News | January 28, 2014

Military Land Vehicle Electronics (Vetronics) Market Valued At $3.3Bn In 2014

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A new research report published recently has revealed that the global market for military land vehicle electronics will be worth just over $3.3Bn in 2014.

The new report the Military Land Vehicle Electronics (Vetronics) Market 2014-2024: Communications, Computing, Sensors & Remote Weapon Stations (RWS) provides an in-depth breakdown of the sources of growth and areas of contraction in the military land vehicle electronics market, including detailed ten-year budget forecasts for the 15 highest spending countries The report identifies the top 15 companies worldwide and details their product offerings, market share and recent contracts signed.

The lead defence analyst for the report commented: “Our research has indicated that spending on military land vehicle electronics is likely to peak in 2014, with a major contraction in market value expected to hit in 2015, as spending on US vehicles returning from Afghanistan ends.  The following years will see some volatility in the market, but we nonetheless expect global spending on vetronics to see a solid upward trend over the next ten years.”

The report has 168 pages and contains 179 tables, charts and figures to enhance detailed company profiles. As well as global market share, this report has produced individual assessments of the leading companies’ performance and outlook, and collates 249 contracts signed in the market. The report also contains a breakdown of the military vehicle electronics market into 5 key submarkets:

  • Command, Control & Communications Systems
  • Sensor Systems
  • Remote Weapon Stations
  • Computer, Power & Control Systems
  • Vehicle Protection Systems

The Military Land Vehicle Electronics (Vetronics) Market 2014-2024: Communications, Computing, Sensors & Remote Weapon Stations (RWS) is an invaluable reference for current and future investors in the military land vehicle electronics market, for both public and private sector organisations, as well as to companies and researchers who need to quickly understand the composition of the market and the strategies of its most successful companies.

SOURCE: ASDReports.com

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