23 January 2020
The Active Protection System Market Report 2020-2030: Forecasts By Platform (Land-based, Naval, Airborne), by Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor), By Application (Defense, Homeland Security, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry. The global active protection system market size was valued at more than USD 3.88 Billion in 2019 and is expected to reach more than USD 6 Billion by 2030.
Active protection system is referred to a system designed to prevent military aid from being destroyed. It can shoot down intriguing threats such as rocket-propelled grenades and anti-tank missiles. In fixed sites, ships, tanks, and combat vehicles, active protection system is used. The key drivers responsible for the growth of the active protection system market are the automation of defense systems and geopolitical instability. Declining defense budgets could, however, restrict the market from further growth by various developed nations.
The hard-to-kill model is projected to be the fastest growing product and by the end of the forecast period it is expected to gain significant market share. The Asia-Pacific is projected to emerge as one of the leading segments for the active protection market due to various border disputes within countries such as India, China and other Asia-Pacific nations. With several vendors, the market is moderately competitive. Technological innovation is the market leaders ' most widely adopted strategy for improving their market position.
In order to effectively block an oncoming projectile such as missiles, active protection systems provide vehicle and squad protection. In the defense industry, active protection devices are commonly employed as they are highly capable of destroying or interrupting threats such as rocket-propelled grenades and anti-tank missiles. It is sensed and tracked by the active protection unit in the event of a missile fired into a building, which will then deploy a soft-kill obscurant such as smoke or flares that interferes with the guidance function of the weapon. The active protection system may use electro-optical interference systems such as lasers in the event of a soft kill.
Factors such as rising regional disputes and terrorism drive the market, coupled with increased military spending in emerging countries. The U.S. Army has a contractual collaboration with General Dynamics for a case in point in 2017. This deal had to do with the establishment of the' Trophy system' on existing and new U.S. Army combat vehicles. Such advances will drive demand for active systems of protection. However, growing cyber warfare, which affects the performance of advanced defense platforms, is expected to reduce market growth.
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