Global and United States Armored Vehicles Upgrade and Retrofit Market Report & Forecast 2022-2028

Armored vehicles refer to transportation and land combat vehicles used for various offensive and defensive operations. They are commonly employed for the transportation of military personnel and cargo as well as operating in active combats. These vehicles are often armed with weapons and protected by an armor against shell fragments, bullets and other projectiles.

Several programs are being conducted to upgrade the equipment and systems in old armored vehicles across the globe. Led by the availability of modern and evolved warfare technologies, these programs are driving the growth of the upgrade and retrofit market. Additionally, many countries are expanding their military budgets on account of increasing terrorism and hostile activities. These activities have also resulted in the requirement of frequent repairing and installation of new parts in armored vehicles.
Market Analysis and Insights: Global and United States Armored Vehicles Upgrade and Retrofit Market
This report focuses on global and United States Armored Vehicles Upgrade and Retrofit market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Armored Vehicles Upgrade and Retrofit market size is estimated to be worth US$ 4476.2 million in 2022 and is forecast to a readjusted size of US$ 5070.7 million by 2028 with a CAGR of 2.1% during the review period. Fully considering the economic change by this health crisis, by Type, Main Battle Tank accounting for % of the Armored Vehicles Upgrade and Retrofit global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Military was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
In United States the Armored Vehicles Upgrade and Retrofit market size is expected to grow from US$ million in 2021 to US$ million by 2028, at a CAGR of % during the forecast period.
Global Armored Vehicles Upgrade and Retrofit Scope and Market Size
Armored Vehicles Upgrade and Retrofit market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Armored Vehicles Upgrade and Retrofit market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Armored Vehicles Upgrade and Retrofit market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Main Battle Tank
Light Protected Vehicles
Amphibious Armored Vehicles
Mine-Resistant Ambush Protected
Infantry Fighting Vehicles
Armored Personnel Carriers
Others
Segment by Application
Military
Commercial
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
AM General (US)
FNSS Savunma Sistemleri (UAE)
MKU (Inidia)
Oshkosh Defense (US)
Sabiex International (Belgium)
BAE Systems(UK)
Diehl Defence (Germany)
Elbit Systems (Israel)
General Dynamics (US)
Palbam (Israel)
Rheinmetall (Germany)
Thales Group (France)