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市场调查报告书
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装甲车升级和改装市场 - 全球行业规模、份额、趋势、机会和预测，按类型、按设计类型、按地区、按竞争细分，2019-2029F

Armored Vehicle Upgrade and Retrofit Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Design Type By Region, By Competition, 2019-2029F
出版日期: | 出版商: TechSci Research | 英文 180 Pages | 商品交期: 2-3个工作天内

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简介目录

2023年全球装甲车升级改造市场价值为74.1亿美元，预计2029年将达到106.9亿美元，预测期内复合年增长率为6.37%。在不断变化的地缘政治紧张局势、技术进步以及对具有成本效益的现代化需求的共同推动下，全球装甲车升级和改装市场正在经历显着增长。全球地缘政治不稳定和日益增加的军事衝突增加了对升级和改装装甲车的需求。各国正在投资对其国防舰队进行现代化改造，以确保它们有能力应对新出现的威胁并保持战术优势。随着地缘政治紧张局势升级，各国政府和国防组织正在优先考虑增强其装甲车能力，导致市场活动激增。技术进步在塑造市场方面发挥关键作用。先进装甲材料、改进的监视系统和尖端通讯技术等国防技术创新正在推动车辆升级的需求。这些进步使装甲车能够提供卓越的防护、提高作战效率并更好地适应各种作战场景。此外，威胁情势的演变，包括不对称战争和新型叛乱战术的兴起，需要不断升级，以确保装甲车在不同的作战环境中保持有效。

市场概况
预测期 2025-2029
2023 年市场规模 74.1亿美元
2029 年市场规模 106.9亿美元
2024-2029 年复合年增长率 6.37%
成长最快的细分市场 履带式装甲车
最大的市场 北美洲

随着国防预算的成长，各国正透过增强火控系统、火力和整体能力来对其老化的步兵战车（IFV）进行现代化改造。许多人也购买新车，推动升级和改装的需求激增。例如，2024年3月，印度国防部与Armored Vehicles Nigam Limited（AVNL）敲定了一项协议，将693辆BMP2步兵战车升级为BMP2M型号。这项全面升级被归类为「购买」（印度本土设计、开发和製造），包括夜间启用、炮手主瞄准镜、指挥官全景瞄准镜和带有自动目标追踪器的火控系统（FCS）等增强功能。

2024 年 3 月，Nexter 向卡达展示了最新的 VBCI 步兵战车，符合该国 2030 年后的军事现代化计画。此次展示展示了 VBCI II 的潜在合同，这是为法国武装部队设计的升级版本。此外，2022年12月，瑞典与斯洛伐克国防部达成了价值13.7亿美元的协议，从BAE Systems购买152辆CV9035步兵战车。 CV9035 被称为 CV90MkIV，具有先进的功能、数位技术和改进的战场性能，包括更快的速度、更好的操控性和麵向未来的电子架构。这些正在进行的现代化倡议以及即将推出的 IFV 升级计划预计将在未来几年推动该领域的显着成长。

主要市场驱动因素

地缘政治紧张局势与衝突地区

技术进步与威胁演变

经济高效的现代化

环境和法规合规性

城市战与反恐行动

主要市场挑战

技术复杂性与整合挑战

预算限制和成本超支

监管障碍和出口限制

主要市场趋势

先进技术的整合

模组化和可扩展性

环境考虑

国际合作与联合项目

细分市场洞察

类型洞察力

区域洞察

目录

第 1 章：简介

第 2 章：研究方法

第 3 章：执行摘要

第 4 章：COVID-19 对全球装甲车升级与改装市场的影响

第 5 章：全球装甲车升级改造市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型（装甲运兵车 [APC]、步兵战车 [IFV]、防地雷伏击车 [MRAP]、主战坦克 [MBT]）
    • 依设计类型（轮式装甲车和履带式装甲车）
    • 按地区划分
    • 按公司划分（前 5 名公司、其他 - 按价值 2023 年）
  • 全球装甲车升级改造市场测绘与机会评估
    • 按类型
    • 依设计类型
    • 按地区划分

第6章：亚太装甲车升级改造市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 依设计类型
    • 按国家/地区
  • 亚太地区：国家分析
    • 中国
    • 印度
    • 日本
    • 印尼
    • 泰国
    • 韩国
    • 澳洲

第 7 章：欧洲与独联体装甲车升级与改装市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 依设计类型
    • 按国家/地区
  • 欧洲与独联体：国家分析
    • 德国
    • 西班牙
    • 法国
    • 俄罗斯
    • 义大利
    • 英国
    • 比利时

第 8 章：北美装甲车升级改造市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 依设计类型
    • 按国家/地区
  • 北美：国家分析
    • 美国
    • 墨西哥
    • 加拿大

