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

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 driven by rising defense expenditure, technical advancements, and an increased need for advanced protective systems. It is a cutting-edge technology, which provides critical protection for military vehicles and personnel, by detecting and eliminating the approaching threats, which are in the form of missiles, rockets, or other projectiles. This technology has attracted much interest from defense organizations across the world because of the demonstrated ability to enhance survival capability of military assets in dangerous situations. Moreover, the rising need for protected military vehicles is the prime driver behind the active protection system market growth. As countries strive to build up their defense capabilities, increased military expenditure is attributed to rising geopolitical tensions and the changing nature of war. There is now more emphasis on creating and deploying military vehicles with cutting-edge protective systems to combat new threats due to the growth in defense funding. Technical developments in APS, including enhanced sensor systems, artificial intelligence, and countermeasure technologies, further drive market expansion. The need for APS integrated into various platforms, such as tanks, armored vehicles, and unmanned systems, is expected to grow as military forces continue to seek new ways to protect their assets. This will help the market grow rapidly over the next few years.