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.
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