DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Active Protection System Market - Global Forecast to 2022" report to their offering.
The active protection system market is projected to grow from USD 2.84 billion in 2016 to USD 4.15 billion by 2022, at a CAGR of 6.50% from 2016 to 2022. This market is driven by several factors, such as rising number of wars and cross-border disputes, the rise of asymmetric warfare, and increasing military use of offensive weapons for tactical operations. However, the declining defense budgets of developed countries may restrain the growth of the active protection system market in the U.S., the U.K., France, and Germany.
Based on kill system type, the active protection system market has been segmented into soft kill system, hard kill system, and reactive armor. The hard kill system segment is projected to grow at the highest CAGR during the forecast period. This segment's high growth can be attributed to the increasing demand for hard kill countermeasures. Hard kill system detects as well as neutralizes an incoming threat of various types, provides a 360-degree protection against modern missiles/projectiles, and is effective against shaped charge warheads.
Europe is estimated to account for the largest market share during the forecast period. One of the key factors driving the Europe active protection system market is the continuous upgrade of warfare platforms with newer technologies. Russia and the U.K. are the two major countries increasingly investing in active protection systems and related technologies.
- Airbus Group
- Artis, LLC
- Aselsan A.S.
- Israel Military Industries
- Rafael Advanced Defense Systems Ltd.
- Raytheon Company
- Rheinmetall AG
- Saab AB
Safran Electronics & Defense
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Active Protection System Market, By End User
8 Active Protection System Market, By Platform
9 Active Protection System Market, By Kill System Type
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/qtp9jb/active_protection