Protection system

Active protection systems market size reached $4.61 billion

Pune, India, Aug. 30, 2022 (GLOBE NEWSWIRE) — The world Active Protection Systems Market Size is expected to reach USD 4.61 billion in 2028, growing at a CAGR of 8.14% during the forecast period. Growing need for APS systems for anti-tank threat protection will drive healthy market growth over the forecast period, says Fortune Business Insightsin a report titledActive Protection Systems Market, 2021-2028. » The market size stood at USD 2.81 billion in 2020.

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List of Key Companies Profiled in the Global Active Protection Systems Market are:

  • Airbus SAS (Netherlands)
  • Artis, LLC (USA)
  • Aselsan AS (Turkey)
  • Israel Military Industries (Israel)
  • KBM (Russia)
  • Rafael Advanced Defense Systems Ltd. (Israel)
  • Raytheon Technologies Corporation (USA)
  • Rheinmetall AG (Germany)
  • Saab AB (Sweden)
  • Saffron (France)

Report Scope and Segmentation:

Report cover Details
Forecast period 2021-2028
Forecast CAGR 8.14%
2029 value projection $4.61 billion
base year 2020
Historical data 2017-2019
Number of pages 200
Segments Covered By skill system type, by solution, by platform
Active Protection System Market Growth Drivers Acquisition of a state-of-the-art Main Battle Tank (MBT) to facilitate business development

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Market segments:

Based on the platform, the active protection market is classified into land, airborne and marine. Further, the land system is divided into main battle tank (MBT), light protected vehicles (LPV), armored amphibious vehicles (AAV), mine anti-ambush protected (MRAP), infantry fighting vehicles (IFV ), armored personnel carriers. (APC), and others. The ground segment held a dominant share in 2020 due to increased funding from private companies to purchase defense equipment and combat vehicles for the US government.

The Airborne segment is classified into fighter aircraft, transport aircraft and trainer aircraft. The Airborne segment is expected to register a higher CAGR attributed to the growing demand for fifth-generation fighter jets from Japan and India.

Based on the analysis of destruction system type, the market is segregated into soft destruction system, hard destruction system and reactive armor. The Soft Kill system is classified as an electro-optical jammer, radar decoy, infrared decoy and others.

Impact of COVID-19:

Delayed APS deliveries to prevent market during coronavirus

The COVID-19 pandemic has had a dramatic impact on the defense industry. The lockdowns implemented in countries across Europe and South Asia have massively disrupted the supply chain for the aerospace and defense industry. Reduced demand and delayed deliveries of APS have led to a huge loss for the active protection system market.

For example, the Republic of Korea Armed Forces planned to cut the defense budget by $240 million in 2019-20. In addition, the demand for defense equipment and services related to active protection systems has been massively affected due to the low defense budget of the European Union. Additionally, declining defense spending and slow production of APS has thwarted market growth.

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Driving factor:

Acquisition of a state-of-the-art Main Battle Tank (MBT) to facilitate business development

The expansion of the armed forces due to geopolitical conflicts and illegal cross-border activities will create opportunities for the active protection systems industry in the coming years. For example, China and India have expanded their armed forces due to cross-border conflicts.

Rising defense spending and purchase of new generation main battle tanks will drive the market in the coming years. For example, in February 2021, the Indian Ministry of Defense and the Ordnance Factory Board (OFB) signed a contract to supply 118 Arjun Mk-1A tanks to the Indian Army. These tanks are equipped with active protection systems and countermeasure systems.

Similarly, in November 2019, the Indian Ministry of Defense (MoD) and the Ordnance Factory Board (OFB) signed a contract worth USD 2,800 million to offer 464 T-90S Main Battle Tanks (MBTs) additions to the Indian Army. T-90S main battle tanks are also equipped with APS. Additionally, increasing purchases of MBT in South Asian countries may have an exceptional effect on the growth of active protection system market.

Regional overview:

Existing players to boost business in North America

The North America market size stood at USD 0.95 billion in 2020. The growth is due to the presence of several key players and major APS manufacturers in the region. Companies such as Artis, LLC and Raytheon Technologies Corporation are driving the growth of the market. The market in Europe is expected to grow exponentially over the forecast period owing to the growing demand for APS from the European Union Armed Forces.

For example, in October 2019, BAE Systems launched the RAVEN Countermeasure system for combat vehicles. The RAVEN Countermeasure system is a protective shield of its suite of integrated vehicle protection systems of APS products. Asia-Pacific is expected to hold a major active protection system market share during the forecast period owing to the increase in purchases of APS system from China. In addition, the strong demand for main battle tanks, armored personnel carriers, infantry fighting vehicles and amphibious armored vehicles from emerging economies like China and India will contribute to the development of the region. .

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Detailed Table of Contents:

  • Introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Major Industry Developments – Major Contracts and Agreements, Mergers, Acquisitions and Partnerships
    • Latest technological advances
    • Analysis of the five forces of carriers
    • Supply chain analysis
  • Quantitative Insights – Impact of COVID-19 Pandemic on Global Active Protection Systems Market
    • Impact of the COVID-19 Pandemic on the Global Active Protection Systems Market
    • Measures taken by industry/business/government to overcome the impact
    • Key development in the industry in response to the COVID-19 pandemic
    • Potential opportunities due to the COVID-19 outbreak

TOC Continued…!

Notable development:

January 2020: Elbit Systems and the Israeli Ministry of Defense (IMOD) have signed a contract worth $31 million for Iron Fist Active Protection Systems (APS). The APS system consists of optical sensors, launchers, countermeasure munitions and tracking radar.

The APS system is mainly used for Eitan armored fighting vehicles of the Israel Defense Forces.

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