In an era defined by escalating geopolitical tensions, rising defence budgets, and the return of high-intensity conflicts, the global armoured vehicles market is entering a phase of robust, long-term growth. Armed forces worldwide are prioritising mechanised and motorised capabilities, driving accelerated procurement of infantry fighting vehicles (IFVs), armoured personnel carriers (APCs), and advanced support platforms. Lessons from recent conflicts in Ukraine and Gaza have reaffirmed the vital role of armoured systems in modern warfare, intensifying demand for platforms that deliver superior survivability and lethality.
Europe is leading this resurgence, reversing years of underinvestment through ambitious modernisation programmes that are transforming continental defence postures, while the United States maintains a mature market dominated by established leaders.Technological innovation is reshaping the sector, with AI, big data, augmented and virtual reality, and additive manufacturing enabling faster design, prototyping, and lifecycle management. Rising threats from anti-tank missiles, drones, loitering munitions, and peer-level armour are accelerating the integration of active protection systems (APS) on main battle tanks and IFVs, overcoming previous cost barriers to deliver enhanced battlefield resilience.
Competition remains fierce, shaped by long platform lifecycles, politically sensitive procurements, and requirements for local industrial participation. Leading OEMs are securing advantage through strategic acquisitions, resilient supply chains, and comprehensive lifecycle support solutions.
Beyond initial acquisitions, the market offers substantial opportunities in upgrades, maintenance, and sustained services. In a complex global security environment marked by persistent threats and the re-emergence of peer-level warfare, the demand for powerful, deterrent armoured forces will continue to drive expansion—creating lasting value for stakeholders positioned to meet these evolving needs.
Our in-depth Market Analysis Report provides the strategic insights, trends, forecasts, and competitive intelligence required to capitalise on this dynamic sector. Contact us today to secure your copy and stay ahead in this critical market.The report segments the market in two major segments, by region and by vehicle type.
Region
Figure 1: Armoured Vehicles market summary by Region
Figure 2: Armoured Vehicles market summary by Vehicle Type
Figure 3: Critical Raw Materials producing countries
Figure 4: Critical Raw Materials dependence [%] and volume [mt] by producing countries
Figure 5: Market volumes over the forecast period per region
Figure 6: Market Segmentation and Sub Segmentation Military Avionics Market
Figure 7: The two contestants for the US Army’s XM30 programme that will replace the Bradleys
Figure 8: Armoured Vehicles market to 2033 by Region [US$ millions]
Figure 9: Armoured Vehicles market to 2033 by Region %
Figure 10: North America Armoured Vehicles market to 2033 by Vehicle Type
Figure 11: North America - Armoured Vehicles market to 2033 by Vehicle Type
Figure 12: Europe Armoured Vehicles market to 2033 by Vehicle Type
Figure 13: Europe - Armoured Vehicles market to 2033 by Vehicle Type
Figure 14: Latin America Armoured Vehicles market to 2033 by Vehicle Type
Figure 15: Latin America - Armoured Vehicles market to 2033 by Vehicle Type
Figure 16: Asia-Pacific Armoured Vehicles market to 2033 by Vehicle Type
Figure 17: Asia-Pacific - Armoured Vehicles market to 2033 by Vehicle Type
Figure 18: Middle East & Africa Armoured Vehicles market to 2033 by Vehicle Type
Figure 19: Middle East & Africa - Armoured Vehicles market to 2033 by Vehicle Type
Figure 20: Armoured Vehicles market to 2033 by Vehicle Type [US$ millions]
Figure 21: Armoured Vehicles market to 2033 by Vehicle Type %
Figure 22: Armoured Personnel Carrier Armoured Vehicles market to 2033 by Region
Figure 23: Armoured Personnel Carrier - Armoured Vehicles market to 2033 by Region
Figure 24: Armoured Engineering Vehicle Armoured Vehicles market to 2033 by Region
Figure 25: Armoured Engineering Vehicle - Armoured Vehicles market to 2033 by Region
Figure 26: Armoured Support Vehicle Armoured Vehicles market to 2033 by Region
Figure 27: Armoured Support Vehicle - Armoured Vehicles market to 2033 by Region
Figure 28: Infantry Fighting Vehicle Armoured Vehicles market to 2033 by Region
Figure 29: Infantry Fighting Vehicle - Armoured Vehicles market to 2033 by Region
Figure 30: Light Multirole Vehicle Armoured Vehicles market to 2033 by Region
Figure 31: Light Multirole Vehicle - Armoured Vehicles market to 2033 by Region
Figure 32: Armoured Vehicles Size by Region
Figure 33: Armoured Vehicles CAGR by Region in US$ millions
Figure 34: Armoured Vehicles Size by Vehicle Type
Figure 35: Armoured Vehicles CAGR by Vehicle Type in US$ millions
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| Study Code: | MF252585 |
| Publication date: | December 29, 2025 |
| Pages: | 151 |