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Global Armored Vehicles Upgrade and Retrofit Market Research Report 2024
Synopsis
Armored vehicles refer to transportation and land combat vehicles used for various offensive and defensive operations. They are commonly employed for the transportation of military personnel and cargo as well as operating in active combats. These vehicles are often armed with weapons and protected by an armor against shell fragments, bullets and other projectiles.
Several programs are being conducted to upgrade the equipment and systems in old armored vehicles across the globe. Led by the availability of modern and evolved warfare technologies, these programs are driving the growth of the upgrade and retrofit market. Additionally, many countries are expanding their military budgets on account of increasing terrorism and hostile activities. These activities have also resulted in the requirement of frequent repairing and installation of new parts in armored vehicles.
The global Armored Vehicles Upgrade and Retrofit market was valued at US$ 4253.3 million in 2023 and is anticipated to reach US$ 5070.7 million by 2030, witnessing a CAGR of 2.1% during the forecast period 2024-2030.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
This report aims to provide a comprehensive presentation of the global market for Armored Vehicles Upgrade and Retrofit, 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 Vehicles Upgrade and Retrofit.
Report Scope
The Armored Vehicles Upgrade and Retrofit market size, estimations, and forecasts are provided in terms of 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 Vehicles Upgrade and Retrofit 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 Vehicles Upgrade and Retrofit companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
AM General (US)
FNSS Savunma Sistemleri (UAE)
MKU (Inidia)
Oshkosh Defense (US)
Sabiex International (Belgium)
BAE Systems(UK)
Diehl Defence (Germany)
Elbit Systems (Israel)
General Dynamics (US)
Palbam (Israel)
Rheinmetall (Germany)
Thales Group (France)
Segment by Type
Main Battle Tank
Light Protected Vehicles
Amphibious Armored Vehicles
Mine-Resistant Ambush Protected
Infantry Fighting Vehicles
Armored Personnel Carriers
Others
Segment by Application
Military
Commercial
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Armored Vehicles Upgrade and Retrofit companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Armored vehicles refer to transportation and land combat vehicles used for various offensive and defensive operations. They are commonly employed for the transportation of military personnel and cargo as well as operating in active combats. These vehicles are often armed with weapons and protected by an armor against shell fragments, bullets and other projectiles.
Several programs are being conducted to upgrade the equipment and systems in old armored vehicles across the globe. Led by the availability of modern and evolved warfare technologies, these programs are driving the growth of the upgrade and retrofit market. Additionally, many countries are expanding their military budgets on account of increasing terrorism and hostile activities. These activities have also resulted in the requirement of frequent repairing and installation of new parts in armored vehicles.
The global Armored Vehicles Upgrade and Retrofit market was valued at US$ 4253.3 million in 2023 and is anticipated to reach US$ 5070.7 million by 2030, witnessing a CAGR of 2.1% during the forecast period 2024-2030.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
This report aims to provide a comprehensive presentation of the global market for Armored Vehicles Upgrade and Retrofit, 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 Vehicles Upgrade and Retrofit.
