According to the latest report by IMARC Group, titled "Vetronics Market Report by Application (Defense, Homeland Security), Vehicle Type (Main Battle Tanks, Light Protected Vehicles, Amphibious Armoured Vehicles, Mine Resistant Ambush Protected (MRAP) Vehicles, Infantry Fighting Vehicles, Armored Personnel Carriers, and Others), Subsystem (Navigation Systems, Observation and Display Systems, C3 Systems, Weapon Control Systems, Sensor and Control Systems, Vehicle Protection Systems, Power Systems, and Others), Fit (Line-Fit, Retrofit), and Region 2025-2033," the global vetronics market reached a value of USD 3.3 Billion in 2024. Vetronics refers to a collection of vehicle electronics that are widely utilized in military automobiles. Battle tanks and other military vehicles are widely integrated with navigation systems; surveillance systems; communication, command, and control; vehicle electronic warfare system; and vehicle protection systems. These subsystems aid in improving the combat capability and situational awareness of military vehicles while streamlining communication and navigation. These vehicles may also be equipped with advanced threat detection sensors, HD video calling, portable power systems and autonomous driving to further assist in improving the automobile’s overall effectiveness and facilitating their role in integrated network-centric warfare operations.
Global Vetronics Market Trends:
The global market is primarily driven by the increasing focus on improving situational awareness by military and defense services. This, coupled with the rising incidences of geopolitical unrest and terrorist activities across the globe and a considerable rise in defense expenditure, has led to the growing adoption of vetronics that widely assist in improving inter- and intra-vehicle communications, surveillance and navigation. Moreover, the continual changes in various regulatory policies have encouraged frequent inspection and upgradation of existing military vehicles, which, in turn, is expected to boost the uptake of vetronics on the global level. Along with this, the widespread demand for modernization of military vehicles and the emergence of wireless communications technology in the sector have also created a positive outlook for the market. The market is further driven by the increasing integration of vetronics with Satellite Communications (SATCOM) systems to improve their overall operational accuracy. Looking forward, the market value is projected to reach USD 5.1 Billion by 2033, expanding at a CAGR of 4.59% during 2025-2033.
Market Summary
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Application, Vehicle Type, Subsystem, Fit, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | 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 and Thales Group |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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