HOME Research Insight Long-Term Contracts and Partnerships are Among the Key Strategies Adopted by Leading Players to Grow in The Active Protection System Market



Long-Term Contracts and Partnerships are Among the Key Strategies Adopted by Leading Players to Grow in The Active Protection System Market


In 2016, the active protection system market was dominated by Rheinmetall AG (Germany), Raytheon Company (U.S.), Saab AB (Sweden), Israel Military Industries (Israel), and Rafael Advanced Defense Systems (Israel), among others. These companies are expected to continue their dominance during the forecast period.

Contract was the key strategy adopted by the companies to grow in the active protection system market. This strategy accounted for a share of 50% of the total growth strategies adopted by the players in the active protection system market between 2011 and 2016.

Top two players of the active protection system market

Rheinmetall AG (Germany) operates through two major segments, namely, automotive and defense, wherein the defense segment deals in electronic solutions, such as active protection systems; command, control, and reconnaissance systems; land & flight simulation; and maritime & process simulation. The company’s core competencies include network-enabled optronics and sensors, platform-independent weapon systems, and capabilities-oriented innovations, such as new generation vehicles with improved protection concepts, C-RAM-capable air defense, and high-performance ammunitions, including non-lethal variants. The company majorly adopts partnership as a strategy to strengthen its position in the active protection system market. The company focuses its efforts on developing innovative high-tech products and setting new technological standards for the armed forces, both in the domestic and international markets. In 2015, Rheinmetall entered into a partnership agreement with Polska Grupa Zbrojeniowa SA (PGZ), a Polish defense contractor, to develop 6x6 wheeled amphibious armored vehicles with military system solutions, which include active protection systems.

The Raytheon Company (U.S.) mainly offers “Quick Kill”, which is an active protection system (APS) capable of intercepting and counteracting a number of threats by shooting them down. The Quick Kill APS is equipped with hard-kill counteractive measures that enable the multi-tracking and multi-engagement of enemy fire for troops and army vehicle protection. The company also received a number of contracts for its Patriot Integrated Air and Missile Defense System. For instance, in 2016, Raytheon was awarded a contract worth USD 600 million to upgrade the Patriot Integrated Air and Missile Defense System.

Companies such as Saab AB (Sweden), Israel Military Industries (Israel), and Rafael Advanced Defense Systems (Israel) have made a significant contribution to the global active protection system market. These companies, along with Artis, LLC (U.S.), are expected to witness significant growth in the coming years, primarily owing to the strategies of long-term contracts and acquisitions adopted by them in recent yea

Related Reports:

Active Protection System Market by End User (Defense, Homeland Security), Platform (Land-Based, Naval, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor), and Region - Global Forecast to 2022

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports