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Global Armored Fighting Vehicles Market Research Report 2025
Synopsis
An armoured fighting vehicle is an armed combat vehicle protected by armour, generally combining operational mobility with offensive and defensive capabilities. AFVs can be wheeled or tracked. Main battle tanks, armoured cars, armoured self-propelled guns, and armoured personnel carriers are all examples of AFVs.
The global Armored Fighting Vehicles market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Armored Fighting Vehicles is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Armored Fighting Vehicles is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Armored Fighting Vehicles include General Dynamics Corporation (US), BAE Systems(UK), Textron Inc(US), Oshkosh Corporation (US), Elbit Systems Ltd. (Israel), Thales Group (France), Lockheed Martin (US), Rheinmetall AG (Germany) and Denel Land Systems (South Africa), etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Armored Fighting Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Armored Fighting Vehicles.
Report Scope
The Armored Fighting Vehicles market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Armored Fighting Vehicles market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Armored Fighting Vehicles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
General Dynamics Corporation (US)
BAE Systems(UK)
Textron Inc(US)
Oshkosh Corporation (US)
Elbit Systems Ltd. (Israel)
Thales Group (France)
Lockheed Martin (US)
Rheinmetall AG (Germany)
Denel Land Systems (South Africa)
Sabiex International (Belgium)
Diehl Defense (Germany)
Segment by Type
APC
IFV
MRAP
MBT
Other Types
Segment by Application
Military
Commercial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Armored Fighting Vehicles manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Armored Fighting Vehicles by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Armored Fighting Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
An armoured fighting vehicle is an armed combat vehicle protected by armour, generally combining operational mobility with offensive and defensive capabilities. AFVs can be wheeled or tracked. Main battle tanks, armoured cars, armoured self-propelled guns, and armoured personnel carriers are all examples of AFVs.
The global Armored Fighting Vehicles market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Armored Fighting Vehicles is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Armored Fighting Vehicles is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Armored Fighting Vehicles include General Dynamics Corporation (US), BAE Systems(UK), Textron Inc(US), Oshkosh Corporation (US), Elbit Systems Ltd. (Israel), Thales Group (France), Lockheed Martin (US), Rheinmetall AG (Germany) and Denel Land Systems (South Africa), etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Armored Fighting Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Armored Fighting Vehicles.
Report Scope
The Armored Fighting Vehicles market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Armored Fighting Vehicles market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Armored Fighting Vehicles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
General Dynamics Corporation (US)
BAE Systems(UK)
Textron Inc(US)
Oshkosh Corporation (US)
Elbit Systems Ltd. (Israel)
Thales Group (France)
Lockheed Martin (US)
Rheinmetall AG (Germany)
Denel Land Systems (South Africa)
Sabiex International (Belgium)
Diehl Defense (Germany)
Segment by Type
APC
IFV
MRAP
MBT
Other Types
Segment by Application
Military
Commercial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Armored Fighting Vehicles manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Armored Fighting Vehicles by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Armored Fighting Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Armored Fighting Vehicles Market Overview
1.1 Product Definition
1.2 Armored Fighting Vehicles Segment by Type
1.2.1 Global Armored Fighting Vehicles Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 APC
1.2.3 IFV
1.2.4 MRAP
1.2.5 MBT
1.2.6 Other Types
1.3 Armored Fighting Vehicles Segment by Application
1.3.1 Global Armored Fighting Vehicles Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Military
1.3.3 Commercial
1.4 Global Market Growth Prospects
1.4.1 Global Armored Fighting Vehicles Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Armored Fighting Vehicles Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Armored Fighting Vehicles Production Estimates and Forecasts (2019-2030)
