DUBLIN--(BUSINESS WIRE)--Aug 30, 2018--The “Active Protection System (APS) - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Active Protection System (APS) market is expected to grow from $2.98 billion in 2017 to reach $5.54 billion by 2026 with a CAGR of 7.1%.
Rising demand for land based defense systems and ballistic missile defense systems, fastop aced expansion of anti-tank missiles and growing implementation of RPG shield initiatives are some of the key trends that will contribute the growth of this market in the forecast period. On the contrary, limited number of suppliers is the major factor creating a negative hurdle in the market.
Based on kill system type, the hard-kill type segment accounted for the largest market share during the forecast period owing the expansion of both soft kill and hard kill functionalities and improved adoption of this trend by many manufacturers are contributing for the segment growth.
Depending on geography, Europe is the major contributor for the APS market during the forecast period. Factors such as increasing efforts by government to modify their range of military platforms with the new weapons and technologies and rising initiatives to reinforce the combat abilities are some trends boosting the regional market.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porter’s Five Forces Analysis
5 Global Active Protection System (APS) Market, By Kill System Type
6 Global Active Protection System (APS) Market, By Platform
7 Global Active Protection System (APS) Market, By End-User
8 Global Active Protection System (APS) Market, By Geography
9 Key Developments
10 Company ProfilingGeneral Dynamics Safran Electronics & Defense KBM Group LLC Artis LLC Aselsan A.S. Raytheon Company Israel Military Industries Airbus Group Rafael Advanced Defense Systems Ltd. Saab AB Rheinmetall AG Norinco Group
For more information about this report visit https://www.researchandmarkets.com/research/lxkrn9/active_protection?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180830005484/en/
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Related Topics:Missiles and Missiles Technology
INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
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PUB: 08/30/2018 09:37 AM/DISC: 08/30/2018 09:37 AM