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EUROPE VETRONICS MARKET FORECAST 2022-2030

The Europe vetronics market is expected to record a CAGR of 4.33% during the forecast period, 2022-2030, and is set to project revenue of $1212.07 million by 2030.

EUROPE VETRONICS MARKET FORECAST 2022-2030

Europe Vetronics Market by Vehicle Type (Tanks, Armored Vehicles, Artillery, Rocket Projectors) Market by System (Electronic Warfare & C4 System, Navigation System, Power System, Vehicle Protection System) Market by End-user (Defense, Homeland Security) by Geography

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The Europe vetronics market is expected to record a CAGR of 4.33% during the forecast period, 2022-2030, and is set to project revenue of $1212.07 million by 2030.

The vetronics market growth in Europe is attributed to the growing number of military initiatives with regard to obsolete vehicle fleets. Countries like the United Kingdom, Spain, Italy, France, and Germany are working together on several programs for modernizing their land-based platforms. Also, eminent market players like BAE Systems, Nexter, Thales Group, etc., are majorly investing in research and development activities in the vetronics sector to incorporate land-based vehicles with network-centric technologies. However, the Europe vetronics market growth is hindered by regulations on the export and import of electronic components.

Europe Vetronics Market

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The Europe vetronics market growth evaluation includes the assessment of the United Kingdom, Italy, France, Greece, Poland, Spain, Germany, and Rest of Europe. In the United Kingdom, defense initiatives drive market growth.   For instance, Nasmyth Group and WFEL have won the contract for providing precisely machined and manufactured components like vehicle electronics for the Boxer program. The ten-year long-term supply agreement encompasses the supply of essential components for armored combat vehicles. Also, the Boxer vehicles give the British Army new capabilities by integrating all-terrain mobility and long-distance road deployment.

In Spain, strategic developments among market players and the government contribute to market growth. For instance, in August 2020, the Spanish Ministry of Defense offered a USD $2.06 billion contract to General Dynamics European Land Equipment-Santa Barbara Sistemas (GDELS-SBS) and three other businesses to provide 348 8×8 Wheeled Combat Vehicles (VCR) with the newest electronic systems. It entails coverage for their upkeep, support for global commercialization, and life-cycle support. In addition, this initiative is set to expand to include around 1000 vehicles. Similarly, in Italy, the Iveco-Oto Melara Consortium (CIO) signed a contract on December 30, 2021, to offer 14 Mortar Carrier VBMs, 6 ‘10×10’ rescue & recovery vehicles, and 26 Command Post VBMs.

The Europe vetronics market segmentation includes end-user, system, and vehicle type. The system category includes power system, electronic warfare & C4 system, vehicle protection system, and navigation system.

Armored and tactical wheeled vehicles patrol and provide protection in some of the most dangerous war zones. These vehicles are used to defend enemy lines by integrating offensive & defensive capacity and operational mobility. At the same time, penetrators, explosive devices, and roadside bombs can cause explosive fires in engine compartments, tires, etc. In addition, these combat vehicles can erupt into flames if their hydraulic lines or fuel tanks are penetrated while in the crossfire, rendering them enemy targets.

Accordingly, protection by active shielding is a novel technology based on the principles of opto-pyrotechnic initiation, currently under development. It is a cutting-edge innovation in the active protection of armored vehicles. The goal of the research is to create an ultra-reliable and rapid opto-pyrotechnic initiating chain that can meet all operational requirements. The chain combines an opto-pyrotechnic detonator, fiber optics, and a tiny laser source initially developed and created for space uses.

Some of the leading companies in the Europe vetronics market include BAE Systems, General Dynamics Corporation, Northrop Grumman, Leonardo SPA, etc.

BAE Systems is engaged in the design, maintenance, production, and development of defense and aerospace systems. It is the largest defense contractor in Europe, with its central activities in the US and UK. The company has its headquarters in Farnborough, the United Kingdom.

One of its key products, 360 MVP Sensor System, enhances the situational awareness of ground vehicles, integrates seamlessly with other vehicle protection system components, and lessens the cognitive strain on crew members.

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed End-User, System, Vehicle Type
Countries Analyzed The United Kingdom, Italy, France, Greece, Poland, Spain, Germany, and Rest of Europe
Companies Analyzed

BAE Systems, Curtiss-Wright, General Dynamics Corporation, L3Hariss Technologies, Leonardo SpA, Lockheed Martin, Norinco – China, Northrop Grumman, Raytheon Technologies, Rheinmetall AG, Saab AB, Thales Group

