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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Military vetronics implies vehicular electronic systems fixed into special purpose vehicles used by defense organizations for security. As the name suggests military vetronics are specialized electronic systems used in military vehicles.
Military uses vetronics as an imperative and efficient technology for war, national security and armory purposes. Display, GPS, advanced armory control systems, data security systems and power systems are various vetronics systems widely used in defense and military.
Integration of various military vehicles, such as amphibious vehicles, unmanned ground vehicles, infantry fighting vehicles, and mine-resistant ambush protected vehicles, in the army will support the segment growth. These vehicles require precise navigation systems, allowing the army to accurately carry out operations.
To improve the operational accuracy of these vehicles, industry players are integrating their navigation systems with Satellite Communications systems.
Various countries across the globe are trying to establish a framework, where military devices can use a range of SATCOM networks, which include commercial & military networks.
The USAF had conversations with commercial satellite operators to build a hybrid architecture. This architecture will enable armed forces to switch networks between commercial and military satellites, improving connectivity and reducing chances of cyber-attacks.
Several programs are being conducted to upgrade the equipment and systems in old armored vehicles across the globe. Led by the availability of modern and evolved warfare technologies, these programs are driving the growth of the upgrade and retrofit market.
Additionally, many countries are expanding their military budgets on account of increasing terrorism and hostile activities.
These activities have also resulted in the requirement of frequent repairing and installation of new parts in armored vehicles. Besides, there has been a rise in the demand for low-cost per mile military vehicles.
As the processes of upgrade and retrofit are comparatively less expensive than manufacturing a fully equipped vehicle, it has positively influenced the market growth.
There has been a rise in investments for the advancement of military troop equipment for increased mobility and improved protection of land troops across both developed and emerging economies.
The Joint Light Tactical Vehicle (JLTV) for the Army and U.S. Marine Corps will come standard with a shared family of robust vehicle-mount computers from the Leonardo DRS Land Electronics business unit in Melbourne, Florida.
Army Contracting representatives announced a $14.5 million order to Oshkosh Defense LLC, the manufacturer of the JLTV, for the Leonardo DRS Mounted Family of Computer Systems (MFoCS) II to be a standard component of the JLTV.
A baseline configuration helps explain how and when a military weapons system, such as the JLTV, will be upgraded or undergo other changes by describing the system's current state.
The MFoCS II is made up of three different sized ruggedized touch-screen display units with sunlight visibility, platform computing servers, docking stations, interconnecting cables, and installation kits. More than 40 different types of ground vehicles and weaponry can use this range of robust vetronics computers.
The Joint Battle Command-Platform (JBC-P) of the Army is supported by the MFoCS II family of systems, which also includes multi-touch screens, cyber security, and system upgrades.
Along with the Army's ongoing development of the JBC-P systems for tactical situational awareness, global blue force tracking, and in-transit visibility logistics tracking, the MFoCS II rugged computer family has also seen performance improvements of its computing server.
1.Availability of cost effective components
2.Rapid growth of automotive industry
3.Emergence of wireless communication technology
4.Border security and competition
The pandemic has considerably affected the production and delivery of military products, which, in turn, will diminish the growth of the market.
Stringent government norms have disrupted the import and export of goods, resulting in delayed deliveries. The halt on operations has critically thwarted the production in manufacturing processes.
Prominent companies situated in the U.S., the U.K., Germany, and France have experienced enormous loss due to the outbreak.
However, companies are implementing strategies to recover the financial damage caused by the coronavirus, which, in turn, can improve the market scenario.
To emerge strongly from the COVID-19 crisis, Military Vetronics companies are likely to develop effective crisis-management strategies including emphasis on next-generation products, and solutions.
Modestly reducing Military Vetronics R&D budgets, Constant monitoring on Military Vetronics market trends, Systematic approaches to investment/divestment, Carefully launching marketing strategies, Strengthening long term contracts.
The global semiconductors, electronics, information, communication, and technology industry witnessed diverse trends over the past two years with manufacturing and other heavy industries facing operational challenges. On the other hand, data center services, cloud computing, and other online supporting sectors gained significantly from the market trends.
| Company | Contract Info | Contract Value |
| General Dynamics | A new light ground mobility vehicle to move infantry warfighters quickly on and off roads across future battlefields | $14.4 million |
| Raytheon | Upgrade and modification of sensor system software and hardware for EA-18G and F/A-18 aircraft to incorporate improvements | $88 million |
| Lockheed Martin | To provide technical support services related to the THAAD missile system in the Kingdom of Saudi Arabia | $945.9 million |
| Oshkosh Defence | To recapitalize vehicles in its family of heavy tactical vehicles fleet. As per the contract, the company will recapitalize around 407 palletized load system trucks and heavy expanded mobility tactical trucks and also manufacture nearly 601 new palletized load system trailers.
| $232.7 million |
| BAE Systems | The low rate initial production of armored multi-purpose vehicles and vetronics.
| $575 million |
To replace the Corps' ageing fleet of amphibious assault vehicles, U.S. Marine Corps experts in amphibious warfare are purchasing new amphibious combat vehicles (ACVs) and related vehicls (AAVs).
