11 June 2019
Visiongain has published a new defence report Military Land Vehicle Electronics (Vetronics) Market Report : Forecasts By Region (North America, Europe, Asia-Pacific, Middle East & Rest of World); By Vehicle Type (Main Battle Tanks, Light Protected Vehicles, Amphibious Armoured Vehicles, Mine Resistant Ambush Protected (MRAP) Vehicles, Infantry Fighting Vehicles, Armoured Personnel Carriers & Others); And By System Type (Navigation, Observation, Display & Computing, C3 & C4ISR/EW, Weapon Control, Sensor & Control, Vehicle Protection & Power) Plus Analysis of Leading Defence Contractors And Supplier Companies Developing Electronics For Ground Vehicle Applications.
The Military Vetronics market is estimated to grow at a Compound Annual Growth Rate (CAGR) of 5.34 % from 2019 to 2029.
Digitalisation is having a profound, driving effect on the Vetronics market, as are major advancements in Command, Control, Communications and Computing (C4) technologies.
Visiongain anticipates that global investment and consolidation will be healthy over the next decade with defence departments continuing to modernise their existing fleets and, in some cases, beginning preparations for large-scale ground combat operations.
Leading companies such as BAE Systems, General Dynamics, Kongsberg Gruppen, Leonardo S.p.A. and Oshkosh Corporation, among others, are active in this USD 3.56 billion market.
The lead Defence Analyst said: "Since the turn of the millennium, the birth of the digital battlefield has somewhat transformed how militaries around the world overcome challenges from state and non-state actors. Analysis has shown that ground vehicles have not escaped the effects of digitalisation and, as a result, have become interconnected nodes in combat.
We have witnessed a significant increase in the amount of advanced electronic systems in military vehicles, predominantly computing, communication and display technologies. It has arguably made armed forces more agile, powerful and responsive to what is happening in the field.
It is likely that digitalisation will continue to drive the Vetronics market forward and administrations specifically in North America, Europe and the Asia-Pacific region will further commit to modernising their militaries."
Note for Editors
If you are interested in a more detailed overview of this report, please send an email to firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.
We are one of the fastest growing and most innovative independent research companies in Europe. Based in London, UK, 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.
Along with an evaluation of the current level of international investment in the directed energy weapon market, this report provides measured forecasts for six submarkets covering the period 2021 to 2031.
15 February 2021
The market for offshore oil and gas industry is expected to be driven by the increase in offshore drilling activities. This combined with high investment done in an effort to explore new reserves for oil and gas would drive the offshore oil and gas industry.
05 February 2021
The major growth driver for the global military airborne intelligence, surveillance & reconnaissance (ISR) technologies industry has been the rising demand for military drones. A large range of systems, such as a navigation system, airframe, contact link, autopilot, engine, and sensor kit, are fitted with military drones.
05 February 2021
Growing usage of automation systems in fire control systems is anticipated to fuel market growth coupled with rising geo-political issues among several economies. According to Visiongain analysis, Asia Pacific dominated the global fire control systems market and is projected to hold maximum market share by 2031.