Frost & Sullivan predicts U.S. DoD Special Operations Command spending to stabilize up to 2018
NewsJanuary 02, 2014
MOUNTAIN VIEW, CA. Analysis from Frost & Sullivan’s U.S. Department of Defense (DoD) Special Operations Command (SOCOM) budget shows $10.09 million was spent on military products and services in 2012, and is expected to reach $10.60 million by 2018. The spending is anticipated to remain stable during the next four years, in spite of current budget concerns.
Frost & Sullivan also predict investments in Commercial Off-The-Shelf (COTS) products and networking tools will rise as costs are lowered and efficiency enhancements are made. In the next four years, the U.S. DoD SOCOM is also expected to spend on new platforms, including Ground Mobility Vehicles (GMVs) and training. In terms of technology, spending will primarily focus on Size, Weight, and Power (SwaP) product improvements. Analysts also predict that command and control, communications, computers, Intelligence, Surveillance, and Reconnaissance (ISR) systems, rotary wing applications, and training and simulation programs will increase exponentially.
However, there are also significant challenges on the rise. Frost & Sullivan Aerospace & Defense Senior Industry Analyst, Brad Curran, says: "Market participants should offer cost-effective, high-performance military systems in order to win more contracts with the U.S. DoD SOCOM. They will also do well to extend reliable support services and build strong relationships with contractors."
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