“Military Land Vehicle Electronics (Vetronics) market worth $3.32 billion in 2018” says Visiongain report.

18 June 2018
Defence

Visiongain’s new report Military Land Vehicle Electronics (Vetronics) Market Report 2018-2028: Forecasts By System Type (Navigation Systems, Observation & Display Systems, C3 Systems, Weapon Control Systems, Sensor & Control Systems, Vehicle Protection Systems , Power Systems), By Vehicle Type (Main Battle Tanks, Light Protected Vehicles, Amphibious Armoured Vehicles, Mine Resistant Ambush Protected (MRAP) Vehicles, Infantry Fighting Vehicles, Armoured Personnel Carriers and Others) indicates that the global Vetronics market will see $3,318m in spending in 2018.

The lead analyst of the report said: “The rapid development of Information Technology has radically changed several aspects of warfighting. The global Military Land Vehicle Electronics market grew markedly during ground troop deployments to Iraq and Afghanistan. In the period from 2013 onwards however the reduction of the US’s global footprint and the drawing down of these operations led to a significant restraint on the global vetronics market. This trend will reverse in 2018. Two notable exceptions to the Western trend are France and Australia, who are already involved in major modernisation programs over a long period of time. Both the Scorpion and the LAND 400 programmes involve the procurement of replacement Military Ground Vehicle systems for the two countries. Both these programmes heavily emphasise integration of the latest advancements in vetronics. Therefore in the area of submarkets, it is C3, sensors, and computer, power and control systems that are expected to experience significant growth during the period, while the remote weapon stations and vehicle protection systems remain more level. The major growth in the market in Australia, China and France will not fully compensate for the slight slackening this year, but as the Rest of the World market continues to perform strongly throughout the period and American defence spending picks up again after 2017, it is expected the global market size will surpass 2014 levels from 2018 onwards.”

The 244 page report contains 196 tables and igures that add visual analysis in order to explain developing trends within the global vetronics market. Visiongain provides forecasts for the period 2018-2028 for the leading national vetronics submarkets, as well as Rest Of the World and 5 regional markets. The report also includes regional markets such as Africa and Latin America, complete with forecasts.

The Military Land Vehicle Electronics (Vetronics) Market Report 2018-2028: Forecasts By System Type (Navigation Systems, Observation & Display Systems, C3 Systems, Weapon Control Systems, Sensor & Control Systems, Vehicle Protection Systems , Power Systems), By Vehicle Type (Main Battle Tanks, Light Protected Vehicles, Amphibious Armoured Vehicles, Mine Resistant Ambush Protected (MRAP) Vehicles, Infantry Fighting Vehicles, Armoured Personnel Carriers and Others) report offers market forecasts and analysis for leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering the 10 companies leading the field in vetronics.

The Military Land Vehicle Electronics (Vetronics) Market Report 2018-2028 Forecasts By System Type(Navigation Systems, Observation & Display Systems, C3 Systems, Weapon Control Systems, Sensor & Control Systems, Vehicle Protection Systems , Power Systems), By Vehicle Type (Main Battle Tanks, Light Protected Vehicles, Amphibious Armoured Vehicles, Mine Resistant Ambush Protected (MRAP) Vehicles, Infantry Fighting Vehicles, Armoured Personnel Carriers and Others) report will be of value to anyone who wants to better understand the Military Land Vehicle Electronics (Vetronics) market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the defence industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports cusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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