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
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%, Tier 3 – 20%
- By Designation: C Level – 50%, D level – 35%, Others – 15%
- By Region: North America – 44%, Europe – 35%, APAC – 15%, RoW – 6%
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
By Application
- Defense
- Homeland Security
- Main Battle Tank
- Light Protected Vehicles
- Amphibious Armored Vehicles
- Mine resistant ambush protected
- Infantry Fighting Vehicle
- Armored Personnel Carriers
- Others
- Communication & Navigation
- Observation and Display Systems
- C3 Systems
- Weapon Control Systems
- Sensor & Control Systems
- Vehicle protection Systems
- Power Systems
- North America
- Europe
- Asia-Pacific
- Middle East
- Rest of the World
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY & PRICING
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.2 FACTOR ANALYSIS
2.2.1 DEMAND SIDE INDICATORS
2.2.1.1 Rising need for accuracy in navigation and connectivity
2.2.1.2 Growing regional conflicts and modernization of militaries
2.2.2 SUPPLY SIDE INDICATORS
2.2.2.1 High availability of small and robust electronic components
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
2.5 ASSUMPTIONS
3 EXECUTIVE SUMMARY
3.1 MARKET DRIVERS: REGIONAL MAPPING
3.2 VETRONICS MARKET SHARE, BY REGION, 2016 & 2021
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE VETRONICS MARKET
4.2 VETRONICS MARKET, BY APPLICATION, 2014 -2021
4.3 ASIA-PACIFIC VETRONICS MARKET, 2015
4.4 NORTH AMERICA ESTIMATED TO CAPTURE THE LARGEST SHARE IN THE VETRONICS MARKET IN 2016
4.5 VETRONICS MARKET, BY SUBSYSTEMS
4.6 LIFE CYCLE ANALYSIS, BY GEOGRAPHY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.2.1 VETRONICS MARKET, BY APPLICATION
5.2.2 VETRONICS MARKET, BY VEHICLE TYPE
5.2.3 VETRONICS MARKET, BY SUBSYSTEMS
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Upgradation of countries to network-centric warfare
