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Published : January 2026

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Armored Vehicle Upgrade And Retrofit Market Report 2026

Name: Armored Vehicle Upgrade And Retrofit Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
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Global Outlook – 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, Strategies, and Forecast to 2035

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Armored Vehicle Upgrade And Retrofit Market Overview

• Armored Vehicle Upgrade And Retrofit market size has reached to $6.46 billion in 2025

• Expected to grow to $7.98 billion in 2030 at a compound annual growth rate (CAGR) of 4.3%

• Growth Driver: Budget Allocation's Pivotal Role In Armored Vehicle Evolution

• Market Trend: Next-Generation Solutions For Armored Vehicle Upgrades

• North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Armored Vehicle Upgrade And Retrofit Market?

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 Report bar graph

What Is The Armored Vehicle Upgrade And Retrofit Market Size and Share 2026?

The armored vehicle upgrade and retrofit market size has grown steadily in recent years. It will grow from $6.46 billion in 2025 to $6.75 billion in 2026 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to rising need to extend service life of aging military vehicle fleets, increased deployment of armored vehicles in conflict zones driving mid-life upgrades, advancements in armor materials enabling retrofit demand, growing adoption of digital battlefield systems requiring vehicle modernization, post-cold war defense budget reallocations supporting refurbishment programs.

What Is The 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 $7.98 billion in 2030 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to expanding focus on survivability enhancements against emerging threats, increasing integration of advanced situational awareness and sensor suites, growing demand for modular upgrade kits for rapid fleet modernization, rising procurement of unmanned and remote weapon systems requiring retrofit compatibility, shift toward cost-effective modernization over new vehicle acquisitions. Major trends in the forecast period include increasing integration of modular protection systems, rising adoption of hybrid armor materials, growth in retrofit demand for legacy armored fleets, enhanced survivability solutions through lightweight composites, upgrades focused on extended vehicle lifecycle optimization.

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Global Armored Vehicle Upgrade And Retrofit Market Segmentation

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

Subsegments:

1) By Wheeled Armored Vehicles: Light Tactical Vehicles, Medium Tactical Vehicles, Heavy Tactical Vehicles, Mine-Resistant Ambush Protected (MRAP) Vehicles

2) By Tracked Armored Vehicles: Main Battle Tanks (MBTs), Armored Personnel Carriers (APCs), Infantry Fighting Vehicles (IFVs), Self-Propelled Artillery

What Is Driver Of The Armored Vehicle Upgrade And Retrofit Market?

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 2024, according to the UK Defence in Numbers 2023 report published by the Ministry of Defence, a UK-based government ministry, in both 2022 and 2023, we allocated £2.3 billion in military support, with an increase to £2.5 billion planned for the following year, while defense spending rose from £52.8 billion in 2022/23 to £54.2 billion in 2023/24. Therefore, growing budget allocation for military and law enforcement sectors is driving the growth of armored vehicle upgrade and retrofit industry

Key Players In The Global Armored Vehicle Upgrade And Retrofit Market

Major companies operating in the armored vehicle upgrade and retrofit market 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 Trends and Insights

Major companies operating in the armored vehicle upgrade and retrofit market are focusing on developing innovative solutions, such as high-power engine retrofits, to meet the rising demand for enhanced battlefield mobility and offensive capabilities. High-power engine retrofits involve upgrading existing armored vehicles with more powerful engines, improving speed, maneuverability, and operational efficiency compared to traditional engines. For instance, in March 2025, Rosoboronexport, a Russia-based state-owned defense exporter, signed a $248 million deal with the Ministry of Defence, Government of India to supply 1000 hp engines for t-72 tanks, replacing the existing 780 hp engines. The engines will be delivered in fully formed, completely knocked down (CKD), and semi-knocked down (SKD) conditions, with transfer of technology to Armoured Vehicles Nigam Limited (AVANI), Heavy Vehicle Factory (HVF), Chennai, enabling licensed local production under India’s “Make in India” initiative. These upgraded engines are designed to enhance battlefield performance, reduce maintenance complexity, and extend the operational lifespan of the existing tank fleet, providing a cost-effective alternative to procuring entirely new vehicles. The engines can be integrated into current t-72 tanks to significantly boost mobility, firepower response, and overall combat readiness.

