Report Overview:
Armored Fighting Vehicles (AFVs) are military vehicles equipped with offensive capabilities and protected by armor. These vehicles are designed to combine operational mobility with both offensive and defensive capabilities. They can be either wheeled or tracked, with categories including Main Battle Tanks (MBTs), Armored Personnel Carriers (APCs), Infantry Fighting Vehicles (IFVs), Mine-Resistant Ambush Protected (MRAP) vehicles, and other specialized types. AFVs are essential for modern military operations, providing robust protection and enabling strategic maneuverability in combat zones.
Market Value:
The global Armored Fighting Vehicles market size was valued at US$ 17.89 billion in 2024 and is projected to reach US$ 26.69 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period from 2024 to 2030.
In the United States, the market size was valued at US$ 6.23 billion in 2024 and is expected to grow to US$ 9.12 billion by 2030, with a CAGR of 6.5% over the same period.
By Types:
• APC (Armored Personnel Carrier)
• IFV (Infantry Fighting Vehicle)
• MRAP (Mine-Resistant Ambush Protected Vehicle)
• MBT (Main Battle Tank)
By Applications:
Commercial
Key players include:
• General Dynamics Corporation (US)
• BAE Systems (UK)
• Textron Inc. (US)
• Oshkosh Corporation (US)
• Elbit Systems Ltd. (Israel)
• Thales Group (France)
• Including or Excluding key companies relevant to your analysis.
