Armored Vehicle Upgrade And Retrofit Global Market Report 2024

Global Armored Vehicle Upgrade And Retrofit Market Report 2024

Armored Vehicle Upgrade And Retrofit Global Market Report 2024 – By Design (Wheeled Armored Vehicles, Tracked Armored Vehicles), By Vehicle Type (Tactical Truck, Main Battle Tanks (MBT), Assault Amphibious Vehicles (AAV), Armored Personnel Carrier (APC), Armored Recovery Vehicle, Armored Fighting Vehicle, Other Vehicle Types), By Armor Level Type (Rifle, Mine Resistant), By Point of Sale (Original Equipment Manufacturer (OEM), Retrofit) – Market Size, Trends, And Global Forecast 2024-2033

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Armored Vehicle Upgrade And Retrofit Global Market Report 2024

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Armored Vehicle Upgrade And Retrofit Global Market Report 2024

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Armored Vehicle Upgrade And Retrofit Market Definition

Armored vehicle upgrades and retrofits are standard practices to enhance existing armored vehicles’ performance, capabilities, and lifespan. These upgrades can range from simple improvements to more comprehensive modifications, depending on the specific requirements and objectives.

The main types of designs included in armored vehicle upgrades and retrofits are wheeled armored vehicles and tracked armored vehicles. Wheeled armored vehicles are armored vehicles that utilize wheels for mobility and are typically equipped with tires or tracks. It can be upgraded and retrofitted to enhance performance, protection, and capabilities. These are used in various types of vehicles, including tactical trucks, main battle tanks (MBT), assault amphibious vehicles (AAV), armored personnel carriers (APC), armored recovery vehicles, armored fighting vehicles, and others. The multiple armor levels involved are rifle and mine-resistant, which are sold through various points of sale, such as original equipment manufacturer (OEM) and retrofit.

Armored Vehicle Upgrade And Retrofit Market Segmentation

The armored vehicle upgrade and retrofit market covered in this report is segmented –

1) By Design: Wheeled Armored Vehicles, Tracked Armored Vehicles

2) By Vehicle Type: Tactical Truck, Main Battle Tanks (MBT), Assault Amphibious Vehicles (AAV), Armored Personnel Carrier (APC), Armored Recovery Vehicle, Armored Fighting Vehicle, Other Vehicle Types

3) By Armor Level Type: Rifle, Mine Resistant

4) By Point of Sale: Original Equipment Manufacturer (OEM), Retrofit

Global Armored Vehicle Upgrade And Retrofit Market Size 2023 to 2028: Graph

Armored Vehicle Upgrade And Retrofit Market Size 2024 And Growth Rate

The armored vehicle upgrade and retrofit market size has grown steadily in recent years. It will grow from $6.07 billion in 2023 to $6.36 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to cold war era arms race, evolving threats and tactics, emphasis on logistics and maintenance, budget allocations for defense spending, evolving threat landscape.

Armored Vehicle Upgrade And Retrofit Market Growth Forecast

The armored vehicle upgrade and retrofit market size is expected to see steady growth in the next few years. It will grow to $7.52 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to increasing focus on hybrid and electric propulsion, adoption of unmanned ground vehicles (ugvs), growing demand for modular and scalable upgrades, emphasis on lightweight and survivable designs, global geopolitical tensions. Major trends in the forecast period include integration of artificial intelligence in vehicle systems, enhanced survivability through active protection systems, shift towards digitalization and connectivity, increased use of additive manufacturing in upgrades, sustainable and eco-friendly armored vehicle solutions.

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Armored Vehicle Upgrade And Retrofit Market Driver: The Surge In Armored Vehicle Upgrades Amidst Rising Terrorism

The rise in terrorism and hostile activities is expected to propel the growth of the armored vehicle upgrade and retrofit market going forward. Terrorism and hostile activities refer to acts of violence, aggression, or threats perpetrated by individuals or groups to cause fear, harm, or disruption. Armored vehicles significantly counter-terrorism and hostile activities by providing security forces and military units with protection, mobility, and firepower. They are utilized in various scenarios to mitigate the risks of terrorist attacks and hostile activities. For instance, in March 2022, according to Global Terrorism Index 2022 report from the Institute for Economics and Peace, an Australia-based thinktank, terrorism attacks rose by 17% to 5,226 in 2021. Afghanistan leads the world in terrorist attacks, notably in August 2021, a devastating incident occurred at Kabul International Airport, where a suicide bomber tragically claimed the lives of at least 170 people and left over 200 others wounded when the explosives were detonated. Therefore, the rise in terrorism and hostile activities will drive the future armored vehicle upgrade and retrofit market.

