According to Cognitive Market Research, the global Armored Vehicle market size is USD 25142.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2023 to 2030.
North America held the major market of more than 40% of the global revenue with a market size of USD 10056.88 million in 2023 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2023 to 2030.
Europe accounted for a share of over 30% of the global market size of USD 7542.66 million
Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 5782.71 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030.
Latin America market of more than 5% of the global revenue with a market size of USD 1257.11 million in 2023 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030.
Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 502.84 million in 2023 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2023 to 2030
