Global Anti-Tank Active Protection System Market Size, Share, and COVID-19 Impact Analysis, By Type (Soft Kill System and Hard Kill System), By Application (Air Defense and Ground Defense), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Aerospace & Defense

RELEASE DATE Nov 2024
REPORT ID SI7242
PAGES 219
REPORT FORMAT PathSoft

Global Anti-Tank Active Protection System Market Insights Forecasts to 2033

  • The Global Anti-Tank Active Protection System Market Size was Valued at USD 4.19 Billion in 2023
  • The Market Size is Growing at a CAGR of 8.77% from 2023 to 2033
  • The Worldwide Anti-Tank Active Protection System Market Size is Expected to Reach USD 9.71 Billion by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

Global Anti-Tank Active Protection System Market

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The Global Anti-Tank Active Protection System Market Size is Anticipated to Exceed USD 9.71 Billion by 2033, Growing at a CAGR of 8.77% from 2023 to 2033.

 

Market Overview

The objective of an anti-tank active protection system (APS) is to stop anti-tank arms from destroying a vehicle by using sensors, launchers, tracking radar, and countermeasure ammunition. Using the help of APSs, ground combat vehicles can be more resilient to threats such as recoilless rifles, anti-tank-guided missiles, and rocket-propelled grenades. In addition to a focus on technologies that improve the survivability of armored vehicles, the anti-tank active protection system (APS) market is a quickly developing segment of the defense market. For Instance, In October 2024, the first Leopard 2 tank equipped with the Israeli TROPHY Active Protection System, established by RAFAEL Advanced Defense Systems, was launched by the German and Israeli ministries of defense. Increased consumer awareness, the adoption of new technologies, and innovative product development are some of the factors driving the growth of the anti-tank active protection system market. Technological developments and ongoing innovation are essential to the growth of the anti-tank active protection system market.     

 

Report Coverage

This research report categorizes the anti-tank active protection system market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the anti-tank active protection system market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the anti-tank active protection system market.

 

Global Anti-Tank Active Protection System Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023 :USD 4.19 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :8.77%
2033 Value Projection:USD 9.71 Billion
Historical Data for:2019-2022
No. of Pages:219
Tables, Charts & Figures:110
Segments covered: By Type, By Application, By Region
Companies covered::Rafael Advanced Defense Systems, KBM, Israel Military Industries, Rheinmetall AG, Raytheon Company, Artis, LLC, Saab AB, Aselsan, Safran Electronics & Defense, Airbus Defense and Space, and Others.
Pitfalls & Challenges:Covid-19 Empact, Challenges, Growth, Analysis.

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Driving Factors

The necessity to improve armored vehicle’s ability to survive in high-threat situations is driving the anti-tank active protection systems market. The market is expanding due in large part to rising consumer awareness and demand for anti-tank active protection system products and services. New technologies frequently result in better products, more effective operations, and better customer experiences, which drive demand and expand the market growth. Government programs and supportive regulatory frameworks can stimulate market growth by encouraging investments, lowering entry barriers, and driving innovation in the anti-tank active protection system market.     

 

Restraining Factors

Research, development, and implementation of anti-tank active protection systems demand a large financial commitment. Their adoption can be restricted by the high expense of purchasing and maintaining these systems.   

 

Market Segmentation

The anti-tank active protection system market share is classified into type and application.  

  • The hard kill system segment is estimated to hold the largest market revenue share through the projected period.  

Based on the type, the anti-tank active protection system market is classified into soft kill system and hard kill system. Among these, the hard kill system segment is estimated to hold the largest market revenue share through the projected period. The strong demand and increased investment in creating the next-generation hard kill system are driving the development of hard kill systems. These consist of directed energy weapons like short-range air defense or counter-hypersonic air defense.      

 

  • The ground defense segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the anti-tank active protection system market is divided into air defense and ground defense. Among these, the ground defense segment is anticipated to hold the largest market share through the forecast period. The necessity for APS in ground defense applications is driven by the growing requirement for improved vehicle survivability on the battlefield, especially in contemporary conflict settings where the deployment of anti-tank missiles and precision-guided munitions is common.    

 

Regional Segment Analysis of the Anti-Tank Active Protection System Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the anti-tank active protection system market over the predicted timeframe.

 

North America

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North America is anticipated to hold the largest share of the anti-tank active protection system market over the predicted timeframe. The market in North America benefits from high consumer preferences for innovative products as well as significant technology improvements. Strong defense budgets and continuous military modernization initiatives by major regional nations like the United States and Canada are primarily responsible for development.   

 

Asia Pacific is expected to grow at the fastest CAGR growth of the anti-tank active protection system market during the forecast period. The rising industrialization, urbanization, and rise in disposable incomes create the Asia-Pacific region a profitable growth hub. Several variables, including growing defense budgets and modernization priorities in nations like China, South Korea, and India, contribute to rapid growth.  

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the anti-tank active protection system market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Rafael Advanced Defense Systems
  • KBM
  • Israel Military Industries
  • Rheinmetall AG
  • Raytheon Company
  • Artis, LLC
  • Saab AB
  • Aselsan
  • Safran Electronics & Defense
  • Airbus Defense and Space
  • Others  

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs) 

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the anti-tank active protection system market based on the below-mentioned segments: 

 

Global Anti-Tank Active Protection System Market, By Type

  • Soft Kill System
  • Hard Kill System

 

Global Anti-Tank Active Protection System Market, By Application

  • Air Defense
  • Ground Defense

 

Global Anti-Tank Active Protection System Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the anti-tank active protection system market over the forecast period?
    The anti-tank active protection system market is projected to expand at a CAGR of 8.77%during the forecast period.
  • 2. What is the market size of the anti-tank active protection system market?
    The Global Anti-Tank Active Protection System Market Size is Expected to Grow from USD 4.19 Billion in 2023 to USD 9.71 Billion by 2033, at a CAGR of 8.77% during the forecast period 2023-2033.
  • 3. Which region holds the largest share of the anti-tank active protection system market?
    North America is anticipated to hold the largest share of the anti-tank active protection system market over the predicted timeframe.

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