Active Protection System Market

Rheinmetall AG (Rheinmetall), Saab AB (Saab) and ASELSAN AS (ASELSAN) are the Key Players in the Active Protection System Market

An active protection system is integrated into, or installed on, combat vehicles, naval ships, and military aircraft to automatically acquire, track, and respond to a variety of threats, including rocket-propelled grenade (RPG) and anti-tank guided missile (ATGM) attacks, with hard or soft kill capabilities. A number of countries employ these systems on the battlefield; they are also used by defense and homeland security agencies across the globe for combat, security, and patrolling operations, among others. The estimated active protection system market is USD 3.9 billion in 2022 and is projected to reach USD 5.2 billion by 2027, at a CAGR of 5.5% from 2022 to 2027.

The demand for active protection system has been growing at a very rapid pace in the past decade owing to the increasing digitalization and military spending globally. Unlike other markets, the active protection system market has not been as much affected by the COVID-19 pandemic since there was no decrease in the defense budgets of major countries. For instance, Turkey increased its defense spending in 2022 to USD 9.69 billion, which is around 20% more than that in 2021.

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Key players in the active protection system market include Rheinmetall AG (Germany), Saab AB (Sweden), Raytheon Company (US), Airbus (Netherlands), and ASELSAN AS (Turkey). These players have been focusing on securing government contracts for their organic growth. Their core competencies include high investments in R&D activities.

Rheinmetall AG (Rheinmetall) specializes in security and mobility solutions. With 25,000 employees in 2021 at 133 locations and production sites worldwide, it is a public limited company listed on the Frankfurt Stock Exchange under the ticker symbol RHM. Rheinmetall generated sales of USD 6.16 billion in 2021.

As an integrated technology group, Rheinmetall is a market leader in the sectors of environmentally friendly mobility and threat-appropriate security technology. It commands the foremost position as a global first-tier supplier to the automotive industry for modules and systems. Its products set the global standard for excellence in a wide array of disciplines: from vehicles, force protection, and weapon systems to infantry equipment and air defense, and from network-enabled warfare capabilities to electro-optics and simulation technology.

Saab AB (Saab) is a leading high-technology company with its main operations in defense, aviation, and civil security. Its operations are primarily focused on well-defined areas in defense electronics, advanced weapons systems, and command and control systems, as well as military and commercial aviation. Saab is also active in technical services and maintenance. It has a strong position in Sweden, and most of its sales are generated in Europe. In addition, Saab has a local presence in South Africa, Australia, the US, and other select countries. It is currently establishing competence hubs in different areas in these markets, including control & command systems in Australia and radar systems in the US. The aim is that competence will be shared with other regions, and these operational entities can export what they develop and produce to other countries. It creates innovative systems, products, and solutions at the forefront of technology to ensure that clients have advanced air security and defense capabilities.

Raytheon Technologies develops engineering technologies related to defense, government electronics, and information technology. It is one of the leading producers of guided missiles, anti-tank and anti-aircraft missiles, man-portable grenade launchers, and anti-tank and anti-aircraft guns. The company offers a Quick-Kill Active Protection System, which consists of rocket-propelled grenades and anti-tank missiles with surgical accuracy to prevent and counterattack threats by shooting them down.
Raytheon is one of the leading producers of guided missiles, anti-tank and anti-aircraft missiles, man-portable grenade launchers, and anti-tank and anti-aircraft guns. The company offers a Quick-Kill Active Protection System, which consists of rocket-propelled grenades and anti-tank missiles with surgical accuracy to prevent and counterattack threats by shooting them down.

Airbus has four decades of experience in providing and supporting defense services for militaries. Airbus provides interoperable and collaborative solutions in five major domains, which are Land, Air, Sea, Space, and Cyber. It is a global leader in space exploration and satellite imagery. It proves its multidomain superiority by combining more than 50 years of field-tested technology.

ASELSAN AS (ASELSAN) is the largest defense electronics company in Turkey whose capability/product portfolio comprises communication and information technologies, radar and electronic warfare, electro-optics, avionics, unmanned systems, land, naval and weapon systems, air defense and missile systems, command and control systems, transportation, security, traffic, automation, and medical systems. ASELSAN allocates 7% of its annual income for self-financed research & development activities.

Related Reports:

Active Protection System Market by End User (Defense, Homeland Security), Platform (Ground, Marine, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027

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Active Protection System Market Size,  Share & Growth Report
Report Code
AS 5138
RI Published ON
8/10/2022
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