According to the research report titled ‘Military Vetronics Market Size By System, By Platform,, By Fit Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026‘, available with Market Study Report, global military vetronics market is poised to experience tremendous growth during 2020-2026.
 

Growing demand for advanced vetronics systems and technological developments are the major factors propelling the growth of global military vetronics market. Notably, vetronics refers to the electronic systems on a vehicle which control functions such as navigation, weapons, and communication.
 

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With respect to the system, global military vetronics market is segmented into command, control and communication (C3) system, weapon control system, power system, navigation system, vehicle protection system, and others. Among these, weapon control system segment is expected to experience tremendous rise in the coming years, owing to widespread integration of advanced weapon systems in military vehicles to enhance the operational capabilities in battlefield.
 

The other systems include sensors and display. Among these, sensors segment is estimated to grow decently over the analysis timeframe, owing to technological developments which improve the operational range.
 

With regards to platform, the market is classified into main battle tank, unmanned armored ground vehicle, mine-resistant ambush protection (MRAP) vehicles, light armored vehicle, amphibious vehicle, infantry fighting vehicle (IFV), and others.
 

Among these, light armored vehicle segment is reckoned to gain substantial traction, due to its ease of operations and low maintenance. Light armored vehicles prevalently works as mobile platforms for infantry, marines, and paratroopers. Meanwhile, MRAP vehicles segment is slated to record modest growth in the coming years, owing to their ability to eliminate land mines. The infantry fighting vehicle segment is poised to witness escalated demand as they are used to transport infantry in active battle zone and for performing as combat vehicles.
 

The report cites that unmanned armored ground vehicles segment is estimated to grow momentously through 2026, owing to integration of advanced sensor and communication systems in these vehicles. Meanwhile, amphibious vehicle segment is poised to expand vastly as it can carry out operations in hostile environment on land and water.
 

From a regional frame of reference, Latin America military vetronics market is predicted to register robust CAGR during 2020-2026, due to easy accessibility of advanced technologies. Parallelly, Middle East & Africa market is likely to showcase strong expansion trends over the ensuing years, owing to increasing geopolitical disputes with respect to crude oil mining in the region.
 

Key players operating in global military vetronics market are Leonardo S.p.A, Curtiss-Wright Corporation, L3Harris, General Dynamics Corporation, Lockheed Martin Corporation, BAE Systems plc, Thales Group, Saab Group, QinetiQ, Indra Sistemas S.A., Hanwha Group, Elbit Systems Ltd., Almaz-Antey, Rheinmetall AG, and Raytheon Company.