장갑차 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the armored vehicles market size is expected to grow from USD 30.42 billion in 2025 to USD 32.12 billion in 2026 and is forecast to reach USD 42.18 billion by 2031 at 5.6% CAGR over 2026-2031.

This report is Segmented by Platform Type (Armored Personnel Carrier, Infantry Fighting Vehicle, Mine-Resistant Ambush-Protected, Main Battle Tank, and More), Mobility (Wheeled and Tracked), Propulsion (Conventional and Electric), End-User (Army, Marine/Naval Infantry, and More), and Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

Global Armored Vehicles Market Trends and Insights

Rapid Recapitalization Programs in NATO and Asia

NATO members inject a record amount of funds into their heavy-armor fleets, reversing three decades of drawdowns. Germany increased its defense spending to 5% of GDP and placed multi-billion-dollar orders for Boxer and Patria vehicles, which will reshape the European force structure. Poland directed USD 6.5 billion toward K2 tanks from South Korea to speed deliveries outside traditional Western channels. The Netherlands reactivated a tank battalion with 46 Leopard 2A8 units, highlighting how even former post-tank nations now regard tracked armor as indispensable. India's Future Ready Combat Vehicle call for 1,770 platforms in Asia, combined with China's ongoing Type 99A upgrades, signals a parallel surge in demand. The synchronized orders underpin a multi-year production boom that allows OEMs to amortize new welding halls, robotic paint lines, and modular digital-assembly tooling across global programs.

Elevated Land-Warfare Demand Post-Ukraine Conflict

The Ukraine war has affirmed the centrality of armored vehicles in peer warfare. Kyiv's need for 23,000 vehicles demonstrated extreme battlefield burn rates, forcing NATO planners to audit inventories and accelerate backfill orders. Survivability gaps became clear, driving retrofits such as the USD 37 million Iron Fist APS award for US Bradley fleets after combat validation. Once set at 10-15 years, procurement cycles are collapsing to 3-5 years, compelling primes to front-load production capacity and governments to accept incremental upgrades while full-rate lines are ramping up.

Ballooning Unit Costs and Stretched Defense Budgets

Modern armor platforms now cost well into eight figures. The M10 Booker price has climbed to USD 19 million per unit, while Germany's Leopard 2A8 buy totals EUR 2.9 billion (USD 3.35 billion) for 105 tanks, squeezing even affluent treasuries. The US Army's 2025 force-structure reset cancelled multiple vehicle lines and trimmed Stryker orders to cap spending. Smaller nations are extending the service lives of their vehicles or sourcing surplus MRAPs, as Morocco did with 50 M-ATVs, thereby bypassing new-build queues. Rising interest rates and inflation compound affordability concerns, forcing ministries to trade off between airpower, drones, and ground-force recapitalization.

Other drivers and restraints analyzed in the detailed report include:

1. Wheeled 8X8 Platforms Favored for Expeditionary Operations
2. Battlefield Electrification and Silent-Watch Capability
3. Industrial Supply-Chain Chokepoints in Armor Ceramics

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

IFVs generated 34.12% of the armored vehicles market in 2025 and remain the centerpiece assets in mechanized brigades. Their balance of troop-carrying capacity and 30-50 mm cannons supports combined-arms tactics from the Baltic forests to the Indo-Pacific littorals. Nations are upgrading legacy fleets with situational-awareness suites and programmable airburst rounds that counter unmanned aerial targets. Supplier consolidation, such as Leonardo's takeover of Iveco Defence, is expected to streamline turret integration, steering the armored vehicle market toward a standard digital backbone.

APCs are expanding at a 6.95% CAGR, fueled by lessons from Ukraine that stress troop protection over firepower. Lightweight MRAP designs with V-hulls and blast-attenuating seats are entering police special-operations arsenals, a spillover that diversifies revenue beyond defense ministries. MBTs are undergoing modernization rather than fleet growth, with active-protection kits and sensors extending the platform's relevance. Light reconnaissance vehicles capture niche demand for rapid-strike missions, integrating AI-powered crew aids that reduce operator workload.

