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Global Armored Vehicle Upgrade and Retrofit Market Research Report 2026

Global Armored Vehicle Upgrade and Retrofit Market Research Report 2026

Industry: Machinery & Equipment

Published: 2026-01-30

Pages: 101 Pages

Report ld: 5799159

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Description

The global Armored Vehicle Upgrade and Retrofit market was valued at US$ million in 2025 and is anticipated to reach US$ million by 2032, at a CAGR of %from 2026 to 2032.

The North American market for Armored Vehicle Upgrade and Retrofit is projected to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % over 2026–2032.
The Asia-Pacific market for Armored Vehicle Upgrade and Retrofit is projected to rise from US$ million in 2025 to US$ million by 2032, at a CAGR of % over 2026–2032.

The global market for Armored Vehicle Upgrade and Retrofit in Military is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 to 2032.

Major global companies of Armored Vehicle Upgrade and Retrofit include General Dynamics Corporation, Rheinmetall AG, BAE Systems plc, AM General, CMI Group, Elbit Systems, Krauss-Maffei Wegmann, Thales Group, Textron, RUAG Group, etc. In 2025, the world's top three vendors accounted for approximately % of revenue.

This report delivers a comprehensive overview of the global Armored Vehicle Upgrade and Retrofit market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Armored Vehicle Upgrade and Retrofit. The Armored Vehicle Upgrade and Retrofit market size, estimates, and forecasts are provided in terms of revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.

The report segments the global Armored Vehicle Upgrade and Retrofit market comprehensively. Regional market sizes by Type, by Application, , and by player are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.

This report will assist Armored Vehicle Upgrade and Retrofit manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.

Market Segmentation
  • Report Metric

  • Details

  • Report Title

  • Global Armored Vehicle Upgrade and Retrofit Market Research Report 2026

  • Market Size Available for Years

  • 2026-2032

  • Global Armored Vehicle Upgrade and Retrofit Companies Covered

  • General Dynamics Corporation

    Rheinmetall AG

    BAE Systems plc

    AM General

    CMI Group

    Elbit Systems

    Krauss-Maffei Wegmann

    Thales Group

    Textron

    RUAG Group

  • Global Armored Vehicle Upgrade and Retrofit Market, by Region

  • North America (U.S., Canada, Mexico)

    Europe (Germany, France, UK, Italy, etc.)

    Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

    South America (Brazil, etc.)

    Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

  • Global Armored Vehicle Upgrade and Retrofit Market, Segment by Type

  • Armored Personnel Carrier (APC)

    Infantry Fighting Vehicle (IFV)

    Mine Ambush Protection (MRAP)

    Main Battle Tank (MBT)

    Others

  • Global Armored Vehicle Upgrade and Retrofit Market, Segment by Application

  • Military

    Civil

  • Forecast Units

  • Million USD

  • Report Coverage

  • Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Summarizes global and regional market size and outlines market dynamics and recent developments, including key drivers, restraints, challenges and risks for industry participants, and relevant policy analysis.
Chapter 3: Provides a detailed view of the competitive landscape for Armored Vehicle Upgrade and Retrofit companies, covering revenue share, development plans, and mergers and acquisitions.
Chapter 4: Analyzes segments by Type, detailing the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 5: Analyzes segments by Application, detailing the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 6–10: Regional deep dives (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) broken down by country. Each chapter quantifies market size and growth potential by region and key countries, and outlines market development, outlook, addressable space, and capacity.
Chapter 11: Profiles key players, presenting essential information on leading companies, including product/ service offerings, revenue, gross margin, product introductions/portfolios, recent developments, etc.
Chapter 12: Key findings and conclusions of the report.

Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Armored Vehicle Upgrade and Retrofit Market Size Growth Rate by Type: 2021 vs 2025 vs 2032
1.2.2 Armored Personnel Carrier (APC)
1.2.3 Infantry Fighting Vehicle (IFV)
1.2.4 Mine Ambush Protection (MRAP)
1.2.5 Main Battle Tank (MBT)
1.2.6 Others
1.3 Market by Application
1.3.1 Global Armored Vehicle Upgrade and Retrofit Market Growth by Application: 2021 vs 2025 vs 2032
1.3.2 Military
1.3.3 Civil
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Armored Vehicle Upgrade and Retrofit Market Perspective (2021–2032)
2.2 Global Armored Vehicle Upgrade and Retrofit Growth Trends by Region
2.2.1 Global Armored Vehicle Upgrade and Retrofit Market Size by Region: 2021 vs 2025 vs 2032
2.2.2 Armored Vehicle Upgrade and Retrofit Historic Market Size by Region (2021–2026)
2.2.3 Armored Vehicle Upgrade and Retrofit Forecasted Market Size by Region (2027–2032)
2.3 Armored Vehicle Upgrade and Retrofit Market Dynamics
2.3.1 Armored Vehicle Upgrade and Retrofit Industry Trends
2.3.2 Armored Vehicle Upgrade and Retrofit Market Drivers
2.3.3 Armored Vehicle Upgrade and Retrofit Market Challenges
2.3.4 Armored Vehicle Upgrade and Retrofit Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Armored Vehicle Upgrade and Retrofit Players by Revenue
3.1.1 Global Top Armored Vehicle Upgrade and Retrofit Players by Revenue (2021–2026)
3.1.2 Global Armored Vehicle Upgrade and Retrofit Revenue Market Share by Players (2021–2026)
3.2 Global Top Armored Vehicle Upgrade and Retrofit Players Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
3.3 Global Key Players Ranking by Armored Vehicle Upgrade and Retrofit Revenue
3.4 Global Armored Vehicle Upgrade and Retrofit Market Concentration Ratio
3.4.1 Global Armored Vehicle Upgrade and Retrofit Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Armored Vehicle Upgrade and Retrofit Revenue in 2025
3.5 Global Key Players of Armored Vehicle Upgrade and Retrofit Head Offices and Areas Served
3.6 Global Key Players of Armored Vehicle Upgrade and Retrofit, Products and Applications
3.7 Global Key Players of Armored Vehicle Upgrade and Retrofit, Date of General Availability (GA)
3.8 Mergers and Acquisitions, Expansion Plans
4 Armored Vehicle Upgrade and Retrofit Breakdown Data by Type
4.1 Global Armored Vehicle Upgrade and Retrofit Historic Market Size by Type (2021–2026)
4.2 Global Armored Vehicle Upgrade and Retrofit Forecasted Market Size by Type (2027–2032)
5 Armored Vehicle Upgrade and Retrofit Breakdown Data by Application
5.1 Global Armored Vehicle Upgrade and Retrofit Historic Market Size by Application (2021–2026)
5.2 Global Armored Vehicle Upgrade and Retrofit Forecasted Market Size by Application (2027–2032)
6 North America
6.1 North America Armored Vehicle Upgrade and Retrofit Market Size (2021–2032)
6.2 North America Armored Vehicle Upgrade and Retrofit Market Growth Rate by Country: 2021 vs 2025 vs 2032
6.3 North America Armored Vehicle Upgrade and Retrofit Market Size by Country (2021–2026)
6.4 North America Armored Vehicle Upgrade and Retrofit Market Size by Country (2027–2032)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Armored Vehicle Upgrade and Retrofit Market Size (2021–2032)
7.2 Europe Armored Vehicle Upgrade and Retrofit Market Growth Rate by Country: 2021 vs 2025 vs 2032
7.3 Europe Armored Vehicle Upgrade and Retrofit Market Size by Country (2021–2026)
7.4 Europe Armored Vehicle Upgrade and Retrofit Market Size by Country (2027–2032)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Ireland
8 Asia-Pacific
8.1 Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Size (2021–2032)
8.2 Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Growth Rate by Region: 2021 vs 2025 vs 2032
8.3 Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Size by Region (2021–2026)
