Military Vetronics Market – Market Overview
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.
Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1429
Over the last decade, there has been an increasing need to rapidly modernize the military systems. It includes the need to upgrade and equip the military land vehicles with optimized military equipment and vetronics. Traditionally, ‘bolt-on’ systems were largely used for such requirements. It however leads to added weight, reduced flexibility of the system, and power and cooling issues in the vehicles.
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.
Industry/ Innovation/ Related News:
February, 2018 – America’s armed forces joined hand with Rheinmetall Defence for US $3 million contract agreement.
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.
July, 2016 – Oshkosh Corporation chosen Telephonics NetCom vetronics communications system for the Joint Light Tactical Vehicle (JLTV) program.
March, 2015 – General Electric, provided rugged embedded computing systems for British Army Scout armoured vehicle vetronics.
Military Vetronics Market – Competitive Analysis
The leading market players in the global military vetronics market primarily include : 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, Raytheon, and General Dynamics Corporation.
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.
Early Diners Are Offered Free Customization- Up to 20% @ https://www.marketresearchfuture.com/check-discount/1429
Military Vetronics Market – Segments
For the convenience of the report and enhanced understanding; the military vetronics market is segmented in to three key dynamics
Segmentation by Vehicle Type: Light Protected Vehicles, Unmanned Ground Vehicles, Armored Amphibious Vehicles, and Special Purpose Vehicles.
Segmentation by System: (Communication, Navigation, C3 Systems, and Power Systems).
Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.
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.
Many of the major military forces such as the US and the European countries already have a large number of military land vehicles. It is extremely expensive to completely replace the ageing fleet of such vehicles. One of the most efficient ways to maintain the operability of such military land vehicles without compromising on capability or functionality is to upgrade the existing fleet of military land vehicles with modern vetronics systems. Vetronics is the core to any military land vehicle, as in the present day of modern warfare, most of the systems are technology based.
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.
Press Release By MRFR Available @ https://www.marketresearchfuture.com/press-release/global-military-vetronics-market
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 Components, Application, Logistics 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.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar