Market Overview:
Active Protection System Market Size is expected to reach USD 4.15 Billion by 2028, registering a CAGR of 6.50% during 2021-2028.
Active Protection System industry are used for bringing down as well as interrupting threats like rocket-propelled grenades and anti-tank missiles. In addition, these systems showcase a high degree of accuracy which helps reduce collateral damage. Active protection system also protects against these threats in numerous mission applications, such as ships, combat vehicles and fixed sites, among others. On account of several unique perceived benefits, Active Protection System industry are noting strong demand across various regions all over the world.
The global Active Protection System industry is benefitted from robust demand for land-based defense system as well as ballistic missile defense system. Great efforts by the governments of the United States (U.S.) and South Korea for building land-based air and missile defense in South Korea gives a substantial boost to the Active Protection System market growth. Similarly, China and India’s efforts to improve missile defense system could lead the market to greater heights in the near future.
Surging implementation of RPG shield initiatives is slated to be a prominent trend that will stimulate market growth. Additionally, issues like heavyweight of countermeasures are being countered by APS vendors by developing innovative and advanced systems. One of the renowned players, Control Products Corporation has created a patented RPG Shield technology which is lightweight and has a nonstop-rotating drum countermeasure targeting as well as launching system. This technology offers quicker reaction compared to conventional gun and gimbal turret systems in terms of shooting incoming RPGs.
Key Players
The key players of Rheinmetall AG (Germany), Safran Electronics & Defense (France), Saab AB (Sweden), Raytheon Company (U.S.), Rafael Advanced Defense Systems Ltd. (Israel), Airbus Group (Netherlands), KBM (Russia), Israel Military Industries (Israel), Artis, LLC (U.S.), Aselsan A.S. (Turkey)
Market segmentation:
The market for active protection system has been categorized depending on the platform, type, and end-user.
With reference to the platform, the active protection system market has been split into airborne fighter aircraft, helicopters, special mission aircraft, land-based, amphibious armored vehicles (AAV), mine-resistant ambush protected (MRAP), infantry fighting vehicles (IFV), naval, submarine, frigates, destroyers and others. The market was led by the land-based segment in 2017. Emerging nations like India and China are developing large forces of Infantry Fighting Vehicles (IFV) as well as armored vehicles. These economies are investing heavily in automated technologies, in addition to manufacturing a broad range of fighting vehicles. For instance, in November 2016, India had entered an agreement with Russia with regard to 464 T-90 main battle tanks. This move helps the country enhance its defense capabilities considerably.
Region Analysis:
Asia Pacific, North America, Middle East & Africa and Europe are the key markets for Active Protection System market industry.
Europe is slated to be one of the most profitable markets for active protection system in the years ahead. The Europe market is growing as a result of the rapidly improving warfare platforms in terms of newer and advanced technologies. In addition, the United Kingdom (U.K) and Russia are the top contributing countries in the region, owing to massive investments in APS and related technologies.
The increasing replacement of old technology with latest advanced technology along with the rising automation in defense works in favor of the North America market. Mounting allocation for defense combined with surge in terrorist attacks are few growth-inducing factors elevating market demand in the region.
Asia Pacific could clock strong growth in the worldwide Active Protection System industry market during the given timeframe. Factors that catalyze market growth include rapid modernization of military equipment across countries like India, China, Japan and South Korea. Data experts predict India to expand at the highest rate during the review period.
Saudi Arabia is the highest gaining market for active protection system in Middle East and Africa. Surging geopolitical tensions is the main reason behind the strong market performance. United Arab Emirates is poised to develop at the highest CAGR during the forecast period.
As per the type, the global Active Protection System industry market can be considered for soft kill and hard kill systems. The soft kill systems can be sub-segmented on the basis of radar decoy, infrared decoy, electro-optics jammers, and others. Out of these, the radar decoy segment’s coverage is maximum, with infrared decoy segment’s coverage being second-highest. The types of hard kill systems are light weapon defense APS, rocket/missile-based APS, reactive armor, directed energy APS, and others. This segment could note consistent growth in the coming years. The end-users of the market are defense and homeland security.
Related reports:
Guided Munitions Market by Product (Missiles, Rockets, Projectiles, Arms, Loitering Weapons, Others), Technology (Laser, Infrared, Radar, GPS, Others), Platform (Airborne, Land-based, Naval), Region, Forecast till 2030
Airport Ground Support Equipment Market Research Report: Information by Type (Fixed and Mobile), Power Source (Hybrid, Electric, and Non-Electric), Application (Aircraft Handling, Cargo Handling, and Passenger Handling), Equipment (Assembly Tool and Movement Equipment), End User (Military Airport and Commercial Airport) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)-Forecast till 2028
About Market Research Future:
Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions
Contact:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor, New York, New York 10013,
United States of America
+1 646 845 9312
Email: sales@marketresearchfuture.com