Report Scope
The Armored Vehicles Upgrade and Retrofit market size, estimations, and forecasts are provided in terms of 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 Vehicles Upgrade and Retrofit 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 Vehicles Upgrade and Retrofit companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
AM General (US)
FNSS Savunma Sistemleri (UAE)
MKU (Inidia)
Oshkosh Defense (US)
Sabiex International (Belgium)
BAE Systems(UK)
Diehl Defence (Germany)
Elbit Systems (Israel)
General Dynamics (US)
Palbam (Israel)
Rheinmetall (Germany)
Thales Group (France)
Segment by Type
Main Battle Tank
Light Protected Vehicles
Amphibious Armored Vehicles
Mine-Resistant Ambush Protected
Infantry Fighting Vehicles
Armored Personnel Carriers
Others
Segment by Application
Military
Commercial
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Armored Vehicles Upgrade and Retrofit companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Armored Vehicles Upgrade and Retrofit Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Main Battle Tank
1.2.3 Light Protected Vehicles
1.2.4 Amphibious Armored Vehicles
1.2.5 Mine-Resistant Ambush Protected
1.2.6 Infantry Fighting Vehicles
1.2.7 Armored Personnel Carriers
1.2.8 Others
1.3 Market by Application
1.3.1 Global Armored Vehicles Upgrade and Retrofit Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Military
1.3.3 Commercial
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Armored Vehicles Upgrade and Retrofit Market Perspective (2019-2030)
2.2 Armored Vehicles Upgrade and Retrofit Growth Trends by Region
2.2.1 Global Armored Vehicles Upgrade and Retrofit Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Armored Vehicles Upgrade and Retrofit Historic Market Size by Region (2019-2024)
2.2.3 Armored Vehicles Upgrade and Retrofit Forecasted Market Size by Region (2025-2030)
2.3 Armored Vehicles Upgrade and Retrofit Market Dynamics
2.3.1 Armored Vehicles Upgrade and Retrofit Industry Trends
2.3.2 Armored Vehicles Upgrade and Retrofit Market Drivers
2.3.3 Armored Vehicles Upgrade and Retrofit Market Challenges
2.3.4 Armored Vehicles Upgrade and Retrofit Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Armored Vehicles Upgrade and Retrofit Players by Revenue
3.1.1 Global Top Armored Vehicles Upgrade and Retrofit Players by Revenue (2019-2024)
3.1.2 Global Armored Vehicles Upgrade and Retrofit Revenue Market Share by Players (2019-2024)
3.2 Global Armored Vehicles Upgrade and Retrofit Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Armored Vehicles Upgrade and Retrofit Revenue
3.4 Global Armored Vehicles Upgrade and Retrofit Market Concentration Ratio
3.4.1 Global Armored Vehicles Upgrade and Retrofit Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Armored Vehicles Upgrade and Retrofit Revenue in 2023
3.5 Armored Vehicles Upgrade and Retrofit Key Players Head office and Area Served
3.6 Key Players Armored Vehicles Upgrade and Retrofit Product Solution and Service
3.7 Date of Enter into Armored Vehicles Upgrade and Retrofit Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Armored Vehicles Upgrade and Retrofit Breakdown Data by Type
4.1 Global Armored Vehicles Upgrade and Retrofit Historic Market Size by Type (2019-2024)
4.2 Global Armored Vehicles Upgrade and Retrofit Forecasted Market Size by Type (2025-2030)
5 Armored Vehicles Upgrade and Retrofit Breakdown Data by Application
5.1 Global Armored Vehicles Upgrade and Retrofit Historic Market Size by Application (2019-2024)
5.2 Global Armored Vehicles Upgrade and Retrofit Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Armored Vehicles Upgrade and Retrofit Market Size (2019-2030)
6.2 North America Armored Vehicles Upgrade and Retrofit Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Armored Vehicles Upgrade and Retrofit Market Size by Country (2019-2024)
6.4 North America Armored Vehicles Upgrade and Retrofit Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Armored Vehicles Upgrade and Retrofit Market Size (2019-2030)
7.2 Europe Armored Vehicles Upgrade and Retrofit Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Armored Vehicles Upgrade and Retrofit Market Size by Country (2019-2024)
7.4 Europe Armored Vehicles Upgrade and Retrofit Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Armored Vehicles Upgrade and Retrofit Market Size (2019-2030)
8.2 Asia-Pacific Armored Vehicles Upgrade and Retrofit Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Armored Vehicles Upgrade and Retrofit Market Size by Region (2019-2024)
8.4 Asia-Pacific Armored Vehicles Upgrade and Retrofit Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Armored Vehicles Upgrade and Retrofit Market Size (2019-2030)
9.2 Latin America Armored Vehicles Upgrade and Retrofit Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Armored Vehicles Upgrade and Retrofit Market Size by Country (2019-2024)
9.4 Latin America Armored Vehicles Upgrade and Retrofit Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Armored Vehicles Upgrade and Retrofit Market Size (2019-2030)
10.2 Middle East & Africa Armored Vehicles Upgrade and Retrofit Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Armored Vehicles Upgrade and Retrofit Market Size by Country (2019-2024)
10.4 Middle East & Africa Armored Vehicles Upgrade and Retrofit Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 AM General (US)
11.1.1 AM General (US) Company Detail
11.1.2 AM General (US) Business Overview
11.1.3 AM General (US) Armored Vehicles Upgrade and Retrofit Introduction
11.1.4 AM General (US) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.1.5 AM General (US) Recent Development
11.2 FNSS Savunma Sistemleri (UAE)
11.2.1 FNSS Savunma Sistemleri (UAE) Company Detail
11.2.2 FNSS Savunma Sistemleri (UAE) Business Overview
11.2.3 FNSS Savunma Sistemleri (UAE) Armored Vehicles Upgrade and Retrofit Introduction
11.2.4 FNSS Savunma Sistemleri (UAE) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.2.5 FNSS Savunma Sistemleri (UAE) Recent Development
11.3 MKU (Inidia)
11.3.1 MKU (Inidia) Company Detail
11.3.2 MKU (Inidia) Business Overview
11.3.3 MKU (Inidia) Armored Vehicles Upgrade and Retrofit Introduction
11.3.4 MKU (Inidia) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.3.5 MKU (Inidia) Recent Development
11.4 Oshkosh Defense (US)
11.4.1 Oshkosh Defense (US) Company Detail
11.4.2 Oshkosh Defense (US) Business Overview
11.4.3 Oshkosh Defense (US) Armored Vehicles Upgrade and Retrofit Introduction
11.4.4 Oshkosh Defense (US) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.4.5 Oshkosh Defense (US) Recent Development
11.5 Sabiex International (Belgium)
11.5.1 Sabiex International (Belgium) Company Detail
11.5.2 Sabiex International (Belgium) Business Overview
11.5.3 Sabiex International (Belgium) Armored Vehicles Upgrade and Retrofit Introduction
11.5.4 Sabiex International (Belgium) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.5.5 Sabiex International (Belgium) Recent Development
11.6 BAE Systems(UK)
11.6.1 BAE Systems(UK) Company Detail
11.6.2 BAE Systems(UK) Business Overview
11.6.3 BAE Systems(UK) Armored Vehicles Upgrade and Retrofit Introduction
11.6.4 BAE Systems(UK) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.6.5 BAE Systems(UK) Recent Development
11.7 Diehl Defence (Germany)
11.7.1 Diehl Defence (Germany) Company Detail
11.7.2 Diehl Defence (Germany) Business Overview
11.7.3 Diehl Defence (Germany) Armored Vehicles Upgrade and Retrofit Introduction
11.7.4 Diehl Defence (Germany) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.7.5 Diehl Defence (Germany) Recent Development
11.8 Elbit Systems (Israel)
11.8.1 Elbit Systems (Israel) Company Detail
11.8.2 Elbit Systems (Israel) Business Overview
11.8.3 Elbit Systems (Israel) Armored Vehicles Upgrade and Retrofit Introduction
11.8.4 Elbit Systems (Israel) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.8.5 Elbit Systems (Israel) Recent Development
11.9 General Dynamics (US)
11.9.1 General Dynamics (US) Company Detail
11.9.2 General Dynamics (US) Business Overview
11.9.3 General Dynamics (US) Armored Vehicles Upgrade and Retrofit Introduction
11.9.4 General Dynamics (US) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.9.5 General Dynamics (US) Recent Development
11.10 Palbam (Israel)
11.10.1 Palbam (Israel) Company Detail
11.10.2 Palbam (Israel) Business Overview
11.10.3 Palbam (Israel) Armored Vehicles Upgrade and Retrofit Introduction
11.10.4 Palbam (Israel) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.10.5 Palbam (Israel) Recent Development
11.11 Rheinmetall (Germany)
11.11.1 Rheinmetall (Germany) Company Detail
11.11.2 Rheinmetall (Germany) Business Overview
11.11.3 Rheinmetall (Germany) Armored Vehicles Upgrade and Retrofit Introduction
11.11.4 Rheinmetall (Germany) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.11.5 Rheinmetall (Germany) Recent Development
11.12 Thales Group (France)
11.12.1 Thales Group (France) Company Detail
11.12.2 Thales Group (France) Business Overview
11.12.3 Thales Group (France) Armored Vehicles Upgrade and Retrofit Introduction
11.12.4 Thales Group (France) Revenue in Armored Vehicles Upgrade and Retrofit Business (2019-2024)
11.12.5 Thales Group (France) Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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