Wheeled designs held 72.63% of the armored vehicles market share in 2025, a dominance rooted in their ability to self-deploy over paved networks without tank transporters. NATO rapid-reaction brigades favor 8X8 chassis that cruise at highway speeds while offering scalable armor packages. The design trend in the armored vehicle market emphasizes independent suspension, run-flat tires, and central tire inflation to navigate mixed terrain.

Tracked platforms, though smaller in number, are rebounding at an 8.65% CAGR as armies relearn the need for cross-country mobility and heavy frontal protection against tandem-warhead threats. Modern tracks utilize segmented rubber composite pads that enhance road life while maintaining off-road traction. The hybrid fielding of both mobility types allows commanders to tailor task forces, a flexibility that underpins future doctrine.

Complete Report Scope:

• By Platform Type
  • Armored Personnel Carriers (APCs)
  • Infantry Fighting Vehicles (IFVs)
  • Mine-Resistant Ambush-Protected (MRAP)
  • Main Battle Tanks (MBTs)
  • Light Protected/Recon Vehicles
  • Others
• By Mobility
  • Wheeled (4X4, 6X6, 8X8)
  • Tracked
• By Propulsion
  • Conventional
  • Electric
• By End-User
  • Army
  • Marine/Naval Infantry
  • Special Forces
  • Homeland Security
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • United Kingdom
    • France
    • Germany
    • Russia
    • Poland
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Rest of South America
  • Middle East and Africa
    • Middle East
      • Saudi Arabia
      • United Arab Emirates
      • Turkey
      • Rest of Middle East
    • Africa
      • South Africa
      • Rest of Africa

Geography Analysis

Europe accounted for 42.41% of the armored vehicles market revenue in 2025, driven by Germany's record orders for the Boxer and Patria, as well as purchases from Nordic consortiums. Eastern members allocate more than 3% of GDP to defense, channeling funds to tracked fleets that bolster Article 5 deterrence. Western states emphasize wheeled fleets for out-of-area deployments, blending strategic lift economy with urban maneuverability.

Asia-Pacific follows as the fastest climber at a 6.98% CAGR. India's Future Infantry Combat Vehicle tender for 1,750 units worth INR 600 billion (USD 7.2 billion) and China's Type 99A progressive upgrades energize regional integrators. Japan explores wheeled modular chassis to supplement its Type 10 tank fleet, and Australia pivots to Land 400 Phase 3, reinforcing its infantry close-combat edge.

North America maintains steady modernization budgets, anchored by the XM30 and JLTV A2 programs, which incorporate AI mission cores and hybrid drivetrains. Canada backfills LAV 6.0 attrition losses with domestically produced variants, ensuring supply-chain sovereignty. Mexico invests in refurbished MRAPs for internal security, representing a small but steady aftermarket.

The Middle East allocated USD 78 billion in Saudi defense outlays for 2025, including prospective AyM 2030 armored formations tailored for desert warfare. Gulf buyers prefer high power-to-weight ratios for dune mobility and active cooling kits. Africa remains opportunistic, sourcing surplus vehicles via US Excess Defense Articles and refurb projects.

1. General Dynamics Corporation
2. BAE Systems plc
3. Rheinmetall AG
4. KNDS N.V.
5. Hanwha Systems Co., Ltd. (Hanwha Corporation)
6. Oshkosh Corporation
7. Textron Systems Corporation (Textron Inc.)
8. Elbit Systems Ltd.
9. Patria Group
10. FNSS Savunma Sistemleri A.S.
11. Otokar Otomotiv ve Savunma Sanayi A.S.
12. Denel SOC Ltd.
13. Saudi Arabian Military Industries
14. Tata Advanced Systems Limited
15. China North Industries Corporation (NORINCO)
16. Singapore Technologies Engineering Ltd.
17. Hyundai Rotem Company (Hyundai Motor Group)
18. Mitsubishi Heavy Industries, Ltd.
19. Paramount Group
20. RTX Corporation

