ACTIVE PROTECTION SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In July 2022, Elbit Systems Limited a global defense technology company specializing in a wide range of aerospace, land, and naval solutions has won an US$80 million contract to provide Electronic Warfare (EW) systems and Direct Infrared Counter Measures (DIRCM) to Asia Pacific region
• In May 2022, Turkey announced plans to start mass-producing its battle tanks. These 65-ton tanks will be fitted with Aselsan APS, offering defense against top-attack anti-tank guided munitions like the Javelin.
• In May 2022, Raytheon Missiles & Defense is a premier provider of cutting-edge missile systems and defense solutions has secured a US$423 million contract with the U.S. Navy to continue producing SPY-6 radars. These radars can defend against surface ships, cruise missiles, hostile aircraft, and ballistic missiles simultaneously.
• In April 2022, Cobham Advanced Electronic Solutions (CAES) is a trusted leader in providing advanced electronic solutions for critical applications in aerospace, defense, and other industries has agreed on a contract with Lockheed Martin Corporation for an initial production phase-1. CAES will supply Phased Array Antennas to support Lockheed Martin's Advanced Off-Board Electronic Warfare (AOEW) system.
• In November 2021, General Dynamics European Land Systems (GDELS), Rafael Advanced Defense Systems (Rafael), and Krauss-Maffei Wegmann (KMW) formed a joint venture called EuroTrophy. This Germany-based company will market and sell the Trophy Active Protection System (APS) to European markets.
• In March 2021, L3Harris is a top-tier global aerospace and defense technology company delivering innovative solutions for mission-critical challenges across air, land, and sea, space, and cyber domains has revealed its intentions to develop a new electronic warfare suite for F-16s being sold to international partners. This system creates a virtual electronic shield around the aircraft.