Vetronics Market: By Vehicle Type (Main Battle Tank, Light Protected Vehicles, Amphibious Armored Vehicles, Mine resistant ambush protected, Infantry Fighting Vehicle, Armored Personnel Carriers, and Others), By Subsystem Type (Communication & Navigation, Observation and Display Systems, C3 Systems, Weapon Control Systems, Sensor & Control Systems, Vehicle protection Systems, and Power Systems), By Application Type (Defense, and Homeland Security) and Geography  

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Vetronics Market size was valued at USD 5,842.3 million in 2023 and is poised to grow at a significant CAGR of 5.1% over 2024–2030. Vetronics, or vehicle electronics, denotes as a gathering of various electronic subsystems within an automobile. It includes several automotive electronic technologies, for example, autonomous driving, sensors, and secure communications systems. These systems are joined with battle tanks, and light-protected, armoured vehicle, and infantry fighting vehicles. They also offer sophisticated technologies, such as HD video calling, advanced threat detection sensors, high bandwidth networking, and portable power systems. With these advanced features of vetronics devices, it has extensive application in various sectors such as mainly used by military units to integrate systems, such as communication, command, navigation, surveillance, and vehicle health management, consequently these factors are primarily driving the vetronics market growth.

Moreover, with continuous technological developments, and modernization of the vetronics system (Open Architecture), multiple government agencies, including NATO, the Ministry of Defense of various regions, and the military Vetronics Association (MILVA), have made considerable strategies to accomplish vetronics system standardization with time. Various military modernization programs have started, for instance, American Rheinmetall Systems recently signed a contract to confirm the modernization of US army combat vehicles. Rheinmetall would be working on cutting-edge combat vehicle mission systems capabilities in the US combat fleet to help uphold its position on the battlefield.  Also, a number of US programs throughout the 2000s entailed hybrid vehicles comprising varied electronic systems developed by either collaborative government-commercial or exclusively commercial ventures. With increasing R&D expenditure of defense and commercial companies in the defense, the vetronics sector is anticipated to result in the development of new and innovative electronics products and services, consequently would create plenty of opportunities to the vetronics market growth.

Vetronics Market Key Developments:
  • In July 2021, The US Army signed a USD 72.5 million contract with BAE Systems to provide digital vetronics for artillery armored combat vehicles. The M109A7 armored combat vehicle will be upgraded with digital vetronics and a modern power system.
  • In June 2021, BAE Systems chose Elbit for vetronics sensors and active protection for a Swedish armored combat vehicle. The CV90 is a tracked combat vehicle developed in Sweden in the mid-1980s that entered service in the mid-1990s.

Vetronics Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.1%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Vetronics Market Dynamics

The modern battlefield necessitates dynamic forces capable of acting quickly and precisely. Modern militaries are focusing on implementing cutting-edge network technologies to capitalize on the information advantage. Different countries' militaries are developing their arsenal to improve situational awareness, streamline decision-making, and increase mission effectiveness by linking sensors, commanders, and shooters in a fully networked environment. The French Army, for example, announced plans to invest USD 12 billion in the SCORPION military modernization program in 2020. The program includes the purchase of new armoured vehicles as well as the upgrade of existing armor assets. Another case in point is the Franco-German Main Ground Combat System (MGCS), a joint effort to develop main battle tanks that will eventually replace Germany's Leopard 2 and France's Leclerc by 2035. Thus, the acquisition of new vehicles and the modernization of existing armored vehicles are driving the growth of the military vetronics market.

Vetronics Market Segmentation

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 Type
  • Communication & Navigation
  • Observation and Display Systems
  • C3 Systems
  • Weapon Control Systems
  • Sensor & Control Systems
  • Vehicle protection Systems
  • Power Systems
By Application
  • Defense
  • Homeland Security

Frequently Asked Questions

Vetronics, or vehicle electronics, denotes as a gathering of various electronic subsystems within an automobile. It comprises several automotive electronic technologies, for example, autonomous driving, sensors, and secure communications systems. These systems are linked with battle tanks, and light-protected, armored, and infantry fighting vehicles.

Key players’ profiles in the vetronics market report are SAAB Group (Sweden), hales Group (U.S.), Raytheon Company (U.S.), Lockheed Martin Corporation (U.S.), General Dynamics Corporation (U.S.), Rheinmetall AG (Germany), Curtiss Wright Corporation (U.S.), Elbit Systems (Israel).

