Technavio has announced the top five leading vendors in their recent global active protection system (APS) market report. This market research report also lists three other prominent vendors that are expected to impact the market during the forecast period.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171023006258/en/
Competitive vendor landscape
According to the research analysis, the global APS market has few multinational and regional suppliers, offering heterogeneous products and services. As the market is in its growth phase, the vendors are obliged to compete based on innovative technologies and upgrading their existing systems, quality, and reliability. Suppliers in EMEA have been conducting R&D on APS and EW systems for many years and have been dominating the market with their technical skill set.
“As the market evolves with newer anti-tank missiles and weapons systems with varied capabilities, there exists a chance for vendors in APAC and the Americas to come up with product offerings that are more precise, rank high on the technical front, and are offered at lower prices than the multinational vendors,” says Moutushi Saha, a lead construction research analyst from Technavio.
The report also states that to remain competitive in the market, existing key vendors should identify and respond to the evolving trends of geopolitical situations for their long-term survival in the market. Vendors should respond to the changing military spending and buying pattern, by offering APS with advanced capabilities such as extensive range and quick reaction systems. This can be a significant strategy for vendors to create a demand for their new products by substituting the old.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio market research analysts identify the following key vendors:
General Dynamics produces missiles, tanks, rockets, warships, submarines, fighters, and electronics for all military services. The company has a presence in 43 countries. General Dynamics Ordnance and Tactical Systems partnered with Israel Military Industries (IMI) to offer APS - Iron Fist - for vehicles.
Rafael Advanced Defense Systems
Rafael Advanced Defense Systems designs, develops, manufactures, and supplies a wide range of high-tech defense systems for air, land, sea, and space applications. The company has years of experience in developing, manufacturing, and fielding APS for both light and medium tactical vehicles. The two different APS solutions provided by Rafael are the Trophy-HV and the Trophy-LV.
Raytheon is a technology and innovation company that provides its solutions for the defense and other government markets across the world. The company provides electronics, mission systems integration, and other solutions in the areas of sensing, effects and command, control, communications, and intelligence systems, along with a broad range of mission support services.
Rheinmetall, an automotive and defense company, is considered as a market leader in environment-friendly mobility and threat-concerned security technology. The operating activities of the company are split into two sectors, Rheinmetall Defense and Rheinmetall Automotive. Rheinmetall develops active defense systems (ADS) capable of identifying ballistic missiles at short range. The ADS can destroy incoming threats in less than one-tenth of a second.
Saab produces products and services that cater to the global military defense and civil security, with its most important markets in Europe, South Africa, the US, and Australia. In the global APS market, Saab manufactures a series of Land Electronic Defense System (LEDS) that combines an active signature management and soft and hard kill mechanisms to provide full spectrum active protection to land vehicles.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Browse Related Reports:
- Global Defense Tactical Radio Market 2017-2021
- Global Fuel Cells for Military Unmanned Aerial Vehicle (UAV) Market 2017-2021
- Global Signal Intelligence System Market 2017-2021
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.