Military Vetronics Market to witness substantial growth over 2020-2026
Category: #business  By Partha Ray  Date: 2020-06-03
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Military Vetronics Market to witness substantial growth over 2020-2026

According to the research report titled ‘Military Vetronics Market Size By System (Command, Control & Communications (C3) System, Navigation System, Weapon Control System, Power System, Vehicle Protection System), By Platform (Light Armored Vehicle, Main Battle Tank, Mine-resistant Ambush Protection (MRAP) Vehicle, Infantry Fighting Vehicle (IFV), Unmanned Armored Ground Vehicle, Amphibious Vehicle), By Fit (Line Fit, Retro Fit) Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026‘, available with Market Study Report LLC, military vetronics market is likely to witness significant growth through 2026.

Pertaining to the increase in demand of improved vetronics systems and technological advancements, the military vetronics market is expected to register decent traction in the coming years. The vetronics system controls navigation, weapons, and communication on a vehicle. With the advancement in technology and changing trends, the separate systems are interlinked together by the designers, resulting in a single network of vetronics system which enables data sharing among the commanders and soldiers.

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The division of military vetronics market is done based on regional hierarchy, platform, system, and fit. Based on the system, the market is categorized into weapon control (C3) system; control, command and communication; power system; navigation system and others. The military vehicles are required to be efficient, therefore advanced sensors are integrated in these vehicles for higher operational capabilities. This contributes to the growth of weapon control system market segment.

The others subsegment includes display and sensors system. The technological enhancements in sensors, which aid in amplifying their operational range, are projected to positively impact the industry size.

The different platforms the market is segmented into is infantry fighting vehicles (IFVs), unmanned armored ground vehicles, mine-resistant ambush protected (MRAP) Vehicles, main battle tank, light armored vehicle, amphibious vehicle, others.

For marines, infantry, and paratroopers, light armored vehicles are the primary platform which assist in their functioning, the ease of operation and low maintenance facilitates the segmental growth. Factors such as transportation of infantry in active battle zones and use as combat vehicles have positively impacted the demand for infantry fighting vehicles.

The leading organizations operating in military vetronics market are BAE Systems PLC, Raytheon Company, Elbit Systems, QuinteQ, Elbit Systems, Saab Group, Thales Group, and Rheinmetall AG among the others.

 

Question & Answers: Military Vetronics Market

Q1) What are the key factors contributing to the military vetronics market growth?

Answer: The increase in demand of enhanced vetronics system in military vehicles, the technological advancement in C3 systems and sensors are the factors that contribute to the demand of military vetronics systems across the globe.

Q2) What is driving the demand for light armored vehicles?

Answer: For marines, infantry, and paratroopers, light armored vehicles are the primary platform which assist in their functioning, moreover, the ease of operation and low maintenance facilitates their adoption.

Q3) Which companies formulate the competitive landscape of military vetronics market?

Answer: BAE Systems PLC, Raytheon Company, Elbit Systems, QuinteQ, Elbit Systems, Saab Group, Thales Group, and Rheinmetall AG are some of the companies which are the key participants in military vetronics market.

Table of Content:

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definitions

1.1.6. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

1.2.2.1.      Paid sources

1.2.2.2.      Public sources

Chapter 2. Executive Summary

2.1. Military Vetronics industry 360 degree synopsis, 2015 - 2026

2.2. Business trends

2.3. Region trends

2.4. System trends

2.5. Platform trends

2.6. Fit trends

Chapter 3. Military Vetronics Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2015 - 2026

3.4. Impact of the Coronavirus (COVID-19) pandemic

3.5. Evolution of military vetronics

3.6. Industry ecosystem analysis

3.7. Technology & innovation landscape

3.8. Regulatory landscape

3.8.1. North America

3.8.2. Europe

3.8.3. APAC

3.8.4. LATAM

3.8.5. MEA

3.9. Industry impact forces

3.9.1. Growth drivers

3.9.1.1.      Rise in arms acquisition budget across the globe

3.9.1.2.      Technological developments in C3 systems

3.9.1.3.      Shift in trend towards embedded systems

3.9.1.4.      Requirement of vetronics systems with increased situational awareness

3.9.2. Industry pitfalls & challenges

3.9.2.1.      High intervention of government bodies limiting market scope

3.9.2.2.      Increasing threat of cyber attacks

3.10.     Growth potential analysis

3.11.          Porter's analysis

3.12.          PESTEL analysis

Chapter 4. Competitive Landscape, 2019

4.1. Introduction

4.2. Company market share, 2019

4.3. Competitive analysis of key market players, 2019

4.3.1. BAE Systems PLC.

4.3.2. Curtiss-Wright Corporation

4.3.3. General Dynamics Corporation

4.3.4. L3Harris

4.3.5. Leonardo-Finmeccanica S.P.A

4.3.6. Lockheed Martin Corporation

4.3.7. Raytheon Company

4.3.8. Rheinmetall AG

4.3.9. Saab Group

4.3.10.  Thales Group

Chapter 5. Military Vetronics Market, By System

5.1.  Key trends, by system

5.2.  Command, Control & Communication (C3) system

5.2.1. Market estimates and forecast, 2015 - 2026

5.3.  Navigation system

5.3.1. Market estimates and forecast, 2015 - 2026

5.4.  Weapon system

5.4.1. Market estimates and forecast, 2015 - 2026

5.5.  Power system

5.5.1. Market estimates and forecast, 2015 - 2026

5.6.  Vehicle protection system

5.6.1. Market estimates and forecast, 2015 - 2026

5.7.  Others

5.7.1. Market estimates and forecast, 2015 - 2026

Chapter 6. Military Vetronics Market, By Platform

Complete Report At: https://www.marketstudyreport.com/reports/military-vetronics-market

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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