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BUSINESS JET MARKET TO RESUME POSITIVE GROWTH TREND
Oct 31, 2016
SHORT-TERM GROWTH PROJECTED FOR LIGHT MILITARY ROTORCRAFT MARKET
AIRBUS HELICOPTERS TO LEAD MARKET

Oct 13, 2016
FORECAST INTERNATIONAL PREDICTS A WORLD MARKET FOR 5,480 INDUSTRIAL POWER GENERATING GAS TURBINE ENGINES WORTH $105 BILLION OVER THE NEXT 10 YEARS
Oct 05, 2016
REGIONAL AIRCRAFT MARKET STABILIZING; LONG-TERM GROWTH PROJECTED
Sep 23, 2016
FORECAST INTERNATIONAL: INSATIABLE DEMAND FOR DATA AND CONNECTIVITY DRIVE COMMERCIAL SATELLITE MARKET
Sep 12, 2016
GLOBAL DEFENSE MARKET ON UPSWING AS ASIA SPEARHEADS GROWTH
Sep 08, 2016
FROM CIVIL DISOBEDIENCE TO TOTAL WAR – THE FLOW OF INFORMATION REMAINS PROFITABLE
Sep 01, 2016
FORECAST INTERNATIONAL: 15-YEAR WORLD AVIATION GAS TURBINE MARKET WORTH A STAGGERING $1.2 TRILLION
Aug 22, 2016
FORECAST INTERNATIONAL PROJECTS NAVAL RADAR MARKET WORTH MORE THAN $13 BILLION OVER 10 YEARS
Jul 18, 2016
SMALLSATS PLAY GROWING ROLE IN $29 BILLION REMOTE SENSING SATELLITE MARKET
Jul 13, 2016
FORECAST INTERNATIONAL: F-35 LIGHTNING II TO DOMINATE FIGHTER MARKET
Jul 12, 2016
FORECAST INTERNATIONAL PROJECTS $2.74 TRILLION LARGE JETLINER MARKET OVER NEXT 10 YEARS
Jul 11, 2016
FORECAST INTERNATIONAL EXPECTS AIRBUS AND BOEING BACKLOGS WILL DECLINE IN 2016
Jun 16, 2016
U.S. NAVY'S NEXT-GEN JAMMER TO LEAD 10-YEAR, $5 BILLION ELECTRONIC ATTACK MARKET
Jun 06, 2016
ELECTRONICS CONTINUE TO DOMINATE THE LANDSCAPE, WHILE SLEP LOOMS AS A PRIORITY FOR THE FIGHTER/ATTACK/TRAINER R&M MARKET
May 09, 2016
FORECAST INTERNATIONAL SEES SYRIAN CONFLICT DRIVING NEIGHBORS' SECURITY POSTURES
Mar 28, 2016
U.S. DEFENSE ELECTRONICS – SIGNS OF GROWTH AS BUDGETS REMAIN TIGHT
Mar 21, 2016
FORECAST INTERNATIONAL: CHANGES IN COMPETITIVE LANDSCAPE HIGHLIGHT MEDIUM/HEAVY MILITARY ROTORCRAFT MARKET
Feb 22, 2016
FORECAST INTERNATIONAL INTRODUCES DYNAMIC NEW SITE; SEES BRIGHT FUTURE FOR POWER & ENERGY MARKETS
Dec 08, 2015

Press Release

Contact: Dean Lockwood, Weapons Systems Analyst

Phone: (203) 426-0800

Fax: (203) 426-1964

Web site: www.forecastinternational.com

E-mail: dean.lockwood@forecast1.com

Forecast International, Inc.

22 Commerce Rd. Newtown, CT  06470 USA

 

FOR IMMEDIATE RELEASE

Main Battle Tank Rolls On as a Dominant Battlefield and Market Force

 

NEWTOWN, Conn. (March 1, 2006) ― Despite the transformational nature of modern armed forces, the Forecast International Weapons Group is confident the main battle tank will remain an integral part of modern force structures throughout the coming 10-year forecast period. In its annual analysis “The World Market for Tanks,” the Forecast International Weapons Group projects that the international market will produce nearly 7,800 main battle tanks, worth in excess of $31.6 billion, through 2015.

 

This year’s analysis notes the increasing, and largely hidden, impact of modernization and retrofit work on the market.  According to Dean Lockwood, Forecast International Weapons Systems Analyst, “While generally transparent to this analysis of new-production tanks, increased modernization and retrofit is becoming a significant force on the international market.” Through its Challenger Lethality Improvement program (CLIP), the British Army now intends to maintain its Challenger 2 tanks in first-line service through 2035. In 2004, U.S. Department of Defense contract awards for the maintenance, RESET (repair of field/battle damage), and upgrade of the U.S. Army and U.S. Marine Corps M1 Abrams inventories were equivalent to 32.6 percent of the total value of all new-production main battle tanks rolling out that year onto the international market.  In 2005, U.S. DoD contract awards supporting existing M1 Abrams tanks were equivalent to 21.3 percent of the total value of all new-production main battle tanks that year.

 

The international market for main battle tanks continues to exhibit two distinct product tiers. The upper tier consists of the state-of-the-art designs with correspondingly high price tags (over $5 million). The expense associated with the modernization and retrofit of these high-end main battle tanks pales in comparison with the prospect of new tank procurement. Thus, new production of high-end tanks (AMX Leclerc, Ariete 2, Challenger 2, Karan, Leopard 2, M1A1 Abrams, and Merkava Mark 4) continues to decline, accounting for less than 13 percent of all production and worth about 17 percent of the market through the forecast period.

 

The lower tier features cheaper, more widely available tanks (mostly designs of the former Soviet Union). In terms of sheer numbers, Lockwood believes that Pakistan’s Al-Khalid, the Type 98 of the People’s Republic of China, and the Russian Federation’s T-90 will account for nearly 45 percent of all new tanks rolling out worldwide, worth about 40 percent of the market, through 2015.

 

On the international market for main battle tanks, the days of U.S. and European domination over new production appear to be long gone. Nevertheless, the international market for main battle tanks remains a vibrant, dynamic environment. According to Lockwood, “As threat scenarios and force structures continue to evolve, the main battle tank rolls on as a significant force multiplier and the quintessential symbol of modern mobile warfare.”

 

Forecast International, Inc., is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics.  Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments utilized by strategic planners, marketing professionals, military organizations, and governments worldwide.  To arrange an interview with Forecast International’s analysts, please contact Monty Nebinger (203-426-0800, monty.nebinger@forecast1.com).



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