Armored Fighting Vehicle Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Coverage: Armored Fighting Vehicle Market covers analysis By Wheel Type (Tracked, Wheeled); Vehicle Type (Armored Personnel Carrier, Infantry Fighting Vehicle, Mine-resistant Ambush Protected (MRAP), Others); Configuration (Amphibious, Non-Amphibious) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Date : Nov 2025
Report Code : TIPRE00027855

Category : Aerospace and Defense
Status : Upcoming

Available Report Formats :
No. of Pages : 150

Also Available in :

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Page Updated: Jul 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Armored Fighting Vehicle Market is expected to register a CAGR of XX% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.

The report is categorized by Wheel Type (Tracked, Wheeled) and further analyzes the market based on Vehicle Type (Armored Personnel Carrier, Infantry Fighting Vehicle, Mine-resistant Ambush Protected). It also examines the market by Configuration (Amphibious, Non-Amphibious).A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report Armored Fighting Vehicle Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Armored Fighting Vehicle Market Segmentation

Wheel Type

Tracked
Wheeled

Vehicle Type

Armored Personnel Carrier
Infantry Fighting Vehicle
Mine-resistant Ambush Protected

Configuration

Amphibious
Non-Amphibious

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Armored Fighting Vehicle Market: Strategic Insights

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This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Armored Fighting Vehicle Market Growth Drivers

Innovative Tech Enhancements Boost AFV Performance and Safety
Rising Defense Budgets Fuel Demand for Advanced Armored Vehicles
Global Military Modernization Drives AFV Procurement and Upgrades

Armored Fighting Vehicle Market Future Trends

Electric Armored Vehicles Revolutionize Military Mobility
AI-Driven Combat Systems Enhance Decision-Making on the Battlefield
Sustainable Materials Transform Armored Vehicle Production

Armored Fighting Vehicle Market Opportunities

Revamping Armored Fighting Vehicles for Urban Warfare Needs
Eco-Friendly Armored Vehicles: A Sustainable Future for Defense
Smart Technology Integration in Armored Fighting Vehicles for Enhanced Safety

Armored Fighting Vehicle Market Regional Insights

The regional trends and factors influencing the Armored Fighting Vehicle Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Armored Fighting Vehicle Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Armored Fighting Vehicle Market Report Scope

Report Attribute	Details
Market size in 2024	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2025 - 2031)	XX%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Wheel Type Tracked Wheeled By Vehicle Type Armored Personnel Carrier Infantry Fighting Vehicle Mine-resistant Ambush Protected By Configuration Amphibious Non-Amphibious
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	BAE Systems PLc Denel Vehicle Systems Elbit Systems Ltd General Dynamics Corporation Mitsubishi Heavy Industries, Ltd. Nexter Group Oshkosh Defense, LLC Patria Group Rheinmetall AG

Armored Fighting Vehicle Market Players Density: Understanding Its Impact on Business Dynamics

The Armored Fighting Vehicle Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the Armored Fighting Vehicle Market top key players overview

Key Selling Points

Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Armored Fighting Vehicle Market, providing a holistic landscape.
Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Armored Fighting Vehicle Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Armored Fighting Vehicle Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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