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What Are Latest Mergers And Acquisitions In The Armored Vehicle Upgrade And Retrofit Market? 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 Insights

North America was the largest region in the armored vehicle upgrade and retrofit market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Armored Vehicle Upgrade And Retrofit Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Armored Vehicle Upgrade And Retrofit Market Report 2026?

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

Author : Abdul Wasay

Armored Vehicle Upgrade And Retrofit Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2026	$6.75 billion
Revenue Forecast In 2035	$7.98 billion
Growth Rate	CAGR of 4.5% from 2026 to 2035
Base Year For Estimation	2025
Actual Estimates/Historical Data	2020-2025
Forecast Period	2026 - 2030 - 2035
Market Representation	Revenue in USD Billion and CAGR from 2026 to 2035
Segments Covered	Design, Vehicle Type, Armor Level Type, Point Of Sale
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, ...
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 Customization
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

1.1. Key Market Insights (2020-2035)

1.2. Visual Dashboard: Market Size, Growth Rate, Hotspots

1.3. Major Factors Driving the Market

1.4. Top Three Trends Shaping the Market

2. Armored Vehicle Upgrade And Retrofit Market Characteristics

2.1. Market Definition & Scope

2.2. Market Segmentations

2.3. Overview of Key Products and Services

2.4. Global Armored Vehicle Upgrade And Retrofit Market Attractiveness Scoring And Analysis

2.4.1. Overview of Market Attractiveness Framework

2.4.2. Quantitative Scoring Methodology

2.4.3. Factor-Wise Evaluation

Growth Potential Analysis, Competitive Dynamics Assessment, Strategic Fit Assessment And Risk Profile Evaluation

2.4.4. Market Attractiveness Scoring and Interpretation

2.4.5. Strategic Implications and Recommendations

3. Armored Vehicle Upgrade And Retrofit Market Supply Chain Analysis

3.1. Overview of the Supply Chain and Ecosystem

3.2. List Of Key Raw Materials, Resources & Suppliers

3.3. List Of Major Distributors and Channel Partners

3.4. List Of Major End Users

4. Global Armored Vehicle Upgrade And Retrofit Market Trends And Strategies

4.1. Key Technologies & Future Trends

4.1.1 Artificial Intelligence & Autonomous Intelligence

4.1.2 Autonomous Systems, Robotics & Smart Mobility

4.1.3 Industry 4.0 & Intelligent Manufacturing

4.1.4 Internet Of Things (Iot), Smart Infrastructure & Connected Ecosystems

4.1.5 Digitalization, Cloud, Big Data & Cybersecurity

4.2. Major Trends

4.2.1 Increasing Integration Of Modular Protection Systems

4.2.2 Rising Adoption Of Hybrid Armor Materials

4.2.3 Growth In Retrofit Demand For Legacy Armored Fleets

4.2.4 Enhanced Survivability Solutions Through Lightweight Composites

4.2.5 Upgrades Focused On Extended Vehicle Lifecycle Optimization

5. Armored Vehicle Upgrade And Retrofit Market Analysis Of End Use Industries

5.1 Military Forces

5.2 Homeland Security Agencies

5.3 Border Protection Forces

5.4 Special Operations Units

5.5 Defense Modernization Programs

6. Armored Vehicle Upgrade And Retrofit Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, Supply Chain Impact from Tariff War & Trade Protectionism, And Covid And Recovery On The Market

7. Global Armored Vehicle Upgrade And Retrofit Strategic Analysis Framework, Current Market Size, Market Comparisons And Growth Rate Analysis

7.1. Global Armored Vehicle Upgrade And Retrofit PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

7.2. Global Armored Vehicle Upgrade And Retrofit Market Size, Comparisons And Growth Rate Analysis

7.3. Global Armored Vehicle Upgrade And Retrofit Historic Market Size and Growth, 2020 - 2025, Value ($ Billion)

7.4. Global Armored Vehicle Upgrade And Retrofit Forecast Market Size and Growth, 2025 - 2030, 2035F, Value ($ Billion)

8. Global Armored Vehicle Upgrade And Retrofit Total Addressable Market (TAM) Analysis for the Market

8.1. Definition and Scope of Total Addressable Market (TAM)

8.2. Methodology and Assumptions

8.3. Global Total Addressable Market (TAM) Estimation

8.4. TAM vs. Current Market Size Analysis

8.5. Strategic Insights and Growth Opportunities from TAM Analysis

9. Armored Vehicle Upgrade And Retrofit Market Segmentation

9.1. Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Wheeled Armored Vehicles, Tracked Armored Vehicles

