Active Protection System Market to offer a healthy CAGR of 8.2% during 2020-25
February 14, 2020
Active Protection System Market Overview:
Active protection system market is likely to witness an impressive CAGR of 8.2% during the forecast period. Factors such as upgrading of armed forces, upsurge in asymmetric warfare, and growing need for security from different types of weapon systems are expected to fuel the global active protection system market during the forecast period. The employment of active protection systems in defense has grown remarkably in the past few years, primarily headed by the rise in the number of warfare platforms being manufactured globally. These warfare platforms demand systems that are capable of detecting, tracking, and defending against any impending threats.
Report Overview:
This new report from Stratview Research analyses the Active Protection System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Active Protection System Market Segment Insights:
Land-Based: The growth engine
Based on the platform type, the market is segmented as land-based, airborne, and naval. The land-based segment is estimated to register the highest growth in the coming five years. The growing demand for active protection systems can be ascribed to a plethora of factors, such as, increasing emphasis on close combat systems, upgradation of prevalent armored platforms, need for connected warfare systems, and safety of soldiers in any warmongering situation, among others.
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https://www.stratviewresearch.com/toc/548/active-protection-system-market.html
A highly/moderately/fragment consolidated Market
Some of the major players in the active protection system market are Artis, LLC, Airbus Group, ASELSAN A.?, IMI Systems, Rheinmetall AG, Rafael Advanced Defense Systems Ltd., The Raytheon Company, Saab AB, and Safran Electronics & Defense.
Regional Hegemony of North America & the dominance of Soft Kill System
In terms of regions, Europe is estimated to account for the largest market share in the coming five years. One of the prime factors influencing the European active protection system market is the incessant upgrade of warfare platforms with innovative technologies. Russia and the U.K. are the growth engines of the region. The market is driven by the increasing investments made in the active protection systems market and related technologies, particularly by these two major countries. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Based on the kill system type, the market is segmented as soft kill system, hard kill system, and reactive armor. Currently, the soft kill system segment is imposing the market. Nevertheless, the hard kill system segment is expected to witness the highest growth during the forecast period. This unprecedented high growth is owing to the rising demand for advanced systems armed with enhanced competence to engage and knockout imminent threats.
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