Protection system

Active protection systems market worth $5.2 billion by 2027

CHICAGO, August 26, 2022 /PRNewswire/ — Active Protection Systems Market should go from $3.9 billion in 2022 at $5.2 billion by 2027, at a CAGR of 5.5% from 2022 to 2027, according to a new report from MarketsandMarkets™. Growing adoption of advanced military technologies for homeland security is one of the major factors driving the demand for active protection systems market.

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By platform, the land segment is expected to dominate the market over the forecast period.

Active protection systems amplify the defensive capabilities of land platforms and provide greater security to soldiers in wartime and counter-terrorism operations. Active Protection Systems can be mounted on land based platforms such as Main Battle Tanks (MBT), Light Protected Vehicles (LPV), Infantry Fighting Vehicles (IFV), Armored Amphibious Vehicles (AAV ) and Mine Resistant Ambush Protected (MRAP) vehicles, among others. The goal is to arm these combat vehicles and wheeled tactical vehicles with additional protective technology to protect platforms and soldiers from enemy fire.

By end user, the defense segment has the highest share during the forecast period.

The defense end-use market is huge, as active protection systems can be mounted on almost any platform, such as combat vehicles, warships, and military aircraft. The main function of active protection systems is to intercept, jam, confuse and destroy incoming threats. These systems are widely used by defense forces for the survival of their war platforms in combat scenarios. They have also been adopted by homeland security agencies to minimize threat damage in radical and tense environments.

The soft destruction systems segment has the highest share during the forecast period.

Soft Kill systems are widely used on most warfare platforms around the world to confuse and deflect threats from targets. Soft elimination measures include the deployment of chaff, decoys, smoke, lasers, and jammers, among others, depending on the type of threat to be engaged. These systems can duplicate the signature of the protected platform and can disrupt the incoming threat’s line of sight. This segment has been divided into electro-optical jammers, radar decoys, infrared decoys and others.

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Europe has the highest share during the forecast period.

The market for active protection systems in Europe has been studied for RussiaGreat Britain, Germanyand France. It is planned to move from $1,199 million in 2022 at $1,600 million by 2027, at a CAGR of 5.9% over the forecast period, driven by the emergence of Russia as a growing superpower in the region, forcing other European economies to develop and modernize their military capabilities. Moreover, the recent RussiaUkraine conflicts and terrorist attacks in different parts of the Europe by the Islamic State of Iraq and Syria (ISIS) are also fueling the demand for active protection systems in the region.

Key players in the active protection systems market include Rheinmetall AG (Germany), Saab AB (Sweden), Raytheon Company (USA), Airbus (Netherlands) and Aselsan AS (Turkey). The players are mainly using contracts to accelerate their growth in the active protection system market. Players have also focused on entering new markets by launching technologically advanced and cost-effective products.

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SOURCE Markets and Markets