第9章：南美装甲车升级改造市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 依设计类型
    • 按国家/地区
  • 南美洲：国家分析
    • 巴西
    • 哥伦比亚
    • 阿根廷

第10章：中东与非洲装甲车升级改造市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 依设计类型
    • 按国家/地区
  • 中东和非洲：国家分析
    • 南非
    • 土耳其
    • 沙乌地阿拉伯
    • 阿联酋

第 11 章：SWOT 分析

  • 力量
  • 弱点
  • 机会
  • 威胁

第 12 章：市场动态

  • 市场驱动因素
  • 市场挑战

第 13 章：市场趋势与发展

第14章：竞争格局

  • 公司简介（最多10家主要公司）
    • General Dynamics Corporation
    • RHEINMETALL AG
    • BAE Systems PLC
    • Textron Inc.
    • Elbit Systems Ltd
    • Oshkosh Corporation
    • KNDS NV
    • FNSS Savunma Sistemleri AS
    • Thales SA
    • Ruag International Holding AG

第 15 章：策略建议

  • 重点关注领域
    • 目标地区
    • 目标类型
    • 设计类型

第16章调查会社について・免责事项

简介目录
Product Code: 19365

The Global Armored Vehicle Upgrade and Retrofit Market was valued at USD 7.41 Billion in 2023 and is expected to reach USD 10.69 Billion by 2029 with a CAGR of 6.37% during the forecast period. The global armored vehicle upgrade and retrofit market is experiencing significant growth, driven by a combination of evolving geopolitical tensions, advancements in technology, and the need for cost-effective modernization. Geopolitical instability and increasing military conflicts worldwide have heightened the demand for upgraded and retrofitted armored vehicles. Nations are investing in modernizing their defense fleets to ensure they are equipped to handle emerging threats and maintain a tactical edge. As geopolitical tensions escalate, governments and defense organizations are prioritizing the enhancement of their armored vehicle capabilities, leading to a surge in market activity. Technological advancements are playing a pivotal role in shaping the market. Innovations in defense technology, such as advanced armor materials, improved surveillance systems, and cutting-edge communication technologies, are driving the demand for vehicle upgrades. These advancements enable armored vehicles to offer superior protection, enhanced operational efficiency, and greater adaptability to various combat scenarios. Additionally, the evolution of threat landscapes, including the rise of asymmetric warfare and new types of insurgent tactics, necessitates continuous upgrades to ensure armored vehicles remain effective in diverse operational environments.

Market Overview
Forecast Period2025-2029
Market Size 2023USD 7.41 Billion
Market Size 2029USD 10.69 Billion
CAGR 2024-20296.37%
Fastest Growing SegmentTracked Armored Vehicles
Largest MarketNorth America

As defense budgets grow, nations are modernizing their aging infantry fighting vehicles (IFVs) by enhancing their fire control systems, firepower, and overall capabilities. Many are also purchasing new vehicles, driving a surge in demand for upgrades and retrofits. For example, in March 2024, the Indian Ministry of Defence finalized a deal with Armoured Vehicles Nigam Limited (AVNL) for the upgrade of 693 BMP2 infantry combat vehicles to the BMP2M model. This comprehensive upgrade, classified as Buy (Indian-Indigenously Designed, Developed, and Manufactured), includes enhancements such as Night Enablement, a Gunner Main Sight, a Commander Panoramic Sight, and a Fire Control System (FCS) with an Automatic Target Tracker.

In March 2024, Nexter presented its latest VBCI infantry fighting vehicle to Qatar, aligning with the country's post-2030 military modernization plans. The showcase suggested potential contracts for the VBCI II, an upgraded version designed for the French armed forces. Additionally, in December 2022, Sweden secured a USD 1.37 billion deal with the Slovak Ministry of Defense for 152 CV9035 infantry fighting vehicles from BAE Systems. Known as the CV90MkIV, the CV9035 features advanced capabilities, digital technology, and improved battlefield performance, including faster speeds, better handling, and a future-ready electronic architecture. These ongoing modernization initiatives, along with upcoming IFV upgrade programs, are expected to drive significant growth in the segment in the years ahead.

Key Market Drivers

Geopolitical Tensions and Conflict Zones

Geopolitical tensions and conflict zones have a significant impact on the demand for armored vehicle upgrades and retrofits. As nations face security threats, they often turn to enhancing the capabilities of their armored vehicles to ensure the safety of military personnel and assets. These tensions drive the need for armored vehicles that can withstand modern threats, such as improvised explosive devices (IEDs), rocket-propelled grenades (RPGs), and small arms fire. For instance, the conflict in Ukraine has led to a surge in demand for armored vehicle upgrades, as both the Ukrainian military and international actors seek to bolster the protection and performance of existing armored fleets. Additionally, the ongoing conflicts in the Middle East have underscored the importance of adapting armored vehicles to counter unconventional threats. Geopolitical shifts and evolving threat landscapes drive the need for cross-border mobility and interoperability. Nations are increasingly looking to standardize and upgrade their armored vehicle fleets to ensure compatibility in multinational military operations.

