“Military Leasing market set to grow to $19 bn by 2028” says new Visiongain report

30 October 2018
Defence

Visiongain has launched a new defence report Military Leasing Market 2018-2028: Global Analysis & Forecasts for Naval Vessels (Destroyers, Tankers, Offshore Patrol Vessels (OPV) & Other), Manned Aircraft (Fighters, Bombers, Logistics, Carriers, Refuelling & Other.), Ground Platforms (Combat, Transportation, Logistics, Communications Platforms & Other), Unmanned Systems (UAVs, UGVs, UMVs) & Other Markets: Opportunities for Leading Defence & Civilian Companies Providing Turnkey Solutions & Managed Services.

With the surging need for flexible defence solutions including naval vessels, manned aircrafts, unmanned systems and other systems, the defence heads in the key countries are revising their military budgets. Though the cost of procurement of these solutions are being very high, the need for these systems cannot be left unnoticed in an era of frequent political dialogues between the international leaders. The need to keep domestic defence measures at par with or above as compared to the respective neighbouring countries has made the demand for military systems even more prominent. However, the constrained military and defence budgets of several nations have urged them to look for a mid-way. The availability of these systems on lease basis provides a stop-gap solution to the defence decision makers. Besides, leasing allows governments to decrease construction, operations and maintenance spending. Also, leasing of high tech products makes use of existing private expertise rather than having to train in-house experts. The leasing of logistics and personnel transit services is an emerging and potentially lucrative military leasing area. With these opportunities, the providers of military leasing solutions have been focusing to strengthen their ties with governments and defence heads across several countries.

The visiongain report analyst commented "With the international turmoil among major countries and political groups, the demand for military products including vessels, aircrafts, unmanned systems and ground platforms will increase. In a situation when trade wars have grown strong having potential to translate themselves into weaponised wars, the nations with limited military budgets are likely to look for a more cost-effective solutions in less delivery time. This is expected to drive the military leasing market in the years to come."

Leading companies featured in the report who are offering military leasing solutions include A.P. Moller-Maersk Group, Airbus Group SE, Boeing Company, General Dynamics Corporation, Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman, Babcock International Group Plc, Chantier Davie Canada, Thales Group, Inmarsat Plc, and AirTanker
VT Group.

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100

About Visiongain

Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Military GPS and GNSS Devices Market Report 2022-2032

One of the major factors fuelling the growth of the military GNSS devices market is innovation in navigation and positioning equipment.

19 January 2022

Read

Visiongain Publishes Homeland Security Market Report 2022-2032

Rising need across the globe is being observed to secure and prepare countries, their people, and critical infrastructure from all hazards and threats. In addition to this, homeland security organizations in both developed and developing countries are focused on investing a substantial amount in advanced homeland security systems to enhance the capabilities of their forces and ensure the safety and security of citizens.

07 January 2022

Read

Visiongain Publishes Targeting Pods Market Report 2022-2032

The introduction of a precision targeting system in which optical targeting facilitators define, identify, and track targets using laser beams has acquired widespread acceptance, resulting in a steady increase in demand for targeting pods, especially in the first half of the projected period.

06 January 2022

Read

Visiongain Publishes Military Video Analytics and Back-End Systems Market Report 2022-2032

Deep learning technology has allowed video analytics tasks that were previously handled solely by humans to be automated. Video analytics is a type of machine learning algorithm that automatically recognises spatial and temporal events in video data.

08 December 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever