Global Military Platform Lifetime Support Services to Reach $155.9BN in 2015, According to a New Study on ASDReports

Wednesday 4 March 2015, Amsterdam

Military platform lifetime support services are vital for maintaining a military’s combat, intelligence gathering, logistical, humanitarian, training and other capabilities. Sunk costs following procurement investments mean that many national governments are seeking to extend and maximise the length of time their platforms can remain in service, as well as the availability of these fleets. The increasing prevalence and use of military platforms in lieu of high personnel numbers equates to significant reliance on platforms to be available and capable of what military commanders demand of them. Lifetime support services are thus not only essential for military operations but are financially imperative in order to extract maximum value for money from the investment made through expensive procurements.

A detailed analysis of the latest political, economic and technological trends lies at the heart of the report's 224 page Military Platform Lifetime Support Services Market Forecast 2015-2025: Prospects for Companies in Airborne, Naval, Land & Space report. This report provides a thorough quantitative and qualitative analysis of the global market broken down by 4 submarkets, with 16 leading national markets also individually forecast and analysed. 10 leading companies are also profiled in detail within this report, as well as details of many more. These are alongside 191 tables and charts and detailed analysis of future trends, dynamics and shifts in the market. PEST market dynamics are evaluated along with details of over 350 contracts and programmes.

The 50,000-word report also includes a detailed qualitative analysis of the strengths, weaknesses, opportunities and threats underpinning the market for the period 2015-2025. The Military Platform Lifetime Support Services Market Forecast 2015-2025 therefore provides an unrivalled level of detail in its analysis of market trends and commercial prospects.

The report’s findings are reinforced by an exclusive interview with a senior source Dytecna Ltd, a leading European defence service provider.

James Bingham, the analyst responsible for the Military Platform Lifetime Support Services Market Forecast 2015-2025: Prospects for Companies in Airborne, Naval, Land & Space report, summarised its findings:

“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. Sustaining military platforms requires more than routine maintenance; - these incredibly complex machines place high demands on modern militaries in terms of the resources, time and personnel required to support them. Specialist expertise is often required to facilitate the through-life management of these platforms, as technology and components become outdated and high intensity military activities place unique demands on those supporting military platforms. As emerging military powers seek to upgrade their capabilities through new procurement programmes and others seek to maintain their existing fleets, the requirement for lifetime support services to maximise the output from these investments is set to drive the global market across the 2015-2025 decade. ”

Military Platform Lifetime Support Services Market Forecast 2015-2025: Prospects for Companies in Airborne, Naval, Land & Space is an invaluable reference offering extensive market analysis and evaluation of future commercial prospects.