Military Armored Vehicles and Counter IED Vehicles

Military Armored Vehicles and Counter IED Vehicles Market Outlook

The global Military Armored Vehicles and Counter IED Vehicles market is projected to reach approximately USD 30 billion by 2035, reflecting a compound annual growth rate (CAGR) of 6.5% from 2025 to 2035. The increasing focus on modernizing defense capabilities, coupled with the rising incidence of asymmetric warfare, is propelling the growth of this market. Governments across the globe are prioritizing defense budgets to enhance military capabilities, which is crucial for maintaining national security and ensuring operational readiness. Moreover, the evolving technological landscape within the defense sector, including advancements in armor materials and counter-IED technologies, significantly contributes to market expansion. Additionally, the need for enhanced mobility and protection for armed forces in combat zones further drives demand for sophisticated armored vehicles. This positive trend is expected to continue as geopolitical tensions escalate and defense forces seek to enhance their operational effectiveness.

Growth Factor of the Market

One of the main growth factors for the Military Armored Vehicles and Counter IED Vehicles market is the increasing global defense expenditure, fueled by rising geopolitical tensions and the need for national security. Countries are investing heavily in upgrading their military capabilities, which includes acquiring advanced armored vehicles that offer superior protection and operational efficiency. The growing threat of IEDs in conflict zones has also resulted in substantial investments in counter-IED technologies, further driving the demand for specialized vehicles designed to withstand explosive threats. Additionally, the modernization of existing fleets and the integration of advanced technologies, such as autonomous systems and enhanced communications, are key trends that are shaping the market landscape. The development of light and medium armored vehicles, which provide mobility and protection in urban warfare scenarios, is also becoming increasingly important, as forces engage in diverse operational environments. Lastly, collaborations between defense contractors and governments in the development of state-of-the-art armored vehicles will likely continue to spur market growth.

Key Highlights of the Market

• Projected market growth at a CAGR of 6.5% from 2025 to 2035.
• Increasing defense budgets globally, with a focus on modernization and tech advancements.
• Growing incidences of asymmetric warfare leading to heightened demand for armored vehicles.
• Focus on counter-IED technologies driven by the evolving threat landscape.
• Strategic partnerships and collaborations enhancing product development and innovation.

By Vehicle Type

Main Battle Tanks:

Main Battle Tanks (MBTs) are integral to armored warfare, providing significant firepower, protection, and mobility on the battlefield. These vehicles are heavily armored and equipped with advanced weaponry, enabling them to engage in direct combat with enemy forces. The demand for MBTs is driven by their role in frontline operations and the necessity for ground forces to maintain technological superiority. Countries are increasingly investing in modernizing their MBT fleets, incorporating advanced technologies such as active protection systems, improved targeting systems, and enhanced situational awareness capabilities. This modernization trend is essential for maintaining operational effectiveness in diverse combat environments, especially in light of evolving military doctrines that emphasize combined arms operations.

Infantry Fighting Vehicles:

Infantry Fighting Vehicles (IFVs) serve a crucial role in the transportation and protection of infantry troops while providing direct fire support during operations. These vehicles are designed to carry soldiers into battle while offering a balance of mobility, firepower, and protection. The growing emphasis on mechanized infantry operations and the need for enhanced troop survivability in conflict zones have fueled the demand for modern IFVs. Additionally, advancements in armor technology and weapon systems are enhancing the capabilities of IFVs, allowing them to effectively operate in various terrains and combat scenarios. Modern IFVs are increasingly equipped with features such as remote weapon stations, advanced targeting systems, and situational awareness technologies, ensuring that they remain relevant in contemporary warfare.

Armored Personnel Carriers:

Armored Personnel Carriers (APCs) are designed primarily for transporting troops safely to and from combat zones while providing some level of protection against small arms fire and shrapnel. The demand for APCs is rising due to their versatility in various military applications, including peacekeeping missions, humanitarian assistance, and combat operations. As military operations become increasingly joint and multinational, the need for reliable and effective troop transport solutions has become paramount. APCs are evolving to include advanced armor materials and technologies, such as mine-resistant designs and enhanced communication systems, ensuring that troops can operate effectively in hostile environments. Moreover, the integration of modular designs allows for rapid adaptations based on mission requirements, adding to the overall utility of APCs in diverse operational contexts.

