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