Market Highlights: Vetronics refer to vehicle electronics, which enable military units to integrate various systems such as communication, command, and to control vehicle electronic warfare system, navigation system, vehicle protection systems, and surveillance system to streamline activities such as communication, navigation, surveillance, and vehicle health management. These systems are vital in refining the effectiveness of land vehicles and their role in integrated network-centric warfare operations. The market study is being classified by Type (Control and Data Distribution Systems, Display Systems, Power Systems, Vehicle Management Systems and Others (Navigation System, Communication System)), by Application (Light Protected Vehicles, Amphibious Armored Vehicles, Mine Resistant Ambush Protected, Armored Personnel Carriers and Others (Infantry Fighting Vehicle, Main Battle Tank)) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Military Vetronics are Lockheed Martin Corporation (United States), Saab AB (Sweden), Thales Group (France), General Dynamics Corporation (United States), Harris Corporation (United States), BAE Systems (United Kingdom), Curtiss-Wright Corporation (United States), Ultra Electronics Holdings plc (United Kingdom), Elbit Systems (Israel), Rheinmetall Defence (Germany) and TE Connectivity (Switzerland).
Major Market Development Highlights In February 2020, France and Germany has launched an architectural study on the European Main Ground Combat System (MGCS). The study encompasses potential future development of arms, ammunition, and vetronics in military vehicles. With this association, both countries are aiming towards strengthening their military activities and forces.
Key Questions Answered in the Report What will the Military Vetronics Market size and the growth rate be in Future? What are the key factors driving the Military Vetronics Market? What are the key market trends and macro-economic impacting the growth of the Military Vetronics Market? What are the challenges to market growth? Who are the key vendors in the Military Vetronics Market? What are the market opportunities and threats faced by the vendors in the Military Vetronics Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Military Vetronics Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Military Vetronics market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Military Vetronics market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Military Vetronics, Suppliers of Defense Electronics, Component Provider of Vetronics, Wholesalers, Distributors and Retailers of Vetronics, Armored Vehicle Manufacturers, Defense Organizations and Governmental Bodies. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.