Active Protection Systems Market Forecasts to 2028 – Global Analysis By Platform (Naval, Land-Based and Marine), Kill System Type, Application, End User and By Geography
According to Stratistics MRC, the Global Active Protection Systems Market is accounted for $3.9 billion in 2022 and is expected to reach $6.1 billion by 2028 growing at a CAGR of 7.7% during the forecast period. A combat vehicle that has an active protection system mounted on it or incorporated into it may automatically defend itself from intruders. The design of active protection systems incorporates an integrated radar system, sensors, launchers, and countermeasure ammunition to enable the system to fire down interfering missile threats. Additionally, the system has a high degree of accuracy, which reduces collateral damage. For armoured fighting vehicles (AFVs), primarily battle tanks, light tanks, armoured infantry fighting vehicles, and wheeled armoured vehicles, it offers high-performance anti-tank protection.
According to the Center for Strategic and International Studies, there have been more than 65 cyber-attacks on various government agencies across the globe between January 2022 and June 2022.
Market Dynamics:Driver:Increase in demand for advanced combat systems
To improve military capabilities and troops in several conflicts around the world, many nations have created autonomous weapon systems. The constant development of new sensor technologies, weapon firing systems, and auxiliary systems is intended to increase the precision and performance capabilities of the current generation. Additionally, the market expansion is being driven by the emphasis on enhancing the autonomy of weapon systems.
Restraint:Weapon integration
Many countries have developed autonomous weapon systems to enhance military capabilities and troops in numerous battles across the world. To improve the accuracy and performance capabilities of the present generation, new sensor technologies, weapon firing systems, and auxiliary systems are constantly being developed. The emphasis on improving the autonomy of weapon systems is another factor driving the market expansion.
Opportunity:Rising deployment of next-generation countermeasures and decoys
The requirements for next-generation self-protection systems among armed services worldwide are shifting towards a modular framework. The capacity to deliver future solutions specifically designed to address a wide range of platforms and easily upgradeable will be improved by the next-generation modular kits. The military place a strong emphasis on maximising vehicle survivability through the integration of cutting-edge, multi-layered protection systems.
Threat:High development and maintenance costs
The protection system is important in the defence industry for shielding against air defence systems, situational radars, and platform detection. Due to its intricate installation and integration with current military assets, this active protection system consists of very expensive systems. The high cost of developing and deploying an active protection system is a major barrier to the market's expansion.
Covid-19 Impact
The COVID-19 epidemic had a substantial effect on the defence sector. The aerospace and defence supply chain business has been seriously impacted by the mandated shutdown. All of the major nations have also prioritised their health budgets while cutting back on their defence spending. A disturbance in the production of defense-related equipment also occurred. Additionally, the defence industry is a developing one that was hampered by the pandemic but is anticipated to rebound quickly afterward and support the expansion of the active protection system market.
The soft kill segment is expected to be the largest during the forecast period
The soft kill segment is estimated to have a lucrative growth, due to their cost-effectiveness and greater relevance to military capabilities such as intelligence, surveillance, and reconnaissance. Additionally, this defence system uses laser, infrared, and radar jammers to deflect the projectile's focus away from the combat vehicle and neutralise the attack, which has increased the use of this system by the armed forces and ultimately fuelled the market's expansion.
The defense segment is expected to have the highest CAGR during the forecast period
The defense segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increasing adoption of the active protection system to protect platforms during combat situations. Additionally, the escalating border conflicts have considerably raised the military's need for this equipment. And, the demand for cutting-edge weaponry and technologies in the armed forces is fueling the increased emphasis on lowering deaths in battle zones, which is anticipated to boost the market.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising demand for innovative combat systems to improve military across emerging economies. Furthermore, it eliminates a range of platform-related antiarmor threats and lessens collateral damage. The demand for cutting-edge armaments and a new main battle tank with cutting-edge technology has also increased due to the rise in border conflicts, which is anticipated to speed up market expansion.
Region with highest CAGR:Europe is projected to have the highest CAGR over the forecast period, owing to the increasing demand from armed forces to replace old equipment with new and advanced versions. Additionally, it is anticipated that rising government spending on new defence systems will fuel market expansion.
Key players in the market
Some of the key players profiled in the Active Protection Systems Market include Raytheon Technologies Corporation, Rafael Advanced Defense Systems Ltd., Imi Systems Ltd., Artis, LLC., JSC RPC KBM, Rheinmetall AG, SAAB AB, Aselsan A.S., Safran Electronics & Defense, Hensoldt AG, Krauss-Maffei Wegmann GmbH & Co. KG, Lockheed Martin Corporation and Israel Military Industries Ltd.
Key Developments:In October 2022, Raytheon Missiles & Defense partnered with Lockheed Martin to develop Javelin, a shoulder-fired and platform-employed missile that has fire and forger capability over 4kms.
In September 2022, Rheinmetall collaborated with Helsing to provide the armed force with the latest technologies and enable them to meet current and future challenges.
In April 2021, Raytheon Corporation (US) demonstrated its Quick Kill 2.0 system, which uses a vertical launch countermeasure against incoming threats, in the armored vehicle display area.
Platforms Covered:
• Naval
• Land-Based
• Marine
Kill System Types Covered:
• Hard Kill System
• Soft Kill System
• Reactive Armor
Applications Covered:
• Light Weapon Defense
• Directed Energy
• Electro-Optics Jammers
• Rocket/Missile-Based
• Radar Decoy
• Infrared Decoy
• Other Applications
End Users Covered:
• Homeland Security
• Defense
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements