Military Vetronics Market Report 2024 (Global Edition)

Global Military Vetronics Market Report 2024 Market Size Split by Type (Line Fit, RetroFit), by System (Communication System, Navigation System, Power System, Others), by Platform (Light Armored Vehi...

Military Vetronics Market Report Description

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Military Vetronics Market Insights Video

Company Profile:

BAE Systems

BAE Systems has strong, established positions in the air, maritime, land and cyber domains. The Company operates through five segments. Electronic Systems comprises the US- and UK-based electronics activities, including electronic warfare systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, next-generation military communications systems and data links, persistent surveillance capabilities and hybrid-electric drive systems.

Cyber & Intelligence comprises the US?based Intelligence & Security business and UK?headquartered Applied Intelligence business, and covers the Group’s cyber security, secure government and commercial financial security activities. Platforms & Services manufactures combat vehicles, weapons and munitions, and delivers services and sustainment activities, including naval ship repair, and the management and operation of government-owned munitions facilities. Air segment design, manufacture, upgrade, and support combat and trainer aircraft. Maritime comprises the Group’s UK?based maritime and land activities.

RECENT NEWS

August 2021

BAE Systems unveiled its ultra-small MicroGRAM-M GPS receiver compatible with M-Code signals that are resistant to jamming and spoofing.

BAE Systems, Inc. has launched its ultra-small MicroGRAMTM-M global positioning system (GPS) receiver compatible with next-generation M-Code military GPS signals that are resistant to jamming and spoofing. MicroGRAM-M provides armed forces and allies with a low-SWAP M-Code GPS solution that’s resistant to adversaries’ disruption efforts in highly contested environments.

July 2020

BAE Systems completes acquisition of military GPS business.

BAE Systems has completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation. The acquisition gives BAE Systems a unique opportunity to acquire a high-quality, technology-based business that augments the existing BAE Systems Electronic Systems portfolio through the addition of world-class GPS anti-jamming and anti-spoofing technology that enables reliable navigation and guidance for a range of defense missions.

General Dynamics Corporation

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions; and shipbuilding and ship repair.

The company consists of business units, which organized into five operating segments: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems. 

General Dynamics' Aerospace group includes Gulfstream Aerospace Corporation and Jet Aviation. Gulfstream produces technologically advanced business aircraft and offers unmatched global product support and service. Jet Aviation provides comprehensive business aviation services, custom completions and a global network of facilities to aircraft owners and operators.

Combat Systems segment offers combat vehicles, weapons systems and munitions for the U.S. government and its non-U.S. partners. Combat Systems segment consists of three business units: European Land Systems, Land Systems, and Ordnance and Tactical Systems.

Information Technology segment provides a wide spectrum of services and capabilities, including artificial intelligence, cloud computing, cyber, software development, systems engineering, IT modernization and data analytics. Mission Systems segment is a global provider of mission-critical products and systems.
Marine Systems segment is a market-leading designer and builder of nuclear-powered submarines, surface combatants, and auxiliary and combat-logistics ships for the U.S. Navy, and Jones Act ships for commercial customers. It also provides repair services for nearly all classes of Navy ships.

RECENT NEWS

November 2019

General Dynamics Mission Systems’ GPS Source provides U.S. army forces in Germany with improved secure positioning, navigation and timing data.

General Dynamics Mission Systems has installed a new and improved GPS system onto U.S. military vehicles in Germany that allows U.S. forces to operate in an environment when GPS signals are degraded or denied. MAPS Gen 1 is a modular vehicle-mounted system that monitors GPS signals for validity and sends accurate data to military devices even when GPS signals are degraded or denied. Without trusted data, GPS-dependent systems fail to operate properly, hindering operational capability and soldier safety.

Top Companies Market Share in Military Vetronics Industry: (In no particular order of Rank)

• Curtiss Wright Corporation
• Oshkosh Corporation
• Rheinmetall Defence
• SAAB A.B.
• TE Connectivity Ltd.
• BAE Systems plc
• Elbit Systems Ltd.
• General Electric Company
• General Dynamics Corporation
• Ultra Electronics Ltd.
• Thales Group
• The Raytheon Company
• Kongsberg Gruppen ASA
• Moog Inc.
• Lockheed Martin Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Military Vetronics Market Regional Analysis

Region and country analysis section of Military Vetronics Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Military Vetronics market.

The current report Scope analyzes Military Vetronics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Military Vetronics Market Analysis

What will be The Line Fit Military Vetronics Market Size in Military Vetronics Market?

The Line Fit segment Revenue in Military Vetronics market will be USD 2,437.39 Million by 2028.

Line fit segment shows a significant share in the military vetronics market as there has been continuous rise in vehicle acquisition by different countries. This thus embraced with the latest vetronics.

RetroFit

Retrofit is referred to the modification and upgrade of the military associate equipment such as vehicle, aircraft, naval vessels with the advance technologies, design o enhance its efficiency and performance.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Military Vetronics Industry. Request a Free Sample PDF!

By Application, the Communication System segment Revenue in Military Vetronics market will be USD 921.91 Million by 2028.

Communication System is referred to the system which offers communication in which information of every kind such as orders and military intelligence can be communicated through all military platforms. These systems are designed to offer secure and seamless voice and data communication for land, airborne and naval platforms. For any military associate personnel, the message from their subordinates or commanding officer plays a vital role as any error may lead to any negative circumstances and hence efficient communication system plays a vital role in military communication. The development and usage of advances technologies are being deployed to offer secure, reliable, jam-resistant and encrypted information exchange connectivity in military networks as it may improve troop agility and advantage in battlefield situations

Navigation System

Military forces across the world employed Global Positioning System (GPS) technologies as a navigation system. This navigation systems are used for aircraft, vessels, vehicles, and personnel. Navigation system is become more important when it comes to targeting, navigation, rescue, Bomb and Missile guidance, map updating and facility management among others.

