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World Military Aircraft Upgrade and Modification Markets
Frost & Sullivan, Jan 2001
Upgraded Military Aircraft Gain Capabilities and Bolster Market
Technological advances offer world governments the ability to upgrade their military aircraft capabilities. These modifications allow governments to establish older aircraft as force multipliers. Upgrades and modifications keep military aircraft fleets outfitted with the latest technologies while waiting for the next generation of fighter, attack, and transport aircraft to become operational. This strategic Frost & Sullivan research examines the world military upgrade and modification markets by dividing the industry into four regions with five segments and analyzes the drivers and restraints for each. It is an excellent resource for companies that want to take advantage of key market opportunities.
Mergers and Acquisitions Crucial to Survival
Consolidation continues to change the landscape of these markets. Top companies strengthen their positions through mergers and acquisitions, enabling access to new markets and allowing international scope.
Consolidation is a must to remain competitive given this smaller defense market, states the author of this report. Regional mergers make the world market even more competitive, and large integrators are trying to get footholds in countries and regions where they were excluded from merging before.
Flexibility is the Key for Future Operations
Participants must design products that are flexible enough to allow for future upgrades: Upgrades built today must have the capacity for changes to the system or additions to the system, states the author.
Manufacturers should also segment their product line based on cost. This allows them to target militaries with small and medium-sized aircraft upgrade budgets.
The most prevalent strategies to increase revenues are adding to market coverage by increasing product lines and tailoring upgrades to offer an all-encompassing product and integration package.
Users of this Frost & Sullivan report benefit from the most up-to-date market information available and will gain insight into market winners and losers, their strategies, and how to maximize share.
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