Military Aircraft Digital Glass Cockpit Systems Market Research Report Coverage:
This report covers drivers, restraints, opportunities, challenges, and market trends. The report also covers the product portfolio analysis of the Military Aircraft Digital Glass Cockpit Systems products and vendor benchmarking of the top players in this market. In addition, this report highlights the growth strategies adopted by the major market players to garner large shares in the Military Aircraft Digital Glass Cockpit Systems market.
From a broad perspective, it can be said that the world woke up to terrorism in 2001 when Al-Qaeda carried out its attack on the World Trade Center in New York City, US. Ever since, terrorist activities have been on the rise, and have become the most pressing issue for decision-makers dealing with diplomatic and military operations. On a global scale, Africa emerged as the most vulnerable region to terrorist attacks in 2010, with 879 attacks and 2,137 fatalities.
Especially, the governments in US, the UK, the Kingdom of Saudi Arabia, and Australia have prioritized national security. For example, the NATO (North Atlantic Treaty Organization) is currently eyeing 40 mm (medium) caliber rounds for under-barrel and standalone shoulder-fired launchers, as well as crew-served automatic launchers. Shoulder-fired launchers are usually used for civilian use in riot-control. Whereas, under-barrel are used on battlefields.
The 40 mm rounds will be available at different levels of performance, namely, the 40 mm low-velocity rounds (or LV), which uses 40x46SR (Semi-Rimmed) ammunition for shoulder-fires and under-barrel launchers, and, the 40 mm high velocity (or HV), which uses 40x53SR rounds from crew-served automatic launchers.
A separate section with Military Aircraft Digital Glass Cockpit Systems industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information. Development and Research plays a vital role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Military Aircraft Digital Glass Cockpit Systems market growth over the forecast period.
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Military Aircraft Digital Glass Cockpit Systems Market Value, 2018 to 2023($Million)
The military aircraft digital glass cockpit systems sector market is likely to grow from USD 1,411.70 billion in 2017 to USD 1,578.90 billion by 2023. The industry is forecasted to register a CAGR of over 1.88% over the forecast period.
INCREASING THREAT OF TERRORISM
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The LV rounds are usually used with individual weapons, like M320 and M203 grenade launchers, while HV rounds are used with MK19 grenade machine gun. All of these have been extensively used in the battlefields of Iraq and Afghanistan.
The contract (by the US government) for the manufacture of LV rounds has been given to General Dynamics, whereas, American Ordnance will manufacture the HV rounds. Both the types of bullets are intended to be fielded by August 2019.
Therefore, the increasing threat of terrorism has led to higher spending by governments, to protect themselves, thereby driving investment into the ammunition industry.
Stringent laws and regulations serve as a deterrent for foreign companies trying to expand into other countries making it a restraint for medium caliber ammunition industry as its supply chains are not confined to a single nation.
Some countries follow a protectionist strategy to protect the domestic ammunition industry against foreign monopoly. For example, as part of the Make in India initiative, the Ministry of Finance, Government of India recently added a provision in the General Finance Rules (GFR) which gives preference to the domestic industry over foreign companies in government procurement contracts. Rule 153 (Reserved Items and other Purchase/Price Preference Policy) of GFR-2017 gives the central government power to provide for the mandatory procurement of any goods and services from any category of bidders, or provide for preference to bidders on the grounds of promotion of locally manufactured goods or locally provided services. The arms trade is one industry that will have a far-reaching impact because the World Trade Organization (WTO) (of which India is a member since 1995) has no regulations against protectionist policies on arms trade (unlike other industries).
Another example is US, which has the Specialty Metals Restriction. It forbids the Department of Defense from buying aircraft, missile and space systems, ships, tank and automotive items, weapon systems, ammunition or any related components if they are made of any specialty metal that is not melted or produced in US.
Key Developments in the Market:
â€¢ July 2017: Rheinmetall announced the further strengthening of its partnership with Supashock through the agreement to acquire 49% of the Australian-based company.
â€¢ August 2017: Rheinmetall integrated its operations in Australia and New Zealand into a single operational unit, which includes the existing operations of Rheinmetall Defence Australia, Rheinmetall MAN Military Vehicles Australia, Rheinmetall Electronic Solutions Australia, and Logistic Solutions Australia.
â€¢ September 2017: Rheinmetall and Rohde & Schwarz formed joint venture to bid for two major Bundeswehr procurement programs: Motako and Motiv.
â€¢ October 2017: US Naval Sea System awarded the contract to provide establish cybersecurity and IT services for the Naval Surface Warfare Centerâ€™s Crane Division.
Major Players: RHEINMETALL AG, GENERAL DYNAMICS CORPORATION, BAE SYSTEMS, DENEL PMP, NEXTER SYSTEMS. CBC BRAZIL, NAMMO AS, MESKO SA, ORBITAL AK AMONGST OTHERS.
Reasons to Purchase this Report
1. Provides Latest Insights into the medium calibre ammunition market.
2. Analyzing various perspectives of the market with the help of Porterâ€™s five forces analysis
3. Detailed analysis on the region expected to witness fastest growth in the market
4. Identify the latest developments, market shares, and strategies employed by the major market players
5. 3 months analyst support along with the Market Estimate sheet (in excel)
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Military Aircraft Digital Glass Cockpit Systems Market Forecast 2018-2023
The Military Aircraft Digital Glass Cockpit Systems industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Military Aircraft Digital Glass Cockpit Systems production, supply, sales and market status.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.