Global Active Protection Systems Market Size, Status and Forecast 2020-2025
The Active Protection Systems Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Active Protection Systems Market: Raytheon Technologies Corporation, Leonardo S.p.A., BAE Systems plc, Rheinmetall AG, ASELSAN A.S., and Thales Group and others.
Key Market Trends
Growing Emphasis on Developing Advanced Combat Systems
During the last decade, many countries have developed and fielded their autonomous weapon systems to bolster their military capabilities and to strengthen their troops in several conflicts around the world. The proliferation of innovations in the field of sensor technologies, weapon firing systems, and other auxiliary systems are aimed at enhancing the accuracy and performance capabilities of the current generation of APS. The emphasis on increasing the autonomy of the weapon systems has given rise to unmanned weapon technologies such as RWS and CIWS that can effectively neutralize a target without human intervention. The new variants of APS feature advanced optronic that renders them exceptionally suitable for urban warfare and thus reduce the casualties during a war. The increasing induction of armored vehicles equipped with RWS and CIWS systems for protection against incoming projectiles is driving the demand for such systems. Furthermore, the emergence of sophisticated missiles is driving the defense manufacturers to develop new variants of APS to effectively counter the incoming hostile projectile before impact.
North America to Dominate the Market During the Forecast Period
The United States and Canada are avid users of APS in North America. They are currently focusing on upgrading their existing vehicle fleet and their corresponding capabilities. The US FY2020 defense budget prioritizes modernization of military systems to compete with China and Russia on the global front while emphasizing on day-to-day operations for ongoing conflicts, crisis response, and allied engagement. As per the provisions of the 2020 defense budget, the defense contractors are anticipated to pursue production of existing APS, while conducting extensive R&D for future systems. The US Army envisions integrating APS formally into its Next-Generation Ground Vehicle (NGCV) program. In March 2019, Leonardo DRS was awarded a USD 79.6 million add-on contract by the US Army to integrate the Abrams Tank fleet with Rafael’s TROPHY active protection systems. The contract also includes the provisions for procuring countermeasures and maintenance kits in addition to the APS and increases the total value of the program to USD 200 million. Several procurement and upgrade programs are anticipated to be initiated in the upcoming period and are envisioned to enhance the business prospects of the North American segment of the market in focus during the forecast period.
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Influence of the Active Protection Systems Market Report:
-Comprehensive assessment of all opportunities and risks in the Active Protection Systems market.
-The detailed study of business strategies for the growth of the Active Protection Systems market-leading players.
-Conclusive study about the growth plot of the Active Protection Systems market for forthcoming years.
-In-depth understanding of Active Protection Systems market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Active Protection Systems market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Active Protection Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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