The Active Protection Systems by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Active Protection Systems, The active protection systems market size has grown strongly in recent years. It will grow from $3.67 billion in 2023 to $3.91 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 $5.07 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.
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.
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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
Top Major Players:
Artis LLC
Aselsan A.S
JSC Konstruktorskoye Byuro Mashinostroyeniya
Krauss-Maffei Wegmann GmbH & Co. KG
Rafael Advanced Defense System Ltd.
North America was the largest region in the active protection systems market in 2023.
The development of innovative active protection systems is a key trend gaining popularity in the active protection systems market. Major companies operating in active protection systems are developing innovative protection systems to sustain their position in the market. For instance, in May 2021, ASELSAN, a Turkey-based arms manufacturing company started the development of the KAMA active protection system. The main aim of this development is to provide low-environmental damage products with a self-defense mechanism to avoid unwanted losses and consequent effects.
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
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