Mine-Resistant Ambush Protected Vehicles:

Mine-Resistant Ambush Protected Vehicles (MRAPs) have gained prominence due to their specialized design aimed at protecting troops from the threats posed by improvised explosive devices (IEDs) and ambush attacks. The increasing frequency and lethality of IEDs in asymmetric warfare have necessitated the development of MRAPs, which feature enhanced blast protection and robust designs. These vehicles provide a critical capability for armed forces engaged in counter-insurgency and stability operations, offering both protection and mobility. The market for MRAPs is expected to grow as armed forces recognize the importance of safeguarding personnel in high-risk environments. Furthermore, ongoing developments in armor technology, such as improved blast-resistant materials and design innovations, continue to enhance the effectiveness and survivability of MRAPs in combat scenarios.

Light Armored Vehicles:

Light Armored Vehicles (LAVs) are increasingly being utilized for various military operations due to their exceptional mobility, speed, and versatility. These vehicles are designed to operate in diverse terrains, making them suitable for reconnaissance, patrol, and support roles. The demand for LAVs is driven by the need for rapid response capabilities and the ability to conduct operations in urban and semi-urban environments. With advancements in technology, modern LAVs are often equipped with advanced sensors, communication equipment, and modular designs that allow for quick adaptation to different mission profiles. This flexibility is particularly valuable in today’s complex operational environments, where forces must be prepared to face a range of challenges and threats.

By Armoring Level

Light Armored Vehicles:

Light Armored Vehicles (LAVs) offer moderate protection while maintaining excellent mobility and speed. These vehicles are designed to withstand small arms fire and shrapnel, making them suitable for various roles, including reconnaissance and troop transport. The demand for LAVs is growing due to their ability to operate in asymmetrical warfare environments, where rapid movement and adaptability are essential. As military forces increasingly engage in counter-insurgency operations, the need for light armored options that balance protection and mobility becomes paramount. The integration of advanced armor materials and technologies into LAV designs ensures that they remain effective against evolving threats while preserving their agility.

Medium Armored Vehicles:

Medium Armored Vehicles (MAVs) are designed to provide enhanced protection compared to light armored options while maintaining a level of mobility suitable for various combat scenarios. These vehicles often feature reinforced armor and advanced threat detection systems, making them capable of operating in high-intensity conflict zones. The increasing frequency of conflicts requiring medium armored capabilities drives the demand for MAVs, as they provide a blend of protection and firepower necessary for modern military operations. Many MAVs are also designed with modular features, allowing them to be equipped with various weapon systems and technologies tailored to mission requirements. This adaptability enhances their effectiveness in diverse operational contexts, ensuring that they remain a vital asset for military forces worldwide.

Heavy Armored Vehicles:

Heavy Armored Vehicles (HAVs) represent the pinnacle of protection in armored vehicle design, offering significant resistance to various threats, including direct fire and explosive blasts. These vehicles are typically used in frontline combat and are crucial for operations requiring maximum survivability. The demand for HAVs is driven by the increasing threats faced by military forces, particularly in traditional warfare and high-intensity conflict scenarios. As military strategies evolve to address sophisticated adversaries, HAVs are being equipped with advanced technologies, including active protection systems, enhanced surveillance capabilities, and superior mobility features. The ongoing development of more advanced materials and engineering techniques is also enhancing the effectiveness and operational capabilities of HAVs, ensuring their continued relevance in future warfare.

By Application

Military:

The military application segment remains the most significant driver of the armored vehicles market, as armed forces globally prioritize the procurement of advanced vehicles for combat operations. Military operations necessitate vehicles that can withstand a variety of threats, including ballistic attacks and blasts from IEDs, making armored vehicles critical assets on the battlefield. Countries are increasingly investing in the modernization of their fleets to ensure they have the latest technology and protection available. Additionally, the focus on mechanized warfare and joint operations has led to an increased demand for armored vehicles capable of operating in various terrains and combat scenarios. The need for enhanced tactical mobility and survivability continues to shape procurement strategies within military organizations worldwide.

