Vehicle Electronics Market worth $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", published by MarketsandMarkets, the vehicle electronics (Vetronics) market is expected to reach$10.78 Billion by 2020.

Browse 73 market data Tables and 41 Figures spread through 190 Pages and in-depth TOC on "Vetronics Market".

The report provides a market analysis of the Vehicle Electronics Market over the next six years. It talks about the analysis of drivers, restraints, challenges, and opportunities that impact the industry. It also provides the details about the technology trends that are currently prevailing in the vehicle electronics (Vetronics) Market. The vehicle electronics market is expected to reach $10.78 Billion by 2020.

The rapid development of information technology has changed the way warfare is conducted. The battlefield nowadays has become a network centric warfare and swarming with new tactical approaches. One of the tactical approaches is implementation of Vetronics in the military vehicles. Military vehicle electronics system architectures are still underdevelopment. The key activities are in the field of interface developments and related software developments. Some development results such as open architecture VICTORY are already applied in new and upgraded military Vetronics projects.


In the Vetronics market, there are a few players, who cater to global stakeholders of military vehicle electronics. To name a few vehicle integrators like Oshkosh Corp. (Oshkosh), Kongsberg AS (Kongsberg, Norway), electronics integrators like General Dynamics C4 Systems (Scottsdale), Rheinmetall AG (Düsseldorf, Germany), and Raytheon Company (Waltham), embedded computing specialists such as Curtiss-Wright Controls Defense Solutions (Ashburn) and GE Intelligent Platforms (Huntsville) are the major providers of vehicle electronics in this market. These players have established a firm ground in this market with a wide range of customer base such as different defense organizations, national army of different nations, and defense product manufacturers around the globe.

In order to enable and coordinate efficiently and reliably within military vehicles such as main battle tanks, armored personnel carriers, armored fighting vehicles, mine resistant ambush protection, unmanned ground vehicles, light protected vehicles, and amphibious armored vehicles, appropriate Vetronics system comprising of computers, navigation, and displays for crew interaction are inevitable for these land vehicles.

The report also analyses the market with a special focus on the fast-growing segments. Vetronics architecture such as VICTORY and system solutions such as COTS is explained briefly. It also highlights the analysis of the impact of market dynamics with the factors that currently drive and restrain the growth of the market, along with their impact in the short, medium, and long run.

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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The regions considered for the report are North America, Latin America, Asia-Pacific, Europe, the Middle East, and the Rest of the World. The countries covered in this report are Australia, India, China, the U.S., Canada, Brazil, the U.K., France, Germany,Russia, Norway, Israel, and Saudi-Arabia.

The report features the prime companies in the Vetronics Market such as Oshkosh Corporation (Oshkosh), Rheinmetall AG (Düsseldorf, Germany), Saab AB (Stockholm, Sweden), Curtiss-Wright Corporation (Charlotte, U.S.), Ultra Electronics Limited (Middlesex, United Kingdom), BAE systems (London, United Kingdom)., Lockheed Martin Corporation (Bethesda, Maryland, U.S.), Northrop Grumman Corporation (Virginia, U.S.). Apart from a general overview of the companies, it also provides the details of their financial positions, key products and services, growth strategies, and key developments.

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