Global Active and Passive Protection Systems Market and Technology Forecast to 2028: Advancements in Sensor Technology, Increase in Urban Warfare, Advancements in Munition & Material Sciences
DUBLIN, July 20, 2021 /PRNewswire/ -- The "Global Active and Passive Protection Systems - Market and Technology Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Protection systems market is poised to achieve a revenue of USD 16 Billion by the year 2028 from a value of USD 11 Billion in 2019.
This report covers the changing market trends and scenarios based on this market. A forecast analysis has also been provided to understand the shifting market dynamics. Advancements in terms of munition technology act as a key driver for this market. Weapon systems with homing capabilities and advanced sensor-based technologies have been penetrating the market. Therefore, it is essential to develop defense technologies that can shield the assets.
Advancements in the field of material sciences act as another driver for the market. The mobility and maneuverability associated with IFVs are poor due to the weight of the vehicle. Therefore, materials with high tensile strength and stress to strain ratio are now being used to develop components of combat systems. Moreover, the cost benefactor associated with conventional APCs is high. The inclusion of optimized material science technology lowers the cost associated with vehicle maintenance.
The market is studied across regions including North America, Europe, Asia Pacific, Middle East, and RoW. North America has the largest market size owing to the presence of key players and advanced defense-based research capabilities associated with the U.S. The presence of countries like Russia and China are expected to accelerate the growth of the APAC regional segment. Therefore, APAC is expected to grow with a CAGR of less than 10% during the forecast period. Passive protection systems are expected to have the largest market share.
Hybrid Protection systems technology was introduced in the year 2019, it is a combination of a layered passive protection technology embedded with APS sensors. This segment is expected to be the fastest-growing technology during the forecast period.
The report is aimed at
2 Executive Summary
3 Current Market Overview of the Global Active and Passive Protection Systems Market
4 Current Market Trends of the Global Active and Passive Protection Systems Market
5 Market Technologies
6 Market Dynamics
7 Country Analysis
8 APS Technologies
9 Global Active and Passive Protection Systems to 2028 by Platform
10 Global Active and Passive Protection Systems to 2028 by Protection System
11 Global Active and Passive Protection Systems to 2028 by Region
12 Global Active Protection Systems Market to 2028 by Components (Only APS)
13 Opportunity Analysis
For more information about this report visit https://www.researchandmarkets.com/r/lblp7t
Research and Markets
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