Press release
Active Protection Systems Global Market 2024: Rising Threats and Military Modernization Propelling Growth
Active Protection Systems Global Market
Active Protection Systems market is projected to grow substantially, driven by increasing threats, rising defense investments, and military modernization programs.
What Is The Projected Market Size Of The Active Protection Systems Global Market Report 2024 And Its Growth Rate?
• The active protection systems market size has grown strongly in recent years. It will grow from $3.82 billion in 2024 to $4.03 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%.
• The market size is expected to grow substantially to $5.52 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%.
What Is Driving The Growth In The Active Protection Systems Global Market Report 2024?
The increase in terrorist activities and threats is expected to drive the growth of the active protection systems market in the coming years. These attacks introduce fear among the populace, and attacks target people or places. Active protection systems offer defense against short-range maneuverable projectiles like sea-skimming weapons and anti-tank-guided missiles. For example, in February of 2024, the Institute for Economics and Peace reported a 22% increase in terrorism-related deaths to a total of 8,352 fatalities in 2023. The substantial increase in terror incidents has led to an increased demand for active protection systems, driving the market's growth.
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Who Are the Key Players Driving Active Protection Systems Global Market Report 2024 Growth?
• Artis LLC
• Aselsan A.S.
• JSC Konstruktorskoye Byuro Mashinostroyeniya
• Krauss-Maffei Wegmann GmbH & Co. KG
• Rafael Advanced Defense System Ltd.
• Raytheon Technologies Corporation
• Rheinmetall AG
• SAAB AB
• Israel Military Industries Ltd.
• Airbus SE
• Safran SA
• IMI Systems Ltd.
• General Dynamics Corporation, Rostec State Corporation
• BAE Systems plc
• Leonardo S.p.A.
• Thales Group
• KBM Group
• Israel Aerospace Industries Ltd.
• Elbit Systems Ltd.
• Nexter Group SA
• Denel Dynamics Ltd.
• ST Engineering Ltd.
• AVX Aircraft Company LLC
• Textron Inc.
• Missile Systems
• Battlefields and Air Defense
• QinetiQ Group plc
• L3Harris Technologies Inc.
• Kongsberg Defence & Aerospace AS, Hanwha Defense Systems Corporation
What Are The Key Trends In The Active Protection Systems Global Market Report 2024?
• Advancements in interceptor technologies
• Growing adoption of soft-kill systems
• Development of next-generation hard-kill systems
• Integration of apps with other defensive systems
• AI and machine learning integration
What Are The Segments Of The Global Active Protection Systems Global Market Report 2024?
• By Solution: Hardware, Software
• By Kill System Type: Soft Kill System, Hard Kill System, Reactive Armor
• By Platform: Land-Based, Airborne, Marine
• By End Users: Defense, Homeland Security
Which Region Leads The Active Protection Systems Global Market Report 2024?
North America dominated the active protection systems market in 2024. Asia-Pacific is projected to be the fastest-growing region during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Active Protection Systems Global Market Report 2024 Global Market Report?
- Market Size Analysis: Analyze the Active Protection Systems Global Market Report 2024 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Active Protection Systems Global Market Report 2024 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Active Protection Systems Global Market Report 2024 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Active Protection Systems Global Market Report 2024.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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