Although the trend of decline exhibited over the
past five years is set to reverse, according to Strategic Defence
Intelligence’s new report – Future of the Irish Defense Industry – Market
Attractiveness, Competitive Landscape and Forecasts to 2018 – it will only
enjoy marginal growth to 2018. With such limited growth in the Irish defense
market, the majority of defense expenditure will be accounted for by pay,
allowances, and pensions; consequently, those players seeking to profit from
the Irish defense market must make shrewd decisions if they are to capitalize
on the opportunities available over the next five years.
Since 2007, expenditure on pay, allowances and
pensions accounted for a significant majority of Irish defense expenditure – a
proportion that is set to increase to 2018. Consequently, with such a
significant percentage of the budget allocation being taken up by staff
maintenance, the opportunities for OEMs are limited, and so those seeking to
capitalize on opportunities in the Irish defense sector to 2018 must remain
receptive to key trends in the market.
Complete
Report Copy @ http://www.rnrmarketresearch.com/future-of-the-irish-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018-market-report.html.
Cyber-crime
& Ireland’s Pro-tech Environment
According to the Irish Reporting and Information
Security Service Computer Emergency Response Team (IRISS-CERT), up to 10 Irish
businesses come under cyber-attack per day. This high rate of cyber-attacks
puts emphasis on cyber-security to improve corporate and national defense, and
many firms are attracted to Ireland due to its beneficial environment for
technology.
In 2012, Total Defense Internet Security Ireland
Limited announced the establishment of the European Operations Hub in Dublin.
Georgia Tech Research Institute (GTRI) announced a new threat analysis system –
Titan – along with the development of the European threat center against
cyber-attacks, most likely to be established in Ireland. The growing awareness
regarding the devastating consequences of cybercrimes is expected to attract
more companies and firms to the Irish market.
Light
Tactical Armored Vehicles
In an effort to provide improved reliability and
protection against a range of threats, including armor-piercing rifle fire and
anti-tank mine detonations, the Irish DoD has taken steps to acquire armored
fighting vehicles. In particular, demand for light tactical armored vehicles -
which provide protection from small arms fire, shell fragments, roadside bombs,
and landmines – are likely to rise over the next five years in order to protect
toops engaged in peacekeeping missions.
Order
/ Buy a Report Copy @ http://www.rnrmarketresearch.com/contacts/purchase?rname=107319.
Offshore
Patrol Vessels
In order to replace naval service vessels that are
near the end of their life span, the Irish government approved a contract for
the purchase of new vessels in July 2010. The contract was awarded to Babcock
Marine for two offshore patrol vessels (OPVs), with the option of acquiring a
third. According to Strategic Defence Intelligence, this contract will provide
opportunities for companies that manufacture propulsion systems, surveillance
and communication equipment, artillery guns, machine guns, sensors, and fire
control systems.
Modernization
of Rifles & Related Equipment
Under the modernization programs of the DoD, the
Irish Army is expected to upgrade its aging Steyr Aug A1 rifles, thereby
extending their lifespan to 2025. The DoD has allocated an initial budget for
this modernization, which is expected to take place over the next three years.
Around 6,000 rifles will get revamped under this modernization
process, being fitted with Combat Optical Weapon Sight (COWS), thermal weapon
sights, and grenade launcher attachments. Additionally, the government has
issued plans relating to the procurement of ammunition, force penetration
equipment, and chemical detectors; these plans all present opportunities in the
Irish defense market.
