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News

Steady growth expected in military vehicle industry

Research And Markets : 18 March, 2014  (New Product)
Vehicles used within the defence industry are the subject of a market report forecasting steady growth through until the end of the decade
Steady growth expected in military vehicle industry

Research and Markets has announced the addition of the "Global Defense Vehicle Industry 2013-2020: Trends, Profits and Forecast Analysis" report to their offering.

Threats of terrorism, instability in the Middle East, and uncertainty in world affairs will influence defense budget outlays for many nations. Unmanned combat aircraft, multi-mission tactical vehicles, and better-armed protective vehicles represent unmet needs that are likely to be the driving forces in defence vehicle industry growth.

The global defence vehicle industry comprises manufacturers of military aircraft, land vehicles, and naval systems. Industry products are used by military forces, law enforcement, border patrol, corporations, and other special security forces. The industry is highly consolidated in terms of suppliers and buyers, and is highly dependent on government spending.

As indicated in the study, due to international conflicts and increasing geopolitical instability, demand for new and advanced land protective vehicles is expected to increase. This increase in demand is likely to be driven by emerging economies, such as India, China, and Brazil. Significant opportunities exist for advanced multi-purpose vehicles and armored combat vehicles required for military operations in the Middle East. Demand in naval systems may fluctuate over the forecast period. This research estimates approximately 3,000 new ships to be built worldwide over the next 20 years. North America is most likely to experience a decline in spending trends.

This report provides an overview of the industry and tracks three segments: military aircraft, land vehicles, and naval systems for industry performance in four geographic regions. Thus, 12 segments of the industry are tracked. The report studies manufacturers serving this segment, providing a six-year (2007-2012) annual trend analysis that highlights market size, profit, and cost structure for North America, Europe, Asia Pacific, and the Rest of the World. The report also provides a forecast, addressing market opportunities for the next eight years for each region.

The report can be purchased directly from Research and Markets here: "Global Defense Vehicle Industry 2013-2020: Trends, Profits and Forecast Analysis"

 

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