Overview of the global submarine-launched missile market
The global submarine-launched missile market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. Increasing investments in the development of submarine-launched missiles will drive the growth prospects for the global submarine-launched missile market in the forthcoming years. The rising need for countries to maintain their competitiveness on a global level will lead to the extensive development of advanced submarine-launched missiles. Also, various regions such as the Americas and Europe are increasing their investments in the development of submarine-launched missiles to strengthen their submarine forces. Moreover, such investments will help in the development, maintenance, and procurement of various missile systems. For instance, in 2016, post the announcement of the modernization of the US nuclear forces, Russia commissioned designers to design and develop Sarmat, an advanced SLBM, by 2020.
The emergence of 3D printed submarine-launched missiles will drive the growth prospects for the global submarine-launched missile market in the forthcoming years. At present, 3D printing technology is increasingly replacing conventional techniques such as the computerized numerical control (CNC) cutting, mold manufacturing, or canvas printing. One of the major factors responsible for the growing popularity of 3D printing technology is its increasing use in printing electronics directly onto 3D surfaces, such as on rocket engines, missile fins, and their guidance systems. Also, since it reduces the size and weight of submarine-launched missile systems, it is highly preferred in the submarine industry. Some of the benefits of using of 3D-printed submarine-launched missiles are its cost efficiency, improved competence of missiles, just-in-time (JIT) manufacturing, optimized performance, and weight reduction.
Overview of the global man-portable rocket launcher market
The global man-portable rocket launcher market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The increasing need for lightweight rocket launchers will drive the growth prospects for the global man-portable rocket launcher market until the end of 2021. To assist soldiers during their mission operations, they need to carry several pounds of armed weapons and other equipment to the battlefield, which comprises of weapon systems and batteries. Since these weapons and equipment are heavy to carry, it is necessary to provide the soldiers with lightweight tools to enhance their performance on the battlefield. For instance, some of the lightweight rocket launchers are M3 Carl Gustaf, RGW 90, RPO-A Shmel, and RPG-7. Furthermore, one of the major factors responsible for bringing down the weight of rocket launchers is the use of smart textiles. As a result, various weapon vendors have started replacing the conventional mortars and heavyweight portable rocket launchers like Javelin with lightweight and highly accurate systems.
The advent of launchers with low collateral damage will drive the growth prospects for the global man-portable rocket launcher market during the forecasted period. One of the emerging trends in the market is the advent of launcher systems that can be operated across various locations such as buildings, urban areas, and confined spaces. Also, they are designed to reduce the firing noise, flash, and smoke. Furthermore, the ability of these low collateral damage rocket launchers to break walls or doors of buildings during an assault in urban warfare operations is increasing its demand in the market.
Competitive landscape and key vendors
The global man-portable rocket launcher market is highly competitive and diversified due to the presence of a
Overview of the global attack helicopter market
Technavio’s market research analyst predicts the global attack helicopter market to grow at a CAGR of more than 5% between 2017 and 2021. Attack helicopters play a crucial role in both manned and unmanned aircraft owing to the integration of new network electronics in them. Countries are increasingly deploying attack helicopters for quick strikes and rescue missions. Due to their mobility feature, most of the armies are making extensive investments in the development, manufacture, and upgradation of such aircraft. Attack helicopters provide ground attack forces with high flexibility to armies which need a complete arsenal for military operations. Also, these helicopters are capable of rapidly destroying multiple enemy targets simultaneously, while generating maximum kill ratio before being detected by the enemy forces. These platforms can also easily deploy fire-and-forget long-range engagement missiles. With the growing incorporation of advanced lethal weaponry systems in several defense systems across the globe, the growth prospects for attack helicopter market will also increase in the coming years.
With the growing importance of the implementation of vertical take-off landing (VTOL) technology in military platforms, several governments and defense authorities across the globe are undertaking various R&D initiatives to incorporate VTOL in attack helicopters. Moreover, the increasing requirement for forward flight and a high lift has necessitated the focus on the installation of VTOL technology in attack helicopters. For instance, in 2016, AVX
Global outlook of the military vertical take-off and landing (VTOL) aircraft market
Technavio’s market research analysts predict the global military VTOL aircraft market to grow steadily during the forecast period and post a CAGR of almost 4% by 2020. This industry research report identifies the rise in number of aerial platform replacement projects to be one of the major factors that will have a positive impact on the growth of the VTOL aircraft market in the coming years. The advantages of VTOL aircraft especially in terms of aircraft capability and performance will induce defense agencies across the world to initiate new programs towards the replacement of old aircrafts with VTOL aircraft. As a part of the US army’s Joint-MultiRole Technology Demonstrator (JMR-TD) program, the Department of Defense (DoD) has already initiated the development of the tiltrotor V-280 Valor. Such programs will increase investments towards the development and deployment of next-generation vertical takeoff aircraft, in turn, propelling market growth.
