MBT), 2020-2030, $ mn 63
Figure 32. Asia Pacific Armored Vehicle Market: Light Multi-role Vehicle (LMV), 2020-2030, $ mn 64
Figure 33. Asia Pacific Armored Vehicle Market: Mine Resistant Ambush Protected (MRAP), 2020-2030, $ mn 65
Figure 34. Asia Pacific Armored Vehicle Market: Armored Support Vehicle, 2020-2030, $ mn 66
Figure 35. Asia Pacific Armored Vehicle Market: Tactical Truck, 2020-2030, $ mn 67
Figure 36. Asia Pacific Armored Vehicle Market: Other Armored Vehicles, 2020-2030, $ mn 68
Figure 37. Breakdown of Asia Pacific Armored Vehicle Market by Application, 2020-2030, % of Revenue 70
Figure 38. Asia Pacific Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 70
Figure 39. Asia Pacific Armored Vehicle Market: Defense, 2020-2030, $ mn 71
Figure 40. Asia Pacific Armored Vehicle Market: Commercial Use, 2020-2030, $ mn 72
Figure 41. Breakdown of APAC Armored Vehicle Market by Country, 2020 and 2030, % of Revenue 74
Figure 42. Contribution to APAC 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 75
Figure 43. Armored Vehicle Market in Japan, 2020-2030, $ mn 77
Figure 44. Armored Vehicle Market in China, 2020-2030, $ mn 79
Figure 45. Armored Vehicle Market in Australia, 2020-2030, $ mn 81
Figure 46. Armored Vehicle Market in India, 2020-2030, $ mn 83
Figure 47. Armored Vehicle Market in South Korea, 2020-2030, $ mn 85
Figure 48. Armored Vehicle Market in Rest of APAC, 2020-2030, $ mn 87
Figure 49. Growth Stage of Asia Pacific Armored Vehicle Industry over the Forecast Period 89


List of Tables


Table 1. Snapshot of Asia Pacific Armored Vehicle Market in Balanced Perspective, 2020-2030 17
Table 2. Growth Rate of World Real GDP, 2017-2021 21
Table 3. Main Product Trends and Market Opportunities in Asia Pacific Armored Vehicle Market 35
Table 4. Asia Pacific Armored Vehicle Market by Armor, 2020-2030, $ mn 43
Table 5. Asia Pacific Armored Vehicle Market by Drive Type, 2020-2030, $ mn 48
Table 6. Asia Pacific Armored Vehicle Market: Wheeled Armored Vehicles by Type, 2020-2030, $ mn 50
Table 7. Asia Pacific Armored Vehicle Market by Category, 2020-2030, $ mn 55
Table 8. Asia Pacific Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 59
Table 9. Asia Pacific Armored Vehicle Market by Application, 2020-2030, $ mn 69
Table 10. APAC Armored Vehicle Market by Country, 2020-2030, $ mn 74
Table 11. Japan Armored Vehicle Market by Drive Type, 2020-2030, $ mn 78
Table 12. Japan Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 78
Table 13. Japan Armored Vehicle Market by Application, 2020-2030, $ mn 78
Table 14. China Armored Vehicle Market by Drive Type, 2020-2030, $ mn 80
Table 15. China Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 80
Table 16. China Armored Vehicle Market by Application, 2020-2030, $ mn 80
Table 17. Australia Armored Vehicle Market by Drive Type, 2020-2030, $ mn 82
Table 18. Australia Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 82
Table 19. Australia Armored Vehicle Market by Application, 2020-2030, $ mn 82
Table 20. India Armored Vehicle Market by Drive Type, 2020-2030, $ mn 84
Table 21. India Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 84
Table 22. India Armored Vehicle Market by Application, 2020-2030, $ mn 84
Table 23. South Korea Armored Vehicle Market by Drive Type, 2020-2030, $ mn 86
Table 24. South Korea Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 86
Table 25. South Korea Armored Vehicle Market by Application, 2020-2030, $ mn 86
Table 26. Armored Vehicle Market in Rest of APAC by Country, 2020-2030, $ mn 88
Table 27. BAE Systems: Company Snapshot 93
Table 28. BAE Systems: Business Segmentation 93
Table 29. BAE Systems: Product Portfolio 94
Table 30. BAE Systems: Revenue, 2017-2019, $ mn 94
Table 31. Risk Evaluation for Investing in Asia Pacific Market, 2020-2030 107
Table 32. Critical Success Factors and Key Takeaways 110