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Rheinmetall AG and Raytheon Technologies Corporation hold a significant share in the Active protection system industty. Rheinmetall AG is a prominent German defense contractor specializing in automotive and defense technologies. The company is renowned for its innovative solutions in vehicle protection, weapon systems, and ammunition. Rheinmetall's defense sector develops advanced systems such as the Active Defense System (ADS) and various armor solutions for military vehicles. The company also produces a range of defense electronics, including sensors and command systems. With a strong focus on research and development, Rheinmetall continues to enhance its capabilities in providing cutting-edge technologies that improve the operational effectiveness and survivability of military forces worldwide.
Raytheon Technologies Corporation is a leading American aerospace and defense company formed from the merger of Raytheon Company and United Technologies Corporation. It specializes in advanced systems and technologies for defense and commercial aerospace markets. Raytheon Technologies is known for its expertise in missile defense, radars, avionics, and cyber solutions. The company produces a wide array of defense systems, including the SPY-6 radar, Patriot missile system, and various sensors and communication systems. With a strong emphasis on innovation and technology, Raytheon Technologies supports global security through its state-of-the-art defense and aerospace solutions.
Major players operating in the active protection system industry are:
The market size of active protection system was worth USD 4.25 billion in 2023 and will grow at 6.5% CAGR between 2024 and 2032, due to increasing global defense spending and the rising need for advanced military technologies to counter evolving threats.
Active protection system industry from the reactive armor segment will witness 7% CAGR through 2032, driven by its proven effectiveness in enhancing vehicle survivability against modern threats, including shaped charges and anti-tank missiles.
North America active protection system industry registered 30% share in 2023, attributed to substantial defense budgets, advanced military infrastructure, and continuous technological innovations.
Major companies operating in the active protection system industry are Rheinmetall AG, Raytheon Technologies Corporation, Airbus, Saab AB, Leonardo S.p.A., Lockheed Martin Corporation, and Artis LLC, among others.