PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1125341
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1125341
Global Vetronics Market Size study, By Platform, By Vehicle Type, By System, and Regional Forecasts 2022-2028
Global Vetronics Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.
The Vetronics can be defined as a Vetronics instantiation of an electronic systems installed on a vehicle that controls different functions such as communication, navigation, and weapons. Vetronics systems come in two formats named line fit and retro fit. In line fit, the vehicle manufacturer integrates predesigned Vetronics systems on a vehicle. Whereas, in retro fit the Vetronics systems are integrated in the aftermarket setup. The growing Military expenditure worldwide and rising concern over cross border conflicts as well as recent favorable government initiatives are factors that are accelerating the global market demand. For instance, according to Stockholm International Peace Research Institute (SIPRI) estimates - during 2020, the military spending worldwide was estimated at USD 1981 billion, and the global military expenditure increased to USD 2113 billion in 2021. During 2021, U.S. emerged as highest spender with a defense spending of USD 801 billion. Whereas, China and India emerged as second and third highest spenders with a defense spending of USD 293 billion, and USD 76.6 billion respectively. Furthermore, favorable initiatives from government authorities would influence the growth of Vetronics Market. For instance, in Feb 2019, The U.S. Army awarded a contract of USD 575 million to BAE Systems for low-rate initial production of Armored Multi-Purpose Vehicles (AMPV). Moreover, in March 2021, Ministry of Defence (MoD), Government of India signed a contract with Mahindra Defence Systems (MDSL) for supply of 1,300 Light Specialist Vehicles to the Indian Army. Also, growing research and development activities towards Vetronics Systems and increasing demand for advanced Armored Vehicles are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high cost associated with Vetronics solutions and defense budget cuts from as well as rising threat of cyber-attacks impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Vetronics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing defence spending and presence of leading market players. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of defense sector and increasing penetration of leading market players in the region, would create lucrative growth prospects for the global Vetronics Market across the Asia Pacific region.
Major market players included in this report are:
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
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Platform
Homeland Security
Military
By Vehicle Type
Main Battle Tank
Light Combat Vehicles
Armored Personnel Carriers
Infantry Fighting Vehicle
By System
Weapon and Control System
Command and Communication
Navigation and Display
Sensor and Optronics
Power System
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Vetronics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Global Vetronics Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Global Vetronics Market, by Platform, 2020-2028 (USD Million)
- 1.2.3. Global Vetronics Market, by Vehicle Type, 2020-2028 (USD Million)
- 1.2.4. Global Vetronics Market, by System, 2020-2028 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Vetronics Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Vetronics Market Dynamics
- 3.1. Vetronics Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing Military expenditure worldwide.
- 3.1.1.2. Rising concern over cross border conflicts.
- 3.1.1.3. Recent favourable government initiatives.
- 3.1.2. Market Challenges
- 3.1.2.1. High cost associated with Vetronics solutions.
- 3.1.2.2. Defense budget cuts
- 3.1.2.3. Rising threat of cyber attacks
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing research and development activities towards Vetronics Systems
- 3.1.3.2. Increasing demand for advanced Armored Vehicles.
- 3.1.1. Market Drivers
Chapter 4. Global Vetronics Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Vetronics Market, by Platform
- 6.1. Market Snapshot
- 6.2. Global Vetronics Market by Platform, Performance - Potential Analysis
- 6.3. Global Vetronics Market Estimates & Forecasts by Platform 2018-2028 (USD Million)
- 6.4. Vetronics Market, Sub Segment Analysis
- 6.4.1. Homeland Security
- 6.4.2. Military
Chapter 7. Global Vetronics Market, by Vehicle Type
- 7.1. Market Snapshot
- 7.2. Global Vetronics Market by Vehicle Type, Performance - Potential Analysis
- 7.3. Global Vetronics Market Estimates & Forecasts by Vehicle Type 2018-2028 (USD Million)
- 7.4. Vetronics Market, Sub Segment Analysis
- 7.4.1. Main Battle Tank
- 7.4.2. Light Combat Vehicles
- 7.4.3. Armored Personnel Carriers
- 7.4.4. Infantry Fighting Vehicle
Chapter 8. Global Vetronics Market, by System
- 8.1. Market Snapshot
- 8.2. Global Vetronics Market by System, Performance - Potential Analysis
- 8.3. Global Vetronics Market Estimates & Forecasts by System 2018-2028 (USD Million)
- 8.4. Vetronics Market, Sub Segment Analysis
- 8.4.1. Weapon and Control System
- 8.4.2. Command and Communication
- 8.4.3. Navigation and Display
- 8.4.4. Sensor and Optronics
- 8.4.5. Power System
Chapter 9. Global Vetronics Market, Regional Analysis
- 9.1. Vetronics Market, Regional Market Snapshot
- 9.2. North America Vetronics Market
- 9.2.1. U.S. Vetronics Market
- 9.2.1.1. Platform estimates & forecasts, 2018-2028
- 9.2.1.2. Vehicle Type estimates & forecasts, 2018-2028
- 9.2.1.3. System estimates & forecasts, 2018-2028
- 9.2.2. Canada Vetronics Market
- 9.2.1. U.S. Vetronics Market
- 9.3. Europe Vetronics Market Snapshot
- 9.3.1. U.K. Vetronics Market
- 9.3.2. Germany Vetronics Market
- 9.3.3. France Vetronics Market
- 9.3.4. Spain Vetronics Market
- 9.3.5. Italy Vetronics Market
- 9.3.6. Rest of Europe Vetronics Market
- 9.4. Asia-Pacific Vetronics Market Snapshot
- 9.4.1. China Vetronics Market
- 9.4.2. India Vetronics Market
- 9.4.3. Japan Vetronics Market
- 9.4.4. Australia Vetronics Market
- 9.4.5. South Korea Vetronics Market
- 9.4.6. Rest of Asia Pacific Vetronics Market
- 9.5. Latin America Vetronics Market Snapshot
- 9.5.1. Brazil Vetronics Market
- 9.5.2. Mexico Vetronics Market
- 9.6. Rest of The World Vetronics Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Rheinmetall AG
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Raytheon Technologies Corporation
- 10.2.3. L3Harris Technologies, Inc.
