Complexity of Modern Combat Platforms to Promote Military Support in Service Market, Says Frost & Sullivan

Complexity of Modern Combat Platforms to Promote Military Support in Service Market, Says Frost & Sullivan PR Newswire LONDON, Dec. 6, 2012 - Defence suppliers need to educate end users about the cost-effectiveness of outsourced SIS LONDON, Dec. 6, 2012 /PRNewswire/ -- Despite defence budget cuts in many countries, military support in service (SIS) outsourcing is set to increase, mainly due to the complexity of modern combat platforms which need permanent support. The rising cost of military maintenance, repair and overhaul (MRO), the need to mitigate the increasing complexity of equipment and systems as well as the difficulty of providing resources (cost of staff, complexity of training and staff retention) are all intensifying the pressure on defence budgets. As a result, industry involvement in military SIS will continue to rise as armed forces look to streamline SIS costs. New analysis from Frost & Sullivan (http://www.defence.com), Global Military Support in Service Market Assessment, finds that the market earned revenues of $49,444.4 million in 2011 and estimates this to reach $59,643.3 million by 2020. The research covers four main military SIS segments: MRO, modernisation, training and simulation, and total solution. "The modernisation segment has one of the most promising and stable outlooks for the forecast period," noted Frost & Sullivan Defence Industry Analyst Dominik Kimla.