The global military vehicle & aircraft protection systems market is expected to grow to US$ 4,925.45 Million by 2025 from US$ 3,857.0 Million in 2017, growing at a CAGR of 3.2%.
The military vehicle and aircraft protection systems market is a combination of military vehicle protection systems and aircraft protection systems markets. In the wake of rising threats to the integrity and peace of a country due to the active operations of the extremist forces and many other forces across the globe, the need to upgrade the military armory has become a mandate for each country.
The defense forces across the globe are experiencing a significant rise in asymmetric warfare in several regions of the world. Owing to which the major defense forces are deploying their troops overseas in order to control and minimize the war or terrorism. In order to deploy increased numbers of military troops, the defense forces are also procuring and deploying substantial figures of land vehicles and aircraft. However, determining the nukes of an enemy is inevitable which results in increased human casualties and vehicle destruction. Pertaining to this fact, the defense forces and various defense contractors based in North America, Europe, and Asia regions, have innovated and developed robust ballistic protection systems for human personnel, land vehicles and aircraft. This has enabled significant growth in the military vehicle and aircraft protection systems market.
The land vehicles are assembled with RPG nets or reactive armours such as explosive reactive armour (ERA), self-limiting explosive reactive armour (SLERA), non-energetic reactive armour (NERA) and non-explosive reactive armour (NxRA). For the aircraft and helicopters, different ballistic protection includes; cockpit protection, floor protection, structural protection, and pilot seat protection. These constitute the product portfolio provided by the manufacturers operating in the military vehicle and aircraft protection systems market. Further, the military vehicle and 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 and aircraft protection systems market is experiencing a steep demand in terms of procurement among various defense forces. Attributing to the enormous demand for such armour protection system, the well-established defense contractors in North America, Europe, Asia Pacific, and Middle East and Africa are continuously innovating and developing robust technology, lightweight and reliable armour protection for military land vehicle and aircraft / helicopters. The well-established and well recognized companies such as General Dynamics Corporation, TenCate Advanced Armour, QinetiQ North America, RUAG AG, and Rheinmetall AG among others. The existing manufacturers acquire most of the contracts from the major defense forces and garner larger shares in the military vehicle and aircraft protection systems market.
The military vehicle and aircraft protection systems market report focuses on an in-depth segmentation of the military vehicle and aircraft protection systems market based on vehicle armour types, aircraft types, aircraft armour types. The geographic segmentation of the military vehicle and aircraft protection systems market covers major regions including; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). Some of the other prominent players operating in the military vehicle and aircraft protection systems market globally includes Plasan, MKU Limited, AmSafe Bridport, Ensign-Bickford Aerospace and Defense Company, and MDT Armour Corporation among others.