Global Market for Active Protection Systems Overview
Active protection systems have become a vital part of the defence procedures. These systems are used for monitoring and hunting down the rocket-propelled grenades and anti-tank missiles. Rising warfare, improving weapons and need for better security procedures is propelling the market. The global active protection systems market is projected to grow with nearly 07 % annual rate. The governments are investing in developing new active protection systems for vitalising the national defence structure, which is helping the market in gaining pace.
Companies themselves are carrying the research & development programs for looking into the new aspects of any particular technology. Upgradation of existing systems, need for smart weapon technologies and safety of soldiers are the factors responsible for the seamless opportunities in this segment and will carry the market towards robust future posture. Active protection systems are capable of tracking and alternating the signal when this system sense and detects any incoming threats.
These systems are capable of eradicating threats from fixed and moving launch pads. As the terrorist attacks and cross border tensions are increasing, the systems up-gradation to the latest technologies has become vital for ensuring national security. Apart from vast usage on universal levels, the global active protection systems are facing challenges against the high developments costs and increasing cyber-attacks to nullify the system’s functioning. The companies and authorities are regularly working on protecting the market from online attacks and improving the trust in this system.
Market Segments of Active Protection Systems global market
The global active protection market is segmented into two parts:
Types: Soft kill and hard kill systems are the types of active protection systems market.
Uses: These systems are used for the air and ground defence.
America, Europe, Asia Pacific and The Middle East & Africa are the major regions observed for the active protection systems market.
The American region is the largest global market and will stay at the top during the forecast period. Increasing demands for effective security measures, rapid up-gradation of old systems, need for effective automation and growing budgets for defence are the primary reasons for the regular and rapist growth of this market. The European region is the third-largest market due to increasing incidences of terrorist activities, demand for robust defence systems and growing investments.
The Asia Pacific market is in third place but will emerge as the fastest-growing market during the forecast period. Factors like increasing unrest between the countries, active militant groups and growing budgets for robust defence systems are the primary reasons for the consistent growth of active protection systems in this region. Countries like India, China, Japan and S. Korea are the major shareholders of this market.
The Middle East & African regions will show comparatively slow growth with U.A.E. as the fastest growing market in this region.
Recent Industry News
The global active protection systems market is gaining importance among all the regions. Still, the factors like high costs and danger from cyberattacks are responsible for the limited growth of this market. The American region is the current market leader and will stay in the same position during the forecast period. In contrast, the Asia Pacific region will emerge as the fastest-growing market.