North America Vetronics Market Forecast 2022-2030
KEY FINDINGS
The North America vetronics market is predicted to register a CAGR of 4.70% during the forecast period, 2022-2030. The rising military budget and the allotting of huge amounts for procuring land-based platforms significantly propel market growth. However, stringent guidelines and regulations with regard to the export and import of vetronics components.
MARKET INSIGHTS
The North America vetronics market growth assessment includes the analysis of the United States and Canada. In Canada, the Armored Combat Support Vehicle (LAV 6.0) is set to replace the M113 and LAV-II (Bison) fleets. In addition, the new ACSV is projected to be set up in various methods like maintenance, power, and ambulance. Also, in August 2019, General Dynamics Land Systems-Canada signed a $2 billion sole-source contract for 360 LAV 6.0 vehicles.
Furthermore, the Canadian army is aiming for a Future Family of UGVs project entailing a fleet of non-lethal unmanned ground vehicles for search and rescue, casualty extraction, and CBRN. Besides, the Light Armored Vehicle Reconnaissance Surveillance System project is set to swap the Coyote Reconnaissance Vehicle for 66 LAV 6.0 chassis. Moreover, the Canadian Armed Forces (CAF) is making major investments in deploying additional sensors, indirect fire support, communications, and net-enabled operating capabilities in Armored Fighting Vehicles (AFVs).
COMPETITIVE INSIGHTS
Some of the prominent market players in the North America vetronics market include SAAB AB, General Dynamics Corporation, Rheinmetall AG, Thales Group, etc.
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
- 5.1.3. United States – 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
- 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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