Armored Vehicles Market worth $60.7 billion by 2030 - Exclusive Report by MarketsandMarkets

DELRAY BEACH, Fla., June 12, 2025 /PRNewswire/ -- The armored vehicle market is estimated at USD 51.6 billion in 2025 and is projected to reach USD 60.7 billion by 2030 at a CAGR of 3.3% from 2025 to 2030 according to a new report by MarketsandMarkets. The armored vehicles market experiences growth and evolution driven by various factors. Rising geopolitical tensions and terrorism prompt countries to enhance defense capabilities, fueling demand for armored vehicles. Global military modernization programs aiming to replace aging fleets with advanced technology-equipped vehicles boost demand. Innovations in armor materials, vehicle design, and weapon systems attract investments and propel market growth.

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Browse in-depth TOC on "Armored Vehicles Market" 

327 – Tables
81 – Figures
338 – Pages

Armored Vehicles Market Report Scope:

Report Coverage	Details
Market Revenue in 2025	$ 51.6 billion
Estimated Value by 2030	$ 60.7 billion
Growth Rate	Poised to grow at a CAGR of 3.3%
Market Size Available for	2020–2030
Forecast Period	2025–2030
Forecast Units	Value (USD Million/Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Satellite Mass, Application, End Use, Frequency, Subsystem, and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of World