#Military Vetronics

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Military Vetronics Market Region, Application, Driver, Trends & Forecasts by 2031

We are thrilled to announce the release of our highly anticipated report, " Military Vetronics Market Share, and Size Analysis| 2031" This in-depth analysis represents a significant milestone for The Insight Partners, demonstrating its commitment to delivering cutting-edge market intelligence that empowers businesses to thrive in the ever-evolving landscape of the Military Vetronics market.

The segment-based research aims to provide customers with an in-depth examination of the opportunities and challenges facing businesses in the Military Vetronics market. It provides precise future estimates together with a thorough coverage of the major issues affecting the organization. Based on objective market situation coverage, investors may make well-informed selections.

The Military Vetronics market research study guides organizations on market economics by identifying market size, revenue potential, and total market share. The company needs to comprehend its clientele and the demand it creates to focus on a smaller selection of items. Through this chapter, market size assists businesses in estimating demand in specific marketplaces and comprehending projected patterns for the future.

Why Get into Business with Us?

Exact valuation and key facts about the Military Vetronics market | 2030

Value proposition analysis that helps businesses revise their offerings timely

Marketing and segmentation strategies for new entrants in the Military Vetronics market

Competitive Military Vetronics market growth strategies for market participants

Latest trends and technologies in the Military Vetronics market

What are our Military Vetronics Market Report Offerings?

A Comprehensive Dive into Military Vetronics Market Dynamics: In Military Vetronics market analysis, The Insight Partners's team of seasoned experts conducts an exhaustive analysis of the current state of the Military Vetronics market. The report delves into key trends, challenges, and growth prospects, providing stakeholders with a 360-degree view of the market dynamics. By focusing on the broader market landscape, the report equips businesses with the knowledge needed to make informed decisions in an increasingly complex environment.

Pioneering Insights and Future Trends: What sets our research report apart is its commitment to delivering pioneering insights. The report goes beyond traditional market analyses, providing a forward-looking perspective on emerging Military Vetronics market trends that are poised to shape the future of the Military Vetronics market. By anticipating shifts and innovations, businesses can proactively position themselves to capitalize on new opportunities and navigate potential challenges.

Unraveling the Competitive Landscape: One of the key strengths of our report lies in its detailed assessment of the competitive landscape. The report identifies and analyzes key players in the Military Vetronics market, offering valuable insights into their strategies, Military Vetronics market size, and potential areas for differentiation. This comprehensive understanding enables businesses to benchmark their performance, identify strategic partnerships, and stay ahead in a competitive marketplace.

Consumer-Centric Analysis: Understanding consumer behavior is a cornerstone of successful business strategies. Military Vetronics Market forecast incorporates a detailed analysis of consumer trends, preferences, and purchasing patterns. By unraveling the intricacies of consumer behavior, businesses can tailor their offerings to meet evolving customer needs, enhancing customer satisfaction and loyalty.On the Basis of Vehicle Type this market is categorized further into-

Light Protected Vehicles

Unmanned Ground Vehicles

Armored Amphibious Vehicles

Special Purpose Vehicles

On the Basis of System this market is categorized further into-

Communication

Navigation

C4 Systems

Power Systems

Key regions Military Vetronics Market Research Report:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.

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Vetronics Market | Global Trends & Military Opportunities

Technology has significantly advanced, playing a crucial role in several industries. The paradigm for R&D in the defense sector has evolved investments in vetronics. This is a result of the growing trend across different defense forces to equip military vehicles with technologically sophisticated electronic systems.

According to our experts, the global vetronics market was valued at $3668.33 million in 2021 and is expected to reach $5372.01 million by 2028, with a CAGR of 5.62% during the forecast period 2022-2028.

Vetronics, also known as vehicle electronics, enables military units to implement and integrate systems such as communication, command and control, vehicle warfare, navigation, vehicle protection, and surveillance. Over the years, its relevance has increased as defense departments seek to make their armed forces lighter, faster, and more deployable.

Integration of Digitalization in Battlefield Operations

The digitization of domains such as communication and surveillance is critical in the integrated operations of the modern battlefield. Electronic warfare has already been adopted as a sub-domain by the majority of advanced nations. They actively engage in advanced capability research to equip their forces and gain a tactical advantage over their competitors.

For example, the US Army is testing the Electronic Warfare Tactical Vehicle (EWTV), containing an unspecified specification of radio jamming equipment. It can detect and disrupt a wide range of signals, from cellphones to enemy UAV control links.

Factors such as ease of deployment and a broad range of sensing and disruption are key features incorporated in modern armored vehicle-mounted jamming systems that increase their utility. The rapid adoption of such technology is expected to drive the studied market during the forecast period.

