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Technavio's market research analysis identifies the ongoing modernization in military logistics as one of the primary growth factors for the military floating bridge market. The logistics in military operations must exhibit speed, agility, and precision and the logistical capabilities of armies must be constantly upgraded. China modernized its logistics support force to extend strategic sustenance to its military operations and is increasingly investing in modern defense platforms such as submarines and stealth aircraft. The country has also created a missile force that controls nuclear deterrent activities and is focusing on establishing a modern logistics support force to improve its joint operations and training capabilities. According to our market research analysts, this market will grow steadily at a CAGR of more than 4% by 2021.
The emergence of rapid bridging solutions is identified as one of the key trends behind the growth of the military floating bridge market. The demand for enhanced logistics and components such as bridges, which can be constructed and deployed quickly is influenced by the rising need to move quickly and efficiently during combat situations. Crucial missions demand for the deployment of rapid deployment forces and convenient bridging solutions. Modular bridges are small segments that can be combined at the time of requirement. The military primarily uses the pontoon bridge and the improved ribbon bridge (IRB) to fulfill their transportation requirements.
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The vendors in the military floating bridge market are offering cost-effective and technologically superior bridging systems to fulfill the demands of the end-users who prefer the cost-efficient procurement and maintenance of military bridges. Floating bridge manufacturers are tailoring their solutions to suit the needs of various defense organizations by providing dual application floating bridges that can be deployed as bridges as well as ferries. The portable bridge providers in the pontoon bridge market are providing integrated solutions that comprise bridge transport systems as well as launch and retrieval systems.
The leading vendors in the market are -
The other prominent vendors in the market are FBM Babcock Marine, Mabey Group, and WFEL Limited.
Modular military bridges contain multiple portable bridge sections that can be assembled together during operations. These bridges ensure greater operational flexibility and cost effectiveness and are flexible in terms of length. IRB and pontoon bridges are commonly used in military applications. IRB enables ground troops to transport a variety of heavy military vehicles over rivers and gaps and pontoon helps the armies to cross water obstacles and marshy grounds.
In the pontoon bridge market, increasing terrorist tension in the Middle East has increased the demand for military logistics. Additionally, the presence of major rivers in Europe has also influenced the armies to deploy technologically advanced rafts, pontoon bridges, and ferries. European countries are increasing their military strength by modernizing their existing military equipment and auxiliary systems to compete with the modernized warfare.
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This upcoming report on the global military floating bridge market offers insights into the major trends and forthcoming drivers influencing the growth of the aerospace and defense industry. Our reports for the aerospace and defense industry also follow a scrupulous data collection methodology and offer an extensive analysis of fast growing market segments like defense.
By considering the market forecast and size and the surging demand for various segments in the defense sector, the market research professionals at Technavio present an all-inclusive picture of the military floating bridge market for the time period of 2017 to 2021. Furthermore, our research practices support clients develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.
This forthcoming market research report on the military floating bridge market also covers vendors like AM General, CNIM, Jiangsu Bailey Steel Bridge, and General Dynamics. According to our market research experts, growing regional tensions and increased number of military missions are expected impact the global market significantly during the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the military floating bridge market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry research reporton the military floating bridge market also categorizes the major drivers, prominent trends, as well as the imminent restraints that the defense sector currently experiences. This upcoming report on the military floating bridge market also presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the aerospace and defense industry. Technavio also offers in-depth market assessments into the sectors such as homeland security and defense technology.
Our market research methodology for the global military floating bridge market
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
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