Vetronics Market by Application (Defense and Homeland Security), Vehicle Type (Main Battle Tank, Light Protected Vehicle, Amphibious Armored Vehicle), Subsystem (Communication, Navigation, C3 Systems, Power Systems) - Global Forecasts to 2021

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Date: 02-Sep-2016
No. of pages: 150
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“The vetronics market is projected to reach USD 3.51 billion by the end of 2021”

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.

“Based on vehicle type, the mine resistant ambush protected segment is expected to lead the vetronics market”

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 expected to lead the vetronics market”

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.

“North America is estimated to account for the largest share; Asia-Pacific is projected to grow at the highest rate during the forecast period”

The North-American region is estimated to account for the largest share of the vetronics market. Increased procurement of innovative vetronics and improvisation of existing fighting vehicles is the prime factor fueling the growth of the vetronics market in the region. The APAC region is estimated to grow at the highest CAGR during the forecast period. This can be attributed to the rise in defense spending of leading countries, such as China, India, Japan, and Australia, among others. Need for technologically advanced vetronics systems is also a key factor fueling the growth of the vetronics market in the Asia-Pacific region.

Break-up of profile of primary participants for the report has been given below.


  • By Company Type: Tier 1 – 45%, Tier 2 – 35%, Tier3 – 20%

  • By Designation: C Level – 50%, D level – 35%, Others – 15%

  • By Region: North America –44%, Europe – 35%, APAC – 15%, RoW – 6%


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.

Major companies profiled in the report are Thales Group (U.S.), Raytheon Company (U.S.), Lockheed Martin Corporation (U.S.), SAAB Group (Sweden), General Dynamics Corporation (U.S.), Curtiss Wright Corporation (U.S.), Elbit Systems (Israel), Leonardo-Finmeccanica SPA (Italy), Harris Corporation (U.S.), Rheinmetall AG (Germany), BAE Systems (U.K.), among others.

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.

Target Audience


  • Software/Hardware/Service and Solution Providers

  • Technology Support Providers

  • Military Land Vehicles Manufacturers

  • Subcomponent Manufacturers


Scope of the Report

By Application


  • Defense

  • Homeland Security


By Vehicle Type


  • Main Battle Tank

  • Light Protected Vehicles  

  • Amphibious Armored Vehicles

  • Mine resistant ambush protected

  • Infantry Fighting Vehicle

  • Armored Personnel Carriers

  • Others


By Subsystem


  • Communication & Navigation

  • Observation and Display Systems

  • C3 Systems

  • Weapon Control Systems

  • Sensor & Control Systems

  • Vehicle protection Systems

  • Power Systems


By Region


  • North America

  • Europe

  • Asia-Pacific

  • Middle East

  • Rest of the World

Vetronics Market by Application (Defense and Homeland Security), Vehicle Type (Main Battle Tank, Light Protected Vehicle, Amphibious Armored Vehicle), Subsystem (Communication, Navigation, C3 Systems, Power Systems) - Global Forecasts to 2021

Table of Contents

1 Introduction
1.1 Key Objectives
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology

2 Executive Summary

3 Market Overview
3.1 Market Definition
3.2 Overview
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Network Centric Battlefield Warfare
3.3.1.2 Increase in Demand for Armored Vehicles
3.3.1.3 Embedded Technology Driving System Commonality
3.3.1.4 Situational Awareness
3.3.1.5 Shift Towards Cots Enables Improved Swap Specifications
3.3.2 Restraints
3.3.2.1 Defense Budget Cuts
3.3.2.2 Defense Offset Policies and Regulations
3.3.3 Challenges
3.3.3.1 Power Issues
3.3.3.2 Dearth of Skilled Professionals
3.3.4 Opportunities
3.3.4.1 Hybrid Engine Systems
3.3.4.2 New Energy Solutions
3.4 Etop Analysis

4 Trends Analysis
4.1 Market Trends
4.2 Technology Trends

5 Global Vetronics Market
5.1 Global Vetronics Market Size, By Application
5.1.1 Global Market Size, By Application, By Defense, 2014-2020 ($ Million)
5.1.2 Global Market Size, By Application, By Homeland Security, 2014-2020 ($ Million)
5.2 Global Vetronics Market Size, By Sub-Systems
5.2.1 Global Market Size, By Sub-Systems, By C3 Systems, 2014-2020 ($ Million)
5.2.2 Global Market Size, By Sub-Systems, By Navigation, Observation & Display Systems, 2014-2020 ($ Million)
5.2.3 Global Market Size, By Sub-Systems, By Weapon Control Systems, 2014-2020 ($ Million)
5.2.4 Global Market Size, By Sub-Systems, By Vehicle Protection Systems, 2014-2020 ($ Million)
5.2.5 Global Market Size, By Sub-Systems, By Sensor & Control Systems, 2014-2020 ($ Million)
5.2.6 Global Market Size, By Sub-Systems, By Power Systems, 2014-2020 ($ Million)
5.3 Global Vetronics Market Size, By Military Land Vehicles
5.3.1 Global Market Size, By Military Land Vehicles, By Main Battle Tank, 2014-2020 ($ Million)
5.3.2 Global Market Size, By Military Land Vehicles, By Armored Personnel Carriers, 2014-2020 ($ Million)
5.3.3 Global Market Size, By Military Land Vehicles, By Infantry Fighting Vehicles, 2014-2020 ($ Million)
5.3.4 Global Market Size, By Military Land Vehicles, By Mine Resistant Ambush Protection Vehicles, 2014-2020 ($ Million)
5.3.5 Global Market Size, By Military Land Vehicles, By Unmanned Ground Vehicles, 2014-2020 ($ Million)
5.3.6 Global Market Size, By Military Land Vehicles, By Light Protected Vehicles, 2014-2020 ($ Million)
5.3.7 Global Market Size, By Military Land Vehicles, By Amphibious Armored Vehicles, 2014-2020 ($ Million)