Additionally, the ongoing military modernization programs in respective armies worldwide have increased the number of land-based vehicles. Our study suggests tanks are the fastest growing land-based fleet type segment, with a CAGR of 5.82% during the forecast period. The development is due to the interconnection systems of the new tanks. The technological update enables tanks to integrate with wheeled armored vehicles outfitted with standard vetronics to collect and transform battlefield sensor data into high-value security and combat services.

Impact of Competitors’ Strategic Initiatives

The global vetronics market is highly fragmented, with key players controlling significant market shares. Major companies like Thales Group, Lockheed Martin Corporation, and L3Harris Technologies continue to invest in the R&D of military robotics and related subsystems. Such measures have enabled them to expand the spectrum of applications for their distinctive and exclusive product line of vetronics.

The market participants’ operations focus on designing, engineering, and manufacturing high-performance vetronics for the world’s armed forces’ terrestrial assets. Furthermore, because a contract for armored vehicles necessitates high technological expertise, the companies are merging to enhance their current portfolio.

Some of the examples are listed below-

Collins Aerospace Military Global Positioning System (GPS) division was successfully acquired by BAE Systems, bringing decades of experience, cutting-edge technology, and a sizable installed base of products.

With the purchase of Gemalto by Thales for €4.8 billion, the acquisition will cover every step of the important decision-making process in the digital age, from sensor-generated data to real-time decision support.

Curtiss-Wright Corporation announced on July 5, 2022, that it had successfully acquired the Safran Aerosystems Arresting Company (SAA) for $240 million in cash. The acquisition of Safran’s arresting systems division solidifies Curtiss-position Wright as the world’s leading recovery and arresting systems provider for fixed-wing aircraft. Curtiss-Naval Wright’s & Power division will include the company.

Key Challenges & Regional Opportunities

Although cuts in the defense budget and the rising cost of raw materials can challenge the vetronics market, it is continuously expanding due to breakthrough technology in military vehicles.

The current fiscal condition worldwide is the key barrier to the market’s expansion. Many emergent breakthroughs offer considerable long-term benefits but need significant investments in deploying new technologies and platforms.

Based on the global scenario, the North America vetronics market held the largest share in 2021 and is expected to maintain its stronghold throughout the forecasting period. The region is witnessing considerable growth, owing to its military and government efforts to modernize its army and fleet.

Additionally, the United States is the key contributor to the regional market, accounting for 96.93% of the share in 2021. The country’s large market share is due to the rapid development of venture capital markets. For instance, American Rheinmetall Systems has received a multi-million-dollar investment to offer cutting-edge combat vehicle mission systems technologies to support the modernization of US Army combat vehicles.

FAQ

Ques 1: Which segments are studied in the Vetronics Market?

Land-based fleet type, component and vertical are the segments studied in vetronics market.

Ques 2: What are the key component of vetronics market?

Electronic Warfare & C4 Systems, Navigation Systems, Power Systems, and Vehicle Protection Systems are the key component of vetronics market.

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Global Defense Vetronics Market Size

The term "vehicle electronics," or "veterronics," describes the grouping of different electronic components found in a car. Military units use it mostly for system integration, including command, communication, navigation, surveillance, and vehicle health management. It is made up of several vehicle electrical technologies, including secure communications systems, sensors, and autonomous driving. Battle tanks, light-protected, armoured, and infantry fighting vehicles are all incorporated with these technologies. Additionally, they have high-tech features including portable power systems, high-bandwidth networking, smart threat detection sensors, and HD video calling.

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Military Vetronics Market Size, Share

The global military vetronics market size is projected to reach USD 8.22 billion by 2027, exhibiting a CAGR of 3.68% during the forecast period. Development of autonomous combat systems for military vehicles will ensure multi-dimensional growth of this market, observes Fortune Business Insights™ in its report, titled “Military Vetronics Market Size, Share and Global Trend by Product Type (Communication & Navigation Systems, Power System, Display System, C4 Systems, and Others) By Platform (Unmanned Ground Vehicles, Armored Amphibious Vehicles, Light Protected Vehicles, Special Purpose Vehicles, and Others) By Application (OEM and Aftermarket), and Regional Forecast, 2023-2027”. Battlefield environments are rapidly changing and modern warfare strategies require a heavy infusion of smart technologies to enhance alertness and augment the capabilities of the armed forces. In view of these evolving dynamics, defense agencies are conducting intense research to develop new technologies and equip combat vehicles with smart tools. For example, the Army Research Laboratory Artificial Intelligence for Maneuver and Mobility (AIMM) program under the U.S. Army Combat Capabilities Development Command aims to create AI-enabled vehicles that can serve robotic partners to ground troops, boosting their strength and combat capacities. The incorporation of next-generation technologies such as AI in defense systems will open new doors of innovation in the military vetronics domain.

