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Force Modernisation Driving the Growth of the European Land-based ISTAR Vehicle Electronics Markets - The European land-based ISTAR vehicle electronics markets continue to witness good growth as countries across the region are actively undertaking programmes to modernise their defence forces
Force Modernisation Driving the Growth of the European Land-based ISTAR Vehicle Electronics Markets

 

NewswireToday - /newswire/ - London, United Kingdom, 2008/06/26 - The European land-based ISTAR vehicle electronics markets continue to witness good growth as countries across the region are actively undertaking programmes to modernise their defence forces.

   
 
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The growing focus on network-centric warfare and the European Union battle group and response force concept of the NATO are the other major factors driving the market forward.

New analysis from Frost & Sullivan (aerospace.frost.com), European Land-based ISTAR - Vehicle Electronics Markets, finds that market revenues are expected to reach over $5.4 billion in the period 2008-2017.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an outline of the European land-based ISTAR vehicle electronics markets, then send an email to Anna Anlauft, Corporate Communications, at anna.anlauft[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

“Electro optic and infrared systems seem to have a major share within the ISTAR vehicle electronics market, followed by navigation systems and vehicle intercom systems, which are a must for every other vehicle that is upgraded and manufactured,” notes Frost & Sullivan Research Analyst Harish Balasubramanian. “On the other hand, remote overhead weapon stations (ROWS) and surveillance, target acquisition and reconnaissance (STAR) systems have the least share as their usage is limited to particular vehicles.”

Individually, the United Kingdom is the highest spender in the European land-based ISTAR vehicle electronics markets and is expected to account for a major share of expected procurements between 2008 and 2017. Germany, France, Italy and the Netherlands are the other countries expected to have a major share in the European land-based ISTAR vehicle electronics markets over the same period.

“However, keeping pace with the continuous advances in defence technology is a major challenge for participants in the European land-based ISTAR vehicle electronics markets,” says Balasubramanian. “Restricted defence budget allocations and reductions in the total number of active troops in service can be seen as restraints for the market, but are unlikely to have a major impact.”

Development of total unmanned vehicle systems is going to be a key factor in the European land-based ISTAR vehicle electronics markets in the coming years. Integration of current vehicle electronics systems and working towards Network-centric warfare would help participants sustain in the market as these are expected to dominate the future of the military operations

European Land-based ISTAR - Vehicle Electronics Markets is part of the Aerospace and Defense Growth Partnership Service programme, which also includes research in the following markets: European Software Defined Radio Markets, Indian Defence Supplier Market, European Land Based ISTAR - Vehicle Electronics Markets, Global Commercial Aviation Electrical Power Systems and Infrastructure Market Assessment, Border & Maritime Security Market Assessment - EU Accession States, European Air ISR Command & Control Market Assessment, European Air ISR Radar Market Assessment and European Air ISR Sensors (EO/IR) Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

European Land-based ISTAR - Vehicle Electronics Markets - M227

 
 
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Force Modernisation Driving the Growth of the European Land-based ISTAR Vehicle Electronics Markets

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Publisher Contact: Anna Anlauft 
+49 (0) 69 770 33 12 anna.anlauft[.]frost.com
 
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