Active Protection System Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Active Protection System Market.
The global Active Protection System Market size is projected to reach a CAGR of 8.14% from 2023-2030.
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Active Protection Systems are defined as next-generation systems which defend automatically in opposition to enemies for threatening them without loading the vehicle with heavy weapons. This protection system is used for detecting and neutralizing the threat projectiles before the target reaches them.
Growth in the Active Protection System Market can largely be attributed to factors such as Rise in the geopolitical instabilities. Furthermore, the factors which will help the market to escalate its growth are the Automation of defense systems, rising geopolitical instabilities, and increasing demand for the development of secured networks against cyber-attacks
Regional Analysis
North America to Dominate the Market
· On the other hand, Europe dominates the active protection system market due to an increase in the spending on advanced airborne targeting systems by countries, such as the UK, France, and Russia, and the upgrades and procurement of targeting pod-based aircraft in this region.
· Asia Pacific market is projected to increase at a significantly high pace over the forecast period, due to factors such as geopolitical instability in countries of the region, rapid automation of defense systems, and continuous improvement in warfare platforms with the introduction of new and advanced technologies.
Competitive Landscape
· Artis
· LLC
· Airbus Group
· ASELSAN A.S.
· IMI Systems
· Rheinmetal AG
· Rafael Advanced Defense Systems Ltd.
· The Raytheon Company
· Safran Electronics & Defense
· Saab AB.
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Recent Developments
February 2021-Lockheed Martin Corporation and the US Army have signed a contract with a valuation of USD 30 million to provide a combat vehicle protection system for the US army. According to this contract, Lockheed Martin Corporation provides the modular APS to the US army.
February 2021-BAE Systems Hagglunds and Israeli form Elbit systems had signed a contract with a valuation of USD 82 million to provide an active protection system for the Royal Netherlands Army.
Active Protection System Market is segmented into various segments such as end-user, platform, kill system type, and region:
On the basis of end-user
· Defense
· Homeland Security
On the basis of the platform
· Land
· Naval
· Airborne
On the basis of the kill system type
· Soft kill system
· Hard kill system
· Reactive amour
On the basis of region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Active Protection System Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirement.
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Frequently Asked Questions:
What are the years considered to study Active Protection System Market?
The Active Protection System Market is studied from 2023- 2030.
What is the compound annual growth rate (CAGR) of the Active Protection System Market?
The Active Protection System Market is growing at a CAGR of 8.14% during the forecast period.
Which region holds the largest market share in Active Protection System Market?
Europe holds the highest share in 2022 w.r.t Active Protection System Market.
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