Global Vetronics Market Forecast 2022-2030
KEY FINDINGS
The global vetronics market is estimated to project a CAGR of 4.28% during the forecast period, 2022-2030. The market growth is attributed to military modernization programs, continual efforts in research & development, standardization of vetronics systems, and technological developments.
MARKET INSIGHTS
Vetronics facilitates the integration of varied systems to optimize operations like vehicle health management, surveillance, navigation, and communication. Also, these systems include surveillance, navigation, vehicle electronic warfare, command & control, and communication. Modern warfare shift is influenced by maintaining deterrence in the extensive arms race system, increased costs for cutting-edge weaponry, and asymmetric battlefields. Accordingly, there is an increasing need for resilient, efficient, and versatile combat skills.
The integrated, coordinated warfare considerably enhances the force efficiency by exploiting all-source data, providing accurate data to field commanders, preventing fire-friendly fatalities, and coordinating day/night operations in all weather conditions. For instance, one of the US Army’s top defense electronics equipment manufacturers’ interconnection systems of the new tanks facilitates the integration of tanks with wheeled armored vehicles equipped with standard vetronics. This is to transform and collect battlefield sensor data into high-value combat and security services. As a result, technological development is one of the key growth drivers of the global vetronics market.
REGIONAL INSIGHTS
The global vetronics market growth assessment includes the evaluation of North America, Europe, Asia-Pacific, and Rest of World. North America is the largest revenue-generating and fastest-growing region in the global market. This is attributed to the government’s and military’s efforts to modernize the army and fleet, respectively.
COMPETITIVE INSIGHTS
The market rivalry is accredited to primary variables like affordability and timely servicing. L3Hariss Technologies, General Dynamics Corporation, Leonardo SpA, Thales Group, etc., are among the important companies in the market.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Technological Developments
- 3.1.2. Standardization Of Vetronics System (Open Architecture)
- 3.1.3. Continuous Efforts In Research And Development
- 3.1.4. Military Modernization Programs
- 3.2. Key Restraints
- 3.2.1. Cyber Security
- 3.2.2. Decreasing Defense Budget
- 3.2.3. Regulations
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Vetronics Market
- 4.2. Key Market Trends
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.6.1. Component Providers
- 4.6.2. System Manufacturers / Oems
- 4.6.3. Distribution
- 4.6.4. End-users
- 4.6.5. Aftermarket Services
- 5. Military Land Forces Analysis
- 5.1. United States
- 5.1.1. United States - Overview
- 5.1.2. United States - Vehicle & Artillery Fleet
- 5.1.3. United States – Land Systems
- 5.2. France
- 5.2.1. France – Overview
- 5.2.2. France – Vehicle & Artillery
- 5.2.3. France – Land Systems
- 5.3. China
- 5.3.1. China – Overview
- 5.3.2. China – Vehicle & Artillery
- 5.3.3. China – Land Systems
- 5.4. South Korea
- 5.4.1. South Korea – Overview
- 5.4.2. South Korea – Vehicle & Artillery
- 5.4.3. South Korea – Land Systems
- 5.5. Israel
- 5.5.1. Israel – Overview
- 5.5.2. Israel – Vehicle & Artillery
- 5.5.3. Israel – Land Systems
- 5.6. India
- 5.6.1. India – Overview
- 5.6.2. India – Vehicle & Artillery
- 5.6.3. India – Land Systems
- 5.7. Italy
- 5.7.1. Italy – Overview
- 5.7.2. Italy – Vehicle & Artillery
- 5.7.3. Italy – Land Systems
- 5.8. United Kingdom
- 5.8.1. United Kingdom – Overview
- 5.8.2. United Kingdom – Vehicle & Artillery
- 5.8.3. United Kingdom – Land Systems
- 5.9. Germany
- 5.9.1. Germany – Overview
- 5.9.2. Germany – Vehicle & Artillery
- 5.9.3. Germany: Land Systems
- 5.10. Japan
- 5.10.1. Japan – Overview
- 5.10.2. Japan – Vehicle & Artillery
- 5.10.3. Japan – Land Systems
- 6. Market By Vehicle Type
- 6.1. Tanks
- 6.2. Armored Vehicles
- 6.3. Artillery
- 6.4. Rocket Projectors
- 7. Market By System
- 7.1. Electronic Warfare & C4 System
- 7.2. Navigation System
- 7.3. Power System
- 7.4. Vehicle Protection System
- 8. Market By End-user
- 8.1. Defense
- 8.2. Homeland Security
- 9. Geographical Analysis
- 9.1. North America
- 9.1.1. Market Size & Estimates
- 9.1.2. Key Growth Enablers
- 9.1.3. Key Challenges
- 9.1.4. Key Players
- 9.1.5. Country Analysis
- 9.1.5.1. United States
- 9.1.5.2. Canada
- 9.2. Europe
- 9.2.1. Market Size & Estimates
- 9.2.2. Key Growth Enablers
- 9.2.3. Key Challenges
- 9.2.4. Key Players
- 9.2.5. Country Analysis
- 9.2.5.1. France
- 9.2.5.2. United Kingdom
- 9.2.5.3. Italy
- 9.2.5.4. Germany
- 9.2.5.5. Spain
- 9.2.5.6. Poland
- 9.2.5.7. Greece
- 9.2.5.8. Rest Of Europe
- 9.3. Asia-pacific
- 9.3.1. Market Size & Estimates
- 9.3.2. Key Growth Enablers
- 9.3.3. Key Challenges
- 9.3.4. Key Players
- 9.3.5. Country Analysis
- 9.3.5.1. China
- 9.3.5.2. Japan
- 9.3.5.3. India
- 9.3.5.4. South Korea
- 9.3.5.5. Thailand
- 9.3.5.6. Vietnam
- 9.3.5.7. Taiwan
- 9.3.5.8. Rest Of Asia-pacific
- 9.4. Latin America
- 9.4.1. Market Size & Estimates
- 9.4.2. Key Growth Enablers
- 9.4.3. Key Challenges
- 9.4.4. Key Players
- 9.4.5. Country Analysis
- 9.4.5.1. Brazil
- 9.4.5.2. Argentina
- 9.4.5.3. Venezuela
- 9.4.5.4. Mexico
- 9.4.5.5. Rest Of Latin America
- 9.5. Middle East & Africa
- 9.5.1. Market Size & Estimates
- 9.5.2. Key Growth Enablers
- 9.5.3. Key Challenges
- 9.5.4. Key Players
- 9.5.5. Country Analysis
- 9.5.5.1. Egypt
- 9.5.5.2. Turkey
- 9.5.5.3. Iran
- 9.5.5.4. Israel
- 9.5.5.5. Saudi Arabia
- 9.5.5.6. Algeria
- 9.5.5.7. Morocco
- 9.5.5.8. Rest Of Middle East & Africa
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Mergers & Acquisitions
- 10.2. Company Profiles
- 10.2.1. Bae Systems
- 10.2.2. Curtiss-wright
- 10.2.3. General Dynamics Corporation
- 10.2.4. L3hariss Technologies
- 10.2.5. Leonardo Spa
- 10.2.6. Lockheed Martin
- 10.2.7. Norinco - China
- 10.2.8. Northrop Grumman
- 10.2.9. Raytheon Technologies
- 10.2.10. Rheinmetall Ag
- 10.2.11. Saab Ab
- 10.2.12. Thales Group
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