LONDON, 27 June 2008. The European land-based ISTAR vehicle electronics markets continue growth as countries across the region are actively undertaking programs to modernize their defense forces. The growing focus on network-centric warfare and the European Union battle group and response force concept of NATO are other major factors driving the market forward, says a report from Frost & Sullivan.
New analysis from Frost & Sullivan, "European Land-based ISTAR - Vehicle Electronics Markets," finds that market revenues are expected to reach over $5.4 billion in the period 2008-2017.
"Electro-optic and infrared systems seem to have a major share within the ISTAR vehicle electronics market, followed by navigation systems and vehicle intercom systems, which are a must for every other vehicle that is upgraded and manufactured," notes Frost & Sullivan research analyst Harish Balasubramanian. "On the other hand, remote overhead weapon stations (ROWS) and surveillance, target acquisition and reconnaissance (STAR) systems have the least share as their usage is limited to particular vehicles."
Individually, the United Kingdom is the highest spender in the European land-based ISTAR vehicle electronics markets and is expected to account for a major share of expected procurements between 2008 and 2017. Germany, France, Italy, and the Netherlands are the other countries expected to have a major share in the European land-based ISTAR vehicle electronics markets over the same period.
"However, keeping pace with the continuous advances in defence technology is a major challenge for participants in the European land-based ISTAR vehicle electronics markets," says Balasubramanian. "Restricted defense budget allocations and reductions in the total number of active troops in service can be seen as restraints for the market, but are unlikely to have a major impact."
Development of total unmanned vehicle systems is going to be a key factor in the European land-based ISTAR vehicle electronics markets in the coming years.
"European Land-based ISTAR - Vehicle Electronics Markets" is part of the Aerospace and Defense Growth Partnership Service program, which also includes research in: European Software Defined Radio Markets, Indian Defence Supplier Market, European Land Based ISTAR - Vehicle Electronics Markets, Global Commercial Aviation Electrical Power Systems and Infrastructure Market Assessment, Border & Maritime Security Market Assessment - EU Accession States, European Air ISR Command & Control Market Assessment, European Air ISR Radar Market Assessment and European Air ISR Sensors (EO/IR) Markets.
