Global Military Armored Vehicles and Counter-IED Vehicles Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

The global military armored vehicles and counter-IED vehicles market is segmented by product into infantry fighting vehicles (IFVs), armored personnel carriers (APCs), main battle tanks (MBTs), self-propelled howitzers (SPHs), and others. Among these, IFVs and APCs hold a significant share due to their versatile capabilities in troop transportation and combat operations. MBTs and SPHs are witnessing steady demand, primarily driven by modernization programs and the need for advanced artillery systems. The "others" category, which includes mine-resistant ambush-protected vehicles and light armored vehicles, is also gaining traction, especially in asymmetric warfare scenarios where counter-IED capabilities are crucial.

Based on mobility type, the market is divided into wheeled and tracked vehicles. Wheeled vehicles are preferred for their speed, flexibility, and ability to operate effectively in urban environments, making them ideal for peacekeeping and reconnaissance missions. Tracked vehicles, on the other hand, offer superior maneuverability in rough terrain, which is essential for conventional combat and high-intensity military operations. The demand for these mobility types varies by region, with tracked vehicles dominating in regions with challenging terrains and wheeled vehicles gaining prominence in urban and semi-urban settings.

Geographically, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America and Europe remain key markets due to ongoing investments in military modernization and the presence of leading manufacturers. The Asia Pacific region is experiencing robust growth driven by rising defense budgets, geopolitical tensions, and the adoption of advanced military technologies by countries like China and India. The Middle East and Africa focus on enhancing their counter-IED capabilities, while Latin America is gradually increasing its investments in armored vehicles to address regional security challenges.

Global Military Armored Vehicles and Counter-IED Vehicles segment Analysis

In this report, the Global Military Armored Vehicles and Counter-IED Vehicles Market has been segmented by Product, Mobility Type and Geography.

Global Military Armored Vehicles and Counter-IED Vehicles Market, Segmentation by Product

The Global Military Armored Vehicles and Counter-IED Vehicles Market has been segmented by Product into Infantry fighting vehicle (IFV), Armored personnel carrier (APC), Main battle tank (MBT), Self-propelled howitzer (SPH) and Others

This includes Infantry Fighting Vehicles (IFVs), which are versatile armored vehicles designed to transport infantry troops while providing fire support on the battlefield. Armored Personnel Carriers (APCs) are specialized vehicles used primarily for troop transport in combat zones, offering protection against small arms fire and explosive threats. Main Battle Tanks (MBTs) serve as the backbone of armored forces, equipped with heavy armor and powerful weaponry to engage enemy tanks and fortified positions with precision.

Additionally, the market includes Self-Propelled Howitzers (SPHs), which are artillery vehicles capable of delivering indirect fire support to ground forces. These vehicles play a crucial role in providing long-range firepower and suppressing enemy positions during military operations. The segmentation also covers other specialized vehicles tailored to specific military requirements. By delineating the market based on these product categories, this report offers valuable insights into the diverse range of armored vehicles and counter-IED solutions available in the global market.

Global Military Armored Vehicles and Counter-IED Vehicles Market, Segmentation by Mobility Type

The Global Military Armored Vehicles and Counter-IED Vehicles Market has been segmented by Mobility Type into Wheeled, and Tracked.

The global military armored vehicles and counter-IED vehicles market is segmented based on mobility type, offering two primary categories: wheeled and tracked vehicles. Each category has distinct advantages and is chosen based on specific operational requirements and terrain adaptability. This segmentation highlights the diverse capabilities needed for modern military operations and counter-IED missions, ensuring effective performance in various combat scenarios.

Wheeled vehicles are preferred for their speed, versatility, and operational flexibility. These vehicles are particularly suitable for urban warfare and missions requiring rapid deployment. Their lower operational costs and ease of maintenance make them an attractive choice for military forces operating in diverse environments. Moreover, advancements in technology have improved the durability and protective capabilities of wheeled armored vehicles, enhancing their role in modern military strategies.

Tracked vehicles, on the other hand, are renowned for their superior mobility in challenging terrains, such as off-road, muddy, or rocky landscapes. They offer enhanced stability and are better equipped to handle heavy armor and advanced weaponry. These vehicles are often deployed in high-intensity conflict zones where rugged performance and robust defense mechanisms are critical. The tracked segment continues to grow as military forces prioritize durable solutions for extreme combat situations.

Global Military Armored Vehicles and Counter-IED Vehicles Market, Segmentation by Geography

In this report, the Global Military Armored Vehicles and Counter-IED Vehicles Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Military Armored Vehicles and Counter-IED Vehicles Market Share (%), by Geographical Region, 2024

North America, being a major hub for defense spending and technological innovation, is expected to witness significant demand for armored vehicles and counter-IED solutions. The region boasts a robust defense industry and is home to several prominent manufacturers and suppliers of military equipment. Moreover, ongoing military modernization initiatives and the need to address evolving security threats are driving the demand for advanced armored vehicles in this region.