5.3.1.2 Situational awareness
5.3.1.3 Embedded technology system commonality
5.3.1.4 Shift towards COTS enables improved SWaP specification
5.3.2 RESTRAINTS
5.3.2.1 Defense budget cuts
5.3.3 OPPORTUNITIES
5.3.3.1 Development of vetronics systems which are compatible with hybrid engines
5.3.3.2 Availability of new energy solutions
5.3.4 CHALLENGES
5.3.4.1 Power consumption
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 KEY INFLUENCERS
6.3 KEY TRENDS IN VETRONICS MARKET
6.3.1 CS 13
6.3.2 COTS (COMMERCIAL OFF-THE-SHELF)
6.3.3 VICTORY
6.4 VETRONICS PROCUREMENT FOR ARMORED VEHICLES , BY REGIONS
6.4.1 NORTH AMERICA
6.4.2 EUROPE
6.4.3 ASIA-PACFIC
6.4.4 THE MIDDLE EAST
6.4.5 ACTIVE PROTECTION SYSTEMS
6.4.6 INTEROPERABLE COMMUNICATION SYSTEMS
7 VETRONICS MARKET, BY APPLICATION
7.1 INTRODUCTION
7.2 DEFENSE
7.3 HOMELAND SECURITY
8 VETRONICS MARKET, BY VEHICLE TYPE
8.1 INTRODUCTION
8.2 MAIN BATTLE TANKS
8.3 LIGHT PROTECTED VEHICLES
8.4 AMPHIBIOUS ARMOURED VEHICLES
8.5 MINE RESISTANT AMBUSH PROTECTED (MRAP) VEHICLES
8.6 INFANTRY FIGHTING VEHICLES
8.7 ARMORED PERSONNEL CARRIERS
8.8 OTHERS
9 VETRONICS MARKET, BY SUBSYSTEM
9.1 INTRODUCTION
9.2 NAVIGATION SYSTEMS
9.3 OBSERVATION & DISPLAY SYSTEMS
9.4 C3 SYSTEMS
9.5 WEAPON CONTROL SYSTEMS
9.6 SENSOR & CONTROL SYSTEMS
9.7 VEHICLE PROTECTION SYSTEMS
9.8 POWER SYSTEMS
10 GEOGRAPHIC ANALYSIS
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 BY APPLICATION
10.2.2 BY VEHICLE TYPE
10.2.3 BY SUBSYSTEMS
10.2.4 BY COUNTRY
10.2.4.1 U.S.
10.2.4.2 Canada
10.3 EUROPE
10.3.1 BY APPLICATION
10.3.2 BY VEHICLE TYPE
10.3.3 BY SUBSYSTEMS
10.3.4 BY COUNTRY
10.3.4.1 U.K.
10.3.4.2 Germany
10.3.4.3 Russia
10.3.4.4 France
10.4 ASIA-PACIFIC
10.4.1 BY APPLICATION
10.4.2 BY VEHICLE TYPE
10.4.3 BY SUBSYSTEMS
10.4.4 BY COUNTRY
10.4.4.1 China
10.4.4.2 India
10.4.4.3 Australia
10.5 THE MIDDLE EAST
10.5.1 BY APPLICATION
10.5.2 BY VEHICLE TYPE
10.5.3 BY SUBSYSTEMS
10.5.4 BY COUNTRY
10.5.4.1 UAE
10.5.4.2 Saudi Arabia
10.5.4.3 Israel
10.6 REST OF THE WORLD
10.6.1 BY APPLICATION
10.6.2 BY VEHICLE TYPE
10.6.3 BY SUBSYSTEMS
10.6.4 BY REGION
10.6.4.1 Latin America
10.6.4.2 Africa
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 MARKET SHARE ANALYSIS
11.2.1 BRAND ANALYSIS
11.2.2 COMPETITIVE SITUATION AND TRENDS
11.2.3 CONTRACTS
11.2.4 NEW PRODUCT LAUNCHES
12 COMPANY PROFILES
12.1 INTRODUCTION
(Overview, Financials, Products & Services, Strategy, and Developments)*
12.2 THALES GROUP
12.3 SAAB GROUP
12.4 LOCKHEED MARTIN CORPORATION
12.5 GENERAL DYNAMICS CORPORATION
12.6 RAYTHEON COMPANY
12.7 CURTISS-WRIGHT CORPORATION
12.8 LEONARDO-FINMECCANICA S.P.A
12.9 RHEINMETALL AG
12.10 BAE SYSTEMS PLC.
12.11 HARRIS CORPORATION
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
13.4 AVAILABLE CUSTOMIZATION
13.5 RELATED REPORTS
Table 1 MAJOR CONFLICTS WORLDWIDE, 2002-2015
Table 2 APPLICATION ANALYSIS: VETRONICS MARKET
Table 3 VEHICLE TYPE ANALYSIS: VETRONICS MARKET
Table 4 SUBSYSTEMS ANALYSIS: VETRONICS MARKET
Table 5 KEY TREND ANALYSIS FOR CS 13
Table 6 KEY TREND ANALYSIS FOR COTS
Table 7 KEY TREND ANALYSIS FOR VICTORY
Table 8 NORTH AMERICA: CURRENT AND FUTURE OUTLOOK FOR VETRONICS PROCUREMENT IN ARMORED VEHICLES
Table 9 EUROPE: CURRENT AND FUTURE OUTLOOK FOR VETRONICS PROCUREMENT IN ARMORED VEHICLES
Table 10 ASIA-PACFIC: CURRENT AND FUTURE OUTLOOK FOR VETRONICS PROCUREMENT IN ARMORED VEHICLES
Table 11 THE MIDDLE EAST: CURRENT AND FUTURE OUTLOOK FOR VETRONICS PROCUREMENT IN ARMORED VEHICLES
Table 12 VETRONICS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
Table 13 VETRONICS MARKET SIZE IN DEFENSE APPLICATION, BY REGION, 2014-2021 (USD MILLION)
Table 14 VETRONICS MARKET SIZE IN HOMELAND SECURITY APPLICATION, BY REGION, 2014-2021 (USD MILLION)
Table 15 VETRONICS MARKET SIZE, BY VEHICLE TYPE , 2015-2021 (USD MILLION)
Table 16 VETRONICS MARKET SIZE, BY SUBSYSTEM, 2014-2021 (USD MILLION)
Table 17 NORTH AMERICA: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 18 NORTH AMERICA: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 19 NORTH AMERICA: VETRONICS MARKET SIZE , BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 20 U.S.: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 21 U.S.: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 22 U.S.: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 23 CANADA: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 24 CANADA: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 25 CANADA: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 26 EUROPE: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 27 EUROPE: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 28 EUROPE: VETRONICS MARKET SIZE, BY SUBSYSTEM, 2015-2021 (USD MILLION)
Table 29 U.K.: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 30 U.K.: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 31 U.K.: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 32 GERMANY: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 33 GERMANY: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 34 GERMANY: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 35 RUSSIA: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 36 RUSSIA: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 37 RUSSIA: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 38 FRANCE: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 39 FRANCE: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 40 FRANCE: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 41 ASIA-PACIFIC: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 42 ASIA-PACIFIC: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 43 ASIA-PACIFIC: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 44 CHINA: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 45 CHINA: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 46 CHINA: VETRONICS MARKET SIZE, BY SUBSYSTEMS , 2015-2021 (USD MILLION)
