Key vendors to strategically increase their sales by developing sensor-based munitions
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global cluster munitions market in their latest research report. This report also lists two other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of the following type of cluster munitions.
- Anti-personnel: It includes the cluster munitions that are fired to kill specific personnel like extremists, military men, or VIPs.
- Anti-tank: It includes the cluster munitions that are fired at the tanks and other armed vehicles used by the personnel like extremists, military men, or VIPs.
This Technavio report, under the defense vertical, is based on the synthesis, analysis, and interpretation of information about the global cluster munitions market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The players in the market compete on the basis of cost, reliability, product quality, and aftermarket service. Competition in the market is fierce and is controlled by the established vendors. The companies are focusing on developing in-house manufacturing capabilities, new technologies, R&D investments, global footprint network, product offerings, and a strong client base to gain a competitive advantage over other players in the market. The manufacturers are launching cost-effective and high-quality cluster munitions equipped with latest technologies to sustain the competition in the market and increase their profitability. The players are concentrating on the implementation of lightweight materials, electronic technologies, and robust systems to attract more consumers. Vendors are forming strategic alliances to increase production capabilities and to provide support to the military assets across the globe.
“The companies are developing sensor-based munitions primarily for the US Air Force and other countries like India, the Philippines, Oman, Saudi Arabia, South Korea, Turkey, and the UAE. This tactical munition dispenser contains four hockey-puck-shaped sensor-fuzed projectiles that are called as skeets. These are used to detect target vehicles like armored personnel carriers, tanks, trucks, and other support vehicles, and fires a kinetic energy penetrator at them,” says Moutushi Saha, a lead analyst at Technavio for research on defense.
Top five vendors in the cluster munitions market space
Textron Systems
The company offers infrastructure protection, homeland security, aerospace, and defense products to the US and other consumers across the globe. It also provides electronic systems, advanced information solutions, weapon and sensor systems, smart weapon systems, lightweight weapons and ammunition, and protection systems.
Key products: CBU-97, CBU-105, and CBU-107.
IMI Systems
The company develops, integrates, and manufacturers modern land, air, and naval combat systems. It also offers munition systems, rocket systems, land systems, advanced systems, and small caliber ammunition products. Recently, it announced that the company’s FASTLIGHT small-size droppable bomb underwent successful field tests.
Key products: M453 – ILLUM-ER HB/BB Projectile, M436 STUN cartridge, and M158 WP-T smoke cartridge.
L-3 Fuzing and Ordnance Systems
The company develops and produces arming devices, fuzing, and safe products. It also manufacturers and integrates ordnance systems for tube-launched, air-dropped, missile, and rocket-driven devices. The company is currently producing proximity fuzes, which allow high-accuracy, high-speed, low-cost, and extreme environment height of burst sensors for all types of weapons.
Key products: M767A1 Electronic Time Fuze, M782 Multi-Option Fuze (MOFN), and MK437 Multi-Option Fuze.
Lockheed Martin
Lockheed Martin is in the R&D, production, and supply of advanced technology systems, products, and services to defense, space, and aerospace industries across the globe. The company is developing and delivering next-generation products and technologies.
Key products: Long-range land attack projectile, MK-41 vertical launching system, and Navy 5-inch guided projectile.
Orbital ATK
Orbital ATK offers rocket propulsion systems, commercial and government satellites, and ammunitions and energetics. The company is focusing on increasing its availability to and direct engagement with customers and industry partners. Recently, the company received a contract of around $14 million from Lockheed Martin for the production of GMLRS for the US Army.
Key products: 105-millimeter ammunition, 120-millimeter ammunition, and 20-millimeter x 102-millimeter ammunition.
Other prominent vendors in this market include Aeroteh and China Aerospace Science and Technology Corporation.
A more detailed analysis is available in the Technavio report, Global Cluster Munitions Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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