Global Military Land Vehicle Electronics (Vetronics) Market 2018-2028 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for vetronics, key market trends, and challenges faced by industry participants.
The increasing complexities in modern day war techniques have resulted in a heightened requirement for Intelligence, Surveillance and Reconnaissance (ISR) activities, which has resulted in several key defense spenders to invest heavily in the research and development of ISR systems, such as thermal sights, infrared vision systems, and laser target designators.
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Major Companies Mentioned:
Elbit Systems Ltd
General Electric Company
Lockheed Martin Corporation
General Dynamics Corporation
BAE Systems PLC
Ultra Electronics Ltd
The Raytheon Company
FLIR Systems Inc.
The rising demand for new sighting devices as well as infrared cameras and thermal imaging systems is therefore contributing significantly to the growth of the global military vetronics systems market.
– The Global Military Land Vehicle Electronics (Vetronics) Market, valued at US$2.3 billion in 2018, is projected to grow at a CAGR of 3.78% over the 2018-2028 period, to reach US$3.4 billion by 2028.
– The market consists of three categories: ISR Systems, Vehicle Protection Systems and C4 Systems. The market is expected to be dominated by the ISR Systems segment, which is expected to account for 52.6% of the market, followed by vehicle protection systems and C4 Systems with shares of 26.4% and 21.1%, respectively.
– The North America region is forecasted to dominate the sector with a share of 29.9%, followed by Europe and Asia Pacific with shares of 28.74% and 19%, respectively
Reasons to buy
– Determine prospective investment areas based on a detailed trend analysis of the global military land vehicle electronics (Vetronics) market over the next ten years
– Gain in-depth understanding about the underlying factors driving demand for different vetronics segments in the top spending countries across the world and identify the opportunities offered by each of them
– Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
– Identify the major channels that are driving the global vetronics market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
– Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global vetronics market
– Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top vetronics solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
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