The global armored vehicle upgrade and retrofit market size accounted for USD 7.46 billion in 2024, grew to USD 7.81 billion in 2025, and is expected to be worth around USD 11.81 billion by 2034, poised to grow at a CAGR of 4.7% between 2024 and 2034.
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Armored Vehicle Upgrade and Retrofit Market
5.1. COVID-19 Landscape: Armored Vehicle Upgrade and Retrofit Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics 6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Armored Vehicle Upgrade and Retrofit Market, By Type
8.1. Armored Vehicle Upgrade and Retrofit Market Revenue and Volume, by Type, 2024-2034
8.1.1. Armored Personnel Carrier (APC)
8.1.1.1. Market Revenue and Volume Forecast (2021-2034)
8.1.2. Infantry Fighting Vehicle (IFV)
8.1.2.1. Market Revenue and Volume Forecast (2021-2034)
8.1.3. Mine-resistant Ambush Protected (MRAP)
8.1.3.1. Market Revenue and Volume Forecast (2021-2034)
8.1.4. Main Battle Tank (MBT)
8.1.4.1. Market Revenue and Volume Forecast (2021-2034)
8.1.5. Others
8.1.5.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 9. Global Armored Vehicle Upgrade and Retrofit Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.1.2. U.S.
9.1.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.1.3. Rest of North America
9.1.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.2. Europe
9.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.2.2. UK
9.2.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.2.3. Germany
9.2.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.2.4. France
9.2.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.2.5. Rest of Europe
9.2.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.3. APAC
9.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.3.2. India
9.3.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.3.3. China
9.3.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.3.4. Japan
9.3.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.3.5. Rest of APAC
9.3.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.4. MEA
9.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.4.2. GCC
9.4.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.4.3. North Africa
9.4.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.4.4. South Africa
9.4.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.4.5. Rest of MEA
9.4.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.5. Latin America
9.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.5.2. Brazil
9.5.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)
9.5.3. Rest of LATAM
9.5.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
Chapter 10. Company Profiles
10.1. Rheinmetall AG
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. General Dynamics Corporation
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Elbit Systems Ltd
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Textron Inc.
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. BAE Systems PLC
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Oshkosh Corporation
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. FNSS Savunma Sistemleri
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Nexter Group
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Thales Group
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. RUAG Group
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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