Market Overview and Growth Outlook Annual armored personnel carrier demand reached USD 5.72 billion in 2024 after standing at USD 5.33 billion in 2023. The market is expected to advance to USD 6.11 billion in 2025 and USD 9.43 billion by 2032. The armored personnel carrier market is expected to grow at a CAGR of 3.4% during 2025–2032. The growth trajectory is supported by defense...