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Vetronics Market By Platform, By Vehicle Type, By System: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 230 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640591
Description Jump to:
The vetronics system can be referred to as an electronics system that is integrated in a vehicle. Primarily this term is used in military and defense vertical. Vetronics system assist vehicle operators in a range of functions such as command, communication, navigation, surveillance, reconnaissance, and combat. New age vetronics system are now integrated with powerful processing units and integrated with cloud. Such integrations allow vetronics system to be more user friendly, responsive, and robust.

The report incorporates the study of the global vetronics market that focuses on redundant vehicle electronics system encompassing robust hardware and software interface to perform required operations. Military vetronics systems can be either line fit or retro-fit. In line fit, vehicle manufacturers integrate their pre-designated vetronics system within a set of military vehicles, whereas in retro-fit, the vetronics system are integrated in the aftermarket. Demand generated by defense organizations to integrate vetronics developed through open architecture to pave the way for future business opportunities.

Factors such as year-on-year rise in global defense budget expenditure, fueled by nations such as the U.S., Russia, China, and India, along with budget allocation toward acquisition and modernization of existing military vehicles is expected to drive the market in coming years. The total global military expenditure in 2020 was $1981 billion, which was 2.6% more as compared 2019. U.S., China, Russia, the UK, Germany, and India remains the highest market contributors. Rise in cross border conflicts at global level such as war situation between Russia and Ukraine and possible interference of NATO is anticipated to drive the business opportunities for the market.

The global vetronics market is segmented on the basis of platform, vehicle type, system, and region. By platform, it is divided into homeland security and military. By vehicle type, it is classified into main battle tank, light combat vehicles, armored personnel carriers, infantry fighting vehicles, and others. By system, it is divided into weapons & control system, command & communication, navigation & display, sensor & optronics, power systems, and others. By region, the market is analyzed across North, Europe, Asia-Pacific, and LAMEA.

Key players operating in the vetronics market include Thales Group, Curtiss-Wright Corporation, Saab Ab, General Dynamics Corporation, BAE Systems, Leonardo S.p.A., Rheinmetall AG, Raytheon Technologies Corporation, L3harris Technologies, Inc, and Lockheed Martin Corporation.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global vetronics market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall vetronics market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the global vetronics market with a detailed impact analysis.
  • The current vetronics market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments


By Vehicle Type

  • Main Battle Tank
  • Light Combat Vehicles
  • Armored Personnel Carriers
  • Infantry Fighting Vehicle
  • Others

By Platform

  • Homeland Security
  • Military

By System

  • Weapon and Control System
  • Command and Communication
  • Navigation and Display
  • Sensor and Optronics
  • Power System
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Rheinmetall AG
  • Raytheon Technologies Corporation
  • L3Harris Technologies, Inc.
  • Lockheed Martin Corporation
  • Thales Group
  • Curtiss-Wright Corporation
  • Saab Ab
  • General Dynamics Corporation
  • BAE Systems plc
  • Leonardo S.p.A

