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MOUNTAIN VIEW, Calif.,
April 3, 2013 /PRNewswire/ -- With the U.S. Government facing significant challenges to the overall budget, tough cuts can be expected to the defense budget – one of the largest areas of discretionary spending. Frost & Sullivan's latest research looks at the envisioned future defense capabilities and identifies various market opportunities that will appear if those capabilities are fully funded.
New analysis from Frost & Sullivan (
US Future Defense Market Opportunities, finds that the market earned revenue of
$687.00 billion in 2011 and estimates this to decline to
$459.00 billion in 2025 if a full sequestration remains in place.
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US Future Defense Market Opportunities and gain access to the online community-
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By the end of 2013, if large numbers of troops depart from
Afghanistan as planned, a return to more traditional peacetime testing, validation, and supply-chain integrity will be more strictly enforced. The Department of Defense (DoD) budget emphasis will be to acquire large numbers of cost-efficient, general-purpose equipment. This general purpose equipment may use modular, swappable mission packages.
"Over the period between 2011 and 2025, many of the traditional procurement areas will remain viable but at a lower rate of acquisition," noted Frost & Sullivan Industry Manager
Wayne Plucker. "Future weapons purchases will require that the weapons have reliable supply, training, maintenance, and repair systems."
As the U.S. military continues its transformation into a more modular expeditionary force, the majority of the opportunities for defense contractors will be around modifications of existing technologies in order to offer a revised capabilities set. Independent and integrated sensors, greener equipment, modular scalable platforms, non-line-of-sight weapons, data handling and analysis, and unmanned systems are growth areas. Companies that can militarize commercial technology too will benefit.