8.4 Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Size by Region (2027–2032)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia & New Zealand
9 Latin America
9.1 Latin America Armored Vehicle Upgrade and Retrofit Market Size (2021–2032)
9.2 Latin America Armored Vehicle Upgrade and Retrofit Market Growth Rate by Country: 2021 vs 2025 vs 2032
9.3 Latin America Armored Vehicle Upgrade and Retrofit Market Size by Country (2021–2026)
9.4 Latin America Armored Vehicle Upgrade and Retrofit Market Size by Country (2027–2032)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Size (2021–2032)
10.2 Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Growth Rate by Country: 2021 vs 2025 vs 2032
10.3 Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Size by Country (2021–2026)
10.4 Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Size by Country (2027–2032)
10.5 Israel
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 General Dynamics Corporation
11.1.1 General Dynamics Corporation Company Details
11.1.2 General Dynamics Corporation Business Overview
11.1.3 General Dynamics Corporation Armored Vehicle Upgrade and Retrofit Introduction
11.1.4 General Dynamics Corporation Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.1.5 General Dynamics Corporation Recent Development
11.2 Rheinmetall AG
11.2.1 Rheinmetall AG Company Details
11.2.2 Rheinmetall AG Business Overview
11.2.3 Rheinmetall AG Armored Vehicle Upgrade and Retrofit Introduction
11.2.4 Rheinmetall AG Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.2.5 Rheinmetall AG Recent Development
11.3 BAE Systems plc
11.3.1 BAE Systems plc Company Details
11.3.2 BAE Systems plc Business Overview
11.3.3 BAE Systems plc Armored Vehicle Upgrade and Retrofit Introduction
11.3.4 BAE Systems plc Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.3.5 BAE Systems plc Recent Development
11.4 AM General
11.4.1 AM General Company Details
11.4.2 AM General Business Overview
11.4.3 AM General Armored Vehicle Upgrade and Retrofit Introduction
11.4.4 AM General Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.4.5 AM General Recent Development
11.5 CMI Group
11.5.1 CMI Group Company Details
11.5.2 CMI Group Business Overview
11.5.3 CMI Group Armored Vehicle Upgrade and Retrofit Introduction
11.5.4 CMI Group Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.5.5 CMI Group Recent Development
11.6 Elbit Systems
11.6.1 Elbit Systems Company Details
11.6.2 Elbit Systems Business Overview
11.6.3 Elbit Systems Armored Vehicle Upgrade and Retrofit Introduction
11.6.4 Elbit Systems Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.6.5 Elbit Systems Recent Development
11.7 Krauss-Maffei Wegmann
11.7.1 Krauss-Maffei Wegmann Company Details
11.7.2 Krauss-Maffei Wegmann Business Overview
11.7.3 Krauss-Maffei Wegmann Armored Vehicle Upgrade and Retrofit Introduction
11.7.4 Krauss-Maffei Wegmann Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.7.5 Krauss-Maffei Wegmann Recent Development
11.8 Thales Group
11.8.1 Thales Group Company Details
11.8.2 Thales Group Business Overview
11.8.3 Thales Group Armored Vehicle Upgrade and Retrofit Introduction
11.8.4 Thales Group Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.8.5 Thales Group Recent Development
11.9 Textron
11.9.1 Textron Company Details
11.9.2 Textron Business Overview
11.9.3 Textron Armored Vehicle Upgrade and Retrofit Introduction
11.9.4 Textron Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.9.5 Textron Recent Development
11.10 RUAG Group
11.10.1 RUAG Group Company Details
11.10.2 RUAG Group Business Overview
11.10.3 RUAG Group Armored Vehicle Upgrade and Retrofit Introduction
11.10.4 RUAG Group Revenue in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
11.10.5 RUAG Group Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

