Product Code: r5306
“Vetronics Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vetronics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for vetronics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The vetronics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Vehicle Type: Main Battle Tank; Light Combat Vehicles; Armored Personnel Carriers; Infantry Fighting Vehicle; Other Vehicles
- 2) By System: Weapon And Control System; Command And Communication; Navigation And Display; Sensor And Optronics; Power System; Other Systems
- 3) By Platform: Homeland Security; Military
- Companies Mentioned: Rheinmetall AG; Raytheon Technologies Corporation; L3Harris Technologies, Inc.; Lockheed Martin Corporation; Thales Group
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the vetronics market 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, , Elbit Systems , Oshkosh Corporation, AssaAbloy AB, General Electric Company, Ultra Electronics Holdings plc, Adecco Group AG, AMETEK Inc., Elbit Systems Ltd., General Dynamics Corp., Kongsberg Gruppen ASA, Krauss Maffei Wegmann GmbH and Co. KG, Moog Inc., Oshkosh Corp., and TE Connectivity Ltd.
The global vetronics market is expected to decline from $3.52 billion in 2022 to $3.76 billion in 2023 at a compound annual growth rate (CAGR) of 6.83X%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vetronics market is expected to reach $4.48 billion in 2027 at a compound annual growth rate (CAGR) of 4.48%.
The vetronics market consist of sales of c3 systems, vehicle protection systems and power systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (Inc.luding downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market Inc.ludes related services sold by the creators of the goods.
The vetronics serve as the digital brains for the hub vehicle platforms. The vetronics is a computer with a controlled ethernet switch for controlling ground combat and amphibious vehicles' electrical systems. The hardware and software interfaces required to operate the vehicle's mobility system, Inc.luding propulsion, steering, and self-protection, as well as inter-vehicle communication, are provided by this completely redundant vetronics computer.
North America was the largest region in the vetronics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of vehicles that use vetronics are main battle tank, light combat vehicles, armored personnel carriers, infantry fighting vehicle, and other vehicles. The main battle tank vetronics Inc.ludes an armoured vehicle with direct fire and manoeuvrability. The main battle tank is often substantially armoured, has been a staple of ground force doctrine for the past half-century. The various systems inlcude weapon and control system, command and communication, navigation and display, sensor and optronics, power system, and other systems. The homeland security and military platforms are used in vetronics.
The Inc.reasing focus of military and defence services is driving the vetronics market. Terrorist activities, political upheaval around the world, and geopolitical tensions in countries have Inc.reased the attention on defence and military, resulting in the procurement of next-generation combat vehicles. According to a defence correspondent's report, Rheinmetall's Military Vehicle Centre of Excellence (MILVEHCOE) in Queensland will build Australia's 186 Boxers. Therefore, the Inc.reasing focus of military and defence services is expected to propel the growth of the vetronics market over the coming years
Technological advancement is a key trend gaining the popularity in vetronics market. Major industry players are focusing their efforts on developing novel technologies like the emergence of wireless communications technology and the Inc.reasing modernisation of military vehicles, are boosting the industry. For instance, drones and unmanned vehicles are employed for surveillance and a variety of commercial uses, Inc.luding taking photos and videos of sporting events and cityscapes. It is also used in improvements in traffic flow analysis methodologies, risk assessment, aid in accident investigation and damage assessments for bridges and pavements are presented, as well as advances in computer vision algorithms to extract critical elements. Therefore, technological advancement is boosting the growth of vetronics market.
In July 2021, CAE, a Canadian-based company engaged in offering training services to airlines, simulation technologies, defence customers, modelling technologies, acquired L3Harris Technologies' military training business $1.05 billion. With this acquisition, CAE broadens its military business portfolio. The common shares of CAE issuable pursuant to the 22,400,000 subscription receipts were automatically issued through the CDS Clearing and Depository Services Inc. facilities following the conclusion of the acquisition. L3Harris Technologies, is an America-based company involved in information technology services and defence contractor provider that produces C6ISR systems and products, wireless equipment.
The countries covered in the Vetronics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not Inc.lude revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The vetronics market research report is one of a series of new reports from The Business Research Company that provides vetronics market statistics, Inc.luding vetronics industry global market size, regional shares, competitors with a vetronics market share, detailed vetronics market segments, market trends and opportunities, and any further data you may need to thrive in the vetronics industry. This vetronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Vetronics Market Characteristics
3. Vetronics Market Trends And Strategies
4. Vetronics Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Vetronics Market
- 4.2. Ukraine-Russia War Impact On Vetronics Market
- 4.3. Impact Of High Inflation On Vetronics Market
5. Vetronics Market Size And Growth
- 5.1. Global Vetronics Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Vetronics Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Vetronics Market Segmentation
- 6.1. Global Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Main Battle Tank
- Light Combat Vehicles
- Armored Personnel Carriers
- Infantry Fighting Vehicle
- Other Vehicles
- 6.2. Global Vetronics Market, Segmentation By System, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Weapon And Control System
- CommAnd And Communication
- Navigation And Display
- Sensor And Optronics
- Power System
- Other Systems
- 6.3. Global Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Homeland Security
- Military
7. Vetronics Market Regional And Country Analysis
- 7.1. Global Vetronics Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Vetronics Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Vetronics Market
- 8.1. Asia-Pacific Vetronics Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Vetronics Market
- 9.1. China Vetronics Market Overview
- 9.2. China Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Vetronics Market
- 10.1. India Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Vetronics Market
- 11.1. Japan Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Vetronics Market
- 12.1. Australia Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Vetronics Market
- 13.1. Indonesia Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Vetronics Market
- 14.1. South Korea Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Vetronics Market
- 15.1. Western Europe Vetronics Market Overview
- 15.2. Western Europe Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Vetronics Market
- 16.1. UK Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Vetronics Market
- 17.1. Germany Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Vetronics Market
- 18.4. France Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Vetronics Market
- 19.1. Eastern Europe Vetronics Market Overview
- 19.2. Eastern Europe Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Vetronics Market
- 20.1. Russia Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Vetronics Market
- 21.1. North America Vetronics Market Overview
- 21.2. North America Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Vetronics Market
- 22.1. USA Vetronics Market Overview
- 22.2. USA Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Vetronics Market
- 23.1. South America Vetronics Market Overview
- 23.2. South America Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Vetronics Market
- 24.1. Brazil Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Vetronics Market
- 25.1. Middle East Vetronics Market Overview
- 25.2. Middle East Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Vetronics Market
- 26.1. Africa Vetronics Market Overview
- 26.2. Africa Vetronics Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Vetronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Vetronics Market Competitive Landscape And Company Profiles
- 27.1. Vetronics Market Competitive Landscape
- 27.2. Vetronics Market Company Profiles
- 27.2.1. Rheinmetall AG
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Raytheon Technologies Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. L3Harris Technologies, Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Lockheed Martin Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Thales Group
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Vetronics Market
29. Vetronics Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer