Global Military Vetronics Market 2017-2021

Overview of the global military vetronics market

A wide range of electronics and electrical components incorporated in military vetronics systems consume a lot of power. Also, electronic equipment in military vehicles is powered by dedicated batteries only when required because they are expensive and limited in terms of power-to-weight ratio and power. The rising need for multiple in-vehicle equipment compels manufacturers to develop battery technologies with advanced energy density and high voltage capacity. This enables them to develop central vetronics systems that can connect to all the electronic sensors and equipment on board. Advanced battery technology such as SafeCore technology offers endurance to batteries in harsh conditions. Research analysis on the military vetronics market identifies that this development of advanced battery technologies supporting the evolution of advanced military vetronics will be one of the major factors that will have a positive impact on the market's growth. Our market research analysts predict that this global market will register a revenue of more than USD 4 billion by 2021.

Manufacturers are introducing laser technology for weapons as a new alternative. This involves the development of military vehicles to accommodate the next-generation laser weapon system. The development of next-generation military vehicles will subsequently demand the need for the development of advanced vetronics, which according to our analysts will be one of the key trends that will drive the growth prospects for the military vetronics market.

Competitive landscape and key vendors

The military vetronics market is highly fragmented with the presence of vendors who offer a wide range of diverse electronics and computer systems. Military vetronics suppliers are compelled to design products that are compatible and customizable across a wide range of military ground platforms. These manufacturers are competing against each other by maintaining compatibility across platforms from different defense vehicle manufacturers while integrating the latest components into their vetronics systems. Military vetronics vendors in the vetronics vehicle electronic systems market face challenges such as designing and developing products with minimal SWaP-C requirements and are also adopting strategic mergers and acquisitions to enhance their customer base.

Key vendors in this market are -

• Curtiss-Wright
• Elbit Systems
• General Dynamics
• Saab
• Thales

Other prominent vendors in the market include Harris, Moog, Rheinmetall, and TE Connectivity.

Segmentation by platform type and analysis of the military vetronics market

• Tank and fighting vehicle
• Armored personnel carrier (APC)
• Unmanned ground vehicle (UGV)

The tank and fighting vehicle segment contributed to the maximum shares during 2016 because these vehicles are highly crucial to provide enhanced combat support on the battlefield. Germany's Krauss-Maffei Wegmann contracted with Saab in 2016 to develop new vetronics systems for the Swedish military's Leopard 2 tanks. This segment will continue to grow during the estimated period because defense agencies are trying to maintain superiority on the battlefield by upgrading their military combat vehicles such as tank and military fighting vehicle with modern vetronics systems.

Segmentation by geography and analysis of the military vetronics market

• Americas
• APAC
• EMEA

EMEA is witnessing growth of the military vetronics market because the region prioritizes the implementation of advanced vetronics systems even in multinational military modernization. The region is focusing on increasing the situational awareness and operational efficiency during a mission by integrating vetronics systems into various mission networks. This in turn, will drive the growth of the vetronics vehicle electronic systems market in the region during the next four years.

Key questions answered in the report include

• What will the military vetronics market size and growth rate be in 2021?
• What are the key factors driving the global military vetronics market?
• What are the key market trends impacting the growth of the global military vetronics market?
• What are the challenges to market growth?
• Who are the key vendors in the global military vetronics market?
• What are the market opportunities and threats faced by the vendors in the global military vetronics market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global military vetronics market?

Technavio also offers customization on reports based on specific client requirement.

The upcoming market research report on the global military vetronics market is an integral part of the aerospace and defense portfolio. Our reports for the aerospace and defense industry follow a meticulous data collection methodology to offer an analysis of fast growing sub-segments like defense. The report covers the market for vehicle electronics for the military and law enforcement sector. Moreover, the report also highlights various factors contributing to the growth of the market, upcoming trends, and challenges.

Our market research analysts at Technavio offer an all-inclusive picture of the global military vetronics market for the estimated period of 2017-2021. Our market research analysis includes primary and secondary research methodologies like vendor briefings, interviews with industry experts, proprietary and database references, and industry journals and publications. The market experts at Technavio take into account the market size, market forecast, and increasing demand for various military vetronics.

The upcoming industry research report covers the important vendors like Curtiss-Wright, Kongsberg Gruppen, Rheinmetall, TE Connectivity, Thales, ?Elbit Systems, ?Exelis, General Dynamics Mission Systems, and Moog. This report also present insights on the latest trends, drivers, and challenges influencing the military vetronics market. Furthermore, to offer clients the scope to identify potential market opportunities, expand in niche markets, and mitigate risks and challenges like laser based vetronics and minimization of SWAP-C, this report on the military vetronics also covers geographies like the Americas, APAC, and EMEA.

Inclination towards network-centric warfare is likely to contribute to the military vetronics market's growth over the coming years. This forthcoming market research report for military vetronics also categorizes the drivers, trends, and the constraints that the defense sector experiences currently. It also presents insights into the rapidly changing competitive scenario to provide clients a realistic picture of the forthcoming events with the aerospace and defense industry. Technavio also provides deep-dive market insights into the sector such as aerospace components.

Our market research methodology for the global military vetronics market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.