1.4.4 Global Armored Fighting Vehicles Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Armored Fighting Vehicles Production Market Share by Manufacturers (2019-2024)
2.2 Global Armored Fighting Vehicles Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Armored Fighting Vehicles, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Armored Fighting Vehicles Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Armored Fighting Vehicles Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Armored Fighting Vehicles, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Armored Fighting Vehicles, Product Offered and Application
2.8 Global Key Manufacturers of Armored Fighting Vehicles, Date of Enter into This Industry
2.9 Armored Fighting Vehicles Market Competitive Situation and Trends
2.9.1 Armored Fighting Vehicles Market Concentration Rate
2.9.2 Global 5 and 10 Largest Armored Fighting Vehicles Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Armored Fighting Vehicles Production by Region
3.1 Global Armored Fighting Vehicles Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Armored Fighting Vehicles Production Value by Region (2019-2030)
3.2.1 Global Armored Fighting Vehicles Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Armored Fighting Vehicles by Region (2025-2030)
3.3 Global Armored Fighting Vehicles Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Armored Fighting Vehicles Production by Region (2019-2030)
3.4.1 Global Armored Fighting Vehicles Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Armored Fighting Vehicles by Region (2025-2030)
3.5 Global Armored Fighting Vehicles Market Price Analysis by Region (2019-2024)
3.6 Global Armored Fighting Vehicles Production and Value, Year-over-Year Growth
3.6.1 North America Armored Fighting Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Armored Fighting Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Armored Fighting Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Armored Fighting Vehicles Production Value Estimates and Forecasts (2019-2030)
4 Armored Fighting Vehicles Consumption by Region
4.1 Global Armored Fighting Vehicles Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Armored Fighting Vehicles Consumption by Region (2019-2030)
4.2.1 Global Armored Fighting Vehicles Consumption by Region (2019-2024)
4.2.2 Global Armored Fighting Vehicles Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Armored Fighting Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Armored Fighting Vehicles Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Armored Fighting Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Armored Fighting Vehicles Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Armored Fighting Vehicles Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Armored Fighting Vehicles Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Armored Fighting Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Armored Fighting Vehicles Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Armored Fighting Vehicles Production by Type (2019-2030)
5.1.1 Global Armored Fighting Vehicles Production by Type (2019-2024)
5.1.2 Global Armored Fighting Vehicles Production by Type (2025-2030)
5.1.3 Global Armored Fighting Vehicles Production Market Share by Type (2019-2030)
5.2 Global Armored Fighting Vehicles Production Value by Type (2019-2030)
5.2.1 Global Armored Fighting Vehicles Production Value by Type (2019-2024)
5.2.2 Global Armored Fighting Vehicles Production Value by Type (2025-2030)
5.2.3 Global Armored Fighting Vehicles Production Value Market Share by Type (2019-2030)
5.3 Global Armored Fighting Vehicles Price by Type (2019-2030)
6 Segment by Application
6.1 Global Armored Fighting Vehicles Production by Application (2019-2030)
6.1.1 Global Armored Fighting Vehicles Production by Application (2019-2024)
6.1.2 Global Armored Fighting Vehicles Production by Application (2025-2030)
6.1.3 Global Armored Fighting Vehicles Production Market Share by Application (2019-2030)
6.2 Global Armored Fighting Vehicles Production Value by Application (2019-2030)
6.2.1 Global Armored Fighting Vehicles Production Value by Application (2019-2024)
6.2.2 Global Armored Fighting Vehicles Production Value by Application (2025-2030)
6.2.3 Global Armored Fighting Vehicles Production Value Market Share by Application (2019-2030)
6.3 Global Armored Fighting Vehicles Price by Application (2019-2030)
7 Key Companies Profiled
7.1 General Dynamics Corporation (US)
7.1.1 General Dynamics Corporation (US) Armored Fighting Vehicles Corporation Information
7.1.2 General Dynamics Corporation (US) Armored Fighting Vehicles Product Portfolio
