ūüďě  +1 (855) 661-4441(US)   ūüďě  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Military Vetronics Market Report Information by Platform (Tanks, Troop Carriers, UGVs, Amphibious Vehicles, Others), by System (Communication Navigation, Weapon, Power, Other Systems), by Fit (Line-Fit Retrofit) by Region Forecast to 2030

ID: MRFR/A&D/0920-CR | 105 Pages | Author: Sejal Akre| September 2016

Global Military Vetronics Market Overview 

Military Vetronics Market Size is Anticipated to grow USD 6.5 billion in 2030 at a CAGR of 4.66% in 2020-2030

Vetronics are a portmanteau of vehicle and electronics, extensively used for military domain.  These are vehicle gadgets, which empower military units to incorporate different frameworks like correspondence, order, and control; vehicle electronic fighting framework; route framework; vehicle assurance frameworks; and reconnaissance framework to smooth out exercises like correspondence, route, observation, and vehicle wellbeing management. A significant development in the car business is one of the key elements driving the development of the Market. Moreover, the expanding focal point of military and guard benefits on improving their situational mindfulness likewise gives a lift to the Military Vetronics Market development. 

Vetronics are the electronic parts related to vehicles that the safeguard associations chiefly work. These incorporate different frameworks that are utilized to improve battle capacity and situational attention to the tactical vehicles. Moreover, these frameworks are crucial in working on the adequacy of land vehicles and their job in an incorporated organization-driven fighting activity. With the rising demand for military Vetronics, it is expected that the Military Vetronics Market will develop at an effective rate during the estimated time frame. 

Factors like upgrading situational mindfulness in the war zone and rising frequencies of uneven and organization-driven fighting undoubtedly affect the Military Vetronics Market Outlook. Moreover, the ascent in guard consumption, particularly in arising economies and resulting interests in obtaining such frameworks, further lifts the market development in the future period. Be that as it may, factors, for example, tough guidelines and resulting delays in obtainment measures, thwart the market development partially. 

Central parts are enthused about offering an answer with upgrades in size, weight, and force SWaP highlights. In the meantime, rising fear-monger assaults and spotlight on counter activities and vehicle modernization programs being started by numerous nations worldwide set out promising development and offer multiple opportunities for the Military Vetronics Market in the forecasted period. These opportunities are helping in enhancing the market growth and development in the recent period. 

Covid-19 Analysis

The worldwide financial emergency hastened by the COVID-19 pandemic has constrained nations to reprioritize their spending. As per the World Bank, the world economy could recoil by 8% in 2020 if monetary emergencies in significant economies strengthen. The International Monetary Fund extends that yield from the Eurozone could decay by 10.2% in 2020, with recovery expected to start towards the end of 2025. In recent times, the covid-19 situation is getting in control due to which it is expected that the industries situation will get under control in the expected period. The Military Vetronics Market is expected to enhance its growth and development in the estimated future period.  

Market Dynamics 

Market drivers The Military Vetronics Market has enormous potential and normally develops over the estimated time of 2020 to 2025, inferable from the popularity of automated ethereal vehicles and robots. Moreover, the ascent in prerequisite of vetronics frameworks with expanded situational mindfulness and expansion in arms obtaining spending plan across the globe generally impacts the development of the Market. Likewise, the expansion in protection consumption, especially in arising economies and following interests in getting such frameworks, is one more driver expected to develop the market in the future estimated period. 

  • Market Restraints¬†

The markets of military vetronics, however, have certain restrictions. And these restrictions are relied upon to hinder the expected development of the Military Vetronics Market. For example, the high intercession of government bodies and ascends in danger of digital assaults, though the decrease in guard financial plan can challenge the development of the Market in the previously mentioned estimated time frame. 

  • Market Opportunities¬†

The quick mechanical advancements in C3 frameworks ascend in fear-monger assaults and spotlight on counter activities. The rapid change in pattern towards implanted frameworks is projected to offer different development opportunities for the Military Vetronics Market in the estimated time of 2020 to 2025. 

  • Market Growth

The advanced and updated technology is helping in the growth and development of the military vetronics market in the forecasted period. The market size is esteemed at USD 5,256.18 million by 2025 and is relied upon to develop at an accumulated yearly development pace of 2.80% over the estimated time of 2020 to 2025. According to the market research, different elements are expected to be pervasive throughout the estimated period while giving their effects available development. 

Market Segmentation

  • By Framework

The military vetronics market is divided into correspondence and route framework, weapon framework, power framework, and different frameworks based on the framework. The correspondence and route framework fragment is assessed to represent the biggest offer and is ready to extend at the most noteworthy CAGR during the estimated time frame. Powerful control can't be refined without two-way interchanges giving the important contact to practice appropriate order between strategic or key units. 

