According to the new research report published by The Insight Partners, titled “Military Vehicle & Aircraft Protection Systems Market – Global Analysis and Forecast to 2025”, the global Military Vehicle & Aircraft Protection Systems Market is expected to reach US$ 4.92 billion in 2025, registering a CAGR of 3.2% during the forecast period 2017-2025. In 2017, North America accounted for the largest revenue share of total market share, followed by Europe.
The growth of military vehicle & aircraft protection systems 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.
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Military Vehicle & Aircraft Protection Systems 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 Military Vehicle & Aircraft Protection Systems Market is a consolidated market with number of players operating in the field. The major companies operating in the market includes AmSafe Bridport, Plasan, RUAG AG, General Dynamics Ordnance & Tactical Systems, and Ensign- Bickford Aerospace & Defense Company. Also, QinetiQ North America, TenCate Advanced Armor, MDT Armor, Rheinmetall AG, and MKU Limited are some other important players in the Military Vehicle & Aircraft Protection Systems Market
The global Military Vehicle & Aircraft Protection Systems Market has been segmented as follows:
Military Vehicle & Aircraft Protection Systems Market – By Vehicle Armour Type
Military Vehicle & Aircraft Protection Systems Market – By Aircraft Type
Military Vehicle & Aircraft Protection Systems Market – By Aircraft Armour Type
Pilot Seat Protection
Military Vehicle & Aircraft Protection Systems Market- By Region
North America: US, Canada and Mexico.
Europe: France, Germany, Italy, UK, Russia and Rest of Europe.
Asia Pacific (APAC): China, India, South Korea, Japan, Australia and Rest of APAC.
Middle East and Africa (MEA): South Africa, Saudi Arabia, UAE and Rest of MEA.
South America (SAM): Brazil, Argentina and Rest of SAM.
The Military Vehicle & Aircraft Protection Systems Market is broadly segmented into five major regions North America, Europe, APAC, MEA, and SAM. The Military Vehicle & Aircraft Protection Systems Market 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 Systems 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 market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
In 2018, Plasan Sasa appoints Colonel John Cavedo, Jr. (RET) as vice president of business development and program management.
In 2018, BAE Systems and Patria selected RUAG Australia to manufacture the advanced high-level protection for their Combat Reconnaissance Vehicle (CRV) the AMV35. The agreement substantially boosts Australia’s capability in the area of advanced protection solutions and means ballistic armour for the AMV35 will be manufactured in Australia by Australians.
In 2018, General Dynamics Corp. signed a contract of worth $33.8 million for production of Army Ground Mobility Vehicle (AGMV) with U.S. Army Contracting Command. The AGMV’s open design delivers the capability to modify the vehicle to accept already developed kit configurations such as manned turrets and remote, armour & arctic kits.
Europe also held the second largest market share in 2017. For the year 2017, the Europe accounted for nearly 20% of the global military expenditure, which amounted to US$ 342 Bn. However, the total spending by Europe was about 2.2% lesser than in 2016. From 2016 to 2017, the military spending in Central Europe had increased by 12%, and in fell substantially in Eastern Europe by nearly 18%, and in Western Europe the spending increased by 1.7%. Some of the major spenders in European provinces include France, U.K, Germany and Italy. The increased spending in the Central as well as Western Europe is majorly driven by the increasing threat from the Russian activities, due to which the countries belonging to Eastern and Western parts of Europe have realized the need for up-gradation of their military capabilities. These capabilities also included retrofitting and updating of the armored vehicles and aircrafts with protections systems such as RPG Net and other armor protection systems.
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