Law Enforcement:

The use of armored vehicles within law enforcement agencies is gaining traction as the need for enhanced public safety and counter-terrorism capabilities rises. These vehicles are increasingly utilized for SWAT operations, riot control, and hostage rescue situations, providing officers with the protection necessary to operate in high-risk environments. The demand for law enforcement armored vehicles is driven by rising concerns over violent crime and terrorism, necessitating the development of specialized vehicles designed to withstand attacks. Additionally, advancements in vehicle technologies, such as improved surveillance systems and communication equipment, are further enhancing the effectiveness of these vehicles in urban policing scenarios. As law enforcement agencies recognize the importance of having armored options for critical operations, the market for these vehicles is expected to expand significantly.

Others:

The 'Others' application segment encompasses a variety of use cases for armored vehicles beyond traditional military and law enforcement applications. This includes applications in humanitarian missions, security services, and private sector operations. The versatility of armored vehicles allows them to be utilized in diverse environments, including disaster response scenarios and protecting high-profile individuals or assets. The increasing recognition of the need for protection in unstable regions has led to a growing market for armored vehicles in civilian applications, particularly in areas prone to conflict or instability. Furthermore, the integration of non-lethal options and advanced communication systems into these vehicles enhances their functionality in various operations, broadening their appeal across multiple sectors.

By User

Army:

The army is the primary user of military armored vehicles, with a focus on ensuring operational readiness and combat effectiveness. Modern armies require a comprehensive fleet of armored vehicles to support various mission profiles, ranging from conventional warfare to counter-insurgency operations. The need for protection against modern threats, including IEDs and small arms fire, is driving the demand for advanced armored vehicles within the army sector. Additionally, the integration of cutting-edge technologies, such as advanced targeting and communication systems, is becoming increasingly important for operational success. Armed forces are also exploring collaboration with defense manufacturers to develop customized solutions that meet specific operational needs, ensuring the effectiveness and survivability of their troops in the field.

Homeland Security:

Homeland security agencies play a vital role in the protection of national infrastructure and public safety, necessitating the use of armored vehicles for various applications. These vehicles are employed in counter-terrorism efforts, riot control, and disaster response scenarios, providing the necessary protection for personnel during high-risk operations. The growing threat of domestic terrorism and violent crime has prompted homeland security agencies to invest in armored vehicles that can effectively respond to potential threats. The focus on enhancing situational awareness and rapid response capabilities is driving the development of armored vehicles tailored for this sector, ensuring that agencies are equipped to deal with emergencies effectively. The ongoing evolution of threats necessitates continuous advancements in vehicle technologies, which will further drive the demand for armored solutions in homeland security.

Defense Services:

Defense services encompass a wide range of operations, including military support, logistics, and engineering, all of which require specialized armored vehicles to ensure mission success. The need for protection while conducting various operations, including transportation of personnel and equipment in conflict zones, drives the demand for armored vehicles in this segment. Furthermore, defense contractors and industry partners are increasingly collaborating to develop armored vehicles that meet specific operational requirements, enhancing the overall effectiveness of defense services. The emphasis on modernization and the integration of advanced technologies into these vehicles will continue to fuel growth in this area, as defense services seek to maintain their operational capabilities in a rapidly changing threat landscape.

By Region

North America is anticipated to dominate the global Military Armored Vehicles and Counter IED Vehicles market, accounting for approximately 35% of the market share by 2035. This growth is primarily driven by robust defense budgets and ongoing modernization programs across U.S. military branches. The region is also witnessing significant investments in research and development, with a focus on developing advanced technologies, such as active protection systems and improved vehicle survivability. The need for upgraded armored capabilities in the face of emerging threats continues to propel demand in North America. Additionally, increasing collaborations between government and private defense contractors contribute to a dynamic market environment, fostering innovation and technological advancements.