Technological Advancements and Threat Evolution

Rapid technological advancements are a driving force behind the need for armored vehicle upgrades and retrofits. The military landscape is constantly changing, with adversaries developing new and more sophisticated weapons and tactics. To address these evolving threats, armored vehicles must be equipped with state-of-the-art technology and systems. Advancements in armor materials, such as composite ceramics and nanotechnology, enable vehicles to withstand a broader range of threats while maintaining agility. Moreover, developments in situational awareness, communication systems, and electronic countermeasures enhance the survivability and effectiveness of armored units. The rise of unmanned systems and autonomous vehicles also plays a role in the market. Armored vehicles must be retrofitted with the necessary technology to interact with and protect against these emerging threats. In December 2023, the Army's Program Executive Office, Combat Support & Combat Service Support (PEO CS&CSS) and the Defense Innovation Unit chose three vendors to transform the Palletized Load System into an optionally crewed autonomous vehicle. System into an optionally crewed autonomous vehicle. This move aimed to enhance the Army's operational reach by using advanced commercial autonomous technology, while reducing risks for soldiers in hazardous conditions.

Cost-Effective Modernization

In a budget-constrained environment, cost-effective modernization is a significant driver in the armored vehicle upgrade and retrofit market. Many countries seek to extend the service life of their existing armored fleets rather than investing in entirely new vehicles. Retrofitting offers a cost-efficient alternative, as it enables the integration of cutting-edge technologies into older platforms. The modularity of armored vehicles allows for incremental upgrades, making it easier for defense forces to adapt to changing requirements over time. Retrofitting also extends the operational lifespan of existing assets, reducing the financial burden of procuring new vehicles. Cost-effective modernization is particularly crucial for smaller or economically challenged nations looking to enhance their military capabilities without exhausting their budgets. These countries often seek affordable upgrades that will provide a substantial return on investment.

Environmental and Regulatory Compliance

Increasingly, environmental and regulatory concerns are influencing the design and operation of armored vehicles. Governments and international bodies are imposing stricter emissions standards and regulations on military vehicles. To meet these requirements, defense agencies are turning to armored vehicle upgrades that incorporate more fuel-efficient engines, emission control systems, and other environmentally friendly technologies. Moreover, armored vehicle upgrades may involve improving the energy efficiency and sustainability of the vehicle fleet. This can include the integration of hybrid or electric propulsion systems and the use of alternative fuels to reduce the environmental impact of military operations. Compliance with international arms control agreements also affects the upgrade and retrofit market, as nations must ensure that their armored vehicles meet treaty obligations and restrictions.

Urban Warfare and Counter-Terrorism Operations

The growing prevalence of urban warfare and counter-terrorism operations has driven the need for armored vehicles that are better suited to these environments. Traditional main battle tanks are often ill-suited for the challenges of urban warfare, where mobility, situational awareness, and precision firepower are critical. Armored personnel carriers (APCs) and infantry fighting vehicles (IFVs) are increasingly being upgraded to address the specific demands of urban combat. These retrofits may include improvements to agility, enhanced urban camouflage, advanced surveillance and targeting systems, and non-lethal crowd control measures. The threat of improvised explosive devices (IEDs) in urban areas has also necessitated retrofitting for improved blast protection and counter-IED measures. Urban operations often require vehicles to operate near civilians, emphasizing the importance of minimizing collateral damage and protecting both military and civilian populations.

Key Market Challenges

Technological Complexity and Integration Challenges

Modernizing armored vehicles often involves the integration of advanced technologies and systems to enhance their capabilities. However, this technological complexity can pose significant challenges. Integrating new components into existing vehicle platforms can be a complex and time-consuming process. Upgrading older armored vehicles with state-of-the-art technology can be difficult due to compatibility issues. New systems may not seamlessly integrate with older platforms, requiring extensive modifications and potentially affecting the vehicle's overall performance. As armored vehicles become more reliant on digital systems and connectivity, they become susceptible to cyber threats. Ensuring the cybersecurity of these vehicles and their integrated systems is a growing challenge, as they may be vulnerable to hacking and electronic warfare attacks. The personnel responsible for maintaining and operating retrofitted armored vehicles must be trained to use the new technology effectively. This training can be time-consuming and costly, and it's essential to address skill gaps among existing personnel. As threats evolve, armored vehicles require continuous technology upgrades. Staying ahead of potential threats and maintaining compatibility with emerging technologies are constant challenges in armored vehicle modernization.

