Global Military Vetronics Market Report: Information by Platform (Tanks, Troop Carriers, UGVs, Amphibious Vehicles, & Others), by System (Communication & Navigation, Weapon, Power, & Other Systems), by Fit (Line-Fit & Retrofit) & by Region – Forecast to 2023

Observing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.

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The key factors that drive the growth of global military vetronics market include low cost per mile military ground vehicle to reduce ownership cost, modernization of military ground vehicles, and reduction of size, weight, & power consumption (SWaP) of electronics in military vehicles to expand internal space for the accommodation & ammunition reserves. The global market has been segmented on the basis of the system, vehicle type, and lastly region. Based on the system, this market has been segmented into C3 systems, communication systems, navigation systems, and power systems. By vehicle type, the market has been segmented into armored amphibious vehicles, light protected vehicles, special purpose vehicles, and unmanned ground vehicles.

The regional segmentation segments the global military vetronics market into continent-based regional markets namely The Americas (North America & South Americas), Europe, Asia Pacific, and the Middle East & Africa (MEA). The demand for C3 is highest in North America and Europe because these regions are technologically advanced and many manufacturers and developers of military land vehicles systems with next-generation electronics systems are based in these regions. In The Americas, due to technological advancement, North America as a market is bigger than South America. The United States of America (USA), which is the largest spender on defense is the strongest economy in North America and hence, a lucrative market for military vetronics. Other country based markets in The Americas are Canada and Brazil, followed by the rest of North & South America. Europe holds the lion‘s share in the global military vetronics market, and during the forecast period, the status quo remains unchanged. The most important country-specific markets in Europe are France, Germany, Italy, Spain, and the United Kingdom (UK), followed by the rest the of Europe.

Key Players:

The key players in the global military vetronics market include BAE Systems PLC (UK), Curtiss-Wright Corporation (USA), Elbit Systems Ltd. (Israel), General Dynamics Corporation (USA), General Electric Company (USA), Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (USA), Oshkosh Corporation (USA), The Raytheon Company (USA), Rheinmetall Defence (Germany), Moog, Inc. (USA), SAAB A.B. (Sweden), TE Connectivity (Switzerland), Thales Group (France), and Ultra Electronics Ltd. (UK).

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Also Read:

https://www.reuters.com/brandfeatures/venture-capital/article?id=109440

https://www.slideshare.net/RenukaAvasti/military-vetronics-market-176755906