Active Protection System Market by End User (Defense, Homeland Security), Platform (Land-Based, Naval, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor), and region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America).
The global Active Protection System Market size is projected to reach a CAGR of 8.14% from 2023-2030.
Active Protection Systems are defined as next-generation systems which defend automatically in opposition to enemies for threatening them without loading the vehicle with heavy weapons. This protection system is used for detecting and neutralizing the threat projectiles before the target reaches them.
Growth in the Active Protection System Market can largely be attributed to factors such as Rise in the geopolitical instabilities. Furthermore, the factors which will help the market to escalate its growth are the Automation of defense systems, rising geopolitical instabilities, and increasing demand for the development of secured networks against cyber-attacks
On the other hand, a rise in cyber warfare affects the performance of technologically advanced defense platforms, and a rise in the development cost of radar systems may hamper the growth of the market.
The outbreak of COVID-19 has severely impacted defense, aerospace, aviation, and other related industries. The emergence of the COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the defense industry through mid-2021. With the rising concern for the health of the general public, governments across nations are focused on investments in healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense-related products such as Active Protection System systems will remain unaffected as the budgets for defense-related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
To improve military capabilities and troops in several conflicts around the world, many nations have created autonomous weapon systems. Active protection systems ensure vehicle survival by lowering the penetration ability and reducing the fatal effect. The constant development of sensor technologies, weapon firing systems, and other auxiliary systems aims to enhance the efficiency and precision of the current Active Protection System generation (APS). The market is growing as a result of rising demand for cutting-edge combat systems, new-generation battle tanks, and an increase in government spending on the armed forces and defense.
North America to Dominate the Market
Report Feature |
Descriptions |
---|---|
Growth Rate |
CAGR of 8.14% during the forecasting period, 2023-2030 |
Historical Data |
2019-2021 |
Forecast Years |
2023-2030 |
Base Year |
2022 |
Units Considered |
Revenue in USD million and CAGR from 2023 to 2030 |
Report Segmentation |
end user, platform, kill system type, and region. |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East, and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, and South Africa (50+ Countries Across the Globe) |
Companies Profiled |
Artis, LLC, Airbus Group, ASELSAN A.S., IMI Systems, Rheinmetal AG, Rafael Advanced Defense Systems Ltd., The Raytheon Company, Safran Electronics & Defense, and Saab AB. |
Available Customization |
In addition to the market data for Active Protection System Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirement. |
Active Protection System Market is segmented into various segments such as end-user, platform, kill system type, and region:
On the basis of end-user
On the basis of the platform
On the basis of the kill system type
On the basis of region
The prominent players in Active Protection System Market are