Vetronics-a portmanteau of vehicle and electronics-is a term extensively used to refer to the electronics systems used in military land vehicles. These systems are responsible for the integration of various types of vetronics systems used in military vehicles. Furthermore, these systems streamline various activities such as navigation, surveillance, vehicle health management, and communication. In the recent past, the demand for real-time data analytics has increased in the defense sector, which would encourage military units to invest in the latest vetronics systems.
The major drivers of the market include easy availability of cost-effective components, which enables prominent players to easily manufacture and offer advanced vetronics at affordable prices; increased demand for enhanced vetronics system due to rising concerns of homeland security and militant activities across the globe; border insecurity and competition; and emergence of wireless communication technology.
The world vetronics market is segmented on the basis of system type and region. The vetronics market on the basis of product type is bifurcated into military communication, command, and control system; vehicle electronic warfare system; sensor (EO/IR) system; and other (navigation system and vehicle protection system). In addition, the market has analyzed on the basis of four key regions and their respective countries, namely, North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The prominent companies operating in the world vetronics market have adopted product launch, expansion, and collaboration as their major strategies for business growth and expansion across the globe. The key players profiled in the report include Lockheed Martin Corporation, Leonardo-Finmeccanica S.p.a., Saab Group; Thales S.A., General Dynamics Corporation, Harris Corporation, Curtiss-Wright Corporation, BAE Systems PLC., Raytheon Company, and Rheinmetall AG.
Key Benefits
The study provides an in-depth analysis of the world vetronics market along with current trends and future estimations to elucidate the imminent investment pockets in the market.
The report identifies the key drivers, opportunities, and restraints that shape the market along with the impact analysis.
The report provides a quantitative analysis of the current market and estimations for the period of 2014-2022 to highlight the financial appetency of the market.
Porter's Five Forces model of the industry illustrates the potency of the buyers and suppliers participating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Key Market Segments
BY SYSTEM TYPE
Military Communication, Command, and Control System
Sensors (EO/IR) System
Vehicle Electronic Warfare System
Other (Navigation System and Vehicle Protection System)
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Singapore
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY PLAYERS
Lockheed Martin Corporation
Leonardo-Finmeccanica S.p.a.
Saab Group
Thales S.A.
General Dynamics Corporation
Harris Corporation
Curtiss-Wright Corporation
BAE Systems PLC
Raytheon Company
Rheinmetall AG
Companies mentioned in the report are:
Lingcheng Electronic Technology Co. LTD, Electronics Direct, Astute Electronics, Cobham Defence Communications (CDC), Copenhagen Sensor Technology A/S, Injaz National, Exechon AB, Polska Grupa Zbrojeniowa S.A. (PGZ), Danish Defence Acquisition and Logistics Organisation (DALO), Metallizing, Inc. (Bolt's), and Ferrostaal GmbH.
