Active Protection System Market Grow at a CAGR of 6.4% During the Forecast Period 2019- 2024: Rafael Advanced Defense Systems, KBM, Israel Military Industries, Rheinmetall AG

Global Active Protection System Market 2019 by Company Regions Type and Application Forecast to 2024

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 rocket-propelled grenades (RPGs) and anti-tank 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.

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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Companies Profiled in this report includes: Rafael Advanced Defense Systems, KBM, Israel Military Industries, Rheinmetall AG, Raytheon Company, Artis, LLC, Saab AB, Aselsan, Safran Electronics & Defense, Airbus Defense and Space

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 war-like situation, among others.

The global Active Protection System market is valued at 4110 million USD in 2018 and is expected to reach 5610 million USD by the end of 2024, growing at a CAGR of 6.4% between 2019 and 2024.

The Asia-Pacific 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.

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.

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Table of Content:

1 Active Protection System Market Overview

2 Manufacturers Profiles

2.1 Rafael Advanced Defense Systems

2.1.1 Business Overview

2.1.2 Active Protection System Type and Applications

2.1.2.1 Product A

2.1.2.2 Product B

2.1.3 Rafael Advanced Defense Systems Active Protection System Revenue, Gross Margin and Market Share (2017-2018)

2.2 KBM

2.2.1 Business Overview

2.2.2 Active Protection System Type and Applications

2.2.2.1 Product A

2.2.2.2 Product B

2.2.3 KBM Active Protection System Revenue, Gross Margin and Market Share (2017-2018)

2.3 Israel Military Industries

2.3.1 Business Overview

2.3.2 Active Protection System Type and Applications

2.3.2.1 Product A

2.3.2.2 Product B

2.3.3 Israel Military Industries Active Protection System Revenue, Gross Margin and Market Share (2017-2018)

2.4 Rheinmetall AG

3 Global Active Protection System Market Competition, by Players

4 Global Active Protection System Market Size by Regions

5 North America Active Protection System Revenue by Countries

6 Europe Active Protection System Revenue by Countries

7 Asia-Pacific Active Protection System Revenue by Countries

8 South America Active Protection System Revenue by Countries

9 Middle East and Africa Revenue Active Protection System by Countries

10 Global Active Protection System Market Segment by Type

11 Global Active Protection System Market Segment by Application

12 Global Active Protection System Market Size Forecast (2019-2024)

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