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The objective of the Active Protection System Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Active Protection System Market.
Market Insights – The Active Protection System Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Active Protection System Market are-
Artis, LLC
Airbus Group
ASELSAN A.
IMI Systems
Rheinmetall AG
Rafael Advanced Defense Systems Ltd.
The Raytheon Company
Saab AB
Safran Electronics & Defense.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Active Protection System Market value and growth drivers over the trend period of 2022-27. According to the report -
Active protection system market is likely to witness an impressive CAGR of 8.2% during the forecast period. Factors such as upgrading of armed forces, upsurge in asymmetric warfare, and growing need for security from different types of weapon systems are expected to fuel the global active protection system market during the forecast period. The employment of active protection systems in defense has grown remarkably in the past few years, primarily headed by the rise in the number of warfare platforms being manufactured globally. These warfare platforms demand systems that are capable of detecting, tracking, and defending against any impending threats.
Segment Analysis:
Based on 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.
Based on Region:
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.
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Critical Questions Answered in the Report
l What are the key trends in the global Active Protection System Market?
l How the Active Protection System Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Active Protection System Market?
l What are the key strategies adopted by the major vendors to lead in the Active Protection System Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Active Protection System Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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