Summary

The global vetronics market size reached US$ 3.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.

Vetronics, or vehicle electronics, refers to the collection of various electronic subsystems within an automobile. It is primarily used by military units to integrate systems, such as communication, command, navigation, surveillance and vehicle health management. It consists of various automotive electronic technologies, such as autonomous driving, sensors and secure communications systems. These systems are integrated with battle tanks, and light-protected, armored and infantry fighting vehicles. They are also equipped with sophisticated technologies, such as HD video calling, advanced threat detection sensors, high bandwidth networking and portable power systems.

Significant growth in the automotive industry is one of the key factors driving the growth of the market. Furthermore, the increasing focus of military and defense services on enhancing their situational awareness is also providing a boost to the market growth. Owing to the rising concerns regarding geopolitical unrest and cross-border security, along with increasing instances of border breaching, there is widespread adoption of vetronics for improving inter- and intra-vehicle communications, surveillance and navigation. Additionally, various technological advancements, including the emergence of wireless communications technology and increasing modernization of military vehicles, are also creating a positive impact on the market. For instance, unmanned vehicles (UMV) and drones are used for surveillance purposes, along with various commercial applications, such as capturing images and videos of sporting events and cityscapes. Other factors, including the availability of cost-effective components and increasing government investments in the defense sector, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vetronics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on application, vehicle type, subsystem and fit.

Breakup by Application:

Defense
Homeland Security

Breakup by Vehicle Type:

Main Battle Tanks
Light Protected Vehicles
Amphibious Armoured Vehicles
Mine Resistant Ambush Protected (MRAP) Vehicles
Infantry Fighting Vehicles
Armored Personnel Carriers
Others

Breakup by Subsystem:

Navigation Systems
Observation and Display Systems
C3 Systems
Weapon Control Systems
Sensor and Control Systems
Vehicle Protection Systems
Power Systems
Others

Breakup by Fit:

Line-Fit
Retrofit

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being BAE Systems PLC, Curtiss-Wright Corporation, General Dynamics Corporation, Harris Corporation, Leonardo-Finmeccanica S.P.A, Lockheed Martin Corporation, Raytheon Company, Rheinmetall AG, Saab Group, Thales Group, etc.

Key Questions Answered in This Report:
How has the global vetronics market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global vetronics market?
What is the breakup of the market based on the application?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the subsystem?
What is the breakup of the market based on the fit?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global vetronics market and who are the key players?
What is the degree of competition in the industry?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vetronics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Application
6.1 Defense
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Homeland Security
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Vehicle Type
7.1 Main Battle Tanks
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Light Protected Vehicles
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Amphibious Armoured Vehicles
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Mine Resistant Ambush Protected (MRAP) Vehicles
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Infantry Fighting Vehicles
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Armored Personnel Carriers
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Subsystem
8.1 Navigation Systems
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Observation and Display Systems
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 C3 Systems
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Weapon Control Systems
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Sensor and Control Systems
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Vehicle Protection Systems
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Power Systems
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Fit
9.1 Line-Fit
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Retrofit
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Price Indicators
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 BAE Systems PLC
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Curtiss-Wright Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 General Dynamics Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Harris Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Leonardo-Finmeccanica S.P.A
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Lockheed Martin Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Raytheon Company
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Rheinmetall AG
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Saab Group
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Thales Group
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials

List of Figures

Figure 1: Global: Vetronics Market: Major Drivers and Challenges
Figure 2: Global: Vetronics Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Vetronics Market: Breakup by Application (in %), 2023
Figure 4: Global: Vetronics Market: Breakup by Vehicle Type (in %), 2023
Figure 5: Global: Vetronics Market: Breakup by Subsystem (in %), 2023
Figure 6: Global: Vetronics Market: Breakup by Fit (in %), 2023
Figure 7: Global: Vetronics Market: Breakup by Region (in %), 2023
Figure 8: Global: Vetronics Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Vetronics (Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Vetronics (Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Vetronics (Homeland Security) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Vetronics (Homeland Security) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Vetronics (Main Battle Tanks) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Vetronics (Main Battle Tanks) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Vetronics (Light Protected Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Vetronics (Light Protected Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Vetronics (Amphibious Armoured Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Vetronics (Amphibious Armoured Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Vetronics (Mine Resistant Ambush Protected Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Vetronics (Mine Resistant Ambush Protected Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Vetronics (Infantry Fighting Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Vetronics (Infantry Fighting Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Vetronics (Armored Personnel Carriers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Vetronics (Armored Personnel Carriers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Vetronics (Other Vehicle Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Vetronics (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Vetronics (Navigation Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Vetronics (Navigation Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Vetronics (Observation and Display Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Vetronics (Observation and Display Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Vetronics (C3 Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Vetronics (C3 Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Vetronics (Weapon Control Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Vetronics (Weapon Control Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Vetronics (Sensor and Control Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Vetronics (Sensor and Control Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Vetronics (Vehicle Protection Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Vetronics (Vehicle Protection Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Vetronics (Power Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Vetronics (Power Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Vetronics (Other Subsystems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Vetronics (Other Subsystems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Global: Vetronics (Line-Fit) Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Global: Vetronics (Line-Fit) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Global: Vetronics (Retrofit) Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Global: Vetronics (Retrofit) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: North America: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: North America: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: United States: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: United States: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Canada: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Canada: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Asia Pacific: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Asia Pacific: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: China: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: China: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Japan: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Japan: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: India: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: India: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: South Korea: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: South Korea: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Australia: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Australia: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Indonesia: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Indonesia: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Europe: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Europe: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Germany: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Germany: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: France: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: France: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: United Kingdom: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: United Kingdom: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Italy: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Italy: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Spain: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Spain: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Russia: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Russia: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Others: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Others: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Latin America: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Latin America: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Brazil: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Brazil: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Mexico: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 90: Mexico: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Others: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 92: Others: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Middle East and Africa: Vetronics Market: Sales Value (in Million US$), 2018 & 2023
Figure 94: Middle East and Africa: Vetronics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 95: Global: Vetronics Industry: SWOT Analysis
Figure 96: Global: Vetronics Industry: Value Chain Analysis
Figure 97: Global: Vetronics Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Vetronics Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Vetronics Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 3: Global: Vetronics Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 4: Global: Vetronics Market Forecast: Breakup by Subsystem (in Million US$), 2024-2032
Table 5: Global: Vetronics Market Forecast: Breakup by Fit (in Million US$), 2024-2032
Table 6: Global: Vetronics Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Vetronics Market: Competitive Structure
Table 8: Global: Vetronics Market: Key Players