  • By Platform

Based on the platform, the Military Vetronics Market is divided into tanks and other reinforced vehicles, troop transporters and other military designing vehicles, automated ground vehicles, land and water capable vehicles, and different vehicles. The tanks and other shielded vehicles fragment represented the biggest portion of the overall industry. In contrast, the automated ground vehicles (UGVs) section is relied upon to be the quickest developing business sector during the audit time frame. UGVs are strategic advantages and lessen the quantity of dynamic staff conveyed in the combat zone, consequently upgrading security. This prompted the expanding interest for UGVs in the guard area by affecting the Military Vetronics Industry development. 

  • By Fit

Based on fit, the Military Vetronics Market is separated into two parts like line-fit and retrofit. The line-fit section represented the biggest piece of the pie, while the retrofit fragment is relied upon to be the quickest developing business sector during the audit time frame. Vetronics updates and retrofits are less exorbitant than acquiring a new reinforced vehicle in the current time of spending plan cuts. 

  • By Region

Based on the region, the Military Vetronics Market has been portioned into North America, Europe, Asia Pacific, and the Rest of the World. North America is relied upon to be the biggest market for military vetronics. The market across the globe is relied upon to ascend at an impressive speed during the estimated time frame because of a rising spotlight on vehicle modernization projects to upgrade the battle capacities. 

Regional analysis 

According to the regional market analysis, North America is assessed to represent the biggest portion in the Military Vetronics Market during the survey time frame. The North American area in this report incorporates the U.S. and Canada. Concentration by the U.S. Branch of Defense (DOD) on creating military vehicles in the new years has brought about the market seeing a critical flood popular around here. Besides, the current military tasks and activities in the Middle East nations will likewise bring about the U.S. zeroing in on creating vehicle frameworks as far as C3 abilities, which will additionally develop the extent of the Market in the area. 

Key Market Players

The major players of the Military Vetronics Market are mentioned below:

  • BAE Systems plc (U.K.)

  • Harris Corporation (U.S.)

  • Leonardo S.p.A (Italy)

  • General Dynamics Corporation (U.S.)

  • Rheinmetall AG (Germany)

  • Thales S.A. (France)

  • Curtiss-Wright Corporation (U.S.)

  • Raytheon Company (U.S.)

  • Lockheed Martin Corporation (U.S.)

  • Saab AB (Sweden)

Recent Development 

  • In February 2017, General Dynamics Land Systems marked an agreement worth USD 308 million with the Government of Canada to overhaul 141 Light Armored Vehicles to work on the vehicles' exhibition and survivability while diminishing their drawn-out support costs.¬†

  • In February 2017, BAE Systems marked an agreement worth USD 28.2 million with the U.S. Armed force to furnish them with 11 M88A2 Heavy Equipment Recovery Combat Utility Lift Evacuation System (HERCULES) vehicles related vetronics.¬†

Report Overview

  • Market overview highlights the global recognition of¬†Market Analysis¬†overview

  • ¬†Analysis based upon COVID 19

  • Explanation upon the¬†Market Outlook¬†Dynamics

  • Value chain analysis for the Market Report.

  • Market segmentation overview

  • The regional analysis of¬†Market Forecast¬†overview

  • Competitive landscape analysis

  • Recent Developments of¬†Market Trends

Report Attribute/Metric Details
  Market Size   USD 8.22 billion
  CAGR   3.68%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2019
  Forecast Units   USD ( Billion )
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Platform,By System,By Fit
  Geographies Covered   North America
  Key Vendors   BAE Systems plc (U.K.),Harris Corporation (U.S.),Leonardo SpA (Italy),General Dynamics Corporation (U.S.),Rheinmetall AG (Germany),Thales SA (France),Curtiss-Wright Corporation (U.S.),Raytheon Company (U.S.),Lockheed Martin Corporation (U.S.),Saab AB (Sweden)
  Key Market Opportunities   The quick mechanical advancements in C3 frameworks ascend in fear-monger assaults and spotlight on counter activities.
  Key Market Drivers   Automated Ethereal Vehicles & Robots

Frequently Asked Questions (FAQ) :

Military Vetronics Market at a CAGR of 4.66% in 2020-2030

Curtiss-Wright Corporation (U.S.), General Dynamics Corporation (U.S.), Harris Corporation (U.S.), are the prominent companies in the market.

The market is foreseen to create a desirable valuation by 2030.

The need to augment situational awareness on the battlefield will bolster global market development.

The North American region is estimated to take charge of the global market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.