Military Vetronics Market Top Key Players - Northrop Grumman Corporation, Leonardo-Finmeccanica S.p.a., Saab Group, Thales Group, General Dynamics, Harris Corporation, Curtiss-Wright Corporation, BAE SYSTEMS, Raytheon, RHEINMETALL AG

Military Vetronics Market refers to an in-vehicle electronic system anchored to a special purpose vehicle used by defense organizations for security purposes. As the name suggests, the Military Vetronics Market is a special electronic system used in military vehicles.

The Armed Forces are using the Vetronics as an essential and efficient technology for purposes of warfare, national security and weapons. Displays, GPS, advanced weapon control systems, data security systems, and power systems are a variety of vetronics systems widely used in defense and military applications.

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It supports the growth of the segment by integrating various military vehicles, including amphibious vehicles, unmanned ground vehicles, infantry fighting vehicles, and anti-mine ambush protection vehicles, into the military. These vehicles require a precise navigation system, which allows the Army to carry out operations accurately.

FACTORS CONTRIBUTING THE GROWTH OF MILITARY VETRONICS MARKET

• Cost-effective component availability

• Rapid growth of the automotive industry

• The emergence of wireless communication technology

• Border security and competition

COVID IMPACT ON GLOBAL MILITARY VETRONICS MARKET

• The pandemic has considerably affected the production and delivery of military products, which, in turn, will diminish the growth of the market. Stringent government norms have disrupted the import and export of goods, resulting in delayed deliveries. The halt on operations has critically thwarted the production in manufacturing processes.

• Prominent companies situated in the U.S., the U.K., Germany, and France have experienced enormous loss due to the outbreak. However, companies are implementing strategies to recover the financial damage caused by the coronavirus, which, in turn, can improve the market scenario.

MILITARY VETRONICS MARKET SEGMENTATION

By Application
• Defense
• Homeland Security

By Vehicle Type
• Main Battle Tanks
• Light Protected Vehicles
• Amphibious Armoured Vehicles
• Mine Resistant Ambush Protected (MRAP) Vehicles
• Infantry Fighting Vehicles
• Armored Personnel Carriers
• Others

By Subsystem
• Navigation Systems
• Observation and Display Systems
• C3 Systems
• Weapon Control Systems
• Sensor and Control Systems
• Vehicle Protection Systems
• Power Systems
• Others

By Fit
• Line-Fit
• Retrofit

By Region
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

COMPETITIVE LANDSCAPE

• Major players in the industry include BAE Systems PLC, CurtissWright Corporation, General Dynamics Corporation, Harris Corporation, LeonardoFinmeccanica SPA, Lockheed Martin Corporation, Raytheon Company, Rheinmetall AG, Saab Group, Thales Group and more.

• Different strategies to increase global market share and increase penetration of products. Recently, players in the market are adopting various strategies such as R&D and innovation, product launch, partnership, cooperation, joint venture expansion, component, etc. as the main growth strategies to maintain fierce competition in the market.

KEY PLAYERS
• Northrop Grumman Corporation
• Leonardo-Finmeccanica S.p.a.
• Saab Group
• Thales Group
• General Dynamics
• Harris Corporation
• Curtiss-Wright Corporation
• BAE SYSTEMS
• Raytheon
• RHEINMETALL AG

Read More Information: https://mobilityforesights.com/product/military-vetronics-market/

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