What is Military Vetronics Market Scope?
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.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Military Vetronics 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. According to AMA, the Global Military Vetronics market is expected to see growth rate of 4.2%
The players are also focusing on the high demand for embedded technology through the implementation of advanced Swap specs on modern vehicles. Manufacturers are concentrating on developing new systems while reducing the operating and design cost and enhancing the performance. Integrating systems that offer real-time information and data is one of the focus areas of the manufacturers. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Military Vetronics market throughout the predicted period.
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) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Military Vetronics market by Type, Application and Region.
On the basis of geography, the market of Military Vetronics has been segmented into 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).
Market Influencers and their development strategies
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.
Influencing Market Trend
- Increasing Breaching Incidences at Borders
- Growing Need for Technologically Enhanced Military Land Vehicles
Market Drivers
- Increased Demand for Enhanced Vetronics
- Emergence of Wireless Communication Technology
- Growing Demand for Unmanned Ground Vehicles
Opportunities
- Increasing Investment in Procuring Advanced Technology-Equipped Vetronics Systems
- Increasing Modernization of Military Vetronics
Restraints
- High Cost of Vetronics Products
Challenges
- Low On-Vehicle Network Capacity
Key Target Audience
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
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.