Pune, India -- (SBWIRE) -- 06/28/2018 -- A new report presents a comprehensive assessment of the global Military Vetronics market. The report, titled "Military Vetronics Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 - 2026"takes the key trends and important market factors in consideration to carry out this research.

Military vetronics is a product with high technology specification used extensively in the military domain. In defense, the demand for unmanned vehicles and drones is growing at high pace globally. These unmanned vehicles and drones are equipped with sophisticated technologies for capturing images of foliage, sporting events, and cityscapes. Thus, accelerating the military vetronics market. The global military vetronics market was valued at US$ 3,871.92 Mn in 2017 and is expected to reach US$ 4,744.39 Mn by 2022. The growth of the market is witnessed due to rising government initiatives to conduct secret military operation owing to increasing war situation among the various countries is expected to increase the demand for vetronics in military in the coming years.

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With the expansion of trade opportunities and the modernization of military forces, the growth of the global military vetronics market is accelerating. The need for IoT and large data, the need for unmanned aerial vehicles and surveillance unmanned aerial vehicles also supports market growth with increased demand for counter IEDs and armored vehicles. However, declining defense budgets and demilitarization initiatives in developed countries can inhibit market growth. Furthermore, increased spending on military information technology and increased defense budgets by emerging economies will provide future growth opportunities.

Top Key Player Covered:
Curtiss Wright Corporation, Thales Group, SAAB A.B., BAE Systems PLC, Elbit Systems Ltd, General Electric Company, Lockheed Martin Corporation, The Raytheon Company and Kongsberg Gruppen ASA.

Military Vetronics Market - By Product:
Communication System, Navigation System, C4 System, Power System, Display System, Control and Data Distribution System, Other

Military Vetronics Market - By Application:
Light Protected Vehicles, Unmanned Ground Vehicles, Armored Amphibious Vehicles, Special Purpose Vehicles

By Region
North America,U.S.,Rest of North America,Europe,France, The UK, Spain, Germany, Italy, Rest of Europe, Asia Pacific, China, Japan, India, Southeast Asia, Rest of Asia Pacific, Middle East & Africa, GCC Countries, Southern Africa, Rest of MEA, Latin America, Brazil, Rest of Latin America

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The average revenue generation rate of vetronics players will increase rapidly for the time being and eventually mature later. Armament spending in the Asia-Pacific, Africa and the Middle East has been growing considerably in recent years, but Europe has experienced very low growth. In North America, on the other hand, military spending declined between 2013 and 2014 and remained unchanged until 2016. Despite the decline in spending, there was the largest spending in the world due to the impact of North America, particularly the United States.

North America will account for a leading portion of sales in the military vetronics sector in 2015 and is expected to maintain leadership by 2023. The vetronics revenue growth in the region is largely due to increased investment in research and development efforts in advanced vetronics systems. This applies in particular to the navigation systems, communication systems and real-time data transmission systems of modern combat vehicles.

The Military Vetronics Market Report mainly covers following Content.
Chapter 1 Military Vetronics Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Continued…

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