Military Vetronics Market Driven By Demand Surge to Grow Exceptionally
Military Vetronics Market by Vehicle Type (Light Protected Vehicles, Unmanned Ground Vehicles, Armored Amphibious Vehicles, and Special Purpose Vehicles), by System (Communication, Navigation, C3 Systems, and Power Systems) and by Region - Forecast To 202
(EMAILWIRE.COM, January 24, 2018 ) Market Highlights
Vetronics (vehicle electronics) are used in military land vehicles to enable navigation, observation, and communication. They can help in the exchange of inter-vehicular or intra-vehicular information. These systems increase warfare capabilities by facilitating the military in their intelligence, surveillance, and reconnaissance missions.
The global military vetronics market is expected to grow steadily in the next few years. This growth is driven by the rising demand for advanced vetronics systems enabling enhanced performance, military modernization programs, and changing nature of warfare (technology-centric warfare) among others. Demand from major markets such as Europe and the US, along with the rising demand from emerging nations in the APAC is also expected to be a major factor for the market growth.
The global military vetronics market is expected to grow steadily in the next few years. This growth is driven by the rising demand for advanced vetronics systems enabling enhanced performance, military modernization programs, and changing nature of warfare (technology-centric warfare) among others. Demand from major markets such as Europe and the US, along with the rising demand from emerging nations in the APAC is also expected to be a major factor for the market growth.
To overcome such possible issues, modular approach are largely being implemented. Modular vetronics approach is based on a layered architecture that enables ease for scaling and implementing configuration changes. This approach emphasizes on standard component design while also providing a significant reduction in the cost of making changes in future requirements. Vehicles with modular system approach thus offer more benefit than the conventional vehicles. Because of the similarity in various components, it is easily available during the need for maintenance, which further reduces the life cycle cost, and also enables a lean supply chain.
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Market Key Players
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
General Dynamics Corporation
Industry/ Innovation/ Related News:
February, 2017:- General Dynamics Land Systems signed a contract worth USD 308 million with the Government of Canada, to upgrade 141 Light Armored Vehicles that would improve the vehicles' performance and survivability while reducing their long-term maintenance costs.
February, 2017:- BAE Systems signed a contract worth USD 28.2 million with the U.S. Army, to provide them with 11 M88A2 Heavy Equipment Recovery Combat Utility Lift Evacuation System (HERCULES) vehicles and related vetronics.
Military Vetronics Market – Competitive Analysis
Western vendors mainly dominate the initiatives for OSA, which has become an integral aspect of vetronics. The British Generic Vehicle Architecture and American VICTORY system is paving the path to ongoing and future OSA adoption.
The military vetronics market is highly competitive and vendors compete on the basis of cost, product quality, reliability, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality vetronics systems.
As quality, reduced SWaP and 'cost per mile' is getting more importance, offering a cost efficient solution is crucial and will be a major challenge for the vendors. While government and military authorities place strong emphasis on reducing system acquisition and operation costs, COTS is one of the ways to realize cost savings. It could also encourage and pave a way for commercial component and system suppliers to enter the market and offer military solutions. It would further increase the competition in the market.
Curtiss-Wright is one of the major vendors in the market. It provides a comprehensive range of embedded solutions, ranging from processing, subsystems, and data communication, to the most advanced fully integrated custom systems.
Browse Report Details @ https://www.marketresearchfuture.com/reports/military-vetronics-market
Regional Analysis
The traditional markets in the US and Europe have been extensively spending for military modernization along with the upgrades of existing military land vehicle fleets. It helps to maintain the operability of the existing land vehicles rather than replacing the entire fleet of ageing vehicles. Meanwhile, the emerging nations are also buying new land vehicles as the additional strength to their respective military forces. Emerging nations such as China, and India, have a large number of military troops, and land military is one of the major force for border defense in both the countries. In the present scenario of increased security concerns, these nations have increased their respective defense budgets, and also for purchase and upgrade of military land vehicles and vetronics.
Thus, many countries around the world are modernizing their existing military ground vehicles via vetronics upgrade, which adds capability and functionality to the existing platform. It maintains the operability of the systems and meet immediate defense needs.
