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Active Protection System Market Size

Report ID: GMI10315 Published Date: July 2024Report Format: PDF
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Active Protection System Market Size

Active Protection System Market was valued at USD 4.25 billion in 2023 and is anticipated to grow at a CAGR of over 6.5% between 2024 and 2032. The imperative to augment operational efficacy and resilience against dynamic adversaries is the primary catalyst behind the surge in military vehicle modernization endeavors. To preserve supremacy in combat, military vehicles must have their armor, communication systems, and firing capabilities updated. As enemies create more sophisticated weapons and strategies, countries make investments in modernization to provide their forces with cutting-edge vehicles that can withstand contemporary challenges.

 

Active Protection System Market

The increasing danger posed by anti-tank missiles propels the development of active protection systems (APS) since stronger defenses against these formidable armaments are required. Because of their accuracy and destructive strength, anti-tank missiles are a serious threat to armored vehicles, hence having good countermeasures is essential to the survival of the vehicle. Quick-reacting interceptors and radar-based sensors are examples of APS technologies that are intended to identify and stop approaching missiles before they reach their targets, reducing damage and safeguarding car occupants. The growing threat environment emphasizes how crucial APS development and deployment are to reducing the hazards associated with anti-tank missiles and guaranteeing armed forces' operational readiness.

As military vehicle architectures are complicated, integrating them with existing vehicle systems presents a substantial challenge. Active protection systems (APS) retrofitting entails matching new technology to a variety of vehicle subsystems, such as armor, sensors, and communications, which calls for rigorous testing and engineering. Possible compatibility problems could need significant changes, which could postpone deployment, increase expenses, and possibly impair vehicle performance. Robust integration techniques and tight cooperation between APS developers and vehicle manufacturers are necessary to properly address these problems and enable smooth integration without compromising overall vehicle reliability and mission effectiveness.

Author: Suraj Gujar, Sandeep Ugale
Frequently Asked Question(FAQ) :

How big is the active protection system market?+

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.

Why is the demand for active protection reactive armor surging?+

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.

What is the size of the North America active protection system market?+

North America active protection system industry registered 30% share in 2023, attributed to substantial defense budgets, advanced military infrastructure, and continuous technological innovations.

Which key players are operating in the active protection system market?+

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.

Active Protection System Market Scope

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