DUBLIN, 4 April 2013. The U.S. military will continue its transformation into a more modular expeditionary force, increasing the demand for equipment that is more easily deployable and commercial off-the-shelf (COTS) equipment to benefit from technology advances and cost savings. These are among the findings of Frost & Sullivan's new report—“U.S. Future Defense Market Opportunities: Where Can a Defense Contractor Find Growth in 2025?”—now available from Research & Markets.
This study looks at the envisioned future defense capabilities and identifies various market opportunities that will appear if those capabilities are fully funded, describes a spokesperson. The majority of the areas identified are modifications of existing technologies focused on the revised capabilities set.
Frost & Sullivan analysts explain:
- The defense market is shrinking, and many of the traditionally large spending areas will be the most affected.
- Operation and maintenance (O&M) cuts will be the most immediate, with overseas contingency operations (OCO) funding eliminated and cuts to base budget O&M.
- Personnel will receive cuts after 2014.
- Procurement programs will be drawn out, and new procurement will be limited.
- Research, development, test, and evaluation (RDT&E) has already been cut,and funding will continue at slightly reduced amounts.
- Construction funding will continue to be used for the completion of existing projects, but future funding will decline
For more information, visit http://www.researchandmarkets.com/research/4n7zsz/u_s_future