9.2. Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

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

9.3. Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Rifle, Mine Resistant

9.4. Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point Of Sale, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Original Equipment Manufacturer (OEM), Retrofit

9.5. Global Armored Vehicle Upgrade And Retrofit Market, Sub-Segmentation Of Wheeled Armored Vehicles, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Light Tactical Vehicles, Medium Tactical Vehicles, Heavy Tactical Vehicles, Mine-Resistant Ambush Protected (MRAP) Vehicles

9.6. Global Armored Vehicle Upgrade And Retrofit Market, Sub-Segmentation Of Tracked Armored Vehicles, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Main Battle Tanks (MBTs), Armored Personnel Carriers (APCs), Infantry Fighting Vehicles (IFVs), Self-Propelled Artillery

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

10.1. Global Armored Vehicle Upgrade And Retrofit Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

10.2. Global Armored Vehicle Upgrade And Retrofit Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

11. Asia-Pacific Armored Vehicle Upgrade And Retrofit Market

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

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

11.2. Asia-Pacific Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

12. China Armored Vehicle Upgrade And Retrofit Market

12.1. China Armored Vehicle Upgrade And Retrofit Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

12.2. China Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

13. India Armored Vehicle Upgrade And Retrofit Market

13.1. India Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

14. Japan Armored Vehicle Upgrade And Retrofit Market

14.1. Japan Armored Vehicle Upgrade And Retrofit Market Overview

14.2. Japan Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

15. Australia Armored Vehicle Upgrade And Retrofit Market

15.1. Australia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

16. Indonesia Armored Vehicle Upgrade And Retrofit Market

16.1. Indonesia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

17. South Korea Armored Vehicle Upgrade And Retrofit Market

17.1. South Korea Armored Vehicle Upgrade And Retrofit Market Overview

17.2. South Korea Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

18. Taiwan Armored Vehicle Upgrade And Retrofit Market

18.1. Taiwan Armored Vehicle Upgrade And Retrofit Market Overview

18.2. Taiwan Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

19. South East Asia Armored Vehicle Upgrade And Retrofit Market

19.1. South East Asia Armored Vehicle Upgrade And Retrofit Market Overview

19.2. South East Asia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

20. Western Europe Armored Vehicle Upgrade And Retrofit Market

20.1. Western Europe Armored Vehicle Upgrade And Retrofit Market Overview

20.2. Western Europe Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

21. UK Armored Vehicle Upgrade And Retrofit Market

21.1. UK Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

22. Germany Armored Vehicle Upgrade And Retrofit Market

22.1. Germany Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

23. France Armored Vehicle Upgrade And Retrofit Market

23.1. France Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

24. Italy Armored Vehicle Upgrade And Retrofit Market

24.1. Italy Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

25. Spain Armored Vehicle Upgrade And Retrofit Market

25.1. Spain Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

26. Eastern Europe Armored Vehicle Upgrade And Retrofit Market

26.1. Eastern Europe Armored Vehicle Upgrade And Retrofit Market Overview

26.2. Eastern Europe Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

27. Russia Armored Vehicle Upgrade And Retrofit Market

27.1. Russia Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

28. North America Armored Vehicle Upgrade And Retrofit Market

28.1. North America Armored Vehicle Upgrade And Retrofit Market Overview

28.2. North America Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

29. USA Armored Vehicle Upgrade And Retrofit Market

29.1. USA Armored Vehicle Upgrade And Retrofit Market Overview

29.2. USA Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

30. Canada Armored Vehicle Upgrade And Retrofit Market

30.1. Canada Armored Vehicle Upgrade And Retrofit Market Overview

30.2. Canada Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

31. South America Armored Vehicle Upgrade And Retrofit Market

31.1. South America Armored Vehicle Upgrade And Retrofit Market Overview

31.2. South America Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

32. Brazil Armored Vehicle Upgrade And Retrofit Market

32.1. Brazil Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

33. Middle East Armored Vehicle Upgrade And Retrofit Market

33.1. Middle East Armored Vehicle Upgrade And Retrofit Market Overview

33.2. Middle East Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

34. Africa Armored Vehicle Upgrade And Retrofit Market

34.1. Africa Armored Vehicle Upgrade And Retrofit Market Overview

34.2. Africa Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Segmentation By Vehicle Type, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

