Latest research on Active Protection Systems Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2025 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Active Protection Systems market. This report included a special section on the Impact of COVID19. Also, Active Protection Systems Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Active Protection Systems industries.
Active Protection Systems market is growing at a CAGR of 6% during the forecast period (2021-2025).
The Active Protection Systems market is highly competitive and consists of a number of major players. Top Companies like Raytheon Technologies Corporation, Leonardo S.p.A., BAE Systems plc, Rheinmetall AG, ASELSAN A.S., Rafael Advanced Defense Systems Ltd., General Dynamics Corporation, Thales Group, Kongsberg Gruppen ASA
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Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global Active Protection Systems market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.
Active Protection Systems Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.
Scope of the Report
– Growing instances of asymmetric warfare and the emphasis on developing advanced warfare systems are the main drivers for the market. However, the design and operational issues regarding the use of automated weaponry such as remote weapon stations (RWS) and CIWS may challenge the industry in the short term.
– However, the market is marred by frequent installation and operational challenges associated with autonomous weapon systems, such as the inherent vulnerability to magnetic fields, radio signals, and other electronic attacks.
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Key Market Trends
Growing Emphasis on Developing Advanced Combat Systems
During the last decade, many countries have developed and fielded their autonomous weapon systems to bolster their military capabilities and to strengthen their troops in several conflicts around the world. The proliferation of innovations in the field of sensor technologies, weapon firing systems, and other auxiliary systems are aimed at enhancing the accuracy and performance capabilities of the current generation of APS. The emphasis on increasing the autonomy of the weapon systems has given rise to unmanned weapon technologies such as RWS and CIWS that can effectively neutralize a target without human intervention. The new variants of APS feature advanced optronic that renders them exceptionally suitable for urban warfare and thus reduce the casualties during a war. The increasing induction of armored vehicles equipped with RWS and CIWS systems for protection against incoming projectiles is driving the demand for such systems. Furthermore, the emergence of sophisticated missiles is driving the defense manufacturers to develop new variants of APS to effectively counter the incoming hostile projectile before impact.
North America to Dominate the Market During the Forecast Period
The United States and Canada are avid users of APS in North America. They are currently focusing on upgrading their existing vehicle fleet and their corresponding capabilities. The US FY2020 defense budget prioritizes modernization of military systems to compete with China and Russia on the global front while emphasizing on day-to-day operations for ongoing conflicts, crisis response, and allied engagement. As per the provisions of the 2020 defense budget, the defense contractors are anticipated to pursue production of existing APS, while conducting extensive R&D for future systems. The US Army envisions integrating APS formally into its Next-Generation Ground Vehicle (NGCV) program. In March 2019, Leonardo DRS was awarded a USD 79.6 million add-on contract by the US Army to integrate the Abrams Tank fleet with Rafael’s TROPHY active protection systems. The contract also includes the provisions for procuring countermeasures and maintenance kits in addition to the APS and increases the total value of the program to USD 200 million. Several procurement and upgrade programs are anticipated to be initiated in the upcoming period and are envisioned to enhance the business prospects of the North American segment of the market in focus during the forecast period.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Active Protection Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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– The market estimate (ME) sheet in Excel format
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