Well that’s not true in the slightest. First of all armour levels are not a product of gross vehicle weight. They are a product of surface area. The smaller the inside of a tank the smaller the surface area needed armouring the smaller the weight for same level of armour compared to a bigger tank. This is the entire design ethos behind such tanks as the Swedish S-Tank and the Soviet Morozov series (Ts 64 to 90).
This is only partially truth, The weight is indeed not indicator of protection, and the internal volume is indeed important, however important is also thickness or internal volume of armor to provide enough space for armor to work. This because modern armor that are sufficent enough to protect against more capable threats are reactive types. Which means that they are not very space efficent due to their working mechanisms.
Secondly armour technology today is way in advanced as it was 20 years ago. The FCS MGV program was going to deliver a tank with M1A2-HA frontal level armour across 360 degrees at around 30-40 tonnes. Since any Puma, FRES SV or GCV based tank is going to be in the 40-60 tonne weight class, have a range of volume/surface area saving features and use a range of advanced armours it will exceed current levels of protection with a likely net weight saving.
As far as I am aware, the final MGV requirement was for 20-29 tons platform with front hull protection against max 45mm calliber armor piercing projectiles fired from automatic cannons. The 360 degrees protection against more capable threats had to bee provided by active protection systems. However active protection systems are not very efficent in defeating APFSDS ammunition (although it is possible), and they can be overloaded by quanitity of incoming projectiles.
In my opinion, and this is backed up by scientific report, the only way to improve protection with minimum weight increase, or even weight decrease is by use of nanotechnology.
Australian scientists tested a carbon nano tubes layer, 600nm thick, which is 0,0006mm, that was capable to provide protection against projectile with energy of 320J, hiting in the same spot several times.
This gives new capabilities, and gives also hope for efficent protection with reduced weight and probably also bulk.
There are questions however.
1) What is required thickness for CNT layer to provide sufficent protection against APFSDS and HEAT ammunition and other possible threats?
2) What will be weight of such layer?
3) When it will be possible to manufacture such materials relatively cheap, simple, in form of plates?
Of course the question is how such armor would be designed. Using pure CNT design is probably a no go.
Perhaps a design similiar to todays composite armors is more realistic, which means a steel structure creating a cavity.
This steel structure would have outer plate or plates made from high hardness steel, perhaps the best choice would be use of triple hardness steel, or something described as nanometric steel. While the back plate should be softer, more flexible.
In between these plates, we could place CNT layers encased in more triple hardness steel plates. Perhaps good addition to CNT's or even replacement for them, could be ADNR (aggregated diamond nanorods), this derivative of CNT is harder than diamonds, so alone or in combination with CNT, it could provide a much greater protection, with reduced weight compared to currently used or near future solutions.