Table of Figures

List of Tables
 Table 1. Global Armored Vehicle Upgrade and Retrofit Market Size Growth Rate by Type (US$ Million): 2021 vs 2025 vs 2032
 Table 2. Key Players of Armored Personnel Carrier (APC)
 Table 3. Key Players of Infantry Fighting Vehicle (IFV)
 Table 4. Key Players of Mine Ambush Protection (MRAP)
 Table 5. Key Players of Main Battle Tank (MBT)
 Table 6. Key Players of Others
 Table 7. Global Armored Vehicle Upgrade and Retrofit Market Size Growth by Application (US$ Million): 2021 vs 2025 vs 2032
 Table 8. Global Armored Vehicle Upgrade and Retrofit Market Size by Region (US$ Million): 2021 vs 2025 vs 2032
 Table 9. Global Armored Vehicle Upgrade and Retrofit Market Size by Region (US$ Million), 2021–2026
 Table 10. Global Armored Vehicle Upgrade and Retrofit Market Share by Region (2021–2026)
 Table 11. Global Armored Vehicle Upgrade and Retrofit Forecasted Market Size by Region (US$ Million), 2027–2032
 Table 12. Global Armored Vehicle Upgrade and Retrofit Market Share by Region (2027–2032)
 Table 13. Armored Vehicle Upgrade and Retrofit Market Trends
 Table 14. Armored Vehicle Upgrade and Retrofit Market Drivers
 Table 15. Armored Vehicle Upgrade and Retrofit Market Challenges
 Table 16. Armored Vehicle Upgrade and Retrofit Market Restraints
 Table 17. Global Armored Vehicle Upgrade and Retrofit Revenue by Players (US$ Million), 2021–2026
 Table 18. Global Armored Vehicle Upgrade and Retrofit Market Share by Players (2021–2026)
 Table 19. Global Top Armored Vehicle Upgrade and Retrofit Players by Tier (Tier 1, Tier 2, and Tier 3), based on Armored Vehicle Upgrade and Retrofit Revenue, 2025
 Table 20. Ranking of Global Top Armored Vehicle Upgrade and Retrofit Companies by Revenue (US$ Million) in 2025
 Table 21. Global 5 Largest Players Market Share by Armored Vehicle Upgrade and Retrofit Revenue (CR5 and HHI), 2021–2026
 Table 22. Global Key Players of Armored Vehicle Upgrade and Retrofit, Headquarters and Area Served
 Table 23. Global Key Players of Armored Vehicle Upgrade and Retrofit, Products and Applications
 Table 24. Global Key Players of Armored Vehicle Upgrade and Retrofit, Date of General Availability (GA)
 Table 25. Mergers and Acquisitions, Expansion Plans
 Table 26. Global Armored Vehicle Upgrade and Retrofit Market Size by Type (US$ Million), 2021–2026
 Table 27. Global Armored Vehicle Upgrade and Retrofit Revenue Market Share by Type (2021–2026)
 Table 28. Global Armored Vehicle Upgrade and Retrofit Forecasted Market Size by Type (US$ Million), 2027–2032
 Table 29. Global Armored Vehicle Upgrade and Retrofit Revenue Market Share by Type (2027–2032)
 Table 30. Global Armored Vehicle Upgrade and Retrofit Market Size by Application (US$ Million), 2021–2026
 Table 31. Global Armored Vehicle Upgrade and Retrofit Revenue Market Share by Application (2021–2026)
 Table 32. Global Armored Vehicle Upgrade and Retrofit Forecasted Market Size by Application (US$ Million), 2027–2032
 Table 33. Global Armored Vehicle Upgrade and Retrofit Revenue Market Share by Application (2027–2032)
 Table 34. North America Armored Vehicle Upgrade and Retrofit Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
 Table 35. North America Armored Vehicle Upgrade and Retrofit Market Size by Country (US$ Million), 2021–2026
 Table 36. North America Armored Vehicle Upgrade and Retrofit Market Size by Country (US$ Million), 2027–2032
 Table 37. Europe Armored Vehicle Upgrade and Retrofit Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
 Table 38. Europe Armored Vehicle Upgrade and Retrofit Market Size by Country (US$ Million), 2021–2026
 Table 39. Europe Armored Vehicle Upgrade and Retrofit Market Size by Country (US$ Million), 2027–2032
 Table 40. Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Size Growth Rate by Region (US$ Million): 2021 vs 2025 vs 2032
 Table 41. Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Size by Region (US$ Million), 2021–2026
 Table 42. Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Size by Region (US$ Million), 2027–2032
 Table 43. Latin America Armored Vehicle Upgrade and Retrofit Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
 Table 44. Latin America Armored Vehicle Upgrade and Retrofit Market Size by Country (US$ Million), 2021–2026
 Table 45. Latin America Armored Vehicle Upgrade and Retrofit Market Size by Country (US$ Million), 2027–2032
 Table 46. Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
 Table 47. Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Size by Country (US$ Million), 2021–2026
 Table 48. Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Size by Country (US$ Million), 2027–2032
 Table 49. General Dynamics Corporation Company Details
 Table 50. General Dynamics Corporation Business Overview
 Table 51. General Dynamics Corporation Armored Vehicle Upgrade and Retrofit Product
 Table 52. General Dynamics Corporation Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 53. General Dynamics Corporation Recent Development
 Table 54. Rheinmetall AG Company Details
 Table 55. Rheinmetall AG Business Overview
 Table 56. Rheinmetall AG Armored Vehicle Upgrade and Retrofit Product
 Table 57. Rheinmetall AG Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 58. Rheinmetall AG Recent Development
 Table 59. BAE Systems plc Company Details
 Table 60. BAE Systems plc Business Overview
 Table 61. BAE Systems plc Armored Vehicle Upgrade and Retrofit Product
 Table 62. BAE Systems plc Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 63. BAE Systems plc Recent Development
 Table 64. AM General Company Details
 Table 65. AM General Business Overview
 Table 66. AM General Armored Vehicle Upgrade and Retrofit Product
 Table 67. AM General Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 68. AM General Recent Development
 Table 69. CMI Group Company Details
 Table 70. CMI Group Business Overview
 Table 71. CMI Group Armored Vehicle Upgrade and Retrofit Product
 Table 72. CMI Group Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 73. CMI Group Recent Development
 Table 74. Elbit Systems Company Details
 Table 75. Elbit Systems Business Overview
 Table 76. Elbit Systems Armored Vehicle Upgrade and Retrofit Product
 Table 77. Elbit Systems Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 78. Elbit Systems Recent Development
 Table 79. Krauss-Maffei Wegmann Company Details
 Table 80. Krauss-Maffei Wegmann Business Overview
 Table 81. Krauss-Maffei Wegmann Armored Vehicle Upgrade and Retrofit Product
 Table 82. Krauss-Maffei Wegmann Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 83. Krauss-Maffei Wegmann Recent Development
 Table 84. Thales Group Company Details
 Table 85. Thales Group Business Overview
 Table 86. Thales Group Armored Vehicle Upgrade and Retrofit Product
 Table 87. Thales Group Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 88. Thales Group Recent Development
 Table 89. Textron Company Details
 Table 90. Textron Business Overview
 Table 91. Textron Armored Vehicle Upgrade and Retrofit Product
 Table 92. Textron Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 93. Textron Recent Development
 Table 94. RUAG Group Company Details
 Table 95. RUAG Group Business Overview
 Table 96. RUAG Group Armored Vehicle Upgrade and Retrofit Product
 Table 97. RUAG Group Revenue in Armored Vehicle Upgrade and Retrofit Business (US$ Million), 2021–2026
 Table 98. RUAG Group Recent Development
 Table 99. Research Programs/Design for This Report
 Table 100. Key Data Information from Secondary Sources
 Table 101. Key Data Information from Primary Sources
 Table 102. Authors List of This Report


List of Figures
 Figure 1. Armored Vehicle Upgrade and Retrofit Picture
 Figure 2. Global Armored Vehicle Upgrade and Retrofit Market Size Comparison by Type (US$ Million), 2021–2032
 Figure 3. Global Armored Vehicle Upgrade and Retrofit Market Share by Type: 2025 vs 2032
 Figure 4. Armored Personnel Carrier (APC) Features
 Figure 5. Infantry Fighting Vehicle (IFV) Features
 Figure 6. Mine Ambush Protection (MRAP) Features
 Figure 7. Main Battle Tank (MBT) Features
 Figure 8. Others Features
 Figure 9. Global Armored Vehicle Upgrade and Retrofit Market Size by Application (US$ Million), 2021–2032
 Figure 10. Global Armored Vehicle Upgrade and Retrofit Market Share by Application: 2025 vs 2032
 Figure 11. Military Case Studies
 Figure 12. Civil Case Studies
 Figure 13. Armored Vehicle Upgrade and Retrofit Report Years Considered
 Figure 14. Global Armored Vehicle Upgrade and Retrofit Market Size (US$ Million), Year-over-Year: 2021–2032
 Figure 15. Global Armored Vehicle Upgrade and Retrofit Market Size, (US$ Million), 2021 vs 2025 vs 2032
 Figure 16. Global Armored Vehicle Upgrade and Retrofit Market Share by Region: 2025 vs 2032
 Figure 17. Global Armored Vehicle Upgrade and Retrofit Market Share by Players in 2025
 Figure 18. Global Armored Vehicle Upgrade and Retrofit Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
 Figure 19. The Top 10 and 5 Players Market Share by Armored Vehicle Upgrade and Retrofit Revenue in 2025
 Figure 20. North America Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 21. North America Armored Vehicle Upgrade and Retrofit Market Share by Country (2021–2032)
 Figure 22. United States Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 23. Canada Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 24. Europe Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 25. Europe Armored Vehicle Upgrade and Retrofit Market Share by Country (2021–2032)
 Figure 26. Germany Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 27. France Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 28. U.K. Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 29. Italy Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 30. Russia Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 31. Ireland Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 32. Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 33. Asia-Pacific Armored Vehicle Upgrade and Retrofit Market Share by Region (2021–2032)
 Figure 34. China Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 35. Japan Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 36. South Korea Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 37. Southeast Asia Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 38. India Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 39. Australia & New Zealand Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 40. Latin America Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 41. Latin America Armored Vehicle Upgrade and Retrofit Market Share by Country (2021–2032)
 Figure 42. Mexico Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 43. Brazil Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 44. Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 45. Middle East & Africa Armored Vehicle Upgrade and Retrofit Market Share by Country (2021–2032)
 Figure 46. Israel Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 47. Saudi Arabia Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 48. UAE Armored Vehicle Upgrade and Retrofit Market Size YoY Growth (US$ Million), 2021–2032
 Figure 49. General Dynamics Corporation Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 50. Rheinmetall AG Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 51. BAE Systems plc Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 52. AM General Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 53. CMI Group Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 54. Elbit Systems Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 55. Krauss-Maffei Wegmann Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 56. Thales Group Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 57. Textron Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 58. RUAG Group Revenue Growth Rate in Armored Vehicle Upgrade and Retrofit Business (2021–2026)
 Figure 59. Bottom-up and Top-down Approaches for This Report
 Figure 60. Data Triangulation
 Figure 61. Key Executives Interviewed

Description

The global Armored Vehicle Upgrade and Retrofit market was valued at US$ million in 2025 and is anticipated to reach US$ million by 2032, at a CAGR of %from 2026 to 2032.

The North American market for Armored Vehicle Upgrade and Retrofit is projected to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % over 2026–2032.
The Asia-Pacific market for Armored Vehicle Upgrade and Retrofit is projected to rise from US$ million in 2025 to US$ million by 2032, at a CAGR of % over 2026–2032.

The global market for Armored Vehicle Upgrade and Retrofit in Military is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 to 2032.

Major global companies of Armored Vehicle Upgrade and Retrofit include General Dynamics Corporation, Rheinmetall AG, BAE Systems plc, AM General, CMI Group, Elbit Systems, Krauss-Maffei Wegmann, Thales Group, Textron, RUAG Group, etc. In 2025, the world's top three vendors accounted for approximately % of revenue.

This report delivers a comprehensive overview of the global Armored Vehicle Upgrade and Retrofit market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Armored Vehicle Upgrade and Retrofit. The Armored Vehicle Upgrade and Retrofit market size, estimates, and forecasts are provided in terms of revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.

The report segments the global Armored Vehicle Upgrade and Retrofit market comprehensively. Regional market sizes by Type, by Application, , and by player are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.

This report will assist Armored Vehicle Upgrade and Retrofit manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.

Market Segmentation
Chapter Outline
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Summarizes global and regional market size and outlines market dynamics and recent developments, including key drivers, restraints, challenges and risks for industry participants, and relevant policy analysis.
Chapter 3: Provides a detailed view of the competitive landscape for Armored Vehicle Upgrade and Retrofit companies, covering revenue share, development plans, and mergers and acquisitions.
Chapter 4: Analyzes segments by Type, detailing the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 5: Analyzes segments by Application, detailing the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 6–10: Regional deep dives (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) broken down by country. Each chapter quantifies market size and growth potential by region and key countries, and outlines market development, outlook, addressable space, and capacity.
Chapter 11: Profiles key players, presenting essential information on leading companies, including product/ service offerings, revenue, gross margin, product introductions/portfolios, recent developments, etc.
Chapter 12: Key findings and conclusions of the report.

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Global Armored Vehicle Upgrade and Retrofit Market Research Report 2026

Industry: Machinery & Equipment

Published: 2026-01-30

Pages: 101 Pages

Report ld: 5799159

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