- 10.2.4. Lockheed Martin Corporation
- 10.2.5. Thales Group
- 10.2.6. Curtiss-Wright Corporation
- 10.2.7. Saab Ab
- 10.2.8. General Dynamics Corporation
- 10.2.9. BAE Systems plc
- 10.2.10. Leonardo S.p.A
- 10.2.1. Rheinmetall AG
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Vetronics Market, report scope
- TABLE 2. Global Vetronics Market estimates & forecasts by Region 2018-2028 (USD Million)
- TABLE 3. Global Vetronics Market estimates & forecasts by Platform 2018-2028 (USD Million)
- TABLE 4. Global Vetronics Market estimates & forecasts by Vehicle Type 2018-2028 (USD Million)
- TABLE 5. Global Vetronics Market estimates & forecasts by System 2018-2028 (USD Million)
- TABLE 6. Global Vetronics Market by segment, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 7. Global Vetronics Market by region, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 8. Global Vetronics Market by segment, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 9. Global Vetronics Market by region, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 10. Global Vetronics Market by segment, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 11. Global Vetronics Market by region, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 12. Global Vetronics Market by segment, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 13. Global Vetronics Market by region, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 14. Global Vetronics Market by segment, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 15. Global Vetronics Market by region, estimates & forecasts, 2018-2028 (USD Million)
- TABLE 16. U.S. Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 17. U.S. Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 18. U.S. Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 19. Canada Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 20. Canada Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 21. Canada Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 22. UK Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 23. UK Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 24. UK Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 25. Germany Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 26. Germany Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 27. Germany Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 28. RoE Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 29. RoE Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 30. RoE Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 31. China Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 32. China Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 33. China Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 34. India Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 35. India Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 36. India Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 37. Japan Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 38. Japan Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 39. Japan Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 40. RoAPAC Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 41. RoAPAC Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 42. RoAPAC Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 43. Brazil Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 44. Brazil Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 45. Brazil Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 46. Mexico Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 47. Mexico Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 48. Mexico Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 49. RoLA Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 50. RoLA Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 51. RoLA Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 52. Row Vetronics Market estimates & forecasts, 2018-2028 (USD Million)
- TABLE 53. Row Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 54. Row Vetronics Market estimates & forecasts by segment 2018-2028 (USD Million)
- TABLE 55. List of secondary sources, used in the study of global Vetronics Market
- TABLE 56. List of primary sources, used in the study of global Vetronics Market
- TABLE 57. Years considered for the study
- TABLE 58. Exchange rates considered
LIST OF FIGURES
List of figures
- FIG 1. Global Vetronics Market, research methodology
- FIG 2. Global Vetronics Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Vetronics Market, key trends 2021
- FIG 5. Global Vetronics Market, growth prospects 2022-2028
- FIG 6. Global Vetronics Market, porters 5 force model
- FIG 7. Global Vetronics Market, pest analysis
- FIG 8. Global Vetronics Market, value chain analysis
- FIG 9. Global Vetronics Market by segment, 2018 & 2028 (USD Million)
- FIG 10. Global Vetronics Market by segment, 2018 & 2028 (USD Million)
- FIG 11. Global Vetronics Market by segment, 2018 & 2028 (USD Million)
- FIG 12. Global Vetronics Market by segment, 2018 & 2028 (USD Million)
- FIG 13. Global Vetronics Market by segment, 2018 & 2028 (USD Million)
- FIG 14. Global Vetronics Market, regional snapshot 2018 & 2028
- FIG 15. North America Vetronics Market 2018 & 2028 (USD Million)
- FIG 16. Europe Vetronics Market 2018 & 2028 (USD Million)
- FIG 17. Asia pacific Market 2018 & 2028 (USD Million)
- FIG 18. Latin America Vetronics Market 2018 & 2028 (USD Million)
- FIG 19. Global Vetronics Market, company Market share analysis (2021)
