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Deployable Military Shelter Systems Market: Opportunity Assessment Research Study 2015-2025

01-18-2018 02:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Deployable Military Shelter Systems Market: Opportunity

Advancements in military activities, tactics, exercises and joint operations necessitated the development of niche products used by army personnel. Furthermore, witnessing the opportunity, a handful of equipment, system and solution manufacturers engaged in niche product development suitable for military application, as a result competition intensified in niche products segment used for military applications.

Deployable Military Shelter System is one of such product which is used in applications ranging from temporary medical support centres to incident commands and fatality management centres to emergency distribution centres. These systems are deployed in remote area for temporary period. These systems are totally mobile in nature and are made up of technical textiles. These systems are largely used by infantry, rescue team and medical support team but constant research and development in this niche product segment unfolded new opportunities. Nowadays, availability of shelter systems for military application has not limited to support and shelter to just soldiers but also vehicles and aircrafts. A few of the North American and European companies developed deployable shelter systems to be used as hanger for aircrafts.

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Drivers & Challenges

Military shelter systems demand is directly influenced by increase in military expenditure across the globe. Annual increase in defence budget allocation has been observed in across countries, whereas the year on year increase is very high in countries with stronger economy. Global military expenditure in 2014 was estimated at over US $ 1.7 Trillion; and with growing political and military tensions in different geographies, it is projected to increase at 1.5% annually through 2025. Moreover, a substantial share of military expenditure is channelized for buying equipment and systems for on the field military support. Since, deployable shelter systems are used in field exercises, it is anticipated that the increased military expenditure across countries will bolster the demand for deployable shelter systems viz. a viz. global deployable military systems market.

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Regional Landscape

In terms of geography, the global deployable military shelter systems is concentrated in few of the pockets. Usage of deployable military shelter systems is very high in developed countries of North America and Europe. However, the trend is gradually picking up the pace in developed markets. A majority of the deployable military shelter systems manufacturers are dependent on NATO member countries for sales. Meanwhile, in recent years they also registered orders from Middle Eastern, African and Asian countries. Currently, European market for deployable military shelter systems is growing at a higher growth rate than the global average, but industry experts indicate a shift in demand from Asian countries, particularly Middle East and South Asia. In order to capitalize the opportunity, global majors engaged in manufacturing deployable shelter systems have deployed sales representatives in these countries.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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