세계 장갑차 시장 규모는 국방비 증가, 기술 혁신, 현대 분쟁의 진화로 인해 2025-2032년의 예측 기간 동안 4.90%의 연평균 복합 성장률(CAGR)로 2024년 196억 3,000만 달러에서 2032년에는 287억 8,000만 달러로 확대될 것으로 예상됩니다. 이 시장에는 주전차, 보병전투차량, 지뢰대응매복방어(MRAP) 차량 등 다양한 플랫폼이 포함되며, 각 플랫폼은 특정 작전요구에 맞게 조정됩니다. 모듈식 설계의 발전과 고도의 시스템 통합으로 이러한 차량의 적응성과 효율성이 향상되고 있습니다. 또한, 법 집행 기관이 장갑 솔루션 획득에 관여하고 있는 것도 전통적인 군사 용도에 국한되지 않는 시장 확대에 기여하고 있습니다. 지정학적 긴장이 지속되고 안보 문제가 복잡해짐에 따라 첨단 장갑차에 대한 수요는 계속 증가할 것으로 예상됩니다. 전 세계 각국의 국방군이 전투 작전을 위해 새로운 첨단 장갑차를 도입하고 있으며, 이는 예측 기간 동안 세계 장갑차 시장 수요를 견인할 것으로 예상됩니다.
2024년 5월, 미 육군은 브래들리의 신형 장갑차 M2A4E1을 발표했습니다. 이 최신형 브래들리에는 향상된 고화질 전방 시야 적외선 포수 조준기와 열 스트레스를 완화하도록 설계된 환경 제어 장치가 장착되어 있으며, M2A4E1은 "가장 진보되고 탄력적인 변형"으로 선전되고 있습니다. 센서를 사용하여 날아오는 미사일, 로켓탄, 폭발물을 식별하고 무력화시키는 철권 능동 보호 시스템을 갖추고 있습니다.
세계의 장갑차 시장에 대해 조사했으며, 시장 개요와 함께 유형별, 모빌리티별, 시스템별, 지역별 동향, 시장 진출 기업 프로파일 등의 정보를 전해드립니다.
Global armored vehicle market is projected to witness a CAGR of 4.90% during the forecast period 2025-2032, growing from USD 19.63 billion in 2024 to USD 28.78 billion in 2032F, owing to escalating defense expenditures, technological innovations, and the evolving nature of modern conflicts. The market encompasses a diverse range of platforms, including main battle tanks, infantry fighting vehicles, and mine-resistant ambush-protected (MRAP) vehicles, each tailored to specific operational needs. Advancements in modular design and the integration of sophisticated systems have enhanced the adaptability and effectiveness of these vehicles. Furthermore, the increasing involvement of law enforcement agencies in acquiring armored solutions fuels the market's expansion beyond traditional military applications. As geopolitical tensions persist and security challenges become more complex, the demand for advanced armored vehicles is expected to continue its upward trajectory. Defense forces around the globe are launching new advanced armored vehicles for combat operations, driving the global armored vehicle market demand in the forecast period.
In May 2024, the United States Army launched a new Bradley armored fighting vehicle variant, the M2A4E1. This latest Bradley variant comes with an enhanced High-Definition Forward-Looking Infrared Gunner's Sight and an Environmental Control Unit designed to mitigate heat stress. The M2A4E1 is promoted as the vehicle's "most advanced and resilient variant." It features an Iron Fist active protection system that identifies and neutralizes incoming missiles and rockets using radar and infrared sensors, as well as explosive projectiles.
Rising Defense Expenditure to Fuel the Armored Vehicle Market
Global defense budgets are increasing, with nations prioritizing the modernization of their military fleets. This surge in spending is driven by the need to replace aging equipment and enhance operational capabilities. The procurement of advanced armored vehicles equipped with cutting-edge technologies is central to these modernization efforts, aiming to improve mobility, protection, and firepower on the battlefield. The rising threat of World War 3, along with joint army programs, is likely to increase the adoption of armored vehicles.
For instance, in April 2023, Sweden's Defense Materiel Administration (FMV) ordered 20 6x6 new armored personnel carriers named Pansarterrangbil 300 under a joint European research-and-development effort, following Finland and Latvia. Intended for the transport of up to 12 soldiers, the vehicle is adaptable and can be set up for various roles, including command and control or medical assistance. Germany also made a significant advancement in this endeavor by officially signing the technical agreement for Common Armoured Vehicle System (CAVS) in April 2023, thus becoming a formal participant in the initiative that already involves European countries such as Finland, Latvia, and Sweden.
Innovations in materials science and engineering have also led to the development of lighter, more durable armored vehicles. The integration of advanced systems such as active protection mechanisms, autonomous navigation, and enhanced communication tools has significantly improved vehicle survivability and situational awareness. These technological strides are pivotal in meeting the evolving demands of modern warfare.
