Active Protection Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

LONDON, Aug. 1, 2017 /PRNewswire/ -- Active Protection Systems Market: Overview

Active Protection System (APS) can shoot down and interrupt different number of threats such as anti-tank missiles and rocket-propelled grenades with accuracy with minimum collateral damage. Active Protection System (APS) can also provide protection from these threats in various mission applications, such as fixed sites, ships and combat vehicles among others.

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Increase in the demand of land based defense system such as air and missile defense is boosting the market for active protection systems market. There are numerous major factors fueling the land based missile and air defense system such as use of strategic system and long range in conventional targets and ballistic missile. In addition, growing demand for ballistic missile defense system is the other factor driving the market in the coming years.

The collective efforts from the United States and South Korean government to grow the land based air and missile defense in South Korea is boosting the demand of active protection systems market. Likewise, India and China's increasing demand towards the growth of missile defense system are anticipated to drive the active protection system market. However, clashes between several countries in Asia Pacific and Middle East are estimated to drive the market for short rang segment which in turn helping to boost the market for the active protection systems during the forecast period of 2017 – 2025.

Global Active Protection Systems Market: Segmentation

Naval, land and airborne are the various product types of the active protection system market. In 2016, land segment is the major market for active protection system followed by airborne and expected to be the same for the forecast period. The land segment is also growing at the high CAGR for the forecast period. Increasing threats from terrorist and cyber-attacks is one of the major factor driving the demand of land segment in active protection systems market for the forecast period of 2017 – 2025.

The active protection system market has been segmented on the basis of system types into radar decoy, electro-optics jammers, infrared decoy, directed energy, light weapon defense, rocket/missile based and others. In 2016, radar decoy segment dominated the market followed by infrared decoy segment and expected to be the same for the forecast period of 2017 – 2025. Increase in the terrorist activities and increase in the investment in military segment by developing countries are ome of the major factor boosting the market for the radar decoy segment in active protection system market.

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