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Military Logistics Market size is set to grow by USD 971.1 million from 2024-2028, Growing demand for international peacekeeping operations to boost the market growth, Technavio

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NEW YORK, July 10, 2024 /PRNewswire/ — The global military logistics market is projected to expand by USD 971.1 million from 2024 to 2028, growing at a CAGR of 2.09%. This growth is fueled by increasing demand for international peacekeeping operations and the globalization of military activities. However, challenges such as growing regulatory compliance related to logistics are noted. Key players in the market include AECOM, Agility Public Warehousing Co. K.S.C.P, BAE Systems Plc, Lockheed Martin Corp., and others. Regions expected to experience significant growth in military logistics include North America, Europe, and the Asia-Pacific, driven by geopolitical tensions and defense modernization efforts.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Army, Navy, and Airforce), Type (Logistics and distribution, Facility management, and Services), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

AECOM, Agility Public Warehousing Co. K.S.C.P, Amentum Services Inc., Anham Fzco LLC, BAE Systems Plc, CACI International Inc., CLAXTON LOGISTICS SERVICES LLC, CMA CGM SA Group, Colak Group, Crane Worldwide Logistics, Crowley Maritime Corp., Fluor Corp., General Dynamics Corp., KBR Inc., Lockheed Martin Corp., ManTech International Corp., One Network Enterprises Inc., SEKO Logistics, Thales Group, and Wincanton Plc

Key Market Trends Fueling Growth

The military logistics market has witnessed a notable growth trend due to the increasing globalization of military operations. Over the past decade, there has been a rising trend towards multinational military collaborations to tackle common security concerns. This was evident during military interventions in Afghanistan and the subsequent withdrawal, where logistics played a pivotal role. Furthermore, the ongoing fight against terrorism and extremism has led to multinational military operations in various global regions, such as the G5 Sahel Joint Force in Africa. This globalization trend is driving demand for military logistics services that can operate across multiple regions and countries. Companies with international experience and cultural understanding, as well as those with a global presence, are well-positioned to meet this demand. As a result, the global military logistics market is expected to experience significant growth due to the increasing globalization of military operations. 

Military logistics plays a crucial role in ensuring the timely support and upkeep of armed forces during conflicts and natural disasters. This market involves planning, coordinating, and executing the movement and supply of resources, including troops, maintenance, and operational capabilities. Key trends include integration of artificial intelligence for situational awareness and tracking systems, expansion of automation in maritime, air, and land transportation, and the use of new technology in combat support, such as biofuel and power-generating capabilities. Market categories include logistics and distribution, facility management, medical services, and more. Military logistics applications require portability, reliability, and the ability to adapt to various conflict and disaster scenarios. The market is constantly evolving, with a focus on improving operational capabilities and deployment efficiency. 

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Market Challenges

•         The global military logistics market faces significant challenges due to complex regulatory requirements. Export control regulations vary by country and region, restricting the export of sensitive military equipment, technologies, and software. Customs regulations add to the complexity, necessitating detailed documentation and compliance with procedures. Logistics companies must also adhere to various national and international laws, including labor, environmental, and anti-corruption laws. These regulations increase operational costs and require robust compliance programs and risk management strategies. According to reports by the World Customs Organization and the Financial Times, regulatory compliance costs have risen sharply in recent years, posing a potential challenge to the growth of the global military logistics market.

•         The Military Logistics Market faces numerous challenges in supporting military activities. With increasing military spending worldwide, there is a growing demand for efficient and effective logistics solutions. Communication networks must remain secure against cyber threats, while environmental impacts call for the adoption of eco-friendly technologies and energy-efficient transport. Budget constraints and geopolitical tensions create uncertainties, leading to disrupted supply chains. Technological proliferation brings advanced technologies like drones, automation, IoT, and blockchain into play. Delivery time is critical on the battlefield, requiring agile and connected logistics systems. Military personnel and supplies must be transported via airways, seaways, and land ways, with air transport being a priority for rapid response. Conflicts and emergencies necessitate strategic collaborations and defense sector partnerships. Military organizations must navigate these challenges to provide essential logistic service offerings and ensure the acquisition of armaments and supplies for their forces.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This military logistics market report extensively covers market segmentation by

