Vetronics Market expected to reach $10.78 Billion by 2020

According to a new market research report, "Vetronics Market by Application (Defense and Homeland Security), by sub-systems, (C3 systems, Navigation , observation & display systems, weapon control systems, sensor & control systems, vehicle protection systems, and power systems), by Military land vehicles ( IFV, AAV, MRAP, MBT,LPV, APC & UGV) by Region (North America, The Asia-Pacific, Europe, The Middle East, Latin America, and Rest of the World) - Forecasts & Analysis to 2014 - 2020", the vehicle electronics (Vetronics) market is expected to reach $10.78 billion by 2020.

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The global vehicle electronics (Vetronics) market offers a comprehensive analysis of the military Vetronics market across two applications namely defense and homeland security. This report provides both quantitative and qualitative analysis of both the applications across the Vetronics-systems such asC3 systems, navigation, observation and display systems, weapon control systems, sensor and control systems, vehicle protection systems, and power systems.

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Variations in the battlefield environment have resulted in the need for continuous improvements in basic combat vehicle capabilities of lethality, mobility, command and control, communications, survivability, and vehicle protection. A common crew station situation is also attainable with the introduction of the Vetronics system in the military vehicles. The roles of the crew can be reciprocated over multiple stations within the vehicle, which allows the commander to take over other roles such that of a gunner or driver, and vice versa.

With a high demand for homeland security departments such as police, border security forces, and so on, the market is expected to increase substantially in the coming years. This report tracks and provides the key drivers, restraints, opportunities, and challenges which are impacting the growth of this market. Driven by the desire to have a network centric battlefield, the amount of electronics integrated into a military land vehicle has increased significantly. The market still has lots of research and development activities in process to come up with effective solutions for lightening the load integrated into the vehicles.

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The major factors driving the vehicle electronics market are network centric battlefield warfare, rising demand for situational awareness and SWaP specifications. Market is restrained due to decrease in defense spending and defense offset policies and regulations. Armored vehicles such as main battle tanks, armored personnel carriers, infantry fighting vehicles, mine resistant ambush protection; unmanned ground vehicles, light protected vehicles, and amphibious armored vehicles comprise the vehicle electronics market.

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