Europe is expected to follow closely, accounting for around 30% of the market share, driven by ongoing regional security concerns and the need for enhanced defense capabilities. European countries are investing in armored vehicle modernization and procurement programs to address threats from external forces and enhance their military readiness. The emphasis on collaborative defense initiatives, such as the European Defence Fund, is further boosting the development and production of advanced armored vehicles across the continent. The growing importance of multinational defense cooperation and shared resources among NATO allies also plays a crucial role in shaping the market dynamics in Europe. Moreover, the region is projected to experience a CAGR of 5.8% from 2025 to 2035, reflecting the increasing focus on defense expenditure and technological advancements in armored vehicles.

Opportunities

The Military Armored Vehicles and Counter IED Vehicles market presents numerous opportunities, particularly as military forces worldwide invest in modernization efforts. The ongoing emphasis on enhancing operational capabilities and troop safety drives demand for advanced armored vehicles, creating a favorable environment for manufacturers and defense contractors. As geopolitical tensions escalate and the nature of warfare evolves, the need for specialized vehicles that can adapt to diverse operational scenarios is becoming increasingly critical. Furthermore, technological innovations, such as the integration of artificial intelligence, autonomous systems, and advanced materials into armored vehicle design, provide significant growth potential for industry players. Companies that can stay ahead of technological trends and develop solutions that meet the unique needs of military and law enforcement agencies are well-positioned to capitalize on market opportunities.

Another significant opportunity lies in the development of dual-use armored vehicles suitable for both military and civilian applications. As security concerns grow in urban areas and the threat of terrorism increases, law enforcement agencies and private security firms are increasingly seeking armored solutions to protect personnel and assets. The ability to design vehicles that meet the needs of both military operations and civil security enhances market appeal and can drive sales in various sectors. Additionally, collaborations between government entities and private manufacturers for research and development initiatives are anticipated to foster innovation and accelerate the introduction of advanced armored vehicles into the market. This trend will likely lead to the emergence of new products and technologies, further expanding the market landscape.

Threats

Despite the positive growth outlook, the Military Armored Vehicles and Counter IED Vehicles market faces several threats that could impact its expansion. One significant threat is the budget constraints faced by many governments, which could lead to reduced defense spending and hinder procurement plans for armored vehicles. Economic downturns or shifts in political priorities may also affect defense budgets, forcing military organizations to reevaluate their modernization strategies and potentially delay or scale back investments in new vehicles. Additionally, the increasing frequency of cyber threats within the military sector raises concerns about the security of advanced technologies integrated into armored vehicles, potentially exposing them to vulnerabilities and hindering operational effectiveness. Manufacturers must remain vigilant in addressing these cyber threats to maintain the integrity and reliability of their products.

Another potential threat is the emergence of alternative technologies that could alter the landscape of armored vehicle operations. Advances in unmanned aerial vehicles (UAVs), drones, and other forms of advanced warfare technology may change the dynamics of traditional military engagements, prompting a reevaluation of the role of armored vehicles in modern warfare. As military strategies evolve to incorporate these technologies, demand for conventional armored vehicles may be affected. Furthermore, increased competition from emerging defense manufacturers, particularly from regions with growing military capabilities, could intensify market competition and pressure established companies to innovate continuously. To remain competitive, industry stakeholders must adapt to the changing landscape and invest in research and development initiatives to ensure their products align with future military requirements.

Competitor Outlook

• General Dynamics Corporation
• BAE Systems
• Lockheed Martin Corporation
• Rheinmetall AG
• Thales Group
• Oshkosh Corporation
• Navistar International Corporation
• Northrop Grumman Corporation
• Leonardo S.p.A.
• KMW+Nexter Defense Systems
• Textron Inc.
• Elbit Systems Ltd.
• SAIC
• FMV (Försvarets materielverk)
• Patria Oyj

The competitive landscape of the Military Armored Vehicles and Counter IED Vehicles market is characterized by the presence of several key players, each vying for market share through innovation, strategic partnerships, and comprehensive product offerings. Major defense contractors, such as General Dynamics Corporation and BAE Systems, dominate the market, leveraging their extensive experience and technological expertise to develop state-of-the-art armored vehicles. These companies are continually investing in research and development initiatives to enhance the performance and survivability of their vehicles, ensuring they meet the evolving demands of modern warfare. The trend toward modernization and the integration of advanced technologies is driving competition among established manufacturers, who strive to maintain their competitive edge in a rapidly changing market environment.

