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Need for Platform Availability and Combat Readiness Strengthens Global Military Systems Support-in-Service Market Finds Frost & Sullivan - Joint ventures with local suppliers will allow international participants to capitalise on growing markets - Defense.Frost.com
Need for Platform Availability and Combat Readiness Strengthens Global Military Systems Support-in-Service Market Finds Frost & Sullivan

 

PRZOOM - /newswire/ - London, United Kingdom, 2014/08/06 - Joint ventures with local suppliers will allow international participants to capitalise on growing markets - Defense.Frost.com.

   
 
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Owing to tight budgets, the Ministries of Defence (MoDs) in various countries are looking to bring down the cost of operations and maintenance without compromising on the availability of their key capabilities. This shift in focus from large-scale platform procurement to on-going systems support is driving the global military systems support-in-service market.

New analysis from Frost & Sullivan, Global Military Systems Support-in-Service Market Assessment, finds that the market earned revenues of $16.36 billion in 2013 and estimates this to reach $21.10 billion in 2022. The study covers support-in-service for air, ground and sea systems.

MoDs are looking to engage service providers that are willing to break down scheduled heavy maintenance into on-going systems support, thus enabling 24/7 platform availability while reducing the burden of holding a large inventory of spares. With this rising need for more efficient, cost-effective maintenance procedures, performance-based contracts are gaining prominence.

"The advent of data-driven, IT-infrastructure-guided maintenance programs that continuously monitor military platforms has added momentum to the implementation of performance-based logistic processes," said Frost & Sullivan Aerospace and Defence Research Analyst Arun Kumar Sampathkumar. "In 2013, the Department of Defence in the US alone invested over $80 million in performance-based maintenance contracts."

While performance-based contracts for support-in-service programs are beneficial, negotiating feasible platform-availability terms with customers is the biggest challenge faced by service providers. Military maintenance infrastructure, platform fleet size, service-provider capability, and supply-chain mechanics are all crucial factors that must be taken into account.

In addition, these contracts cover only the short term, as shrinking military budgets restrict MoDs from issuing long-term performance based contracts. The slowdown in international military operations is also decreasing platform utilisation, in turn, affecting market revenues.

One way to maximise opportunities is to partner with key platform providers. This implies taking the responsibility of providing systems support or becoming a ‘manufacturer-endorsed systems support provider.’ Recent platform procurement contracts already indicate that the trend of combining platform and service procurement is gathering pace.

"Finally, those service providers looking to expand into emerging markets can collaborate with local service providers to lower capital investment on maintenance infrastructure and establish a strong presence in those regions," suggested Sampathkumar. "Partnering with local suppliers is also welcomed by governments that are otherwise conservative in choosing international service providers for military support."

If you are interested in more information on this study, please send an email to Edyta Grabowska, Corporate Communications, at edyta.grabowska[.]frost.com.

Global Military Systems Support-in-Service Market Assessment is part of the Defence (defense.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Business Aircraft Market, Global Military Land Vehicles Market Assessment, Global Airport Security Market Assessment Update, and Global C4ISR Market Assessment. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

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Global Military Systems Support-in-Service Market Assessment / M9F3-16

 
 
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Need for Platform Availability and Combat Readiness Strengthens Global Military Systems Support-in-Service Market Finds Frost & Sullivan

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