North America Armoured Personnel Carrier Market Range

Growth Outlook

• The North America Armoured Personnel Carrier Market Range market is on a steady long-term growth path. Segment value stands at roughly USD 1225 Mn in 2026 and is projected to reach USD 1287 Mn by 2027 — a gain of about 5% over the forecast period, translating to a CAGR in the mid-single digits.
• What the regional split looks like (2026): More than 500 km leads, holding roughly 66% of segment value — the single largest regional share. Less than 500 km is the second-largest contributor.
• By 2027, More than 500 km alone is expected to reach USD 855 Mn, with Less than 500 km at USD 432 Mn.

Market Dynamics

The North America Armoured Personnel Carrier (APC) Market is projected to grow tremendously in the forecast period of 2021-2027. The increasing demand for modern military equipment and strong defense systems is the main driving force behind this growth. The advancements in technology, rise in military conflicts, and the need for better protection of personnel on the battlefield are also contributing factors to the rise in demand for APCs in North America.

APCs are designed to provide protection to military personnel during transportation in high-risk environments. They have the capability to withstand bullets, mines, and explosive devices, making them imperative for modern warfare. These vehicles are multi-purpose and can be used for various missions, such as troop transport, logistics, command and control, and medical evacuation. Additionally, they are equipped with advanced communication systems, weapons, and surveillance systems, making them effective in combat situations.

The market forecast for the North America APC market is expected to range in millions of USD during the forecast period. This growth is attributed to the increasing number of military conflicts and the rising demand for more advanced and efficient security solutions. The United States is the leading country in terms of spending on defense and is expected to continue its dominance in the market during the forecast period. The country is constantly renewing its military equipment to stay ahead of potential threats, which is a major driving force behind the growth of the APC market in North America.

Apart from the United States, Canada is also a significant contributor to the APC market in North America. The country has a highly trained military force and is also investing in modernizing its military equipment. The increasing number of terrorist attacks and border security threats have also led to an increase in demand for APCs in Canada.

Some of the key players in the North America APC market include General Dynamics Corporation, BAE Systems, Textron Inc., and Oshkosh Corporation. These companies are constantly engaged in research and development to introduce more advanced and efficient APCs in the market. The market is highly competitive, and companies are focused on innovation and product development to gain a competitive edge.

In conclusion, the North America Armoured Personnel Carrier market is expected to see significant growth in the forecast period. The increasing security concerns and the need for modernization of military equipment are the primary factors driving this growth. The market is highly competitive, and companies are focused on innovation to cater to the changing needs of the defense sector.