- The key vendors in the global military land vehicles market 2015-2019 are General Dynamics Corp., Navistar Inc., Oshkosh Defense LLC, Rheinmetall AG and ST Engineering Ltd.
London, 01 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global military land vehicles market 2015-2019. The growing trend of commercial off-the-shelf component utilization in military land vehicles helps in size, weight, and power reduction, and COTS components are also more cost-efficient to utilize. This trend also helps vendors meet the growing demand for low-cost and high-quality vehicles. Utilization of COTS has also provided an opportunity for commercial COTS component vendors to enter the military market. The global military land vehicles market will grow at a CAGR of 1.40% during the period 2014-2019.
Military land vehicles already have limited space and a finite amount of energy to power a range of vetronics. There is a demand for smaller and lighter system components that enhance performance and reduce the life cycle costs. Therefore, many new military land vehicle products and components manufacurers focus on innovations in saving size and weight, and in reducing power consumption.
“One key trend for integrated system solutions is the move toward standalone rugged box systems,” says Faisal Ghaus, Vice President of Technavio Research.
“These box systems support standard form-factor computing boards inside them while also providing a completely enclosed computing solution that eliminates the need for complex integration.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