6 Regional Analysis
6.1 North America: Market Size Analysis (2014-2020)
6.2 Europe: Market Size Analysis (2014-2020)
6.3 The Asia-Pacific: Market Size Analysis (2014-2020)
6.4 The Middle East: Market Size Analysis (2014-2020)
6.5 Latin America: Market Size Analysis (2014-2020)
6.6 RoW: Market Size Analysis (2014-2020)

7 Country Analysis
7.1 The U.S.: Market Size Analysis (2014-2020)
7.2 U.K : Market Size Analysis (2014-2020)
7.3 Canada : Market Size Analysis (2014-2020)
7.4 France: Market Size Analysis (2014-2020)
7.5 Russia: Market Size Analysis (2014-2020)
7.6 Germany: Market Size Analysis (2014-2020)
7.7 Norway: Market Size Analysis (2014-2020)
7.8 India: Market Size Analysis (2014-2020)
7.9 China: Market Size Analysis (2014-2020)
7.10 Israel: Market Size Analysis (2014-2020)
7.11 Australia: Market Size Analysis (2014-2020)
7.12 Brazil: Market Size Analysis (2014-2020)
7.13 UAE: Market Size Analysis (2014-2020)
7.14 Saudi Arabia: Market Size Analysis (2014-2020)

8 Competitive Landscape
8.1 Market Share Analysis,By Company
8.2 Market Share Analysis, By Region

9 Company Profiles
9.1 Curtiss-Wright Corporation
9.1.1 Overview
9.1.2 Products & Services
9.1.3 Strategy & Insights
9.1.4 Developments
9.1.5 MnM View
9.2 Rheinmetall Ag
9.2.1 Overview
9.2.2 Products & Services
9.2.3 Strategy & Insights
9.2.4 Developments
9.2.5 MnM View
9.3 Thales Group
9.3.1 Overview
9.3.2 Products & Services
9.3.3 Strategy & Insights
9.3.4 Developments
9.3.5 MnM View
9.4 Ultra Electronics Limited
9.4.1 Overview
9.4.2 Products & Services
9.4.3 Strategy & Insights
9.4.4 Developments
9.4.5 MnM View
9.5 Lockheed Martin Corporation
9.5.1 Overview
9.5.2 Products & Services
9.5.3 Strategy & Insights
9.5.4 Developments
9.5.5 MnM View
9.6 Oshkosh Corporation
9.6.1 Overview
9.6.2 Products & Services
9.6.3 Strategy & Insights
9.6.4 Developments
9.6.5 MnM View
9.7 TE Connectivity
9.7.1 Overview
9.7.2 Products & Services
9.7.3 Strategy & Insights
9.7.4 Developments
9.7.5 MnM View
9.8 Saab AB
9.8.1 Overview
9.8.2 Products & Services
9.8.3 Strategy & Insights
9.8.4 Developments
9.8.5 MnM View
9.9 Raytheon Company
9.9.1 Overview
9.9.2 Products & Services
9.9.3 Strategy & Insights
9.9.4 Developments
9.9.5 MnM View
9.10 General Electric Company
9.10.1 Overview
9.10.2 Products & Services
9.10.3 Strategy & Insights
9.10.4 Developments
9.10.5 MnM View
9.11 BAE Systems Inc.
9.11.1 Overview
9.11.2 Products & Services
9.11.3 Strategy & Insights
9.11.4 Developments
9.11.5 MnM View
9.12 Kongsberg Gruppen ASA
9.12.1 Overview
9.12.2 Products & Services
9.12.3 Strategy & Insights
9.12.4 Developments
9.12.5 MnM View

List of Tables

Table 1 Global Vetronics Market Size, By Application 2014 – 2020 ($ Million)
Table 2 Global Market Size, Military Land Vehicles, 2014 – 2020 ($ Million)
Table 3 North America: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 4 North America: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 5 North America: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 6 North America: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 7 Europe: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 8 Europe: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 9 Europe: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 10 Europe: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 11 The Asia-Pacific: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 12 The Asia-Pacific: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 13 The Asia-Pacific: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 14 The Asia-Pacific: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 15 The Middle East: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 16 The Middle East: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 17 The Middle East: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 18 The Middle East: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 19 Latin America: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 20 Latin America: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 21 Latin America: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 22 Latin America: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 23 RoW: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 24 RoW: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 25 RoW: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 26 RoW: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 27 The U.S.: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 28 The U.S.: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 29 The U.S.: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 30 The U.S.: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 31 U.K: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 32 U.K: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 33 U.K: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 34 U.K: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 35 Canada: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 36 Canada: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 37 Canada: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 38 Canada: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 39 France: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 40 France: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 41 France: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 42 France: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 43 Russia: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 44 Russia: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 45 Russia: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 46 Russia: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 47 Germany: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 48 Germany: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 49 Germany: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 50 Germany: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 51 Norway: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 52 Norway: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 53 Norway: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 54 Norway: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 55 India: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 56 India: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 57 India: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 58 India: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 59 China: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 60 China: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 61 China: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 62 China: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 63 Australia: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 64 Australia: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 65 Australia: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 66 Australia: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 67 Brazil: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 68 Brazil: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 69 Brazil: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 70 Brazil: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 71 Israel: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 72 Israel: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 73 Israel: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 74 Israel: Market Size, By Technology, 2014 – 2020 ($ Million)
Table 75 Saudi Arabia: Vetronics Market Size, By Application, 2014 – 2020 ($ Million)
Table 76 Saudi Arabia: Market Size, By Sub-Systems, 2014 – 2020 ($ Million)
Table 77 Saudi Arabia: Market Size, By Military Land Vehicle, 2014 – 2020 ($ Million)
Table 78 Saudi Arabia: Market Size, By Technology, 2014 – 2020 ($ Million)

List of Figures

Figure 1 Global Vetronics Market Size, By Applicaton , By Defense, 2014-2020 ($ Million)
Figure 2 Global Market Size, By Applicaton , By Homeland Security, 2014-2020 ($ Million)
Figure 3 Global Market Size, By Sub-Systems , By C3 Systems, 2014-2020 ($ Million)
Figure 4 Global Market Size, By Sub-Systems , By Navigation, Observation & Display Systems, 2014-2020 ($ Million)
Figure 5 Global Vetronics Market Size, By Sub-Systems , By Weapon Control Systems, 2014-2020 ($ Million)
Figure 6 Global Market Size, By Sub-Systems , By Vehicle Protection Systems, 2014-2020 ($ Million)
Figure 7 Global Market Size, By Sub-Systems, By Sensor & Control Systems, 2014-2020 ($ Million)
Figure 8 Global Market Size, By Sub-Systems, By Power Systems, 2014-2020 ($ Million)
Figure 9 Global Market Size, By Military Land Vehicle , By Main Battle Tank, 2014-2020 ($ Million)
Figure 10 Global Market Size, By Military Land Vehicle, By Armored Personnel Carrier, 2014-2020 ($ Million)
Figure 11 Global Market Size, By Military Land Vehicle, By Infantry Fighting Vehicles, 2014-2020 ($ Million)
Figure 12 Global Market Size, By Military Land Vehicle, By Mine Resistant Ambush Protection Vehicles, 2014-2020 ($ Million)
Figure 13 Global Market Size, By Military Land Vehicle, By Unmanned Ground Vehicles, 2014-2020 ($ Million)
Figure 14 Global Market Size, By Military Land Vehicle, By Light Protected Vehicles, 2014-2020 ($ Million)
Figure 15 Global Market Size, By Military Land Vehicle, By Amphibious Armored Vehicles, 2014-2020 ($ Million)
Figure 16 Market Share Analysis, By Company, 2013
Figure 17 Market Share Analysis, By Region,2013
Figure 18 Curtiss-Wright Corporaton: Company Snapshot
Figure 19 Curtiss-Wright Corporaton: SWOT Analysis
Figure 20 Rheinmetall AG: Company Snapshot
Figure 21 Rheinmetall AG: SWOT Analysis
Figure 22 Thales Group: Company Snapshot
Figure 23 Thales Group: SWOT Analysis
Figure 24 Ultra Electronics Limited: Comapany Snapshot
Figure 25 Ultra Electronics Limited: SWOT Analysis
Figure 26 Lockheed Martin Corporation: Company Snapshot
Figure 27 Lockheed Martin Corporation: SWOT Analysis
Figure 28 Oshkosh Corporation: Company Snapshot
Figure 29 Oshkosh Corporation: SWOT Analysis
Figure 30 TE Connectivity: Company Snapshot
Figure 31 TE Connectivity: SWOT Analysis
Figure 32 Saab AB: Company Snapshot
Figure 33 Saab AB: SWOT Analysis
Figure 34 Raytheon Company: Company Snapshot
Figure 35 Raytheon Company: SWOT Analysis
Figure 36 General Electric Company: Company Snapshot
Figure 37 General Electric Company: SWOT Analysis
Figure 38 BAE Systems Inc.: Company Snapshot
Figure 39 BAE Systems Inc.: SWOT Analysis
Figure 40 Kongsberg Gruppen ASA: Company Snapshot
Figure 41 Kongsberg Gruppen ASA: SWOT Analysis

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