Armored Vehicle Upgrade And Retrofit Market Driver: Budget Allocation's Pivotal Role In Armored Vehicle Evolution

The growing budget allocation for military and law enforcement sectors is expected to propel the growth of the armored vehicle upgrade and retrofit market going forward. Budget allocation for military and law enforcement sectors refers to the process of assigning financial resources to fund the activities, operations, and needs of the armed forces and law enforcement agencies within a government. Budget allocation for the military and law enforcement sectors plays a crucial role in shaping the armored vehicle upgrade and retrofit market, ensuring that vehicles maintain effectiveness, security, and alignment with evolving security needs. For instance, in April 2022, according to the US Department of Defense, a US-based government agency, the Department of Defense’s discretionary budget authority for the military was roughly $705.39 billion in FY2021, and the projected budget request for FY2023 is $773.0 billion, reflecting the National Defense Strategy’s emphasis on China’s pacing challenge. Therefore, growing budget allocation for military and law enforcement sectors is driving the growth of armored vehicle upgrade and retrofit market

Global Armored Vehicle Upgrade And Retrofit Market Major Players

Major companies operating in the armored vehicle upgrade and retrofit market report are Hyundai Motor Group, SAIC Motor Corporation Limited., Hanwha Group, Tata Motors Limited, General Dynamics Corporation, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., Rostec State Corporation, BAE Systems PLC, Lockheed Martin Corporation, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., Iveco S.p.A, Textron Inc., Navistar Inc., ST Engineering, Oshkosh Corporation, Rheinmetall AG, Elbit Systems Ltd., Nexter Systems, Krauss-Maffei Wegmann GmbH and Co. KG, Ukroboronprom, RUAG Holding, AM General LLC, Patria Plc., CMI Group Inc., FNSS Savunma Sistemleri AS., Denel Land Systems, MKU Limited.

Global Armored Vehicle Upgrade And Retrofit Market Trend: Technological Trends Reshaping The Armored Vehicle Retrofit Market

Technological advancements are a key trend gaining popularity in the armored vehicle upgrade and retrofit market. Major companies operating in the armored vehicle upgrade and retrofit market are focused on the latest technology to sustain their position. For instance, in June 2022, Texelis SAS, a France-based manufacturing company, introduced a new technological solution to wheeled armored vehicle electrification for military operators looking to take the next step toward a greener battlefield. This solution combines proven electric vehicle components to offer a faster route to vehicle electrification than whole-vehicle electric design programs. It can be implemented on existing wheeled military vehicles to retain advanced mobility while harnessing technologies to enable the ability to export electric power to charge soldier systems and run in full-electric silent mode for limited periods.

Global Armored Vehicle Upgrade And Retrofit Market Trend: New Product Launches Reshape Armored Vehicle Upgrades Landscape

Major companies operating in the armored vehicle upgrades and retrofit market are focused on developing innovative products such as protection vehicles to increase their profitability in the market. Protection vehicles refer to specialized vehicles designed and equipped for security, defense, or law enforcement purposes. For instance, in August 2023, Bayerische Motoren Werke AG, a Germany-based luxury vehicles manufacturer, launched first-ever BMW i7 Protection, a self-sustaining frame constructed from reinforced armored steel, complemented by additional armoring for the undercarriage and roof, and fortified with armored glass. The BMW i7 Protection stands as the inaugural electric protection sedan globally, powered by two robust electric motors. It provides uncompromised VR9-class protection, setting a new standard in the realm of electric security vehicles.