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • TECHNOLOGICAL DEVELOPMENTS
        • STANDARDIZATION OF VETRONICS SYSTEM (OPEN ARCHITECTURE)
        • CONTINUOUS EFFORTS IN RESEARCH AND DEVELOPMENT
        • MILITARY MODERNIZATION PROGRAMS
      • KEY RESTRAINTS
        • CYBER SECURITY
        • DECREASING DEFENSE BUDGET
        • REGULATIONS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON VETRONICS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • COMPONENT PROVIDERS
        • SYSTEM MANUFACTURERS / OEMS
        • DISTRIBUTION
        • END-USERS
        • AFTERMARKET SERVICES
    1. MILITARY LAND FORCES ANALYSIS
      • FRANCE
        • FRANCE – OVERVIEW
        • FRANCE – VEHICLE & ARTILLERY
        • FRANCE – LAND SYSTEMS
      • ITALY
        • ITALY – OVERVIEW
        • ITALY – VEHICLE & ARTILLERY
        • ITALY – LAND SYSTEMS
      • UNITED KINGDOM
        • UNITED KINGDOM – OVERVIEW
        • UNITED KINGDOM – VEHICLE & ARTILLERY
        • UNITED KINGDOM – LAND SYSTEMS
      • GERMANY
        • GERMANY – OVERVIEW
        • GERMANY – VEHICLE & ARTILLERY
        • GERMANY: LAND SYSTEMS
    1. MARKET BY VEHICLE TYPE
      • TANKS
      • ARMORED VEHICLES
      • ARTILLERY
      • ROCKET PROJECTORS
    2. MARKET BY SYSTEM
      • ELECTRONIC WARFARE & C4 SYSTEM
      • NAVIGATION SYSTEM
      • POWER SYSTEM
      • VEHICLE PROTECTION SYSTEM
    3. MARKET BY END-USER
      • DEFENSE
      • HOMELAND SECURITY
    4. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • FRANCE
          • UNITED KINGDOM
          • ITALY
          • GERMANY
          • SPAIN
          • POLAND
          • GREECE
          • REST OF EUROPE
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
      • COMPANY PROFILES
        • BAE SYSTEMS
        • CURTISS-WRIGHT
        • GENERAL DYNAMICS CORPORATION
        • L3HARISS TECHNOLOGIES
        • LEONARDO SPA
        • LOCKHEED MARTIN
        • NORINCO – CHINA
        • NORTHROP GRUMMAN
        • RAYTHEON TECHNOLOGIES
        • RHEINMETALL AG
        • SAAB AB
        • THALES GROUP

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – VETRONICS

    TABLE 2: FRANCE – LAND SYSTEMS

    TABLE 3: ITALY – LAND SYSTEMS

    TABLE 4: UNITED KINGDOM – LAND SYSTEMS

    TABLE 5: GERMANY – LAND SYSTEMS

    TABLE 6: EUROPE VETRONICS MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: EUROPE VETRONICS MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: EUROPE VETRONICS MARKET, BY SYSTEM, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: EUROPE VETRONICS MARKET, BY SYSTEM, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: EUROPE VETRONICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: EUROPE VETRONICS MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: EUROPE VETRONICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: EUROPE VETRONICS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: LEADING PLAYERS OPERATING IN EUROPE VETRONICS MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS          

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: FRANCE – VEHICLE & ARTILLERY

    FIGURE 6: ITALY – VEHICLE & ARTILLERY

    FIGURE 7: UNITED KINGDOM – VEHICLE & ARTILLERY

    FIGURE 8: GERMANY – VEHICLE & ARTILLERY

    FIGURE 9: EUROPE VETRONICS MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021

    FIGURE 10: EUROPE VETRONICS MARKET, BY TANKS, 2022-2030 (IN $ MILLION)

    FIGURE 11: EUROPE VETRONICS MARKET, BY ARMORED VEHICLES, 2022-2030 (IN $ MILLION)

    FIGURE 12: EUROPE VETRONICS MARKET, BY ARTILLERY, 2022-2030 (IN $ MILLION)

    FIGURE 13: EUROPE VETRONICS MARKET, BY ROCKET PROJECTORS, 2022-2030 (IN $ MILLION)

    FIGURE 14: EUROPE VETRONICS MARKET, GROWTH POTENTIAL, BY SYSTEM, IN 2021

    FIGURE 15: EUROPE VETRONICS MARKET, BY ELECTRONIC WARFARE & C4 SYSTEM, 2022-2030 (IN $ MILLION)

    FIGURE 16: EUROPE VETRONICS MARKET, BY NAVIGATION SYSTEM, 2022-2030 (IN $ MILLION)

    FIGURE 17: EUROPE VETRONICS MARKET, BY POWER SYSTEM, 2022-2030 (IN $ MILLION)

    FIGURE 18: EUROPE VETRONICS MARKET, BY VEHICLE PROTECTION SYSTEM, 2022-2030 (IN $ MILLION)

    FIGURE 19: EUROPE VETRONICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 20: EUROPE VETRONICS MARKET, BY DEFENSE, 2022-2030 (IN $ MILLION)

    FIGURE 21: EUROPE VETRONICS MARKET, BY HOMELAND SECURITY, 2022-2030 (IN $ MILLION)

    FIGURE 22: EUROPE VETRONICS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 23: FRANCE VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 24: UNITED KINGDOM VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 25: ITALY VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 26: GERMANY VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 27: SPAIN VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 28: POLAND VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: GREECE VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: REST OF EUROPE VETRONICS MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • FRANCE
          • UNITED KINGDOM
          • ITALY
          • GERMANY
          • SPAIN
          • POLAND
          • GREECE
          • REST OF EUROPE
    1. MARKET BY VEHICLE TYPE
      • TANKS
      • ARMORED VEHICLES
      • ARTILLERY
      • ROCKET PROJECTORS
    2. MARKET BY SYSTEM
      • ELECTRONIC WARFARE & C4 SYSTEM
      • NAVIGATION SYSTEM
      • POWER SYSTEM
      • VEHICLE PROTECTION SYSTEM
    3. MARKET BY END-USER
      • DEFENSE
      • HOMELAND SECURITY

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