FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 389
Companies: 43 – Players covered include Artis, LLC.; Aselsan A.S.; Imi Systems Ltd.; JSC RPC KBM; Rafael Advanced Defense Systems Ltd.; Raytheon Company; Rheinmetall AG; SAAB AB; Safran Electronics & Defense and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Defense, Homeland Security); Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor); Platform (Land, Naval, Airborne)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Active Protection System Market to Reach $5 Billion by 2026
Amid the COVID-19 crisis, the global market for Active Protection System estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. Defense, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$3.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Homeland Security segment is readjusted to a revised 4.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1 Billion in 2021, While China is Forecast to Reach $801.7 Million by 2026
The Active Protection System market in the U.S. is estimated at US$1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$801.7 Million by the year 2026 trailing a CAGR of 4.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. More
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