USD 3.56 Billion
Report ID:
SQMIG20A2093 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
62
|Figures:
75
Active Protection System Market size was valued at USD 3.56 Billion in 2023 and is poised to grow from USD 3.87 Billion in 2024 to USD 6.99 Billion by 2031, at a CAGR of 8.80% during the forecast period (2024-2031).
The Global Active Protection System Market is a rapidly expanding market driven by the increasing need for advanced defense systems to counter emerging threats. Active Protection Systems (APS) is a crucial component of modern armored vehicles and combat aircraft, designed to detect, track, and neutralize incoming projectiles such as rockets, missiles, and grenades. One of the key drivers propelling the growth of the global market is the rising emphasis on soldier safety and vehicle survivability. With the evolving nature of modern warfare, military organizations worldwide are seeking cutting-edge solutions to protect their personnel and critical assets. APS offers real-time threat detection and rapid response, significantly reducing the vulnerability of armored vehicles and minimizing casualties. Moreover, the increasing deployment of technologically advanced and sophisticated weaponry by hostile entities is creating a pressing need for active defense measures. As adversaries develop more potent and accurate munitions, the demand for active protection systems capable of intercepting and neutralizing these threats is escalating. This has led to a surge in investments in research and development to develop robust APS solutions. While the market presents immense opportunities, it also faces certain restraints and challenges. The high costs associated with the development and integration of active protection systems act as a deterrent to widespread adoption, particularly for budget-constrained defense organizations. Furthermore, the complexity of integrating APS into existing platforms and the need for stringent testing and certification processes pose additional challenges.
However, key trends in the global market are addressing these challenges and presenting opportunities for growth. The market is witnessing the development of modular and scalable APS solutions that can be integrated into a wide range of platforms, from main battle tanks to helicopters. This modularity allows for cost-effective implementation and easier maintenance. Additionally, advancements in sensor technologies, machine learning, and artificial intelligence are driving the development of more sophisticated APS solutions. These systems leverage data fusion and predictive algorithms to enhance threat detection capabilities and enable faster and more accurate response mechanisms. Furthermore, the integration of APS with other defense systems, such as radar and electronic warfare, is gaining traction, offering enhanced situational awareness and layered defense capabilities.
Global Market Size
USD 3.56 Billion
Largest Segment
Hard Kill Systems
Fastest Growth
Hard Kill Systems
Growth Rate
8.80% CAGR
To get more reports on the above market click here to Buy The Report
Global Active Protection System Market is segmented on the basis of type of system, application, and region. By type of system, the market is segmented into soft kill systems and hard kill systems. By end-use industry, the market is segmented into defense organizations (military forces, homeland security), government agencies, or commercial entities (private security firms). By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Active Protection System Market Analysis By Type of System
The hard kill systems segment dominated the market. The hard kill system segment includes explosive reactive armor (ERA), kinetic energy penetrators, and direct energy weapons. These systems are designed to detect and neutralize incoming threats, such as missiles, rockets, and RPGs before they can strike their target. The growing demand for advanced and effective defense mechanisms to counter evolving threats from modern battlefield scenarios is a major driver for the growth of hard kill systems segment. Additionally, the increasing investment in military modernization programs and the rising geopolitical tensions around the world are expected to further boost the demand for hard kill systems in the coming years.
The fastest-growing segment in the active protection system market is the soft kill systems segment, which is projected to register a significant growth rate during the forecast period. The soft kill system segment includes various non-lethal defense mechanisms, such as infrared jammers, smoke grenades, and decoys. These systems are designed to disrupt or confuse the guidance systems of incoming missiles or other threats without causing any physical damage. The rising demand for cost-effective and non-lethal defense solutions, especially in urban warfare scenarios, is driving the growth of the soft kill systems segment. Additionally, the increasing focus on minimizing collateral damage and civilian casualties in military operations is expected to further drive the adoption of soft kill systems in the future.
Active Protection System Market Analysis by End Use Industry
The defense organizations segment holds the largest market share, owing to the increasing adoption of APS by military forces across the world to protect their armored vehicles from missile attacks. The defense organizations segment is expected to maintain its dominant position during the forecast period, as countries are investing heavily in advanced defense technologies to enhance their military capabilities.
