VIEWS: 19 PAGES: 2 CATEGORY: Other POSTED ON: 5/19/2012
This report is the result of ICD’s extensive market and company research covering the global soldier modernization industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news
FOR IMMEDIATE RELEASE The Global Soldier Modernization Market 2012–2022 http://www.aarkstore.com/reports/The-Global-Soldier- Modernization-Market-2012–2022-201644.html th London, May 4 , 2012 – The soldier modernization market consists of five system categories: C4ISR based soldier modernization systems, Mobility based soldier modernization systems , Lethality based soldier modernization systems, Survivability based soldier modernization systems and Sustainability based soldier modernization systems.The value of the market is expected to increase at a CAGR of 3.07% during the forecast period (reference see graph below). 10 9 8 7 US$ Billion 6 5 8.7 4 7.9 8.0 8.3 7.4 7.3 7.3 7.7 7.1 7.2 3 6.4 2 1 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Demand for technologically advanced soldier modernization equipment is anticipated to rise in the forecast period The global defense industry is investing significantly in R&D in an effort to increase the capabilities of modern soldiers. This has led to the development of new and ground breaking soldier modernization technologies which have enhanced the survivability, lethality, mobility and equipment sustainability capabilities of the individual soldier. Current innovations are oriented towards integrating information flow from various command stations into a single module while incorporating the information provided by individual soldiers on the field so as to aid the decision making capabilities of infantry battalions. The highest defense spending countries are now focusing on building smaller infantries with enhanced survivability and lethality in order to derive maximum effectiveness from troop deployment. This has led countries like the US, the UK and France to invest in equipment such as Buffalo Mine Protected Clearance Vehicles, Vehicle Optics Sensor Systems (VOSS) and Joint Improvised Explosive Device Defeat Devices. Defense budget cuts and the global economic crisis not expected to affect growth of the global soldier modernization market The global economic slowdown has reduced the defense budgets of most leading spenders in the world, including the US, France, Germany and the UK. These countries have cut back spending in various defense sectors such as space, aircraft and vehicles. Conversely, they have diverted funds towards sectors where rapid technology development and deployment is possible such as soldier modernization, C4ISR and cyber warfare. High growth markets such as the BRIC nations have been formulating continuous programs to procure the latest soldier modernization systems and have been investing extensively on R&D for the past 5 years. With continuous evolution and technological developments taking place in the soldier modernization domain, this trend is expected to continue throughout the forecast period. About ICD Research ICD Research is a full-service global market research agency and premium business information brand specializing in industry analysis in a wide set of B2B and B2C markets. ICD Research has access to over 400 in- house analysts and journalists and a global media presence in over 30 professional markets enabling us to conduct unique and insightful research via our trusted business communities. Through its unique B2B and B2C research panels and access to key industry bodies, ICD Research delivers insightful and actionable analysis. The ICD Research survey capabilities grant readers access to the opinions and strategies of key business decision makers, industry experts and competitors as well as examining their actions surrounding business priorities. About Strategic Defence Intelligence This report is one of a series available to subscribers of our premium research platform, Strategic Defence Intelligence. Strategic Defence Intelligence provides a stream of continuously updated customer and competitor intelligence, as well as detailed research reports providing an unrivalled source of global information on the latest developments in the defence industry. Strategic Defence Intelligence's unique monitoring platform tracks global defence activity for over 2,500 companies and 65 product categories in real time and in a highly structured manner, giving a comprehensive and easily-searchable picture of all defence industry activity. The site features: daily updated analysis, comment and news, company and customer profiles, defence spending, tenders and contracts, product and technology intelligence, a research and analysis database providing access to industry and competitor reports to enable business and market planning, and fully customizable tools, including instant personalized report generation and custom alerts.
"Global Soldier Modernization || Market 2012–2022"