Fior Markets revealed study on Global Active Protection System Market 2019 by Company, Regions, Type and Application, Forecast to 2024 which offers a deep scenario on the current state focusing on the major drivers and restraints for the key players. This report guides through various segments market with size status and forecast 2024. It’s a professional and in-depth study report that offers granular analysis of the market share, manufacturers, product type, applications, technological advancement, and geographic regions.
This report studies the Active Protection System market, Active Protection Systems (APSs) are subsystems integrated into or installed on a combat vehicle to automatically acquire, track, and respond with hard or soft kill capabilities to a variety of threats, including rocket-propelled grenades (RPGs) and anti-tank guided missiles (ATGMs). APS technologies are not new, and a number of nations have already employed APS on the battlefield.
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The proliferation of advanced RPGs and ATGMs is of concern to some defense officials and policymakers. These weapons—RPGs in particular—have been particularly popular with insurgents because they are readily available, relatively inexpensive, and require little training. Technical and operational challenges to APS include being able to work under extremely demanding circumstances and compressed timelines, robustness against countermeasures, minimizing the threat to friendly forces and civilians, being compatible with the space and power allocated to it on the vehicle, and affordability.
Active Protection System Market Scope:
Factors such as modernization of armed forces, rise in asymmetric warfare, and rising need for security from different types of weapon systems are expected to drive the market during the forecast period.
The use of active protection systems in defense has increased considerably in the past few years, mainly driven by the rise in the number of warfare platforms being manufactured worldwide. These warfare platforms require systems that can help detect, track, and defend against incoming threats.
On the basis of platform, the active protection system market has been segmented into air defense and ground defense. The land segment is projected to keep being the major market during the forecast period. The rising demand for active protection systems can be attributed to several factors, including increasing focus on close combat systems, upgradation of existing armored platforms, need for connected warfare systems, and safety of soldiers in a war-like situation, among others.
The global Active Protection System market is valued at 4110 million USD in 2018 and is expected to reach 5610 million USD by the end of 2024, growing at a CAGR of 6.4% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Active Protection System.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Active Protection System market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Active Protection System market by product type and applications/end industries.
In addition, it delivers market trends, industry drivers, challenges, opportunities, key company profiles and strategies of players such as Rafael Advanced Defense Systems, KBM, Israel Military Industries, Rheinmetall AG, Raytheon Company, Artis, LLC, Saab AB, Aselsan, Safran Electronics & Defense, Airbus Defense and Space, .
Spotlights of Global Market Research Report:
- Exhibits the market by type and application with respect to sales market share and growth rate by type, application
- Displays manufacturing technology used in the global market, existing developments in that technology and trends causing these developments
- Offers market forecast, by regions, type, and application, with sales and revenue, from 2019 to 2024
- Studies industry chain analysis by upstream raw materials, downstream industry, and current market dynamics
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