Press release
Latest News 2020: Active protection system Market Will Emerge Globally And Grow With 7.6% of CAGR by 2026 | Know the Impact Analysis of Corona-virus/COVID19
The Global Active protection system Market was valued at US$ 3,490 million in the year 2018 and is expected to reach US$ 5,050 million by the year 2023, growing at a CAGR of approximately 7.6% 2027.The ripple effect of Coronavirus-COVID19 on the Active protection system Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Active protection system Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.
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Active protection systems provide vehicle and squad protection by way of effectively blocking an oncoming projectile such as missiles. Active protection systems are widely used in the defense industry, as they are highly capable of eliminating or interrupting threats such as rocket-propelled grenades and anti-tank missiles. In the case of a missile fired towards a vehicle, it is detected and monitored by the active protection system.
AllTheResearch offers a most recent distributed report on Global Active protection system industry examination and figure 2019-2025 conveying key bits of knowledge and giving an upper hand to customers through a point by point report. The report contains XX pages which profoundly displays on current market investigation situation, up and coming just as future chances, income development, evaluating and gainfulness.
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Market Segmentation:
Following Top Key players are profiled in this Market Study:
Rheinmetall AG (Germany), Artis LLC (US), Raytheon Company (US), Saab AB (Sweden), Aselsan A.S. (Turkey), Airbus Group (the Netherlands), Israel Military Industries (Israel), Rafael Advanced Defense Systems Ltd. (Israel), KBM (Russia), Safran (France)
By End-use Industry: Defense, Homeland Security
The market is driven by factors such as increasing regional disputes and terrorism, coupled with increased military spending in emerging countries. For a case in point, in 2017, the USA Army have a contractual collaboration with General Dynamics. This deal was related to the setting up of the ‘Trophy system’ on existing and new combat vehicles of the USA Army. Such advancements will propel the demand for active protection systems. However, growing cyber warfare that affects the performance of technologically-advanced defense platforms, is expected to curtail the growth of the market.
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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa
For the purpose of optimal consistency, the protection system uses two autonomous detecting techniques, passive infra-red (IR) and radio frequency (RF). Upon receiving a threat warning, electro-optical jammers engage the threat’s sensing and tracking behaviour. If required, a close-range hard kill interceptor then destroys or deflects the threat physically at a safe distance from the protected platform. An incoming threat is effectively destroyed or deflected by a blast interceptor with minimal collateral damage. The development of secured network against cyber-attacks will create opportunities for the active protection system market in the upcoming years.
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