This report provides an analysis of the active protection system market from 2018 to 2027. It discusses industry and technological trends that are currently prevailing in the market. It analyses factors driving and restraining the growth of this market, as well as the challenges faced it. The market is estimated to be USD 3.9 billion in 2022 and is projected to reach USD 5.2 billion by 2027, at a CAGR of 5.5% during the forecast period. Key factors fueling the growth of this market include growing demand for advanced defense systems.
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On the basis of kill system type, the active protection system market has been segmented into soft kill, hard kill, and reactive armor. Soft kill systems can duplicate the signature of the protected platform and can disrupt the line of sight of the incoming threat. This segment has been further divided into electro-optic jammers, radar decoys, infrared decoys, and others. Hard kill measures are effective against shaped charge warheads, multiple explosive formed projectiles (Multi EFP), rockets, KE rounds, IEDs, and other ammunition. This segment is projected to grow from USD 1,126 million in 2022 to USD 1,571 million by 2027, at a CAGR of 6.9% during the forecast period. This segment’s growth is attributed to the rapid technological progress of enemy tank rounds, missiles, and RPGs which is driving armed forces to test and develop active protection systems for their fleets of tanks.
Based on platform, the active protection system market has been segmented into ground, airborne, and marine. Active protection systems mounted on a platform are equipped with both, hard kill as well soft kill capabilities. Soft kill measures usually include the reduction of the signature or augmentation of the signature. A protection system typically employs soft kill measures such as decoys and other countermeasure systems. Hard kill capabilities include detecting as well as destroying the incoming threat with a counter-weapon system.
On the basis of end user, the active protection system market has been segmented into defense and homeland security. The defense end-use market is huge, as active protection systems can be mounted on almost every platform, such as combat vehicles, naval ships, and military aircraft. The primary function of active protection systems is to intercept, jam, confuse, and destroy incoming threats. These systems are widely used by defense forces for the survival of their warfare platforms in combat scenarios. They have also been adopted by homeland security agencies to minimize the damage from threats in radical and strained environments.
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Transparency Market Research (TMR) has published a new report titled, ‘Nitinol Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global Nitinol medical devices market was valued at US$ 14,571.7 Mn in 2018 and is projected to expand at a CAGR of 8.5% from 2019 to 2027.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1685 OverviewNitinol is an unique class of shape-memory alloy that is made of nickel titanium.
Nitinol properties include the shape-memory effect, super elasticity, and high damping capability.
These technical properties of nitinol shape-memory alloy can be modified to a large extent by changes in composition, heat treatment, and mechanical working.Some of the major properties of nitinol include high fatigue strength, nonmagnetic, high power/weight ratio, corrosion resistance, heat resistance, and biocompatible.Nitinol is used in cardiovascular stents, kink resistant guide wires, minimally invasive surgical tools, and self-locking orthopedic devices.
).North America dominated the global nitinol medical devices market in 2018 and the trend is anticipated to continue during the forecast period.
Increasing adoption of technological advanced products and increasing prevalence of peripheral artery disease has contributed to dominant share of the region in global market.Asia Pacific is likely to be a highly lucrative market for nitinol medical devices and it is expected to expand at a high CAGR during the forecast periodRequest Customization on Nitinol Medical Devices Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=1685 Increased Clinical Application of Nitinol Based Products in Medical Procedures to Drive MarketUsage of nitinol in the medical industry has increased due to demand for minimally invasive procedures utilizing novel instruments and implants.
Online Pharmacy Market 2021Global online pharmacy (E-Pharma) market is expected to reach US$ 150,891.1 million by 2027, growing at an estimated CAGR of 14.8% over the forecast period as they make the life of patients simplerOnline pharmacies tend to provide services that help patients comply with their drug therapies.
This enables the consumers to make informed decisions and save money.
Also, the penetration of new entrants has made the overall online pharmacy market fragmented in nature.
Patients with limited mobility or living far from the pharmacy tend to benefit tremendously from legitimate internet pharmacies.
Owing to attractive advertisement campaigns of pharmaceutical companies on television in the press and low cost products, consumers find the aforementioned option to be more beneficial.
However, risk associated with counterfeit prescription drugs is expected to critically impact the overall market growth.
