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Market Research Future (MRFR) expects the global active protection system market to achieve a CAGR of over 7% during the forecast period (2018-2023).
Market Drivers and Key Barriers
Active protection systems are used for bringing down as well as interrupting threats like rocket-propelled grenades and anti-tank missiles. In addition, these systems showcase a high degree of accuracy which helps reduce collateral damage. Active protection system also protects against these threats in numerous mission applications, such as ships, combat vehicles and fixed sites, among others. On account of several unique perceived benefits, active protection systems are noting strong demand across various regions all over the world.
Active Protection System Market
The global active protection systems market is benefitted from robust demand for land-based defense system as well as ballistic missile defense system. Great efforts by the governments of the United States (U.S.) and South Korea for building land-based air and missile defense in South Korea gives a substantial boost to the active protection systems market. Similarly, China and India’s efforts to improve missile defense system could lead the market to greater heights in the near future.
Surging implementation of RPG shield initiatives is slated to be a prominent trend that will stimulate market growth. Additionally, issues like heavyweight of countermeasures are being countered by APS vendors by developing innovative and advanced systems. One of the renowned players, Control Products Corporation has created a patented RPG Shield technology which is lightweight and has a nonstop-rotating drum countermeasure targeting as well as launching system. This technology offers quicker reaction compared to conventional gun and gimbal turret systems in terms of shooting incoming RPGs.
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