Global Vetronics Market 2022-2028

Global Vetronics Market 2022-2028

MARKET OUTLOOK

A report by Triton Market Research states that the global vetronics market is expected to show an uptrend at a CAGR of 5.62% during the forecast period of 2022-2028.

The market is driven by factors such as the open architecture of the vetronics systems, advancements in battlefield technology and ongoing military modernization of the land-based vehicle inventory. The defense forces are expected to be modernized, updated and ready to respond to changes concerning developing technologies. Armies worldwide prioritize and update ground vehicles and their components, particularly their electronic systems, to provide soldiers with the most modern fighting platforms available. Future armies are projected to change the battlefield of the future due to the modernization of next-generation vehicles. On the contrary, the cut-offs in the defense budget, rising cost of raw materials and usability regulations are expected to impede the growth of the studied market.

REGIONAL OUTLOOK

The global vetronics market is studied across North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.

North America dominates the vetronics market globally, and it is expected to maintain its stronghold until 2028. The demand for vetronics in the region has increased significantly due to efforts made by its military and administration to modernize its army and navy. Another element boosting the growth of the North American vetronics industry is the ongoing upgradation of outdated platforms. The Department of Defense and regional market players are investing heavily in R&D to upgrade its land-based fleet. Additionally, United States leads the region’s market with a share of 96.93% in 2021. This is due to the presence of more developed venture capital market in the country.

COMPETITIVE OUTLOOK

The esteemed players in the vetronics market include BAE Systems, Leonardo S.p.A, Thales Group, Lockheed Martin Corporation, Rheinmetall AG, Raytheon Technologies, General Dynamics Corporation, Saab AB, L3Harris Technologies, and Curtiss-Wright.

Founded in 1929, Curtiss-Wright is a precision component and engineered product manufacturer and services distributor for the aerospace, defense, general industrial, and power generation sectors. It is headquartered in the United States and operates businesses and factories worldwide. Its three operating segments are Aerospace and Industrial, Defense Electronics, and Naval and Power. In addition to producing industrial vehicle items, the corporation also provides military assistance and equipment for the air, land, and marine divisions. Further, it also provides hardware, pumps, valves, fastening systems, specialist containment doors, and other items.


