Active Protection System Market
Active Protection System Market is expected to reach US $4.68 billion by 2027, thanks to growth in the land-based segment. The report analyzes Active Protection system market dynamics by region, platform, kill system, and solution.
Active Protection System Market Overview:
The Active Protection System Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Active Protection System Market , as well as the reasons for variations in the industry's growth between regions.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Active Protection System Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the reports.
Active Protection System Market Segmentation:
Based on Platform, the active protection system market is segmented as, land-based, airborne, and marine. Main battle tanks (MBTs), light protected vehicles (LPVs), amphibious armored vehicles (AAVs), mine-resistant ambush-protected (MRAPs), infantry fighting vehicles (IFVs), armored personnel carriers (APCs), and others make up the land-based category.
In 2020, the Land-Based sector commanded the majority of the market. The US government's supremacy is because of the greater funding from private companies to acquire defense equipment and combat vehicles. The US Army and Leonardo DRS inked a deal in November 2019 to acquire an APS and its components for the Abrams main combat tanks.
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Active Protection System Market Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Active Protection System Market are as follows:
• Airbus SAS
• Artis LLC
• Aselsan AS
• Israel Military Industries
• KBM
• Rafael Advanced Defense System Ltd.
• Raytheon Technologies Corporation
• Rheinmetall AG
• SAAB AB
• Safran
• IMI Systems
• Krauss Maffei Wegmann
• General Dynamics
• Others
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Active Protection System Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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Key Questions Answered in the Active Protection System Market Report are:
In 2021, which segment owned the greatest share of the Active Protection System Market ?
What is the competitive landscape of the Active Protection System Market ?
What are the key factors influencing Active Protection System Market growth?
In the Active Protection System Market , which region has the most market share?
What will be the CAGR of the Active Protection System Market over the forecast period (2022-2027)?
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