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26 Aug 09. In response to standing NATO directives, several member states have actively implemented new vessel procurement programs. CEE countries like Poland, Bulgaria and Romania are modernising their largely Soviet-era fleets while countries with advanced navies, like Italy, push for high technology solutions. New analysis from Frost & Sullivan (http://www.aerospace.frost.com), European Naval Sensors (EO/IR) Market Assessment, finds that the market earned revenues of over $28 million in 2008 and estimates this to reach $91 million in 2017. The market will likely grow by a further 35 per cent due to the rising importance for advanced technology and upgrades across European navies. “Entry into the CEE markets requires a solid understanding of local regulations and requirements, though this alone does not automatically ensure success,” states Frost & Sullivan Research Analyst Harish Balasubramanian. “The sensor market is experiencing a degree of consolidation; with larger companies increasingly dominating the market, while smaller local manufacturers focus primarily on domestic sales.” However, technological advancement will shift this balance, by making it easier for smaller companies to bid on specific solutions. To demonstrate their ability to fulfil common missions within NATO, CEE countries like Poland, Bulgaria and Romania face massive fleet upgrades of their mostly Soviet-era equipment. Poland faces the daunting task of modernising one of the largest fleets among the new NATO member states on a tight budget that is not expected to change over the forecast period. Price, therefore, will be the determining factor in this market. Because developed navies tend to value technology over life-cycle service they should establish partnerships with other suppliers. European Naval Sensors (EO/IR) Market Assessment is part of the Defence Growth Partnership Services programme, which also includes research in the following markets: Global Commercial Aviation Electrical Power Systems Market, European Oil & Gas Infrastructure Security Market, Middle East Oil & Gas Infrastructure Security Market, and European Land-based ISTAR Vehicle Electronics Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies.
Aug 09. The Soldier Modernisation Market 2009-2019. The soldier modernisation market has marked advantages, especially given the continuing importance placed on foot soldiers. The current global financial situation will naturally weigh on governmentsâ€™ minds, affecting some decisions in this market. However, soldier modernization, which seeks to enhance the capabilities of individual soldiers and small units, the key building blocks of military ground operations, is a sector where high investment is expected to continue. This latest defence report “The Soldier Modernisation Market 2009-2019” examines current trends and future prospects for the soldier modernisation market. This report shows how revenues will rise steadily over the next decade. This is a market that emerged in the 1990s, showed real technological and commercial promise this decade, achieving further growth and development during our report’s forecast period, 2009 to 2019. The US, France, UK and Germany are significant markets at present.
*Sales forecast for the overall global soldier modernisation market
*Sales forecasts for the leading soldier mo