35. Armored Vehicle Upgrade And Retrofit Market Regulatory and Investment Landscape

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

36.1. Armored Vehicle Upgrade And Retrofit Market Competitive Landscape And Market Share 2024

36.1.1. Top 10 Companies (Ranked by revenue/share)

36.2. Armored Vehicle Upgrade And Retrofit Market - Company Scoring Matrix

36.2.1. Market Revenues

36.2.2. Product Innovation Score

36.2.3. Brand Recognition

36.3. Armored Vehicle Upgrade And Retrofit Market Company Profiles

36.3.1. Hyundai Motor Group Overview, Products and Services, Strategy and Financial Analysis

36.3.2. SAIC Motor Corporation Limited. Overview, Products and Services, Strategy and Financial Analysis

36.3.3. Hanwha Group Overview, Products and Services, Strategy and Financial Analysis

36.3.4. Tata Motors Limited Overview, Products and Services, Strategy and Financial Analysis

36.3.5. General Dynamics Corporation Overview, Products and Services, Strategy and Financial Analysis

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

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.

38. Global Armored Vehicle Upgrade And Retrofit Market Competitive Benchmarking And Dashboard

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

40. Armored Vehicle Upgrade And Retrofit Market High Potential Countries, Segments and Strategies

40.1 Armored Vehicle Upgrade And Retrofit Market In 2030 - Countries Offering Most New Opportunities

40.2 Armored Vehicle Upgrade And Retrofit Market In 2030 - Segments Offering Most New Opportunities

40.3 Armored Vehicle Upgrade And Retrofit Market In 2030 - Growth Strategies

40.3.1 Market Trend Based Strategies

40.3.2 Competitor Strategies

41. Appendix

41.1. Abbreviations

41.2. Currencies

41.3. Historic And Forecast Inflation Rates

41.4. Research Inquiries

41.5. The Business Research Company

41.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Armored Vehicle Upgrade And Retrofit Market, Overview Of Key Products - Product Examples

Table 2: Global Armored Vehicle Upgrade And Retrofit Market Attractiveness, Factor-Wise Evaluation

Table 3: Global Armored Vehicle Upgrade And Retrofit Market, Supply Chain Analysis

Table 4: Global Armored Vehicle Upgrade And Retrofit Market, Major Raw Material Providers

Table 5: Global Armored Vehicle Upgrade And Retrofit Market, Major Resource Providers

Table 6: Global Armored Vehicle Upgrade And Retrofit Market, Major Manufacturers (Suppliers)

Table 7: Global Armored Vehicle Upgrade And Retrofit Market, Major Distributors And Channel Partners

Table 8: Global Armored Vehicle Upgrade And Retrofit Market, Key Technologies & Future Trends

Table 9: Global Armored Vehicle Upgrade And Retrofit Market, Major Trends

Table 10: Global Armored Vehicle Upgrade And Retrofit Market, Major End Users

Table 11: Global Armored Vehicle Upgrade And Retrofit Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis

Table 12: Global Armored Vehicle Upgrade And Retrofit Historic Market Growth, 2020-2025, $ Billion

Table 13: Global Armored Vehicle Upgrade And Retrofit Forecast Market Growth, 2025-2030F, 2035F, $ Billion

Table 14: Global Armored Vehicle Upgrade And Retrofit Market - TAM, US$ Billion, 2025

Table 15: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 16: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 17: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 18: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point Of Sale, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 19: Global Armored Vehicle Upgrade And Retrofit Market, Sub-Segmentation Of Wheeled Armored Vehicles, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 20: Global Armored Vehicle Upgrade And Retrofit Market, Sub-Segmentation Of Tracked Armored Vehicles, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 21: Global Armored Vehicle Upgrade And Retrofit Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 22: Global Armored Vehicle Upgrade And Retrofit Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 23: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 24: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 25: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 26: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 27: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 28: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 29: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 30: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 31: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 32: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 33: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 34: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 35: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 36: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 37: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 38: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 39: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 40: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 41: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 42: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 43: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 44: Taiwan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 45: Taiwan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 46: Taiwan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 47: South East Asia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 48: South East Asia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 49: South East Asia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 50: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 51: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 52: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 53: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 54: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 55: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 56: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 57: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 58: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 59: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 60: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 61: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 62: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 63: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 64: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 65: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 66: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 67: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 68: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 69: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 70: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 71: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 72: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 73: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 74: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 75: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 76: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 77: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 78: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 79: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 80: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 81: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 82: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 83: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 84: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 85: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 86: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 87: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 88: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 89: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 90: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 91: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 92: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 93: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 94: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 95: Global Armored Vehicle Upgrade And Retrofit Key Competitor Estimated Market Shares, 2024, Percentage (%)

