Global Active Protection System Market

Active Protection System Market Size, Share, Growth Analysis, By Type of System(Soft kill systems and hard kill systems), By End Use Industry(Defense organizations (military forces, homeland security), government agencies, or commercial entities (private security firms)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20A2093 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 62 | Figures: 75

Active Protection System Market Competitive Landscape

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

  • Raytheon Technologies Corporation (US)
  • Leonardo S.p.A. (Italy)
  • Israel Aerospace Industries Ltd. (Israel)
  • KBM (Kolomna) (Russia)
  • ASELSAN A.Ş. (Turkey)
  • General Dynamics Corporation (US)
  • Elbit Systems Ltd. (Israel)
  • Northrop Grumman Corporation (US)
  • Lockheed Martin Corporation (US)
  • BAE Systems plc (UK)
  • L3Harris Technologies, Inc. (US)
  • Thales Group (France)
  • Hanwha Corporation (South Korea)
  • CMI Group (Belgium)
  • ZALA AERO Group (Russia)
  • Denel Land Systems (South Africa)
  • Artis, LLC (US)

Active Protection System Market

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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 (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. 'Rheinmetall AG (Germany)', 'Raytheon Technologies Corporation (US)', 'Rafael Advanced Defense Systems Ltd. (Israel)', 'Saab AB (Sweden)', 'Leonardo S.p.A. (Italy)', 'Israel Aerospace Industries Ltd. (Israel)', 'KBM (Kolomna) (Russia)', 'ASELSAN A.Ş. (Turkey)', 'General Dynamics Corporation (US)', 'Elbit Systems Ltd. (Israel)', 'Northrop Grumman Corporation (US)', 'Lockheed Martin Corporation (US)', 'BAE Systems plc (UK)', 'L3Harris Technologies, Inc. (US)', 'Thales Group (France)', 'Hanwha Corporation (South Korea)', 'CMI Group (Belgium)', 'ZALA AERO Group (Russia)', 'Denel Land Systems (South Africa)', 'Artis, LLC (US)'

The rising threat of ballistic and guided missile attacks in various regions has driven the demand for active protection systems. Countries and defense organizations are investing in APS to enhance the survivability and protection of military vehicles, aircraft, and naval vessels. For example, Israel's Trophy APS has been deployed on the Israeli Defense Forces' Merkava tanks to intercept and destroy incoming projectiles, effectively reducing the risk to personnel and equipment.

Integration of Artificial Intelligence and Machine Learning: The integration of artificial intelligence (AI) and machine learning (ML) technologies is becoming increasingly prevalent in active protection systems. AI and ML algorithms enable real-time threat detection, analysis, and response, enhancing the system's ability to identify and neutralize incoming threats accurately. This trend allows APS to adapt to evolving threat scenarios and improve the overall effectiveness of protection measures.

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.

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Global Active Protection System Market

Report ID: SQMIG20A2093

$5,300
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