Budget Constraints and Cost Overruns

One of the most significant challenges in the armored vehicle upgrade and retrofit market is budget constraints. Governments and defense agencies often face limited financial resources, and the cost of upgrading or retrofitting armored vehicles can be substantial. Allocating funding for vehicle upgrades can be a complex and politically driven process. Competition with other defense priorities, such as procurement of new equipment and personnel costs, can limit the available budget for retrofit programs. The cost of upgrading armored vehicles can often exceed initial estimates. Unexpected technical challenges, delays, and scope changes can lead to budget overruns, causing financial strain and delays in implementation. While upgrades are often considered more cost-effective than purchasing new vehicles, the long-term life-cycle costs must be considered. Maintaining and supporting retrofitted vehicles can be expensive, and this can strain budgets over the vehicle's extended service life. Smaller or economically challenged nations may struggle to afford advanced retrofit programs, limiting their ability to keep up with technological advancements in armored warfare.

Regulatory Hurdles and Export Restrictions

Armored vehicle upgrades and retrofits often involve the export or import of defense technology and equipment, which can be subject to strict regulatory and export control measures. These measures pose challenges to the global market. Nations must navigate international arms control agreements, such as the Arms Trade Treaty, the Wassenaar Arrangement, and the Missile Technology Control Regime. Compliance with these agreements can restrict the transfer of certain technologies and components. The International Traffic in Arms Regulations (ITAR) in the United States and similar regulations in other countries impose strict controls on the export of military technologies. Companies involved in armored vehicle retrofitting must navigate these regulations, which can be complex and time-consuming. Many countries require end-user verification to ensure that defense equipment is not diverted to unauthorized users or used inappropriately. This verification process adds administrative overhead and may delay retrofit programs. Export decisions can be influenced by political considerations, international relations, and diplomatic agreements. Political factors can lead to changes in export restrictions and impact the availability of certain technologies for retrofit programs.

Key Market Trends

Integration of Advanced Technologies

A significant trend in the armored vehicle upgrade and retrofit market is the integration of advanced technologies to enhance the capabilities of existing armored vehicles. Modern military operations demand vehicles that are not only well-armored but also equipped with sophisticated systems to improve situational awareness, communication, and survivability. Upgraded armored vehicles are increasingly equipped with advanced sensors, cameras, and data processing systems to provide real-time situational awareness to the crew. This includes features such as 360-degree camera systems, threat detection, and augmented reality displays. The integration of secure and robust communication systems is a vital trend. Upgraded armored vehicles are equipped with advanced radio systems, secure data links, and the ability to connect with other units and command centers, improving coordination in the field. To counter threats like improvised explosive devices (IEDs) and electronic warfare, retrofitted vehicles often include electronic countermeasure systems, such as jamming devices and signal detection tools. The trend toward autonomy and unmanned systems also impacts armored vehicles. Some retrofits include semi-autonomous or fully autonomous features for tasks like reconnaissance, surveillance, and logistics. AI and machine learning are being used to enhance the decision-making capabilities of armored vehicle crews. These technologies can process vast amounts of data and assist in identifying potential threats and optimal responses.

Modularity and Scalability

Modularity and scalability have become essential trends in the armored vehicle upgrade and retrofit market. These concepts allow for cost-effective and flexible modernization of armored fleets. Modularity enables the integration of various components, while scalability ensures that upgrades can be adapted to different vehicle types and missions. Armored vehicles are being designed with standardized interfaces to allow for the easy integration of new components and systems. This reduces the cost and complexity of upgrades and facilitates future modifications. Modularity allows for mission-specific upgrades. For example, vehicles can be equipped with interchangeable mission kits for roles like command and control, reconnaissance, and combat support. Many nations seek commonality across their armored vehicle fleets to simplify maintenance and reduce logistics complexity. Modularity and scalability help achieve this by allowing different vehicles to share components and systems. Scalability ensures that armored vehicles can be continuously upgraded over their service life, adapting to changing mission requirements and threats without the need for a full replacement.

Environmental Considerations

A growing trend in the armored vehicle upgrade and retrofit market is the consideration of environmental factors. Defense agencies are increasingly focusing on reducing the environmental footprint of their armored fleets, both in terms of emissions and resource consumption. Armored vehicle retrofits often include improvements in fuel efficiency through more modern engine technology or the adoption of alternative propulsion systems, such as hybrid or electric powertrains. Emissions reduction technologies, including exhaust after-treatment systems, are being integrated into armored vehicles to comply with increasingly stringent emissions standards. The adoption of alternative fuels, such as biofuels, is a trend in retrofit programs. These fuels can reduce the carbon footprint and reliance on fossil fuels. The use of sustainable and lightweight materials in vehicle construction is gaining attention. Composite materials and advanced metals can reduce weight and improve fuel efficiency. Upgraded vehicles are often equipped with energy storage and regeneration systems, which can capture and store energy during braking or other operations to enhance overall efficiency.