Table 96: Global Armored Vehicle Upgrade And Retrofit Market - Company Scoring Matrix

Table 97: Hyundai Motor Group Financial Performance

Table 98: SAIC Motor Corporation Limited. Financial Performance

Table 99: Hanwha Group Financial Performance

Table 100: Tata Motors Limited Financial Performance

Table 101: General Dynamics Corporation Financial Performance

Table 102: Global Armored Vehicle Upgrade And Retrofit Market, Competitive Benchmarking (In USD Billions)

Table 103: Global Armored Vehicle Upgrade And Retrofit Market, Competitive Dashboard

Table 104: Global Armored Vehicle Upgrade And Retrofit Market Size Gain ($ Billion), 2025 – 2030 By Country

Table 105: Global, Armored Vehicle Upgrade And Retrofit Market Size Gain ($ Billion), Segmentation By Design, 2025 – 2030

Table 106: Global, Armored Vehicle Upgrade And Retrofit Market Size Gain ($ Billion), Segmentation By Vehicle Type, 2025 – 2030

Table 107: Global, Armored Vehicle Upgrade And Retrofit Market Size Gain ($ Billion), Segmentation By Armor Level Type, 2025 – 2030

List Of Figures

Figure 1: Global Armored Vehicle Upgrade And Retrofit Market, Overview Of Key Products - Product Examples

Figure 2: Global Armored Vehicle Upgrade And Retrofit Market Attractiveness, Factor-Wise Evaluation

Figure 3: Global Armored Vehicle Upgrade And Retrofit Market, Supply Chain Analysis

Figure 4: Global Armored Vehicle Upgrade And Retrofit Market, Major Raw Material Providers

Figure 5: Global Armored Vehicle Upgrade And Retrofit Market, Major Resource Providers

Figure 6: Global Armored Vehicle Upgrade And Retrofit Market, Major Manufacturers (Suppliers)

Figure 7: Global Armored Vehicle Upgrade And Retrofit Market, Major Distributors And Channel Partners

Figure 8: Global Armored Vehicle Upgrade And Retrofit Market, Key Technologies & Future Trends

Figure 9: Global Armored Vehicle Upgrade And Retrofit Market, Major Trends

Figure 10: Global Armored Vehicle Upgrade And Retrofit Market, Major End Users

Figure 11: Global Armored Vehicle Upgrade And Retrofit Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis

Figure 12: Global Armored Vehicle Upgrade And Retrofit Historic Market Growth, 2020-2025, $ Billion

Figure 13: Global Armored Vehicle Upgrade And Retrofit Forecast Market Growth, 2025-2030F, 2035F, $ Billion

Figure 14: Global Armored Vehicle Upgrade And Retrofit Market - TAM, US$ Billion, 2025

Figure 15: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 16: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 17: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 18: Global Armored Vehicle Upgrade And Retrofit Market, Segmentation By Point Of Sale, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 19: Global Armored Vehicle Upgrade And Retrofit Market, Sub-Segmentation Of Wheeled Armored Vehicles, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 20: Global Armored Vehicle Upgrade And Retrofit Market, Sub-Segmentation Of Tracked Armored Vehicles, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 21: Global Armored Vehicle Upgrade And Retrofit Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 22: Global Armored Vehicle Upgrade And Retrofit Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 23: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 24: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 25: Asia-Pacific, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 26: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 27: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 28: China, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 29: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 30: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 31: India, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 32: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 33: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 34: Japan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 35: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 36: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 37: Australia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 38: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 39: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 40: Indonesia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 41: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 42: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 43: South Korea, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 44: Taiwan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 45: Taiwan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 46: Taiwan, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 47: South East Asia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 48: South East Asia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 49: South East Asia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 50: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 51: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 52: Western Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 53: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 54: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 55: UK, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 56: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 57: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 58: Germany, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 59: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 60: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 61: France, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 62: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 63: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 64: Italy, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 65: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 66: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 67: Spain, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 68: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 69: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 70: Eastern Europe, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 71: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 72: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 73: Russia, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 74: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 75: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 76: North America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 77: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 78: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 79: USA, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 80: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 81: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 82: Canada, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 83: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 84: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 85: South America, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 86: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 87: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 88: Brazil, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 89: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 90: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 91: Middle East, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 92: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 93: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Vehicle Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 94: Africa, Armored Vehicle Upgrade And Retrofit Market, Segmentation By Armor Level Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 95: Global Armored Vehicle Upgrade And Retrofit Key Competitor Estimated Market Shares, 2024, Percentage (%)

