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PUBLISHER: IMARC | PRODUCT CODE: 1370233
PUBLISHER: IMARC | PRODUCT CODE: 1370233
Vetronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview:
The global vetronics market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.78% during 2023-2028.
Vetronics, or vehicle electronics, refers to the collection of various electronic subsystems within an automobile. It is primarily used by military units to integrate systems, such as communication, command, navigation, surveillance and vehicle health management. It consists of various automotive electronic technologies, such as autonomous driving, sensors and secure communications systems. These systems are integrated with battle tanks, and light-protected, armored and infantry fighting vehicles. They are also equipped with sophisticated technologies, such as HD video calling, advanced threat detection sensors, high bandwidth networking and portable power systems.
Significant growth in the automotive industry is one of the key factors driving the growth of the market. Furthermore, the increasing focus of military and defense services on enhancing their situational awareness is also providing a boost to the market growth. Owing to the rising concerns regarding geopolitical unrest and cross-border security, along with increasing instances of border breaching, there is widespread adoption of vetronics for improving inter- and intra-vehicle communications, surveillance and navigation. Additionally, various technological advancements, including the emergence of wireless communications technology and increasing modernization of military vehicles, are also creating a positive impact on the market. For instance, unmanned vehicles (UMV) and drones are used for surveillance purposes, along with various commercial applications, such as capturing images and videos of sporting events and cityscapes. Other factors, including the availability of cost-effective components and increasing government investments in the defense sector, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vetronics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application, vehicle type, subsystem and fit.
Breakup by Application:
Defense
Homeland Security
Breakup by Vehicle Type:
Main Battle Tanks
Light Protected Vehicles
Amphibious Armoured Vehicles
Mine Resistant Ambush Protected (MRAP) Vehicles
Infantry Fighting Vehicles
Armored Personnel Carriers
Others
Breakup by Subsystem:
Navigation Systems
Observation and Display Systems
C3 Systems
Weapon Control Systems
Sensor and Control Systems
Vehicle Protection Systems
Power Systems
Others
Breakup by Fit:
Line-Fit
Retrofit
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being BAE Systems PLC, Curtiss-Wright Corporation, General Dynamics Corporation, Harris Corporation, Leonardo-Finmeccanica S.P.A, Lockheed Martin Corporation, Raytheon Company, Rheinmetall AG, Saab Group, Thales Group, etc.
Key Questions Answered in This Report:
- How has the global vetronics market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global vetronics market?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the subsystem?
- What is the breakup of the market based on the fit?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global vetronics market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2137
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Vetronics Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Application
- 6.1 Defense
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Homeland Security
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Vehicle Type
- 7.1 Main Battle Tanks
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Light Protected Vehicles
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Amphibious Armoured Vehicles
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Mine Resistant Ambush Protected (MRAP) Vehicles
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Infantry Fighting Vehicles
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Armored Personnel Carriers
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Others
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
8 Market Breakup by Subsystem
- 8.1 Navigation Systems
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Observation and Display Systems
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 C3 Systems
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Weapon Control Systems
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Sensor and Control Systems
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Vehicle Protection Systems
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Power Systems
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 8.8 Others
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
9 Market Breakup by Fit
- 9.1 Line-Fit
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Retrofit
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Price Indicators
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 BAE Systems PLC
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Curtiss-Wright Corporation
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 General Dynamics Corporation
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Harris Corporation
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Leonardo-Finmeccanica S.P.A
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Lockheed Martin Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Raytheon Company
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Rheinmetall AG
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Saab Group
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Thales Group
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.1 BAE Systems PLC
Product Code: SR112023A2137
List of Figures
- Figure 1: Global: Vetronics Market: Major Drivers and Challenges
- Figure 2: Global: Vetronics Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Vetronics Market: Breakup by Application (in %), 2022
- Figure 4: Global: Vetronics Market: Breakup by Vehicle Type (in %), 2022
- Figure 5: Global: Vetronics Market: Breakup by Subsystem (in %), 2022
- Figure 6: Global: Vetronics Market: Breakup by Fit (in %), 2022
- Figure 7: Global: Vetronics Market: Breakup by Region (in %), 2022
- Figure 8: Global: Vetronics Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Vetronics (Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Vetronics (Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Vetronics (Homeland Security) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Vetronics (Homeland Security) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Vetronics (Main Battle Tanks) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Vetronics (Main Battle Tanks) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Vetronics (Light Protected Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Vetronics (Light Protected Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Vetronics (Amphibious Armoured Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Vetronics (Amphibious Armoured Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Vetronics (Mine Resistant Ambush Protected Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Vetronics (Mine Resistant Ambush Protected Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Vetronics (Infantry Fighting Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Vetronics (Infantry Fighting Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Vetronics (Armored Personnel Carriers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Vetronics (Armored Personnel Carriers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Vetronics (Other Vehicle Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Vetronics (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Vetronics (Navigation Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Vetronics (Navigation Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Vetronics (Observation and Display Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Vetronics (Observation and Display Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Vetronics (C3 Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Vetronics (C3 Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Vetronics (Weapon Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Vetronics (Weapon Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Vetronics (Sensor and Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Vetronics (Sensor and Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Vetronics (Vehicle Protection Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Vetronics (Vehicle Protection Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Vetronics (Power Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Vetronics (Power Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Vetronics (Other Subsystems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Vetronics (Other Subsystems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Global: Vetronics (Line-Fit) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Global: Vetronics (Line-Fit) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Global: Vetronics (Retrofit) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Global: Vetronics (Retrofit) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: North America: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: North America: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: United States: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: United States: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Canada: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Canada: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Asia Pacific: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Asia Pacific: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: China: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: China: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Japan: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Japan: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: India: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: India: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: South Korea: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: South Korea: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Australia: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Australia: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Indonesia: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Indonesia: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Europe: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Europe: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Germany: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Germany: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: France: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: France: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: United Kingdom: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: United Kingdom: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Italy: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Italy: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Spain: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Spain: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Russia: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Russia: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Others: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Others: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Latin America: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Latin America: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Brazil: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Brazil: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Mexico: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Mexico: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 91: Others: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 92: Others: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 93: Middle East and Africa: Vetronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 94: Middle East and Africa: Vetronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 95: Global: Vetronics Industry: SWOT Analysis
- Figure 96: Global: Vetronics Industry: Value Chain Analysis
- Figure 97: Global: Vetronics Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Vetronics Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Vetronics Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 3: Global: Vetronics Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 4: Global: Vetronics Market Forecast: Breakup by Subsystem (in Million US$), 2023-2028
- Table 5: Global: Vetronics Market Forecast: Breakup by Fit (in Million US$), 2023-2028
- Table 6: Global: Vetronics Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Vetronics Market: Competitive Structure
- Table 8: Global: Vetronics Market: Key Players
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