Market by Land-based Fleet Type, Component, Vertical, and Country Outlook | Forecast 2022-2028
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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VIEW REPORT1. 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
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)
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)