The report, now available on ASDReports, recognizes the following companies as the key players in the Global Military Support Vehicle Market: AM General, BAE Global Combat Systems, General Dynamics, Krauss-Maffei Wegmann and Lockheed Martin
Other Prominent Vendors in the market are: Iveco, Navistar Defense, Oshkosh Defense and Rheinmetall MAN
Commenting on the report, an analyst said: “Vendors of vetronics systems for military support vehicles are shifting toward the use of commercial off the shelf technologies, as they are cost-effective and offer reduction in size, weight, and power (SWaP). Military vehicles are now being retrofitted with COTS smart displays that offer seamless benefits to end-users. This technology utilizes ARINC 661 standard and human machine interface technology in the software, which is very crucial for mission-critical applications.”
According to the report, innovations in the field of unmanned robotics will likely increase the demand for UGVs. These can be controlled remotely by an operator. UGVs allow operators to track the surroundings with the help of a set of sensors and hence they are deployed in locations where human presence is dangerous. They are increasingly used in the defense sector owing to their capability to detect mines and perform surveillance activities.
Further, the report states that vendors need to conform to stringent regulatory norms implemented in different countries such as restrictions regarding soil, air, and water pollution as well as storage, use, and release of toxic waste. There are many vendors that work with government agencies and the departments of defense in various countries. Therefore, manufacturers are required to comply with stringent regulations at the federal, state, and local levels. These stringent regulations have a negative impact on market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Nov 16, 2015