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Asia-Pacific Armored Vehicle Market

  • Report Code: AR 1002
  • Publish Date: Upcoming
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The main purpose of armored vehicle is to protect soldiers from CBRN or mine attacks. Special vehicles such as Mine-Resistant Ambush Protected Vehicles (MRAPs) have been introduced to accomplish the purpose. Till 2012, around 42,000 MRAPs were produced with an overall expenditure of $47.7 billion.


The Asia Pacific armored vehicle market has reached a value of $4,050.0 million in 2014 and is estimated to reach a value of $6,582.6 million by 2019, growing at a CAGR of approximately 10.2% from 2014 to 2019. MRAPs have the highest market value in the study period compared to the other products.


The purpose of the armored vehicle report is to identify the various applications, technologies involved, products, and distribution channels of the Asia-Pacific armored vehicle market. It includes a deep dive analysis of the market segmentation, which comprises technology type, products, applications, and countries. The segmentation of products includes main battle tanks, light protected vehicles, armored personal carriers, amphibious armored vehicles, unmanned ground vehicles, and mine-resistant ambush protected vehicles. Tracking and analysis of competitive developments such as alliances, joint ventures, and mergers & acquisitions are covered in this report. It also provides the restraints impacting the growth of the market and its industry. Brief information about industry trends, market trends, and technology trends that are currently prevailing in the market have also been provided in the report.


Internal and external security threats are the major drivers of the market. The major challenges of the armored vehicle market are the extreme dependence on the defense sector and continuous political tensions from neighboring countries.


Key players in the armored vehicle market are Navistar (U.S.), BAE Systems (U.K.), Oshkosh Defense (U.S.), ST Kinetics (Singapore), and Rheinmetall AG (Germany) among others. ST Kinetics holds the highest share in the Asia-Pacific armored vehicle market.





  • Financials
  • Macro Indicator Data
  • M&A Data
  • Budget and Defense Program Information



  • In-depth analysis of the company’s product portfolio
  • Competitive landscape (revenue, operating margin, marginal cost, P/E ratio, EPS, developments/deals/events)
  • Ratio analysis


3.REGION-SPECIFIC INFORMATION (North America, Europe, APAC, Middle East, and RoW)


This covers market sizing/mapping, global footprint, operation and financials information, and the competitive landscape. The MMM offering will cover detailed market study of the point(s) mentioned below:

  • Country wise international arms transfer, suppliers, and recipients of conventional weapons



  • Product and technological advancements/Latest innovations and developments
  • Demand and supply analysis
  • Market consolidation (M&A, joint ventures, divestments, and spin-offs)
  • Export/Import data
  • Industrial production and capacity optimization data


5.GLOBAL FORECAST NUMBERS/OUTLOOK (Historical and Forecast by Year)

  • Milicas (Military Aircraft) and Helicas (Military Rotary Wing, i.e., Helicopter)



  • Time Series
  • Regression Analysis


7.DEFENSE PROGRAMS (By Names, Types, Users, Spending in Years in $ Million, Prime Contractors, Program Status)


Programs Covered

  • Aircraft Programs
  • Ground Vehicle Programs
  • Missile Programs
  • Naval Programs
  • Vehicle Programs



  • Impact of sequestration on defense programs
  • Programs impacted due to budget cuts
  • Impact on company’s overall revenue, operations, and profitability




A comprehensive analysis to help understand the potential growth markets based on parameters such as:

  • GDP percentage with respect to military expenditure of a particular country
  • Defense review of countries active in this market



  • Usage pattern (in-depth trend analysis) of products (segment wise)
  • Product matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub-segment level
  • End user adoption rate analysis of the products (segment wise and country wise)
  • Comprehensive coverage of product approvals, pipeline products, and product recalls




Coverage - Vendor analysis, vendor financing, customer/self funding, and distribution network

1 Introduction
1.1 Objectives
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology

2 Executive Summary


3 Market Overview
3.1 Market Definition
3.2 Armored Vehicle Market Segmentation
3.2.1 By Country
3.2.3 By Application
3.2.4 By Product
3.2.5 By Technology
3.3 Market Share Analysis
3.4 Market Dynamics
3.4.1 Drivers Internal and External Security Threats Commercial Security Consciousness
3.4.2 Restraints Uncertain Financial Environment Lack of Clarity towards Investment
3.4.3 Challenges Social Aspects Political Consideration
3.5 Environmental Threat Opportunity (Etop) Analysis

4 APAC Armored vehicle market
4.1 Most lucrative market


5 Country Analysis
5.1 Australia Market
5.2 China Market
5.3 India Market

6 Competitive Landscape
6.1 Market Share Analysis, By Company
6.2 Market Share Analysis, By Region

7 Company Profiles
7.1 Asia Pacific- BAE Systems
7.2 Asia Pacific - General Dynamics Corporation
7.3 Asia Pacific -Elbit Systems
7.4 Asia Pacific - Navistar International Corporation
7.5 Asia Pacific - Lockheed Martin
7.6 Asia Pacific - Textron, Inc.
7.7 Asia Pacific -Oshkosh Corporation
7.8 Asia Pacific - Krauss-Maffei Wegmann
7.9 Asia Pacific - Iveco
7.10 Asia Pacific - Rheinmetall Ag

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