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Market HighlightsActive 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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Segmentation:
The global active electronic components is segmented on the basis of product type and end-users. On the basis of product type the segment is further classified into semiconductor devices, optoelectronic devices, display technologies, vaccum tube and others. On the basis of end-users the segment is further classified into consumer electronics, healthcare, automotive, aerospace & defense, information technology and others.
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.
Key Findings
By product type, Integrated circuits is dominating the market with revenue USD 76.96 Billion in 2016 and is expected to grow with 11.42% CAGR.
By end-users, consumer electronics is dominating the market and has generated USD 73.5 Billion in 2016 and is expected to grow at 11.95% CAGR.
Geographically, North America region has been projected to hold the largest market share in global active electronic components market followed by Europe region, while Asia Pacific is expected to drive the market in coming years.
Key Players:
Some of the key players in the market are Hitachi AIC Inc. (Japan), Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S), Analog Devices, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Panasonic Corporation (Japan), Toshiba Corporation (Japan), STMicroelectronics (Switzerland), Renesas Electric Corporation (Japan) and Maxim Integrated (U.S.)
Intended Audience:
Electronic component manufacturers
Research organizations
Original equipment manufacturers
System Integrators
network equipment vendors
chipset vendors
software/application providers
user equipment manufacturers
network infrastructure integrators
Government Organizations
Research/Consultancy firms
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List of Figures
FIGURE 1 GLOBAL ACTIVE ELECTRONIC COMPONENTS MARKET: DRIVERS & RESTRAINTS
FIGURE 2 GLOBAL ACTIVE ELECTRONIC COMPONENTS: SUPPLY CHAIN
FIGURE 3 GLOBAL ACTIVE ELECTRONIC COMPONENTS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 4 GLOBAL ACTIVE ELECTRONIC COMPONENTS MARKET, BY PRODUCT TYPE, 2016-2022, (USD BILLION)
FIGURE 5 GLOBAL ACTIVE ELECTRONIC COMPONENTS MARKET, BY END-USER, 2016-2022, (USD BILLION)
FIGURE 6 GLOBAL ACTIVE ELECTRONIC COMPONENTS MARKET, BY REGION, 2016-2022 (USD BILLION)
FIGURE 7 NORTH AMERICA ACTIVE ELECTRONIC COMPONENTS MARKET, BY COUNTRY, 2016-2022, (USD BILLION)
FIGURE 8 NORTH AMERICA ACTIVE ELECTRONIC COMPONENTS MARKET, BY PRODUCT TYPE (USD BILLION)
FIGURE 9 NORTH AMERICA ACTIVE ELECTRONIC COMPONENTS MARKET, BY END-USER (USD BILLION)
FIGURE 10 EUROPE ACTIVE ELECTRONIC COMPONENTS MARKET, BY COUNTRY, 2016-2022, (USD BILLION)
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/active-electronic-components-market-2284
Release ID: 88922111
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