Vetronics Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2021 Market Research Report to It’s a Database.
According to the projections in this report, the vetronics market is estimated to grow from USD 2.85 billion in 2016 to USD 3.51 billion by 2021, at a CAGR of 4.30% during the forecast period. Factors that are expected to drive the vetronics market include network centric warfare, situational awareness, embedded technology system commonality, and shift towards COTS enabled improved SWaP specification.
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The need for technologically advanced vehicles by defense authorities worldwide is the key factor fueling the growth of the vetronics market. Mine resistant ambush protected vehicles provide protection against threats from chemical, biological, radiological, and nuclear weapons (CBRN), improvised explosive devices (IED), and rocket propelled grenades (RPG). Their strong demand from Middle Eastern countries, such as Iraq and Afghanistan is the key factor fueling the demand for mine resistant ambush protected vehicles.
Based on subsystem, the C3 systems segment is estimated to account for the highest share of the vetronics market during the forecast period. This can be attributed to increase in demand for lightweight and technologically advanced display computers for vehicles used in warzone.
Vetronics have evolved over the course of time in terms of technology. CS13 program (command, control, communication, and information), COTS (Commercial of Shelf), and VICTORY (Vehicular Integration for Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance/Electronic Warfare)are some of the key trends driving the vetronics market.
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Key Points From Table Of Content:
9 Company Profiles
9.1 Curtiss-Wright Corporation
9.1.2 Products & Services
9.1.3 Strategy & Insights
9.2 Rheinmetall Ag
9.2.2 Products & Services
9.2.3 Strategy & Insights
9.3 Thales Group
9.3.2 Products & Services
9.3.3 Strategy & Insights
9.4 Ultra Electronics Limited
9.5 Lockheed Martin Corporation
9.6 Oshkosh Corporation
9.7 TE Connectivity
9.8 Saab AB
9.9 Raytheon Company
9.10 General Electric Company
9.11 BAE Systems Inc.
9.12 Kongsberg Gruppen ASA
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Objectives of the Study:
The report analyzes the market on the basis of application (defense and homeland security), vehicle type (main battle tank, light protected vehicle, amphibious armored vehicles, mine resistant ambush protected vehicles, infantry fighting vehicles, armored personnel carriers, others), and subsystem (communication & navigation, observation & display systems, C3 systems, weapon & control systems, sensor & control systems, vehicle protection systems and power systems). It maps these segments and subsegments across major regions,namely North America, Europe, Asia-Pacific, the Middle East, and the Rest of the World.
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