Press release
Vetronics Market Will Generate Record Revenue by 2029
Moreover, the modernization is directly proportional to the public and private investment. For instance, modernization is the fourth pillar of the US military which includes infrastructure and technology in the force structure, readiness, and sustainability. Additionally, emerging economies such as China, Israel, and India are moving rapidly towards the modernization of defense forces and vehicles to maintain the competitiveness of the armed forces. This, in turn, increased the need for military vehicles that are mounted with significantly optimized electronic command and information systems. This leads to the adoption of vetronics systems that supports to optimize computing resources and platform electronics, enabling the integration into the vehicles, and improving the supportability and logistics in operating conditions. The technology assists in both mission independent and mission-specific strategies.
Vetronics supports the military ground forces by enhancing the intelligence, surveillance, and reconnaissance (ISR) capabilities, which thereby offers increased situational awareness and survivability. Sensors gather mission-critical information to leverage mission effectiveness, warfighter, safety, and ISR, as well as supports in a network-centric battlefield. The vetronics integrators and ground military vehicle manufacturers are focusing on Commercial Off-the-Shelf (COTS) smart displays for vehicle retrofits. As the military modernization programs are ramping up, the demand for vetronics systems is expected to emerge continuously in the future. The US Army has some upgrade programs in the initial stage which aims to upgrade C4ISR equipment and systems on MRAP vehicles, modernize Bradley Fighting Vehicles, and convert M1A1 and M1A2 SEPV1 Abram tanks to the M1A2 SEP V2 configuration. These kinds of modernization programs will offer a significant opportunity for the global vetronics market.
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Vetronics Market- Segmentation
By Subsystem Type
Navigation System
C3 Systems
Sensors (EO and IR)
Vehicle Electronic Warfare System
Others
By Application
Defense
Homeland Security
By Vehicle Type
Amphibious Armored Vehicles
Main Battle Tank
Light Protected Vehicles
Others
A full Report of Global Vetronics Market is Available at: https://www.omrglobal.com/industry-reports/vetronics-market
Vetronics Market- Segment by Region
North America
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
BAE Systems plc
Cubic Corp.
Curtiss-Wright Corp.
ECRIN Systems
Elbit Systems Ltd.
GACI Rugged Systems
General Dynamics Corp.
Kratos Defense & Security Solutions, Inc.
L3 Technologies, Inc.
Leonardo S.p.A.
Lockheed Martin Corp.
Northrop Grumman Corp.
Pleora Technologies Inc.
Rafael Advanced Defese Systems Ltd.
Raytheon Technologies Corp.
Rheinmetall AG
Saab AB
Serco, Inc.
Thales Group
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/vetronics-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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