EUROPE VETRONICS MARKET 2022-2028

Aerospace & Defense | Defense

EUROPE VETRONICS MARKET 2022-2028

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

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As per a research report by Triton, the Europe vetronics market is predicted to depict growth at a CAGR of 5.67% in the forecast period 2022-2028.


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The countries studied in this market include:

•         United Kingdom

•         France

•         Germany

•         Spain

•         Italy

•         Poland

•         Greece

•         Rest of Europe

In Europe, the vetronics sector has witnessed significant growth due to a rising number of military initiatives concerning obsolete vehicle fleets. In order to preserve their superiority on the battlefield, nations around the region actively invest in the modernization of their land-based fleet. Additionally, the countries in the region are focusing on climate change initiatives and are investing heavily on the same. As a result, numerous countries, including France, Italy, and others, are implementing cost-cutting measures for various defense programs. Another issue that may impede the expansion of the region’s market is regulations on importing and exporting electronic components.

In the United Kingdom, WFEL and Nasmyth Group have been awarded the contract for the supply of precision machined and manufactured components, including vehicle electronics, for the Boxer program. The agreement will ensure the supply of necessary parts for precisely built armored combat vehicles. The British Army now has new capabilities due to the Boxer vehicles, which combine all-terrain mobility with long-distance road deployment. WFEL is establishing a robust supply network throughout the UK to support the £3.2 billion Boxer Program. Thus, such agreements are expected to accelerate the country’s market growth.

In Spain, in August 2020, General Dynamics European Land Equipment-Santa Barbara Sistemas (GDELS-SBS), along with other companies, received a $2.06 billion contract from the Ministry of Defense. The contract was signed to outfit 348 8x8 Wheeled Combat Vehicles (VCR) with the newest electronic systems. Additionally, the contract covers maintenance, life-cycle support, and assistance with international commercialization. The GDELS-SBS deal has a value of $870 million. It is predicted that the program will grow to encompass around 1,000 automobiles, promoting the country’s market growth.

Massive volumes of signal traffic, such as active radar emissions that reflect off enemy aircraft and incoming missiles, are currently clogging up the frontlines. These signals include communications networks, radio control links, and drone aircraft and ground vehicles. These crucial sensors and communications networks are intended to be used by electronic warfare (EW) against their hosts. The studied report assesses the market’s growth based on land-based fleet component, type, and vertical. Here, the component includes electronic warfare & C4 systems, navigation systems, power systems, and vehicle protection systems.

The strategic players in the vetronics market include L3Harris Technologies, BAE Systems, Rheinmetall AG, General Dynamics Corporation, and Leonardo S.p.A.

Established in 1999, BAE Systems is a global firm that works to research, produce, and maintain defense and aerospace systems. It is the biggest defense contractor in Europe, with its main activities in the UK and the US, where its subsidiary BAE Systems Inc. is one of the six biggest suppliers to the US Department of Defense. Its four operational domains are air, maritime, land, and cybersecurity. The design, manufacture, modification, and upkeep of tracked and amphibious combat vehicles, ammunition, precise munitions, electric and hybrid electric drive systems, artillery systems, and missile launchers fall under the purview of the land domain.

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 Europe 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 Europe 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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Table of Content

1. EUROPE 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 OPPORTUNITY

2.10.1. INVESTMENTS IN RESEARCH & DEVELOPMENT

3. EUROPE VETRONICS MARKET OUTLOOK - LAND-BASED FLEET TYPE

3.1. TANKS

3.2. ARMORED VEHICLES

3.3. ARTILLERY

3.4. ROCKET PROJECTORS

4. EUROPE 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. EUROPE VETRONICS MARKET OUTLOOK - BY VERTICAL

5.1. DEFENSE

5.2. HOMELAND SECURITY

6. EUROPE VETRONICS MARKET – COUNTRY OUTLOOK

6.1. UNITED KINGDOM

6.2. GERMANY

6.3. FRANCE

6.4. SPAIN

6.5. ITALY

6.6. POLAND

6.7. GREECE

6.8. REST OF EUROPE

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: EUROPE VETRONICS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: EUROPE VETRONICS MARKET, BY LAND-BASED FLEET TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: EUROPE VETRONICS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 6: EUROPE VETRONICS MARKET, BY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 7: EUROPE VETRONICS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: EUROPE VETRONICS MARKET, BY LAND-BASED FLEET TYPE, 2021 & 2028 (IN %)

FIGURE 3: EUROPE VETRONICS MARKET, BY TANKS, 2022-2028 (IN $ MILLION)

FIGURE 4: EUROPE VETRONICS MARKET, BY ARMORED VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 5: EUROPE VETRONICS MARKET, BY ARTILLERY, 2022-2028 (IN $ MILLION)

FIGURE 6: EUROPE VETRONICS MARKET, BY ROCKET PROJECTORS, 2022-2028 (IN $ MILLION)

FIGURE 7: EUROPE VETRONICS MARKET, BY COMPONENT, 2021 & 2028 (IN %)

FIGURE 8: EUROPE VETRONICS MARKET, BY ELECTRONIC WARFARE & C4 SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 9: EUROPE VETRONICS MARKET, BY NAVIGATION SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 10: EUROPE VETRONICS MARKET, BY POWER SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 11: EUROPE VETRONICS MARKET, BY VEHICLE PROTECTION SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 12: EUROPE VETRONICS MARKET, BY VERTICAL, 2021 & 2028 (IN %)

FIGURE 13: EUROPE VETRONICS MARKET, BY DEFENSE, 2022-2028 (IN $ MILLION)

FIGURE 14: EUROPE VETRONICS MARKET, BY HOMELAND SECURITY, 2022-2028 (IN $ MILLION)

FIGURE 15: EUROPE VETRONICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 16: UNITED KINGDOM VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 17: GERMANY VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 18: FRANCE VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 19: SPAIN VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: ITALY VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: POLAND VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: GREECE VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: REST OF EUROPE VETRONICS MARKET 2022-2028 (IN $ MILLION)

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