In terms of revenue, the global military vehicle & aircraft protection system market was valued at US$ 3,857.0 million in 2017 and is projected to reach US$ 4,925.4 billion by 2025; it is expected to grow at a CAGR of 3.2% during the forecast period from 2018 to 2025.
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.
Lucrative Regional Military Vehicle & Aircraft Protection System Markets
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Market Insights–Military Vehicle & Aircraft Protection System Market
Significant Rise in Retrofitting Technology
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
Vehicle Armour Type Segment Insights
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.
Aircraft Type Segment Insights
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.
Aircraft Armour Type Segment Insights
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
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Military Vehicle & Aircraft Protection Systems Market: Strategic Insights
Market Size Value in US$ 3,857.0 Million in 2017 Market Size Value by US$ 4,925.4 Billion by 2025 Growth rate CAGR of 3.2% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Military Vehicle & Aircraft Protection Systems Market: Strategic Insights
| Market Size Value in | US$ 3,857.0 Million in 2017 |
| Market Size Value by | US$ 4,925.4 Billion by 2025 |
| Growth rate | CAGR of 3.2% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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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.
The global military vehicle & aircraft protection system market has been segmented as follows:
Military Vehicle & Aircraft Protection System Market – By Vehicle Armour Type
- RPG Nets
- Reactive Armour
Military Vehicle & Aircraft Protection System Market – By
Aircraft Type
- Transport Aircraft
- Helicopters
Military Vehicle & Aircraft Protection System Market – By Aircraft Armour Type
- Pilot Seat Protection
- Cockpit Protection
- Floor Protection
- Exterior Protection
Military Vehicle & Aircraft Protection System Market- By Region
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Military Vehicle & Aircraft Protection System Market – Companies Profiles
- AmSafe Bridport
- Plasan
- RUAG AG
- General Dynamics Ordnance & Tactical Systems
- Ensign-Bickford Aerospace & Defense Company
- QinetiQ North America
- TenCate Advanced Armour
- MDT Armour
- Rheinmetall AG
- MKU Limited
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Vehicle Armour Type ; Aircraft Type ; Aircraft Armour Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
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As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
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- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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