Global Active Protection Systems Market - Radar Decoy System Leads Market

In order to study the various trends and patterns prevailing in the overall market for active protection system, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Active Protection Systems Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Active protection systems are capable of shooting down and interrupting threats such as anti-tank missiles and rocket-propelled grenades. Moreover, they do it with a great degree of accuracy which minimizes collateral damage. Active protection system can also provide protection from these threats in various mission applications, such as fixed sites, ships, and combat vehicles, among others. Because of so many unique perceived benefits, active protection systems are seeing their demand rise.

Majorly fuelling the global active protection systems market is the strong demand for land based defense system and for ballistic missile defense system. Collective efforts by the governments of the U.S. and South Korea to build land based air and missile defense in South Korea is a macro-economic factor bolstering the active protection systems market. Likewise, India and China’s effort to bolster missile defense system is further slated to catalyze growth in the active protection system market.

According to a report by Market Research Reports Search Engine (MRRSE), the global active protection systems market will likely reach a value of US$5.253 bn by 2025 from US$2.847 bn in 2016 by rising at a CAGR of 7.1% from 2017 to 2025.

Global Active Protection Systems Market: Geographical Analysis

The geographical split of the market includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, North America dominated the market followed by Europe and is expected to continue in the coming years. The U.S. is the key market for the active protection systems market for North America region as well as globally. Replacement of old technology with new advanced technology is major factor boosting the market for the U.S. active protection systems for the forecast period of 2017 – 2025.

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Europe is expected to grow at a sluggish rate for the forecast period of 2017 – 2025. The U.K. is expected to be the key market for the active protection system market in Europe region. Modernization of the defense equipment is one of the major factor boosting the market for the active protection systems in the U.K.

Asia Pacific is expected to grow at the highest CAGR for the forecast period. Increase in the demand of land based defense and increase in the investment in defense are some of the major factor boosting the demand of active protection systems market for the forecast period of 2017 – 2025. China is expected to be the major market for Asia Pacific active protection system market. In addition, China held the largest share for the active protection systems market in Asia Pacific in 2016. It is also expected to experience healthy growth in the coming years. Geopolitical instabilities is the major factor boosting the market for the active protection systems in China during the forecast period of 2017 – 2025.

Global Active Protection Systems Market: Competitive Analysis

Key players profiled in this report include The Raytheon Company (United States), SAAB AB (Sweden), KONSTRUKTORSKOYE BYURO MASHYNOSTROYENIYA (Russia), Rafael Advanced Defense Systems Ltd. (Israel), Airbus Group (Netherlands), Rheinmetall AG (Germany), Safran Electronics & Defence (France), Aselsan A.S. (Turkey), Artis, LLC (United States) and Israel Military Industries (Israel).

The segments covered in the active protection system market are as follows:

Global Active Protection System Market: By Platform

Naval
Land
Airborne
Global Active Protection System Market: By System Type

Radar Decoy
Electro-Optics Jammers
Infrared Decoy
Directed Energy
Light Weapon Defense
Rocket/Missile Based
Others
Global Active Protection System Market: By End User

Defense
Homeland Security
Global Active Protection System Market: By Geography

North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East and Africa

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This release was published on openPR.