Market by Land-based Fleet Type, Component, Vertical, and Country Outlook | Forecast 2022-2028
As per research by Triton, the vetronics market in Asia-Pacific is anticipated to surge at a CAGR of 5.91% over the forecasting period 2022-2028.
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The
countries analyzed in this region include:
• China
• India
• Japan
• South Korea
• Thailand
• Vietnam
• Taiwan
• Rest of Asia-Pacific
The Asia-Pacific vetronics
market has grown significantly as the number of defense programs has increased.
Several countries, including China, India, South Korea, Japan, etc., are implementing
various initiatives to update their land-based systems. To connect land-based
vehicles with network-centric technologies, companies like Hanwha Defense,
Norinco Group, Tata Motor Group, and others are investing in considerable
research and development operations in the studied market. Another important
aspect driving the expansion of the market is military spending. To preserve
their superiority on the battlefield, nations in the region actively invest in modernizing
their land-based fleet.
Despite the PLA land
force's decline in China, the Surface-to-Air Missiles (SAMs), Special
Operations Forces (SOF), Army Aviation, and Electronic Warfare divisions have
all experienced significant development in recent years. The new operational
doctrine for the PLA ground forces emphasizes long-range precision strikes and
cyber, electronic, and information technology. Modern battlefield information
networks, like LAN/WAN networks, satellite communications, UAV-based
surveillance and identification systems, and mobile command and control centers,
have replaced older generation telephone/radio-based command, control, and
communications (C3) systems.
In South Korea, the K2
Black Panther, a prospective replacement for the K1 and K1A1 MBTs, will have a
1500 HP MTU-based engine with a 55-caliber 120 mm autoloader main piston. The
new tank would have radar, an all-bearing laser detector and defensive systems,
anti-missile active protection, and a potent reactive armor and sensor package,
similar to the German Leopard 2A6 and American M1A2 Abrams. The ROK Army will
send out about 390 Black Panthers. Such additions in the country's military
vehicles boost the market growth during the forecasting years.
The basis of missile
defense systems is laid by military electronics, subsystems, and components
lay. Further, the defence force also uses army and air force electronic warfare
systems, command and control systems, and navigation and communication systems. Modern
electronics and subsystems are essential to the functionality and dependability
of critical ground assets like tanks, armored vehicles, artillery vehicles,
rocket launchers, and unmanned ground vehicles. Modern military-grade
electronics and components are incorporated into command & control centers,
tactical data connections, missiles, air defense and weapon control systems,
and defense satellites to maximize the likelihood of mission success in
demanding and ever-changing environments.
The
studied report assesses the market's growth based on vertical land-based fleet
type and component. Here, the vertical segment
includes defense and homeland security.
The
prominent players in the vetronics market include Thales Group, Rheinmetall AG,
Leonardo S.p.A, Saab AB, and Raytheon Technologies.
Automotive and defense
component manufacturer Rheinmetall AG was established in 1899. The company
produces and distributes replacement parts for pistons, engine blocks, slide
bearings, pumps, air management, emissions control, and other related areas. It
also offers electronic solutions, vehicle systems, weapons, and ammunition,
sensors, soldier systems, command, control, reconnaissance systems, fire
control units, and marine and process simulations. The company produces products
such as Fuchs/Fox Armored NBC Reconnaissance System, TRAILBLAZER Vehicle Vision
Sensors, Vingmate FCS – Advanced Sight and Fire Control Systemm etc, that solve
various military problems, such as driving in difficult terrain or visibility
in a bad weather.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2022-2028
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the vetronics market revenue growth in
Asia-Pacific and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and Porter's
Five Forces Model
·
A
wide-ranging study of factors that will challenge the Asia-Pacific vetronics
market's growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
VETRONICS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE VETRONICS MARKET
2.2. KEY
INSIGHTS
2.2.1. GROWTH
OF THE VETRONICS MARKET IN THE ASIA-PACIFIC REGION (INDIA)
2.2.2. GROWING
INVESTMENTS IN HYBRID MILITARY VEHICLES
2.2.3. 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
OPPORTUNITY
2.10.1. INVESTMENTS
IN RESEARCH & DEVELOPMENT
3. ASIA-PACIFIC
VETRONICS MARKET OUTLOOK - LAND-BASED FLEET TYPE
3.1. TANKS
3.2. ARMORED
VEHICLES
3.3. ARTILLERY
3.4. ROCKET
PROJECTORS
4. ASIA-PACIFIC
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. ASIA-PACIFIC
VETRONICS MARKET OUTLOOK - BY VERTICAL
5.1. DEFENSE
5.2. HOMELAND
SECURITY
6. ASIA-PACIFIC
VETRONICS MARKET – COUNTRY OUTLOOK
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH
KOREA
6.5. THAILAND
6.6. VIETNAM
6.7. TAIWAN
6.8. REST
OF ASIA-PACIFIC
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
TABLE
1: ASIA-PACIFIC VETRONICS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
2: VENDOR SCORECARD
TABLE
3: LIST OF ACQUISITIONS
TABLE
4: ASIA-PACIFIC VETRONICS MARKET, BY LAND-BASED FLEET TYPE, 2022-2028 (IN $
MILLION)
TABLE
5: ASIA-PACIFIC VETRONICS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE
6: ASIA-PACIFIC VETRONICS MARKET, BY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE
7: ASIA-PACIFIC VETRONICS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: ASIA-PACIFIC VETRONICS MARKET, BY LAND-BASED FLEET TYPE, 2021 & 2028 (IN
%)
FIGURE
3: ASIA-PACIFIC VETRONICS MARKET, BY TANKS, 2022-2028 (IN $ MILLION)
FIGURE
4: ASIA-PACIFIC VETRONICS MARKET, BY ARMORED VEHICLES, 2022-2028 (IN $ MILLION)
FIGURE
5: ASIA-PACIFIC VETRONICS MARKET, BY ARTILLERY, 2022-2028 (IN $ MILLION)
FIGURE
6: ASIA-PACIFIC VETRONICS MARKET, BY ROCKET PROJECTORS, 2022-2028 (IN $
MILLION)
FIGURE
7: ASIA-PACIFIC VETRONICS MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE
8: ASIA-PACIFIC VETRONICS MARKET, BY ELECTRONIC WARFARE & C4 SYSTEMS,
2022-2028 (IN $ MILLION)
FIGURE
9: ASIA-PACIFIC VETRONICS MARKET, BY NAVIGATION SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE
10: ASIA-PACIFIC VETRONICS MARKET, BY POWER SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE
11: ASIA-PACIFIC VETRONICS MARKET, BY VEHICLE PROTECTION SYSTEMS, 2022-2028 (IN
$ MILLION)
FIGURE
12: ASIA-PACIFIC VETRONICS MARKET, BY VERTICAL, 2021 & 2028 (IN %)
FIGURE
13: ASIA-PACIFIC VETRONICS MARKET, BY DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE
14: ASIA-PACIFIC VETRONICS MARKET, BY HOMELAND SECURITY, 2022-2028 (IN $
MILLION)
FIGURE
15: ASIA-PACIFIC VETRONICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE
16: CHINA VETRONICS MARKET 2022-2028 (IN $ MILLION)
FIGURE
17: JAPAN VETRONICS MARKET 2022-2028 (IN $ MILLION)
FIGURE
18: INDIA VETRONICS MARKET 2022-2028 (IN $ MILLION)
FIGURE
19: SOUTH KOREA VETRONICS MARKET 2022-2028 (IN $ MILLION)
FIGURE
20: THAILAND VETRONICS MARKET 2022-2028 (IN $ MILLION)
FIGURE
21: VIETNAM VETRONICS MARKET 2022-2028 (IN $ MILLION)
FIGURE
22: TAIWAN VETRONICS MARKET 2022-2028 (IN $ MILLION)
FIGURE
23: REST OF ASIA-PACIFIC VETRONICS MARKET 2022-2028 (IN $ MILLION)