News | August 29, 2014

Vetronics Market Worth $10.78B By 2020, According To A New Study On ASDReports


According to a new market research report, now available on ASDReports, "Vetronics Market by Application (Defense and Homeland Security), by sub-systems, (C3 systems, Navigation, observation & display systems, weapon control systems, sensor & control systems, vehicle protection systems, and power systems), by Military land vehicles ( IFV, AAV, MRAP, MBT,LPV, APC & UGV) by Region (North America, The Asia-Pacific, Europe, The Middle East, Latin America, and Rest of the World) - Forecasts & Analysis to 2014 - 2020", the vehicle electronics (Vetronics) market is expected to reach $10.78B by 2020.

The report provides a market analysis of the Vehicle Electronics Market over the next six years. It talks about the analysis of drivers, restraints, challenges, and opportunities that impact the industry. It also provides the details about the technology trends that are currently prevailing in the vehicle electronics (Vetronics) Market. The vehicle electronics market is expected to reach $10.78B by 2020.

The report also analyses the market with a special focus on the fast-growing segments. Vetronics architecture such as VICTORY and system solutions such as COTS is explained briefly. It also highlights the analysis of the impact of market dynamics with the factors that currently drive and restrain the growth of the market, along with their impact in the short, medium, and long run.

The major factors driving the vehicle electronics market are network centric battlefield warfare, rising demand for situational awareness and SWaP specifications. Market is restrained due to decrease in defense spending and defense offset policies and regulations. Armored vehicles such as main battle tanks, armored personnel carriers, infantry fighting vehicles, mine resistant ambush protection; unmanned ground vehicles, light protected vehicles, and amphibious armored vehicles comprise the vehicle electronics market.

The regions considered for the report are North America, Latin America, Asia-Pacific, Europe, the Middle East, and the Rest of the World. The countries covered in this report are Australia, India, China, the U.S., Canada, Brazil, the U.K., France, Germany, Russia, Norway, Israel, and Saudi-Arabia.

The report features the prime companies in the Vetronics market such as Oshkosh Corporation (Oshkosh), Rheinmetall AG (Düsseldorf, Germany), Saab AB (Stockholm, Sweden), Curtiss-Wright Corporation (Charlotte, U.S.), Ultra Electronics Limited (Middlesex, United Kingdom), BAE systems (London, United Kingdom)., Lockheed Martin Corporation (Bethesda, Maryland, U.S.), Northrop Grumman Corporation (Virginia, U.S.). Apart from a general overview of the companies, it also provides the details of their financial positions, key products and services, growth strategies, and key developments.