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Active Protection System Market is Expected to Reach $5610 million, Globally, by 2023 - Planet Market Reports
(Telecom-NewsWire.Net, July 10, 2018 ) 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 rocketpropelled grenades RPGs and antitank 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 weapons-RPGs 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.

Scope of the Report:

This report studies the Active Protection System market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Active Protection System market by product type and applications/end industries. 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.

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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 warlike situation, among others.
The global Active Protection System market is valued at 4110 million USD in 2017 and is expected to reach 5610 million USD by the end of 2023, growing at a CAGR of 6.4% between 2017 and 2023.
The AsiaPacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Active Protection System. Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.

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Market Segment by Companies, this report covers
Rafael Advanced Defense Systems Ltd.
KBM
Israel Military Industries
Rheinmetall AG
Raytheon Company
Artis, LLC
Saab AB
Aselsan A.S.
Safran Electronics & Defense
Airbus Defense and Space

Market Segment by Regions, regional analysis covers
North America United States, Canada and Mexico
Europe Germany, France, UK, Russia and Italy
AsiaPacific China, Japan, Korea, India and Southeast Asia
South America Brazil, Argentina, Colombia
Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa

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Market Segment by Type, covers
Soft Kill System
Hard Kill System

Market Segment by Applications, can be divided into
Air Defense
Ground Defense

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