Pune, India -- (SBWIRE) -- 08/06/2018 -- 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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Top Key Player Included Un This Study are:
Curtiss Wright Corporation, Thales Group, SAAB A.B., BAE Systems PLC, Elbit Systems Ltd, General Electric Company, Lockheed Martin Corporation, General Dynamics Corporation, Ultra Electronics Ltd, The Raytheon Company and Kongsberg Gruppen ASA.

The requirement for military mission is continuously evolving. The increasing technological advancements in vetronics such as HD video calling, advanced threat detection sensors, high bandwidth networking are the new requirements of military which are further accelerating the growth. However, high cost of such products in market is slowing down the market growth. Whereas on the other hand need of such advance technology is creating opportunity for military vetronics market.

Armored amphibious vehicle applications currently dominate the market due to its widespread use at sea as well as land. This vehicle is often used in surveillance and rescue missions, water transport and manpower carriers. However, the rapid deployment of troops during land and sea operations accelerated growth.

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The report thoroughly analyzes the most crucial details of the Global Military Vetronics Market with the help of an in-depth and professional analysis. Described in a precise manner, the report also presents complete overview of the market based on the factors that are projected to have a considerable and measurable impact on the market's developmental prospects over the forecast period.

Regional Outlook:

Asia Pacific is considered the most attractive market for the forecast period. This is because security tensions are rising among Asian countries. The markets in the Asia Pacific region are expected to increase significantly due to the high progress over the next few years due to increased terrorist activity. Countries like India, Pakistan, Korea, North Korea, China and Japan are participating in various agreements and cooperation in terms of military vetronics. This will further accelerate the military vetronics market. In June 2017, it was announced that China is building the world's fastest amphibious combat vehicle. The North China Institute of Vehicle Research has produced a 4x4 Armored Combat Vehicle (AFV) that can reach speeds up to 31 miles per hour when traveling in calm waters. That speed will make the amphibious AFV the world's fastest amphibious military vehicle.

Table of Contents
Global Military Vetronics Market Research Report.
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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