Global Armored Vehicle Market is estimated to reach $39 billion by 20 Global Armored Vehicle Market growing at a CAGR of | Page 2

armored vehicles and increasing demand from commercial sectors is likely to provide market
opportunities in the coming years.
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The global armored vehicle market is categorized into type, technology, application and geography. By
type, the market is segmented into infantry fighting vehicles, main battle tanks, light protected vehicles,
armored personnel carriers, armored amphibious vehicles, mine-resistant ambush protected and others.
Technology segment is bifurcated into inter operable communication, electric armor, active protection
systems, situational awareness, active mine protection, modular ballistic armor, and vehicle information
integration. Furthermore, by applications, it is segmented into military, law enforcement and commercial.
By geography the global armored vehicle market is segmented into North America, Europe, Asia-Pacific
and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein
Europe covers Russia, U.K., Germany, France, Italy and others. Asia-Pacific covers China, India, Japan and
others. RoW covers South America, Middle East and Africa.
The key players in the armored vehicle market include International Armored Group, Lockheed Martin,
Thales Group, General Dynamics Corporation, BAE Systems, Denel Land Systems, Oshkosh Defense,
Rheinmetall Landsysteme GmbH, Elbit Systems Ltd. and INKAS Armored Vehicle Manufacturing, among
others.
The key takeaways from the report
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