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

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

  • March 2022
  • 230 pages
  • ID: 6286393
  • Format: PDF
  • Allied Market Research

Summary

Table of Contents

Vetronics Market By Platform (Homeland Security, Military), By Vehicle Type (Main Battle Tank, Light Combat Vehicles, Armored Personnel Carriers, Infantry Fighting Vehicle, Others), By System (Weapon and Control System, Command and Communication, Navigation and Display, Sensor and Optronics, Power System, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

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

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