The Active Protection System (APS) Market is poised for substantial expansion, projected to increase from USD 3.9 Billion in 2022 to USD 5.2 Billion by 2027, reflecting a CAGR of 5.5% within the forecast period. This market surge is driven by the rising demand for safeguarding armored vehicles against adversarial threats, predominantly in military applications.
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Defining Active Protection Systems
Active Protection Systems find their predominant use in military contexts, particularly in enhancing the security of armored fighting vehicles against enemy fire. These systems are deployable across various platforms such as tracked or wheeled armored fighting vehicles, combat helicopters, naval warfare ships, and more. Equipped with modular optoelectronic sensor systems, target acquisition systems, digital radar processors, and thermal imaging devices, APS offers optimized field surveillance and combat capabilities under diverse visibility conditions. The intensification of cross-border conflicts has directly contributed to the proliferation of APS deployment, as nations look to bolster their armored vehicle fleets.
Global Deployment and Innovations
Leading armed forces such as the US Army and Israeli defense forces have undertaken pragmatic evaluations of a multitude of active protection systems developed by prominent entities like Raytheon (US), Artis LLC (US), Israel Military Industries (Israel), and Rafael Advanced Defense Systems (Israel). These analyses culminate in the integration of APS into their armored vehicles, illustrating the significance of APS as a force multiplier.
For example, Hungary awarded a contract to Germany's Rheinmetall AG in January 2022 for the installation of StrikeShield hard-kill APS on 209 Lynx infantry fighting vehicles. Similarly, in the same month, the US Army engaged Unified Business Technologies (UBT) and Rheinmetall Protection Systems to assess the StrikeShield APS at the Redstone Test Center, Huntsville, Alabama.
Market Segmentation and Dynamics
The APS market encompasses various segments, including the Defense sector which holds the largest share in terms of value. Military APS applications are vital for safeguarding armored vehicles, driving their proliferation. The ground segment is predicted to exhibit the highest Compound Annual Growth Rate (CAGR) during the forecast period, attributed to the increasing focus on countering improvised explosive devices (IEDs) and the integration of anti-IED technologies with APS for enhanced security.
Europe emerges as the leader in the APS market value-wise, with significant investments by top European economies like the UK, France, and Germany to modernize their military capabilities for asymmetric warfare scenarios. This strategic emphasis is anticipated to stimulate considerable growth in the European APS market.
Key Players and Market Scope
Prominent global players in the APS domain include Rheinmetall AG (Germany), Saab AB (Sweden), Raytheon Company (US), Airbus (Netherlands), and ASELSAN AS (Turkey), among others. These industry leaders are at the forefront of driving APS innovation and adoption.
Market Dynamics: Opportunities and Challenges
The APS market is shaped by various dynamics. The development of advanced combat systems is driven by increasing defense budgets in economies like China, India, Brazil, and South Africa. These countries are propelling the growth of APS by investing in defense capabilities.
High development and maintenance costs, a challenge in the APS market, are partly attributed to radar system expenses. Radar systems, integral to APS, demand substantial investments for research, development, manufacturing, and integration. Despite the cost hurdle, these systems remain crucial for accurate threat detection and engagement.
Opportunities lie in developing secure networks against cyber-attacks, as the defense industry faces mounting cybersecurity threats. With the increase in cyber incidents globally, providing robust network security becomes pivotal.
Weapon integration presents a challenge, particularly concerning differing international standards. Integrating APS with non-standard weapons necessitates substantial modifications and modernizations, posing complexities in the integration process.
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The Active Protection System Market showcases robust growth prospects driven by increasing cross-border conflicts and the imperative to safeguard armored vehicles. Leading players in the APS domain are innovating and collaborating to enhance APS capabilities. However, challenges such as cost constraints and integration complexities must be addressed. As defense budgets rise and technological advancements continue, the APS market is poised for an era of transformation and growth.
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The global active protection system market size is expected to reach USD 4.61 billion in 2028, exhibiting a CAGR of 8.14% during the forecast period.
COVID-19 Impact:Delayed Deliveries of APS to Inhibit Market During CoronavirusThe COVID-19 pandemic had a dramatic impact on the defense industry.
The lockdown implemented in European and South Asian Countries massively disrupted the supply chain of the aerospace & defense industry.
(Netherlands)Artis, LLC (The U.S.)Aselsan A.S. (Turkey)Israel Military Industries (Israel)KBM (Russia)Rafael Advanced Defense Systems Ltd. (Israel)Raytheon Technologies Corporation (The U.S.)Rheinmetall AG (Germany)Saab AB (Sweden)Safran (France) Market Segments:Based on the platform the active protection market is classified into land-based, airborne, and marine.
What does the report on the active protection system market feature?An all-inclusive study of the marketEssential facts about prominent playersMain regions in the marketKey drivers and trendsSignificant development Driving Factor:Procurement of Cutting-edge Main Battle Tank (MBT) to Aid Business DevelopmentThe expansion of armed forces due to geopolitical conflicts and illegal cross-border activities will spur opportunities for the active protection system industry in the forthcoming years.
Also, the increasing procurement of MBT across South Asian Countries can have an outstanding effect on the active protection system market growth.
