Global Military Vetronics Market Report 2018: Rising Impressive Business Opportunities Analysis Forecast by 2022

Military vetronics is a product with high technology specification used extensively in the military domain. In defense, the demand for unmanned vehicles and drones is growing at high pace globally. These unmanned vehicles and drones are equipped with sophisticated technologies for capturing images of foliage, sporting events, and cityscapes. Thus, accelerating the military vetronics market. The global military vetronics market was valued at US$ 3,871.92 Mn in 2017 and is expected to reach US$ 4,744.39 Mn by 2022. The growth of the market is witnessed due to rising government initiatives to conduct secret military operation owing to increasing war situation among the various countries is expected to increase the demand for vetronics in military in the coming years.

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Armored amphibious vehicles application is currently dominating the market due to its extensive usage in land as well sea. This vehicle are 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 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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Some of the significant players functioning in the market include Curtiss Wright Corporation, Thales Group, SAAB A.B., BAE Systems PLC, Elbit Systems Ltd, General Electric Company, Lockheed Martin Corporation, General Dynamics Corporation, Ultra Electronics Ltd, The Raytheon Company and Kongsberg Gruppen ASA.
On March 8, 2018, the Lockheed Martin has announced a new joint venture to pursue the next generation Integrated Air and Missile Defense System, "TLVS," for the German Bundeswehr. This joint venture will strengthen their position in integrated air and missile defense system and thereby strengthen their market position.

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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