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
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. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: VETRONICS MARKET, BY PLATFORM
4.1 Overview
4.1.1 Market size and forecast
4.2 Homeland Security
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Military
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: VETRONICS MARKET, BY VEHICLE TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Main Battle Tank
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Light Combat Vehicles
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Armored Personnel Carriers
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Infantry Fighting Vehicle
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: VETRONICS MARKET, BY SYSTEM
6.1 Overview
6.1.1 Market size and forecast
6.2 Weapon and Control System
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Command and Communication
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Navigation and Display
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Sensor and Optronics
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Power System
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Others
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country
CHAPTER 7: VETRONICS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Platform
7.2.3 North America Market size and forecast, by Vehicle Type
7.2.4 North America Market size and forecast, by System
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Platform
7.2.5.1.2 Market size and forecast, by Vehicle Type
7.2.5.1.3 Market size and forecast, by System
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Platform
7.2.5.2.2 Market size and forecast, by Vehicle Type
7.2.5.2.3 Market size and forecast, by System
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Platform
7.2.5.3.2 Market size and forecast, by Vehicle Type
7.2.5.3.3 Market size and forecast, by System
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Platform
7.3.3 Europe Market size and forecast, by Vehicle Type
7.3.4 Europe Market size and forecast, by System
7.3.5 Europe Market size and forecast, by country
7.3.5.1 U.K.
7.3.5.1.1 Market size and forecast, by Platform
7.3.5.1.2 Market size and forecast, by Vehicle Type
7.3.5.1.3 Market size and forecast, by System
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Platform
7.3.5.2.2 Market size and forecast, by Vehicle Type
7.3.5.2.3 Market size and forecast, by System
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Platform
7.3.5.3.2 Market size and forecast, by Vehicle Type
7.3.5.3.3 Market size and forecast, by System
7.3.5.4 Russia
7.3.5.4.1 Market size and forecast, by Platform
7.3.5.4.2 Market size and forecast, by Vehicle Type
7.3.5.4.3 Market size and forecast, by System
7.3.5.5 Italy
7.3.5.5.1 Market size and forecast, by Platform
7.3.5.5.2 Market size and forecast, by Vehicle Type
7.3.5.5.3 Market size and forecast, by System
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Platform
7.3.5.6.2 Market size and forecast, by Vehicle Type
7.3.5.6.3 Market size and forecast, by System
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Platform
7.4.3 Asia-Pacific Market size and forecast, by Vehicle Type
7.4.4 Asia-Pacific Market size and forecast, by System
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Platform
7.4.5.1.2 Market size and forecast, by Vehicle Type
7.4.5.1.3 Market size and forecast, by System
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Platform
7.4.5.2.2 Market size and forecast, by Vehicle Type
7.4.5.2.3 Market size and forecast, by System
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Platform
7.4.5.3.2 Market size and forecast, by Vehicle Type
7.4.5.3.3 Market size and forecast, by System
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Platform
7.4.5.4.2 Market size and forecast, by Vehicle Type
7.4.5.4.3 Market size and forecast, by System
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Platform
7.4.5.5.2 Market size and forecast, by Vehicle Type
7.4.5.5.3 Market size and forecast, by System
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Platform
7.5.3 LAMEA Market size and forecast, by Vehicle Type
7.5.4 LAMEA Market size and forecast, by System
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Platform
7.5.5.1.2 Market size and forecast, by Vehicle Type
7.5.5.1.3 Market size and forecast, by System
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Platform
7.5.5.2.2 Market size and forecast, by Vehicle Type
7.5.5.2.3 Market size and forecast, by System
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Platform
7.5.5.3.2 Market size and forecast, by Vehicle Type
7.5.5.3.3 Market size and forecast, by System
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Rheinmetall AG
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Raytheon Technologies Corporation
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 L3Harris Technologies, Inc.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Lockheed Martin Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Thales Group
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Curtiss-Wright Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Saab Ab
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 General Dynamics Corporation
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 BAE Systems plc
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Leonardo S.p.A
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Vetronics Market, by Platform, 2020-2030, ($Million)
Table 2. Vetronics Market Revenue, for Homeland Security, by Region, 2020-2030, ($Million)
Table 3. Vetronics Market Homeland Security by Country, 2020-2030, ($Million)
Table 4. Vetronics Market Revenue, for Military, by Region, 2020-2030, ($Million)
Table 5. Vetronics Market Military by Country, 2020-2030, ($Million)
Table 6. Global Vetronics Market, by Vehicle Type, 2020-2030, ($Million)
Table 7. Vetronics Market Revenue, for Main Battle Tank, by Region, 2020-2030, ($Million)
Table 8. Vetronics Market Main Battle Tank by Country, 2020-2030, ($Million)
Table 9. Vetronics Market Revenue, for Light Combat Vehicles, by Region, 2020-2030, ($Million)
