Published on : Aug 09, 2017
Albany, New York, August 9, 2017: The Increasing demand for land based defense system and ballistic missile defense system is steadily fueling the market of active protection system at the global scale. Moreover, the rapid modernization of military equipment in different regions of Asia-Pacific has made it the fastest growing area at the global scenario. To discuss in-depth, Market Research Hub (MRH) has lately added a research study titled as “Active Protection Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025” to its vast report archive. As per research findings, it is anticipated the global active protection systems market would reach a value of US$5.253 billion by 2025 from US$2.847 billion in 2016, with a progressive CAGR of 7.1% during 2017-2025.
Active Protection System (APS) can actively shoot down and interrupt different number of threats such as anti-tank missiles and rocket-propelled grenades with accuracy and minimum collateral damage. APS can provide protection from ground, naval or air threats in various mission applications such as fixed sites, ships, and combat vehicles among others. Further, the clashes between several countries in Asia Pacific and the Middle East has worked to add to the market revenue. Moreover, the segmentation of the global active protection systems market by type comprises of naval, land and airborne. On the basis of system type, it varies from radar decoy, electro-optics jammers, infrared decoy, directed energy, light weapon defense, rocket/missile based and others.
The report includes a brief detail about the market drivers and restraints, and further discuss the active protection system market by the end user. Furthermore, the research proves effective in analyzing the active protection systems market at the global scale for various regions, which includes North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The analysis has evaluated the global market that showcases the market sluggish growth in Europe, with U.K. the key market in this region. However, the Asia-Pacific region seems to possess the highest CAGR, with China being the major market for Asia Pacific in the sector linked to active protection system.
Lastly, the report lists some of the key players, namely, Konstruktorskoye Byuro Mashynostroyeniya, The Raytheon Company, SAAB AB, Rafael Advanced Defense Systems Ltd., Airbus Group, Rheinmetall AG, Safran Electronics & Defence, Aselsan A.S., Artis LLC and Israel Military Industries. The profiles mentioned in the report include company details, market presence, strategic overview, fiscal and SWOT Analysis, which is quite advantageous for the readers.
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