Active Protection System are defined as a next generation systems which defend automatically in opposition to enemies for threatening them without loading the vehicle with heavy weapons. This protection system is used for detection and neutralizing the threat projectiles before the target reach. The major factor driving active protection system market is the automation of defense systems and geopolitical instabilities.
MARKET SCOPE
The "Global Active Protection System Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Active Protection System market with detailed market segmentation by platform, system, end user and geography. The report provides key statistics on the market status of the leading Active Protection System market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- ? On the basis of Platform, the market is segmented as Land, Naval, and Airborne.? Based on System, the market is segmented into Soft Kill System, and Hard Kill System.? Based on End User, the market is segmented as Defense and Homeland Security.
MARKET DYNAMICS
Drivers:
- ? Automation of defense systems.? Rising geopolitical instabilities.? Increasing demand in the development of secured network against cyber-attacks
Restraints:
- ? Increasing price of radar systems.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Active Protection System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Active Protection System market in these regions
IMPACT OF COVID-19 ON ACTIVE PROTECTION SYSTEM MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the defense industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as Active Protection System systems will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
MARKET PLAYERS
The report covers key developments in the Active Protection System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Active Protection System market are anticipated to lucrative growth opportunities in the future with the rising demand for Active Protection System in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Active Protection System market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ? Artis, LLC? Aselsan A.S.? IMI Systems Ltd? Konstruktorskoye Byuro Mashynostroyeniya (KBM)? Krauss Maffei Wegmann? Rafael Advanced Defense Systems Ltd.? Raytheon Company? Rheinmetall AG? Saab AB? Safran Electronics & Defense