NORTH AMERICA VETRONICS MARKET 2022-2028

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The study by CRI highlights that the North America market is predicted to surge at a CAGR of 6.03% during the forecast period 2022-2028.

SKU: TR-227-2022 Category: Tag:

Description

MARKET OUTLOOK

The study by CRI highlights that the North America market is predicted to surge at a CAGR of 6.03% during the forecast period 2022-2028. The countries considered in the market in the region include United States and Canada.
In the United States, rapidly integrating electronic information and command systems into military vehicles has become necessary over the past several years. These systems are now networked, sharing information with ground combatants and across and within the same platform. In August 2021, US Army land warfare experts selected five military firms to manufacture the Army M2 Bradley Fighting Vehicle replacement’s next-generation fast armored combat vehicles and vetronics architect. Additionally, the US Army announced five contracts amounting to $26.6 million each for the phase-two concept design of the optionally manned fighting vehicle (OMFV). Such developments can boost the country’s market growth.
In Canada, the M113 and LAV-II (Bison) fleets are being replaced by the Armored Combat Support Vehicle (LAV 6.0). Large and light armored fighting vehicles will be supported by it on the battlefield. The Canadian Army is aiming for another fleet of non-lethal unmanned ground vehicles (NUGVs) for search and rescue, CBRN, and casualty extraction under its Future Family of UGVs initiative. Additionally, 66 LAV 6.0 chassis will replace the Coyote Reconnaissance Vehicle under a project known as the light armored vehicle reconnaissance surveillance system. Thus, such additions to the Canadian Army can surge the studied market’s growth.

COMPETITIVE OUTLOOK

The established players in the vetronics market include Curtiss-Wright, Lockheed Martin Corporation, Thales Group, Raytheon Technologies and Saab AB.

TABLE OF CONTENTS

1. NORTH AMERICA VETRONICS MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE VETRONICS MARKET
2.2. KEY INSIGHTS
2.2.1. GROWING INVESTMENTS IN HYBRID MILITARY VEHICLES
2.2.2. RISING MILITARY LAND-VEHICLE INVENTORY
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. INDUSTRY COMPONENTS
2.6.1. COMPONENT PROVIDERS
2.6.2. SYSTEM MANUFACTURERS/OEMs
2.6.3. DISTRIBUTION CHANNELS
2.6.4. END-USERS
2.6.5. AFTERMARKET SERVICES
2.7. KEY MARKET STRATEGY
2.7.1. ACQUISITIONS
2.8. MARKET DRIVERS
2.8.1. OPEN ARCHITECTURE OF VETRONICS SYSTEMS
2.8.2. ONGOING MILITARY MODERNIZATION OF LAND-BASED VEHICLE INVENTORY
2.8.3. ADVANCEMENTS IN BATTLEFIELD TECHNOLOGY
2.9. MARKET CHALLENGES
2.9.1. CUT-OFFS IN DEFENSE BUDGET
2.9.2. RISING COST OF RAW MATERIALS
2.9.3. USABILITY REGULATIONS
2.10. MARKET OPPORTUNITIES
2.10.1. INVESTMENTS IN RESEARCH & DEVELOPMENT
2.10.2. GROWING VETRONICS MARKET IN THE UNITED STATES
3. NORTH AMERICA VETRONICS MARKET OUTLOOK – LAND-BASED FLEET TYPE
3.1. TANKS
3.2. ARMORED VEHICLES
3.3. ARTILLERY
3.4. ROCKET PROJECTORS
4. NORTH AMERICA VETRONICS MARKET OUTLOOK – BY COMPONENT
4.1. ELECTRONIC WARFARE & C4 SYSTEMS
4.2. NAVIGATION SYSTEMS
4.3. POWER SYSTEMS
4.4. VEHICLE PROTECTION SYSTEMS
5. NORTH AMERICA VETRONICS MARKET OUTLOOK – BY VERTICAL
5.1. DEFENSE
5.2. HOMELAND SECURITY
6. NORTH AMERICA VETRONICS MARKET – COUNTRY OUTLOOK
6.1. UNITED STATES
6.2. CANADA
7. COMPETITIVE LANDSCAPE
7.1. CURTISS-WRIGHT
7.2. BAE SYSTEMS
7.3. THALES GROUP
7.4. GENERAL DYNAMICS CORPORATION
7.5. LOCKHEED MARTIN CORPORATION
7.6. RHEINMETALL AG
7.7. RAYTHEON TECHNOLOGIES
7.8. L3HARRIS TECHNOLOGIES
7.9. SAAB AB
7.10. LEONARDO S.P.A
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY

LIST OF TABLES

TABLE 1: NORTH AMERICA VETRONICS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: NORTH AMERICA VETRONICS MARKET, BY LAND-BASED FLEET TYPE, 2022-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA VETRONICS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA VETRONICS MARKET, BY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA VETRONICS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: NORTH AMERICA VETRONICS MARKET, BY LAND-BASED FLEET TYPE, 2021 & 2028 (IN %)
FIGURE 3: NORTH AMERICA VETRONICS MARKET, BY TANKS, 2022-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA VETRONICS MARKET, BY ARMORED VEHICLES, 2022-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA VETRONICS MARKET, BY ARTILLERY, 2022-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA VETRONICS MARKET, BY ROCKET PROJECTORS, 2022-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA VETRONICS MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: NORTH AMERICA VETRONICS MARKET, BY ELECTRONIC WARFARE & C4 SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA VETRONICS MARKET, BY NAVIGATION SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA VETRONICS MARKET, BY POWER SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA VETRONICS MARKET, BY VEHICLE PROTECTION SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA VETRONICS MARKET, BY VERTICAL, 2021 & 2028 (IN %)
FIGURE 13: NORTH AMERICA VETRONICS MARKET, BY DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA VETRONICS MARKET, BY HOMELAND SECURITY, 2022-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA VETRONICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 16: UNITED STATES VETRONICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 17: CANADA VETRONICS MARKET 2022-2028 (IN $ MILLION)

Additional information

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Companies Mentioned

1. CURTISS-WRIGHT
2. BAE SYSTEMS
3. THALES GROUP
4. GENERAL DYNAMICS CORPORATION
5. LOCKHEED MARTIN CORPORATION
6. RHEINMETALL AG
7. RAYTHEON TECHNOLOGIES
8. L3HARRIS TECHNOLOGIES
9. SAAB AB
10. LEONARDO S.P.A

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