Vetronic Trends and Forecast
The future of the global vetronic market looks promising with opportunities in the main battle tank, light combat vehicle, armored personnel carrier, and infantry fighting vehicle markets. The global vetronic market is expected to reach an estimated $4.1 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing emphasis on improving situational awareness within the armed forces and defense agencies, accessibility of affordable parts and rising public spending on the military industry, as well as, increasing modernization of military vehicles.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Vetronic by Segment
The study includes a forecast for the global vetronic by vehicle type, platform, system, and region.
Vetronic Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Main Battle Tank
• Light Combat Vehicles
• Armored Personnel Carriers
• Infantry Fighting Vehicle
• Others
Vetronic Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
• Homeland Security
• Military
Vetronic Market by System [Shipment Analysis by Value from 2018 to 2030]:
• Weapon & Control System
• Command & Communication
• Navigation & Display
• Sensor & Optronics
• Power System
• Others
Vetronic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Vetronic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vetronic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vetronic companies profiled in this report include-
• Raytheon Technologies Corporation
• Curtiss-Wright Corporation
• Lockheed Martin Corporation
• General Dynamics Corporation
• L3Harris Technologies
• Thales Group
• Rheinmetall
Vetronic Market Insights
Lucintel forecasts that homeland security is expected to witness the higher growth over the forecast period.
Within this market, infantry fighting vehicle is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Vetronic Market
Market Size Estimates: Vetronic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Vetronic market size by vehicle type, platform, system, and region in terms of value ($B).
Regional Analysis: Vetronic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle type, platform, system, and regions for the vetronic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vetronic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the vetronic market size?
Answer: The global vetronic market is expected to reach an estimated $4.1 billion by 2030.
Q2. What is the growth forecast for vetronic market?
Answer: The global vetronic market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the vetronic market?
Answer: The major drivers for this market are increasing emphasis on improving situational awareness within the armed forces and defense agencies, accessibility of affordable parts and rising public spending on the military industry, as well as, increasing modernization of military vehicles.
Q4. What are the major segments for vetronic market?
Answer: The future of the global vetronic market looks promising with opportunities in the main battle tank, light combat vehicle, armored personnel carrier, and infantry fighting vehicle markets.
Q5. Who are the key vetronic market companies?
Answer: Some of the key vetronic companies are as follows:
• Raytheon Technologies Corporation
• Curtiss-Wright Corporation
• Lockheed Martin Corporation
• General Dynamics Corporation
• L3Harris Technologies
• Thales Group
• Rheinmetall
Q6. Which vetronic market segment will be the largest in future?
Answer: Lucintel forecasts that homeland security is expected to witness the higher growth over the forecast period.
Q7. In vetronic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the vetronic market by vehicle type (main battle tank, light combat vehicles, armored personnel carriers, infantry fighting vehicle, and others), platform (homeland security and military), system (weapon & control system, command & communication, navigation & display, sensor & optronics, power system, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Vetronic Market, Vetronic Market Size, Vetronic Market Growth, Vetronic Market Analysis, Vetronic Market Report, Vetronic Market Share, Vetronic Market Trends, Vetronic Market Forecast, Vetronic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.