In Europe, a similar trend is observed, with countries investing in upgrading their military capabilities to enhance their defense posture. The presence of longstanding geopolitical tensions and the resurgence of conventional warfare threats have spurred investments in armored vehicles and counter-IED technologies. Additionally, collaborative defense projects among European Union member states further contribute to the growth of the market in this region. Overall, the segmentation by Geography offers valuable insights into the regional dynamics shaping the Global Military Armored Vehicles and Counter-IED Vehicles Market.

This report provides an in depth analysis of various factors that impact the dynamics of Global Military Armored Vehicles and Counter-IED Vehicles Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers:

• Evolving Threats and Asymmetric Warfare
• Technological Advancements
• Geopolitical Tensions and Increased Military Spending
• Focus on Crew Safety and Survivability

• Counter-IED Strategies and Evolving Threats - The Global Military Armored Vehicles and Counter-IED Vehicles Market is increasingly influenced by the evolving landscape of counter-IED strategies and the persistent threat posed by improvised explosive devices (IEDs). As insurgents and terrorist organizations continue to adapt their tactics and employ sophisticated IEDs, military forces are compelled to develop innovative countermeasures and invest in specialized vehicles capable of mitigating these threats. Counter-IED strategies encompass a range of technological solutions, including advanced detection systems, electronic countermeasures, and blast-resistant vehicles designed to withstand explosive impacts.

  Evolving threats such as roadside bombs and vehicle-borne IEDs necessitate continuous innovation and adaptation in counter-IED capabilities. Military forces worldwide are prioritizing the development of armored vehicles equipped with advanced detection and neutralization systems to enhance their survivability in hostile environments. Moreover, collaboration between defense agencies, industry partners, and research institutions is vital for staying ahead of emerging threats and ensuring the effectiveness of counter-IED measures. By addressing the evolving nature of IED threats and implementing comprehensive countermeasures, the Global Military Armored Vehicles and Counter-IED Vehicles Market strives to enhance the protection and operational capabilities of armed forces in modern conflict scenarios.

Restraints:

• Weight and Maneuverability
• Rapid Evolution of Threats
• Environmental Limitations

• Public Perception and Evolving Warfare - Public perception plays a crucial role in shaping the Global Military Armored Vehicles and Counter-IED Vehicles Market, as it influences government policies, defense spending, and public opinion on defense-related matters. In recent years, there has been a growing awareness among the public regarding the importance of military modernization and the need for advanced armored vehicles to address evolving security threats. As conflicts around the world become increasingly complex and asymmetric, there is a recognition of the role played by armored vehicles in ensuring the safety and security of military personnel and civilians alike.

  Evolving warfare tactics, including the use of improvised explosive devices (IEDs) by non-state actors, have underscored the importance of counter-IED vehicles in modern military operations. The threat posed by IEDs has led to significant investments in technologies aimed at detecting, neutralizing, and mitigating the impact of these explosive devices. Public perception of the effectiveness of counter-IED vehicles in protecting troops and preventing casualties has contributed to their growing demand in defense budgets worldwide. As military forces adapt to the changing nature of warfare, public perception continues to influence the development and procurement of armored vehicles and counter-IED solutions to address emerging security challenges.

Opportunities:

• Technological Advancements for Enhanced Protection
• Countering Evolving Threats
• Focus on Crew Safety and Survivability

• Diversification of Armored Vehicle Platforms - The Global Military Armored Vehicles and Counter-IED Vehicles Market is experiencing a notable trend towards the diversification of armored vehicle platforms. This trend is driven by the evolving nature of modern warfare scenarios and the need for adaptable and versatile armored vehicles to address a wide range of operational requirements. As military forces face increasingly complex and diverse threats, there is a growing emphasis on developing armored vehicle platforms that can perform multiple roles effectively.

  One key aspect of this diversification is the integration of advanced technologies and modular design concepts into armored vehicle platforms. Manufacturers are incorporating state-of-the-art systems for enhanced situational awareness, survivability, and mission flexibility. Additionally, the modular design allows for easier integration of mission-specific equipment and upgrades, ensuring that armored vehicles can be quickly configured to meet changing operational needs. This trend towards platform diversification reflects the ongoing efforts of military organizations to maintain a competitive edge in an ever-evolving security landscape.

Key players in Global Military Armored Vehicles and Counter-IED Vehicles Market include:

• BAE Systems Plc
• Denel Dynamics
• General Dynamics Corp
• Hyundai Motor Co
• Lockheed Martin Corp

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis