Global Military Vetronics Market 2017-2021
About Military Vetronics
A vital component of a nation's arsenal is its fleet of military ground vehicles that comprise all land combat and transportation vehicles. These are deployed by the ground forces for a wide range of operations, including active combat missions, transportation of cargo, equipment, ammunition, and military personnel. These ground vehicles are currently used in large numbers by military forces around the world. Nations have been investing significantly in the development and procurement of advanced variants of these vehicles.
Technavio’s analysts forecast the global military vetronics market to grow at a CAGR of 3.78% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global military vetronics market 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Military Vetronics Market 2017-2021
Technavio recognizes the following companies as the key players in the global military vetronics market: Curtiss-Wright, Elbit Systems, General Dynamics, Saab, and Thales.
Other Prominent Vendors in the market are: Harris, Moog, Rheinmetall, and TE Connectivity.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of advanced vetronics for next-generation military vehicles. Military vehicles use large volumes of fuel and other energy sources, causing high levels of pollution that adversely affects the environment. Therefore, it is becoming essential to monitor and maintain a check on fuel emissions in compliance with the environmental guidelines. There are five major renewable resources for energy. Wind, geothermal, and solar are not practical alternatives for military vehicles. The other two cost-effective alternatives are biofuel and hydropower. These alternatives will require military vehicles to be either electric or hybrid versions.”
According to the report, one of the major drivers for this market is Evolving military operations demand advanced vetronics systems. The mission requirements for the military are constantly evolving. Innovative ISR technologies, HD video streaming, high-bandwidth networking hardware, and advanced threat detection sensors are some of the new requirements that armed forces across the world are integrating into their ground vehicles. This gives rise to the need for advanced vetronics systems that can handle new hardware and software upgrades. The high data-exchange rates that are provided by using open COTS architectures generate complex signal-integrity issues at all levels of the system, including the processor chips.
Further, the report states that one of the major factors hindering the growth of this market is Requirement for advanced cooling technologies in modern vetronics systems. Military ground vehicles are integrated with various vetronics systems to handle various mission systems, weapon systems, command and control systems, ISR systems, power management systems, and other functionalities in vehicles. The traditional embedded computing platforms that process these functionalities generate a lot of heat during operations and must be maintained at an optimum temperature to ensure lag-free operations. Developing an efficient cooling system technology has always been a challenge. Traditional cooling fans have many inefficiencies and are not preferred by the military for installation in ground vehicles. Mechanical fans compromise on stealth due to their excessive noise and require maintenance since they are prone to mechanical failure.
Curtiss-Wright, Elbit Systems, General Dynamics, Saab, Thales, Harris, Moog, Rheinmetall, and TE Connectivity.