29 March 2021
Visiongain has published a new report on Vetronics Market Report to 2031: Forecasts by Application (Defense and Homeland Security), By Vehicle Type (Main Battle Tank, Light Protected Vehicles, Mine resistant ambush protected, Infantry Fighting Vehicle, and Others), By Subsystem (Communication & Navigation, Observation and Display Systems, C3 Systems, Weapon Control Systems, Sensor & Control Systems, and Power Systems). PLUS, Profiles of Leading Vetronics Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Vetronics market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Vetronics Market
The COVID-19 pandemic has impacted lives of people all around the globe. It has proved quite detrimental for business across the globe and no industry and remained untouched by its impacts. This pandemic has caused a serious disruption in the supply chain and has resulted in a huge supply-demand gap in the market for vetronics worldwide
Upgradation of Countries to Network-Centric Warfare
Rising investments for the development of ultra-powerful radars and other communication systems by the major industry players is expected to raise the requirement to upgrade existing communication systems. This is expected to drive the growth of global vetronics market.
Shift Towards Cots Enables Improved Swap Specification
Growing focus towards COTS enabled improved SWaP specifications by the military forces are expected to drive the vetronics market over the forecast period.
Development of Vetronics Systems Which are Compatible with Hybrid Engines
The development of Vetronics systems which are compatible with hybrid engines is on the rise. For instance, in May 2019, the USAF had discussions with the major satellite operators to produce a hybrid vetronics architecture. This architecture is expected to enable the armed forces to easily switch the networks between commercial and military satellites, which will improve the connectivity, and reduce the likelihood of cyber-attacks.
Some of the companies profiled in the report include Harris Corporation, Thales Group, Saab Group
Lockheed Martin Corporation, General Dynamics Corporation, Raytheon Company, Curtiss-Wright Corporation, Leonardo-Finmeccanica S.P.A, Rheinmetall AG, and BAE Systems PLC.
• In July 2019, Belgium signed agreement with Thales for onboard intelligence and future data capabilities of its land forces
• In November 2018, the U.S. Army announced $14.4 million contract with General Dynamics Ordnance and Tactical Systems to build Ground Mobility Vehicles and kits.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 20 7549 9987.
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 focusing 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.
Owing to availability of upgrade kits for conventional weapons, increase in investment in advanced missiles defence systems and interceptor missiles, and increase in demand for miniaturised precision guided weapons.
22 June 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.
17 June 2021
The growth in asymmetric warfare has prompted government institutions to implement self-security and defensive tactics against terrorist or insurgent strikes.
17 June 2021
With advancements in technology awareness regarding usage of NextGen weapons and systems in modern warfare is increasing among armed forces of major countries.