Global military vetronics market will see big gains in next 10 years, report saysNews
August 16, 2019
LONDON. Global investment and consolidation will continue to be strong over the long term in the military land vehicle electronics (vetronics) market, which totals $3.56 billion in 2019, according to a recent study by Visiongain, "Military Land Vehicle Electronics Market Report 2019-2029."
Over the last 15 years, there has been an increase in the number of advanced electronic systems at ground level -- vehicle electronics -- as defense departments seek to make their armed forces lighter, faster, and more deployable by digitizing the tasks of land vehicles. Visiongain predicts that digitalization will continue to drive the market forward, while large-scale military modernization programs mount and mature.
For additional information on this vetronics market study, visit the Visiongain website.