A rise in demand for technological advanced products, continuous modernization of the vetronics system, increasing research & development sector, and military modernization plans.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Vetronics Market Introduction 
2.1.Global Vetronics Market  - Taxonomy
2.2.Global Vetronics Market  - Definitions
2.2.1.By Vehicle Type
2.2.2.By Subsystem Type
2.2.3.By Application 
2.2.4.Region
3.Global Vetronics Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Vetronics Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Vetronics Market By Vehicle Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Main Battle Tank
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Light Protected Vehicles
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Amphibious Armored Vehicles
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Mine resistant ambush protected
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Infantry Fighting Vehicle
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Armored Personnel Carriers
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Others
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
6.Global Vetronics Market   By Subsystem Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Communication & Navigation
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Observation and Display Systems
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. C3 Systems
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Weapon Control Systems
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Sensor & Control Systems
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Vehicle protection Systems
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Power Systems
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7.Global Vetronics Market  By Application , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Defense
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Homeland Security
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Vetronics Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Vetronics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. By Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Main Battle Tank
9.1.2.Light Protected Vehicles
9.1.3.Amphibious Armored Vehicles
9.1.4.Mine resistant ambush protected
9.1.5.Infantry Fighting Vehicle
9.1.6.Armored Personnel Carriers
9.1.7.Others
9.2.  By Subsystem Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Communication & Navigation
9.2.2.Observation and Display Systems
9.2.3.C3 Systems
9.2.4.Weapon Control Systems
9.2.5.Sensor & Control Systems
9.2.6.Vehicle protection Systems
9.2.7.Power Systems
9.3.  By Application  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Defense
9.3.2.Homeland Security
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Vetronics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. By Vehicle Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Main Battle Tank
10.1.2.Light Protected Vehicles
10.1.3.Amphibious Armored Vehicles
10.1.4.Mine resistant ambush protected
10.1.5.Infantry Fighting Vehicle
10.1.6.Armored Personnel Carriers
10.1.7.Others
10.2.  By Subsystem Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Communication & Navigation
10.2.2.Observation and Display Systems
10.2.3.C3 Systems
10.2.4.Weapon Control Systems
10.2.5.Sensor & Control Systems
10.2.6.Vehicle protection Systems
10.2.7.Power Systems
10.3.  By Application  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Defense
10.3.2.Homeland Security
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Vetronics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. By Vehicle Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Main Battle Tank
11.1.2.Light Protected Vehicles
11.1.3.Amphibious Armored Vehicles
11.1.4.Mine resistant ambush protected
11.1.5.Infantry Fighting Vehicle
11.1.6.Armored Personnel Carriers
11.1.7.Others
11.2.  By Subsystem Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Communication & Navigation
11.2.2.Observation and Display Systems
11.2.3.C3 Systems
11.2.4.Weapon Control Systems
11.2.5.Sensor & Control Systems
11.2.6.Vehicle protection Systems
11.2.7.Power Systems
11.3.  By Application  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Defense
11.3.2.Homeland Security
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Vetronics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. By Vehicle Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Main Battle Tank
12.1.2.Light Protected Vehicles
12.1.3.Amphibious Armored Vehicles
12.1.4.Mine resistant ambush protected
12.1.5.Infantry Fighting Vehicle
12.1.6.Armored Personnel Carriers
12.1.7.Others
12.2.  By Subsystem Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Communication & Navigation
12.2.2.Observation and Display Systems
12.2.3.C3 Systems
12.2.4.Weapon Control Systems
12.2.5.Sensor & Control Systems
12.2.6.Vehicle protection Systems
12.2.7.Power Systems
12.3.  By Application  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Defense
12.3.2.Homeland Security
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Vetronics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. By Vehicle Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Main Battle Tank
13.1.2.Light Protected Vehicles
13.1.3.Amphibious Armored Vehicles
13.1.4.Mine resistant ambush protected
13.1.5.Infantry Fighting Vehicle
13.1.6.Armored Personnel Carriers
13.1.7.Others
13.2.  By Subsystem Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Communication & Navigation
13.2.2.Observation and Display Systems
13.2.3.C3 Systems
13.2.4.Weapon Control Systems
13.2.5.Sensor & Control Systems
13.2.6.Vehicle protection Systems
13.2.7.Power Systems
13.3.  By Application  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Defense
13.3.2.Homeland Security
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.SAAB Group (Sweden)
14.2.2.hales Group (U.S.)
14.2.3.Raytheon Company (U.S.)
14.2.4.Lockheed Martin Corporation (U.S.)
14.2.5.General Dynamics Corporation (U.S.)
14.2.6.Rheinmetall AG (Germany)
14.2.7.Curtiss Wright Corporation (U.S.)
14.2.8.Elbit Systems (Israel)
14.2.9.Leonardo-Finmeccanica SPA (Italy)
14.2.10.Harris Corporation (U.S.)
14.2.11.BAE Systems (U.K)
15. Research Methodology 
16. Appendix and Abbreviations 
  • SAAB Group (Sweden)
  • hales Group (U.S.)
  • Raytheon Company (U.S.)
  • Lockheed Martin Corporation (U.S.)
  • General Dynamics Corporation (U.S.)
  • Rheinmetall AG (Germany)
  • Curtiss Wright Corporation (U.S.)
  • Elbit Systems (Israel)
  • Leonardo-Finmeccanica SPA (Italy)
  • Harris Corporation (U.S.)
  • BAE Systems (U.K)

Adjacent Markets