Europe Market for Military Vetronics is growing Steadily due to Modernize Military Vehicles in UK

Vetronics are the electronics systems integrated in military vehicles for streamlining activities such as communications, navigation, surveillance and vehicle health management among others. The global market for military vetronics is primarily driven by escalating need for real time data to improve battlespace awareness of soldiers and mission specific operational efficiency of the military vehicles. The development of embedded technology is rapidly transforming the military?s capabilities for highly network centric operations. In addition, the initiatives undertaken for reduction of size, weight and power consumption (SWaP) of electronics within the military vehicles in order to increase internal space for solider accommodation and ammunition reserves is also driving the growth of the market for vetronics. Moreover, increasing investments in developing unmanned ground vehicles for military applications are also pushing the market forward. Owing to these factors, the market for military vetronics is growing at a significant pace globally.

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Following the increasing modernization projects undertaken in countries such as China Japan, India, Israel, Saudi Arabia, UAE, and South Africa boost the demand for military vetronics over the forecast period. This factor is also analyzed to create new opportunities for the vetronics manufacturers globally. Conversely, the market for military vetronics is encountering a major hindrance due to the demilitarization initiatives adopted by countries in North America and Europe. However, the impact of this restraint is analyzed to shrink over the forecast period.

Military Vetronics Market has been segmented based on system, vehicle type and geography.

On the basis of System, the Market has been Categorized into:

> Control and Data Distribution Systems
> Display Systems
> Power Systems
> Vehicle Management Systems

On the basis of Vehicle Type, the Market has been Categorized into:

> Light Protected Vehicles
> Infantry Fighting Vehicles
> Armored Personnel Carriers
> Inmanned Ground Vehicles
> Armored Amphibious Vehicles

On the basis of Geography, the Market has been Categorized into:

> North America
> Europe
> Asia Pacific
> Rest of the World (RoW)

The key participants in the Global Military Vetronics Market include:

> Curtiss-Wright Corporation
> Oshkosh Corporation
> Ultra Electronics Ltd.
> TE Connectivity
> SAAB A.B.
> Kongsberg Gruppen ASA
> General Electric Company
> BAE Systems plc
> Rheinmetall Defence
> Moog, Inc.
> Lockheed Martin Corporation
> Elbit Systems Ltd.
> Thales Group
> The Raytheon Company
> General Dynamics Corporation

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