Home Press Releases Active Protection System Market Size Worth $6.02 Billion By 2030 | CAGR: 5.4%

Active Protection System Market Size Worth $6.02 Billion By 2030 | CAGR: 5.4%

The global active protection system market size is expected to reach USD 6.02 billion by 2030, according to a new study by Polaris Market Research. The report “Active Protection System Market Share, Size, Trends, Industry Analysis Report, By Platform (Ground, Airborne, Marine); By Kill System; By End-Use (Defense, Homeland Security); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

 

The demand for the active protection system in the military and premilitary sector is rising owing to their scalability to mount on any platform to protect from enemy fire. Furthermore, increasing terrorist attacks due to geopolitical tension and penetration of asymmetric warfare are significant factors driving demand.

 

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The rising application of the method is majorly used in the aerospace and defense sector due to its viability and feasibility to be compatible with any combat management system is an essential factor in driving market growth. In addition, the modernization of armed forces and rapid advancement in the defense sector has resulted in the development of new generation anti-tank missiles which, when deployed with active protection, identify and neutralizes threats from the attacks, is expected to boost the market.

 

The COVID-19 pandemic had a negative impact on the demand for protection systems, as there was a significant decline in the manufacturing of defense equipment owing to the global lockdown. In addition, the government investment shifted more toward the healthcare sector, creating a reduction in the defense budget due to the increasing SARS-CoV-2 virus, which hampered the market during that period.

 

Active Protection System Market Report Highlights

  • The growing demand for the ground segment as they mount various battle vehicles and when these vehicles are incorporated with defense technology shields platform and soldiers providing reliability. 
  • The soft kill system accounted for the highest revenue share in 2021 and is expected to continue its dominance owing to its ability to mimic the protected platform’s signature and divert threats from the sight path.
  • The defense segment is expected to lead the market over the forecast period owing to the growing adoption of advanced weapons and novel technologies to protect combat vehicles, military ships, and aircraft from enemy fire.
  • Asia Pacific is expected to grow over the forecast period on account of several military expenditures, growing cross-border conflicts, and rising demand for cost-efficient active protection technology across developing nations in the region, such as India and China.
  • Major players operating in the industry include Airbus Group, Artis LLC, Aselsan A.S., IMI Systems Ltd, Israel Military Industries, JSC RPC KBM, Krauss Maffei Wegmann LLC, Rafael Advanced Defense Systems, Raytheon Company, Rheinmetall AG, Saab AB, Safran Electronics & Defense.

 

Polaris Market Research has segmented the active protection system market report based on platform, kill system, end-use, and region:

 

Active Protection System, Platform Outlook (Revenue – USD Billion, 2018 – 2030)

  • Ground
  • Airborne
  • Marine

 

Active Protection System, Kill System Outlook (Revenue – USD Billion, 2018 – 2030)

  • Soft Kill System
  • Hard Kill System
  • Reactive Armor

 

Active Protection System, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)

  • Defense
  • Homeland Security

 

Active Protection System, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
    • Latin America
  • Argentina
    • Brazil
    • Mexico
    • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

 

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