Information Source - 

The report states that the market value stood at USD 6.48 billion in 2019 and offers the following:

Careful segmentation of the market and detailed analysis of each segment;

Unparalleled insights into the market drivers, trends, and challenges;

A comprehensive evaluation of the regional dynamics of the market; and

In-depth research into the key players’ profiles and their preferred strategies.

Restraining Factor

Economic Fallout of COVID-19 to Lead to Defense Cuts in Several Countries

The global economic crisis precipitated by the COVID-19 pandemic has forced countries to reprioritize their spending. According to the World Bank, the world economy could shrink by 8% in 2020, if financial crises in major economies continue to intensify. The International Monetary Fund (IMF) projects that output from the Eurozone could decline by 10.2% in 2020, with recovery expected to begin towards the end of 2022. These projections have spelled serious for defense sectors in most of the major economies. In India, for example, the Indian Finance Ministry instructed ministries to cut their expenditures and experts believe that defense cuts could go as low as 40% in 2020. Moreover, the nationwide lockdown between March and May 2020 led to an estimated loss of USD 3 billion for Indian defense companies. In the UK, the government has suspended budget announcement for 2021 and has undertaken an Integrated Security and Defense Review to rethink spending priorities, which are likely to lead to defense budget cuts. The military vetronics market growth is likely to suffer in this scenario.

Regional Insights

North America Market to Gain Momentum Powered by High Defense Spending by the US

In 2019, North America led the military vetronics market share with a market size of USD 2.22 billion and is expected to continue its impressive performance during the forecast period. This is primarily attributable to the massive military expenditure of the US. The country is also making heavy investments in developing and procuring advanced military technologies, which will further drive the regional market.     

In Asia Pacific, China and India are shaping the market dynamics as both countries have steadily expanded their military budgets over the past few decades. Furthermore, the constant threat of terrorist activities and increasing cross-border animosity among countries is also supporting the adoption of advanced defense technologies in the region.

Competitive Landscape

Key Players to Focus on Engaging with Government Defense Agencies

Competition in this market is characterized by the deepening engagement between government defense agencies and private defense companies. The main reason behind these public-private collaborations is that private companies provide the necessary technologies, while government agencies provide the required financial support, creating an exciting dynamic in the defense sector.

Industry Developments:

August 2020: Melbourne-based defense integrator, Tectonica, bagged a USD 25 million contract from the Australian Defense Ministry to build situational awareness systems for the country’s new fleet of Boxer Combat Reconnaissance Vehicles. The vehicles are being built by Rheinmetall Defence in Queensland.

June 2020: India’s Ministry of Defence cleared the procurement of 156 BMP 2 Infantry Vehicles for the Indian Army to modernize the existing infantry combat vehicle fleet of the Army. The total cost of the project is estimated to be INR 1,100crore.

List of Key Companies Profiled in the Military Vetronics Market Report:

Curtis Wright Corporation (The U.S.)

Thales Group (France)

Rheinmetall AG (Germany)

Lockheed Martin Corporation (The U.S.)

L3Harris Technologies, Inc. (The U.S.)

BAE Systems (The U.K)

Oshkosh Corporation (The U.S.)

Saab AB (Sweden)

Raytheon Technologies Corporation (The U.S.)

Leonardo S.p.A (Italy)

General Dynamics Corporation (The U.S.)

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Wireless Infrastructure Market Business Opportunities, Competitive Landscape and Industry Analysis Report by 2029

The global wireless infrastructure market size stood at USD 178.56 billion in 2021. The market is anticipated to rise from USD 202.43 billion in 2022 to USD 427.43 billion by 2029, at an 11.27% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Wireless Infrastructure Market, 2022-2029.” The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has deep-dived into SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. 

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According to the analysis, surging demand for high-speed data across the residential and commercial sectors will trigger investments across emerging and advanced economies. A notable trend for satellite-based connectivity for the marine and defense sector will encourage investments in the portfolio. Bullish investments in 5G could provide promising growth opportunities over the next few years.

Major Players Profiled in the Report:

Capgemini Engineering (France)

Ciena Corporation (U.S.)

Cisco Systems, Inc. (U.S.)

D-Link Corporation (Taiwan)

Fujitsu (Japan)

Huawei Technologies co., Ltd. (China)

NEC Corporation (Japan)

NXP Semiconductor (Netherlands)

Qualcomm Technologies Inc. (U.S.)

ZTE Corporation (China)

Telefonaktiebolaget LM Ericsson (Sweden)

Nokia (Finland)

SAMSUNG (South Korea)

Mavenir (U.S.)

Segments

5G Connectivity to Remain Dominant with Rising Demand for High Speed

In terms of connectivity, the market is segregated into 3G, 2G, 4G & LTE, 5G, and satellite. The 5G segment will grow at a robust rate due to rising demand for broader connections, high-speed, and low latency. Growing usage of smart devices will further propel the demand for 5G technology.

