DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/150e11/opportunities_in_g) has announced the addition of the "Opportunities in Global Military Shelter Market 2011-2016: Trend, Forecast and Opportunity Analysis" report to their offering.
In 2010, global military shelter shipment value topped US $470 million and the market is expected to reach US $516 million by 2016. The rising threat of terrorist activities coupled with the emergence of nuclear states and prevalence of conventional military threats are expected to drive defense spending across the globe thereby giving a boost to military shelters procurement in the coming years.
Military shelters have specific usage and are largely driven by research and development activities. The demand for composite and conventional military shelters is expected to grow with a CAGR of 4.43% and 0.29% respectively over the next five years (2011-2016). In 2011, the composite military shelter market is expected to capture 23% of the military shelter market, with strong growth in subsequent years.
Lucintel estimates that countries outside of North America and Europe will show the highest growth rate in terms of value shipments, followed by the European military shelter market and the North American shelters market (2011-2016).
According to this study, flexibility and mobility are significant factors driving the shelter market. Military shelters have specific applications and the market is largely driven by research and development activities. Composite Military Shelter and Conventional Military Shelter market segments are expected to grow with a CAGR of 4.4% and 0.29% respectively over the next five years (2011-2016).
When viewing the military shelter market in three regional sectors, North America, Europe and ROW (Rest of the World), Lucintel estimates that the ROW region will show the highest growth rate in terms of value shipments for the five year period ending in 2016.
Companies Mentioned:
- General dynamics armament and technical products, Inc.
- Gichner shelter systems
- AAR mobility systems
- Nordic shelter AS
- Marshall specialist vehicles Ltd
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