Sign in Subscribe
News agencies

Military Land Vehicle Electronics Market Forecast 2015-2025

Strategic Insights

— 1 min read

The global Military Land Vehicle Electronics (vetronics) market experienced significant growth during the Iraq and Afghanistan conflicts. However, with the cessation of these operations, defence spending in North America and Europe is expected to decrease, resulting in a substantial reduction in the global vetronics market. Despite this, the market is expected to recover due to modernization programs in France and Australia, which will drive growth in the C3, sensors, and computer, power and control systems submarkets.

Key Takeaways:

  • The global Military Land Vehicle Electronics market is expected to reach $2872m in 2015.
  • The market is expected to experience significant growth in the C3, sensors, and computer, power and control systems submarkets, while the remote weapon stations and vehicle protection systems remain at similar levels.
  • The market is expected to recover due to modernization programs in France and Australia, which will drive growth in the C3, sensors, and computer, power and control systems submarkets.
  • The top 5 leading national Military Land Vehicle Electronics markets are the USA, China, India, Russia, and Saudi Arabia.
  • The key submarkets driving growth are Remote Weapon Stations, C3, Vehicle Protection Systems, Computers, Power and Control Systems, and Sensors.
  • The report includes detailed analysis of 25 leading companies, including BAE Systems, Bharat Electronics Limited (BEL), Curtiss-Wright Corporation, and more.

Statistics:

  • The global Military Land Vehicle Electronics market is expected to reach $2872m in 2015.
  • The C3, sensors, and computer, power and control systems submarkets are expected to experience significant growth, with a combined value of $1.2 billion by 2025.
  • The remote weapon stations and vehicle protection systems submarkets are expected to remain at similar levels, with a combined value of $800m by 2025.
  • The top 5 leading national Military Land Vehicle Electronics markets are expected to account for 60% of the global market by 2025.
  • The key submarkets driving growth are expected to account for 70% of the global market by 2025.

Sources:

  • Visiongain's Military Land Vehicle Electronics Market Forecast 2015-2025
  • ReportLinker
  • PR Newswire
  • Military Land Vehicle Electronics Market Forecast 2015-2025. Published on PR Newswire. Retrieved on October 10, 2022.
  • To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/military-land-vehicle-electronics-vetronics-market-forecast-2015-2025-leading-companies-in-communications-computing-sensors--remote-weapon-stations-rws-300108973.html

Read more