The fastest-growing segment in the global APS market is the commercial entities category, comprising private security firms. With the increasing threat of terrorist attacks and the rising need for security in public places such as airports, shopping malls, and sports stadiums, private security firms are increasingly adopting APS to safeguard their facilities and assets. Moreover, the growing demand for APS from the transportation sector, including railways and buses, is also driving the growth of the commercial entities segment.
To get detailed analysis on other segments, Request For Free Sample Report
North America dominated the global APS market due to its strong defense capabilities, significant defense budget, and the presence of key market players in the region. The United States, in particular, is at the forefront of APS adoption, driven by its focus on modernizing its military equipment and ensuring the safety of its armed forces. One prominent example in North America is Raytheon Technologies Corporation, a leading defense technology company that offers advanced APS solutions. Raytheon's Trophy APS, a combat-proven system, provides 360-degree protection for armored vehicles by intercepting and neutralizing incoming threats. With a substantial market share in North America, Raytheon Technologies Corporation is instrumental in shaping the region's dominance in the global market.
Asia Pacific is emerging as the fastest-growing region in the global APS market. The region's rapid economic growth, geopolitical tensions, and increasing defense budgets of countries like China and India are driving the demand for advanced military technologies, including APS. One notable example in Asia Pacific is Rafael Advanced Defense Systems Ltd. The Israeli defense company offers the Trophy APS, which has gained significant traction in the region. Its proven effectiveness in providing protection to armored vehicles has attracted the attention of various countries in Asia Pacific, further contributing to the company's market share growth. As the Asia Pacific region continues to witness a rise in military modernization efforts and concerns over regional security, the demand for APS systems is expected to grow substantially. This growth presents lucrative opportunities for APS manufacturers and providers, making the region an attractive market for players aiming to expand their market share.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Active Protection System Market Drivers
Increasing Threat of Ballistic and Guided Missile Attacks
Modernization and Upgradation of Military Platforms
Active Protection System Market Restraints
High Development and Integration Costs
Technical Challenges and System Integration
Request Free Customization of this report to help us to meet your business objectives.
The Global Active Protection System (APS) Market is highly competitive, with several key players operating in the market. Some of the major players in the market are focusing on developing technologically advanced and cost-effective APS solutions to gain a competitive edge in the market. They are also investing in research and development activities to introduce new and innovative products in the market. Moreover, partnerships, collaborations, and acquisitions are among the key strategies adopted by these players to expand their market presence and strengthen their product portfolio. The market is also witnessing the entry of new players, which is further intensifying the competition.
Active Protection System Market Top Player’s Company Profiles
Active Protection System Market Recent Developments
In May 2024, Elbit Systems received a contract from General Dynamics Ordnance and Tactical Systems, valued at approximately $37 million, to supply an unspecified number of Iron Fist active protection systems for the US Army's Bradley M2A4E1 program.
In January 2024, The US company Artis released details of its new Sentinel active protection system (APS) that can counter drone-delivered munitions and first-person view (FPV) kamikaze drones.
In September 2023, RAFAEL, a world leader in advanced defense technologies, is pleased to announce the successful acquisition of a £20 million contract from the UK Ministry of Defense (MOD) for the state-of-the-art TROPHY Active Protection System (APS). This significant milestone represents a major advancement in bolstering the defensive capabilities
In July 2022, Elbit Systems Limited, an Israeli defense company, was awarded a contract worth USD 80 million to supply airborne Electronic Warfare (EW) systems and Direct Infrared Counter Measures (DIRCM) to an Asia Pacific country.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Active Protection System (APS) Market analysis, the market analysis indicates that the increasing need for advanced protection systems in modern warfare, coupled with the rising adoption of APS by defense organizations across the globe, is driving market expansion. Factors such as the growing threat of asymmetric warfare, rising investments in military modernization programs, and the need to enhance vehicle survivability are fueling the demand for APS solutions. Furthermore, technological advancements in sensor technologies, radar systems, and munitions are improving the effectiveness and reliability of APS, thereby propelling market growth. Overall, the global market is anticipated to witness continued growth in the coming years, with significant opportunities for market players operating in this sector.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.56 Billion |
Market size value in 2031 | USD 6.99 Billion |
Growth Rate | 8.80% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Active Protection System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Active Protection System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Active Protection System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Active Protection System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20A2093
sales@skyquestt.com
USA +1 351-333-4748