One of the major trends that will gain traction in this market in the coming years is the development of fully electrical vertical lift aircrafts. The efficiency of electric systems over combustion systems and the constantly increasing demand for environment-friendly aircrafts that are fuel efficient will demand the development of electrical aircrafts. With the development of hybrid electric vehicles such as the Model S from Tesla that uses almost 90% of the energy into motion using the electric system, players in the aerospace industry will start focusing on the development of similar engines that can increase aircraft efficiency
Overview of the global military aircraft modernization, upgrade, and retrofit market
Technavio’s market research analyst predicts the global military aircraft modernization, upgrade, and retrofit market to grow at a CAGR of more than 2% between 2017 and 2021. Several military forces across the globe are renewing their military aircraft fleets to keep pace with the changing nature of modern warfare. Such growing requirement for advanced military aircraft is a major factor driving the market growth. Coupled with the development of new aircraft, defense ministries are focusing on retrofitting the aging fleets of military aircraft to make them technologically advanced as per the evolving demands and requirements. Many defense authorities are also focusing on renovating their older military airborne fleet with enhanced and upgraded CNS systems. Also, several surveillance systems are being installed in airplanes as emergency warning systems to enhance aircraft situational awareness of pilots and reduce their workload. Also, special mission airplanes are being deployed for reconnaissance and surveillance missions across land and maritime borders, which has necessitated the retrofitting of CNS systems into existing fleets of military jets.
The global military aircraft modernization, upgrade, and retrofit market is extremely fragmented, with several companies collaborating on a single project. As most of the upgrade programs include high expenditure, the domestic companies are entering into strategic alliances and technology transfer agreements with international companies. The governments of many countries are opting to outsource the capital- and material-intensive modernization and upgrade activities to specialized service providers. These nations face inadequate supply of spare parts, lack of skilled manpower, and obsolete equipment and technologies to carry out the modernization process. Some of the potential
Overview of the global military aircraft avionics market
The global military aircraft avionics market is anticipated to grow at a steady rate and will post a CAGR of more than 3% during the forecast period. The increasing demand for the installation of SVS (synthetic vision system) in aircraft will drive the growth prospects for the global military aircraft avionics market during the forecast period. SVS in aircraft is used to overcome the issues associated with limited outside visibility for the pilot. Prior the development of SVS, a number of imaging sensors have been used to enhance the visibility for the pilot. These sensors consisted of both active or passive sensors that were used to penetrate weather phenomena such as fog, darkness, rain, haze, and snow. Generally, under foggy weather conditions and heavy precipitation, the infrared sensors and high-frequency radars do not perform properly. As a result, SVS were developed as it helped the pilots to fly safer with increased positional awareness regardless of the weather conditions. The various elements of SVS include enhanced intuitive view, hazard detection and display, integrity monitoring and alerting, and precision navigation guidance.
The increasing research work in green avionics will further drive the prospects for market growth during the estimated period. It includes research on lead-free products that vendors of the global military aircraft avionics market will have to switch to in the near future. Lead products are highly toxic in nature and are used for coating and soldering of the electronic components in an aircraft. To replace the use of toxic lead materials, lead-free products must be developed even though their production is expensive.
Competitive landscape and key vendors
The vendors in the market experience strong competition in terms of cost, product quality, reliability, and market share. To
The defense industry is involved in the research and development, design, and production of military materials, equipment, and facilities. The industry can be divided into two major segments: defense contractors and the arms industry.
Defense contractors are the organizations that provide products and services to military departments and governments. The arms industry produces guns, ammunition, military aircraft, and associated products.
Ongoing budget cuts and funding constraints are expected to be a major challenge for the defense industry over the next couple of years. Several major defense programs have been cancelled and new platforms lack funding support from customers.
Global revenues in the defense sector will likely continue to decrease in 2015 at an estimated rate of 1.3%. This will be offset by greater defense spending in the United Arab Emirates, India, Russia, Japan, and South Korea, as these countries work to equip their militaries with modern defense platforms and technologies.
The world’s biggest defense contractors include BAE Systems, Boeing Defense, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon.