Key Findings The global armored vehicles and related MRO market valued US$22.1 billion in 2015, and will increase at a CAGR of 3.97% during the forecast period, to reach US$32.6 billion by 2025. The market consists of six categories: APCs, LMVs, IFVs, MRAPs, MBTs, Tactical Trucks and related MRO.