Global Defence Industry Finds New Business Opportunity in Emerging Countries, Says Frost & Sullivan

Global Defence Industry Finds New Business Opportunity in Emerging Countries, Says Frost & Sullivan PR Newswire LONDON, Nov. 19, 2012 - Economic growth in 'Transitioning Markets' led to increasing opportunity for global C4ISR, while opportunities in Western nations decline LONDON, Nov. 19, 2012 /PRNewswire/ -- Under tight budgetary environment global defence industries are experiencing another threat to their growth: unexpected competition arising from rapid innovations in the commercial of the shelf (COTS) technologies. This is more relevant to C4ISR, being a complex web of high-tech sub-systems. As traditional defence markets no longer offer reliable growth opportunities global defence integrators are being forced to develop business in adjacent markets including new geographies, industries and end-users. According to Frost & Sullivan research, countries can be broadly categorised into three types depending on the level of C4ISR capability: Advanced, Transitioning and Limited Capability. Frost & Sullivan predicts that each Advanced Market, including the US and major European countries, among a few others will spend at least USD 500 million each year between 2012 and 2021 on C4ISR capabilities. Despite this, their market shares to global C4ISR are expected to decline in the study period.