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  • Active Protection System Market is Expected to Reach $5610 million, Globally, by 2023 - Planet Market Reports

    (I-SoftwareNews.Com, July 10, 2018 ) This report studies the Active Protection System market, Active Protection Systems APSs are subsystems integrated into or installed on a combat vehicle to automatically acquire, track, and respond with hard or soft kill capabilities to a variety of threats, including rocketpropelled grenades RPGs and antitank guided missiles ATGMs. APS technologies are not new, and a number of nations have already employed APS on the battlefield.

    The proliferation of advanced RPGs and ATGMs is of concern to some defense officials and policymakers. These weapons-RPGs in particular-have been particularly popular with insurgents because they are readily available, relatively inexpensive, and require little training. Technical and operational challenges to APS include being able to work under extremely demanding circumstances and compressed timelines, robustness against countermeasures, minimizing the threat to friendly forces and civilians, being compatible with the space and power allocated to it on the vehicle, and affordability.

    Scope of the Report:

    This report studies the Active Protection System market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Active Protection System market by product type and applications/end industries. Factors such as modernization of armed forces, rise in asymmetric warfare, and rising need for security from different types of weapon systems are expected to drive the market during the forecast period.

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    The use of active protection systems in defense has increased considerably in the past few years, mainly driven by the rise in the number of warfare platforms being manufactured worldwide. These warfare platforms require systems that can help detect, track, and defend against incoming threats.
    On the basis of platform, the active protection system market has been segmented into air defense and ground defense. The land segment is projected to keep being the major market during the forecast period. The rising demand for active protection systems can be attributed to several factors, including increasing focus on close combat systems, upgradation of existing armored platforms, need for connected warfare systems, and safety of soldiers in a warlike situation, among others.
    The global Active Protection System market is valued at 4110 million USD in 2017 and is expected to reach 5610 million USD by the end of 2023, growing at a CAGR of 6.4% between 2017 and 2023.
    The AsiaPacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

    North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Active Protection System. Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.

    Get More Info on This Report@ https://www.planetmarketreports.com/reports/global-active-protection-system-market-10642

    Market Segment by Companies, this report covers
    Rafael Advanced Defense Systems Ltd.
    KBM
    Israel Military Industries
    Rheinmetall AG
    Raytheon Company
    Artis, LLC
    Saab AB
    Aselsan A.S.
    Safran Electronics & Defense
    Airbus Defense and Space

    Market Segment by Regions, regional analysis covers 
    North America United States, Canada and Mexico
    Europe Germany, France, UK, Russia and Italy
    AsiaPacific China, Japan, Korea, India and Southeast Asia
    South America Brazil, Argentina, Colombia
    Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Get More Enquire About This Report@ https://www.planetmarketreports.com/enquire-now/global-active-protection-system-market-10642

    Market Segment by Type, covers
    Soft Kill System
    Hard Kill System

    Market Segment by Applications, can be divided into
    Air Defense
    Ground Defense

    ICT Media Reports@ https://www.planetmarketreports.com/category/information-and-communication-technology-and-media-market-report

    About Us:-

    Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe. We associated with global market research a publisher who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.

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