DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f8942d/european_vehicle_s) has announced the addition of Frost & Sullivan's new report "European Vehicle Survivability Market Assessment" to their offering.
This Frost & Sullivan research service titled European Vehicle Survivability Market Assessment provides market forecasts. In this research, Frost & Sullivan's expert analysts thoroughly examine the following survivability systems: passive armour, reactive armour, active protection system, metallic armour and electronic countermeasure system.
Market Overview
European Vehicle Survivability Market Assessment Report Reveals Regular Procurement Spurs Adoption of Vehicle Survivability Systems
The European vehicle survivability market was hitherto fuelled by increasing and urgent operational requirements related to the ongoing wars in Iraq and Afghanistan. With the operational tempo set to taper and troop withdrawals underway in Iraq, the market is anticipated to experience a short period of decline. However, as urgent operational requirements give way to regular procurement, there is likely to be an increase in spending on vehicle survivability. Moreover, active protection systems are expected to enter service by around 2013 in Europe, boosting spending.
The market is likely to experience a decline in the 2011-2012 timeframe as urgent operational requirements are about to reduce. After 2012, however, regular procurements and modernisation programmes will spur market growth. The total market is likely to be 6.2 billion across the period 2006-2019 with France, the United Kingdom, Germany, Turkey, Spain and Italy set to spend a considerable amount on vehicle procurement, notes the analyst of this research. Approximately 69.0 per cent of the total amount is expected to be spent on passive armour, 23 per cent on active protection system and the remainder on electronic countermeasure systems. The increasing involvement of European nations in out-of-area operations, the lessons learnt from the recent conflicts, combined with the proliferation of threats and the increasing complexities posed by assymmetric warfare, will compel Europes armies to invest in the best-in-class survivability solutions to provide the maximum protection for every war fighter. Thus, the sizeable number of vehicles procured in the future would be equipped with extreme protection capability, right from the manufacturers site to enable the armoured fleet to be rapidly deployed for operations abroad.
Preference for Home Companies in Award of Contracts Creates both Challenges and Opportunities
Companies are trying to penetrate the market by forming relationships with original equipment manufacturers and system integrators in the home market as governments show increasing preference for locally based industries, cautions Winson. This trend of awarding contracts to companies with a local presence is because of the jobs involved and the defence industrial strategy in place in countries like the UK. Hence, having a country presence by either opening a subsidiary, forming joint ventures or by acquisition will continue to be important. It will, at the same time, be challenging as tough competition is expected from locally based industries. Another challenge is the technical complexity of some survivability solutions that demand extreme operational testing before being fielded. While such equipment as active protection system is sophisticated yet rugged, it should at the same time, be easy to operate and repair on the field by soldiers and by combat engineer corps. Moreover, survivability products should meet NATO standards like the STANAG. They also need to meet other specifications set by the country that is acquiring these products.
Threats are varied and there is no one size fits all solution, says the analyst. Hence, integrating different capabilities in one single system such as, for instance, combining hard kill and soft kill countermeasure, will continue to be difficult. The recent financial crisis has put defence spending across Europe at risk. There are plans across most European countries to drastically reduce defence budgets. This will have a major impact on procurement programmes. Nevertheless, there are reasons for optimism. Upcoming land programmes in the United Kingdom, France, Germany, Turkey and Spain are of significant volume and promise to offer tremendous growth opportunity. Furthermore, near-term growth is dependent upon accessing ad-hoc appliqu armour UORs, as battlefield threats evolve. The majority of the market in the next three years will be from as yet unarticulated UOR needs and future platforms, states the analyst. The procurement programme in these countries will enable significant long-term growth for investors in these markets. The acquisition of SMEs or the forming of joint ventures to have a manufacturing partner in the home market will enable companies to respond more effectively to new UOR opportunities. It will facilitate better access to procurement processes and help market participants win more long-term contracts.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Passive armour
- Reactive armour
- Active protection system
- Electronic countermeasure system
- Metallic armour
By Geographic Region
- Belgium
- Croatia
- Finland
- France
- Germany
- Italy
- Poland
- Slovenia
- Spain
- The Czech Republic
- The Netherlands
- The United Kingdom
- Turkey
- Sweden
- Switzerland
Key Topics Covered:
1. Executive Summary 2. Research Methodology 3. Industry Challenges and Market Drivers and Market Restraints 4. European Vehicle Survivability Market 5. Conclusions 6. Appendix
For more information visit http://www.researchandmarkets.com/research/f8942d/european_vehicle_s