International Collaboration and Joint Programs

A trend in the armored vehicle upgrade and retrofit market is an increasing focus on international collaboration and joint programs. Nations are recognizing the benefits of shared development and upgrading efforts, which can reduce costs and create common standards. Collaborative programs enable nations to share the costs of research, development, and production. This approach is particularly attractive for countries with limited defense budgets. International collaboration encourages the adoption of common standards and interfaces, which facilitates interoperability between the armored vehicles of different nations. Joint programs often involve technology transfer agreements, allowing participating nations to gain access to advanced technologies that they may not have had the resources to develop independently. For defense contractors and manufacturers, international collaboration expands the potential market for armored vehicle upgrades and retrofits. Joint programs create opportunities to provide services to multiple countries. Collaborative efforts in the defense sector can strengthen diplomatic ties and strategic partnerships between nations. This trend is not only about technology but also about fostering international relationships.

Segmental Insights

Type Insight

The Armored Personnel Carrier (APC) is a dominant segment in the global armored vehicle upgrade and retrofit market. APCs, designed to transport personnel safely through combat zones, are critical assets for military forces around the world. As modern warfare evolves, the need for upgraded APCs has intensified, driving the demand for retrofitting solutions to enhance their protection, mobility, and operational capabilities. Upgrading existing APCs involves enhancing armor protection, improving weapon systems, and integrating advanced communication and navigation technologies. These retrofits allow older APCs to meet current battlefield requirements without the need for costly new vehicle acquisitions. With the increasing complexity of modern threats, such as improvised explosive devices (IEDs), mines, and anti-tank guided missiles, armored vehicles must undergo regular upgrades to maintain their effectiveness. The retrofit market is also bolstered by the rising defense budgets globally, particularly in regions like North America, Europe, and Asia-Pacific. Additionally, the cost-effectiveness of upgrading existing fleets rather than purchasing entirely new vehicles is appealing to defense forces, contributing to APCs' dominance in the market. As defense organizations focus on improving operational efficiency and extending the life cycle of their armored fleets, the APC segment will continue to be a key driver in the growth of the armored vehicle upgrade and retrofit market.

Regional Insights

North America, particularly the United States, dominates the armored vehicle upgrade and retrofit market due to a combination of significant defense spending, technological innovation, and the need to maintain a robust and modernized military force. The U.S. Department of Defense (DoD) consistently allocates substantial budgets for the modernization of its military assets, including armored vehicles, which has made North America a key player in this market. One of the primary factors contributing to North America's dominance is its advanced defense industry, which includes major defense contractors like Lockheed Martin, General Dynamics, and BAE Systems. These companies lead in developing cutting-edge technology for armored vehicle upgrades, such as advanced sensors, communication systems, improved armor, and enhanced firepower. The expertise and innovation provided by these defense giants enable the U.S. military to continuously retrofit its existing fleet to meet evolving operational demands without investing in entirely new platforms.

U.S. military's global presence and its involvement in various operations around the world require a highly capable and modernized armored vehicle fleet. Retrofitting and upgrading existing vehicles is a cost-effective way to maintain readiness and ensure that U.S. forces can operate in diverse and challenging environments. This need drives constant investments in the armored vehicle upgrade and retrofit market, solidifying North America's leadership position. Geopolitical factors also play a role in this dominance. As tensions rise in regions like Eastern Europe and the Asia-Pacific, the U.S. continues to upgrade its military capabilities to counter potential threats, further boosting demand in the retrofit market. Additionally, North America's commitment to supporting its NATO allies includes sharing upgraded technology and providing retrofitted vehicles, amplifying its influence globally. North America's strong defense spending, leading defense contractors, and global military responsibilities position it as the dominant market in the armored vehicle upgrade and retrofit sector.

