In 2022, the global armored vehicles market was worth around $19.5 billion. It's expected to grow to $22.2 billion in 2023, and then continue expanding to reach $33.9 billion by the year 2030. That's a projected growth rate of 6.2% per year during the period from 2023 to 2030. So the armored vehicle market is anticipated to see solid, steady growth over the next several years.

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https://www.fortunebusinessinsights.com/industry-reports/armored-vehicle-market-101817

The key points are:

• The current market size is around $19.5 billion
• It's expected to grow to $22.2 billion in 2023
• By 2030, it's projected to reach $33.9 billion
• That's a compound annual growth rate of 6.2% during 2023-2030.

Key Players Covered in Armored Vehicle Market are:

• BAE Systems (U.K.)
• General Dynamics Corporation (U.S.)
• Rheinmetall AG (Germany)
• Krauss-Maffei Wegmann GmbH (Germany)
• Denel SOC ltd (South Africa)
• IVECO DEFENCE VEHICLES (Italy)
• NORINCOGROUP.com Inc. (China)
• Oshkosh Defense, LLC An Oshkosh Corporation Company (U.S.)
• Otokar, a KOC Group Company (Turkey)
• Textron Systems (U.S.)