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Active protection system market (APS) to grow at a 6.29% CAGR to 2021 examined in new market research report

Active protection system market (APS) to grow at a 6.29% CAGR to 2021 examined in new market research report

One driver in the Active Protection System Market (APS) is development of aircraft APS.

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One trend in the Active Protection System Market (APS) is development of modular APS. Modular APS aim to incorporate capabilities that will be functional even against future missiles.

Hence, the vision for modular APS is to develop a suite of plug-and-play systems that will be able to adapt to the different threats as well as different army vehicles

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The analysts forecast global active protection system (APS) market to grow at a CAGR of 6.29% during the period 2017-2021.

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This report covers the present scenario and the growth prospects of the global active protection system (APS) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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Key players in the global active protection system (APS) market: General Dynamics, Rafael Advanced Defense Systems, Raytheon, Rheinmetall, and Saab. Other Prominent Vendors in the market are: ASELSAN, Israel Military Industries (IMI) Systems, and NORINCOGROUP.

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Active protection systems (APS) is a technology that integrates radars, sensors, fire control technology, and interceptors to detect, target, and negate incoming enemy fire. For decades, armored tanks and combat vehicles were the only sources of protection for the crew and vehicle against shells, rockets, and anti-tank guided missiles (ATGM).

Further, the Active Protection System Market (APS) report states that one challenge in the market is limited number of suppliers. The substantial technical skill set required for the development of APS is one of the major concerns in the industry, and not many countries or defense equipment manufacturing firms possess this capability.

Though there is a need for APS, the limited number of suppliers and the high cost of APS limit the procurement and growth of the global APS market. The US, which is one of the most advanced and largest military spending nation in the world, does not have an APS of its own and its APS are still under in their development phase.

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