ACTIVE PROTECTION SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The active protection systems market is estimated to be valued at US$ 4.30 Bn in 2024 and is expected to reach 6.31 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Report Description:
Active Protection Systems (APS) are being increasingly incorporated in military vehicles to provide advanced self-protection capabilities from various threats such as incoming projectiles. APS employs technologies such as radar, fire control systems, weapon launching systems, and counter munitions to detect, track, and neutralize incoming threats. They provide vehicular protection from threats that cannot be handled by conventional passive armor. With rising defense budgets and growing threat perceptions, the demand for active protection on military platforms is surging globally. APS allow vehicles to operate in high threat environments with enhanced survivability. Going forward, increasing applications of APS in modern armored vehicles, shelters and fixed installations will be a major factor driving the growth of this specialized market.
Market Dynamics:
The global active protection systems market is witnessing strong growth driven by increasing defense budgets and the modernization of land- and sea-based military platforms. Escalating geopolitical tensions and rising instances of asymmetric warfare have intensified the need for equipping military assets with APS. Additionally, growing threats from advanced anti-tank missiles, guided rockets and attacks are prompting countries to invest more in active countermeasure technologies. Meanwhile, the development of powerful laser-based APS solutions offers a major opportunity in this marketplace. However, high procurement and maintenance costs pose a challenge to widespread adoption. Nonetheless, ongoing R&D towards developing compact multi-threat APS with enhanced hit accuracy will help address restraints and facilitate market expansion in the coming years.
Key features of the study:
- This report provides an in-depth analysis of the global active protection systems market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global active protection systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 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
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global active protection systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
Market Segmentation
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