7.1.3 General Dynamics Corporation (US) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.1.4 General Dynamics Corporation (US) Main Business and Markets Served
7.1.5 General Dynamics Corporation (US) Recent Developments/Updates
7.2 BAE Systems(UK)
7.2.1 BAE Systems(UK) Armored Fighting Vehicles Corporation Information
7.2.2 BAE Systems(UK) Armored Fighting Vehicles Product Portfolio
7.2.3 BAE Systems(UK) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.2.4 BAE Systems(UK) Main Business and Markets Served
7.2.5 BAE Systems(UK) Recent Developments/Updates
7.3 Textron Inc(US)
7.3.1 Textron Inc(US) Armored Fighting Vehicles Corporation Information
7.3.2 Textron Inc(US) Armored Fighting Vehicles Product Portfolio
7.3.3 Textron Inc(US) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Textron Inc(US) Main Business and Markets Served
7.3.5 Textron Inc(US) Recent Developments/Updates
7.4 Oshkosh Corporation (US)
7.4.1 Oshkosh Corporation (US) Armored Fighting Vehicles Corporation Information
7.4.2 Oshkosh Corporation (US) Armored Fighting Vehicles Product Portfolio
7.4.3 Oshkosh Corporation (US) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Oshkosh Corporation (US) Main Business and Markets Served
7.4.5 Oshkosh Corporation (US) Recent Developments/Updates
7.5 Elbit Systems Ltd. (Israel)
7.5.1 Elbit Systems Ltd. (Israel) Armored Fighting Vehicles Corporation Information
7.5.2 Elbit Systems Ltd. (Israel) Armored Fighting Vehicles Product Portfolio
7.5.3 Elbit Systems Ltd. (Israel) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Elbit Systems Ltd. (Israel) Main Business and Markets Served
7.5.5 Elbit Systems Ltd. (Israel) Recent Developments/Updates
7.6 Thales Group (France)
7.6.1 Thales Group (France) Armored Fighting Vehicles Corporation Information
7.6.2 Thales Group (France) Armored Fighting Vehicles Product Portfolio
7.6.3 Thales Group (France) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Thales Group (France) Main Business and Markets Served
7.6.5 Thales Group (France) Recent Developments/Updates
7.7 Lockheed Martin (US)
7.7.1 Lockheed Martin (US) Armored Fighting Vehicles Corporation Information
7.7.2 Lockheed Martin (US) Armored Fighting Vehicles Product Portfolio
7.7.3 Lockheed Martin (US) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Lockheed Martin (US) Main Business and Markets Served
7.7.5 Lockheed Martin (US) Recent Developments/Updates
7.8 Rheinmetall AG (Germany)
7.8.1 Rheinmetall AG (Germany) Armored Fighting Vehicles Corporation Information
7.8.2 Rheinmetall AG (Germany) Armored Fighting Vehicles Product Portfolio
7.8.3 Rheinmetall AG (Germany) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Rheinmetall AG (Germany) Main Business and Markets Served
7.7.5 Rheinmetall AG (Germany) Recent Developments/Updates
7.9 Denel Land Systems (South Africa)
7.9.1 Denel Land Systems (South Africa) Armored Fighting Vehicles Corporation Information
7.9.2 Denel Land Systems (South Africa) Armored Fighting Vehicles Product Portfolio
7.9.3 Denel Land Systems (South Africa) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Denel Land Systems (South Africa) Main Business and Markets Served
7.9.5 Denel Land Systems (South Africa) Recent Developments/Updates
7.10 Sabiex International (Belgium)
7.10.1 Sabiex International (Belgium) Armored Fighting Vehicles Corporation Information
7.10.2 Sabiex International (Belgium) Armored Fighting Vehicles Product Portfolio
7.10.3 Sabiex International (Belgium) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Sabiex International (Belgium) Main Business and Markets Served
7.10.5 Sabiex International (Belgium) Recent Developments/Updates
7.11 Diehl Defense (Germany)
7.11.1 Diehl Defense (Germany) Armored Fighting Vehicles Corporation Information
7.11.2 Diehl Defense (Germany) Armored Fighting Vehicles Product Portfolio
7.11.3 Diehl Defense (Germany) Armored Fighting Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Diehl Defense (Germany) Main Business and Markets Served
7.11.5 Diehl Defense (Germany) Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Armored Fighting Vehicles Industry Chain Analysis
8.2 Armored Fighting Vehicles Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Armored Fighting Vehicles Production Mode & Process
8.4 Armored Fighting Vehicles Sales and Marketing
8.4.1 Armored Fighting Vehicles Sales Channels
8.4.2 Armored Fighting Vehicles Distributors
8.5 Armored Fighting Vehicles Customers
9 Armored Fighting Vehicles Market Dynamics
9.1 Armored Fighting Vehicles Industry Trends
9.2 Armored Fighting Vehicles Market Drivers
9.3 Armored Fighting Vehicles Market Challenges
9.4 Armored Fighting Vehicles Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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