Farmington, CT, December 16, 2011 --(PR.com
)-- Global Information, Inc. (GII) presents "World Military Market for Connectors" by Bishop & Associates, Inc.
The military and aerospace industry is a valuable economic asset and a major source of employment, exports, and technology advancement. As with most industries, it requires competition and investment remain vital and advance. Unlike other industries, defense business depends critically on governments in their role as regulators, customers, and investors. On average, over the last five years, governments worldwide have consistently spent 2.7% of their global gross domestic product on military expenditures.
North America, which represented 47.1% of all connector sales in the military/aerospace sector in 2010, is by far the driving factor behind connector sales in this sector. North America has consistently had the greatest sales of connectors used in the military sector and had the second-largest year-to-year growth. China ranked last in connector sales to the military sector, and exhibited the greatest growth.
There will be reduced global spending on new platforms in North America and Europe as troops continue to withdraw from Afghanistan and Iraq. However, there will be increased spending on upgrades and retrofit programs. Although all regions are anticipated to show positive growth, sales in North America, Europe, and Japan will be modest, while sales in China will increase significantly. The Asia-Pacific and ROW region, which includes Central America, South America, South Africa, and Russia, is also anticipated to have above average growth.
Above-average growth will be seen in the Fiber Optic family. Three areas of growth, beyond the traditional Circular and PCB connectors, will be seen in the Application Specific, Heavy Duty, and the RF Coax family. The increase in sales in these families will be attributed to an increase in portable power requirements and the continued advancement of network centric operations/warfare, where every vehicle, ship, plane, weapon, and soldier becomes a node on huge strategic information network.
For more information: http://www.giiresearch.com/report/bs225453-world-military-market-connectors.html
Find Connectors Market Research Reports: http://www.giiresearch.com/topics/EL06_en.shtml
About Global Information Inc.
Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.