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Active Protection Systems Market Is Driven By Emerging Demand For Survivability Solutions
The Active Protection Systems market involves the integration of multiple sensors and countermeasure technologies that are capable of detecting, tracking, and engaging incoming threats. These protection systems are becoming increasingly important for military vehicles, armored vehicles, and combat ships where it provides critical protection from various threats such as anti-tank missiles, rockets, and incoming projectiles. The key advantages of active protection systems include improved survivability, precision hard-kill, and flexibility in dealing with modern and evolving threats. With the changing nature of warfare technologies and asymmetric scenarios, the need for vehicle protection systems has also increased significantly.
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 from 2024 to 2031.
Key Takeaways
Key players operating in the Active Protection Systems market 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. Major players are focusing on strengthening their product portfolio and expanding their business through strategic mergers and acquisitions. For instance, in 2021, RAFAEL Advanced Defense Systems acquired Aeronautics Ltd to expand its presence in unmanned systems.
The demand for Global Active Protection Systems Market Size is growing significantly owing to the rising defense budgets of major economies and increasing instances of threats from projectiles, anti-tank guided missiles, and rockets. The increasing incidences of asymmetric warfare and rising conflict areas across the world are also driving the demand for vehicular protection systems.
Geographically, North America dominated the active protection systems market in 2024 owing to significant investments in defense technologies by the US and Canada. However, the market in Asia Pacific is expected to grow at the fastest pace during the forecast period due to the increasing spending on defense technologies by China, India, and other East Asian countries. Ongoing border conflicts and political uncertainties are factors that are fueling military modernization programs in the region.
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