Outlook of the global strategic bomber market
The market analyst at Technavio predicts that the global strategic bomber market will grow steadily and post a CAGR of approximately 4% by 2020. The increasing utilization of strategic bombers in maritime military drills/patrols due to the changing nature of modern warfare will be one of the primary drivers for market growth. The extensive usage of strategic bombers for facilitating military drills, maritime patrols, and to drop heavy air-to-ground weaponry will lead to the development of innovative support sub-systems for strategic bombers. In recent times, there has been a requirement for the installation of padded active electronically scanned array (AESA) radar in the bomber division as they allow the aircraft to operate in both in adverse weather conditions and contested environments. Such advancements in technology and its extensive usage for a wide array of military applications will lead to the strong growth of the market during the estimated period.
There has been a significant development in stealth technology in recent times. The new generation of stealth aircraft will be made of flat surfaces and sharp edges that absorb the radar energy or reflect it away from the source and airplane. For instance, the Indian Air Force will enhance the operational capabilities of their stealth aircraft for ensuring safe penetration into hostile airspace. The increasing effort towards R&D will lead to the introduction of new stealth technologies such as design and development of unmanned aerial vehicles (UAV) and drones equipped with radio-frequency sensors such as AESA radar and passive electronic surveillance measures (
Overview of the global anti-tank missile system market
Market research analysts at Technavio have predicted that the global anti-tank missile system market will grow at a CAGR of almost 4% by 2020. Rise in border threats and national security concerns have prompted countries across the globe to design advanced anti-tank missile systems with enhanced speed, strike capabilities, and improved effectiveness. Of late, there have been high investments in the procurement of missile systems by developed regions like the Americas and Europe. Some of the most prominent R&D programs for anti-tank missile systems include AGM-158 Joint Air-to-Surface Standoff Missile (JASSM), AGM-114R HELLFIRE II Romeo, Long Range Anti-Tank Missile UMTAS, and Joint Air-to-Ground Missile (JAGM) program. The US government is also coming up with a sophisticated ground‐based air defense system and man‐portable short‐range missile system to provide protection against a wide range of aerial threats.
As per this industry research report, the latest trend gaining grounds in the market is the emergence of smokeless missiles. Chemring Defence, UK in collaboration with the MOD has developed a multiple-effect rocket system (MERS), which can fire missiles without emitting any smoke. It does not allow the detection of the origin of missiles and also reduces the risks of enemy attacks. This system is equipped with ground target smoke capability and can reach targets at distances of 2,000 feet. It has an advanced propellant that enables the payload to be stable, accurate in flight, and travel at a faster rate. These missiles have several benefits and advanced capabilities which has spurred investments in this technology.
Competitive landscape and key vendors
This market is highly competitive,
Overview of the global military infrastructure and logistics market
Technavio’s market research analyst predicts the global military infrastructure and logistics market to grow at a steady CAGR of more than 1% by 2020. Recently, it has been observed that most modern military forces are reforming their existing military bases, especially in the developed regions. They are also outsourcing specific functions to the external service providers who are assisting the army bases by providing secure wireless communication systems. The army forces are increasingly adopting advanced technologies like IP-based multimedia communication systems for their operations. For instance, the US Army’s Installation Information Infrastructure Modernization Program (I3MP) supports the engineering, procurement, implementation, and management of the army’s base level communication architecture across the globe. With more focus towards the infrastructure modernization programs, the market is expected to witness huge growth in the coming years.
The market is also witnessing the emergence of network-centric warfare (NCW)-based communication infrastructure, which is anticipated to encourage growth in the market during the forecast period. These advanced infrastructures enable the military to gain a competitive advantage by establishing effective networking, and dissemination of information. Recently, the Indian military force launched a multi-media communication satellite in collaboration with the Indian Space Research Organization (ISRO). Such initiatives will enhance the network-centric warfare (NCW) capabilities of combatant forces and will augment the joint warfighting capabilities of nations.
