Active Protection System Market Synopsis:
According to Market Research Future (MRFR), the global active promotion system market is anticipated to thrive at 7% CAGR over the forecast period 2018 to 2023. APS systems are installed in combat vehicles for responding to threats. These systems are excessively used for detection and neutralization before striking targets. Increasing geopolitical tensions are presumed to encourage the growth pace of the active protection system market in the years to come.
The developments in the anti-tank missiles are projected to have a favorable impact on the future trajectory of the market. Also, investments in modernization and deployment of new-generation anti-tank missiles are likely to propel the expansion of the active protection system market over the next couple of years.
Developing economies such as China and India are contributing significantly towards the augmentation of the active protection system market. The escalating budget allocation for the growth of fleet size is expected to catalyze the proliferation of the market in the foreseeable future. Furthermore, key vendors have increased research & development and are directing their efforts to bring innovations. The focus on product development is forecasted to revolutionize the growth pattern of the active protection system market over the next few years.
Active Protection System Market Competitive Dashboard:
Some of the key players of the active protection system market profiled in this report are Artis, LLC (U.S.), Airbus S.A.S (Netherlands), Aselsan A.S. (Turkey), IMI Systems Ltd. (Israel), Rheinmetall AG (Germany), KBM (Russia), Rafael Advanced Defense Systems Ltd. (Israel), Safran (France), Raytheon Company (U.S.), and Saab AB (Sweden).
Active Protection System Market Segmentation:
By platform, the global active protection system market has been segmented into airborne, land-based, and naval. Among these, the land-based segment dominated the market in 2017. It is expected to grow substantially over the next couple of years owing to increasing procurement being observed in the developing economies.
By type, the active protection system market has been segmented into hard kill system, and soft kill system. The soft kill system segment has been further sub-segmented into infrared decoy, radar decoy, electro-optics jammers, and others. The hard kill system segment has been sub-segmented into rocket/missile-based APS, light weapon defense APS, directed energy APS, reactive armor, and others.
By end-user, the global active protection system market has been segmented into defense, homeland, and security.
Active Protection System Market Regional Analysis:
The global active protection system market, by region, has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America. Europe is likely to witness the acceleration of revenue generation in the forthcoming years. The continuous efforts directed at the development of warfare technologies are poised to propel the expansion of the active protection system market over the next few years. The U.K. and Russia are the major sub-markets of the region. Asia Pacific exhibits strong growth potential owing to increasing defense budget allocation. The emerging economies are poised to drive the growth of the active protection system market in the region.
Active Protection System Market Industry News:
In April 2019, the U.S. Army is planning on extending the plan of getting an active protection system for Stryker combat vehicle for another year.
In March 2019, Britain’s largest defense company, BAE Systems, showcased light tank or Mobile Protected Firepower (MPF) with active protection systems at the Global Force Symposium in Huntsville.
Active Protection System Market Research Report: Information By Platform (Airborne, Land-Based, And Naval), Type (Hard Kill System And Soft Kill System), End User (Defence And Homeland Security), Region (North America, Europe, Asia-Pacific, Middle East & Africa, And Latin America)—Forecast Till 2025, Active Protection System Market By MRFR With Latest Study Research Report With Market Value @ https://www.marketresearchfuture.com/reports/active-protection-system-market-6099