Military Vetronics Market is Expected to Grow at a CAGR of 7% by 2021

Pune, India, 2017-Jun-30 — /EPR Network/ — Market Synopsis of Global Military Vetronics Market: 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 of Military Vetronics Market:

  • 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 and General Dynamics Corporation.

Regional and Country Analysis of Global Military Vetronics Market:

As per the MRFR analysis, the EMEA region will continue its dominance in the forecast period. Whereas, APAC, and Americas will is expected to grow at CAGR of around 11% and 5% during the forecast period.

Target Audience:

  • Military Vetronics OEMs
  • Systems Suppliers
  • Component Suppliers
  • Aftermarket suppliers /MROs
  • Research Institute / Education Institute
  • Potential Investors
  • Key executive (CEO and COO) and strategy growth manager

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