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Global Military Vetronics Market Size & forecasting (2016-2028)

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Pratiksha
Global Military Vetronics Market Size & forecasting (2016-2028)

The Military Vetronics Market is expected to grow from USD 4.58 billion in 2019, at a CAGR of 5.7% during the forecast period. Vetronics involve the electronic components of vehicles primarily driven by defense organizations. These include various systems such as navigation systems, display systems, C3 systems, weapons control systems, vehicle protection systems, power systems, among others, used to enhance military vehicles ' fighting capacity and situational awareness. 

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Key Developments:

  • In 2016, Lockheed Martin completed the acquisition of Sikorsky Aircraft, replacing United Technologies as the American helicopter maker’s parent company.
  • In 2019, the TLVS bidder’s consortium, an MBDA Deutschland and Lockheed Martin joint venture, submitted its proposal to the German Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) to develop, test and deliver TLVS, Germany’s future Integrated Air and Missile Defense (IAMD) system.
  • In 2019, the U.S. Air Force and Lockheed Martin successfully flight tested the AGM-183A Air-Launched Rapid Response Weapon (ARRW) on the service's B-52 Strata fortress out of Edwards Air Force Base, Calif.

 Companies Covered: Lockheed Martin Corporation, Leonardo-Finmeccanica S.p.a., Saab Group, Thales S.A., General Dynamics Corporation, Harris Corporation, Curtiss-Wright Corporation, BAE Systems PLC, Raytheon Company, and Rheinmetall AG...

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