Segmentation by solutions and analysis of the military infrastructure and logistics market
- Military infrastructure
Overview of the global submarine payload and launch systems market
Technavio’s market research analyst predicts the global submarine payload and launch systems market to grow at a CAGR of more than 4% by 2020. Factors such as extensive investments in the development and installation of command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems, missiles, radars, and sensors on the submarines by countries such as the US, Russia, China, India, Iran, Japan, South Korea, Turkey, and the UK are driving the growth of submarine payload and the launch systems. There has been an increase in the installation of such systems on the submarines across the globe because of the increasing need for intelligence, surveillance, and reconnaissance (ISR) and communication by the defense authorities globally. Several countries are modernizing their naval defense units by manufacturing submarines, surface-mine countermeasure unmanned underwater vehicles (UUVs), and other combat and tactical UUVs. The increase in the number of these assets will simultaneously boost the global development of submarine payloads and launch systems.
Several countries across the world are focusing to develop advanced submarine warfare. Stealth submarines and UUVs have emerged as the most viable means of gathering intelligence, which has made them a crucial component of current and future military operational plans. The submarines and other undersea vehicles have improved their stealth and lightweight properties due to extensive R&D, extensive use of technology, and high-fidelity training. Such transformations have changed the degree of naval warfare. With greater investments and R&D, the introduction of stealth submarine poses a threat to efficient detection,
Outlook of the global ballistic protection market
Technavio’s market research analyst has estimated that the global market for ballistic protection to grow steadily at a CAGR of over 5% by 2020. The increased adoption of soft body armor is a significant factor spurring the growth prospects for this market. Soft-body armor is a type of ballistic protection armor, such as bulletproof vests, designed to protect army personals and special police task forces. Initially, materials such steel, iron, fiberglass, and ballistic nylon were used to manufacture them. However, due to growing concerns about reduced mobility and flexibility, many manufacturers have been compelled to use materials like ceramic, titanium, aluminum, and aramid fibers. Rapid technological developments that aim to reduce a soldier’s load and enhance personal protection will result in the augmented need for soft body armor during the estimated period.
A key factor contributing towards the growth of this market is the recent rise in asymmetric warfare. Over the last few years, there has been an increase in the number of armed conflicts globally. The conflicts such as ISIS conflict, Indo-Pak conflict over Kashmir and the Syrian civil war, the Lebanon conflict, and the conflicts between the US and North Korea are just a few examples. Increasing tensions across borders and between countries have led to an increase in the demand for ballistic protection products like bulletproof vests, headgear, eyewear, armored car, missiles, and shields among different end-users.
Competitive landscape and key vendors
This market is highly competitive as the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To survive and succeed in this intensively competitive market, it is crucial for vendors to provide cost-effective and high-quality ballistic protection equipment with latest
Overview of the global multi-function display (MFD) market
Technavio’s market research analyst predicts that the global multi-function display (MFD) market will grow at a rapid CAGR of over 9% by 2020. One of the key drivers for this market is the implementation of improved safety standards. Since flying has become more dependent on glass cockpit systems, the pilots and crew members have to get trained in dealing with every possible failure scenario. Statistics have shown that aircraft equipped with glass cockpits have a lower accident rate. Consequently, the US National Transportation Safety Board’s recommendation to the Federal Aviation Administration to have glass cockpit systems installed in airplanes to enhance safety will be implemented. As the glass cockpit certification process is not very expensive, installation of this system in all types of aircraft will have a positive impact on market growth during the forecast period.
In this industry research report, analysts have estimated factors like the installation of autopilot systems in aircraft to drive market growth during the forecast period. The autopilot system helps pilots to effectively monitor altitude, airspeed, distance, and weather conditions so that an airplane can be landed safely. Due to a tremendous surge in passenger traffic, many airlines have been compelled to take deliveries for approximately 40,000 aircraft to meet the rising demand. Consequently, the demand for autopilot landing systems will rise and, in turn, fuel market growth until the end of 2020.
Segmentation by application and analysis of the MFD market
- Commercial aerospace
The commercial aerospace segment dominates the global MFD market and is expected to account for over 60% of the total market share by the end of the forecast period. Due to the recent growth of
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.