For example, the US Army has upgrade programs to modernize Bradley Fighting Vehicles, convert M1A1 and M1A2 SEPV1 Abram tanks to the M1A2 SEP V2 configuration, and upgrade C4ISR equipment and systems on MRAP vehicles.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Vetronics (vehicle electronics) are used in military land vehicles to enable navigation, observation, and communication. They can help in the exchange of inter-vehicular or intra-vehicular information. These systems increase warfare capabilities by facilitating the military in their intelligence, surveillance, and reconnaissance missions.
The global military vetronics market is expected to grow steadily in the next few years. This growth is driven by the rising demand for advanced vetronics systems enabling enhanced performance, military modernization programs, and changing nature of warfare (technology-centric warfare) among others. Demand from major markets such as Europe and the US, along with the rising demand from emerging nations in the APAC is also expected to be a major factor for the market growth.
The global military vetronics market is expected to grow steadily in the next few years. This growth is driven by the rising demand for advanced vetronics systems enabling enhanced performance, military modernization programs, and changing nature of warfare (technology-centric warfare) among others. Demand from major markets such as Europe and the US, along with the rising demand from emerging nations in the APAC is also expected to be a major factor for the market growth.
To overcome such possible issues, modular approach are largely being implemented. Modular vetronics approach is based on a layered architecture that enables ease for scaling and implementing configuration changes. This approach emphasizes on standard component design while also providing a significant reduction in the cost of making changes in future requirements. Vehicles with modular system approach thus offer more benefit than the conventional vehicles. Because of the similarity in various components, it is easily available during the need for maintenance, which further reduces the life cycle cost, and also enables a lean supply chain.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1429
Market Key Players
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
General Dynamics Corporation
Industry/ Innovation/ Related News:
February, 2017:- General Dynamics Land Systems signed a contract worth USD 308 million with the Government of Canada, to upgrade 141 Light Armored Vehicles that would improve the vehicles' performance and survivability while reducing their long-term maintenance costs.
February, 2017:- BAE Systems signed a contract worth USD 28.2 million with the U.S. Army, to provide them with 11 M88A2 Heavy Equipment Recovery Combat Utility Lift Evacuation System (HERCULES) vehicles and related vetronics.
Military Vetronics Market – Competitive Analysis
Western vendors mainly dominate the initiatives for OSA, which has become an integral aspect of vetronics. The British Generic Vehicle Architecture and American VICTORY system is paving the path to ongoing and future OSA adoption.
The military vetronics market is highly competitive and vendors compete on the basis of cost, product quality, reliability, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality vetronics systems.
As quality, reduced SWaP and 'cost per mile' is getting more importance, offering a cost efficient solution is crucial and will be a major challenge for the vendors. While government and military authorities place strong emphasis on reducing system acquisition and operation costs, COTS is one of the ways to realize cost savings. It could also encourage and pave a way for commercial component and system suppliers to enter the market and offer military solutions. It would further increase the competition in the market.
Curtiss-Wright is one of the major vendors in the market. It provides a comprehensive range of embedded solutions, ranging from processing, subsystems, and data communication, to the most advanced fully integrated custom systems.
Browse Report Details @ https://www.marketresearchfuture.com/reports/military-vetronics-market
Regional Analysis
The traditional markets in the US and Europe have been extensively spending for military modernization along with the upgrades of existing military land vehicle fleets. It helps to maintain the operability of the existing land vehicles rather than replacing the entire fleet of ageing vehicles. Meanwhile, the emerging nations are also buying new land vehicles as the additional strength to their respective military forces. Emerging nations such as China, and India, have a large number of military troops, and land military is one of the major force for border defense in both the countries. In the present scenario of increased security concerns, these nations have increased their respective defense budgets, and also for purchase and upgrade of military land vehicles and vetronics.
Thus, many countries around the world are modernizing their existing military ground vehicles via vetronics upgrade, which adds capability and functionality to the existing platform. It maintains the operability of the systems and meet immediate defense needs.
For example, the US Army has upgrade programs to modernize Bradley Fighting Vehicles, convert M1A1 and M1A2 SEPV1 Abram tanks to the M1A2 SEP V2 configuration, and upgrade C4ISR equipment and systems on MRAP vehicles.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Contact Information:
Marketresearchfuture
Market Research Future
Tel: +1 (646) 845 9349
Email us
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Marketresearchfuture
Market Research Future
Tel: +1 (646) 845 9349
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results