With the global geopolitical situation changing rapidly, most countries are concentrating on modernizing their military infrastructure, including the construction of military bases, barracks, upgrading the logistics channels. Additionally, emerging economies in the Middle East and South Asian regions are witnessing increasing defense expenditure and are therefore likely to present global military infrastructure & logistics providers with greater opportunities in the coming decade. Learn details of the Research: Trends and Opportunities by 2022
Military infrastructure and logistics involves the process of planning and controlling the flow of essential goods and supplies from the storage facilities to military bases. The concept was introduced during world war two.
The global market for infrastructure and logistics has been anticipated to grow due to the rising maritime conflicts and regional tensions across the globe. The market is expected to witness steady growth over the forecast period.
However, there are certain factors that are limiting the demand for military infrastructure and logistics market to a certain extent. The development and setting up of new military bases incur huge expenditure.
This kind of expenditure is not feasible by the developing regions such as Asia Pacific and Africa. This is one of the primary factors hindering the demand for military infrastructure and logistics market.
Nevertheless, the ongoing technological advancement in infrastructure development is expected to reduce the cost of relocation and setup of new bases significantly. This in return is expected to drive the demand for military logistics and infrastructure in the coming years.
The global market for military infrastructure and logistics can be segmented by types and region. On the basis of types, the market can be segregated into military logistics services, military infrastructure and military FMS.
The military infrastructure segment is expected to dominate the market during the forecast period. The dominance of the segment is attributed to the inclusion of permanent and temporary installations in the segment.
The temporary installations include military bases, barracks, secure communication facilities, airfields and inland command centers among others. The rising maritime conflicts are expected drive the demand for military infrastructure segment during the forecast period.
- The global military infrastructure & logistics market is estimated to value US$37.8 billion in 2017, and is expected to grow at a CAGR of 3.21% to value US$48.8 billion by 2022.
- In terms of segments, Infrastructure Construction is expected to account for 47.1% of the military infrastructure & logistics market, followed by facilities management and central logistics, with share of 31.8% and 21.1% respectively.
By geography, the market can be bifurcated into five strategic regions which include North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America and Europe are expected to dominate the market during the forecast period.
The presence of developed nations such as the U.S., U.K., Germany and France among others is expected to drive the demand for military infrastructure and logistics significantly over the forecast period. However, the Asia Pacific region has been identified to be witness the most promising demand over the forecast period.
The presence of developing economies such as China and India is expected to drive the demand owing to the rising concern of increased security in these regions. Furthermore, China is focusing on increasing their naval presence over the globe.
The global market for military infrastructure and logistics has been analyzed to be fragmented with the presence of several players operating in the market. The key players in the market include ANHAM, AECOM, DynCorp, Lockheed Martin Corporation and KBR.
The other emerging players are Aselsan, Fluor, GENCO and Honeywell among others.
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