Military Vetronics Market Report 2023: Market Size, Top Segments And Key Trends

The Military vetronics Global Market Report 2023, provides comprehensive information on the Military vetronics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Military vetronics Global Market Report 2023, the market is expected to grow from $4.94 billion in 2022 to $5.21 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The Military vetronics market is expected to reach $6.17 billion in 2027 at a CAGR of 4.3%.

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Product innovations are a key trend gaining popularity in the Military vetronics market. Major companies operating in the Military vetronics market are developing new products to sustain their position in the market. For instance, in May 2022, Kontron AG, a German-based company that designs and produces embedded computer modules and systems for defense and homeland security, introduced the DARCTM VX208, a high-performance, ruggedized, and secure SWaP-constrained mission computer system. It is well-suited for use in various demanding military and aerospace situations, including mission computing, command and control, electronic warfare, and vetronics. The DARCTM VX208 combines two Optical 10 GbE ports with server-class computing and MIL-DTL38999 I/O capabilities. It is perfect for radars and other high-definition video processing applications needing high bandwidth to send massive data volumes.

The Military vetronics market is segmented:

1) By Type: Navigation System, Communication System, Power System, Control And Data Distribution System, C4 System, Display System, Other Types

2) By Fit: Line-Fit, Retrofit

3) By Application: Unmanned Ground Vehicles, Light Protected Vehicles, Special Purpose Vehicles, Armored Amphibious Vehicles, Other Applications

4) By End-User: Defense, Homeland Security

North America was the largest region in the Military vetronics market in 2022.

Major Players:

• General Electric Co
• Raytheon Company
• The Boeing Company
• Lockheed Martin Corporation
• Rheinmetall AG

 

The table of contents in TBRC’s Military vetronics market report includes:

1. Executive Summary
2. Military vetronics Market Characteristics
3. Military vetronics Market Trends And Strategies
4. Military vetronics Market – Macro Economic Scenario
5. Military vetronics Market Size And Growth

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28. Key Mergers And Acquisitions In The Military vetronics Market
29. Military vetronics Market Future Outlook and Potential Analysis
30. Appendix

 

 

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