Vetronics Market Worth 3.51 Billion USD by 2021

Sep 02, 2016, 11:30 ET from MarketsandMarkets

PUNE, India, September 2, 2016 /PRNewswire/ --

The report "Vetronics Market by Application (Defense and Homeland Security), Vehicle Type (Main Battle Tank, Light Protected Vehicle, Amphibious Armored Vehicle), Subsystem (Communication, Navigation, C3 Systems, Power Systems) - Global Forecasts to 2021", published by MarketsandMarkets,  the market is projected to reach USD 3.51 Billion by 2021, at a CAGR of 4.30% during the forecast period.

     (Logo: )

Browse 73 market data Tables and 41 Figures spread through 150 Pages and in-depth TOC on "Vetronics Market"

Early buyers will receive 10% customization on report.

Network centric warfare, situational awareness, embedded technology systems commonality, and shift towards COTS enabled improved SwaP specifications are the key factors driving the vetronics market.

Defense segment is expected to grow at the highest rate during the forecast period 

The vetronics market has been segmented on the basis of applications into defense and homeland security. The defense segment is estimated to lead the overall vetronics market in terms of market size, and is expected to exhibit a similar trend during the forecast period, owing to increase in defense spending worldwide. In emerging countries, such as India and China, there has been an increase in procurement of technologically advanced military land vehicles, which is fueling the growth of vetronics in the APAC region.

The C3 systems segment is anticipated to witness highest growth during the forecast period 

Based on subsystem, the vetronics market has been segmented into communication, navigation, observation & display systems, C3 systems, weapon control systems, sensor & control systems, vehicle protection systems, and power systems. The C3 systems segment is estimated to grow at the highest CAGR owing to increase in demand for technologically advanced as well as lightweight vetronics systems. The demand for C3 systems is highest in North America and Europe, owing to rise in demand for military land vehicles systems with next generation vetronics systems.

Vetronics market in APAC estimated to grow at the highest rate during the forecast period 

The vetronics market in APAC is estimated to grow at the highest CAGR between 2016 and 2021, owing to increase in demand for technologically advanced military land vehicles in emerging economies, such as India and China. Rise in defense spending of emerging countries is one of the major factors driving the vetronics market in this region.

Inquiry Before Buying:-

Thales Group (U.S.) is one of the key players in the vetronics market. Other major players in this market include Raytheon Company (U.S.), Lockheed Martin Corporation (U.S.), SAAB Group (Sweden), General Dynamics Corporation (U.S.), Curtiss Wright Corporation (U.S.), Elbit Systems (Israel), Leonardo-Finmeccanica SPA (Italy), Harris Corporation (U.S.), Rheinmetall AG (Germany), BAE Systems (U.K.), among others.

Browse Related Reports 

Armored Vehicles Market by Application (Defense, Commercial), Defense Products (MBT, LPV, AAV, MRAP, IFV, APC, Others), Commercial Products (SUV, Sedan, Limousine, Bus/Van, Others), Technology (Active, Passive), Type, & Region - Global Forecast to 2021

Unmanned Ground Vehicles (UGV) Market by Application (Defense, Commercial), Mode of Operation, Size, Mobility, Payload, and Region (North America, Europe, Asia-Pacific, Middle East, Rest of the World) - Global Forecasts to 2020

Know More About our Knowledge Store @

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: 1-888-600-6441

Visit MarketsandMarkets Blog @
Connect with us on LinkedIn @

SOURCE MarketsandMarkets