Market Overview:
The global military vetronics market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for advanced and reliable vetronics systems from militaries across the globe. Additionally, the increasing focus on enhancing situational awareness and battlefield management capabilities among militaries is also contributing to the growth of this market. The control and data distribution systems segment is expected to account for the largest share of the global military vetronics market in 2018. This segment includes various types of systems such as command and control (C2) systems, mission planning systems, intelligence gathering and reconnaissance (IG&R) systems, etc., which are used for collecting and distributing information between different elements of a military system. The display systems segment is projected to grow at the highest CAGR during the forecast period owing to rising demand for advanced displays with high-resolution images that can provide enhanced situational awareness in combat environments.
Product Definition:
Military Vetronics is a term used to describe the electronic systems used by the military. These systems can include communications, navigation, and surveillance systems, as well as radar and weapons control systems. The importance of Military Vetronics cannot be overstated. These systems are essential for enabling troops to communicate and coordinate their activities, navigate safely in hostile environments, and effectively engage enemy targets.
Control and Data Distribution Systems:
Control and data distribution systems (CDx) are used in military vetronics market to connect various devices such as Global Positioning System (GPS), Advanced Driver Assistance Systems (ADAS), and other sensors. Control and data distribution system helps in monitoring, controlling, & coordinating the activities of a group of equipment or people working at a particular location. It also helps to pass on information from one place to another without making any physical contact between the two points.
Display Systems:
Display systems are used in military vetronics market for displaying information to the user. It can be further categorized into two types: active and passive. Active display system is powered by battery or has its own power source; whereas, passive display system gets its signal from an external source such as a radio frequency (RF) or infrared (IR) device. Vetronics is short for visual electronics; it comprises devices that convey information visually using electronic technology.
Application Insights:
The light protected vehicles segment is expected to witness significant growth over the forecast period. This can be attributed to the increasing need for protection against Improvised Explosive Devices (IEDs) and other explosive hazards in light of growing threats from terrorist organizations globally. The armored personnel carriers segment also holds promising growth prospects owing to increasing global military presence, civil wars, and rebellions that have led to a rise in demand for such vehicles across various countries worldwide.
Light Protected Vehicles (TPV) are gaining popularity among several defense agencies as they offer enhanced safety while traveling with high visibility during day time and at night time also known as High-Visibility Period or HVP. TPVs equipped with advanced display systems provide critical information regarding vehicle¢â‚¬â„¢s status including speed, temperature of engine & exterior sensors temperature etc.
Regional Analysis:
North America dominated the global military vetronics market in 2016. The presence of major defense players such as Raytheon, Lockheed Martin Corporation, and General Dynamics Mission Systems has resulted in the dominance of this region. Moreover, increasing investments by governments for developing advanced systems is also expected to drive growth over the forecast period. For instance, according to a recent announcement made by U.S Department of Defense (DoD), it plans on procuring another 2 billion rounds of ammunition along with other related products and services through 2022 which is anticipated to generate revenue worth USD X million over a period of seven years.
Asia Pacific is expected to grow at an exponential rate during the forecast period owing to rising demand from countries such as India.
Growth Factors:
- Increasing demand for Vetronics systems from military and paramilitary organizations across the globe due to rising security concerns
- Proliferation of advanced Vetronics technologies and components that offer enhanced capabilities and features compared to traditional systems
- Growing number of countries investing in development of indigenous Vetronics systems to reduce dependence on foreign suppliers
- Rising budgetary allocations by defense ministries worldwide for procurement of Vetronics systems
- Emergence of new applications areas for Vetronics such as unmanned vehicles, smart cities, etc., which is expected to create new growth opportunities for the market in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Vetronics Market Research Report
By Type
Control and Data Distribution Systems, Display Systems, Power Systems, Vehicle Management Systems, Other Vetronics Systems
By Application
Light Protected Vehicles, Infantry Fighting Vehicles, Armored Personnel Carriers, Unmanned Ground Vehicles, Others
By Companies
BAE Systems, Curtiss-Wright Corporation, Elbit Systems, General Dynamics Corporation, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Moog, Oshkosh Corporation, Rheinmetall Defence, Saab, BAE Systems, Thales Group, The Raytheon Company, Ultra Electronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Military Vetronics Market Report Segments:
The global Military Vetronics market is segmented on the basis of:
Types
Control and Data Distribution Systems, Display Systems, Power Systems, Vehicle Management Systems, Other Vetronics Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Protected Vehicles, Infantry Fighting Vehicles, Armored Personnel Carriers, Unmanned Ground Vehicles, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BAE Systems
- Curtiss-Wright Corporation
- Elbit Systems
- General Dynamics Corporation
- Kongsberg Gruppen ASA
- Lockheed Martin Corporation
- Moog
- Oshkosh Corporation
- Rheinmetall Defence
- Saab
- BAE Systems
- Thales Group
- The Raytheon Company
- Ultra Electronics
Highlights of The Military Vetronics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Control and Data Distribution Systems
- Display Systems
- Power Systems
- Vehicle Management Systems
- Other Vetronics Systems
- By Application:
- Light Protected Vehicles
- Infantry Fighting Vehicles
- Armored Personnel Carriers
- Unmanned Ground Vehicles
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Vetronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Military Vetronics is a term used to describe the use of technology in the military. This can include anything from communication devices to weapons systems.