Armored Vehicle Upgrade And Retrofit Market Merger And Acquisition: Inkas And Fds Join Forces For High-Performance Intervention Systems

In April 2023, INKAS Armored Vehicle Manufacturing, a Canada-based manufacturing company, partnered with Force Development Services (FDS) to provide a high-grip surface. The vehicle platform is manufactured with a glass fiber-reinforced plastic (GFRP) cover. With this partnership, FDS vehicle-borne intervention systems have been operationally proven for over two decades and are known to enable users to achieve successful outcomes in highly demanding scenarios. These intervention systems will enable tactical teams to move quickly and covertly to access aircraft, buses, trains, buildings, or ships in port. Force Development Services (FDS) is a UK-based engineering equipment manufacturing company offering bespoke tactical systems, entry tools, body shields, and military tactical gear.

Regional Outlook For The Global Armored Vehicle Upgrade And Retrofit Market

North America was the largest region in the armored vehicle upgrade and retrofit market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the armored vehicle upgrade and retrofit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the armored vehicle upgrade and retrofit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The armored vehicle upgrade and retrofit market includes revenues earned by entities by central tire inflation systems (CTIS), remotely operated weapon stations (ROWS), and integration of explosive reactive armor (ERA) modules. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The armored vehicle upgrade and retrofit market research report is one of a series of new reports from The Business Research Company that provides armored vehicle upgrade and retrofit market statistics, including armored vehicle upgrade and retrofit industry global market size, regional shares, competitors with a armored vehicle upgrade and retrofit market share, detailed armored vehicle upgrade and retrofit market segments, market trends and opportunities, and any further data you may need to thrive in the armored vehicle upgrade and retrofit industry. This armored vehicle upgrade and retrofit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Armored Vehicle Upgrade And Retrofit Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$6.36 billion
Revenue Forecast In 2033	$7.52 billion
Growth Rate	CAGR of 4.3% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Design: Wheeled Armored Vehicles, Tracked Armored Vehicles 2) By Vehicle Type: Tactical Truck, Main Battle Tanks (MBT), Assault Amphibious Vehicles (AAV), Armored Personnel Carrier (APC), Armored Recovery Vehicle, Armored Fighting Vehicle, Other Vehicle Types 3) By Armor Level Type: Rifle, Mine Resistant 4) By Point of Sale: Original Equipment Manufacturer (OEM), Retrofit
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Hyundai Motor Group; SAIC Motor Corporation Limited.; Hanwha Group; Tata Motors Limited; General Dynamics Corporation; Northrop Grumman Corporation; Mitsubishi Heavy Industries Ltd.; Rostec State Corporation; BAE Systems PLC; Lockheed Martin Corporation; Thales Group; L3Harris Technologies Inc.; Leonardo S.p.A.; Iveco S.p.A; Textron Inc.; Navistar Inc.; ST Engineering; Oshkosh Corporation; Rheinmetall AG; Elbit Systems Ltd.; Nexter Systems; Krauss-Maffei Wegmann GmbH and Co. KG; Ukroboronprom; RUAG Holding; AM General LLC; Patria Plc.; CMI Group Inc.; FNSS Savunma Sistemleri AS.; Denel Land Systems; MKU Limited.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Armored Vehicle Upgrade And Retrofit Market Characteristics

3. Armored Vehicle Upgrade And Retrofit Market Trends And Strategies

4. Armored Vehicle Upgrade And Retrofit Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Armored Vehicle Upgrade And Retrofit Market Size and Growth

5.1. Global Armored Vehicle Upgrade And Retrofit Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Armored Vehicle Upgrade And Retrofit Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Armored Vehicle Upgrade And Retrofit Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Armored Vehicle Upgrade And Retrofit Market Segmentation

6.1. Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Wheeled Armored Vehicles

Tracked Armored Vehicles

6.2. Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Tactical Truck

Main Battle Tanks (MBT)

Assault Amphibious Vehicles (AAV)

Armored Personnel Carrier (APC)

Armored Recovery Vehicle

Armored Fighting Vehicle

Other Vehicle Types

6.3. Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Rifle

Mine Resistant

6.4. Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Original Equipment Manufacturer (OEM)

Retrofit

7. Armored Vehicle Upgrade And Retrofit Market Regional And Country Analysis

7.1. Global Armored Vehicle Upgrade And Retrofit Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Armored Vehicle Upgrade And Retrofit Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Armored Vehicle Upgrade And Retrofit Market

8.1. Asia-Pacific Armored Vehicle Upgrade And Retrofit Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Armored Vehicle Upgrade And Retrofit Market