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rapid recapitalization programs in NATO and Asia
  • 4.2.2 Elevated land-warfare demand post-Ukraine conflict
  • 4.2.3 Wheeled 8X8 platforms favored for expeditionary ops
  • 4.2.4 Battlefield electrification and silent-watch capability
  • 4.2.5 Modular active-protection system (APS) retrofits
  • 4.2.6 IFV surge to modernize combined-arms doctrine
• 4.3 Market Restraints
  • 4.3.1 Ballooning unit costs and stretched defense budgets
  • 4.3.2 Industrial supply-chain chokepoints in armour ceramics
  • 4.3.3 ESG pressure against heavy carbon-footprint fleets
  • 4.3.4 Complex export-licensing/ITAR barriers
• 4.4 Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Bargaining Power of Suppliers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Platform Type
  • 5.1.1 Armored Personnel Carriers (APCs)
  • 5.1.2 Infantry Fighting Vehicles (IFVs)
  • 5.1.3 Mine-Resistant Ambush-Protected (MRAP)
  • 5.1.4 Main Battle Tanks (MBTs)
  • 5.1.5 Light Protected/Recon Vehicles
  • 5.1.6 Others
• 5.2 By Mobility
  • 5.2.1 Wheeled (4X4, 6X6, 8X8)
  • 5.2.2 Tracked
• 5.3 By Propulsion
  • 5.3.1 Conventional
  • 5.3.2 Electric
• 5.4 By End-User
  • 5.4.1 Army
  • 5.4.2 Marine/Naval Infantry
  • 5.4.3 Special Forces
  • 5.4.4 Homeland Security
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 Europe
    • 5.5.2.1 United Kingdom
    • 5.5.2.2 France
    • 5.5.2.3 Germany
    • 5.5.2.4 Russia
    • 5.5.2.5 Poland
    • 5.5.2.6 Rest of Europe
  • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 India
    • 5.5.3.3 Japan
    • 5.5.3.4 South Korea
    • 5.5.3.5 Australia
    • 5.5.3.6 Rest of Asia-Pacific
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Rest of South America
  • 5.5.5 Middle East and Africa
    • 5.5.5.1 Middle East
      • 5.5.5.1.1 Saudi Arabia
      • 5.5.5.1.2 United Arab Emirates
      • 5.5.5.1.3 Turkey
      • 5.5.5.1.4 Rest of Middle East
    • 5.5.5.2 Africa
      • 5.5.5.2.1 South Africa
      • 5.5.5.2.2 Rest of Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 General Dynamics Corporation
  • 6.4.2 BAE Systems plc
  • 6.4.3 Rheinmetall AG
  • 6.4.4 KNDS N.V.
  • 6.4.5 Hanwha Systems Co., Ltd. (Hanwha Corporation)
  • 6.4.6 Oshkosh Corporation
  • 6.4.7 Textron Systems Corporation (Textron Inc.)
  • 6.4.8 Elbit Systems Ltd.
  • 6.4.9 Patria Group
  • 6.4.10 FNSS Savunma Sistemleri A.S.
  • 6.4.11 Otokar Otomotiv ve Savunma Sanayi A.S.
  • 6.4.12 Denel SOC Ltd.
  • 6.4.13 Saudi Arabian Military Industries
  • 6.4.14 Tata Advanced Systems Limited
  • 6.4.15 China North Industries Corporation (NORINCO)
  • 6.4.16 Singapore Technologies Engineering Ltd.
  • 6.4.17 Hyundai Rotem Company (Hyundai Motor Group)
  • 6.4.18 Mitsubishi Heavy Industries, Ltd.
  • 6.4.19 Paramount Group
  • 6.4.20 RTX Corporation

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-space and Unmet-Need Assessment