Marine Corps Systems Command representatives announced a $183.8 million purchase for 36 ACVs for the ACV 1.1 programme from the BAE Systems Platforms & Services division in Sterling Heights, Michigan. With the order, the company's most recent ACV contract's overall value has increased to $3.3 billion.
Marine infantry warfighters can be transported by ACV wheeled armoured combat vehicles from ships offshore to invasion beaches. The pricey expeditionary combat vehicle (EFV) programme was scrapped by the Marine Corps.
The Superav 8x8 amphibious armoured personnel carrier created by the Italian company Iveco Defence Vehicles is the design inspiration for BAE Systems' ACV.
ACV systems are created with low-profile optical and infrared signatures, modular protection, and other armoured vehicle technologies in order to function through enemy direct fire, indirect fire, and land mines.
With M1 Abrams main battle tanks in a mechanised task force, the vehicles can move at speeds of up to 65 mph while manoeuvring on land from as far away as 12 miles out at sea. They can also switch seamlessly between performing ground operations and operating in the water.
The ACV is capable of destroying comparably light enemy combat vehicles.The ACV can move 17 Marines at a pace of at least 8 knots through three-foot seas while providing direct fire support for Marine infantry.
The ACV can operate with a wheel blown off and has considerable ground clearance on terrain to withstand the effects of land mine blasts.
The number of defence companies vying to develop the next-generation fast armoured combat vehicles and vetronics architecture to replace the military's M2 Bradley Fighting Vehicle is being reduced by specialists in land warfare from the U.S. Army.
Construction of the Optionally Manned Fighting Vehicle (OMFV) prototypes will be handled by General Dynamics Land Systems in Sterling Heights, Michigan.
The OMFV will feature advanced electronics, machine autonomy for operating in unmanned mode, a 30-millimetre cannon, and a second-generation forward looking infrared (FLIR) sensor system for fighting at night, in bad weather, or in smoke and haze.
The OMFV will be able to operate with or without a human crew.The Next-Generation Combat Vehicle (NGCV) programme, which is responsible for designing a number of armoured vehicles and vetronics, includes the OMFV as one of a future family of Army combat vehicles.
This programme aims to replace outdated platforms and add new capabilities to Army forces.
The NGCV programme includes the Armoured Multi-Purpose Vehicle (AMPV), which will replace the M113 armoured personnel carrier, the Mobile Protected Firepower (MPF) light tank for Infantry Brigade Combat Teams (IBCTs), the Robotic Combat Vehicle (RCV), which consists of three unmanned ground vehicles in light, medium, and heavy configurations, and the Decisive Lethality Platform (DLP), which will replace the M1 Abrams main battle tank.
The OMFV is set to take over for the M-2 Bradley, which is currently in use. It conveys men across the field of combat, supports the firing team, and engages enemy armoured fighting vehicles.
In terms of new electronics, armour, and defence systems, the Bradley is at the technical edge of its ability to accommodate them. According to Army officials, the OMFV should be optionally manned, meaning that it needs to be capable of performing operations under remote control even when its crew is not there.
Up to six infantry personnel should be able to be transported in the future vehicle, which should have no more than two crew members.
It should be possible for the C-17 cargo jet to transport two OMFVs and have them prepared for battle within 15 minutes of landing.The new vehicle should be able to combat in cities, super-elevate armaments, and simultaneously engage threats with its primary gun and a separate weapons system.
The OMFV should also be able to carry extended-range medium-calibre, directed-energy, and missiles and should be protected sufficiently to survive on battlefields of the present and the future. It should also be able to transfer targets to infantry soldiers on foot, in vehicles, and by unmanned systems.
Embedded training systems, cutting-edge power systems, reactive armour, active protection, directed-energy weapons, and sophisticated target sensors should all be included in the OMFV.
The industry has some of the key players being BAE Systems PLC, Curtiss-Wright Corporation, General Dynamics Corporation, Harris Corporation, Leonardo-Finmeccanica S.P.A, Lockheed Martin Corporation, Raytheon Company, Rheinmetall AG, Saab Group, Thales Group, etc.
Market players have adopted various strategies to improve their market shares and increase the penetration of their products, worldwide.
In the recent past, market players have adopted various strategies, such as R&D and innovation, product launch, partnership, collaboration, and joint venture, expansion, and constituent as their major growth strategies to sustain the stiff competition in the market.
The prominent players manufacturing and offering vetronics systems are anticipated to continuously invest in research and development activities to develop innovative products and improve the efficiency of the systems.
These players intend to emphasize long-term agreement, joint ventures, and partnership with government organizations to increase their profit margins and sustain the stiff competition in the market.
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in theIndustry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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