Active Protection Systems Market Size, Growth Analysis, Share, Leading Key Players, Trends, And Forecast To 2033
Posted by Sushmitha on May 27th, 2024
Overview and Scope
An active protection system refers to a system that prevents some anti-tank weapons from obliterating a vehicle. These systems ensure the survivability of the crew and vehicle that include countermeasures that either hide the vehicle from the threat or obstruct the danger's guidance.
Sizing and Forecast
The active protection systems market size has grown strongly in recent years. It will grow from .67 billion in 2023 to .91 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing threats and conflicts, military modernization programs, rising investments in defense, vulnerability of armored vehicles, concerns about soldier safety.
The active protection systems market size is expected to see strong growth in the next few years. It will grow to .07 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to growing demand for lightweight and integrated aps, global security concerns, military modernization initiatives, increasing defense budgets, integration with future vehicle platforms. Major trends in the forecast period include advancements in interceptor technologies, growing adoption of soft-kill systems, development of next-generation hard-kill systems, integration of aps with other defensive systems, ai and machine learning integration.
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Segmentation & Regional Insights
The active protection systems market covered in this report is segmented –
1) By Solution: Hardware, Software
2) By Kill System Type: Soft Kill System, Hard Kill System, Reactive Armor
3) By Platform: Land-Based, Airborne, Marine
4) By End Users: Defense, Homeland Security
North America was the largest region in the active protection systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the active protection systems market report during the forecast period. The regions covered in the active protection systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in terrorist attacks and threats is expected to propel the growth of the active protection systems market going forward. Terror attacks are attacks that involve violence to provoke a state of terror or fear among people that attack a person or place. Active protection systems provide protection against terror attacks by enabling defense from short-range maneuverable projectiles such as sea-skimming weapons, and anti-tank-guided missiles. For instance, according to Global Terrorism Index (GTI) report published in 2021 by the Institute for Economics & Peace (IEP), an Australia-based peace institute, there is an increase in terrorist attacks worldwide to 5,226 in 2021. Further, the Ukraine-Russia conflict will drive a rise in traditional and cyber terrorism. Therefore, the rise in terrorist attacks and threats is driving the growth of the active protection systems market.
Key Industry Players
Major companies operating in the active protection systems market are focusing on innovating products, such as Iron Fist, to provide reliable services to customers. Iron Fist is a hard-kill active protection system (APS) with a modular design that provides adaptation to a range of platforms ranging from light utility vehicles to heavy armored fighting vehicles. For instance, in August 2023, Elbit Systems Ltd., an Israel-based defense contractor company, launched Iron Fist. Iron Fist provides protection against anti-tank threats, increasing the survivability of the platform or vehicle. It provides armored platforms with 360-degree protection. It has a fixed active electronically scanned array radar sensor that senses incoming threats. It is available in two versions: IFLK (Iron Fist Light Kinetic) for tanks and heavy infantry fighting vehicles (IFVs) and IFLD (Iron Fist Light Decoupled) for light to medium infantry fighting vehicles (IFVs).
The active protection systems market report table of contents includes:
1. Executive Summary
2. Active Protection Systems Market Characteristics
3. Active Protection Systems Market Trends And Strategies
4. Active Protection Systems Market - Macro Economic Scenario
5. Global Active Protection Systems Market Size and Growth
....
31. Global Active Protection Systems Market Competitive Benchmarking
32. Global Active Protection Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Active Protection Systems Market
34. Active Protection Systems Market Future Outlook and Potential Analysis
35. Appendix
