10 November 2020
Visiongain has published a new report on Military Shelter Market Report 2021-2031: Forecasts by Type (Hard Wall, Soft Wall), by Application (Military Camp, Vehicle Mounted, Containers Shelter, Command Posting), by Product (Portable, Stationary), by Material (Ballistic Material, Non Ballistic Material) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.
Global military shelters market is estimated to be valued at US$ xx billion in 2021 and is projected to grow at a CAGR of xx% to reach a market value of US$ xx billion by 2031. There has been shift in trend towards the deployment of portable military shelters over the past few years resulting in the strong growth for military shelters market over the past few years. Demand for military shelter is also triggered by the technological advancements such as high tech textiles and smart textiles, which are capable of changing their physical properties according to weather conditions. For instance, US has developed a technology to integrate electronic capabilities within textile materials used for military shelters and soldier uniforms. These textiles are capable of recording, analyze weather condition, sending information to command centers, and storing important information. Such technologies have drawn huge attention in the recent past and pulled significant amount on research & development activities across the globe.
Military shelters are also capable of change their colors depending on the climatic situation, repel chemicals, and become rigid in response to the external ballistic threats. Some advanced military shelters are designed to protect soldiers from external electronic threats and capable of converting sunlight into electricity to power electronic devices carried by soldiers. These are some of the technological advancements which are expected to trigger the demand for military shelters over the forecast period. In addition, rising territorial disputes and geopolitical instabilities has resulted in necessity to build temporary infrastructures and portable living spaces for defense forces at different locations, which is also supporting the market growth for military shelters.
COVID-19 Impact on Military Shelters Market
COVID-19 has affected the global economies negatively during the past few months and is expected to have significant impact on the defense sector in terms of budget allocation in coming years. Imposition of lockdown to contain the spread of corona virus has affected many businesses across the globe resulting in economic instability. As a result, countries are expected to spend less on defense sector in coming years, in turn affecting the military shelter market negatively during 2021-2024. However, market is expected to regain its growth phase during the second half of the forecast period.
Some of the company’s profiled in this report include Lockheed Martin Corporation, AAR Corp, Alaska Structures, Gichner Systems Group, DHS Systems LLC, DREHTAINER GmbH, Kärcher Futuretech GmbH, Weatherhaven, Nordic Shelter AS and HDT Global.
• In November 2019, US Defense Logistics Agency has awarded an indefinite-delivery/indefinite-quantity contract with UTS Systems, which is worth US$ 200 million for supplying commercial shelters for US military bases. These shelters will be supplied to four military branches of US armed forces. The shelters are planned to deliver before the end of November 2020. The contract also has options for three years extension.
• In June 2019, HDT Global has received a contract from US Defense Logistics Agency for the supply of Military Shelters and Tents for four military branches of US, namely, US Air Force, US Navy, US Army and US Marne Corps. The contract was worth US$ 200 million and also has an option for three more years. The contract is planned to be finished by the end of June 2020.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 20 7549 9987.
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.
Growing threat of unprecedented terrorist threats amid coronavirus pandemic is anticipated to propel the growth of x-band radar market over the forecast timeframe.
29 March 2021
VTOL (vertical take-off and landing) UAVs are finding huge demand from defense forces, owing to the runway-less take-off and landing feature associated with such aircraft. Moreover, the growing usage of VTOL UAVs in numerous applications, for instance, aerial remote sensing, product delivery, surveying & mapping, monitoring, and agriculture, is also bolstering the growth of the VTOL UAV market.
29 March 2021
Rising investments for the development of ultra-powerful radars and other communication systems by the major industry players is expected to raise the requirement to upgrade existing communication systems. This is expected to drive the growth of global vetronics market.
29 March 2021
The growth of unmanned underwater vehicles market can be credited largely to the growing number of deep-water offshore oil & gas production activities (owing to rising demand for oil & gas) across the globe.