Acquire Market Research has announced market research Report On – “Global Active Protection System Market Growth 2019-2024″ with key players.
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.
The proliferation of advanced RPGs and ATGMs is of concern to some defense officials and policymakers. These weaponsRPGs 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.
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.
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According to this study, over the next five years the Active Protection System market will register a 6.4% CAGR in terms of revenue, the global market size will reach US$ 5610 million by 2024, from US$ 4110 million in 2019. In particular, this report presents the global revenue market share of key companies in Active Protection System business.
This report presents a comprehensive overview, market shares and growth opportunities of Active Protection System market by product type, application, key companies and key regions.
This study considers the Active Protection System value generated from the sales of the following segments:
Segmentation by product type
Soft Kill System
Hard Kill System
Segmentation by application
This report also splits the market by region
Americas ( United States ,Canada, Mexico, Brazil)
APAC ( China, Japan, Korea ,Southeast Asia ,India ,Australia)
Europe ( Germany ,France, UK ,Italy ,Russia Spain)
Middle East & Africa (Egypt, South Africa, Israel ,Turkey ,GCC Countries)
The key manufacturers covered in this report
Rafael Advanced Defense Systems
Israel Military Industries
Safran Electronics & Defense
Airbus Defense and Space
To study and analyze the global Active Protection System market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Active Protection System market by identifying its various subsegments.
Focuses on the key global Active Protection System players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Active Protection System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Active Protection System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents:
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Active Protection System Market Size 2014-2024
2.1.2 Active Protection System Market Size CAGR by Region
2.2 Active Protection System Segment by Type
2.2.1 Soft Kill System
2.2.2 Hard Kill System
2.3 Active Protection System Market Size by Type
2.3.1 Global Active Protection System Market Size Market Share by Type (2014-2019)
2.3.2 Global Active Protection System Market Size Growth Rate by Type (2014-2019)
2.4 Active Protection System Segment by Application