Active Protection System Market Analysis | 2023-2028

Market Insights

The active protection system market was estimated at USD 3.72 billion in 2022 and is likely to grow at a CAGR of 5.60% during 2023-2028 to reach USD 5.18 billion in 2028.

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Market Dynamics

Introduction

An Active Protection System (APS) is a type of defense system used to defend military ships, planes, and vehicles from incoming projectiles such as missiles, rockets, and artillery shells. It uses cutting-edge technology to intercept and eliminate these dangers before they may harm or create damage.

An Active Protection System's principal job is to identify, track, and respond to incoming threats in real-time. APS is often made up of multiple components that work together to provide a layered defense.

Market Driver

The market is driven by a host of factors, some of which are noted below

• Upgradation of armed forces, driven by the increasing need for advanced defense capabilities and the upgradation of armed forces around the world.
• Upsurge in asymmetric warfare refers to conflicts where one party has significantly fewer resources or capabilities compared to its adversary, and they employ unconventional tactics to overcome their disadvantages. 
• Growing need for security from different types of weapon systems.
• The employment of active protection systems in defense has grown due to the rise in the number of warfare platforms being manufactured globally.
• These warfare platforms demand systems that are capable of detecting, tracking, and defending against any impending threats.

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Key Players

The following are the key players in the active protection system market:

• Artis, LLC
• Airbus Group
• ASELSAN A.
• IMI Systems
• Rheinmetall AG
• Rafael Advanced Defense Systems Ltd.
• The Raytheon Company
• Saab AB
• Safran Electronics & Defense.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Platform Type

"Land-based segment held a significant market share in 2022"

The market is segmented as land-based, airborne, and naval. The land-based segment held a significant market share in 2022 & is estimated to register the highest growth during the forecast period. The growing demand for active protection systems can be ascribed to a plethora of factors, such as increasing emphasis on close combat systems, upgradation of prevalent armored platforms, need for connected warfare systems, and safety of soldiers in any warmongering situation, among others.

By Kill System Type

"Hard kill system segment accounted for the largest share of the market during the forecast period"

The market is segmented as soft kill system, hard kill system, and reactive armor. Currently, the soft kill system segment is imposing the market. Nevertheless, the hard kill system segment accounted for the largest share of the market & is expected to witness the highest growth during the forecast period. This unprecedented high growth is owing to the rising demand for advanced systems armed with enhanced competence to engage and knock out imminent threats.

Regional Analysis

"Europe remains dominant in the market in 2022"

Europe remain dominant in the market in 2022 & is estimated to account for the largest market share in the coming five years. One of the prime factors influencing the European market is the incessant upgrade of warfare platforms with innovative technologies. Russia and the U.K. are the growth engines of the region. The market is driven by the increasing investments made in the active protection systems market and related technologies, particularly by these two major countries. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s active protection system market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The active protection system market is segmented into the following categories:

By End-User Type 

• Defense
• Homeland Security

By Platform Type 

• Land-Based
• Airborne
• Naval

By Kill System Type 

• Soft Kill System
• Hard Kill System
• Reactive Armor

By Region 

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the platform types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.