Active Protection System Market to see Rapid Growth by 2029

Active protection system market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. Nowadays, emerging economies, such as China and India are expanding their armed forces owing to geopolitical conflicts and illegal cross-border activity of terrorists. Increasing defense expenditure and procurement of new generation main battle tanks drive the market growth. For instance, in February 2021, India's defense ministry and the Ordnance Factory Board (OFB) had signed a contract to provide 118 Arjun Mk-1A tanks for the Indian army. These tanks are equipped with active protection system and countermeasure systems.

An active protection system is a close-in weapon system (CIWS) that acts as the last line of defense and is deployed to prevent the incoming projectile from having a direct impact on the target. The phenomenal increase in military budgets of developing and developed nations is further supporting the growth of the active protection system market. Modernization of existing fleets in the naval and land platforms will invite promising growth for the active protection system industry. However, the high-ended maintenance cost is required to upgrade the active protection system to improve the main battle tank's defending capacity, light-protected vehicles, and amphibious armored vehicles. Therefore, the necessity to upgrade active protection system is hindering industry growth opportunities.

The COVID-19 pandemic is reflecting a negative impact on the defense industry. The manufacturing facilities of the aerospace and defense industry got affected due to the lockdown implemented in European and Asia-Pacific countries. The global economy was affected by the disruption of the supply chain and reduced global demand. The reduction in demand for an active type of protection system and delayed deliveries of active protection system has changed the dynamic of this industry.

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Active Protection System Market Segmentation

By Platform

Land
Naval
Airborne 

By Kill System Type

Soft Kill System
Hard Kill System
Reactive Armor

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Regional Analysis                                                                                                                                                                            

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Company Profiles 

Airbus S.A.S.
Artis, LLC
ASELSAN A.S.
BAE Systems plc
Elbit Systems Ltd.
General Dynamics Corp.
IMI Systems Ltd.
Israel Military Industries Ltd.
KBM Corp.
Kongsberg Gruppen ASA
Leonardo S.p.A.
Rafael Advanced Defense Systems Ltd.
Raytheon Technologies Corp.
Rheinmetall AG
Rostec State Corp.
Saab AB
Safran Group
Thales Group

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