Vetronics Market 2023- Market Size, Share, Growth, Trends, Key Players, Top Drivers And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Vetronics Market Size, Growth Rate, And Forecast
The global vetronics market is expected to decline from $3.52 billion in 2022 to $3.76 billion in 2023, at a compound annual growth rate (CAGR) of 6.83%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vetronics market is expected to reach $4.48 billion in 2027 at a compound annual growth rate (CAGR) of 4.48%.

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Vetronics Market Drivers
The increasing focus of military and defence services is driving the vetronics market. Terrorist activities, political upheaval around the world, and geopolitical tensions in countries have increased the focus on defence and military affairs, resulting in the procurement of next-generation combat vehicles. According to a defence correspondent's report, Rheinmetall's Military Vehicle Centre of Excellence (MILVEHCOE) in Queensland will build Australia's 186 Boxers.

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Vetronics Market Segments
1) By Vehicle Type: Main Battle Tank, Light Combat Vehicles, Armored Personnel Carriers, Infantry Fighting Vehicles; Other Vehicles

2) By System: Weapon And Control System, Command And Communication, Navigation And Display, Sensor And Optronics, Power System, Other Systems

3) By Platform: Homeland Security, Military

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the vetronics market.

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Vetronics Market Key Players
Major competitors in the vetronics market include Rheinmetall AG, Raytheon Technologies Corporation, L3 Harris Technologies, Inc., Lockheed Martin Corporation, Thales Group, Curtiss-Wright Corporation, Saab Ab, General Dynamics Corporation.

The Business Research Company's "Global Vetronics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Vetronics Market Include:
1. Executive Summary
2. Vetronics Market Characteristics
3. Vetronics Market Trends And Strategies
4. Vetronics Market - Macro Economic Scenario
5. Vetronics Market Size And Growth
.............
26. Africa Vetronics Market
27. Vetronics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vetronics Market
29. Vetronics Market Future Outlook and Potential Analysis
30. Appendix

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