Armored Vehicle Market - Top Companies and Manufacturers

Companies Dominating the Armored Vehicle Landscape

General Dynamics Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
BAE Systems plc
Oshkosh Defense, LLC
Rheinmetall Group
Krauss-Maffei Wegmann GmbH & Co. KG
Hyundai Rotem Co., Ltd.
Nexter group KNDS
Craft Machine Inc.
Lenco Industries, Inc.
Lockheed Martin Corporation

Browse Key Market Insights with Data Illustration:

Armored Vehicle Market Size & Share, Growth Forecasts 2037

In the News

General Dynamics Corporation’s modification contract was recently won by Land Systems, a division of General Dynamics Corporation, to procure replacement parts for the Light Armored Vehicle class of vehicles, as well as the Abrams Main Battle Tank. The USD 414.7 million contract is anticipated to be finished on September 28, 2029.
BAE Systems was offered a contract of building multiple ACV-30 production-ready test vehicles (PRTVs) by the U.S. Marine Corps. To constitute these PRTVs, Marine Corps awarded USD 88 million. AVC-30 is designed in a way to increase crew protection and to reduce weight.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of armored vehicle is evaluated at USD 21.42 billion.

The armored vehicle market size was valued at USD 20.39 billion in 2024 and is set to exceed USD 45.12 billion by 2037, expanding at over 6.3% CAGR during the forecast period i.e., between 2025-2037. Rising spending on global military across the globe will boost the market growth.

North America industry is likely to hold largest revenue share of 53% by 2037, due to United States is the country with the highest spending on defense and military in the world.

The major players in the market include General Dynamics Corporation, BAE Systems plc, Oshkosh Defense, LLC, Rheinmetall Group, Krauss-Maffei Wegmann GmbH & Co. KG, Hyundai Rotem Co., Ltd., Nexter group KNDS, Craft Machine Inc., Lenco Industries, Inc., Lockheed Martin Corporation

Armored Vehicle Market - Top Companies and Manufacturers

Companies Dominating the Armored Vehicle Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the armored vehicle market?

What are the factors driving the armored vehicle landscape?

Which region held the largest armored vehicle industry share?

Who are the key players in the armored vehicle sector?