Global Military Vetronics Market to Grow at a CAGR of 5.7% with Burgeoning Demand for Technologically Integrated Platforms in Defense Sector. Market Key Players are are 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.
Pune, India, July 22, 2020 (GLOBE NEWSWIRE) — Global Military Vetronics Market was valued USD 4.58 billion in 2019, will grow at a CAGR of 5.7% during the forecast period. The growing demand for Vetronics has elevated in recent years due to its integration with the battlefield management system for in-service and futuristic platforms. By incorporating Vetronics, combat support vehicles platforms can be improved significantly, which allows on-board systems to interconnect networks and enable information sharing within the platform and with the neighboring platforms. The Vetronics aids in easier platform integration and optimizes electronic sub-systems and on-board computing.