LONDON, June 22, 2015 /PRNewswire/ -- Report Details
Military platforms form the basis of the ability of states to conduct military activities in the modern world. Used to combat adversaries, these assets also serve to coerce potential enemies through the threat of force or the demonstration of would-be combat. Similarly, military platforms are used to deter aggression from adversaries through the demonstration of military capability – and thus ability – to harm a potential opponent to a level at which any potential political gain would be nullified. Military powers seeking to project force globally require military platforms – predominantly naval, space and airborne platforms – to cross large distances and deliver the threat or realisation of force.
Outside of military confrontation, these assets are also important for operations other than potential or realised combat; - the use of land, airborne, naval and space-based platforms to conduct maritime search and rescue, for example, as well as peacekeeping, the maintenance of civil order or the gathering of battlefield or political intelligence, will help to support the requirement for sustaining these platforms. In certain circumstance military platforms become incredibly important political assets; - the use of South East Asian military platforms to assist in the search for Malaysian Airlines flight 370 and AirAsia flight QZ8501 indicate the importance of such platforms to wider national interests. These military platforms require substantial resources in order to sustain their capability and availability for the end user. Lifetime support services – comprised of multiple sub-services – are the enablers for these platforms.
Globally, the market for military platform lifetime support services was assessed to be worth $155.9bn in 2015. This figure amounts to approximately 10% of total globally military expenditure.
"The significance of military platforms for political leaders worldwide will drive the requirement for sustaining these platforms at a level of operational capability to facilitate their use. Platform lifetime support services will thus continue to be a fundamental component of defence budget expenditure globally, as these services are rightly viewed by military planners as one of the most fundamental set of expenditures required to operate effectively as a military power."
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- Airborne military platform lifetime support services
- Naval military platform lifetime support services
- Land-based military platform lifetime support services
- Space-based military platform lifetime support services
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- United States
- Saudi Arabia
- South Korea
- (Plus a Rest of the World Forecast)
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- Research and development (R&D) strategy
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- Supply and demand dynamics
- Competition from new product types
- Increasing specialisation by leading players
- Increasing industry consolidation.
- Advances in product quality
- Analysis of barriers to entry
- Demographic changes
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- Babcock International Group
- BAE Systems
- DynCorp International
- General Dynamics Corporation
- L-3 Communications
- Lockheed Martin Corporation
- ManTech International Corporation
- Northrop Grumman
- Raytheon Company
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