The military vehicle & aircraft protection system market is broadly segmented into five major regions North America, Europe, APAC, MEA, and SAM. The market for military vehicle & aircraft protection system is experiencing a steady growth rate over the periods, as the defense forces in the developed countries such as the US, the UK, Russia and China among others are incorporating these upgrades into their military ground vehicles as well as transport aircrafts. The military vehicle & aircraft protection system market consists of established companies as well as new entrants, who invest substantial amounts and time to design and develop technologically enhanced, and advanced material types and robust systems in order to satisfy the client’s requirement.
The growth of military vehicle & aircraft protection system market is the current scenario is attributed to the rapid deployment of military personnel and military vehicles at various isolated and remote locations for peacekeeping missions and deter different threats. Growing political tensions amongst the warring nations of the world have propelled the countries to adopt a powerful military approach in order to safeguard national interests.
The augmented demand for securing the country’s borders and international territories, combined with technologically enhanced systems and equipment, intensifies the demand for up gradation and retrofitting of armoured vehicles. The military spending in developed countries, as well as developing countries, are fluctuating in the current scenario, which has led to the procurement of newly developed vehicles to witness a slowdown. However, owing to the fact that, several countries worldwide are continuously witnessing cross-border tensions and enemy activities, which is pressurizing the defense forces of the respective countries as well as the foreign defense forces posted in these regions to upgrade their land vehicles as well as aircraft with technologically enhanced systems. This is also facilitating the military retrofitting market to propel over the years. Referring to the armour protection technologies used on the land vehicles and on to the aircraft, are mainly assembled post-purchase and depending upon the need as per the situation. The significant rise of retrofitting trend among the defense forces is fueling the growth of military vehicle and aircraft protection system market in the current scenario, and the trend is foreseen to remain similar in the coming years, thereby anticipating to drive the market
Based on vehicle armour type, the RPG nets segment dominated lead the global military vehicle & aircraft protection system market in 2017. The major benefit of RPG nets is attributed to the lightweight property of the system when compared to traditional armoured technologies. The military vehicles traverse through various rough terrain, which demands easy maneuverability, and weight is a prime factor impacting maneuverability. The reduction in weight in explosive protection system is gaining attraction of several defense forces, thereby by adoption rate of such vehicle component is anticipated to witness an upsurge over the next few years.
Based on aircraft type, the helicopters segment dominated the global military vehicle & aircraft protection system market in 2017. The increase of helicopters in warring operations have led the defense forces to adopt the armouring technology and upgrade the rotary wing aircrafts with lightweight, durable and reliable ballistic protection armours.
Based on aircraft armour type, the cockpit protection dominated the global military vehicle & aircraft protection system market in 2017. The increase in demand for securing critical aircraft data, and the crew safety, the demand for cockpit protection armour is also increasing in the current market scenario. Similar trend is anticipated to remain throughout the forecast period, which is foreseen to boast the market growth till 2025
The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
The regional trends and factors influencing the Military Vehicle & Aircraft Protection Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Military Vehicle & Aircraft Protection Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2017 | US$ 3.86 Billion |
Market Size by 2025 | US$ 4.93 Billion |
Global CAGR (2017 - 2025) | 3.2% |
Historical Data | 2015-2016 |
Forecast period | 2018-2025 |
Segments Covered |
By Vehicle Armour Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Military Vehicle & Aircraft Protection Systems Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Military Vehicle & Aircraft Protection Systems Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The global military vehicle & aircraft protection system market has been segmented as follows:
The List of Companies
1. Amsafe Birdport
2. PLASAN
3. RUAG AG
4. General Dynamics Ordnance & Tactical Systems
5. Ensign- Bickford Aerospace & Defense Company
6. QinetiQ North America
7. Tencate Advanced Armor
8. MDT Armour
9. Rheinmetall AG
10. AMEFO