Visiongain: Military Land Vehicle Electronics Market’s 2016 Revenue to Hit $3B

A report from research firm Visiongain estimates that global revenue for military land vehicle electronics will reach $3.3 billion this year.

The company’s “Military Land Vehicle Electronics Market Report 2016-2026” report also predicts that technology development efforts will help drive sales growth for the sector over the next 10 years, ReportBuyer said Monday.

Vistronics also forecasts China will experience a significant increase in vetronics revenue through 2026 while Australia and France will expand their shares of the market  through planned vehicle modernization programs.

The report features key companies within the vetronics market such as BAE Systems, General Dynamics, Harris, Lockheed Martin, Raytheon, Curtiss-Wright, Elbit Systems, Leonardo-Finmeccanica, Kongsberg Gruppen ASA, Oshkosh, Rheinmetall AG, Thales Group, Saab Group and ViaSat.