Military Vetronics Market Growth 2019 Highlights by Competitive Scenario with Impact of New Innovations Drivers and Challenges to 2023

Global Military Vetronics Market Report Size, Share, Growth, Analysis and 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

Pune, India - May 15, 2019 /MarketersMedia/ —

The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2018 -2023).

Market Scenario:

Factors such as focus on enhancing situational awareness in the battlefield and rising incidences of asymmetric and network-centric warfare are positively impacting the military vetronics market. In addition, the rise in defense expenditure, especially in emerging economies and subsequent investments in procuring such systems further boosts the market growth. However, factors such as stringent regulations and subsequent delays in procurement processes hinders the market growth to a certain extent. Major players are keen on offering a solution with enhanced (size, weight, and power) SWAP features. Meanwhile, rising terrorist attacks and focus on counter operations, and vehicle modernization programs being initiated by many countries throughout the world, create promising growth opportunities for the military vetronics market. The global military vetronics market is expected to witness a CAGR of approximately 5% during the period 2018 to 2023.

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Vetronics comprises the electronic components associated with vehicles that are mainly operated by the defense organizations. These include various systems such as navigation systems, display systems, C3 Systems, weapon control systems, vehicle protection systems, power systems, among others, used for the purpose enhancing combat capability and situational awareness of the military vehicles. Furthermore, these systems are vital in improving the effectiveness of land vehicles and their role in integrated network-centric warfare operations.

Segmentation:

The global military vetronics market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by System: Communication & Navigation System, Weapon System, Power System, and Other Systems

Segmentation by Platform: Tanks & other Armored Vehicles, Troop Carriers & other Military Engineering Vehicles, Unmanned Ground Vehicles, and Amphibious Vehicles & Other Vehicles

Segmentation by Fit: Line-fit and Retrofit

Segmentation by Region: North America, Europe, Asia-Pacific and Rest of the World

Regional Analysis:

The military vetronics market has been segmented into North America, Europe, Asia Pacific and Rest of the World. North America is expected to be the largest market for military vetronics. The military vetronics market across the globe is expected to rise at a considerable pace during the forecast period due to rising focus on vehicle modernization programs to enhance the combat capabilities.

Asia Pacific will be the fastest growing market for military vetronics during the forecast period. In Asia-Pacific, emerging economies such as China and India are driving the growth of the military industry. Military expenditure in Asia-Pacific was among the highest in the world in 2017.

Along with the need to equip vehicles for modern warfare, there has been substantial expenditure on vehicle electronics. Since the manufacturing of combat vehicles are being shifted to buying countries and places that offer inexpensive labor, manufacturers based in North America and Europe are expanding their presence in Asia-Pacific. Developing countries in the region such as China, Australia, and India have emerged as major producers and consumers of such systems.

Key Players:

• BAE Systems plc
• Curtiss-Wright Corporation
• General Dynamics Corporation
• Harris Corporation
• Leonardo S.p.A
• Lockheed Martin Corporation
• Raytheon Company
• Rheinmetall AG
• Saab AB
• Thales SA

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Table of Content:

1 Executive Summary
2 Scope of the Report
2.1. Market Definition
2.2. Scope of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. List of Assumptions
2.2.4. Limitations
3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model. . .etc.

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