A new Research and Markets report indicates that the global market for military land vehicles will grow through 2019 at a compound annual growth rate of 1.4 percent.
The company said Friday the market will see an increased demand for military land vehicles that operate on low costs per mile.
According to the report, the market will also experience the growing use of commercial off-the-shelf solutions, particularly for smart displays, which calls for software to integrate systems and support mission-critical applications.
The report identified the following key vendors:
- General Dynamics
- Oshkosh Defense
- ST Engineering