Active Protection Systems Market |
Active protection systems (APS) are anti-weapon defense system employed on armored fighting vehicles and tanks that protect them against incoming anti-tank missiles and rockets. An APS utilizes sensors for detecting the threat, followed by countermeasures that include projectile interceptors, direct energy weapons or smoke screens to neutralize the threat. The increasing modernization initiatives by militaries worldwide coupled with rising defense budgets is stimulating the demand for advanced protection systems for tanks and armored vehicles.
The Global active protection systems market is estimated to be valued at US$ 4.30 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031.
Active Protection Systems Market Growth provides effective self-defence solutions and are becoming an integral part of the protection suites being developed for next-gen armored platforms. These systems play a crucial role in saving lives on battlefields by protecting tanks and military vehicles from advanced anti-tank guided missiles.
Key Takeaways
Key players operating in the active protection systems 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. These companies are investing heavily in the R&D of advanced APS technologies and forging strategic collaborations to strengthen their presence in potential growth markets.
The key opportunities in the market include growing contracts for integrating APS onto new armored vehicle programs and fleet upgrades of existing platforms. Furthermore, increasing export of armored vehicles from major producers along with cross-border defense cooperation is fueling the international expansion of APS manufacturers. For instance, Artis recently partnered with Turkish company Aselsan to develop and produce Trophy APS for the MBT Altay program.
Market Drivers
Growing defense expenditures: Rising defense budgets of major militaries globally is stimulating investments in modern armored vehicles with improved survivability. This will drive the integration of active protection systems for tanks and IFVs over the forecast period.
Developments in threats: The proliferation of advanced anti-tank weapons necessitates the deployment of countermeasures for protection. Ongoing advances in threat lethality is propelling the R&D of next-gen APS with enhanced capabilities.
Market Restraints
High costs: The development and procurement of active protection systems is capital intensive which impacts their large-scale adoption. This persists as a key restraining factor, especially for militaries with constrained modernization budgets.
Technological challenges: Designing APS capable of reliability detecting and intercepting a wide range of threats poses engineering challenges. Furtherminiaturization of components is required to integrate these systems on diverse armored platforms.
Segment Analysis
The Active Protection Systems market comprises segments like Soft Kill System, Hard Kill System. Hard Kill System is the dominating sub segment as it provides higher protection capability by intercepting and destroying incoming threats like rocket propelled grenades (RPGs), anti-tank guided missiles (ATGMs) etc. Hard kill systems work by firing interceptor weapons such as rockets to collide with and destroy incoming threats physically before they hit the protected vehicle.
Global Analysis
Regionally, North America holds the largest share in the Active Protection Systems market currently. This is attributed to continuous investment by the US military in fielding active protection technologies. However, the Asia Pacific region is projected to witness highest growth during the forecast period. Escalating defense budgets of major economies like India, China, Japan for military modernization will drive the demand for active protection systems in the region. Countries are upgrading their armored fighting vehicles and tanks with advanced self-protection solutions to gain an edge over adversaries.
Get more insights on Active Protection Systems Market
Comments
Post a Comment