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Military Vetronics Market Share

Report ID: GMI4623
Published Date: Sep 2023
Report Format: PDF

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Military Vetronics Market Share

Some of the major players operating in the military vetronics market are

BAE Systems PLC.
Curtiss-Wright Corporation
Elbit Systems
General Dynamics Corporation
Kongsberg
L3Harris Technologies, Inc.
Leonardo-Finmeccanica S.P.A
Lockheed Martin Corporation
Oshkosh Corporation
Raytheon Company
Rheinmetall AG
Saab AB
TE Connectivity
Thales Group

These players focus on strategic partnerships and new product launches & commercialization for market expansion. Furthermore, they also heavily invest in research to introduce innovative services and garner maximum revenue in the market.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of military vetronics crossed USD 4.7 billion in 2022 and will register over 5% CAGR from 2023-2032 due to the increasing modernization efforts in the defense sector worldwide.

Military vetronics market from the main battle tank platform segment is set to register over 7% CAGR through 2032, on account of their indispensable role in modern warfare, and their effectiveness in advanced vetronics systems.

North America recorded over 30% share of the military vetronics market in 2022 and is expected to register appreciable growth from 2023-2032, owing to the presence of leading defense contractors and technology companies in the region.

BAE Systems PLC., Curtiss-Wright Corporation, Elbit Systems, General Dynamics Corporation, Kongsberg, L3Harris Technologies, Inc., and Leonardo-Finmeccanica S.P.A are some of the major military vetronics companies worldwide.