PUBLISHER: The Business Research Company | PRODUCT CODE: 1670315
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670315
Military vetronics involves the integration of advanced electronics and computer systems into military vehicles, aiming to enhance situational awareness, survivability, and combat effectiveness. These systems are deployed across various functionalities within military vehicles, encompassing navigation, observation, communications, power management, propulsion, and weapon systems.
Primary categories of military electronics include navigation systems, communication systems, power systems, control and data distribution systems, C4 (Command, Control, Communications, and Computers) systems, display systems, and other related systems. Navigation systems, for instance, provide critical information regarding a vehicle's precise position, speed, and direction. These systems are available in both line-fit (original installation) and retrofit versions, catering to diverse applications such as unmanned ground vehicles, light-protected vehicles, specialized military vehicles, armored amphibious vehicles, among others. They find utilization predominantly within defense and homeland security sectors.
The military vetronics market research report Is one of a series of new reports from The Business Research Company that provides military vetronics market statistics, including military vetronics industry global market size, regional shares, competitors with a military vetronics market share, detailed military vetronics market segments, market trends and opportunities, and any further data you may need to thrive in the military vetronics industry. This military vetronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The military vetronics market size has grown steadily in recent years. It will grow from $5.36 billion in 2024 to $5.59 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to the modernization of military vehicles, focus on c4isr systems, increasing threats and security challenges, network-centric warfare strategies, and demand for enhanced communication systems
The military vetronics market size is expected to see steady growth in the next few years. It will grow to $6.65 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to the integration of AI and autonomous technologies, emphasis on cybersecurity measures, rise in urban warfare and hybrid threats, enhanced electronic warfare capabilities, and global geopolitical developments. Major trends in the forecast period include modularity and scalability, unmanned ground vehicle (UGV) integration, energy-efficient power management, data fusion and analytics, cross-domain integration.
An increase in defense spending is expected to drive the growth of the military vetronics market in the future. Defense expenditure includes all current and capital outlays for the armed forces, covering peacekeeping troops from defense ministries and other government entities involved in defense initiatives, as well as paramilitary forces. With larger defense budgets, military organizations can dedicate more resources to the research, development, and acquisition of advanced vetronic systems. This heightened investment allows the military to implement cutting-edge technologies such as advanced sensors, communication systems, unmanned systems, and integrated command and control systems. For instance, in April 2024, the Stockholm International Peace Research Institute, a Sweden-based independent authority on global security, reported that total global military expenditure reached $2,443 billion in 2023, marking a 6.8% increase in real terms compared to 2022. Therefore, the rise in defense expenditure will propel the military vetronics market forward..
The burgeoning demand for unmanned vehicles is expected to be a key driver propelling the expansion of the military robotics market. Unmanned vehicles, designed to operate autonomously or under remote human control, play a pivotal role in diverse military applications. The rising demand for unmanned vehicles is underpinned by the integral role of military vetronics, supplying essential electronic systems and advanced communication technologies. As reported by the International Civil Aviation Organization (ICAO) in January 2022, the production of Unmanned Aerial Systems (UAS) is projected to escalate from 2 million units in 2021 to a forecasted 6.5 million units by the year 2030. This surge in demand for unmanned vehicles is poised to drive growth in the military robotics market.
The military vetronics market is experiencing a significant trend towards product innovations, with major companies actively developing new products to fortify their market position. An illustrative example is Kontron AG, a German-based company specializing in embedded computer modules and systems for defense and homeland security. In May 2022, Kontron introduced the DARC VX208, a high-performance, ruggedized, and secure SWaP-constrained mission computer system. Specifically designed for deployment in challenging military and aerospace scenarios, including mission computing, command and control, electronic warfare, and vetronics, the DARC VX208 integrates two Optical 10 GbE ports with server-class computing and MIL-DTL38999 I/O capabilities. It particularly suits applications requiring high bandwidth, such as radars and high-definition video processing, to handle substantial data volumes efficiently.
Major companies in the military vetronics market are placing a strategic focus on developing technologically advanced products, including non-ITAR vehicular navigation systems. Non-ITAR vehicular navigation systems are navigation technologies incorporated into vehicles that operate outside the purview of the International Traffic in Arms Regulations (ITAR). Rockwell Collins Aerospace Company, a prominent US-based aerospace and defense corporation, exemplifies this approach. In June 2022, the company launched NavHub-200M, a revolutionary vehicular navigation system designed for the global market, free from ITAR constraints and compatible with Military Code (M-Code) receiver technology. NavHub-200M distinguishes itself with enhanced message formats and signal modulation techniques, ensuring swift and precise performance for ground vehicles operating in connected battle environments. Beyond its Assured Positioning, Navigation, and Timing (APNT) features, NavHub-200M enhances resilience against evolving threats targeting Global Positioning Systems (GPS), including jamming and spoofing.
In July 2022, Curtiss-Wright Corporation, a US-based aviation firm, acquired Safran Aerosystems Arresting Company for $0.240 billion. This acquisition positions Curtiss-Wright Corporation as a leading supplier of recovery and arresting systems for fixed-wing aircraft. Additionally, it enhances its global defense portfolio, as 75% of Safran Aerosystems Arresting Company's sales come from markets outside the US. Safran Aerosystems Arresting Company is a France-based manufacturer specializing in emergency arresting systems for fixed-wing aircraft.
Major companies operating in the military vetronics market include General Electric Co, Raytheon Company, The Boeing Company, Lockheed Martin Corporation, Rheinmetall AG, Elbit Systems Ltd., Saab AB, General Dynamics Corporation, Northrop Grumman, Kongsberg Gruppen ASA, Cummins Inc., BAE Systems Inc., Collins Aerospace, Curtiss-Wright Corp, Cobham Limited, Safran SA, Thales SA, L3Harris Technologies Inc., TE Connectivity Ltd., Assabloy AB, Leonardo-Finmeccanica SPA, Oshkosh Defense LLC, Point Blank Enterprises Inc., KVH Industries Inc., C4 Advanced Tactical Systems LLC.
North America was the largest region in the military vetronics market in 2024. The regions covered in the military vetronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the military vetronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The military vetronics market consists of revenues earned by entities by joint fire support systems and vehicle optronics, and vehicle radar sensors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Military Vetronics Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on military vetronics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for military vetronics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The military vetronics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.