Military Vetronics Market Scope, Comprehensive Study Analysis and Forecast 2028| Key Players: Lockheed Martin Corporation, Saab Group, , BAE Systems PLC, Raytheon Company among Others

The Military Vetronics Market is expected to grow from USD 4.58 billion in 2019, at a CAGR of 5.7% during the forecast period. The analysis of the demand for military vetronics market aims to provide a detailed overview of the market dynamics, geographic development and various growth trends, including key drivers and restricting factors, habits of consumers or end-users, and new avenues. The research study is designed using in-depth qualitative and quantitative analysis of the global market for military vetronics.

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Vetronics includes the electronic components of vehicles operated mainly by defense agencies. These include various systems such as navigation systems, display systems, C3 systems, weapons control systems, vehicle protection systems, power systems, among others, that are used to improve the combat capability and situation awareness of military vehicles.

Based on the segments the market is classified as platform, system, fit and region. On the basis of platform the market is segmented as tanks, troop carriers, ugvs, amphibious vehicles, others. Based on System the market is divided into communication & navigation, weapon, power, other systems. On the basis of fit segment the market is categorised as line-fit, retrofit.

In addition to market size, the defense sector is projected to guide the overall military vetronics market and is anticipated to show an analogous pattern during the forecast period due to increased defense spending around the world.

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Based on region, the global drone logistics and transportation market is segmented into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. It is anticipated that APAC's military vetronics market will grow at the highest pace between 2016 and 2028, due to increased demand in emerging economies such as India and China for technologically advanced combat land vehicles.

The military vetronics market report presents an in-depth assessment of the offering of various players- Lockheed Martin Corporation, Leonardo-Finmeccanica S.p.a., Saab Group, Thales S.A., General Dynamics Corporation, Harris Corporation, Curtiss-Wright Corporation, BAE Systems PLC, Raytheon Company, and Rheinmetall AG. Their strategies to consolidate their shares or positions, and their insight into brand positioning strategies for key traction players are studied here. The analysis in the report looks at the investment patterns of leading players more closely.

Key Developments:

o In 2016, Lockheed Martin completed the acquisition of Sikorsky Aircraft, replacing United Technologies as the American helicopter maker's parent company.

o In 2019, the TLVS bidder's consortium, an MBDA Deutschland and Lockheed Martin joint venture, submitted its proposal to the German Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) to develop, test and deliver TLVS, Germany's future Integrated Air and Missile Defense (IAMD) system.

o In 2019, the U.S. Air Force and Lockheed Martin successfully flight tested the AGM-183A Air-Launched Rapid Response Weapon (ARRW) on the service's B-52 Strata fortress out of Edwards Air Force Base, Calif.

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Market Segmentation:

By Platform:
o Tanks
o Troop Carriers
o UGVs
o Amphibious Vehicles
o Others

By System:
o Communication & Navigation
o Weapon
o Power
o Other Systems

By Fit:
o Line-Fit
o Retrofit

By Region:

North America
o By Country (US, Canada, Mexico)
o By Platform
o By System
o By Fit

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Platform
o By System
o By Fit

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Platform
o By System
o By Fit

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Platform
o By System
o By Fit

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Platform
o By System
o By Fit

Rest of the World
o By Region (South America, Africa)
o By Platform
o By System
o By Fit

Reasons To Buy This Report:

o Market size estimation of the global military vetronics market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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