An active protection system is designed to avoid line-of-sight (LOS) guided projectiles and destroying an opponent’s target. These systems are used for the purpose of recognizing and deactivating the threat missiles before they approach the target.
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%. The global market for active protection systems is going through several technological advancements. Technologies such as virtual reality and augmented reality, integrated with artificial intelligence, are making their way into the defense industry. Further, electro-optical jammers and infrared technologies & sensors are also contributing to the growth of the active protection systems market.
In addition to these, several other technologies such as counter-directed energy weapons, reactive armors, and MEMS, among others, are adding to the growth of the active protection systems market. Factors such as rising geopolitical tensions across the globe, widespread adoption of advanced combat systems, and automation of defense systems are some of the major factors responsible for the growth of the active protection systems market.
Get a Sample Copy of This Report : https://www.alltheresearch.com/sample-request/70
Based on the platform type, the global active protection system is segmented as land-based, naval, and airborne. The land-based category accounts for the highest share in this segment owing to increasing investments in armored vehicle and infantry fighting vehicles (IFV). Developing countries like India and China are developing a wide range of fighting vehicles. For instance, in 2016, India signed a deal with Russia for 464 T-90 battle tanks. The land-based platform helps a country to make major enhancements in its defense capabilities.
On the basis of the kill system type, the market is categorized into soft kill system, hard kill system, and reactive armor. Hard kill systems are estimated to witness steady growth during the forecasted period due to the heavily effective nature of the killing system, which consists of rocket/missile-based active protection system, directed energy active protection systems, and others.
The key players in this market are, Rheinmetall AG (Germany), Rafael Advanced Defense Systems Ltd. (Israel), Artis LLC (USA), Raytheon Company (USA), Aselsan A.S. (Turkey), Airbus Group (Netherlands), Saab AB (Sweden), Israel Military Industries (Israel), KBM (Russia), Safran (France), amongst others. The global market for active protection systems is marked by intense competition from the major manufacturers operating in this market. Tactical mergers & acquisitions, joint ventures & partnerships, product developments, and expansions are some of the key strategies that are adopted by the leading manufacturers, in order to ensure long-term sustenance in the active protection systems market.