End-user 1.1 Army1.2 Navy1.3 AirforceType 2.1 Logistics and distribution2.2 Facility management2.3 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Army-  The military logistics market’s army segment involves three distinct military supply chains. The first chain focuses on the swift transportation of light commodities like food, medicine, and clothing. The second chain handles the movement and maintenance of major weapon systems over an extended period. Lastly, the deployment chain facilitates the quick movement of large troop bodies in a short timeframe. To enhance supply chain efficiency, digitalizing inventories, employing advanced technology for monitoring, and outsourcing supply and maintenance are recommended. Commercial transport moves over 85% of all materials, but the field supply chain relies heavily on service transport due to challenging conditions. Minimizing the need for a large fleet of service vehicles through the use of civil sector technology and resources is a significant growth driver for the army segment in the global military logistics market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Military Logistics Market plays a crucial role in ensuring the smooth and efficient execution of military activities. It involves the planning, coordinating, and executing of movement, storage, supply, and maintenance of resources for armed forces. Timely support is essential for the success of military operations, making effective logistics a key factor. Communication networks are a critical component of military logistics, enabling real-time information exchange and coordination. Eco-friendly technologies and energy-efficient transport are becoming increasingly important to reduce environmental impact and address budget constraints. However, military logistics faces challenges such as disrupted supply chains and technological proliferation, requiring continuous adaptation and innovation. The market is continually evolving to meet the changing needs of military operations.

Market Research Overview

Military logistics refers to the planning, coordinating, and executing of the movement, storage, and supply of resources for armed forces. It plays a crucial role in ensuring timely support for troops through transportation and upkeep of operational capabilities during deployment in conflicts or natural disasters. Military logistics encompasses various branches and organizations, including air, sea, and land logistics, and involves the integration of artificial intelligence, situational awareness, and tracking systems for expansion and automation. Military logistics applications include logistics and distribution, facility management, medical services, and hospitalization, among others. The market is divided into regional divisions, with market performance influenced by factors such as military spending, communication networks, and regulatory standards. Competitors in the industry face challenges from budget constraints, geopolitical tensions, and uncertainties, leading to disrupted supply and technological proliferation. New technologies, such as hydrogen-powered railways, triangulation, and advanced technologies like drones, are transforming military logistics, offering portability, energy efficiency, and eco-friendly practices. Military logistics faces various challenges, including cyber threats, safety concerns, and environmental impacts, necessitating the adoption of sustainable practices and energy-efficient transport. Industry development is further influenced by factors such as military activities, combat requirements, and the integration of new technologies like communication networks and connected technologies. Despite these challenges, military logistics remains a critical component of military operations, ensuring the readiness and effectiveness of armed forces.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userArmyNavyAirforceTypeLogistics And DistributionFacility ManagementServicesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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KM Malta Airlines, the Maltese Islands’ New National Carrier, Implements CellPoint Digital’s Payment Orchestration Solution

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The partnership will enable KM Malta Airlines to provide passengers with a seamless payment experience and access to their preferred payment methods.

LONDON, Sept. 23, 2024 /CNW/ — CellPoint Digital, a global pioneer in Payment Orchestration, is proud to announce it has partnered with KM Malta Airlines to support the airline’s payment processes across multiple sales channels, including on its website and App, allowing passengers in future to pay with key alternative payment methods (APMs) like Apple Pay.

From the start of operations on March 31, 2024, CellPoint Digital was entrusted to support KM Malta Airlines’ payment processes across. Using CellPoint Digital’s Payment Orchestration platform, KM Malta Airlines launched the service with optimised payment processes, a cost-effective payment strategy, and a customer-centric payment model. This partnership reflects the airline’s commitment to providing its passengers with a seamless, convenient payment experience and the airline’s recognition of CellPoint Digital as a valued payment solution provider.

Through its partnership with CellPoint Digital, KM Malta Airlines gains access to a network of acquirer connections, including its newly introduced partner, Shift4 (formerly Finaro), to support its growth strategy. This allows the airline to optimise transaction routing, reduce payment costs, and settle in its preferred currency.