Macro-cell to be Sought-after to Boost IoT, Mobile Device Coverage

With respect to infrastructure, the market is segregated into small cell, mobile core, carrier Wi-Fi, macro-cells, SATCOM, Radio Access Network (RAN), Distributed Antenna System (DAS), cloud RAN, and backhaul. The macro-cells segment will observe a notable CAGR during the forecast period, largely due to the need to boost mobile device, smartphone, and IoT device coverage.

Government & Defense Sector to Exhibit Profound Demand with Rising Investments in Military Domain

On the basis of the platform, the market is classified into commercial and government & defense. The government & defense segment is further sub-divided into homeland security, defense, and government institutions/agencies. The government & defense segment will grow due to soaring investments in the military and maritime sectors.

Report Coverage

The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers, and journals.

Drivers and Restraints

Trend for IoT-based Electronic Devices to Drive Innovations

An exponential rise in data usage on defense vetronics and smartphones could spur the wireless infrastructure market share. Bullish demand for sensors, receivers, transmitters, and processors will augur well for the industry growth. To illustrate, in October 2021, COMSovereign collaborated with Total Network Solutions (TNS) to explore how blockchain technology could improve wireless network security in the U.S. Besides, soaring demand for advanced electronics devices in the aerospace and defense sector could expedite investments across the globe. However, prevailing concerns such as breaches of data privacy and network breach could impede the industry growth.

Regional Insights

North America to Provide Promising Opportunities with Presence of Leading Companies

The U.S. and Canada could witness investments galore in the wake of the growing expansion of 5G networks and infusion of funds into the military and defense sectors. Increased demand for satellite connections will spur the demand for autonomous vehicle infrastructure will bode well for the regional growth. Prominently, industrial automation could encourage leading companies to invest in North America.

Europe wireless infrastructure market growth will be pronounced with following the implementation of robust policies. Major companies, such as Deutsche Telekom, Ericsson, Inmarsat plc and Three UK, are expected to expedite investments in advanced wireless infrastructure solutions.

The Asia Pacific market outlook will be strong on the back of the expansion of smartphone users across China, India, and Australia. Wireless communication devices are expected to be sought-after as the demand for higher-speed and low latency continues to surge across the region. It is worth noting that the digitalization of the maritime and defense sector will bode well for regional growth.

Competitive Landscape

Major Players Emphasize Meeting High Bandwidth Demand to Boost Portfolios

Leading companies are expected to invest in organic and inorganic strategies, including product launches, mergers & acquisitions, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.

Key Industry Development

November 2021 - T-Mobile Polska rolled out Long-Haul 400GbE Service with Ciena to keep up with the demand for high bandwidth from cloud and data services applications.

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Integration of 5G Technology Contributes to Global Military Communication Market Growth

As per Inkwood Research, the Global Military Communication Market is anticipated to grow with a CAGR of 3.75% in terms of revenue over the forecast period of 2023-2032.

“Browse 54 market Data Tables and 44 Figures spread over 175 Pages, along with an in-depth TOC on the Global Military Communication Market Forecast 2023-2032.”

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Military communication is established on a sophisticated network of personnel, resources, as well as protocols that enable information sharing between various parties. Moreover, by relying on a new generation of technical solutions and supporting the communications revolution, threats to soldiers’ safety during operations are substantially minimized.

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Integration of 5G Technology to Propel Market Growth

5G is anticipated to deliver higher data at a faster speed, subsequently transforming military mobile platform distribution services as well as technologies such as bioinformatics, the Internet of Things (IoT), autonomous vehicles, and tactile internet. 5G also has the potential to become the connectivity fabric underpinning modern cloud-based AI-assisted distributed sensing efforts. Accordingly, the Department of Defense is expected to be a 5G customer and facilitator, advancing operational efficacy while enabling the development of the digital economy. Hence, the integration of 5G is set to play a vital role in fueling the global military communication market growth.

Army to be the Prominent Defense Force

The majority of the army’s internal combat, as well as materiel development programs, have strongly emphasized the enhancement of battlefield commanders’ capacity for knowledge use. Moreover, in recognition of the importance of information protection, the army has consistently highlighted the demand for impermeable and secure communications, in addition to the safety of automated systems from exploitation, intrusion, or the introduction of computer viruses.

North America to Hold Highest Share of the Global Market

The United States Armed Forces are frequently cited as having the strongest military globally. Furthermore, reliable communication, integrated with command-and-control and other units, has become integral to the increasingly communications-dependent battlefront environment, as well.

As the global military communications market continues to expand, there is fierce competition among industry competitors. Some of the leading players operating in the global military communication market are BAE Systems, General Dynamics, Thales Group, etc.

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