Figure 96: Global Armored Vehicle Upgrade And Retrofit Market - Company Scoring Matrix

Figure 97: Hyundai Motor Group Financial Performance

Figure 98: SAIC Motor Corporation Limited. Financial Performance

Figure 99: Hanwha Group Financial Performance

Figure 100: Tata Motors Limited Financial Performance

Figure 101: General Dynamics Corporation Financial Performance

Figure 102: Global Armored Vehicle Upgrade And Retrofit Market, Competitive Benchmarking (In USD Billions)

Figure 103: Global Armored Vehicle Upgrade And Retrofit Market, Competitive Dashboard

Figure 104: Global Armored Vehicle Upgrade And Retrofit Market Size Gain ($ Billion), 2025 – 2030 By Country

Figure 105: Global, Armored Vehicle Upgrade And Retrofit Market Size Gain ($ Billion), Segmentation By Design, 2025 – 2030

Figure 106: Global, Armored Vehicle Upgrade And Retrofit Market Size Gain ($ Billion), Segmentation By Vehicle Type, 2025 – 2030

Figure 107: Global, Armored Vehicle Upgrade And Retrofit Market Size Gain ($ Billion), Segmentation By Armor Level Type, 2025 – 2030

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Frequently Asked Questions

What is the projected market size of the Armored Vehicle Upgrade And Retrofit Market Report 2026 market by 2030?

The Armored Vehicle Upgrade And Retrofit Market Report 2026 market was valued at $6.46 billion in 2025, increased to $6.46 billion in 2026, and is projected to reach $7.98 billion by 2030. request a sample here

What is the expected CAGR for the Armored Vehicle Upgrade And Retrofit Market Report 2026 market during the forecast period 2025 - 2030?

The expected CAGR for the Armored Vehicle Upgrade And Retrofit Market Report 2026 market during the forecast period 2025–2030 is 4.3%. request a sample here

What are the key factors driving the Armored Vehicle Upgrade And Retrofit Market Report 2026 market?

Major growth driver of the market includes: Budget Allocation's Pivotal Role In Armored Vehicle Evolution in the Armored Vehicle Upgrade And Retrofit Market Report 2026 market. For further insights on this market, request a sample here

Which end-use segment are covered in the Armored Vehicle Upgrade And Retrofit Market Report 2026 market report?

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 Subsegments:
1) By Wheeled Armored Vehicles: Light Tactical Vehicles, Medium Tactical Vehicles, Heavy Tactical Vehicles, Mine-Resistant Ambush Protected (MRAP) Vehicles
2) By Tracked Armored Vehicles: Main Battle Tanks (MBTs), Armored Personnel Carriers (APCs), Infantry Fighting Vehicles (IFVs), Self-Propelled Artillery request a sample here

What is the anticipated growth trend for the Armored Vehicle Upgrade And Retrofit Market Report 2026 market?

Major trend in this market includes: Next-Generation Solutions For Armored Vehicle Upgrades For further insights on this market, request a sample here.

Who are the key players in the Armored Vehicle Upgrade And Retrofit Market Report 2026 market?

Major companies operating in the Armored Vehicle Upgrade And Retrofit Market Report 2026 market are Major companies operating in the armored vehicle upgrade and retrofit market 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 request a sample here.

Which region has the most growth potential in the Armored Vehicle Upgrade And Retrofit Market Report 2026 market?

North America was the largest region in the armored vehicle upgrade and retrofit market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. request a sample here.