Table 10. Vetronics Market Light Combat Vehicles by Country, 2020-2030, ($Million)
Table 11. Vetronics Market Revenue, for Armored Personnel Carriers, by Region, 2020-2030, ($Million)
Table 12. Vetronics Market Armored Personnel Carriers by Country, 2020-2030, ($Million)
Table 13. Vetronics Market Revenue, for Infantry Fighting Vehicle, by Region, 2020-2030, ($Million)
Table 14. Vetronics Market Infantry Fighting Vehicle by Country, 2020-2030, ($Million)
Table 15. Vetronics Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 16. Vetronics Market Others by Country, 2020-2030, ($Million)
Table 17. Global Vetronics Market, by System, 2020-2030, ($Million)
Table 18. Vetronics Market Revenue, for Weapon and Control System, by Region, 2020-2030, ($Million)
Table 19. Vetronics Market Weapon and Control System by Country, 2020-2030, ($Million)
Table 20. Vetronics Market Revenue, for Command and Communication, by Region, 2020-2030, ($Million)
Table 21. Vetronics Market Command and Communication by Country, 2020-2030, ($Million)
Table 22. Vetronics Market Revenue, for Navigation and Display, by Region, 2020-2030, ($Million)
Table 23. Vetronics Market Navigation and Display by Country, 2020-2030, ($Million)
Table 24. Vetronics Market Revenue, for Sensor and Optronics, by Region, 2020-2030, ($Million)
Table 25. Vetronics Market Sensor and Optronics by Country, 2020-2030, ($Million)
Table 26. Vetronics Market Revenue, for Power System, by Region, 2020-2030, ($Million)
Table 27. Vetronics Market Power System by Country, 2020-2030, ($Million)
Table 28. Vetronics Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 29. Vetronics Market Others by Country, 2020-2030, ($Million)
Table 30. Vetronics Market, by Region, 2020-2030, ($Million)
Table 31. North America Vetronics Market, by Platform, 2020-2030, ($Million)
Table 32. North America Vetronics Market, by Vehicle Type, 2020-2030, ($Million)
Table 33. North America Vetronics Market, by System, 2020-2030, ($Million)
Table 34. North America Vetronics Market, by Country, 2020-2030, ($Million)
Table 35. U.S. Vetronics Market by Platform 2020-2030, ($Million)
Table 36. U.S. Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 37. U.S. Vetronics Market by System 2020-2030, ($Million)
Table 38. Canada Vetronics Market by Platform 2020-2030, ($Million)
Table 39. Canada Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 40. Canada Vetronics Market by System 2020-2030, ($Million)
Table 41. Mexico Vetronics Market by Platform 2020-2030, ($Million)
Table 42. Mexico Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 43. Mexico Vetronics Market by System 2020-2030, ($Million)
Table 44. Europe Vetronics Market, by Platform, 2020-2030, ($Million)
Table 45. Europe Vetronics Market, by Vehicle Type, 2020-2030, ($Million)
Table 46. Europe Vetronics Market, by System, 2020-2030, ($Million)
Table 47. Europe Vetronics Market, by Country, 2020-2030, ($Million)
Table 48. U.K. Vetronics Market by Platform 2020-2030, ($Million)
Table 49. U.K. Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 50. U.K. Vetronics Market by System 2020-2030, ($Million)
Table 51. Germany Vetronics Market by Platform 2020-2030, ($Million)
Table 52. Germany Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 53. Germany Vetronics Market by System 2020-2030, ($Million)
Table 54. France Vetronics Market by Platform 2020-2030, ($Million)
Table 55. France Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 56. France Vetronics Market by System 2020-2030, ($Million)
Table 57. Russia Vetronics Market by Platform 2020-2030, ($Million)
Table 58. Russia Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 59. Russia Vetronics Market by System 2020-2030, ($Million)
Table 60. Italy Vetronics Market by Platform 2020-2030, ($Million)
Table 61. Italy Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 62. Italy Vetronics Market by System 2020-2030, ($Million)
Table 63. Rest of Europe Vetronics Market by Platform 2020-2030, ($Million)
Table 64. Rest of Europe Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 65. Rest of Europe Vetronics Market by System 2020-2030, ($Million)
Table 66. Asia-Pacific Vetronics Market, by Platform, 2020-2030, ($Million)
Table 67. Asia-Pacific Vetronics Market, by Vehicle Type, 2020-2030, ($Million)
Table 68. Asia-Pacific Vetronics Market, by System, 2020-2030, ($Million)
Table 69. Asia-Pacific Vetronics Market, by Country, 2020-2030, ($Million)
Table 70. China Vetronics Market by Platform 2020-2030, ($Million)
Table 71. China Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 72. China Vetronics Market by System 2020-2030, ($Million)
Table 73. Japan Vetronics Market by Platform 2020-2030, ($Million)
Table 74. Japan Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 75. Japan Vetronics Market by System 2020-2030, ($Million)
Table 76. India Vetronics Market by Platform 2020-2030, ($Million)
Table 77. India Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 78. India Vetronics Market by System 2020-2030, ($Million)
Table 79. Australia Vetronics Market by Platform 2020-2030, ($Million)
Table 80. Australia Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 81. Australia Vetronics Market by System 2020-2030, ($Million)
Table 82. Rest of Asia-Pacific Vetronics Market by Platform 2020-2030, ($Million)
Table 83. Rest of Asia-Pacific Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 84. Rest of Asia-Pacific Vetronics Market by System 2020-2030, ($Million)
Table 85. LAMEA Vetronics Market, by Platform, 2020-2030, ($Million)
Table 86. LAMEA Vetronics Market, by Vehicle Type, 2020-2030, ($Million)
Table 87. LAMEA Vetronics Market, by System, 2020-2030, ($Million)
Table 88. LAMEA Vetronics Market, by Country, 2020-2030, ($Million)
Table 89. Latin America Vetronics Market by Platform 2020-2030, ($Million)
Table 90. Latin America Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 91. Latin America Vetronics Market by System 2020-2030, ($Million)
Table 92. Middle East Vetronics Market by Platform 2020-2030, ($Million)
Table 93. Middle East Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 94. Middle East Vetronics Market by System 2020-2030, ($Million)
