“Active Protection System Market (By Platform- Land-Based, Airborne, Naval. By End User- Defense, Homeland Security. By System Type- Electro-optics Jammers, Radar decoy, Directed energy, Infrared Decoy, Missile/Rocket Based, Light Weapon Defense) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2025”, in terms of revenue, the active protection system market was valued at US$ 2.29 Billion in 2016, and is expected to reach US$ 4.47 Billion by 2025, expected to grow at a CAGR of 7.8% from 2017 to 2025.
Active protection system is generally used for military application and is a kind of system that is designed to avert line of sight leading anti tank missiles from destroying a target. One of the major active protection system used in defence to destroy and intercept incoming rockets and missiles is Trophy (A SPRO-A). Active protection system (APS) is considered as advanced defense system of any military sector. This system is capable of interrupting and shooting down threats such as anti-tank missiles and rocket propelled grenades. The active protection technology uses radar and sensors, fire control technology, computer processing, target and knock down and ATGMs or Anti Tank Guided Missiles. However, around the globe technological progress of missiles, RPGs and enemy tank is leading the way to bring development in the active protection system technology. Among others the active protection system also offers protection from threats in several mission applications such as combat vehicles, ships and others. These are the major factors that supported the growth of the active protection system market during the forecast period.