The global vetronics market is estimated to grow at a CAGR of nearly 5.0% during the forecast period. Vetronics is a key element of military vehicles. Vetronics refers to electronic systems on a vehicle which is designed to control functions including communications, navigation, and weapons. Vehicle-equipped with information technology has been gaining significance in the […]
Tag Archives: Global Vetronics Market
The global vetronics market is estimated to grow at a CAGR of nearly 5.0% during the forecast period. Rising military expenditure is primarily driving the demand for vetronics systems. According to the Stockholm International Peace Research Institute (SIPRI), in 2019, the total global military spending increased to $1,917 billion, which represents a rise of 3.6% from 2018. […]