Military Vetronics Market Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions 2028 | Lockheed Martin Corporation, Leonardo-Finmeccanica S.p.a., Saab Group, Thales S.A., General Dynamics Corporation

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.

Vetronics involve the electronic components of vehicles primarily driven by defense organizations. These include various systems such as navigation systems, display systems, C3 systems, weapons control systems, vehicle protection systems, power systems, among others, used to enhance military vehicles ‘ fighting capacity and situational awareness. In addition, these systems are essential for enhancing land vehicle efficiency and their position in integrated channel-centered warfare activities.

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The study provides a decisive view of the military vetronics market by segmenting the market based on product, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2028. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

This comprehensive market analysis explores market growth potential for military vetronics market that can help stakeholders understand key developments and expectations in the market for military vetronics market defining opportunities for growth and competitive scenarios. The study also draws on data from multiple primary and secondary sources and will be analyzed using different methods. It helps gain insight into the growth potential of the market which can enable investors to recognize scope and opportunities. The analysis also gives details of the individual segments in the global military vetronics market.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
1. Lockheed Martin Corporation
2. Leonardo-Finmeccanica S.p.a.
3. Saab Group
4. Thales S.A.
5. General Dynamics Corporation
6. Harris Corporation
7. Curtiss-Wright Corporation
8. BAE Systems PLC
9. Raytheon Company
10. Rheinmetall AG

Key Factors Impacting Market Growth:
• Easy availability of cost-effective components
• Increased demand for enhanced vetronics in the Aerospace sector.
• The emergence of wireless communication technology
• Border insecurity and competition
• High spending in defense activities

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It is projected 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. Rise in developing countries ' defense budget is one of the critical factors driving this region's vetronics market.

Key Developments:
• In 2016, Lockheed Martin completed the acquisition of Sikorsky Aircraft, replacing United Technologies as the American helicopter maker’s parent company.
• 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.
• 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.

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

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Market Segmentation:
By Platform:
• Tanks
• Troop Carriers
• UGVs
• Amphibious Vehicles
• Others

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

By Fit:
• Line-Fit
• 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

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