The military vetronics market is slated to considerable witness growth in the coming years owing to the technological advancements and increasing demand for enhanced vetronics systems. Vetronics is a key element of military vehicles. The vetronics comprise of the electronic systems on a vehicle controlling functions like weapons, navigation, and communication.
Vetronics, short for vehicle electronics, also comprise of components from boards and chips to displays as well as power electronics. With changing times, designers are interlinking the separate systems together. The result of this will be a single web of vetronics systems enabling data to be shared among themselves and with neighboring vehicles. The data can also be shared among distant commanders and nearby soldiers.
Military vetronics market is bifurcated in terms of system, platform, fit, and regional landscape.
Based on system, the market is classified into weapon control system; command, control and communication (C3) system; power system; navigation system; and others. Requirement to integrate advanced weapon systems in military vehicles to improve their operational capabilities in battlefield is supporting weapon control system market growth.
The others segment includes sensors and display system. Among these, technological advancement in sensors, which allows them to increase their operational range, will further positively impact the market growth.
With respect to platform, the market is segmented into unmanned armored ground vehicles, main battle tank, mine-resistant ambush protected (MRAP) Vehicles, amphibious vehicle, light armored vehicle, infantry fighting vehicles (IFVs), others.
Light armored vehicles generally assist as the primary mobile platforms for marines, infantry, and paratroopers. Ease of operations and low maintenance of light armored vehicles will support the market demand. Capabilities of eliminating land mines are supporting market penetration for MRAP vehicles. Capabilities to transport infantry in active battle zone and also performing as combat vehicles are increasing the market demand for infantry fighting vehicles.
Technological integration of advanced sensor and communication systems will positively impact the market growth for unmanned armored ground vehicles. Scope of amphibious vehicle application to carry out operations in hostile environment on land and water will also impel market growth. The others segment market growth can be attributed to integration of various C3 systems in military vehicles.
From a regional frame of reference, the Latin America military vetronics market will witness growth owing to the ease of access to advanced technologies. Rising geopolitical disputes with regards to crude oil mining, will support market growth for Middle East & Africa military vetronics market.