According to Stratistics MRC, the Global Active Protection System (APS) market is expected to grow from $2.98 billion in 2017 to reach $5.54 billion by 2026 with a CAGR of 7.1%.
Gaithersburg, Maryland,, US - March 8, 2018 /MarketersMedia/ —
Rising demand for land based defense systems and ballistic missile defense systems, fast-paced expansion of anti-tank missiles and growing implementation of RPG shield initiatives are some of the key trends that will contribute to the growth of this market in the forecast period. On the contrary, limited number of suppliers is the major factor creating a negative hurdle in the market.
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Based on kill system type, hard-kill type segment accounted for the largest market share during the forecast period owing to the expansion of both soft kill and hard kill functionalities and improved adoption of this trend by many manufacturers are contributing for the segment growth.
Depending on geography, Europe is the major contributor for the APS market during the forecast period. Factors such as increasing efforts by government to modify their range of military platforms with the new weapons and technologies and rising initiatives to reinforce the combat abilities are some trends boosting the regional market.
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Some of the key players profiled in this market include General Dynamics, Safran Electronics & Defense, KBM Group LLC, Artis, LLC, Aselsan A.S., Raytheon Company, Israel Military Industries, Airbus Group, Rafael Advanced Defense Systems Ltd., Saab AB, Rheinmetall AG and Norinco Group.
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Kill System Types Covered:
• Reactive Armor
• Soft Kill System
• Hard Kill System
Platforms Covered:
• Naval
• Land-Based
• Airborne
End Users Covered:
• Military & Defense
• Homeland Security
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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Source: MarketersMedia
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