The armored vehicle market was worth around $19.5 billion in 2022. That number is expected to grow to $33.9 billion by 2030. That's a growth rate of 6.2% each year. Basically, people are buying more armored vehicles and that trend is expected to continue. Armored vehicle market have been a critical component of military forces for over a century, providing protected mobility, firepower, and shock value on the battlefield. In recent years, the armored vehicle landscape has undergone significant transformations, driven by advancements in materials, propulsion systems, sensors, and digital architectures. This overview explores the latest trends and cutting-edge innovations shaping the future of Armored vehicle market.
Informational Source:
https://www.fortunebusinessinsights.com/industry-reports/armored-vehicle-market-101817
Segment Covered in Armored Vehicle Market are:
By Platform (Combat Vehicle, Combat Support Vehicle, and Unmanned Armored Ground Vehicles), By Propulsion (Conventional and Electric), By Mobility (Wheeled and Tracked), By System (Drive Systems, Structures & Mechanisms, Weapons & Ammunition Control Systems, Countermeasure Systems, Command & Control Systems, Navigation Systems, Observation & Display Systems, and Others)
The quest for enhanced protection has been a primary focus in armored vehicle development. Traditional armor made of steel has given way to advanced composite materials that offer superior weight-to-strength ratios. Reactive armor, which uses explosives to defeat incoming threats, has become increasingly common, providing an additional layer of defense.
One notable innovation is the use of active protection systems (APS). These systems employ a network of sensors and countermeasures to detect and neutralize incoming threats, such as anti-tank missiles and rocket-propelled grenades, before they can impact the vehicle. APS technology has demonstrated impressive capabilities in testing and is being rapidly adopted by military forces around the world.
In addition to traditional armor, there is growing interest in the use of electromagnetic armor, which uses powerful electromagnetic fields to disrupt the guidance and propulsion of incoming projectiles. This technology, while still in the experimental stage, holds promise for providing enhanced protection against advanced threats.
Armored vehicle market have historically been limited by their heavy weight and reliance on diesel engines, which compromise mobility and fuel efficiency. However, the emergence of hybrid-electric and all-electric powertrains is revolutionizing the way these platforms move.
Hybrid-electric systems combine a conventional internal combustion engine with an electric motor, allowing for improved fuel efficiency, silent mobility, and enhanced acceleration. All-electric Armored vehicle market, on the other hand, eliminate the need for a combustion engine altogether, offering silent operation, reduced thermal and acoustic signatures, and the potential for greater range and longer periods of autonomous operations.
These new propulsion systems are also enabling the integration of advanced mobility features, such as independent suspension, active suspension, and advanced steering systems. These technologies enhance the vehicle's agility, allowing it to navigate challenging terrain and urban environments more effectively.
Armored vehicle market are increasingly being equipped with a diverse array of sensors to enhance situational awareness and decision-making. Advanced optics, including thermal imaging and night vision capabilities, provide improved visibility in low-light conditions and aid in target identification.
The integration of networked sensors, such as radar, lidar, and acoustic sensors, enables Armored vehicle market to detect and track threats in their surroundings, providing a comprehensive understanding of the battlefield. This information can be fused with data from other platforms and command-and-control systems, allowing for more coordinated and effective operations.
Furthermore, the incorporation of autonomous and semi-autonomous features, such as object detection, collision avoidance, and autonomous braking, can enhance the safety and survivability of Armored vehicle market, particularly in urban environments.