Military Vetronics Market By System (Control and Data Distribution Systems, Display Systems, Power Systems, Vehicle Management Systems, Other Vetronics Systems), Vehicle Type (Light Protected Vehicles, Infantry Fighting Vehicles, Armored Personnel Carriers, Unmanned Ground Vehicles, Armored Amphibious Vehicles), Industry Trends, Estimation & Forecast, 2017 - 2025

December 2018

 ERC 5865

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Vetronics is an electronic system integrated in military vehicles for streamlining vehicle activities. Communications, navigation, surveillance and vehicle health management are some of the prominent applications of military vetronics. The market is expected to grow considerably in the upcoming years, owing to growing importance of data, voice, and video communication for effective and successful military operations. For example, BAE Systems announced to upgrade Army Armored Multi-Purpose Vehicle (AMPV) combat vehicle vetronics for enhanced battlefield networking, on July 2017.

Military Vetronics Market Determinants

Soldier modernization programs, network centric battlefield warfare, and rising significance of situational awareness are key elements boosting the growth of global military vetronics market.. However, demilitarization initiatives in North America and Europe, and open architectural design of vetronics might hinder the market growth. On the other hand, development of advanced vetronics would provide lucrative opportunities for the market growth

Segment Analysis

Global military vetronics market is segmented on the basis of system, vehicle type, and region. By system, the market is classified as control and data distribution systems, display systems, power systems, vehicle management systems, and other vetronics systems. By vehicle type, the market is segmented into light protected vehicles, infantry fighting vehicles, armored personnel carriers, unmanned ground vehicles, and armored amphibious vehicles. Geographically, the global military vetronics market is segmented as North America, Europe, Asia-Pacific, and Rest of the World. North America holds the largest market share in terms of revenue. The European military vetronics market is driven by numerous counter terrorist campaigns as a result of threats created by ISIS.

The market is highly fragmented as a result of the presence of numerous vendors who are offering a wide range of products for the consumers. Vendors are impelled to develop products which are compatible with a wide range of vehicles and are easily customizable. New product innovations is the key strategy adopted by market leaders to improve their product offering and establish a strong foothold within the market. For instance, on January 2017, Curtiss-Wright Controls, Inc. launched a small mission computer for military avionics and vetronics.
Top vendors of the market are BAE Systems plc, Curtiss-Wright Corporation, Elbit Systems Ltd., General Dynamics Corporation, General Electric Company, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Moog, Inc., Oshkosh Corporation, Rheinmetall Defence, SAAB A.B., TE Connectivity, Thales Group, The Raytheon Company, and Ultra Electronics Ltd.

Military Vetronics Market Segmentation

By System
• Control and Data Distribution Systems
• Display Systems
• Power Systems
• Vehicle Management Systems
• Other Vetronics Systems

By Vehicle Type
• Light Protected Vehicles
• Infantry Fighting Vehicles
• Armored Personnel Carriers
• Unmanned Ground Vehicles
• Armored Amphibious Vehicles

Military Vetronics Market By Geography
• North America
• Europe
• APAC
• Rest of the World

Key Market Players

• BAE Systems plc
• Curtiss-Wright Corporation
• Elbit Systems Ltd.
• General Dynamics Corporation
• General Electric Company
• Kongsberg Gruppen ASA
• Lockheed Martin Corporation
• Moog, Inc.
• Oshkosh Corporation
• Rheinmetall Defence
• SAAB A.B.
• TE Connectivity
• Thales Group
• The Raytheon Company
• Ultra Electronics Ltd.

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    What Information does this report contain?

    • What was the market size of the Military Vetronics Market in 2017 and the expected market size by 2025, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2017 - 2025)?
    • Which are the leading companies in the Military Vetronics Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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