“It’s not often that we get to be present at the inception of one of Europe’s next great airlines, but that’s the opportunity we have with this partnership,” said Kristian Gjerding, CEO of CellPoint Digital. “By prioritising its payment strategy as a cornerstone of its launch strategy, KM Malta Airlines demonstrates that it cares about providing passengers with the best possible booking experience and setting itself up for future success.”

Roy Kinnear, CCO of KM Malta Airlines, stated, “A highly optimised, cost-efficient payment strategy is important to the success of our airline. That’s why we partnered with experts in aviation payments to deliver a comprehensive platform tailored to our passengers’ needs and allowing us to expand our offering of customer choice payment mechanisms.”

The Advantage of Day-One Payment Orchestration

Payment Orchestration is a concept that describes the end-to-end management of all components of a payment, from authorisation to routing to settlement to reporting, allowing airlines to boost conversions in direct and indirect sales channels at lower transaction costs. CellPoint Digital’s Payment Orchestration Platform, which KM Malta Airlines will implement, routes transactions intelligently to increase acceptance, simplifies and centralises back-end reconciliation, integrates various payment methods like Apple Pay, and easily accommodates multiple PSPs and acquirers, including KM Malta Airline’s preferred acquiring partner, Shift4.

For more information about the CellPoint Digital partnership with KM Malta Airlines or to speak with company executives, please get in touch with Steven Osei at steven.osei@cellpointdigital.com

About CellPoint Digital
CellPoint Digital is a fintech leader in payment orchestration and optimisation. CellPoint Digital’s main solution is a powerful Payment Orchestration Platform that optimises digital payment transactions from cards or alternative payment methods and accelerates the deployment of new payment options. Merchants can easily scale their own payment ecosystem across the world, unify the customer payment experience across their website, mobile apps and other channels, optimise the routing of each transaction, increase conversion rates and minimise payment costs. CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore. Visit www.cellpointdigital.com to learn more. 

About KM Malta Airlines

The KM Malta Airlines schedule serves 17 airports across 15 key European cities, namely, Amsterdam, Berlin, Brussels, Catania, Dusseldorf, London Gatwick, London Heathrow, Lyon, Madrid, Milan, Munich, Paris Charles de Gaulle, Paris Orly, Prague, Rome, Vienna and Zurich.

Bookings can be made on kmmaltairlines.com

Contact: media@kmmaltairlines.com

 

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SOURCE CellPoint Digital

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Advantech Unveils Expanded Singapore Office to Boost ASEAN Presence and Support AIoT Innovations with Strategic Partnerships

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SINGAPORE, Sept. 23, 2024 /PRNewswire/ — Advantech (TWSE: 2395), a global leader in industrial IoT and embedded computing solutions, has officially inaugurated its expanded regional office in Singapore. This strategic investment is set to enhance Advantech’s core competencies within the ASEAN region. Located at 7002 Ang Mo Kio Avenue 5, the new office will double the company’s current facility space, enhancing its infrastructure to meet the rising demand for high-technology solutions, particularly in the semiconductor sector. The expansion underscores Advantech’s commitment to collaborating with silicon and ecosystem partners and investing in local talent development through industry-academia partnerships. The new office will also support Advantech’s Configure-To-Order Service (CTOS), reinforcing its strategic goal of deepening and localising industry presence while advancing a comprehensive AIoT industry development strategy.

Vincent Chang, Managing Director of Asia and Intercontinental Region at Advantech, stated, “The relocation to our new premises marks a significant milestone in Advantech’s nearly 30 years of growth in Singapore. Established in 1995, Advantech Singapore has grown to become a pivotal hub in the ASEAN region, leading to the creation of Advantech Malaysia, Thailand, Indonesia, and Vietnam as key regional business units. Advantech envisions Singapore evolving into a Corporate Development Core Competency hub, focusing on business intelligence, strategic planning, and advancing branding, public relations, and ESG programmes across the ASEAN region.”

Advantech is also excited to launch the second year of its AIoT Innowork programme with Singapore Polytechnic (SP). This year’s projects will focus on sustainable development, net-zero emissions, and generative AI. Students will use Advantech’s WISE-PaaS, a cloud-based platform, to develop AIoT solutions, including a smart outdoor agriculture proof-of-concept within SP’s campus. Additionally, the programme will advance intelligent EV charging and parking space monitoring with Advantech’s LoRaWAN gateway and generative AI, featuring a dashboard for carpark occupancy and an assistive chatbot for availability queries.

