The active protection systems market offers an array of advanced protection systems like soft and hard kill systems to defeat incoming projectiles, RPGs, anti-tank missiles and more. Demand for active protection systems across various military vehicles has increased significantly in recent years due to the growing need for added protection in hostile environments like cross-border conflicts and anti-terrorist operations.
The global active protection systems market is estimated to be valued at US$ 4.30 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 To 2031.
Key Takeaways
Key players: Key players operating in the active protection systems market are Airbus SAS, Artis LLC, Aselsan AS, Israel Military Industries, KBM, Rafael Advanced Defense System Ltd., Raytheon Technologies Corporation, Rheinmetall AG, SAAB AB, Safran, IMI Systems, Krauss Maffei Wegmann, and General Dynamics.
Key opportunities:
Increasing defense budgets of major economies and growing cross-border conflicts have opened up opportunities for adoption of Active Protection Systems Market Size across a variety of military platforms. OEMs are focusing on developing lightweight, compact and multi-threat countermeasure systems to gain contracts.
Global expansion:
Leading active protection systems manufacturers are partnering with foreign defense entities and setting up joint venture production facilities to strengthen their presence across Asia Pacific, Middle East, Eastern Europe and North America. Growing procurement of combat-proven active protection suites by countries in these regions will support the market expansion.
Market drivers:
The increasing use of asymmetric warfare tactics by terrorist and insurgent groups has focused attention on the need for added survivability of ground combat vehicles and troops. This is a key factor driving the demand for active protection systems that enable the defeat of rocket propelled grenades and anti-tank guided missiles without relying only on heavy armor. The deployment of active protection systems allows for the exploitation of new tactical advantages.
PEST Analysis
Political: Active Protection Systems Market is influenced by defense budget allocation and government policies of various countries. Systems need to meet stringent safety and efficiency standards set by regulatory bodies.
Economic: Growth of the global economy impacts defense spending of nations which in turn influences procurement of advanced military vehicles and weapons systems integrated with active protection.
Social: Increasing threats from non-state actors and changing nature of warfare drives demand for such systems to enhance safety of armed forces personnel.
Technological: Continuous R&D is helping increase hit accuracy, coverage area and integration of active protection with different platform types. Adoption of artificial intelligence and advanced materials is improving effectiveness.
The active protection systems market in terms of value is mainly concentrated in North America and Europe. The US, UK, Germany, and Russia invest heavily in strengthening their armed forces with cutting-edge technologies. Tactical and combats vehicles of these regions are being retrofitted or produced with integration of active protection capabilities.
The Asia Pacific region is projected to witness the fastest growth during the forecast period. Rising defense budgets and increasing indigenous production of military hardware in China, India, and South Korea is boosting procurement of active protection systems in the region. These countries are also actively collaborating with international original equipment manufacturers to gain critical defense technologies.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
