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 July 6, 2015

News Long wait to come to America for Iraqis, Afghans who served U.S. troops Long wait times and a shortage of available visas for a huge backlog of applications remain major issues for the U.S. government’s Special Immigrant Visa program intended to ease entry to the United States for Iraqis and Afghans who served as...
 
 

News Briefs July 6, 2015

Russian MiG fighter crashes in southern Russia, pilot lives The Russian Defense Ministry says a Russian air force fighter jet has crashed in the south but its pilot ejected safely. The MiG-29 fighter jet went down July 3 near the village of Kushchevskaya in the Krasnodar region, 620 miles south of Moscow. The ministry said...
 
 
Army photograph by Doug LaFon

Army researcher’s interest in robotics leads to innovative device

Army photograph by Doug LaFon Dan Baechle, left, from the U.S. Army Research Laboratory Multifunctional Materials research team, has created a laboratory prototype of a device he designed to sense and damp out arm tremors for A...
 

 
Air Force photograph by TSgt. Joseph Swafford

Pave Hawk maintainers keep rescue birds flying

Air Force photograph by TSgt. Joseph Swafford Airman Joshua Herron, a 41st Expeditionary Helicopter Maintenance Unit HH-60 Pave Hawk crew chief, completes a 50-hour inspection on a Pave Hawk at Bagram Airfield, Afghanistan, Jun...
 
 
Air Force photograph by SrA. Benjamin Raughton

B-52s demonstrate strategic reach

Air Force photograph by SrA. Benjamin Raughton A B-52H Stratofortress is marshalled to a stop at Barksdale Air Force Base, La., after a 44-hour sortie July 2, 2015. Aircrew members and two B-52s from Barksdale AFB’s 96th ...
 
 

Soldier missing from Korean War accounted for

The Department of Defense POW/MIA Accounting Agency announced July 1 that the remains of a serviceman, missing from the Korean War, have been identified and will be returned to his family for burial with full military honors. Army Sgt. Joseph M. Snock Jr. of Apollo, Pennsylvania, was buried July 6, in Arlington National Cemetery. In...
 




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=""> <s> <strike> <strong>