Table 47 INDIA: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 48 INDIA: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 49 INDIA: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 50 AUSTRALIA: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 51 AUSTRALIA: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 52 AUSTRALIA: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 53 MIDDLE EAST: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 54 MIDDLE EAST: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 55 MIDDLE EAST: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 56 UAE: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 57 UAE: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 58 UAE: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 59 SAUDI ARABIA: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 60 SAUDI ARABIA: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 61 SAUDI ARABIA: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 62 ISRAEL: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 63 ISRAEL: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 64 ISRAEL: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 65 ROW: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 66 ROW: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 67 ROW: VETRONICS MARKET SIZE, BY SUBSYSTEMS, 2015-2021 (USD MILLION)
Table 68 LATIN AMERICA: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 69 LATIN AMERICA: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 70 LATIN AMERICA: VETRONICS MARKET SIZE, BY SUBSYSTEM, 2015-2021 (USD MILLION)
Table 71 AFRICA: VETRONICS MARKET SIZE, BY APPLICATION, 2015-2021 (USD MILLION)
Table 72 AFRICA: VETRONICS MARKET SIZE, BY VEHICLE TYPE, 2015-2021 (USD MILLION)
Table 73 AFRICA: VETRONICS MARKET SIZE, BY SUBSYSTEM, 2015-2021 (USD MILLION)
Table 74 CONTRACTS, APRIL 2014 - JULY 2016
Table 75 NEW PRODUCT LAUNCHES, NOVEMBER 2013-JUNE 2016
The report presents a complete analysis of the global vehicle electronics market across the forecast period. It analyzes the factors that drive the market, challenges faced by the industry, factors that restrain the growth of the market, and opportunities for key industrial participants and industry players. It also portrays the key technology trends that may influence the global vetronics market.
It provides the complete market size of the global vehicle electronics market for military vehicles over the next six years and provides information on the market share of different sub-sectors for each region.
The report provides information of the leading competitors in the global vehicle electronics market and also provides details of their financial positions, key products, strategies, and developments.
The report also includes a qualitative analysis of the market by analyzing the pricing and cost analysis of the products. ETOP analysis of the overall market and SWOT analysis of the key market has been performed in the reports.
This research study involves the usage of extensive secondary resources, directories, and databases such as Hoovers, Bloomberg, business week, Factiva, Stockholm International Peace Research Institute (SIPRI), International Institute of Strategic Studies (IISS), and RAND Corporation to identify and collect information useful for an extensive, technical, market oriented, and commercial study of this market. The primary sources are mainly industry experts from the aerospace and defense industry, as well as preferred suppliers, manufacturers, solution providers, technology developers, alliances and organizations related to all the segments of this industry‟s value chain. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information as well as to assess the future prospects of the market. A deductive approach also known as the „top-down‟ approach was also used to forecast certain application segments (defense and homeland security) in the market.
In the extensive secondary research process for this research study, several hundreds of secondary sources such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and databases were used to identify and collect information useful for this extensive technical and commercial study of this global market.
In the extensive primary research process done for this research study, the primary sources–industry experts such as CEOs, Vice Presidents, Marketing Director, Technology & Innovation Directors, Founders and related key executives from various key companies, organizations in the aerospace & defense industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
Secondary research was mainly used to obtain key information about the industry‟s revenue pocket, market‟s monetary chain, total pool of key players, the end-user applications, market classification, and segmentation according to industry trends to the bottom-most level, geographical markets, and key developments from both the market and technology oriented perspectives.
After the complete market engineering to calculate market statistics, market size estimations, market forecast, market crackdown, and data triangulation was carried out. Extensive primary research was mainly used to gather information, verify and validate critical numbers arrived at, corroborate segmentation types, industry trends, key players, competitive landscape, along with key market dynamics such as drivers, restraints, & opportunities, key player strategies, the industry value chain, and product lifecycle.
For the complete market engineering carried out for the total market crackdown, top-down and bottom-up approaches were used extensively along with several data triangulation methods to perform market estimation and market forecast for all the overall segment and sub-segment markets listed in this report.
