Global Military Armored Vehicles and Counter-IED Vehicles Market 2019-2023 | Evolving Opportunities with BAE Systems and General Dynamics | Technavio
Summary
The ongoing digitization of battlefield operations and integration of Directed Energy Weapons (DEW) are factors anticipated to boost the growth of the market. These systems provide effective firepower and knowledge to vehicle crews to improve the current tactics, techniques, and procedures of the military. Currently, the US Army is testing the Electronic Warfare Tactical Vehicle (EWTV), which can detect a variety of signals, ranging from cellphones to control links for enemy UAVs. Lockheed Martin is headquartered in the US and operates under various business segments, namely Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. Rheinmetall Defence is headquartered in Germany and offers products through the following business segments: Weapon and ammunition, Electronic solutions, and Vehicle systems.