The requirement for different technologies within each vertical segment of the European air battle space management (ABSM) market has spurred several competitors to enter the market but it has also rendered it difficult for any one company to exclusively dominate it.

The market, comprising static ground-based systems, deployable ground systems, air platforms and missile defence systems, is undergoing change and estimates disclose that $14 billion is likely to be spent on ABSM from 2003 to 2014. With NATO in the process of upgrading its ABSM program to a single common system that can be used by all NATO forces, revenues in the static ground-based systems segment are set to grow.

The deployable ground-based systems market is also likely to expand, with an increased emphasis on deployable assets and out-of-area operations. This shift in focus, away from the European mainland, has encouraged greater investment in littoral and expeditionary operations and this trend, together with the global war on terror will also spur revenue growth in this segment. It is likely that the deployable ground-based systems market will reach $843 million between 2005 and 2014.

Moreover, upgrades of maritime patrol aircraft, together with plans by the United Kingdom for an extensive airframe and avionics upgrade, will further contribute to the growth of the air platforms market.

The NATO missile defense program is likely to cost in excess of $30 billion. However, the missile defense industry will remain unpredictable until NATO publishes the results of its missile defense feasibility study in 2006. If NATO decides to develop this capability, the missile defense market will experience phenomenal growth and is likely to reach $84 million between 2005 and 2014. For a brochure that provides an overview of the latest analysis of the European Air Battle Space Management Platforms Market, contact Frost & Sullivan.

RSS    Save to Del.icio.us  Digg This