Asymmetric Warfare and Terrorism to Propel the Global Armored Vehicle Market
The global rise in asymmetric warfare tactics and terrorist activities has necessitated the deployment of versatile armored vehicles. These vehicles are essential for counter-insurgency operations, urban warfare, and peacekeeping missions, providing troops with the necessary protection and mobility in complex operational environments. Beyond military applications, there is a growing demand for armored vehicles among law enforcement and internal security agencies. These vehicles are utilized for riot control, border security, and the safe transport of personnel and assets, reflecting a broader scope of operational requirements and contributing to market growth.
For instance, in April 2024, SoFrame was selected to supply the VBMO, renamed to "Centaure", to the French Gendarmerie. The gendarmerie has selected a model called "ARIVE," which stands for Armored Infantry Vehicle. This sturdy 4x4 armored vehicle has a weight of 14.5 tons, making it two tons heavier than its predecessor, the VBRG. Its dimensions are 6.2 meters in length, 2.45 meters in width, and 2.5 meters in height.
Wheeled Segment Leads with Higher Flexibility and Maneuverability
The wheeled segment leads the global armored vehicle market due to its flexibility and maneuverability, making it ideal for diverse operational scenarios. These vehicles are particularly well-suited for urban settings and paved surfaces, providing enhanced mobility in comparison to tracked vehicles. Their lightweight construction improves both speed and maneuverability, facilitating quick deployment for special operations, troop transport, border patrols, and combat support tasks, including reconnaissance and medical assistance.
Furthermore, wheeled armored vehicles are economical regarding purchase, upkeep, and fuel consumption, rendering them more viable for long-term use. Their modular designs allow for tailored adaptations to meet specific mission needs, thereby increasing their effectiveness.
For instance, in February 2025, Tata Advanced Systems Limited (TASL) launched a new Light Armored Multirole Vehicle (LAMV) developed as per NATO requirements for international military customers. The 4X4 vehicle, launched at a defense industry convention in Abu Dhabi, was developed to support the Indian company's effort to expand its global armored vehicle market by 2035.
North America Leads the Market with New Innovative Vehicles and Higher Expenditure
North America dominates the armored vehicles market, driven by substantial defense budgets and a focus on innovation. The region leads in integrating advanced technologies, such as autonomous systems, artificial intelligence, and enhanced protection mechanisms, into military vehicles. The United States plays a pivotal role, investing heavily in modernizing aging fleets and developing next-generation combat vehicles like the Joint Light Tactical Vehicle (JLTV) and Armored Multi-Purpose Vehicle (AMPV).
Geopolitical factors and rising asymmetric conflicts contribute to sustained demand for advanced armored vehicles. This emphasis on modernization and technological advancement ensures North America's leadership in shaping the future of the global armored vehicles market. For instance, the United States delivers its defense supplies to its allies such as Ukraine and Israel. In March 2023, the United States delivered a total of eight armored vehicles, launched bridges for the first time to Ukraine as defense aid through the United States Department of Defense. The supply comprises the M60 AVLB Armored Vehicle Launched Bridges based on the M60A1 tanks after having the turret removed and a bridge launcher installed instead.
Future Market Scenario (2025 - 2032F)
Integration of autonomous technologies is likely to fuel the development of unmanned armored vehicles for reconnaissance and combat roles.
Adoption of hybrid and electric propulsion systems is projected to transition towards eco-friendly powertrains to reduce operational costs and emissions.
Enhanced urban warfare capabilities are expected to design compact, agile vehicles optimized for urban combat scenarios.
Expansion into non-military sectors is anticipated to increase the utilization of armored vehicles in sectors such as disaster response and critical infrastructure protection.
Key Players Landscape and Outlook
Key players in the armored vehicles market adopt diverse strategies to maintain competitiveness and drive growth. The primary focus is on continuous research and development to innovate advanced technologies, such as lightweight materials, hybrid electric systems, and enhanced combat capabilities. These innovations aim to improve vehicle performance, survivability, and operational efficiency. Strategic collaborations with governments and defense agencies are also pivotal, enabling large-scale procurement contracts and fostering long-term partnerships. Additionally, companies emphasize expanding their global footprint by targeting emerging markets with rising defense budgets. The integration of modular designs and advanced systems for intelligence, surveillance, and reconnaissance (ISR) further enhances product versatility. By aligning with evolving security demands and leveraging cutting-edge technology, these strategies ensure sustained market leadership and adaptability to future challenges.
For instance, in October 2024, BAE Systems plc showcased two armored multi-purpose vehicle (AMPV) prototypes furnished with various mission capabilities at AUSA 2024. A new prototype of the AMPV, fitted with a 30mm turret, was showcased alongside the AMPV Modular Turreted Mortar System (MTMS), which has recently finished evaluations by the U.S. Army at the Yuma Test Center. The common top plate developed by BAE Systems facilitates the smooth integration of these mission equipment packages onto the AMPV and is compatible with over 30 different turret systems.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.