9.1. China Armored Vehicle Upgrade And Retrofit Market Overview

9.2. China Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Armored Vehicle Upgrade And Retrofit Market

10.1. India Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Armored Vehicle Upgrade And Retrofit Market

11.1. Japan Armored Vehicle Upgrade And Retrofit Market Overview

11.2. Japan Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Armored Vehicle Upgrade And Retrofit Market

12.1. Australia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Armored Vehicle Upgrade And Retrofit Market

13.1. Indonesia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Armored Vehicle Upgrade And Retrofit Market

14.1. South Korea Armored Vehicle Upgrade And Retrofit Market Overview

14.2. South Korea Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Armored Vehicle Upgrade And Retrofit Market

15.1. Western Europe Armored Vehicle Upgrade And Retrofit Market Overview

15.2. Western Europe Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Armored Vehicle Upgrade And Retrofit Market

16.1. UK Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Armored Vehicle Upgrade And Retrofit Market

17.1. Germany Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Armored Vehicle Upgrade And Retrofit Market

18.5. France Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Armored Vehicle Upgrade And Retrofit Market

19.9. Italy Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Armored Vehicle Upgrade And Retrofit Market

20.13. Spain Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Armored Vehicle Upgrade And Retrofit Market

21.1. Eastern Europe Armored Vehicle Upgrade And Retrofit Market Overview

21.2. Eastern Europe Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Armored Vehicle Upgrade And Retrofit Market

22.1. Russia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Armored Vehicle Upgrade And Retrofit Market

23.1. North America Armored Vehicle Upgrade And Retrofit Market Overview

23.2. North America Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Armored Vehicle Upgrade And Retrofit Market

24.1. USA Armored Vehicle Upgrade And Retrofit Market Overview

24.2. USA Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Armored Vehicle Upgrade And Retrofit Market

25.1. Canada Armored Vehicle Upgrade And Retrofit Market Overview

25.2. Canada Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Armored Vehicle Upgrade And Retrofit Market

26.1. South America Armored Vehicle Upgrade And Retrofit Market Overview

26.2. South America Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Armored Vehicle Upgrade And Retrofit Market

27.1. Brazil Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Armored Vehicle Upgrade And Retrofit Market

28.1. Middle East Armored Vehicle Upgrade And Retrofit Market Overview

28.2. Middle East Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Armored Vehicle Upgrade And Retrofit Market

29.1. Africa Armored Vehicle Upgrade And Retrofit Market Overview

29.2. Africa Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Armored Vehicle Upgrade And Retrofit Market Competitive Landscape And Company Profiles

30.1. Armored Vehicle Upgrade And Retrofit Market Competitive Landscape

30.2. Armored Vehicle Upgrade And Retrofit Market Company Profiles

30.2.1. Hyundai Motor Group

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. SAIC Motor Corporation Limited.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Hanwha Group

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Tata Motors Limited

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. General Dynamics Corporation

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Armored Vehicle Upgrade And Retrofit Market Other Major And Innovative Companies

31.1. Northrop Grumman Corporation

31.2. Mitsubishi Heavy Industries Ltd.

31.3. Rostec State Corporation

31.4. BAE Systems PLC

31.5. Lockheed Martin Corporation

31.6. Thales Group

31.7. L3Harris Technologies Inc.

31.8. Leonardo S.p.A.

31.9. Iveco S.p.A

31.10. Textron Inc.

31.11. Navistar Inc.

31.12. ST Engineering

31.13. Oshkosh Corporation

31.14. Rheinmetall AG

31.15. Elbit Systems Ltd.

32. Global Armored Vehicle Upgrade And Retrofit Market Competitive Benchmarking

33. Global Armored Vehicle Upgrade And Retrofit Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Armored Vehicle Upgrade And Retrofit Market

35. Armored Vehicle Upgrade And Retrofit Market Future Outlook and Potential Analysis

35.1 Armored Vehicle Upgrade And Retrofit Market In 2028 - Countries Offering Most New Opportunities

35.2 Armored Vehicle Upgrade And Retrofit Market In 2028 - Segments Offering Most New Opportunities

35.3 Armored Vehicle Upgrade And Retrofit Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Armored Vehicle Upgrade And Retrofit Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Armored Vehicle Upgrade And Retrofit Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Hyundai Motor Group Financial Performance

