Advancement in Battlefield Technology to Drive Vetronics Market Growth

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Advancement in Battlefield Technology to Drive
Vetronics Market Growth Triton Market Research
presents the Global Vetronics Market report
sectioned by Land- based Fleet Type (Tanks,
Armored Vehicles, Artillery, Rocket Projectors),
Component (Electronic Warfare C4 Systems,
Navigation Systems, Power Systems, Vehicle
Protection Systems), Vertical (Defense, Homeland
Security), and Regional Outlook (Europe, Middle
East and Africa, Latin America, North America,
Asia-Pacific). The report further discusses the
Market Summary, Industry Outlook, Impact of
COVID-19, Key Insights, Porters Five Forces
Analysis, Market Attractiveness Index, Vendor
Scorecard, Industry Components, Key Market
Strategies, Drivers, Challenges, Opportunities,
Competitive Landscape, Research Methodology
Scope, Global Market Size, Forecasts Analysis
(2022-2028). The report by Triton suggests that
the global vetronics market is estimated to
witness a growth at a CAGR of 5.62 during the
forecast period 2022-2028.
Request Free sample report https//www.tritonmark
etresearch.com/reports/vetronics-marketrequest-fr
ee-sample Due to battlefield demands and
operational circumstances, advanced sensor
technologies, more powerful processing, increased
connectivity, and system interoperability
(VICTORY) have become imperative. Integrating
these advanced sensors places a high demand on
the bandwidth and power of vehicle infrastructure.
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The dispersed and asymmetrical nature of the
terrain creates a greater need for versatile,
effective, and resilient combat skills.
Coordinated warfare, which includes manned and
unmanned vehicles, ground forces, and others,
communicates combat intelligence in real time via
integrated land-air-sea intelligence. This is
what distinguishes todays organized battlefield
from those fought decades ago. Integrated,
coordinated warfare improves force efficiency
significantly by rapidly utilizing all-source
data. They further provide precise data to field
commanders, sharing situational images,
coordinating day/night operations in all weather
conditions, and preventing fire-friendly
fatalities. Thus, advancements in battlefield
technology are expected to drive the growth of
the vetronics market. However, the cut-offs in
the defense budget, the rising cost of raw
materials, and usability regulations are expected
to hamper the growth of the vetronics
market. North America is expected to be the
fastest-growing region in the vetronics market.
The regions growth is due to market players such
as General Dynamics, Raytheon Technologies,
L3Harris Technologies, Lockheed Martin, etc.
These companies are working with the US Army on
several other land-based platform projects to
modernize their fleet, which is expected to boost
the vetronics markets growth in the region. The
prominent companies in the vetronics market
include Leonardo S.p.A, Thales Group,
Curtiss-Wright, Lockheed Martin Corporation,
Raytheon Technologies, Rheinmetall AG, General
Dynamics Corporation, Saab AB, L3Harris
Technologies, and BAE Systems. Although the
market for vehicle electronics is starting to
expand, there is fierce competition among the
players. However, the major market participants
have decades of combined expertise and have been
active in the market for several decades. When it
comes to contract orders, the industry is
constrained by competition, most of which are
comparable in size. Despite the small number of
contracts, each one has a significant value. Some
primary variables contributing to this rivalry
include the functionality of the components,
timely servicing, and affordability. Contact Us
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