Market Forecast By Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), By Mobility (Wheeled, Tracked), By System (Engine, Drive System, Ballistic Armor, Turret Drives, Ammunition Handling System, Fire Control Systems (FCS), Armaments, Countermeasure System) And Competitive Landscape
Product Code: ETC228712 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Egypt Armored Vehicle Market |
Forecast period | 2025-2031 |
CAGR | 6.8% |
Growing Sector | Automotive |
Egypt Armored Vehicle Market report thoroughly covers the market by platform, by mobility, and by system. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The armored vehicle market in Egypt has witnessed significant growth in recent years due to the rising security concerns and threats from terrorist organizations. The country's unstable political and social environment, coupled with its strategic location in the Middle East region, has led to an increased demand for advanced armored vehicles.
According to 6Wresearch, the Egypt Armored Vehicle Market size is estimated to reach at a CAGR of 6.8% during the forecast period 2025-2031. One of the key drivers of growth in the Egyptian armored vehicle market is the country's ongoing efforts to combat terrorism. The government has been actively investing in upgrading its military equipment, including armored vehicles, to enhance its capabilities for counterinsurgency and counterterrorism operations.
Moreover, with the increase in domestic security concerns, there has been a growing demand for advanced armored vehicles from law enforcement agencies. This demand is expected to further fuel the growth of the Egypt Armored Vehicle industry in the coming years. The government's focus on modernizing its military and law enforcement capabilities, along with increasing security concerns in the region, will drive the demand for advanced armored vehicles. Moreover, initiatives such as offset policies and joint ventures with foreign companies are expected to boost local production capabilities, reducing the country's reliance on imports. This will not only bring down costs but also create job opportunities in the defense industry.
The Egyptian government has introduced several initiatives to bolster its armored vehicle market. These include offset agreements that mandate foreign suppliers to invest in the local economy, often in the form of technology transfers or setting up production facilities in collaboration with Egyptian companies. Such strategies aim to decrease dependence on foreign vendors and stimulate the local defense industry.
The state-owned Arab Organization for Industrialization (AOI), for instance, plays a pivotal role in domestic production, while foreign entities such as Lockheed Martin and General Dynamics continue to maintain a significant presence due to long-term contracts and partnerships with the Egyptian military.
The Egypt armored vehicle market growth is set to witness to boost with the influx of AI technology and increased digitization in defense mechanisms. This could lead to partnerships with tech companies and further diversification of products and services. With geopolitical dynamics continuously shaping security needs, the market is poised to adapt swiftly, potentially leading Egypt towards becoming a regional hub for armored vehicle manufacturing.
According to Dhaval, Research Manager, 6Wresearch, the unmanned armored ground vehicles segment is experiencing a notable surge in growth. As militaries globally emphasize minimizing troop casualties, the development and deployment of unmanned systems have become a strategic priority.
Based on the system, the Fire Control Systems (FCS) is gaining traction in the market as FCS technology not only enhances their defensive capabilities but also represents the convergence of military needs with technological innovation. This focus indicates a strategic shift towards a more technologically reliant form of warfare.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Armored Vehicle Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Armored Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Armored Vehicle Market - Industry Life Cycle |
3.4 Egypt Armored Vehicle Market - Porter's Five Forces |
3.5 Egypt Armored Vehicle Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.6 Egypt Armored Vehicle Market Revenues & Volume Share, By Mobility, 2021 & 2031F |
3.7 Egypt Armored Vehicle Market Revenues & Volume Share, By System, 2021 & 2031F |
4 Egypt Armored Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Armored Vehicle Market Trends |
6 Egypt Armored Vehicle Market, By Types |
6.1 Egypt Armored Vehicle Market, By Platform |
6.1.1 Overview and Analysis |
6.1.2 Egypt Armored Vehicle Market Revenues & Volume, By Platform, 2021 - 2031F |
6.1.3 Egypt Armored Vehicle Market Revenues & Volume, By Combat Vehicles, 2021 - 2031F |
6.1.4 Egypt Armored Vehicle Market Revenues & Volume, By Combat Support Vehicles, 2021 - 2031F |
6.1.5 Egypt Armored Vehicle Market Revenues & Volume, By Unmanned Armored Ground Vehicles, 2021 - 2031F |
6.2 Egypt Armored Vehicle Market, By Mobility |
6.2.1 Overview and Analysis |
6.2.2 Egypt Armored Vehicle Market Revenues & Volume, By Wheeled, 2021 - 2031F |
6.2.3 Egypt Armored Vehicle Market Revenues & Volume, By Tracked, 2021 - 2031F |
6.3 Egypt Armored Vehicle Market, By System |
6.3.1 Overview and Analysis |
6.3.2 Egypt Armored Vehicle Market Revenues & Volume, By Engine, 2021 - 2031F |
6.3.3 Egypt Armored Vehicle Market Revenues & Volume, By Drive System, 2021 - 2031F |
6.3.4 Egypt Armored Vehicle Market Revenues & Volume, By Ballistic Armor, 2021 - 2031F |
6.3.5 Egypt Armored Vehicle Market Revenues & Volume, By Turret Drives, 2021 - 2031F |
6.3.6 Egypt Armored Vehicle Market Revenues & Volume, By Ammunition Handling System, 2021 - 2031F |
6.3.7 Egypt Armored Vehicle Market Revenues & Volume, By Fire Control Systems (FCS), 2021 - 2031F |
6.3.8 Egypt Armored Vehicle Market Revenues & Volume, By Countermeasure System, 2021 - 2031F |
6.3.9 Egypt Armored Vehicle Market Revenues & Volume, By Countermeasure System, 2021 - 2031F |
7 Egypt Armored Vehicle Market Import-Export Trade Statistics |
7.1 Egypt Armored Vehicle Market Export to Major Countries |
7.2 Egypt Armored Vehicle Market Imports from Major Countries |
8 Egypt Armored Vehicle Market Key Performance Indicators |
9 Egypt Armored Vehicle Market - Opportunity Assessment |
9.1 Egypt Armored Vehicle Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.2 Egypt Armored Vehicle Market Opportunity Assessment, By Mobility, 2021 & 2031F |
9.3 Egypt Armored Vehicle Market Opportunity Assessment, By System, 2021 & 2031F |
10 Egypt Armored Vehicle Market - Competitive Landscape |
10.1 Egypt Armored Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Egypt Armored Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |