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Active Protection System Market | Covid-19 Impact Analysis
The Market is Segmented by End-User Type (Defense, Homeland Security), by Platform Type (Land-Based, Airborne, and Naval), by Kill System Type (Soft Kill System, Hard Kill System, and Reactive Armor), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
Active Protection System Market - Snapshot |
|
Growth |
8.2% for next five years |
Major Platform Type |
Land-based |
Dominant Kill System Type |
Soft kill system |
Region with the highest demand |
Europe |
Key Players |
Artis, LLC, Airbus Group, ASELSAN A.S., IMI Systems, Rheinmetal AG, Rafael Advanced Defense Systems Ltd., The Raytheon Company, Safran Electronics & Defense, and Saab AB. |
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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.
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.
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.
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.
Active Protection System is designed to protect troops and to combat vehicles. An integrated radar system is used in the design to detect, track and then destroy different threats. Apart from radar, the system makes use of many other options such as sensors, launchers and also countermeasure munitions for defeating or deflecting missiles and grenades. Overall, the Active Protection System is used to increase platform survivability and it has created a new technique of getting awareness about threats and maneuver forces.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Active Protection System Market Research Report – Features |
|
Market Segmentation |
4 ways |
Regions Covered |
4 |
Countries/Sub-Regions Covered |
15 |
No. of Figures & Tables |
>150 |
Company Profiles |
9 |
The active protection system market is segmented into the following categories.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
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