LATIN AMERICA VETRONICS MARKET 2022-2028

Aerospace & Defense | Defense

LATIN AMERICA VETRONICS MARKET 2022-2028

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

Request For Customization

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

A report by Triton Market Research highlights that the Latin America vetronics market is expected to surge at a CAGR of 3.26% during the forecasting period 2022-2028.


Report scope can be customized per your requirements. Request For Customization

The countries analyzed in this region include:

•         Brazil

•         Mexico

•         Argentina

•         Venezuela

•         Rest of Latin America

Due to continuous military modernization initiatives, the vetronics industry in Latin America has experienced tremendous expansion. Over the coming ten years, countries including Brazil, Argentina, Mexico, and several others plan to update their land-based platforms with the newest electronic technology. According to reports, several procurement projects for main battle tanks, artillery, and armored vehicles are in the works. It is anticipated that the approval of these pending projects over the coming few years will encourage the expansion of the vetronics market in Latin America.

In Brazil, phase two of the strategic framework for the integrated border surveillance system for the country's army has been developed and will be put into action due to a contract (SISFRON) signed by Embraer and the army. The protection of Brazil's borders, which stretch 16,886 kilometers into ten neighboring countries, led to the establishment of SISFRON, one of the world's largest border monitoring programs. The SISFRON implements a sensing and command and control structure to support the operation of Land Forces as part of a comprehensive strategy to strengthen the State's presence and capability to monitor and act on its frontiers. As a result, other governmental bodies having control over this area operate more effectively.

The Mexican Secretariat of National Defense (SEDENA) received the first 20 kits needed to start manufacturing armored vehicles in 2018. The kits were provided for a $333,940 deal with IBN Industrias Military. The kits are the first in a series of armored vehicles based on the American Joint Light Tactical Vehicle developed in Oshkosh (JLTV). They are meant to replace Mexico's DN-XI armored vehicle. Once they are placed into service, the new vehicles will combat organized crime, a serious problem in Mexico. Introducing new vehicles in the country can help the market flourish.

A hybrid electric power system has been determined to be the best option for meeting the needs for propulsion, continuous auxiliary power, and pulsed power for weaponry and armor. Despite the fact that these weapons and armor technologies are developing quickly and can currently be demonstrated on a smaller scale, the power supply required to be integrated in vehicles to support these systems presents a significant challenge to technology developers and vehicle integrators. Mobility, lethality, survivability, and other users such as C4ISR and NBC systems all place demands on the power supply. The studied report assesses the market's growth based on land-based fleet type, vertical, and component. Here, the land-based fleet type includes power systems, navigation systems, electronic warfare & C4 Systems, and vehicle protection systems.

The renowned players in the vetronics market include Leonardo S.p.A, General Raytheon Technologies, Dynamics Corporation, Curtiss-Wright, and Thales Group.

Raytheon Technologies, an aerospace and defense company, founded in 1922, provides goods and services to private, public, and military clients. Its four business segments are Pratt & Whitney, Collins Aerospace Systems, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. Some of Collins Aerospace Systems' specialties include aerostructures, avionics, interiors, mechanical systems, mission systems, and power and control systems. The company's key strengths, such as developing new products and solutions for defense electronics, strategic collaborations, new partnerships and a strong R&D focus for new advanced technology products can boost the growth of the vetronics market.

 

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 Latin America 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 Latin America 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

Related Reports

ASIA-PACIFIC DIRECTED ENERGY WEAPONS MARKET 2019-2028
Aerospace & Defense

ASIA-PACIFIC DIRECTED ENERGY WEAPONS MARKET 2019-2028

Market By Product, Application ..

VIEW REPORT
ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET 2022-2028
Aerospace & Defense

ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET 2022-2028

Market by Type, Power Source, ..

VIEW REPORT
ASIA-PACIFIC TACTICAL DATA LINKS MARKET 2020-2028
Aerospace & Defense

ASIA-PACIFIC TACTICAL DATA LINKS MARKET 2020-2028

Market By Component, Applicati ..

VIEW REPORT
ASIA-PACIFIC UAV BATTERY MARKET 2022-2028
Aerospace & Defense

ASIA-PACIFIC UAV BATTERY MARKET 2022-2028

Market by Product Type, UAV Mo ..

VIEW REPORT
ASIA-PACIFIC UNMANNED AERIAL VEHICLE MARKET 2021-2028
Aerospace & Defense

ASIA-PACIFIC UNMANNED AERIAL VEHICLE MARKET 2021-2028

Market by UAV Size, End-use, a ..

VIEW REPORT
ASIA-PACIFIC VETRONICS MARKET 2022-2028
Aerospace & Defense

ASIA-PACIFIC VETRONICS MARKET 2022-2028

Market by Land-based Fleet Typ ..

VIEW REPORT
EUROPE DIRECTED ENERGY WEAPONS MARKET 2019-2028
Aerospace & Defense

EUROPE DIRECTED ENERGY WEAPONS MARKET 2019-2028

Market By Product, Application ..

VIEW REPORT
EUROPE GROUND SUPPORT EQUIPMENT MARKET 2022-2028
Aerospace & Defense

EUROPE GROUND SUPPORT EQUIPMENT MARKET 2022-2028

Market by Type, Power Source, ..

VIEW REPORT

Table of Content

1. LATIN AMERICA 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. LATIN AMERICA VETRONICS MARKET OUTLOOK - LAND-BASED FLEET TYPE

3.1. TANKS

3.2. ARMORED VEHICLES

3.3. ARTILLERY

3.4. ROCKET PROJECTORS

4. LATIN AMERICA 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. LATIN AMERICA VETRONICS MARKET OUTLOOK - BY VERTICAL

5.1. DEFENSE

5.2. HOMELAND SECURITY

6. LATIN AMERICA VETRONICS MARKET – COUNTRY OUTLOOK

6.1. BRAZIL

6.2. MEXICO

6.3. ARGENTINA

6.4. VENEZUELA

6.5. REST OF LATIN AMERICA

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

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

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

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

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

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

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 20: REST OF LATIN AMERICA VETRONICS MARKET 2022-2028 (IN $ MILLION)

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$1,500.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$2,200.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

SUBMIT REQUEST
Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying