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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 InterviewedDescription
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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Competition
Key players, new entrants,acquisitions, mergers and expansions,development trends and challenges.
Industry Analysis
Rawmaterial, application, product type, demand,supply,downstream, supply chain etc.
Market Size
Capacity, production, sales, revenue, price, cost etc.
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