Some of the major companies in the military vetronics market are BAE Systems, Curtiss-Wright Corporation, Elbit Systems, General Dynamics Corporation, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Moog, Oshkosh Corporation, Rheinmetall Defence, Saab, BAE Systems, Thales Group, The Raytheon Company, Ultra Electronics.
The military vetronics market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Vetronics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Military Vetronics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Vetronics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Military Vetronics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Military Vetronics Market Size & Forecast, 2018-2028
4.5.1 Military Vetronics Market Size and Y-o-Y Growth
4.5.2 Military Vetronics Market Absolute $ Opportunity
Chapter 5 Global Military Vetronics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Military Vetronics Market Size Forecast by Type
5.2.1 Control and Data Distribution Systems
5.2.2 Display Systems
5.2.3 Power Systems
5.2.4 Vehicle Management Systems
5.2.5 Other Vetronics Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Vetronics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Military Vetronics Market Size Forecast by Applications
6.2.1 Light Protected Vehicles
6.2.2 Infantry Fighting Vehicles
6.2.3 Armored Personnel Carriers
6.2.4 Unmanned Ground Vehicles
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Vetronics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Military Vetronics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Military Vetronics Analysis and Forecast
9.1 Introduction
9.2 North America Military Vetronics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Military Vetronics Market Size Forecast by Type
9.6.1 Control and Data Distribution Systems
9.6.2 Display Systems
9.6.3 Power Systems
9.6.4 Vehicle Management Systems
9.6.5 Other Vetronics Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Military Vetronics Market Size Forecast by Applications
9.10.1 Light Protected Vehicles
9.10.2 Infantry Fighting Vehicles
9.10.3 Armored Personnel Carriers
9.10.4 Unmanned Ground Vehicles
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Military Vetronics Analysis and Forecast
10.1 Introduction
10.2 Europe Military Vetronics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Military Vetronics Market Size Forecast by Type
10.6.1 Control and Data Distribution Systems
10.6.2 Display Systems
10.6.3 Power Systems
10.6.4 Vehicle Management Systems
10.6.5 Other Vetronics Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Military Vetronics Market Size Forecast by Applications
10.10.1 Light Protected Vehicles
10.10.2 Infantry Fighting Vehicles
10.10.3 Armored Personnel Carriers
10.10.4 Unmanned Ground Vehicles
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Military Vetronics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Vetronics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Military Vetronics Market Size Forecast by Type
11.6.1 Control and Data Distribution Systems
11.6.2 Display Systems
11.6.3 Power Systems
11.6.4 Vehicle Management Systems
11.6.5 Other Vetronics Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Military Vetronics Market Size Forecast by Applications
11.10.1 Light Protected Vehicles
11.10.2 Infantry Fighting Vehicles
11.10.3 Armored Personnel Carriers
11.10.4 Unmanned Ground Vehicles
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Military Vetronics Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Vetronics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Military Vetronics Market Size Forecast by Type
12.6.1 Control and Data Distribution Systems
12.6.2 Display Systems
12.6.3 Power Systems
12.6.4 Vehicle Management Systems
12.6.5 Other Vetronics Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Military Vetronics Market Size Forecast by Applications
12.10.1 Light Protected Vehicles
12.10.2 Infantry Fighting Vehicles
12.10.3 Armored Personnel Carriers
12.10.4 Unmanned Ground Vehicles
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Military Vetronics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Vetronics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Military Vetronics Market Size Forecast by Type
13.6.1 Control and Data Distribution Systems
13.6.2 Display Systems
13.6.3 Power Systems
13.6.4 Vehicle Management Systems
13.6.5 Other Vetronics Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Military Vetronics Market Size Forecast by Applications
13.10.1 Light Protected Vehicles
13.10.2 Infantry Fighting Vehicles
13.10.3 Armored Personnel Carriers
13.10.4 Unmanned Ground Vehicles
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Military Vetronics Market: Competitive Dashboard
14.2 Global Military Vetronics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE Systems
14.3.2 Curtiss-Wright Corporation
14.3.3 Elbit Systems
14.3.4 General Dynamics Corporation
14.3.5 Kongsberg Gruppen ASA
14.3.6 Lockheed Martin Corporation
14.3.7 Moog
14.3.8 Oshkosh Corporation
14.3.9 Rheinmetall Defence
14.3.10 Saab
14.3.11 BAE Systems
14.3.12 Thales Group
14.3.13 The Raytheon Company
14.3.14 Ultra Electronics