Key Market Players

  • General Dynamics Corporation
  • RHEINMETALL AG
  • BAE Systems PLC
  • Textron Inc.
  • Elbit Systems Ltd
  • Oshkosh Corporation
  • KNDS N.V.
  • FNSS Savunma Sistemleri A.S.
  • Thales S.A.
  • Ruag International Holding AG

Report Scope:

In this report, the Global Armored Vehicle Upgrade and Retrofit Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Armored Vehicle Upgrade and Retrofit Market, By Type:

  • Armored Personnel Carrier [APC]
  • Infantry Fighting Vehicle [IFV]
  • Mine-resistant Ambush Protected [MRAP]
  • Main Battle Tank [MBT]

Armored Vehicle Upgrade and Retrofit Market, By Design Type:

  • Wheeled Armored Vehicles
  • Tracked Armored Vehicles

Armored Vehicle Upgrade and Retrofit Market, By Region:

  • Asia-Pacific
    • China
    • India
    • Japan
    • Indonesia
    • Thailand
    • South Korea
    • Australia
  • Europe & CIS
    • Germany
    • Spain
    • France
    • Russia
    • Italy
    • United Kingdom
    • Belgium
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Turkey
    • Saudi Arabia
    • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Armored Vehicle Upgrade and Retrofit Market.

Available Customizations:

Global Armored Vehicle Upgrade and Retrofit market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Introduction

  • 1.1. Product Overview
  • 1.2. Key Highlights of the Report
  • 1.3. Market Coverage
  • 1.4. Market Segments Covered
  • 1.5. Research Tenure Considered

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Market Overview
  • 3.2. Market Forecast
  • 3.3. Key Regions
  • 3.4. Key Segments

4. Impact of COVID-19 on Global Armored Vehicle Upgrade and Retrofit Market

5. Global Armored Vehicle Upgrade and Retrofit Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type Market Share Analysis (Armored Personnel Carrier [APC], Infantry Fighting Vehicle [IFV], Mine-resistant Ambush Protected [MRAP], Main Battle Tank [MBT])
    • 5.2.2. By Design Type Market Share Analysis (Wheeled Armored Vehicles and Tracked Armored Vehicles)
    • 5.2.3. By Regional Market Share Analysis
      • 5.2.3.1. Asia-Pacific Market Share Analysis
      • 5.2.3.2. Europe & CIS Market Share Analysis
      • 5.2.3.3. North America Market Share Analysis
      • 5.2.3.4. South America Market Share Analysis
      • 5.2.3.5. Middle East & Africa Market Share Analysis
    • 5.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value 2023)
  • 5.3. Global Armored Vehicle Upgrade and Retrofit Market Mapping & Opportunity Assessment
    • 5.3.1. By Type Market Mapping & Opportunity Assessment
    • 5.3.2. By Design Type Market Mapping & Opportunity Assessment
    • 5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type Market Share Analysis
    • 6.2.2. By Design Type Market Share Analysis
    • 6.2.3. By Country Market Share Analysis
      • 6.2.3.1. China Market Share Analysis
      • 6.2.3.2. India Market Share Analysis
      • 6.2.3.3. Japan Market Share Analysis
      • 6.2.3.4. Indonesia Market Share Analysis
      • 6.2.3.5. Thailand Market Share Analysis
      • 6.2.3.6. South Korea Market Share Analysis
      • 6.2.3.7. Australia Market Share Analysis
      • 6.2.3.8. Rest of Asia-Pacific Market Share Analysis
  • 6.3. Asia-Pacific: Country Analysis
    • 6.3.1. China Armored Vehicle Upgrade and Retrofit Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Type Market Share Analysis
        • 6.3.1.2.2. By Design Type Market Share Analysis
    • 6.3.2. India Armored Vehicle Upgrade and Retrofit Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Type Market Share Analysis
        • 6.3.2.2.2. By Design Type Market Share Analysis
    • 6.3.3. Japan Armored Vehicle Upgrade and Retrofit Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Type Market Share Analysis
        • 6.3.3.2.2. By Design Type Market Share Analysis
    • 6.3.4. Indonesia Armored Vehicle Upgrade and Retrofit Market Outlook
      • 6.3.4.1. Market Size & Forecast
        • 6.3.4.1.1. By Value
      • 6.3.4.2. Market Share & Forecast
        • 6.3.4.2.1. By Type Market Share Analysis
        • 6.3.4.2.2. By Design Type Market Share Analysis
    • 6.3.5. Thailand Armored Vehicle Upgrade and Retrofit Market Outlook
      • 6.3.5.1. Market Size & Forecast
        • 6.3.5.1.1. By Value
      • 6.3.5.2. Market Share & Forecast
        • 6.3.5.2.1. By Type Market Share Analysis
        • 6.3.5.2.2. By Design Type Market Share Analysis
    • 6.3.6. South Korea Armored Vehicle Upgrade and Retrofit Market Outlook
      • 6.3.6.1. Market Size & Forecast
        • 6.3.6.1.1. By Value
      • 6.3.6.2. Market Share & Forecast
        • 6.3.6.2.1. By Type Market Share Analysis
        • 6.3.6.2.2. By Design Type Market Share Analysis
    • 6.3.7. Australia Armored Vehicle Upgrade and Retrofit Market Outlook
      • 6.3.7.1. Market Size & Forecast
        • 6.3.7.1.1. By Value
      • 6.3.7.2. Market Share & Forecast
        • 6.3.7.2.1. By Type Market Share Analysis
        • 6.3.7.2.2. By Design Type Market Share Analysis

