Business

July 23, 2012

China’s Type 90 a stalking tiger on world light tracked vehicle market

In its annual analysis “The Market for Light Tracked Vehicles,” the Forecast International Weapons Group reports that it expects the market to produce nearly 9,300 units, worth more than $19.7 billion, through 2021. The international market for light tracked vehicles remains a highly competitive and dynamic environment.

Dean Lockwood, weapons systems analyst at Forecast International, notes that in terms of sheer numbers, China’s Type 90 armored personnel carrier and Type 90 mechanized infantry combat vehicle represent the most significant light tracked vehicle production run of the forecast period.

As the People’s Liberation Army standardizes its mechanized forces around the Type 90 APCand MICV, Forecast International expects that combined production of these two vehicles will account for about 41 percent of all new light tracked vehicle production worldwide, worth some 9 percent of the market, through 2021.

Meanwhile, new production of the top high-end vehicle – the Igel/Puma – will account for only 10.9 percent of all production through the forecast period.

Yet, Lockwood states, “We estimate this program will own 59.5 percent of the total value of the light tracked vehicle market through 2021.” Lockwood adds, “For most nations, the expense associated with the modernization and retrofit of high-end light tracked vehicles pales in comparison with the prospect of new procurement.”

The ongoing U.S. Army investment in the maintenance and upgrade of the existing Bradley fleet through fiscal year 2017 is now equivalent to only 5 percent of the value of all new-production light tracked vehicles scheduled to roll out worldwide through 2021. “While transparent to this market analysis, maintenance of the existing Bradley Fighting Vehicle fleet in U.S. Army service is still effectively the sixth most valuable light tracked vehicle program on the international market,” Lockwood said.

Although the light tracked vehicles in service today are all products of the Cold War, Lockwood says that they are far from relics destined for the scrap heap.

“Since the U.S. 3rd Infantry Division (Mechanized) executed its ‘Thunder Run’ to Baghdad in 2003, the light tracked vehicle has soldiered on as a significant force multiplier on the modern asymmetric battlefield,” he said.




All of this week's top headlines to your email every Friday.


 
 

 
Raytheon photograph

Raytheon completes key Air, Missile Defense Radar reviews

Raytheon photograph Partially-populated, full-sized Air and Missile Defense Radar array. Raytheon has completed two critical program reviews for the new Air and Missile Defense Radar, the U.S. Navy’s next generation integ...
 
 
Insitu photograph

Insitu demonstrates long endurance capabilities of Integrator unmanned aircraft

Insitu photograph Insitu’s Integrator unmanned aircraft recovers via SkyHook; the aircraft recently completed a 24-hour endurance flight. Insitu announced July 22 the successful 24-hour flight of its Integrator unmanned a...
 
 

U.S. Navy selects Northrop Grumman for ship self-defense system

The U.S. Navy has awarded Northrop Grumman a $12 million task order for a full range of engineering services to continue modernizing the Ship Self-Defense System Mark 2. The contract has a potential value of $61 million over five years, if all options are exercised. SSDS MK2 is a combat system designed for anti-air defense...
 

 
Lockheed Martin photograph

Lockheed Martin selected for U.S. Air Force’s satellite hosted payload initiative

Lockheed Martin photograph Lockheed Martin has a long history of developing and integrating hosted payloads onto spacecraft. Since 2000, the company has delivered 84 payloads on 16 different types of satellites from multiple ma...
 
 
boeing-france

Boeing delivers upgraded French AWACS aircraft

Boeing on July 17 delivered on schedule the first of four upgraded French Airborne Warning and Control System aircraft. The upgraded aircraft will increase the fleet’s surveillance, communications and battle management ca...
 
 

Lockheed Martin demonstrates JAGM dual-mode guidance section in second flight test

Lockheed Martin recently demonstrated its Joint Air-to-Ground Missile dual-mode guidance section during a second internally funded flight test at Eglin Air Force Base, Fla. During the test, the rail-mounted JAGM flew 6.2 kilometers and initially acquired the target using its precision strike, semi-active laser. The dual-mode guidance section then engaged its millimeter wave radar, and...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>