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UNITED STATES VETRONICS MARKET FORECAST 2022-2028

The United States vetronics market is predicted to develop with a CAGR of 4.87% during the forecasting years, reaching a revenue share of $1610.14 million by 2028. While the base year considered for the studied market is 2021, the forecasted period is from 2022 to 2028.

UNITED STATES VETRONICS MARKET FORECAST 2022-2028

United States 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)

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The United States vetronics market is predicted to develop with a CAGR of 4.87% during the forecasting years, reaching a revenue share of $1610.14 million by 2028. While the base year considered for the studied market is 2021, the forecasted period is from 2022 to 2028.

The integration of electronic information, as well as command systems into military vehicles and technological developments on battlefields, are among the key factors accredited to the country’s vetronics market growth.

United States Vetronics Market

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In 2021, the United States Army’s land warfare experts chose five military contractors in order to build the replacement of the Army M2 Bradley Fighting Vehicle’s next-generation rapid armored combat automobiles as well as vetronics architecture. The United States Army also declared five different contracts equating to over $26 million each for the Optionally Manned Fighting Vehicle’s (OMFV) phase-two concept design. The OMFV would highlight cutting-edge electronics, a 30-millimeter cannon, and machine autonomy for unmanned operation. Also, it would entail a second-generation forward-looking infrared (FLIR) sensor system for battling inclement weather, at night or amid haze as well as smoke.

The OMFV is a part of the Army combat vehicles’ future team, included within the Next-Generation Combat Vehicle (NGCV) program for the production of vetronics and numerous armored vehicles. Moreover, this factor would enhance the Army units’ capabilities while further replacing outdated platforms, as well. General Dynamics Land Systems, Point Blank Enterprises Inc, Oshkosh Defense LLC, and others are selected as contractors for the development of competing OMFV versions. Therefore, these factors are set to influence the vetronics market growth in the United States over the forecast years.

The United States vetronics market is segmented into vehicle type, end-user, and system. The system segment is further classified into electronic warfare and C4 system, navigation system, power system, and vehicle protection system. Present frontlines are congested with massive amounts of signal traffic, including active radar emissions that reflect off of incoming missiles and enemy aircraft. In this regard, electronic warfare (EW) aims to use these critical sensors as well as communications networks against their hosts. Transmissions can also be monitored for compromising information or utilized to determine the presence of units in a theatre.

On the other hand, a military-grade navigation system is a section of gear attached to military vehicles for land navigation across a featureless territory. It is primarily utilized to travel along a path specified by numerous locations on different military maps. Furthermore, by dynamically updating the automobile’s present position and the bearing to the designated location, the Advanced Land Navigation System (ALNS) system directs both the driver and the commander.

Some of the major companies operating in the United States vetronics market include General Dynamics Corporation, Lockheed Martin, Raytheon Technologies, etc.

General Dynamics Corporation, headquartered in the United States, is an aerospace and defense company. The services and products provided by the company include combat vehicles, business aviation, ammunition, shipbuilding, and ship maintenance weapons systems, as well as information technology services and (C4ISR) solutions. Its business solutions include Information Technology, Mission Systems, Combat Systems, Aerospace, and Marine Systems.

The company’s GVR5 Dual-Band Wave Relay MANET is a dual-band mobile ad hoc networking (MANET) solution developed by Persistent Systems LLC in collaboration with General Dynamics Missions Systems.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2028
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Vehicle Type, End-User, System
Country Analyzed United States
Companies Analyzed

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. 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
      • PESTLE ANALYSIS – UNITED STATES
      • VALUE CHAIN ANALYSIS
        • COMPONENT PROVIDERS
        • SYSTEM MANUFACTURERS / OEMS
        • DISTRIBUTION
        • END-USERS
        • AFTERMARKET SERVICES
    1. MILITARY LAND FORCES ANALYSIS
      • UNITED STATES
        • UNITED STATES – OVERVIEW
        • UNITED STATES – VEHICLE & ARTILLERY FLEET
        • UNITED STATES – 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. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
      • COMPANY PROFILES
        • CURTISS-WRIGHT
        • GENERAL DYNAMICS CORPORATION
        • L3HARISS TECHNOLOGIES
        • LOCKHEED MARTIN
        • NORTHROP GRUMMAN
        • RAYTHEON TECHNOLOGIES

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – VETRONICS

    TABLE 2: UNITED STATES – LAND SYSTEMS

    TABLE 3: UNITED STATES VETRONICS MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: UNITED STATES VETRONICS MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 5: UNITED STATES VETRONICS MARKET, BY SYSTEM, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: UNITED STATES VETRONICS MARKET, BY SYSTEM, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 7: UNITED STATES VETRONICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: UNITED STATES VETRONICS MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 9: 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: PESTLE ANALYSIS – UNITED STATES

    FIGURE 5: UNITED STATES VEHICLE & ARTILLERY FLEET

    FIGURE 6: UNITED STATES VETRONICS MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021

    FIGURE 7: UNITED STATES VETRONICS MARKET, BY TANKS, 2022-2028 (IN $ MILLION)

    FIGURE 8: UNITED STATES VETRONICS MARKET, BY ARMORED VEHICLES, 2022-2028 (IN $ MILLION)

    FIGURE 9: UNITED STATES VETRONICS MARKET, BY ARTILLERY, 2022-2028 (IN $ MILLION)

    FIGURE 10: UNITED STATES VETRONICS MARKET, BY ROCKET PROJECTORS, 2022-2028 (IN $ MILLION)

    FIGURE 11: UNITED STATES VETRONICS MARKET, GROWTH POTENTIAL, BY SYSTEM, IN 2021

    FIGURE 12: UNITED STATES VETRONICS MARKET, BY ELECTRONIC WARFARE & C4 SYSTEM, 2022-2028 (IN $ MILLION)

    FIGURE 13: UNITED STATES VETRONICS MARKET, BY NAVIGATION SYSTEM, 2022-2028 (IN $ MILLION)

    FIGURE 14: UNITED STATES VETRONICS MARKET, BY POWER SYSTEM, 2022-2028 (IN $ MILLION)

    FIGURE 15: UNITED STATES VETRONICS MARKET, BY VEHICLE PROTECTION SYSTEM, 2022-2028 (IN $ MILLION)

    FIGURE 16: UNITED STATES VETRONICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 17: UNITED STATES VETRONICS MARKET, BY DEFENSE, 2022-2028 (IN $ MILLION)

    FIGURE 18: UNITED STATES VETRONICS MARKET, BY HOMELAND SECURITY, 2022-2028 (IN $ MILLION)       

    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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