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Modernization Plans in the Indian Army to Drive the Indian Land Combat Systems Market Observes Frost & Sullivan - The Indian army's modernization drive along with the socio-political milieu in South Asia is boosting the Indian land combat systems market
Modernization Plans in the Indian Army to Drive the Indian Land Combat Systems Market Observes Frost & Sullivan

 

NewswireToday - /newswire/ - Mumbai, India, 2010/02/15 - The Indian army's modernization drive along with the socio-political milieu in South Asia is boosting the Indian land combat systems market.

   
 
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The relationship between the public and private sector enterprises is crucial for this market that is expected to experience significant growth in the next decade.

New analysis from Frost & Sullivan (aerospace.frost.com), Indian Land Combat Systems Market Assessment, finds that the market is likely to earn revenues of $33.76 billion from 2009 to 2019. This projected number includes only fresh procurements and excludes maintenance and operations. The market segments covered in this research service are main battle tanks, artillery, missiles, vehicles, communication, and firearms.

If you are interested more information on this study, please send an email to Ravinder Kaur/ Nimisha Iyer, Corporate Communications, at ravinder.kaur[.]frost.com/ niyer[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

"The Indian army's strategy to upgrade obsolete platforms and technologies is the major driver for this market," says Frost & Sullivan Research Analyst Gautam Ganapathy. "Investments for the procurement of new platforms are expected to increase over the next decade with regional and internal security high priority for the Indian defence establishment."

India has a host of potential regional aggressors that is driving the country to invest in advanced defence technologies to gain an edge over its adversaries. Moreover, India faces internal security issues with separatist sentiments and potential threat from naxalites high in several regions.

However, a key challenge for the Indian land combat systems market is the public-private partnership (PPP). While perceived negatively by the media and the common man, PPP will play a significant role in propelling the Indian defence industry to its zenith in the coming years. Additionally, understanding implementation pipelines is critical for the growth of this market.

"As some procurement happens over a period of more than a decade, the timing of arrival of orders is critical," explains Ganapathy. "The government should manage its resources with utmost diligence to overcome this challenge."

The market participants should provide integrated solutions, identify effective business partners, and develop efficient supply-chain strategies.

"Soldier modernisation programmes and the increasing use of electronics equipment could offer considerable revenue potential in the form of support contracts and life capability management," concludes Ganapathy. "The Indian army's expenditure on land-based training and simulation is anticipated to be $261.4 million by 2019, spurred on by increased procurement of land based platforms."

Indian Land Combat Systems Market Assessment is part of the Defence Growth Partnership Service programme, which also includes research in the following markets: Asia Pacific Oil and Gas Infrastructure Security Market, Maritime Security Market Assessment – Middle East, and Border Security Market Assessment – Middle East. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

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. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Indian Land Combat Systems Market Assessment / M4D5-16

Corporate Communications – Middle East
P: +91 98200 50519
F: +91 22 2832 4713
E: niyer[.]frost.com

 
 
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Modernization Plans in the Indian Army to Drive the Indian Land Combat Systems Market Observes Frost & Sullivan

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