7. Europe & CIS Armored Vehicle Upgrade and Retrofit Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type Market Share Analysis
    • 7.2.2. By Design Type Market Share Analysis
    • 7.2.3. By Country Market Share Analysis
      • 7.2.3.1. Germany Market Share Analysis
      • 7.2.3.2. Spain Market Share Analysis
      • 7.2.3.3. France Market Share Analysis
      • 7.2.3.4. Russia Market Share Analysis
      • 7.2.3.5. Italy Market Share Analysis
      • 7.2.3.6. United Kingdom Market Share Analysis
      • 7.2.3.7. Belgium Market Share Analysis
      • 7.2.3.8. Rest of Europe & CIS Market Share Analysis
  • 7.3. Europe & CIS: Country Analysis
    • 7.3.1. Germany Armored Vehicle Upgrade and Retrofit Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Type Market Share Analysis
        • 7.3.1.2.2. By Design Type Market Share Analysis
    • 7.3.2. Spain Armored Vehicle Upgrade and Retrofit Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Type Market Share Analysis
        • 7.3.2.2.2. By Design Type Market Share Analysis
    • 7.3.3. France Armored Vehicle Upgrade and Retrofit Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Type Market Share Analysis
        • 7.3.3.2.2. By Design Type Market Share Analysis
    • 7.3.4. Russia Armored Vehicle Upgrade and Retrofit Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Type Market Share Analysis
        • 7.3.4.2.2. By Design Type Market Share Analysis
    • 7.3.5. Italy Armored Vehicle Upgrade and Retrofit Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Type Market Share Analysis
        • 7.3.5.2.2. By Design Type Market Share Analysis
    • 7.3.6. United Kingdom Armored Vehicle Upgrade and Retrofit Market Outlook
      • 7.3.6.1. Market Size & Forecast
        • 7.3.6.1.1. By Value
      • 7.3.6.2. Market Share & Forecast
        • 7.3.6.2.1. By Type Market Share Analysis
        • 7.3.6.2.2. By Design Type Market Share Analysis
    • 7.3.7. Belgium Armored Vehicle Upgrade and Retrofit Market Outlook
      • 7.3.7.1. Market Size & Forecast
        • 7.3.7.1.1. By Value
      • 7.3.7.2. Market Share & Forecast
        • 7.3.7.2.1. By Type Market Share Analysis
        • 7.3.7.2.2. By Design Type Market Share Analysis

8. North America Armored Vehicle Upgrade and Retrofit Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type Market Share Analysis
    • 8.2.2. By Design Type Market Share Analysis
    • 8.2.3. By Country Market Share Analysis
      • 8.2.3.1. United States Market Share Analysis
      • 8.2.3.2. Mexico Market Share Analysis
      • 8.2.3.3. Canada Market Share Analysis
  • 8.3. North America: Country Analysis
    • 8.3.1. United States Armored Vehicle Upgrade and Retrofit Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Type Market Share Analysis
        • 8.3.1.2.2. By Design Type Market Share Analysis
    • 8.3.2. Mexico Armored Vehicle Upgrade and Retrofit Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Type Market Share Analysis
        • 8.3.2.2.2. By Design Type Market Share Analysis
    • 8.3.3. Canada Armored Vehicle Upgrade and Retrofit Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Type Market Share Analysis
        • 8.3.3.2.2. By Design Type Market Share Analysis

9. South America Armored Vehicle Upgrade and Retrofit Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type Market Share Analysis
    • 9.2.2. By Design Type Market Share Analysis
    • 9.2.3. By Country Market Share Analysis
      • 9.2.3.1. Brazil Market Share Analysis
      • 9.2.3.2. Argentina Market Share Analysis
      • 9.2.3.3. Colombia Market Share Analysis
      • 9.2.3.4. Rest of South America Market Share Analysis
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Armored Vehicle Upgrade and Retrofit Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Type Market Share Analysis
        • 9.3.1.2.2. By Design Type Market Share Analysis
    • 9.3.2. Colombia Armored Vehicle Upgrade and Retrofit Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Type Market Share Analysis
        • 9.3.2.2.2. By Design Type Market Share Analysis
    • 9.3.3. Argentina Armored Vehicle Upgrade and Retrofit Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Type Market Share Analysis
        • 9.3.3.2.2. By Design Type Market Share Analysis

10. Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type Market Share Analysis
    • 10.2.2. By Design Type Market Share Analysis
    • 10.2.3. By Country Market Share Analysis
      • 10.2.3.1. South Africa Market Share Analysis
      • 10.2.3.2. Turkey Market Share Analysis
      • 10.2.3.3. Saudi Arabia Market Share Analysis
      • 10.2.3.4. UAE Market Share Analysis
      • 10.2.3.5. Rest of Middle East & Africa Market Share Africa
  • 10.3. Middle East & Africa: Country Analysis
    • 10.3.1. South Africa Armored Vehicle Upgrade and Retrofit Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Type Market Share Analysis
        • 10.3.1.2.2. By Design Type Market Share Analysis
    • 10.3.2. Turkey Armored Vehicle Upgrade and Retrofit Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Type Market Share Analysis
        • 10.3.2.2.2. By Design Type Market Share Analysis
    • 10.3.3. Saudi Arabia Armored Vehicle Upgrade and Retrofit Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Type Market Share Analysis
        • 10.3.3.2.2. By Design Type Market Share Analysis
    • 10.3.4. UAE Armored Vehicle Upgrade and Retrofit Market Outlook
      • 10.3.4.1. Market Size & Forecast
        • 10.3.4.1.1. By Value
      • 10.3.4.2. Market Share & Forecast
        • 10.3.4.2.1. By Type Market Share Analysis
        • 10.3.4.2.2. By Design Type Market Share Analysis

11. SWOT Analysis

  • 11.1. Strength
  • 11.2. Weakness
  • 11.3. Opportunities
  • 11.4. Threats

12. Market Dynamics

  • 12.1. Market Drivers
  • 12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

  • 14.1. Company Profiles (Up to 10 Major Companies)
    • 14.1.1. General Dynamics Corporation
      • 14.1.1.1. Company Details
      • 14.1.1.2. Key Product Offered
      • 14.1.1.3. Financials (As Per Availability)
      • 14.1.1.4. Recent Developments
      • 14.1.1.5. Key Management Personnel
    • 14.1.2. RHEINMETALL AG
      • 14.1.2.1. Company Details
      • 14.1.2.2. Key Product Offered
      • 14.1.2.3. Financials (As Per Availability)
      • 14.1.2.4. Recent Developments
      • 14.1.2.5. Key Management Personnel
    • 14.1.3. BAE Systems PLC
      • 14.1.3.1. Company Details
      • 14.1.3.2. Key Product Offered
      • 14.1.3.3. Financials (As Per Availability)
      • 14.1.3.4. Recent Developments
      • 14.1.3.5. Key Management Personnel
    • 14.1.4. Textron Inc.
      • 14.1.4.1. Company Details
      • 14.1.4.2. Key Product Offered
      • 14.1.4.3. Financials (As Per Availability)
      • 14.1.4.4. Recent Developments
      • 14.1.4.5. Key Management Personnel
    • 14.1.5. Elbit Systems Ltd
      • 14.1.5.1. Company Details
      • 14.1.5.2. Key Product Offered
      • 14.1.5.3. Financials (As Per Availability)
      • 14.1.5.4. Recent Developments
      • 14.1.5.5. Key Management Personnel
    • 14.1.6. Oshkosh Corporation
      • 14.1.6.1. Company Details
      • 14.1.6.2. Key Product Offered
      • 14.1.6.3. Financials (As Per Availability)
      • 14.1.6.4. Recent Developments
      • 14.1.6.5. Key Management Personnel
    • 14.1.7. KNDS N.V.
      • 14.1.7.1. Company Details
      • 14.1.7.2. Key Product Offered
      • 14.1.7.3. Financials (As Per Availability)
      • 14.1.7.4. Recent Developments
      • 14.1.7.5. Key Management Personnel
    • 14.1.8. FNSS Savunma Sistemleri A.S.
      • 14.1.8.1. Company Details
      • 14.1.8.2. Key Product Offered
      • 14.1.8.3. Financials (As Per Availability)
      • 14.1.8.4. Recent Developments
      • 14.1.8.5. Key Management Personnel
    • 14.1.9. Thales S.A.
      • 14.1.9.1. Company Details
      • 14.1.9.2. Key Product Offered
      • 14.1.9.3. Financials (As Per Availability)
      • 14.1.9.4. Recent Developments
      • 14.1.9.5. Key Management Personnel
    • 14.1.10. Ruag International Holding AG
      • 14.1.10.1. Company Details
      • 14.1.10.2. Key Product Offered
      • 14.1.10.3. Financials (As Per Availability)
      • 14.1.10.4. Recent Developments
      • 14.1.10.5. Key Management Personnel

15. Strategic Recommendations

  • 15.1. Key Focus Areas
    • 15.1.1. Target Regions
    • 15.1.2. Target Type
    • 15.1.3. Design Type

16. About Us & Disclaimer