The major drivers of the market include easy availability of cost-effective components, which enables prominent players to easily manufacture and offer advanced vetronics at affordable prices; increased demand for enhanced vetronics system due to rising concerns of homeland security and militant activities across the globe; border insecurity and competition; and emergence of wireless communication technology.
The world vetronics market is segmented on the basis of system type and region. The vetronics market on the basis of product type is bifurcated into military communication, command, and control system; vehicle electronic warfare system; sensor (EO/IR) system; and other (navigation system and vehicle protection system). In addition, the market has analyzed on the basis of four key regions and their respective countries, namely, North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The prominent companies operating in the world vetronics market have adopted product launch, expansion, and collaboration as their major strategies for business growth and expansion across the globe. The key players profiled in the report include Lockheed Martin Corporation, Leonardo-Finmeccanica S.p.a., Saab Group; Thales S.A., General Dynamics Corporation, Harris Corporation, Curtiss-Wright Corporation, BAE Systems PLC., Raytheon Company, and Rheinmetall AG.
The study provides an in-depth analysis of the world vetronics market along with current trends and future estimations to elucidate the imminent investment pockets in the market.
The report identifies the key drivers, opportunities, and restraints that shape the market along with the impact analysis.
The report provides a quantitative analysis of the current market and estimations for the period of 2014–2022 to highlight the financial appetency of the market.
Porter’s Five Forces model of the industry illustrates the potency of the buyers and suppliers participating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Key Market Segments
BY SYSTEM TYPE
Military Communication, Command, and Control System
Sensors (EO/IR) System
Vehicle Electronic Warfare System
Other (Navigation System and Vehicle Protection System)
Rest of Europe
Rest of Asia-Pacific
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factor
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Value chain analysis
3.4 Porters five forces analysis
3.4.1 High bargaining Power of buyers
3.4.2 Low bargaining power of suppliers
3.4.3 Competition rivalry
3.4.4 Threat of new entrants
3.4.5 Threat of substitutes
3.5 Market share analysis, 2015 (%)
3.6.1 Easy availability of cost-effective components
3.6.2 Increased demand for enhanced vetronics
3.6.3 Emergence of wireless communication technology
3.6.4 Border insecurity and competition
3.7.1 Low defense spending
3.7.2 Domestic capability
3.8.1 Advanced navigation technology-based vetronics
3.8.2 Efficient vetronics systems for emerging countries
CHAPTER 4 WORLD VETRONICS MARKET, BY SYSTEM TYPE
4.1.1 Market size and forecast
4.2 Military communication, command and control (C3) system
4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast
4.3 Sensors (EO/IR) system
4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast
4.4 Vehicle electronic warfare system
4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Market size and forecast
4.5 Other (navigation system and vehicle protection system)
4.5.1 Key market trends
4.5.2 Key growth factors and opportunities
4.5.3 Market size and forecast
CHAPTER 5 WORLD VETRONICS MARKET, BY REGION
5.2 North America
5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
188.8.131.52.1 MARKET SIZE AND FORECAST
184.108.40.206.1 MARKET SIZE AND FORECAST
220.127.116.11.1 MARKET SIZE AND FORECAST
5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
18.104.22.168 United Kingdom
22.214.171.124.1 MARKET SIZE AND FORECAST
126.96.36.199.1 MARKET SIZE AND FORECAST
188.8.131.52.1 MARKET SIZE AND FORECAST
184.108.40.206.1 MARKET SIZE AND FORECAST
220.127.116.11.1 MARKET SIZE AND FORECAST
18.104.22.168 Rest of Europe
22.214.171.124.1 MARKET SIZE AND FORECAST
5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast
126.96.36.199.1 MARKET SIZE AND FORECAST
188.8.131.52.1 MARKET SIZE AND FORECAST
184.108.40.206.1 MARKET SIZE AND FORECAST
220.127.116.11.1 MARKET SIZE AND FORECAST
18.104.22.168 South Korea
22.214.171.124.1 MARKET SIZE AND FORECAST
126.96.36.199.1 MARKET SIZE AND FORECAST
188.8.131.52 Rest of Asia-Pacific
184.108.40.206.1 MARKET SIZE AND FORECAST
5.5 Latin America, Middle East and Africa (LAMEA)
5.5.1 Key market trends
5.5.2 Key growth factors and opportunities
5.5.3 Market size and forecast
220.127.116.11 Latin America
18.104.22.168.1 MARKET SIZE AND FORECAST
22.214.171.124 Middle East
126.96.36.199.1 MARKET SIZE AND FORECAST
188.8.131.52.1 MARKET SIZE AND FORECAST
CHAPTER 6 COMPANY PROFILES
6.1 Lockheed Martin Corporation
6.1.1 Company overview
6.1.2 Business performance
6.1.3 Key strategic moves and development
6.2 Leonardo-Finmeccanica S.p.a.
6.2.1 Company overview
6.2.2 Business performance
6.2.3 Key strategic moves and development
6.3 Saab Group
6.3.1 Company overview
6.3.2 Business performance
6.3.3 Strategic moves and developments
6.4 Thales S.A.
6.4.1 Company overview
6.4.2 Business performance
6.4.3 Strategic moves and developments of Thales S.A.
6.5 General Dynamics Corporation
6.5.1 Company overview
6.5.2 Business performance
6.5.3 Strategic moves and developments of General Dynamics Corporation
6.6 Harris Corporation
6.6.1 Company overview
6.6.2 Business performance
6.6.3 Strategic moves and developments of Harris Corporation
6.7 Curtiss-Wright Corporation
6.7.1 Company overview
6.7.2 Business performance
6.7.3 Strategic moves and developments of Curtiss-Wright Corporation
6.8 BAE Systems PLC.
6.8.1 Company overview
6.8.2 Business performance
6.8.3 Strategic moves and developments of BAE Systems PLC.
6.9 Raytheon Company
6.9.1 Company overview
6.9.2 Business performance
6.9.3 Strategic moves and developments of Raytheon Company
6.10 Rheinmetall AG
6.10.1 Company overview
6.10.2 Business performance
6.10.3 Strategic moves and developments of Rheinmetall AG
Vetronics refers to vehicle electronics that enable military units to integrate various systems such as communication, command, and control, vehicle electronic warfare system, navigation system, vehicle protection systems, and surveillance system to streamline activities such as communication, navigation, surveillance, and vehicle health management.
Military units across the globe have focused on investing in solutions and systems to ensure significant improvement in military operations, and have an edge in the battlefield. Furthermore, increasing need for efficient combat management systems in the defense sector has encouraged prominent players offering military communication, command, and control systems to develop and offer advanced battlefield management systems for military applications. In addition, advancement in wireless communication technology has opened new opportunities for the market players. These factors are expected to drive the military communication, command, and control segment, registering the fastest CAGR during the forecast period. In addition, the vehicle electronic warfare system segment is projected to grow at the second highest CAGR during the forecast period, owing to the growing need for monitoring cross-border activities, identifying enemys weaknesses, and facilitating enhanced connectivity between central and remote vetronics systems.
Based on the geography, the vetronics market is segmented into four major regions, namely North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor in 2014, accounting for around 29% share of the overall vetronics market. The LAMEA vetronics market is projected to grow at the second highest CAGR of 5.3% during the forecast period.
The report features a competitive scenario of the overall vetronics market, and provides comprehensive analysis of key growth strategies adopted by major players. Prominent companies operating in the world vetronics market have adopted various strategies, such as product launch, partnership, collaboration, joint ventures, and others, to strengthen their market position and expand their market presence. Some of the key players operating in the vetronics market include Lockheed Martin Corporation, Leonardo-Finmeccanica S.p.a., Saab Group, Thales S.A., General Dynamics Corporation, Harris Corporation, Curtiss-Wright Corporation, BAE Systems PLC., Raytheon Company, and Rheinmetall AG.
Key findings of the Vetronics Market:
Military communication, command, and control segment dominated the vetronics market in 2014, and is expected to grow at the highest CAGR during the forecast period.
Among system types, the military communication, command, and control segment is projected to create significant growth opportunities for prominent players operating in the global market.
Among regions, the Asia-Pacific dominated the global market in 2014, and is expected to maintain this trend during 2016 - 2022.
Among countries, the US was the leading region in terms of spending on vetronics systems in 2014, followed by China. In addition, Germany, UK, Spain, and India are projected to provide significant opportunities for major players.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.