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(EuropeNewsWire.Net, August 09, 2018 ) According to research for markets, the ‘Active Protection System (APS) - Global Market Outlook (2017-2026)' is a professional and in-depth study & with a focus on the current state of the global industry.
The Global Active Protection System 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, fast-paced expansion of anti-tank missiles and growing implementation of RPG shield initiatives are some of the key trends that will contribute to 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.
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Based on kill system type, hard-kill type segment accounted for the largest market share during the forecast period owing to 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.
SOME OF THE KEY PLAYERS IN GLOBAL ACTIVE PROTECTION SYSTEM (APS) MARKET INCLUDE
• General Dynamics
• Safran Electronics & Defense
• KBM Group LLC
• Aselsan A.S.
• Raytheon Company
• Israel Military Industries
• Airbus Group
• Rafael Advanced Defense Systems Ltd.
• Saab AB
• Rheinmetall AG
• Norinco Group.
KILL SYSTEM TYPES COVERED:
• Reactive Armor
• Soft Kill System
• Hard Kill System
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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.
END USERS COVERED:
• Military & Defense
• Homeland Security
• Other End Users
• North America
• Asia Pacific
• South America
• Middle East & Africa
WHAT OUR REPORT OFFERS:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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