1. Global Vetronics Market - Summary
2. Industry Outlook
2.1. Impact Of Covid-19 On The Vetronics Market
2.2. Key Insights
2.2.1. Growth Of The Vetronics Market In The Asia-pacific Region (India)
2.2.2. Growing Investments In Hybrid Military Vehicles
2.2.3. Rising Military Land-vehicle Inventory
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Industry Components
2.6.1. Component Providers
2.6.2. System Manufacturers/Oems
2.6.3. Distribution Channels
2.6.4. End-users
2.6.5. Aftermarket Services
2.7. Key Market Strategy
2.7.1. Acquisitions
2.8. Market Drivers
2.8.1. Open Architecture Of Vetronics Systems
2.8.2. Ongoing Military Modernization Of Land-based Vehicle Inventory
2.8.3. Advancements In Battlefield Technology
2.9. Market Challenges
2.9.1. Cut-offs In Defense Budget
2.9.2. Rising Cost Of Raw Materials
2.9.3. Usability Regulations
2.10. Market Opportunities
2.10.1. Investments In Research & Development
2.10.2. Growing Vetronics Market In The United States
3. Global Vetronics Market Outlook - Land-based Fleet Type
3.1. Tanks
3.2. Armored Vehicles
3.3. Artillery
3.4. Rocket Projectors
4. Global Vetronics Market Outlook - By Component
4.1. Electronic Warfare & C4 Systems
4.2. Navigation Systems
4.3. Power Systems
4.4. Vehicle Protection Systems
5. Global Vetronics Market Outlook - By Vertical
5.1. Defense
5.2. Homeland Security
6. Global Vetronics Market – Regional Outlook
6.1. North America
6.1.1. Market Outlook By Land-based Fleet Type
6.1.2. Market Outlook By Component
6.1.3. Market Outlook By Vertical
6.1.4. Country Analysis
6.1.4.1. United States
6.1.4.2. Canada
6.2. Europe
6.2.1. Market Outlook By Land-based Fleet Type
6.2.2. Market Outlook By Component
6.2.3. Market Outlook By Vertical
6.2.4. Country Analysis
6.2.4.1. United Kingdom
6.2.4.2. Germany
6.2.4.3. France
6.2.4.4. Spain
6.2.4.5. Italy
6.2.4.6. Poland
6.2.4.7. Greece
6.2.4.8. Rest Of Europe
6.3. Asia-pacific
6.3.1. Market Outlook By Land-based Fleet Type
6.3.2. Market Outlook By Component
6.3.3. Market Outlook By Vertical
6.3.4. Country Analysis
6.3.4.1. China
6.3.4.2. Japan
6.3.4.3. India
6.3.4.4. South Korea
6.3.4.5. Thailand
6.3.4.6. Vietnam
6.3.4.7. Taiwan
6.3.4.8. Rest Of Asia-pacific
6.4. Latin America
6.4.1. Market Outlook By Land-based Fleet Type
6.4.2. Market Outlook By Component
6.4.3. Market Outlook By Vertical
6.4.4. Country Analysis
6.4.4.1. Brazil
6.4.4.2. Mexico
6.4.4.3. Argentina
6.4.4.4. Venezuela
6.4.4.5. Rest Of Latin America
6.5. Middle East And Africa
6.5.1. Market Outlook By Land-based Fleet Type
6.5.2. Market Outlook By Component
6.5.3. Market Outlook By Vertical
6.5.4. Country Analysis
6.5.4.1. Egypt
6.5.4.2. Turkey
6.5.4.3. Iran
6.5.4.4. Israel
6.5.4.5. Saudi Arabia
6.5.4.6. Algeria
6.5.4.7. Morocco
6.5.4.8. Rest Of Middle East & Africa
7. Competitive Landscape
7.1. Curtiss-wright
7.2. Bae Systems
7.3. Thales Group
7.4. General Dynamics Corporation
7.5. Lockheed Martin Corporation
7.6. Rheinmetall Ag
7.7. Raytheon Technologies
7.8. L3harris Technologies
7.9. Saab Ab
7.10. Leonardo S.P.A
8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources Of Data
8.3. Research Methodology
List Of Tables
Table 1: Global Vetronics Market, Regional Outlook, 2022-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: List Of Acquisitions
Table 4: Global Vetronics Market, By Land-based Fleet Type, 2022-2028 (In $ Million)
Table 5: Global Vetronics Market, By Component, 2022-2028 (In $ Million)
Table 6: Global Vetronics Market, By Vertical, 2022-2028 (In $ Million)
Table 7: Global Vetronics Market, Regional Outlook, 2022-2028 (In $ Million)
Table 8: North America Vetronics Market, By Land-based Fleet Type, 2022-2028 (In $ Million)
Table 9: North America Vetronics Market, By Component, 2022-2028 (In $ Million)
Table 10: North America Vetronics Market, By Vertical, 2022-2028 (In $ Million)
Table 11: North America Vetronics Market, Country Outlook, 2022-2028 (In $ Million)
Table 12: Europe Vetronics Market, By Land-based Fleet Type, 2022-2028 (In $ Million)
Table 13: Europe Vetronics Market, By Component, 2022-2028 (In $ Million)
Table 14: Europe Vetronics Market, By Vertical 2022-2028 (In $ Million)
Table 15: Europe Vetronics Market, Country Outlook, 2022-2028 (In $ Million)
Table 16: Asia-pacific Vetronics Market, By Land-based Fleet Type, 2022-2028 (In $ Million)
Table 17: Asia-pacific Vetronics Market, By Component, 2022-2028 (In $ Million)
Table 18: Asia-pacific Vetronics Market, By Vertical, 2022-2028 (In $ Million)
Table 19: Asia-pacific Vetronics Market, Country Outlook, 2022-2028 (In $ Million)
Table 20: Latin America Vetronics Market, By Land-based Fleet Type, 2022-2028 (In $ Million)
Table 21: Latin America Vetronics Market, By Component, 2022-2028 (In $ Million)
Table 22: Latin America Vetronics Market, By Vertical, 2022-2028 (In $ Million)
Table 23: Latin America Vetronics Market, Country Outlook, 2022-2028 (In $ Million)
Table 24: Middle East And Africa Vetronics Market, By Land-based Fleet Type, 2022-2028 (In $ Million)
Table 25: Middle East And Africa Vetronics Market, By Component, 2022-2028 (In $ Million)
Table 26: Middle East And Africa Vetronics Market, By Vertical, 2022-2028 (In $ Million)
Table 27: Middle East And Africa Vetronics Market, Country Outlook, 2022-2028 (In $ Million)
List Of Figures
Figure 1: Market Attractiveness Index
Figure 2: Global Vetronics Market, By Land-based Fleet Type, 2021 & 2028 (In %)
Figure 3: Global Vetronics Market, By Tanks, 2022-2028 (In $ Million)
Figure 4: Global Vetronics Market, By Armored Vehicles, 2022-2028 (In $ Million)
Figure 5: Global Vetronics Market, By Artillery, 2022-2028 (In $ Million)
Figure 6: Global Vetronics Market, By Rocket Projectors, 2022-2028 (In $ Million)
Figure 7: Global Vetronics Market, By Component, 2021 & 2028 (In %)
Figure 8: Global Vetronics Market, By Electronic Warfare & C4 Systems, 2022-2028 (In $ Million)
Figure 9: Global Vetronics Market, By Navigation Systems, 2022-2028 (In $ Million)
Figure 10: Global Vetronics Market, By Power Systems, 2022-2028 (In $ Million)
Figure 11: Global Vetronics Market, By Vehicle Protection Systems, 2022-2028 (In $ Million)
Figure 12: Global Vetronics Market, By Vertical, 2021 & 2028 (In %)
Figure 13: Global Vetronics Market, By Defense, 2022-2028 (In $ Million)
Figure 14: Global Vetronics Market, By Homeland Security, 2022-2028 (In $ Million)
Figure 15: Global Vetronics Market, Regional Outlook, 2021 & 2028 (In %)
Figure 16: North America Vetronics Market, Country Outlook, 2021 & 2028 (In %)
Figure 17: United States Vetronics Market 2022-2028 (In $ Million)
Figure 18: Canada Vetronics Market 2022-2028 (In $ Million)
Figure 19: Europe Vetronics Market, Country Outlook, 2021 & 2028 (In %)
Figure 20: United Kingdom Vetronics Market 2022-2028 (In $ Million)
Figure 21: Germany Vetronics Market 2022-2028 (In $ Million)
Figure 22: France Vetronics Market 2022-2028 (In $ Million)
Figure 23: Spain Vetronics Market 2022-2028 (In $ Million)
Figure 24: Italy Vetronics Market 2022-2028 (In $ Million)
Figure 25: Poland Vetronics Market 2022-2028 (In $ Million)
Figure 26: Greece Vetronics Market, 2022-2028 (In $ Million)
Figure 27: Rest Of Europe Vetronics Market 2022-2028 (In $ Million)
Figure 28: Asia-pacific Vetronics Market, Country Outlook, 2021 & 2028 (In %)
Figure 29: China Vetronics Market 2022-2028 (In $ Million)
Figure 30: Japan Vetronics Market 2022-2028 (In $ Million)
Figure 31: India Vetronics Market 2022-2028 (In $ Million)
Figure 32: South Korea Vetronics Market 2022-2028 (In $ Million)
Figure 33: Thailand Vetronics Market 2022-2028 (In $ Million)
Figure 34: Vietnam Vetronics Market 2022-2028 (In $ Million)
Figure 35: Taiwan Vetronics Market 2022-2028 (In $ Million)
Figure 36: Rest Of Asia-pacific Vetronics Market, 2022-2028 (In $ Million)
Figure 37: Latin America Vetronics Market, Country Outlook, 2021 & 2028 (In %)
Figure 38: Brazil Vetronics Market 2022-2028 (In $ Million)
Figure 39: Mexico Vetronics Market 2022-2028 (In $ Million)
Figure 40: Argentina Vetronics Market 2022-2028 (In $ Million)
Figure 41: Venezuela Vetronics Market 2022-2028 (In $ Million)
Figure 42: Rest Of Latin America Vetronics Market 2022-2028 (In $ Million)
Figure 43: Middle East And Africa Vetronics Market, Country Outlook, 2021 & 2028 (In %)
Figure 44: Egypt Vetronics Market 2022-2028 (In $ Million)
Figure 45: Turkey Vetronics Market 2022-2028 (In $ Million)
Figure 46: Iran Vetronics Market 2022-2028 (In $ Million)
Figure 47: Israel Vetronics Market 2022-2028 (In $ Million)
Figure 48: Saudi Arabia Vetronics Market 2022-2028 (In $ Million)
Figure 49: Algeria Vetronics Market 2022-2028 (In $ Million)
Figure 50: Morocco Vetronics Market 2022-2028 (In $ Million)
Figure 51: Rest Of Middle East & Africa Vetronics Market 2022-2028 (In $ Million)

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