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.


 
 

 

Headlines April 18, 2014

Business: Lockheed to Lose 17 F-35s Under Automatic Pentagon Cuts - Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report. DOD looking for ways not to break MH-60R helo deal - The...
 
 

News Briefs April 18, 2013

U.S. military deaths in Afghanistan at 2,177 As of April 15, 2014, at least 2,177 members of the U.S. military had died in Afghanistan as a result of the U.S.-led invasion of Afghanistan in late 2001, according to an Associated Press count. At least 1,802 military service members have died in Afghanistan as a result...
 
 
LM-F35-hours

F-35 fleet surpasses 15,000 flying hours

The Lockheed Martin F-35 Lightning II fleet recently surpassed 15,000 flight hours, marking a major milestone for the program.  “Flying 15,000 hours itself demonstrates that the program is maturing, but what I think is e...
 

 
nasa-cassini

NASA Cassini images may reveal birth of new Saturn moon

NASA’s Cassini spacecraft has documented the formation of a small icy object within the rings of Saturn that may be a new moon, and may also provide clues to the formation of the planet’s known moons. Images taken w...
 
 

NASA completes LADEE mission with planned impact on Moon’s surface

Ground controllers at NASA’s Ames Research Center in Moffett Field, Calif., have confirmed that NASA’s Lunar Atmosphere and Dust Environment Explorer spacecraft impacted the surface of the moon, as planned, between 9:30 and 10:22 p.m., PDT, April 17. LADEE lacked fuel to maintain a long-term lunar orbit or continue science operations and was intentionally sent...
 
 
Photograph courtesy of NASA Ames/SETI Institute/JPL-Caltech

NASA’s Kepler telescope discovers first Earth-size planet in ‘habitable zone’

Photograph courtesy of NASA Ames/SETI Institute/JPL-Caltech Kepler-186f resides in the Kepler-186 system about 500 light-years from Earth in the constellation Cygnus. The system is also home to four inner planets, seen lined up...
 




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>