The global active protection system market size was USD 3.01 billion in 2021. The market is anticipated to expand from USD 3.23 billion in 2022 to USD 5.69 billion by 2029, exhibiting a CAGR of 8.41% from 2022 to 2029. The growth can be attributed to the rising demand for high-energy laser based weapon systems.

This information is cited by Fortune Business Insights™ in its research report, titled “Active Protection System Market, 2024-2029”.

List of Key Players Mentioned in the Report:

• Artis LLC (U.S.)
• Aselsan A.S. (Turkey)
• Hensoldt AG (Germany)
• JSC Konstruktorskoye Byuro Mashinostroyeniya (Russia)
• Krauss-Maffei Wegmann GmbH & Co. KG (Germany)
• Lockheed Martin Corporation (U.S.)
• Rafael Advanced Defense Systems Ltd. (Israel)
• Raytheon Technologies Corporation (U.S.)
• Rheinmetall AG (Germany)
• SAAB AB (Sweden)
• Israel Military Industries Ltd. (Israel)

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/active-protection-system-market-104049

Segmentation:

Land-based Segment to Record Notable Rise Driven by Increasing Technological Advancements

On the basis of platform, the market is sub-divided into marine, airborne, and land-based. The land-based segment accounted for a commendable share in 2021 and is anticipated to record considerable growth throughout the forecast period. The rise can be credited to increasing technological advancements in soft kill systems.

High Adoption of APS amid Increased Procurement and Modernization of Main Battle Tank (MBT) to Bolster the Segmental Market Growth