Active Electronic Components Market Expected to Witness a Significant Growth

Posted by Ehtesham Peerzade on July 9th, 2019

Market Highlights

Active Protection System (APS) is a co-system combined into or installed on armored vehicles or combat vehicles. APS can automatically track and respond to the attacks/ targets with hard or soft kill capabilities including RPGs and ATGMs as per the situation. Such protection systems are used for detection and neutralization of threat projectiles before they strike or reach their target.

Defense or military sector defines a country’s strength; hence the governments of countries across the globe are ready to spend generously to upgrade their respective defense armories.  Owing to the vital role these active protection systems play in security and safety of militaries these are garnering a massive prominence across the defense sectors, worldwide. Resultantly, the global active protection system market is growing pervasively at a rapid pace.

Acknowledging the kind of growth, this market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global active protection system market is expected to reach exponential heights by 2023; registering a 7% CAGR throughout the review period (2018 to 2023).

Moreover, challenges that defense industry faces push the pressure further up to improve productivity in the APSs, responding to complex government regulations. As computers and system become more advanced, the technology required in the development of APS becomes less expensive. Furthermore, favorable strategies such as the one in the US – ‘Blue Ocean strategies’ will help the active protection system to grow at a rapid pace.

Additional factors substantiating the market growth include geopolitical instabilities and the automation of defense systems, investment in R&D to develop AP systems, and the wide uptake and utilization of APSs. Integration across all platforms for a seamless environment, where users will have access to real-time data and better accessibility to ground control stations, such technological trend would contribute to the market growth.

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Major Key players

• Aselsan A.S. (Turkey)
• Artis, LLC (U.S.)
• Airbus S.A.S (Netherlands)
• KBM (Russia)
• IMI Systems Ltd. (Israel)
• Rheinmetall AG (Germany)
• Raytheon Company (U.S.)
• Rafael Advanced Defense Systems Ltd. (Israel)
• Saab AB (Sweden)
• Safran (France).

Segmentation:

MRFR has segmented the analysis into four key dynamics; for better understanding: - 

By Platforms: Airborne (Fighter Aircraft, Helicopters, Special Mission Aircraft, and others.), Land-based (Amphibious Armoured Vehicles (AAV), Mine-Resistant Ambush Protection (MRAP), Infantry Fighting Vehicles (IFV), and others.), and Naval (Submarine, Frigates, Destroyers, others).

By Types: Hard Kill System (Rocket/Missile Based, Light Weapon Defense, Directed Energy Reactive Armor, and others.), and Soft Kill System (infrared decoy, radar decoy, electro-optics jammers, and others.)

By End-Users: Defense and Homeland Security among others.

By Regions:  North America, Europe, APAC and Rest-of-the-World.

Regional Analysis:

The North American region dominates the global active protection system market with a significant market share. Substantial technological advancements and their uptake alongside the colossal defense budget drive the market growth in the region. 

The European region is another lucrative market for APSs. Continuous improvement of warfare platforms with newer and advanced technologies is a key driving factor responsible for the growth of the regional market. European countries such as the U.K. and Germany backed by the enormous investments in APS and related technologies account for the significant growth contributors to the market growth in the region.

The Asia Pacific region is rapidly emerging as a promising market for APS due to the advancements in the APS related technologies. Simultaneously, increasing expenses on the development and up-gradation of the defense sector, especially in India and China are resulting in creating a large revenue pocket for the region.

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List of Tables

TABLE 1 GLOBAL ACTIVE ELECTRONIC COMPONENTS MARKET, BY PRODUCT TYPE, 2016-2022, (USD BILLION) 

TABLE 2 GLOBAL ACTIVE ELECTRONIC COMPONENTS MARKET, BY END-USER, 2016-2022, (USD BILLION) 

TABLE 3 GLOBAL ACTIVE ELECTRONIC COMPONENTS MARKET, BY REGION, 2016-2022, (USD BILLION) 

TABLE 4 NORTH AMERICA ACTIVE ELECTRONIC COMPONENTS MARKET, BY COUNTRY, 2016-2022, (USD BILLION) 

TABLE 5 NORTH AMERICA ACTIVE ELECTRONIC COMPONENTS MARKET, BY PRODUCT TYPE (USD BILLION) 

TABLE 6 NORTH AMERICA ACTIVE ELECTRONIC COMPONENTS MARKET, BY END-USER (USD BILLION) 

TABLE 7 U.S. ACTIVE ELECTRONIC COMPONENTS MARKET, BY PRODUCT TYPE (USD BILLION) 

TABLE 8 U.S. ACTIVE ELECTRONIC COMPONENTS MARKET, BY END-USER (USD BILLION) 

TABLE 9 CANADA ACTIVE ELECTRONIC COMPONENTS MARKET, BY PRODUCT TYPE (USD BILLION)