Global Military Land Vehicle Electronics Market – Introduction

  • Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world. 
  • The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period.
military land vehicle electronics market

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Global Military Land Vehicle Electronics Market –Dynamics

Key Drivers of the Military Land Vehicle Electronics Market

  • Significant demand for military land vehicle electronics is expected to drive the growth of the market across the world, due to rising population who need increased land protection.
  • Rising demand for new sighting devices, infrared cameras, and thermal imaging systems is expected to contribute significantly to the growth of the global military land vehicle electronics market.
  • Increasing complexities in war techniques has resulted in bigger requirement for Intelligence, Surveillance and Reconnaissance (ISR) activities, which is expected to drive the military land vehicle electronics market.
  • Increasing research and development investment for Intelligence, Surveillance and Reconnaissance (ISR) systems, such as infrared vision systems, thermal sights, and laser target designators across developed and developing countries is expected to accelerate the growth of the military land vehicle electronics market.

Restraints of the Military Land Vehicle Electronics Market

  • High cost of military land vehicle electronics and their maintenance is one of the negative factors that can restrain the growth of the military land vehicle electronics market.
  • The new trend in developed countries to produce their own defense equipment is also an issue hampering the import of vehicles from other countries. This can adversely impact the global military land vehicle electronics market.
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North America to Hold Major Share of the Global Military Land Vehicle Electronics Market during the Forecast Period

  • North America is expected to hold significant share of the military land vehicle electronics market over the forecast period. In Addition to it, the U.S. is mostly maintaining and upgrading its existing military fleets rather than replacing them with new ones.
  • Europe is projected to hold substantial share in the global military land vehicle electronics market during the forecast period owing to increased investment in research and development for the growth of advanced military land vehicle electronics.
  • The military land vehicle electronics market is likely to grow at a significant rate in Asia Pacific during the forecast period due to rising terrorist attacks across the region.

Global Military Land Vehicle Electronics Market –Competitive Landscape

Key Players Operating in the Global Market

The global military land vehicle electronics market is highly concentrated with top manufacturers accounting for approximately 35%–40% of the market share. A few of the key players operating in the global military land vehicle electronics market are listed below:

  • Bharat Electronics Limited (BEL)
  • General Electric
  • Gresham Power Electronics Limited
  • Kalyani Strategic Systems Ltd.         
  • Kongsberg
  • Leonardo DRS, Inc.
  • Mahindra Emirates Vehicle Armouring
  • Protomatic
  • Rheinmetall AG
  • Saab AB
  • Thales Group
  • Thomas Electronics
  • W. L. Gore & Associates, Inc.

In September 2017, Kongsberg and Thales Group signed an extension to their agreement for providing remote weapon systems to British defense forces, which was made in 2007.

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Global Military Land Vehicle Electronics Market –Research Scope

The global military land vehicle electronics market can be segmented based on:

  • Vehicle Type
  • System Type
  • Applications
  • Region

Global Military Land Vehicle Electronics Market, by Vehicle Type

  • Mine Resistant Ambush Protected (MRAP) Vehicles
  • Main Battle Tanks
  • Armored Personnel Carrier
  • Light Protected Vehicles
  • Infantry Fighting Vehicles
  • Amphibious Armored Vehicles
  • Others

Global Military Land Vehicle Electronics Market, by System Type

  • Observation, Display & Computing Systems
  • Weapon Control Systems
  • Vehicle Protection Systems
  • C3 & C4ISR/EW Systems
  • Navigation Systems
  • Sensor & Control Systems
  • Power Systems

Global Military Land Vehicle Electronics Market, by Applications

  • Camions
  • Tanks
  • Others

Global Military Land Vehicle Electronics Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Sweden
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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