Global Active Protection System Market Overview:
Active Protection System prevents the enemy’s projectile to destroy a target. It is also designed to confuse the enemy’s projectiles. Different types of active protection systems are used by the armies worldwide. However, it does not pose threat to the forces. Active protection system has two categories which are active and counter measure. The former one destroys the projectiles whereas the latter diverts the missile by using jammers, decoys and signature reduction measures. The advanced technologies are being adopted in military which in turn is increasing the demand of active protection system.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Advanced Technology in Defense
Market Growth Drivers:
Need of Security Systems from Different Types of Weapons and Rising Demand for Ground Defense System
Challenges:
Threat of Cyber-Attack may Hamper the Market
Restraints:
High Initial Cost for Installation of Active Protection System and Lack of Skilled Professionals to Handle the System
Opportunities:
Rising Asymmetric Warfare is leading to Demand in Active Protection Systems and Government Initiatives for Improvement of Defense Systems
Competitive Landscape:
Active Protection System market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Rafael Advanced Defense Systems Ltd. (Israel), Israel Military Industries (Israel), Rheinmetall AG (Germany), Raytheon Company (United States), Artis, LLC (United States), Saab AB (Sweden), Aselsan A.S. (Turkey), Safran Electronics & Defense (France), Airbus Defense and Space (Germany) and Doosan DST (South Korea). Additionally, following companies can also be profiled that are part of our coverage like Krauss Maffei Wegmann (Germany), Navistar International Corporation (United States), Oshkosh Corporation (United States) and ST kinetics (Singapore). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Active Protection System market by 2028. Considering Market by Platform, the sub-segment i.e. Airborne will boost the Active Protection System market.
Latest Market Insights:
In November 2018, Elbit systems has acquired Israel military industries. According to Israel military industries it was a positive step for both the countries.
In February 2023, Oshkosh, a leader in hybrid and battery electric technologies, launched North America’s first fully integrated, zero-emission electric refuse collection vehicle. At Oshkosh, we make innovative, mission-critical equipment to help everyday heroes advance communities around the world
What Can be Explored with the Active Protection System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Active Protection System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Active Protection System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Active Protection System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Active Protection System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Active protection system manufacturers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.