In addition to established players, emerging manufacturers from regions such as Asia Pacific and the Middle East are becoming increasingly prominent in the market. Companies like Patria Oyj and KMW+Nexter Defense Systems are gaining recognition for their innovative approaches and ability to deliver tailored solutions that meet specific operational needs. The growing emphasis on collaborations and partnerships among defense contractors and governments is further shaping the competitive landscape. Strategic alliances can facilitate knowledge sharing and enhance product development, ultimately benefiting the armored vehicles market. As competition intensifies, companies must remain proactive in identifying market trends and consumer needs to position themselves effectively for future success.

Notable companies such as Lockheed Martin Corporation and Rheinmetall AG are also making significant contributions to the market through their advanced product offerings, including modern armored personnel carriers and mine-resistant vehicles. Lockheed Martin, for instance, has developed armored solutions that incorporate cutting-edge technologies, such as advanced armor materials and integrated systems for enhanced situational awareness. Similarly, Rheinmetall AG is known for its state-of-the-art armored vehicles designed for both military and civilian applications, addressing a wide range of customer needs. These companies are continuously exploring new opportunities for growth, focusing on emerging markets and expanding their global reach to ensure sustained success in the evolving armored vehicles market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SAIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Patria Oyj
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 BAE Systems
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Textron Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Thales Group
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Rheinmetall AG
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Leonardo S.p.A.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Elbit Systems Ltd.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Oshkosh Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 KMW+Nexter Defense Systems
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Lockheed Martin Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 General Dynamics Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Northrop Grumman Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Navistar International Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 FMV (Försvarets materielverk)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Military Armored Vehicles and Counter IED Vehicles Market, By User
    • 6.1.1 Army
    • 6.1.2 Homeland Security
    • 6.1.3 Defense Services
  • 6.2 Military Armored Vehicles and Counter IED Vehicles Market, By Application
    • 6.2.1 Military
    • 6.2.2 Law Enforcement
    • 6.2.3 Others
  • 6.3 Military Armored Vehicles and Counter IED Vehicles Market, By Vehicle Type
    • 6.3.1 Main Battle Tanks
    • 6.3.2 Infantry Fighting Vehicles
    • 6.3.3 Armored Personnel Carriers
    • 6.3.4 Mine-Resistant Ambush Protected Vehicles
    • 6.3.5 Light Armored Vehicles
  • 6.4 Military Armored Vehicles and Counter IED Vehicles Market, By Armoring Level
    • 6.4.1 Light Armored Vehicles
    • 6.4.2 Medium Armored Vehicles
    • 6.4.3 Heavy Armored Vehicles

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Military Armored Vehicles and Counter IED Vehicles Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Military Armored Vehicles and Counter IED Vehicles market is categorized based on

By Vehicle Type

• Main Battle Tanks
• Infantry Fighting Vehicles
• Armored Personnel Carriers
• Mine-Resistant Ambush Protected Vehicles
• Light Armored Vehicles

By Armoring Level

• Light Armored Vehicles
• Medium Armored Vehicles
• Heavy Armored Vehicles

By Application

• Military
• Law Enforcement
• Others

By User

• Army
• Homeland Security
• Defense Services

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• General Dynamics Corporation
• BAE Systems
• Lockheed Martin Corporation
• Rheinmetall AG
• Thales Group
• Oshkosh Corporation
• Navistar International Corporation
• Northrop Grumman Corporation
• Leonardo S.p.A.
• KMW+Nexter Defense Systems
• Textron Inc.
• Elbit Systems Ltd.
• SAIC
• FMV (Försvarets materielverk)
• Patria Oyj