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Military Vetronics Market 2020-2026; Growth Forecast & Industry Share Report

The military vetronics market is poised to amass lucrative gains on account of shifting focus towards electronic warfare. Military budgets are gradually prioritizing on electronic warfare devices owing to increasing requirement for integrating, analyzing and acquiring data during field operations.

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Military Vetronics Market 2020-2026; Growth Forecast & Industry Share Report

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  1. Military Vetronics Market Share, Trend & Growth Forecast to 2026

  2. KeyInsights Military Vetronics Market : • The military vetronics market is poised to amass lucrative gains on account of shifting focus towards electronic warfare. Military budgets are gradually prioritizing on electronic warfare devices owing to increasing requirement for integrating, analyzing and acquiring data during field operations. • According to a report, in 2019, countries like Russia, the U.S., Saudi Arabia, France, and China had accounted for more than 50% in global defense spending. Estimates predict that the Command, Control & Communication (C3) platforms could observe dominance from developed nations such as Russia and the U.S.

  3. Continued… • Out of these, the power system segment is expected to record sizeable growth rate, recording over 5% CAGR by 2026. This growth can be contributed to robust advancements in new battery systems designed especially for ground defense vehicles, enabling them to effectively run on a single energy source for extended durations. • On the regional landscape, North America is considered to be a promising sector for military vetronics manufacturers, registering a growth rate of more than 4% by 2026. The region has a rich presence of prominent industry players like Lockheed Martin, L3Harris, Rheinmetall and General Dynamic that are heavily investing in the field of C4ISR, power systems and other linked technologies, thereby enhancing business competitiveness across North America.

  4. Latest Research Military Vetronics Market @ https://bit.ly/2KOLSYt Request for a Sample Copy of This Research Report @ https://bit.ly/2zBGxBr

  5. Major Companies Military Vetronics Market : • Almaz-Antey • BAE Systems PLC • Curtiss-Wright Corporation • Elbit Systems • General Dynamics Corporation

  6. Regional Military Vetronics Market : • Meanwhile, authorities in North America are undertaking various initiatives to upgrade their aging vetronics systems. Taking 2018 for instance, the U.S. Department of Defense (DoD) assigned almost USD 4.5 billion for combat vehicle research and procurement. Evidently, this is 18.6% more than 2017’s allocation and includes activities like modernization and acquisition of combat vehicles, military vehicles, and vetronics.

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