In response to the government’s focus on future workforce development, a student team from SP is set to create a proof of concept for a “Generative AI-powered Virtual Sales Agent.” This innovative project aims to transform customer interactions by enhancing sales and engagement through cutting-edge AI technology. SP envisions this technology revolutionising customer engagement, enhancing service support, and improving operational efficiency.

Advantech Singapore is dedicated to advancing the “MySkillsFuture” programme, a key initiative by the Singapore government to support lifelong learning. Advantech aims to build a collaborative value chain that fosters a sustainable and thriving IoT ecosystem by partnering with ecosystem players, academic institutions, and industry leaders. Additionally, through academic collaboration, Advantech seeks to cultivate industry growth and align with its social responsibility objectives by producing and distributing urban farming products to underserved communities. These strategic partnerships are poised to drive long-term industry success and reinforce Advantech’s commitment to its ESG goals.

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SOURCE Advantech Co. Singapore Pte Ltd

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Estonia Strengthens Smart Mobility Networking and Strategic Partnerships in the Gulf

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DUBAI, UAE, Sept. 23, 2024 /PRNewswire/ — Trade Estonia, part of Enterprise Estonia, is concluding its participation at the ITS World Congress 2024 in Dubai, further asserting its leadership in intelligent transport systems (ITS) and smart mobility. Estonia, known for being the first country to allow testing autonomous vehicles on public roads since 2017, showcased its innovative technologies that are setting new benchmarks in smart mobility and ITS.

At the exhibition, Trade Estonia displayed pioneering solutions, including Bamboo Apps’ cutting-edge dispatch system for autonomous shuttles, enabling remote monitoring of unmanned vehicles to enhance safety and efficiency. e-Pavement integrates sensors within road surfaces to improve safety and traffic management, while Auve Tech’s autonomous shuttles seamlessly integrate with public transport, offering efficient and eco-friendly urban mobility solutions. Metrosert is enhancing the precision of smart infrastructure, and Digilogistika Keskus is optimising logistics through advanced digital platforms, boosting supply chain efficiency in smart cities.

H.E. The Ambassador of Estonia to the UAE Maria Belovas stated, “Estonia’s footprint in integrating cutting-edge technology is pivotal in enhancing transportation safety, efficiency, and mobility. Our innovations are designed to meet the evolving needs of global smart cities and ensure a sustainable future for transportation.”

These advancements exemplify Estonia’s commitment to developing intelligent, sustainable, and efficient transport solutions that address both urban and rural mobility needs, and solidifying its global network.

In addition to presenting its technological progress at the ITS World Congress, Estonia focused on building meaningful connections and exploring new avenues for collaboration.

Forging Strategic Global Partnerships

Estonia is dedicated to expanding its international impact by building strategic partnerships, particularly in the Gulf region.

A recent networking event, hosted by H.E. The Ambassador of Finland, Ms. Tuula Yrjölä, and H.E. The Ambassador of Estonia, Ms. Maria Belovas, brought together Finnish and Estonian business delegations to cultivate global connections in smart mobility. The event also facilitated valuable discussions on future collaborations, reflecting Trade Estonia’s ongoing mission to support global innovation and sustainability in transport.

Ms. Maria Belovas highlighted the importance of these international connections in advancing the organisation’s strategic goals and enriching global collaborative efforts.

Building on this momentum, Trade Estonia is gearing up for its next significant engagement at GITEX Global 2024. This upcoming event will serve as a new stage for Estonia to underline their technological advancements and explore new avenues for collaboration with global technology leaders.

About Trade Estonia

Trade Estonia is part of Enterprise Estonia. As a state organisation, Trade Estonia helps Estonian companies to establish themselves in international markets. With a focus on future technologies and pioneering projects, Trade Estonia provides Estonian companies with access to market analysis and marketing strategies and creates the conditions for them to operate successfully on a global scale. Trade Estonia not only promotes the development of new business areas and the establishment of strategic partnerships, but also facilitates access to international networks, thus contributing to the global competitiveness of Estonian companies.

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