Market Share of Active Protection Systems Industry
The active protection systems market is consolidated in nature due to presence of few players holding significant shares in the market. Some of the key players in the market are RTX Corporation, Leonardo S.p.A., BAE Systems plc, Rheinmetall AG, and Rafael Advanced Defense Systems Ltd. The growing demand for APS is fostering R&D for new optronics and sensor subsystems. Meanwhile, companies are trying to expand their geographical presence in emerging markets such as Asia-Pacific. Collaborations, strategic partnerships, and continuous innovation are key strategies employed by market players to maintain and expand their market share.
Furthermore, the focus on enhancing product performance, reliability, and cost-effectiveness remains crucial in shaping competitive dynamics. For instance, in September 2022, Rafael Advanced Defense Systems Ltd. completed the acquisition of Pearson Engineering Ltd. (UK). The acquisition includes Pearson’s metalworks subsidiary company Responsive Engineering Ltd. Pearson and Responsive manufacture tank turret structure and is supported by Rafael for the UK MOD Challenger 3 program. Post acquisition, Pearson would be able to locally manufacture and integrate the TROPHY active protection system, providing the highest level of protection to the crew.
Active Protection Systems Market Leaders
Leonardo S.p.A.
BAE Systems plc
Rheinmetall AG
RTX Corporation
Rafael Advanced Defense Systems Ltd.
*Disclaimer: Major Players sorted in no particular order
