The Armored Personnel Carrier (APC) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Armored Personnel Carrier (APC) Market?
The market size of the armored personnel carrier (APC) has seen significant growth in the past years. In 2024, the market was valued at $11.89 billion and it is expected to rise to $12.61 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Armored Personnel Carrier (APC) Industry?
The Armored Personnel Carrier (APC) Global Market Report 2025 projects that by 2029, the market will grow to $15.70 billion with a compound annual growth rate (CAGR) of 5.6%.
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What are the Key Growth Drivers Fueling the Armored Personnel Carrier (APC) Market?
The key drivers in the armored personnel carrier (apc) market are:
• Increasing combats sparking additional demand for armored personnel carriers
• Growing need for advanced driving systems in APCs
• Heightened safety and security concerns worldwide
• Surge in demand for robust and efficient diesel engines in APCs
• Expansion in global defense budget allocations
Global Market Segmentation: Identifying Major Armored Personnel Carrier (APC) Industry Segments
The armored personnel carrier (APC) market covered in this report is segmented –
1) By Type: Infantry Fighting Vehicle, Infantry Mobility Vehicle
2) By System: Drive Systems, Structures And Mechanisms, Weapons And Ammunition Control Systems, Countermeasure Systems, Command And Control Systems, Navigation Systems, Observation And Display Systems, Other Systems
3) By Platform: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles
4) By Application: Military Operations, Civilian Protection, Peacekeeping Missions, Counter-Terrorism Operations
5) By End-Use: Defense Forces, Law Enforcement Agencies, Private Security
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What are the Emerging Trends Shaping the Future of the Armored Personnel Carrier (APC) Market?
The key trends in the armored personnel carrier (apc) market are:
• Advancements in modular armor design are seen as a significant emerging trend in the APC market.
• The integration of artificial intelligence-based navigation systems is increasingly influencing the market.
• The development of remote weapon stations backed by technology is a key trend shaping the future of this market.
• The market is strongly guided by developments in hybrid-electric propulsion and technology upgrades for situational awareness.
Who Are the Top Competitors & Leading Players in the Armored Personnel Carrier (APC) Market?
Major players in the armored personnel carrier (apc) market are:
• Lockheed Martin Corporation
• Rostec
• BAE Systems plc
• Thales Group
• Iveco Group N.V.
• Textron Systems
• ST Engineering Ltd.
• Rheinmetall AG
• Elbit Systems Ltd.
• Ashok Leyland Ltd.
• Hyundai Rotem Company
• Oshkosh Defense LLC
• General Dynamics Land Systems
• Krauss-Maffei Wegmann GmbH & Co. KG
• AM General LLC
• Tata Advanced Systems Limited
• Roshel Inc.
• Hanwha Defense
• Streit Group
• Navistar International.
Regional Dominance: Which Area Leads the Global Armored Personnel Carrier (APC) Market?
North America was the largest region in the armored personnel carrier (APC) market in 2024
