{"product_id":"latin-america-vetronics-market-2022-2028","title":"Latin America Vetronics Market 2022-2028","description":"\u003cp\u003eLatin America Vetronics Market 2022-2028\u003c\/p\u003e\n\n\u003cp\u003eMARKET OUTLOOK\u003c\/p\u003e\n\n\u003cp\u003eTriton Market Research highlights that the Latin America vetronics market is expected to project at a CAGR of 3.26% during the forecast period 2022-2028. The countries studied across the market include Brazil, Argentina, Mexico, Venezuela, and Rest of Latin America.\u003c\/p\u003e \n\n\u003cp\u003eIn Argentina, legacy APCs and IFVs used by the army, such as the VCTP, AMX-VCI, M113, and Panhard AML, need to be replaced because their maintenance is challenging and expensive. Such platforms are suited for Argentina's security operations against criminal trafficking organizations, drug cartels, and international terrorist groups with ties to the region. This is due to the absence of any direct military threats from its neighbors. Additionally, these vehicles would also increase the protection of its troops serving in UN missions, in which the country has been heavily involved. Argentina sees purchasing more armored vehicles as a chance to develop its automotive and defense industries and lessen its import dependency. These initiatives are expected to boost the country's market growth.\u003c\/p\u003e\n\n\u003cp\u003eIn Venezuela, Hugo Chávez invested billions of dollars in Russian defense equipment, but Caracas is no longer able to keep its armed forces with cutting-edge military hardware due to international sanctions and a continuing economic crisis. The Venezuelan army is retrofitting and refurbishing obsolete vehicles acquired in the years before Chávez with cutting-edge vetronics equipment to boost its arsenal and maintain its deterrence capabilities. Such factors are expected to accelerate the country's market growth.\u003c\/p\u003e \n\n\u003cp\u003eCOMPETITIVE OUTLOOK\u003c\/p\u003e \n\n\u003cp\u003eThe renowned players in the vetronics market include Curtiss-Wright, Leonardo S.p.A, General Dynamics Corporation, Raytheon Technologies, and Thales Group.\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"September, 2022 \/ 109 Pages \/ MCW16266939","offer_id":47700333232434,"sku":null,"price":1800.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/latin-america-vetronics-market-2022-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}