Soldier Modernization, Virtual Training and Simulation, and Infrastructure and Logistics Investment to Drive Military Spending in Coming Decade
FARMINGTON, Conn., Aug. 2, 2012 /PRNewswire-iReach/ — The Stockholm International Peace Research Institute (SIPRI) estimates worldwide military spending will reach $1.7 trillion in 2012, an increase of over 12% from 2011. The United States represents over 40% of all global military spending, with planned investments of over $700 billion, followed by China, Russia, the UK, and France. Representing 2.5% of worldwide GDP, military spending is one of the largest markets for business in the world, and one of the most stable.
Global Information Inc, in partnership with publishing firm ICD Research, is pleased to announce the immediate availability of new market research reports that offer businesses, investors, entrepreneurs, suppliers, governments, and watch-dogs a detailed look at the current state of military spending around the globe, as well as extremely insightful market analytics, drivers, and forecasts for the coming decade.
The Global Soldier Modernization Market 2012-2022
The nature of modern warfare requires today’s soldiers to be the most highly-trained, well-equipped forces in all of recorded history. Rapid technology advancement in the soldier modernization domain has rendered older equipment obsolete. Advanced radio frequency (RF) and microwave technology in sensors, precision weapons and tactical communications have ushered in a new era in C4ISR soldier modernization equipment, while the majority of expenditure on lethality based equipment is focused on developing combat overmatch capabilities for the individual soldier and small combat unit while reducing soldier load. The mobility based segment has evolved rapidly over the years to facilitate functions of an armament carrier, logistics vehicle, ambulance, command and control (C2) vehicle, and as a platform for a wide variety of other army systems. Survivability and sustainability based soldier modernization systems are undergoing technological advancements and are expected to account for larger portions of the market in the future.
Leading military nations of the world are routinely investing in science and technology as well as research and development in order to ensure that they maintain their technological edge in this domain. Technological advances in the fields of powered exoskeletons and fuel cells will also drive the soldier modernization market as top defense spenders search for ways to minimize costs while deploying these technologies on the battlefield.
Spread across 5 major reports, ICD Research offers detailed insights on the overall state of the global soldier modernization market, a market profile of major modernization programs, detailed analysis and forecasts of market size and drivers, overall market analysis by country, and the competitive landscape and strategic insights on vendors in the market space.
Free samples for all of these reports, as well as detailed executive summaries, sample charts, and full tables of contents are available at the links above from Global Information Inc.
The Global Military Infrastructure and Logistics Market 2012-2022
The global defense industry is investing significantly in R&D in an effort to increase the logistical support capabilities of armies around the world. This has led to the development of new logistics information software which has enhanced the responsiveness of support providers, and has also enabled visibility of in-transit items in the military logistics supply chain. With the vast range of equipment that is being used in battlefields across the world, more and more civilian contractors are being brought in to deliver such support services. This has further led to the implementation of common platform based logistics enterprise systems in various countries, in order to enable vertical and horizontal integration at all levels of logistics. The implementation of such systems has ensured that all military and civil users view complete logistics management information and make timely, data-driven decisions. With the growing demand for installation support capabilities, many armies across the world are expected to rely on private contractors to provide expertise in repair, maintenance, transportation, and inventory accountability.
Spread across 5 major reports, ICD Research offers detailed insights on the overall state of the global military infrastructure and logistics market, a market profile of major logistics and infrastructure programs, detailed analysis and forecasts of market size and drivers, overall market analysis by country, and the competitive landscape and strategic insights on vendors in the market space.
The Global Military Simulations and Virtual Training Market 2011-2021
The US has observed budget cuts, a situation which is projected to continue in the future. Despite this, North America is expected to account for the largest share of the total global military simulators and virtual training programs market with a 62.3% share over the forecast period. Asia and Europe are also expected to account for a significant portion of the total global military simulators market over the forecast period, with respective shares of 16% and 14.6%. This will be largely driven by the modernization efforts of countries such as India, China, the UK and Russia. Latin America, Africa and the Middle East account for respective shares of 4.3%, 1.2% and 0.8% with regards to global military simulation expenditure.
Demand for military simulators is anticipated to be driven by both internal and external security threats, territorial disputes and modernization initiatives undertaken by armed forces across the world. Perhaps most importantly, demand will be additionally driven by the cost effectiveness provided by military simulators in times when defense budgets are being cut due to the economic difficulties being faced by the key markets including the US and Europe.
Spread across 5 major reports, ICD Research offers detailed insights on the overall state of the global military simulations and virtual training market, a market profile of major simulations and virtual training programs, detailed analysis and forecasts of market size and drivers, overall market analysis by country, and the competitive landscape and strategic insights on vendors in the market space.
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