Top Growing Trends & Segments in Global Military Vetronics Market, 2016-2024

The constant working of defense to provide modern vehicles to the armed force is accelerating the market. The modern vehicles help to improve surveillance, easy navigation, better intra and inter vehicle communication with adoption of new and advanced technology which is further fueling the market growth. The government of developed countries are thinking to reduce the defense budget in the coming years, which is anticipated to hamper the growth. However, continuous modernization of military vehicles in developing countries is expected to propel the growth of military vetronics market in the coming years.

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Armored Amphibious Vehicles Application Segment is Holding the Maximum Market Share during the Forecast Period

Armored amphibious vehicles application is currently dominating the market due to its extensive usage in land as well sea. This vehicle is highly used for surveillance & rescue mission, water transportation and personnel carrier. However, speedy deployment of armed forces during onshore and offshore operations has also further accelerated the growth.

Asia Pacific is Anticipated to Have a Significant Share in the Forecast Period.

Asia Pacific is considered as the most attractive market in the forecast period. This is due to growing security tension among Asian countries. The market in Asia Pacific, is anticipated to grow significantly due to high progress rate over the next few years on the grounds of rising terrorist activities. Countries like India, Pakistan, South Korea, North Korea, China and Japan are getting involved in various agreement and collaborative work in terms of military vetronics. Thus, further accelerating the military vetronics market. In June, 2017 it was announced that China is building the world's fastest amphibious fighting vehicle. The North China Institute of Vehicle Research has built a 4X4 armored fighting vehicle (AFV) that can reach a top speed of 31 miles per hour when traveling in calm waters. That speed would make the amphibious AFV the fastest amphibious military vehicle in the world.

Top Key Player Covered:
Curtiss Wright Corporation, Thales Group, SAAB A.B., BAE Systems PLC, Elbit Systems Ltd, General Electric Company, Lockheed Martin Corporation, The Raytheon Company and Kongsberg Gruppen ASA.

Military Vetronics Market - By Product:
Communication System, Navigation System, C4 System, Power System, Display System, Control and Data Distribution System, Other

Military Vetronics Market - By Application:
Light Protected Vehicles, Unmanned Ground Vehicles, Armored Amphibious Vehicles, Special Purpose Vehicles

By Region
North America,U.S.,Rest of North America,Europe,France, The UK, Spain, Germany, Italy, Rest of Europe, Asia Pacific, China, Japan, India, Southeast Asia, Rest of Asia Pacific, Middle East & Africa, GCC Countries, Southern Africa, Rest of MEA, Latin America, Brazil, Rest of Latin America

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The revenue share of power systems in vetronics is expected to reach 32.2% by the end of 2023. Control and data distribution systems, the second-largest systems segment, is also expected to show a decent growth in market share. Meanwhile, display systems and vehicle management systems will show a very slow increase in market share between 2015 and 2023.

Most of the modern warfare tactics and military vehicular utilities are largely dependent on remote controlled operations and even fully autonomous military operations. These systems are increasingly being integrated with communication systems, creating a greater need for the implementation of high-end military vetronics. The development of power systems is mainly based on these factors on a global level.

The Military Vetronics Market Report mainly covers following Content.
Chapter 1 Military Vetronics Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Continued…

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