Weapon Control System

Weapon Control System is an integrated computerized system which is generally used for the control and operation of particular weapons such as long-range bombers, antiballistic missiles air-to-air or air-to-surface attack-type missiles among others.

Power System

Power supply is crucial for any critical military related mission. The defense sector significantly relies on electrically-powered systems to supports defensive or offensive security functions. The weapon system, vehicles, communication etc. also required power system for its operation and hence Power System with ruggedness, durability, and high reliability are widely employed for the military and defense related operations.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Military Vetronics Platform Segment Analysis

Light Armored Vehicle

Light Armored Vehicle segment Revenue in Military Vetronics market will be USD 800.36 Million by 2028.

The light armoured vehicle is an eight-wheeled armoured reconnaissance car with a 25 mm cannon that is used by the Army and Marine Corps. Light armoured vehicles are the primary mobile platforms for infantry, paratroopers, and marines. The vetronics in the light armoured vehicle has a protected cabin made of electrically welded high strength armour steel. It improves battlefield communications and situational awareness by allowing users to converse more readily both inside and outside the LAV. It also incorporates magnetic headings and GPS data to provide accurate location and targeting.

Main Battle Tank

A main battle tank (MBT), commonly known as a battle tank or universal tank, is an armoured direct fire and movement vehicle used by several modern armies. During critical situations, main battle tanks act as the first line of defense and fight. As a result, there is a growing need for Vetronics in battle tanks. These tanks have cutting-edge weapon systems such as mechanical autoloaders and anti-tank guided missiles. Similarly, modern tanks have a sophisticated fire-control system that includes rangefinders, computerized fire control, and stabilizers that keep the cannon stable and aimed even when the hull is turning or shaking, making it easier for the operators to fire on the move and/or against moving targets.

Mine-resistant Ambush Protected (MRAP) Vehicle

The Mine Resistant Ambush Protected (MRAP) is a vehicle series that equips Soldiers with multimission platforms that are highly survivable and capable of neutralizing improvised explosive devices. Mine Resistant Ambush Protected Vehicles use electronic stability control (ESC), which assists to reduce vehicle rollovers and increase war fighter safety. It also has a high-end electronics and weaponry suite that includes digital mapping software, a bomb jammer, and next-generation radios, 
intercoms, and GPS receivers.

Infantry Fighting Vehicle (IFV)

A militarized infantry combat vehicle (MICV), commonly known as an infantry fighting vehicle (IFV), is a type of armoured fighting vehicle designed to bring troops into battle and offer direct-fire support. All IFVs have armoured hulls that defend them from rifle and machine gun fire, and some have active protection systems as well. Modern infantry fighting vehicles are outfitted with a multipurpose self-protection system (MUSS) to identify and repel new threats. It also used semiautonomous guided missile systems and a satellite navigation system to deliver location information. Similarly, a computerized computer control system has been included in the vehicle.

Unmanned Armored Ground Vehicle

An autonomous unmanned ground vehicle (AGV) is essentially a self-contained robot that uses artificial intelligence to function without the need for a human controller. AGVs typically use a series of sensors to examine the environment and then make decisions about their behavior on their own or relay the information to a human operator at a remote location who controls the vehicle via teleoperation. UGVs also use simultaneous localization and mapping (SLAM) to create a map of their surroundings. Similarly, it makes use of a variety of display methods, including digital video cameras, RF (radio frequency) communications, satellite links, and wireless fibre optics.

Amphibious Vehicle

An amphibious vehicle, also known as an assault amphibian vehicle, is a military vehicle that is armed and armoured and is meant to transport assault troops and their equipment from ship to shore under battle conditions. Several amphibious vehicles use a navigation suite that allows for seamless transitions between sea and land. Similarly, the vehicle is outfitted with cutting-edge communication technology, as well as supporting armaments and logistical support. Furthermore, the vehicle may be controlled from either the left or right side due to its display systems and sensors. This increases the vehicle's adaptability and operator comfort. Some are outfitted with ultrasonic sensors to identify obstructions.

• Light Armored Vehicle
• Main Battle Tank
• Mine-resistant Ambush Protected (MRAP) Vehicle
• Infantry Fighting Vehicle (IFV)
• Unmanned Armored Ground Vehicle
• Amphibious Vehicle
• Others

Military Vetronics Distribution channel Segment Analysis

OEM

The OEM segment Revenue in Military Vetronics market will be USD 3,155.14 Million by 2028.

The original equipment manufacturer is referred to the manufacturing companies which are involved in the production of systems or components used by other manufacturing companies in their end products. Several military components are being manufactured by OEM and are deployed by manufacturers of military vehicles, vessels, and aircraft as an integral part of its product.

Aftermarket

The aftermarket is a market for spare parts, accessories, and equipment used to maintain or improve the original product. With advancements in technology, the vetronics systems needs to be upgraded. Military vehicles must be updated with new technology because they play such a significant role on battlefields. As a result, aftermarket vetronics are in high demand. Many companies provide components, accessories, or updates to these electronic systems such as updated communication radars, routers, high quality display systems, sensors, and other systems.

• OEM
• Aftermarket

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Author's Detail

Anjali Lawand

Research Associate at Cognitive Market Research

LinkedIn

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Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.

Author's Conclusion