Table 95. Africa Vetronics Market by Platform 2020-2030, ($Million)
Table 96. Africa Vetronics Market by Vehicle Type 2020-2030, ($Million)
Table 97. Africa Vetronics Market by System 2020-2030, ($Million)
Table 98. Rheinmetall Ag: Company Snapshot
Table 99. Rheinmetall Ag: Operating Segments
Table 100. Rheinmetall Ag: Product Portfolio
Table 101. Rheinmetall Ag: Net Sales
Table 102. Rheinmetall Ag: Key Stratergies
Table 103. Raytheon Technologies Corporation: Company Snapshot
Table 104. Raytheon Technologies Corporation: Operating Segments
Table 105. Raytheon Technologies Corporation: Product Portfolio
Table 106. Raytheon Technologies Corporation: Net Sales
Table 107. Raytheon Technologies Corporation: Key Stratergies
Table 108. L3Harris Technologies, Inc.: Company Snapshot
Table 109. L3Harris Technologies, Inc.: Operating Segments
Table 110. L3Harris Technologies, Inc.: Product Portfolio
Table 111. L3Harris Technologies, Inc.: Net Sales
Table 112. L3Harris Technologies, Inc.: Key Stratergies
Table 113. Lockheed Martin Corporation: Company Snapshot
Table 114. Lockheed Martin Corporation: Operating Segments
Table 115. Lockheed Martin Corporation: Product Portfolio
Table 116. Lockheed Martin Corporation: Net Sales
Table 117. Lockheed Martin Corporation: Key Stratergies
Table 118. Thales Group: Company Snapshot
Table 119. Thales Group: Operating Segments
Table 120. Thales Group: Product Portfolio
Table 121. Thales Group: Net Sales
Table 122. Thales Group: Key Stratergies
Table 123. Curtiss-Wright Corporation: Company Snapshot
Table 124. Curtiss-Wright Corporation: Operating Segments
Table 125. Curtiss-Wright Corporation: Product Portfolio
Table 126. Curtiss-Wright Corporation: Net Sales
Table 127. Curtiss-Wright Corporation: Key Stratergies
Table 128. Saab Ab: Company Snapshot
Table 129. Saab Ab: Operating Segments
Table 130. Saab Ab: Product Portfolio
Table 131. Saab Ab: Net Sales
Table 132. Saab Ab: Key Stratergies
Table 133. General Dynamics Corporation: Company Snapshot
Table 134. General Dynamics Corporation: Operating Segments
Table 135. General Dynamics Corporation: Product Portfolio
Table 136. General Dynamics Corporation: Net Sales
Table 137. General Dynamics Corporation: Key Stratergies
Table 138. Bae Systems plc: Company Snapshot
Table 139. Bae Systems plc: Operating Segments
Table 140. Bae Systems plc: Product Portfolio
Table 141. Bae Systems plc: Net Sales
Table 142. Bae Systems plc: Key Stratergies
Table 143. Leonardo S.P.A: Company Snapshot
Table 144. Leonardo S.P.A: Operating Segments
Table 145. Leonardo S.P.A: Product Portfolio
Table 146. Leonardo S.P.A: Net Sales
Table 147. Leonardo S.P.A: Key Stratergies
LIST OF FIGURES
Figure 1. Vetronics Market Segmentation
Figure 2. Vetronics Market, 2020-2030
Figure 3. Vetronics Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Vetronics Market:Drivers, Restraints and Opportunities
Figure 11. Vetronics Market, by Platform, 2020 (%)
Figure 12. Comparative Share Analysis of Homeland Security Vetronics Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Military Vetronics Market, 2020-2030 (%)
Figure 14. Vetronics Market, by Vehicle Type, 2020 (%)
Figure 15. Comparative Share Analysis of Main Battle Tank Vetronics Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Light Combat Vehicles Vetronics Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Armored Personnel Carriers Vetronics Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Infantry Fighting Vehicle Vetronics Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Others Vetronics Market, 2020-2030 (%)
Figure 20. Vetronics Market, by System, 2020 (%)
Figure 21. Comparative Share Analysis of Weapon and Control System Vetronics Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Command and Communication Vetronics Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Navigation and Display Vetronics Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Sensor and Optronics Vetronics Market, 2020-2030 (%)
Figure 25. Comparative Share Analysis of Power System Vetronics Market, 2020-2030 (%)
Figure 26. Comparative Share Analysis of Others Vetronics Market, 2020-2030 (%)
Figure 27. Vetronics Market by Region, 2020
Figure 28. U.S. Vetronics Market, 2020-2030 ($Million)
Figure 29. Canada Vetronics Market, 2020-2030 ($Million)
Figure 30. Mexico Vetronics Market, 2020-2030 ($Million)
Figure 31. U.K. Vetronics Market, 2020-2030 ($Million)
Figure 32. Germany Vetronics Market, 2020-2030 ($Million)
Figure 33. France Vetronics Market, 2020-2030 ($Million)
Figure 34. Russia Vetronics Market, 2020-2030 ($Million)
Figure 35. Italy Vetronics Market, 2020-2030 ($Million)
Figure 36. Rest of Europe Vetronics Market, 2020-2030 ($Million)
Figure 37. China Vetronics Market, 2020-2030 ($Million)
Figure 38. Japan Vetronics Market, 2020-2030 ($Million)
Figure 39. India Vetronics Market, 2020-2030 ($Million)
Figure 40. Australia Vetronics Market, 2020-2030 ($Million)
Figure 41. Rest of Asia-Pacific Vetronics Market, 2020-2030 ($Million)
Figure 42. Latin America Vetronics Market, 2020-2030 ($Million)
Figure 43. Middle East Vetronics Market, 2020-2030 ($Million)
Figure 44. Africa Vetronics Market, 2020-2030 ($Million)
Figure 45. Top Winning Strategies, by Year
Figure 46. Top Winning Strategies, by Development
Figure 47. Top Winning Strategies, by Company
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap of Top 10 Key Players
Figure 51. Rheinmetall AG.: Net Sales, ($Million)
Figure 52. Raytheon Technologies Corporation.: Net Sales, ($Million)
Figure 53. L3Harris Technologies, Inc. Net Sales, ($Million)
Figure 54. Lockheed Martin Corporation.: Net Sales, ($Million)
Figure 55. Thales Group.: Net Sales, ($Million)
Figure 56. Curtiss-Wright Corporation.: Net Sales, ($Million)
Figure 57. Saab Ab.: Net Sales, ($Million)
Figure 58. General Dynamics Corporation.: Net Sales, ($Million)
Figure 59. Bae Systems PLC.: Net Sales, ($Million)
Figure 60. Leonardo S.P.A.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Vetronics Market,' the vetronics market was valued at $4.2 billion in 2020, and is estimated to reach $6.5 billion by 2030, growing at a CAGR of 4.67% from 2021 to 2030.

