Overview of the global short-range air-defence (SHORAD) missile system market
Technavio’s market research analyst predicts the global short-range air-defence (SHORAD) missile system market to grow at a CAGR of more than 3% by 2020. In the recent years, there has been huge surge in the number of armed conflicts globally. Such disputes and hostilities across borders and between countries, along with the rapid development of missiles have prompted nations to focus on their defensive strategies, which has led to the increase in demand for short-range air defense missile systems. SHORAD missile systems are advanced missiles that are capable of long-distance operations and can travel around to hit targets. One of the latest developments in this market is the growing use of command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR). The growing applications of electro optic systems in surveillance operations has augmented the demand for C4ISR electro optic systems in air defense missile systems. These systems are effective in tracking stealth aircraft and low-observable missiles. The C4ISR provides intelligence to short-range missiles that have ultra-high frequency (UHF) surveillance radar capable of targeting from a long-range detection to a near-range detection.
Owing to the high-risk factor associated with the traditional radar systems, the manufacturers in the market are developing high-tech radar technologies to meet the future military requirements. Such radars are sited near the hostile territory and as the missile launches, they acquire it in the ascent phase of flight. These advanced radar systems track and identify the potential threat, and pass this critical information to the decision makers in the command and control battle management network
Overview of the global multiple launch rocket systems (MLRS) market
Technavio’s market research analyst predicts the global multiple launch rocket systems (MLRS) market to grow moderately at a CAGR of more than 3% between 2016 and 2020. With the constantly changing warfare strategies coupled with the rising security threats especially at the borders, most of the countries across the globe are highly focusing on the procurement of MLRS. MLRS is not only cost-effective compared with other artillery systems but also has features such as high precision and accuracy in striking targets, incurs low collateral damage in urban areas, and requires low maintenance. MLRS has wide implementation by armies of the US, the UK, Greece, Germany, Norway, Denmark, Netherlands, France, Italy, and Turkey. These nations constantly look for innovations and modifications by altering their tactical parameter such as operational range to improve their defense and strike capabilities. The growing need to increase the maximum range of fire, accuracy, and target range with various warheads is driving the demand for modernization in the MLRS market. Governments of countries across the world have initiated several modernization programs to improve these tactical parameters, resulting in positive growth of the market during the forecast period.
One of the latest trends that this market is witnessing is the growing focus towards the development of long-range MLRS. At present, several prime defense contractors are aiming to manufacture long-range MLRS for effective and improved guidance that enables rockets to strike targets up to a distance of 120 miles. For instance, the Indian Army is developing a new long-range MLRS, which is expected to have newly-designed
Overview of the global smoke grenade market
Technavio’s market research analyst predicts the global smoke grenade market to grow moderately over the predicted period, posting a growth rate of around 7%. One of the primary factors contributing to the growth of this market is the increasing utilization of smoke grenades in riot controls in many countries across the globe. The low-cost and easy availability of these grenades is one of the primary incentives for the law enforcement agencies to procure and use them in various countermeasure operations. Smoke grenades are less lethal and are capable of providing superior tactical advantages over conventional lethal weapons in riot control operations. Also, these are quite effective in combating the effects of laser-based weapons. The smokescreen created by smoke grenades can efficiently deter the threats of existing laser-based weapons.
According to this market study, one of the latest trends gaining traction in this market is the emergence of handheld multi shot grenade launchers. The use of non-lethal or less-lethal smoke grenade launchers has become quite essential in the recent years. Technological advancements in the market have led to the development of new generation non-lethal handheld grenade launchers for military and police forces. Several companies in the market are making investments in technologies that develop effective and lightweight grenade launch systems that can be used for both firepower and non-lethal applications. Owing to the growing concerns over safety measures, vendors in the market are using eco-friendly agents in the manufacture of smoke grenades to reduce the risk of toxic contamination.
Competitive landscape and key vendors
To sustain themselves in the market
Global outlook of the laser defense eyewear market
According to Technavio’s market research analysis, the global laser defense eyewear market will grow at a CAGR of around 5% during the forecast period. The growing use of laser weapons in the defense sector is one of the key factors contributing to the growth of this market. Owing to the detrimental effects of laser weapons, which are capable of skin damage, eye injuries, and even death, several vendors are developing laser protection eyewear (LPEs). These glasses protect eyes from the damage caused by visible and invisible wavelengths of laser beams by filtering out the uni-frequency laser rays. Over the years, there has been significant developments in several commercial, industrial, medical, and scientific laser applications. The coherent and high monochromatic properties of laser have enabled these specialized applications across commercial sectors. As per government regulations and standards, the growing usage of laser has led to the simultaneous development of LPEs across end-user industries to protect eyes from harmful laser radiations.
The modern-day laser safety officers (LSOs) in the military, medical, and R&D applications are opting for high-performance LPEs. Such requirements have pushed market vendors to develop comfortable and stylish eyewear, with the required laser protection specifications, which the industrial workers, military personnel, and other customers would wear to combat potentially hazardous laser exposures. For instance, Honeywell has come up with stylish and comfortable LPEs for the armed troops, police, and law enforcement officers. These glasses are durable, scratch proof, and are available in multiple frame styles.
Competitive landscape and key vendors
Marked by an intensely
Overview of the global military load carriage systems market
According to the market research analyst at Technavio, the global military load carriage systems market will grow steadily at a CAGR of around 3% by 2020. One of the primary factors contributing to the growth of the market is the deployment of improved load bearing equipment (ILBE). ILBE an advanced load carriage system specifically designed for the marines or soldiers. The load carriage system includes a modular tactical vest and an outer tactical vest, which integrates with intelligent systems and assists troops in the battlefield. Other components that are included in the system comprise assault packs, hydration system, and manpack, which are carefully designed for the swift mobility of armed troops. For instance, BAE Systems has come up with a Modular Lightweight Load-carrying Equipment (MOLLE) system, which is equipped with adequate weaponry and sustainability kit like a global positioning system (GPS), tactical assault panel (TAP), and a radio and focuses on the comfort of the army and their survivability on the battlefield.
A recent trend observed in the market is the introduction of integrated load carriage system (ILCS). This system is designed for the optimum weight distribution of the gear, which includes backpacks and body armors. The weight is strategically distributed onto the hips and legs of military personnel to reduce stress levels and fatigue. Also, the system consists of an independent battle belt for unrestricted movement and efficient performance of soldiers. These systems can be custom designed to suit the solder’s comfort level and are specific to their
Overview of the global amphibious assault vehicle (AAV) market
Technavio’s market research analyst predicts that the global amphibious assault vehicle (AAV) market will grow at a CAGR of more than 9% by 2020. There is an increase in the demand for large amphibious vehicles because of their wide applications in civil and military forces. These ships provide several benefits in military operations, such as in the transportation of armored vehicles and armed troops, as well as in carrying out humanitarian missions and relief work. AAVs are the oldest military vehicle platform, specifically in the areas of land mobility, lethality, reliability, and command, control, communications, computer, intelligence. The numerous capabilities of these naval vessels have propelled massive investments, which will, in turn, boost the growth prospects of this market during the forecast period.
3D printing is an evolving technology that helps users to create innovate designs and gives better results during mold manufacturing, computerized numerical control (CNC) cutting, or canvas printing. This technology can print electronics directly onto 3D surfaces; for instance, on naval vehicles, aircraft airframes, rocket engines, missile fins, and their guidance systems. The use of 3D printing would also improve the safety of the amphibious vehicles. Several attributes of 3D-printed AAVs are cost efficiency, improved competency, just-in-time (JIT) manufacturing, optimized performance, and weight
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.