“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

“Modest Defence Expenditure & Efforts to End ‘Forever Wars’ Having a Profound Effect on the Military Helicopter Market”

The Military Helicopter market has been dominated by the United States in the past and analysis has shown that the country accounts for approximately 44% of the global market in 2019.

05 July 2019

Read

“Command and Control System market set to grow to $52bn by 2029” says Visiongain

A command and control system is an operative architecture which includes software, hardware, computing procedures, specific standards, interface and applications that as a group supports connectivity across all levels of command.

13 June 2019

Read

“Military Battery Technologies market worth US$2,543 million in 2019” says Visiongain report

he Military Battery Technologies will represent significant revenue growth rate over the forecast period.

13 June 2019

Read

“Digitalisation & large-scale modernisation programmes having a profound effect on the Military Land Vehicle Electronics (Vetronics) Market” says new Visiongain report

Since the turn of the millennium, the birth of the digital battlefield has somewhat transformed how militaries around the world overcome challenges from state and non-state actors.

11 June 2019

Read

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