Press release
Active Protection System Market: Global Industry Analysis and Forecast 2020-2025
Some key takeaways from this report –
The report offers key drivers that trigger the growth in the Active Protection System Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
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The research offers segment wise analysis of the Active Protection System Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.
Active Protection System Market Share by Platform Type
Based on the platform type, the market is segmented as land-based, airborne, and naval. The land-based segment is estimated to register the highest growth in the coming five years. The growing demand for active protection systems can be ascribed to a plethora of factors, such as, increasing emphasis on close combat systems, upgradation of prevalent armored platforms, need for connected warfare systems, and safety of soldiers in any warmongering situation, among others.
Active Protection System Market Share by Kill System Type
Based on the kill system type, the market is segmented as soft kill system, hard kill system, and reactive armor. Currently, the soft kill system segment is imposing the market. Nevertheless, the hard kill system segment is expected to witness the highest growth during the forecast period. This unprecedented high growth is owing to the rising demand for advanced systems armed with enhanced competence to engage and knockout imminent threats.
Regional Insights
In terms of regions, Europe is estimated to account for the largest market share in the coming five years. One of the prime factors influencing the European active protection system market is the incessant upgrade of warfare platforms with innovative technologies. Russia and the U.K. are the growth engines of the region. The market is driven by the increasing investments made in the active protection systems market and related technologies, particularly by these two major countries. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Key Players
The following are the key players in the Active Protection System Market-
• Artis, LLC
• Airbus Group
• ASELSAN A.
• IMI Systems
• Rheinmetall AG
• Rafael Advanced Defense Systems Ltd.
• The Raytheon Company
• Saab AB
• Safran Electronics & Defense.
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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