The need to develop advanced warfare system and increasing asymmetric warfare is expected to drive the demand for global active protection systems market in the forecast period, 2023-2027.
According to TechSci Research report, “Active Protection Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global active protection systems market is anticipated to witness robust growth in the forecast period, 2023-2027. Tank and armored vehicles are considered a leading part of any country’s weapon. Due to the continuous technological evolution, the threat has increased both from ground and air platforms. Several countries are promoting the development of armored vehicles and tanks with protection as the most crucial element of the vehicles. Active protection systems are a new type of advanced protection system for tanks and armored vehicles. They are designed to discover hostile income targets in advance and confuse, intercept, and destroy them before being hit by them. The ongoing research and development activities in the defense sector drive the global active protection systems market. The growing demand for advanced warfare technologies from the developing economies and the development of secured networks against cyber-attacks are further expected to influence the market demand in the forecast period.
However, the high cost to acquire and install and maintain the performance of an active protection system may restrain the market growth in the forecast period.
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The global active protection systems market is segmented into system, platform, technology, regional distribution, and competitive landscape.
Based on the system, the market is divided into soft kill system, hard kill system, and reactive armor. The hard kill system is projected to capture the highest market share in the forecast period. The market is driven by the enhanced demand for advanced weapon systems that can engage and hit incoming targets in war-like situations. Hard kill systems can detect the incoming target actively, develop a counter-attack system at close and medium range, and destroy the target before it can hit the vehicle.
Based on the platform, the market is divided into air, land, and naval. The land segment is expected to hold the largest market share in the forecast period. The rise in the focus on decreasing loss of lives during close combat situations and ensuring the safety of soldiers is driving the adoption of advanced weapons and technologies in the armed forces. Also, the development of connected warfare systems and upgradation of existing armored platforms are expected to influence the demand for the global active protection systems market.
On the basis of regional analysis, the Asia-pacific region is expected to witness the fastest incremental growth in the forecast period. The growth is driven by the massive demand for armored personal carriers, infantry fighting vehicles, amphibious armored vehicles, and main battle tanks from developing economies like China and India. Also, the increased procurement of active protection systems in China to enhance the performance of military vehicles is expected to contribute to the global active protection systems market growth.
Major market players operating in the global active protection systems market are:
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- BAE Systems
- Thales Group
- Raytheon Company
- General Dynamics Corporation
- Rafael Advanced Defense Systems
- MBDA Missiles Systems
- The Boeing Company
- Leonardo UK Ltd
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“The European & CIS region is expected to hold the dominant market share in the forecast period, 2023-2027. Market players are investing in the up gradation of the existing warfare platforms to advanced platforms and in research and development activities. Increased spending on the advanced airborne targeting systems by countries like Russia, the United Kingdom, and France are expected to influence the market demand in the forecast period. Also, the rise in the focus on market players to develop advanced technologies to improve the performance of active protection systems in harsh conditions and the growing usage of defense mechanism in European armed forces is expected to propel the growth of the global active protection systems market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Active Protection Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By System Type (Soft Kill System, Hard Kill System, Reactive armor), By Platform (Air, Land, Naval) , By Technology (Defense, Homeland Security), and By Region”, has evaluated the future growth potential of global active protection systems market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global active protection systems market.
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