The global military vehicle & aircraft protection systems market accounted to US$ 3.87 Bn in 2017 and is expected to grow at a CAGR of 3.2% during the forecast period 2018 – 2025, to account to US$ 4.92 Bn by 2025.
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 fighter 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 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
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The manufacturers of military vehicle & aircraft protection systems are partnering with various other manufacturers or software companies in order to design, develop advanced technology products. Sometimes partnerships also include modification and improvement of capabilities, which increase the adoption rate of these protection systems. In June 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 armor for the AMV35 will be manufactured in Australia by Australians. Additionally, the growth of military vehicle & aircraft protection systems market is highly influenced by the significant rise in retrofitting activities among the defense forces. Several companies are offering the military forces to assemble RPG nets on the land vehicles in order to protect the vehicle from RPG hit. Similarly, various companies are providing the military forces with various types of reactive armors, and aircraft armor.
Military vehicle & aircraft protection systems market, based on the vehicle armor type, is segmented into RPG nets and reactive armor. The global military vehicle & aircraft protection system market by vehicle armor type was led by reactive armor segment. The various types of reactive armors available to the military forces include explosive reactive armor (ERA), self-limiting explosive reactive armor (SLERA), non-explosive reactive armor (NxRA), and non-energetic reactive armor (NERA). The reactive armors attached to the main battle tanks facilitates in defeating the incoming threats by the usage of High Explosive Anti-Tank (HEAT) warheads.
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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 fighter 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 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
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