Global Military Vetronics Market Analysis 2021 Global Military Vetronics Market Analysis 2021
Global Military Vetronics Market Analysis Outlining
Various Segments and Sub-Segments, Industry Key
Players and Opportunities to 2021
The Global Military Vetronics Market is expected to grow at a CAGR of around 7% during 2016-2021.
The key factors driving the growth are modernization of military ground vehicles, low cost per mile
military ground vehicle to reduce ownership cost, reduction of weight, size, and power consumption
(SWaP) of electronics in military vehicles to expand internal space for accommodation and ammunition
reserves.
As per the MRFR analysis, cooling technologies within military land vehicles, challenges with SBC
computing capability, and limited on-vehicle network scope are the key factors restraining the market
growth.
C3 systems demand is highest in North America and Europe, owing to growth in demand for military
land vehicles systems with next generation vetronics systems. Also in APAC, rise in demand of
technologically advanced military land vehicles and rise in defense spending in India and China is one of
the major factors driving the market.
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Key Players
Some of the key players in the Global Military Vetronics Market are:
Curtiss-Wright Corporation
Oshkosh Corporation
Ultra Electronics Ltd.
TE Connectivity, SAAB A.B.
Kongsberg Gruppen ASA
General Electric Company
BAE Systems plc
Rheinmetall Defence
Moog, Inc.
Lockheed Martin Corporation
Elbit Systems Ltd., Thales Group
The Raytheon Company
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