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(Transportation-News.com, July 13, 2018 ) Vetronics, which is a portmanteau of vehicle and electronics, is a military domain technological term. Military Vetronics is a vehicle equivalent of avionics. Increasing demand for C4 systems, owing to the growth of military ground vehicle systems, in North America and Europe, with next generation Vetronics systems.
Rise in demand in technologically advanced vehicles in emerging economies such as China and India and increased military spending in this region is also driving the growth of military Vetronics market. However, decreasing military spending in the developed countries can act as a restraining factor in the market. Increasing military modernization strategies in various countries will bring new opportunities in the military Vetronics market in the coming years.
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The "Global Military Vetronics Market Analysis to 2025" is a specialized and in-depth study of the military Vetronics industry with a focus on the global market trend. The report aims to provide an overview of global military Vetronics market with detailed market segmentation by vehicle type, system and geography. The global military Vetronics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global military Vetronics market based on vehicle type and system. It also provides market size and forecast till 2025 for overall military Vetronics market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 15 counties globally along with current trend and opportunities prevailing in the region.
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Some of the key players influencing the market are Curtiss-Wright Corporation, Thales Group, Oshkosh Defense, SAAB AB, BAE Systems PLC, General Electric Company, Lockheed Martin Corporation, General Dynamics Corporation, The Raytheon Company, and Kongsberg Gruppen ASA among others.
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