Market Share of Vetronics Industry
The vetronics market is highly fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent market players are Curtiss-Wright Corporation, THALES, Saab AB, General Dynamics Corporation, and Rheinmetall AG. The operations of the market players are focused on the designing, engineering, and manufacturing of high-performing vetronics for the terrestrial assets of the global armed forces. Therefore, the market in focus is directly affected by economic factors and other trends that influence end-user segments, more specifically by the cyclicity of the revenue stream. The revenues of market players are also dependent on the R&D initiatives of OEMs for designing a new vehicle model or augmenting the mission profile of the existing models. The stringent safety and regulatory policies in the defense segment are expected to restrict the entry of new players. Furthermore, since a contract for armored vehicles requires high technological expertise and spans over several years, careful identification and continuous monitoring of associative risks are required to be undertaken to assess their effects on the operational parameters of the manufacturing company. The assessment includes consideration for technical requirements, the listing of scheduled and associated tasks, and detailed cost analysis.
Vetronics Market Leaders
Curtiss-Wright Corporation
Saab AB
General Dynamics Corporation
Rheinmetall AG
THALES
*Disclaimer: Major Players sorted in no particular order
