Active protection systems help detect, track, and neutralize incoming threats such as anti-tank guided missiles and rockets. Such systems provide protection to armored vehicles and are increasingly being incorporated across major battle tanks, infantry fighting vehicles, and light wheeled armored vehicles. Their need has surged with growing defense budgets and rising geopolitical uncertainties & conflicts across regions. Active protection systems shielding capabilities against missile attacks have prompted armies worldwide to upgrade their armored fleets.
The Global Active Protection Systems Market is estimated to be valued at US$ 6.31 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Active Protection Systems are Airbus SAS, Artis LLC, Aselsan AS, Israel Military Industries, KBM, Rafael Advanced Defense System Ltd., Raytheon Technologies Corporation, Rheinmetall AG, SAAB AB, Safran, IMI Systems, Krauss Maffei Wegmann, and General Dynamics.
Key opportunities in the market include developing soft-kill and hard-kill hybrid Countermeasure systems providing multi-threat protection. There is also a scope for integrating active protection on light combat vehicles and upgrade suites for existing armored vehicles.
Major armies worldwide are procuring active protection systems to bolster their defense capabilities. OEMs are enhancing R&D to enlarge product portfolios with advanced features like 360-degree coverage and functionalities against hypersonic projectiles. Tie-ups with system integrators and armor kit suppliers are expanding the geographical footprint.
Market drivers
The Global Active Protection Systems Market Growth spending of emerging economies in Asia Pacific and Middle East is a key driver. Countries are procuring new generation armored fleets and retrofitting existing ones with active protection to augment soldiers’ safety against modern battlefield threats. Rising security concerns amid asymmetric warfare and non-state militant activities are also prompting armed forces to seek additional protection through active shielding.
PEST Analysis
Political: The Active Protection Systems market is influenced by government defense budgets and changing geopolitical dynamics across regions. Many countries are modernizing their military capabilities.
Economic: Defense budgets are influenced by the broader economic conditions and priorities of countries. economic growth enables higher spending on defense modernization programs.
Social: There is generally strong social support for defense of national security. However, some systems like active protection raise public debates around lethal autonomous weapons.
Technological: Active protection systems leverage advanced technologies like radar, optronics, fire control systems and interceptor munitions. Continuous R&D is improving system effectiveness against evolving threats. New interceptor types and integration on additional platforms will expand capabilities.
The market is currently concentrated in North America, Europe and Middle East in terms of value. The US and some European countries have fielded active protection systems on combat vehicles. Ongoing military modernization programs in oil rich Middle Eastern countries are also contributing to regional market size.
Asia Pacific region is poised to be the fastest growing market during the forecast period. Countries like India, South Korea and Taiwan are actively pursuing defense indigenization and self reliance initiatives that include development and deployment of active protection capabilities. Rising defense budgets and focus on competitive indigenization provide opportunities for regional and international players in this market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