Asia-Pacific dominated the vetronics market, in terms of growth, followed by North America, Europe, and LAMEA. U.S. dominated the market share in 2020, whereas China is expected to grow at a significant rate in during the forecast period.

The vetronics industry holds great potential in the future, owing to rise in the global military expenditure. Large scale modernization contracts and integration of unmanned vehicles in battle fleet will serve as a major market accelerator. Countries such as the U.S., Russia and China has already announced integration of unmanned vehicles in their operational fleet between 2025 and 2030. Such integrations will demand comprehensive navigation, command and communication system, generation business potential to the vetronics market.

In addition, the rise in reliance of defense organizations towards acquisition, and analysis of data collected by sensors and optronics during active mission has allowed industry players to improve their product offering within respective domains. Companies like Thales Group. L3Harris Technologies and Curtiss-Wright Corporation are increasing their investment towards research & development to introduce novel products through their patented technologies and establish vetronics market dominance. For instance, a number of patents such as Nightvision with integrated micro-display module, Closed-loop transmission rate control, Power and rate control algorithm for multi-antenna communication links in a mesh network, and Method and tool to quantify the enterprise consequences of cyber risk among others within the field of optronics, navigation and communication were granted to L3Harris between 2019 and 2020. These patents will allow the company to expand their product offering with the market along with continuing business monopoly.

