Global Vetronics Market: Overview
Vetronics usually denotes to vehicle electronics which make it possible for the military units to incorporate several systems, including command, communication, control, navigation system, vehicle protection systems, surveillance system, and vehicle electronic warfare system to modernize activities such as navigation, communication, vehicle health management, and surveillance. Thus, the growing demand for vetronics is anticipated to boost the market in the coming period.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Vetronics Market: Growth Factors
The growth of the global vetronics market is influenced by several factors that include network centric warfare, embedded technology system commonality, situational alertness, and swing toward COTS enabled enhanced SWaP specifications. Further, the rising requirement for keeping an eye on cross-border activities, assisting improved connectivity between remote & central vetronics systems, and the need to determine the weaknesses of the enemies are few other factors that contribute to the growth of the market.
Global Vetronics Market: Segmentation
The global vetronics market can be segmented on the basis of application, subsystem, vehicle type, and region. The application segment of the market is divided into homeland security and defense. The defense segment of the market is anticipated to dominate the market due to the rising defense expenditure around the world. The subsystem segment of the market is diversified into .vehicle protection systems, communication & navigation, c3 systems, observation and display systems, weapon control systems, power systems, and sensor & control systems. The C3 systems segment of the market is assumed to grow in the market at a higher rate due to rise in the need for lightweight and technologically advanced vetronics systems. The vehicle type segment of the market for vetronics is categorized into light protected vehicles, amphibious armored vehicles, mine resistant ambush protected, armored personnel carriers, infantry fighting vehicle, main battle tank, and others. Regionally, the global vetronics market is grouped into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Global Vetronics Market: Regional Analysis
Asia Pacific region is expected to lead the market for vetronics in the coming period. The growth of this region is mainly influenced by the rise in the need for technologically enhanced military land vehicles in the emerging economies. Also, the increase in defense expenditure by emerging countries is the factor fueling the growth of the market in this region. Latin America and Middle East & Africa are also expected to grow in the market at a fast pace in the coming period.
Global Vetronics Market: Competitive Players
The prominent players in the global vetronics market are Curtiss Wright Corporation, Raytheon Company, SAAB Group, Lockheed Martin Corporation, General Dynamics Corporation, and Thales Group. The other influencing players in the market are Leonardo-Finmeccanica SPA, Elbit Systems, Harris Corporation, BAE Systems, and Rheinmetall AG.
Global Vetronics Market: Regional Segment Analysis
What Report Provides
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