June 03, 2020
According to the research report titled ‘Military Vetronics Market Size By System, By Platform Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026‘, available with Market Study Report LLC, military vetronics market is likely to witness significant growth through 2026.
Pertaining to the increase in demand of improved vetronics systems and technological advancements, the military vetronics market is expected to register decent traction in the coming years. The vetronics system controls navigation, weapons, and communication on a vehicle. With the advancement in technology and changing trends, the separate systems are interlinked together by the designers, resulting in a single network of vetronics system which enables data sharing among the commanders and soldiers.
The division of military vetronics market is done based on regional hierarchy, platform, system, and fit. Based on the system, the market is categorized into weapon control (C3) system; control, command and communication; power system; navigation system and others. The military vehicles are required to be efficient, therefore advanced sensors are integrated in these vehicles for higher operational capabilities. This contributes to the growth of weapon control system market segment.
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The others subsegment includes display and sensors system. The technological enhancements in sensors, which aid in amplifying their operational range, are projected to positively impact the industry size.
The different platforms the market is segmented into is infantry fighting vehicles (IFVs), unmanned armored ground vehicles, mine-resistant ambush protected (MRAP) Vehicles, main battle tank, light armored vehicle, amphibious vehicle, others.
For marines, infantry, and paratroopers, light armored vehicles are the primary platform which assist in their functioning, the ease of operation and low maintenance facilitates the segmental growth. Factors such as transportation of infantry in active battle zones and use as combat vehicles have positively impacted the demand for infantry fighting vehicles.
The leading organizations operating in military vetronics market are BAE Systems PLC, Raytheon Company, Elbit Systems, QuinteQ, Elbit Systems, Saab Group, Thales Group, and Rheinmetall AG among the others.