Military Vetronics Market 2020-2026; Growth Forecast & Industry Share Report - PowerPoint PPT Presentation

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Military Vetronics Market 2020-2026; Growth Forecast & Industry Share Report

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The military vetronics market is poised to amass lucrative gains on account of shifting focus towards electronic warfare. Military budgets are gradually prioritizing on electronic warfare devices owing to increasing requirement for integrating, analyzing and acquiring data during field operations. – PowerPoint PPT presentation

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Title: Military Vetronics Market 2020-2026; Growth Forecast & Industry Share Report


1
Military Vetronics Market Share, Trend Growth
Forecast to 2026
2
Key Insights Military Vetronics Market
  • The military vetronics market is poised to amass
    lucrative gains on account of shifting focus
    towards electronic warfare. Military budgets are
    gradually prioritizing on electronic warfare
    devices owing to increasing requirement for
    integrating, analyzing and acquiring data during
    field operations.
  • According to a report, in 2019, countries like
    Russia, the U.S., Saudi Arabia, France, and China
    had accounted for more than 50 in global defense
    spending. Estimates predict that the Command,
    Control Communication (C3) platforms could
    observe dominance from developed nations such as
    Russia and the U.S.

3
Continued
  • Out of these, the power system segment is
    expected to record sizeable growth rate,
    recording over 5 CAGR by 2026. This growth can
    be contributed to robust advancements in new
    battery systems designed especially for ground
    defense vehicles, enabling them to effectively
    run on a single energy source for extended
    durations.
  • On the regional landscape, North America is
    considered to be a promising sector for military
    vetronics manufacturers, registering a growth
    rate of more than 4 by 2026. The region has a
    rich presence of prominent industry players like
    Lockheed Martin, L3Harris, Rheinmetall and
    General Dynamic that are heavily investing in the
    field of C4ISR, power systems and other linked
    technologies, thereby enhancing business
    competitiveness across North America.

4

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5
Major Companies Military Vetronics Market
  • Almaz-Antey
  • BAE Systems PLC
  • Curtiss-Wright Corporation
  • Elbit Systems
  • General Dynamics Corporation

6
Regional Military Vetronics Market
  • Meanwhile, authorities in North America are
    undertaking various initiatives to upgrade their
    aging vetronics systems. Taking 2018 for
    instance, the U.S. Department of Defense (DoD)
    assigned almost USD 4.5 billion for combat
    vehicle research and procurement. Evidently, this
    is 18.6 more than 2017s allocation and includes
    activities like modernization and acquisition of
    combat vehicles, military vehicles, and
    vetronics.

7
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