By platform, the market is categorized into homeland security, and military. The homeland security market is forecasted to exhibit lucrative growth rate in North America and Europe, whereas the military segment is expected to witness a higher growth rate in Asia-Pacific in the coming years. The vehicle type segment encompass main battle tank, light combat vehicles, armored personnel carriers, infantry fighting vehicle, and others. The main battle tank segment is expected to witness highest vetronics industry share in the coming years backed up by multiple modernization contract within the segment. In December 2020, General Dynamics received the contract worth $4.6 billion from the U.S. Army to integrate latest configuration of latest configuration of Abrams Main Battle Tanks. The system segment accounted for weapons & control system, command & communication, navigation & display, sensors & optronics, power system and others. The command & communication segment is expected to grow at a notable rate over coming years.

Factors such as year on year rise in global defense budget expenditure, fueled by nations such as U.S., Russia, China and India, along with budget allocation towards acquisition and modernization of existing military vehicles to drive the market in coming years. The total global military expenditure in 2020 was estimated to be $1981 billion which is 2.6% more as compared to the previous year. The U.S., China, Russia, UK, Germany, and India remains the highest market contributors. The rise in cross border conflicts at global level such as war situation between Russia and Ukraine as of March 2020 and possible interference of NATO will drive the business opportunities in the market within the forecast timeframe.

Key findings of the Study

  • By platform, the military segment is expected to lead the market during the forecast period.
  • By vehicle type, the main battle tank segment is expected to lead the market during the forecast period.
  • By system, the weapon & control system segment is expected to grow at a lucrative growth rate during the forecast period.
  • Asia-Pacific is anticipated to exhibit highest CAGR during the forecast period.
  • Key players operating in the vetronics market are Thales Group, Curtiss-Wright Corporation, Saab Ab, General Dynamics Corporation, BAE Systems, Leonardo S.p.A., Rheinmetall AG, Raytheon Technologies Corporation, L3harris Technologies, Inc, and Lockheed Martin Corporation.

Companies Mentioned

  • Rheinmetall AG
  • Raytheon Technologies Corporation
  • L3Harris Technologies, Inc.
  • Lockheed Martin Corporation
  • Thales Group
  • Curtiss-Wright Corporation
  • Saab Ab
  • General Dynamics Corporation
  • BAE Systems plc
  • Leonardo S.p.A

Methodology

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.

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