Table 76: SAIC Motor Corporation Limited. Financial Performance

Table 77: Hanwha Group Financial Performance

Table 78: Tata Motors Limited Financial Performance

Table 79: General Dynamics Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Armored Vehicle Upgrade And Retrofit Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Armored Vehicle Upgrade And Retrofit Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point of Sale, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Hyundai Motor Group Financial Performance

Figure 76: SAIC Motor Corporation Limited. Financial Performance

Figure 77: Hanwha Group Financial Performance

Figure 78: Tata Motors Limited Financial Performance

Figure 79: General Dynamics Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the armored vehicle upgrade and retrofit market?

How will the armored vehicle upgrade and retrofit market drivers and restraints affect the armored vehicle upgrade and retrofit market dynamics? What forces will shape the armored vehicle upgrade and retrofit industry going forward?

The armored vehicle upgrade and retrofit market major growth driver - The Surge In Armored Vehicle Upgrades Amidst Rising Terrorism. For further insights on the armored vehicle upgrade and retrofit market, request a sample here

What is the forecast market size or the forecast market value of the armored vehicle upgrade and retrofit market?

The armored vehicle upgrade and retrofit market size has grown steadily in recent years. It will grow from $6.07 billion in 2023 to $6.36 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to cold war era arms race, evolving threats and tactics, emphasis on logistics and maintenance, budget allocations for defense spending, evolving threat landscape. The armored vehicle upgrade and retrofit market size is expected to see steady growth in the next few years. It will grow to $7.52 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to increasing focus on hybrid and electric propulsion, adoption of unmanned ground vehicles (ugvs), growing demand for modular and scalable upgrades, emphasis on lightweight and survivable designs, global geopolitical tensions. Major trends in the forecast period include integration of artificial intelligence in vehicle systems, enhanced survivability through active protection systems, shift towards digitalization and connectivity, increased use of additive manufacturing in upgrades, sustainable and eco-friendly armored vehicle solutions. For further insights on the armored vehicle upgrade and retrofit market, request a sample here

How is the armored vehicle upgrade and retrofit market segmented?

The armored vehicle upgrade and retrofit market is segmented
1) By Design: Wheeled Armored Vehicles, Tracked Armored Vehicles
2) By Vehicle Type: Tactical Truck, Main Battle Tanks (MBT), Assault Amphibious Vehicles (AAV), Armored Personnel Carrier (APC), Armored Recovery Vehicle, Armored Fighting Vehicle, Other Vehicle Types
3) By Armor Level Type: Rifle, Mine Resistant
4) By Point of Sale: Original Equipment Manufacturer (OEM), RetrofitFor further insights on the armored vehicle upgrade and retrofit market, request a sample here

Which region has the largest share of the armored vehicle upgrade and retrofit market? What are the other regions covered in the report?

North America was the largest region in the armored vehicle upgrade and retrofit market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the armored vehicle upgrade and retrofit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the armored vehicle upgrade and retrofit market, request a sample here.

Who are the major players in the armored vehicle upgrade and retrofit market?

What are the key trends in the armored vehicle upgrade and retrofit market?

Major trend in the armored vehicle upgrade and retrofit market - Technological Trends Reshaping The Armored Vehicle Retrofit Market. For further insights on the armored vehicle upgrade and retrofit market, request a sample here.

What are the major opportunities in the armored vehicle upgrade and retrofit market? What are the strategies for the armored vehicle upgrade and retrofit market?

For detailed insights on the major opportunities and strategies in the armored vehicle upgrade and retrofit market, request a sample here.

How does the armored vehicle upgrade and retrofit market relate to the overall economy and other similar markets?

For detailed insights on armored vehicle upgrade and retrofit market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the armored vehicle upgrade and retrofit industry?

For detailed insights on the mergers and acquisitions in the armored vehicle upgrade and retrofit industry, request a sample here.

What are the key dynamics influencing the armored vehicle upgrade and retrofit market growth? SWOT analysis of the armored vehicle upgrade and retrofit market.

For detailed insights on the key dynamics influencing the armored vehicle upgrade and retrofit market growth and SWOT analysis of the armored vehicle upgrade and retrofit industry, request a sample here.