The Military Armoured Vehicle Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

The Increasing Prevalence of Urban Warfare Coupled with Rising Demand For Advanced Technology In Armoured Vehicles
The increasing demand for lightweight armoured vehicles stems from a dynamic global security landscape that requires swift and agile responses. Modern military and law enforcement operations prioritize mobility without compromising protection. Lightweight armoured vehicles, equipped with advanced materials like composite armour, offer a balance between agility and defensive capabilities. Moreover, the rise of asymmetrical warfare and urban conflicts necessitates vehicles that can navigate diverse terrains easily. Beyond the military, there is a growing need for such vehicles in peacekeeping missions, border control, and counter-terrorism efforts.

Technological advancements in materials and design have played a pivotal role in the development of lightweight armour solutions, creating lucrative opportunities for manufacturers to develop advanced vehicles that are not only robust but also significantly lighter than their traditional counterparts. For instance, in November 2023, Russia’s state-owned arms company, Rosoboronexport was selected by the Indian Army to procure 2,600 modern combat vehicles such as lightweight armoured vehicles and the future infantry combat vehicle (FICV). Also, in July 2022, the Ministry of Defense in India decided to buy 800 light armoured multipurpose vehicles (LAMVs) for deployment along China and Pakistan borders.

Increased Investment in Combat Vehicle Modernization
In recent years, the global landscape of warfare has undergone significant transformations due to integration of technological advancements. As nations aims to maintain military superiority and modernization of combat vehicle has become an imperative. Whereas the increasing complexity of security challenges demands a proactive approach to ensure that military forces are equipped with cutting-edge technology. However, a growing trend towards obsolescence in combat vehicles poses a threat to national security, emphasizing the urgency of increased investment in modernization efforts.

One of the primary reasons behind the necessity for heightened investment in combat vehicle modernization is the rapid pace of technological innovation. As adversaries develop and deploy sophisticated weaponry, the need for responsive and advanced combat vehicles becomes paramount. Without continuous upgrades, existing military assets risk becoming obsolete, compromising a nation’s defense capabilities. Increased investment is essential to stay ahead of emerging threats and to equip military forces with the tools necessary to counter evolving challenges effectively.

What Questions Should You Ask before Buying a Market Research Report?

  • How is the military armoured vehicle market evolving?
  • What is driving and restraining the military armoured vehicle market?
  • How will each military armoured vehicle submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
  • How will the market shares for each military armoured vehicle submarket develop from 2024 to 2034?
  • What will be the main driver for the overall market from 2024 to 2034?
  • Will leading military armoured vehicle markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
  • How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
  • Who are the leading players and what are their prospects over the forecast period?
  • What are the military armoured vehicle projects for these leading companies?
  • How will the industry evolve during the period between 2024 and 2034? What are the implications of military armoured vehicle projects taking place now and over the next 10 years?
  • Is there a greater need for product commercialisation to further scale the military armoured vehicle market?
  • Where is the military armoured vehicle market heading and how can you ensure you are at the forefront of the market?
  • What are the best investment options for new product and service lines?
  • What are the key prospects for moving companies into a new growth path and C-suite?

You need to discover how this will impact the military armoured vehicle market today, and over the next 10 years:
  • Our 340-page report provides 127 tables and 195 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – NOW.
  • It contains in-depth analysis of global, regional and national sales and growth.
  • It highlights for you the key successful trends, changes and revenue projections made by your competitors.

This report tells you TODAY how the military armoured vehicle market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2034 and other analyses reveal commercial prospects

  • In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
  • You will find original analyses, with business outlooks and developments.
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising military armoured vehicle prices and recent developments.

This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

Segments Covered in the Report

Point of Sale

  • Original Equipment Manufacturer (OEM), Retrofit
  • OFDR (Optical Frequency Domain Reflectometry)
  • Combat Vehicles
  • Combat Support Vehicles
  • Unmanned Armoured Vehicles
Combat Vehicles
  • Main Battle Tanks (MBTs)
  • Infantry Fighting Vehicles (IFVs)
  • Armoured Personnel Carriers (APCs)
  • Armoured Amphibious Vehicles (AAVs)
  • Mine-resistant Ambush Protected (MRAP)
  • Light Protected Vehicles (LPVs)
  • Self-propelled Howitzers (SPHs)
  • Air Defence Vehicles
  • Other Combat
Combat Support Vehicles
  • Armoured Supply Trucks
  • Armoured Command & Control Vehicles
  • Repair and Recovery Vehicles
  • Bridge-laying Tanks
  • Mine Clearance Vehicles
  • Other Combat Support Vehicles