ASIA-PACIFIC VETRONICS MARKET 2022-2028

Aerospace & Defense | Defense

ASIA-PACIFIC VETRONICS MARKET 2022-2028

Market by Land-based Fleet Type, Component, Vertical, and Country Outlook | Forecast 2022-2028

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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

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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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