Vetronics Market Report 2025: Vetronics Market To Reach $4.96 Billion By 2029 At 5.5% CAGR

(MENAFN- GlobeNewsWire - Nasdaq) Growth in the vetronics market is driven by modernization of military vehicles, increased defense budgets, and technological advancements such as AI, machine learning, and enhanced vehicle communication. Key players like Rheinmetall AG and Kontron AG are innovating high-performance solutions, while North America leads the market. Asia-Pacific is the fastest-growing region, influenced by rising defense investments and geopolitical tensions.

Dublin, April 21, 2025 (GLOBE NEWSWIRE) -- The "Vetronics Market Report 2025" has been added to ResearchAndMarkets.com's offering.

The vetronics market is experiencing steady growth, with the market size projected to increase from $3.84 billion in 2024 to $4.01 billion in 2025 at a CAGR of 4.3%. This growth is driven by factors such as modernization of military vehicles, heightened security needs, and demand for network-centric warfare solutions. By 2029, the market is expected to reach $4.96 billion at a CAGR of 5.5%, underpinned by rising defense budgets and technological innovations like multifunctional displays and the development of autonomous vehicles.

Key market trends include the integration of advanced electronics, AI and machine learning, and the shift towards digitalization and sensor fusion. The growing focus on military and defense services, prompted by increased geopolitical tensions and terrorist activities, is further propelling market expansion. For instance, Rheinmetall's production of Boxer vehicles for Australia underscores the ongoing investments in next-generation combat vehicles.

The expansion of defense budgets is a significant catalyst for market growth. Enhanced financial resources enable the modernization of military vehicles with advanced vetronics systems, crucial for improving communication and operational efficiency. The U.S. defense spending, which increased by $71 billion from 2021 to 2022, exemplifies this trend. Additionally, technological advancements like wireless communications and vehicle modernization initiatives are reshaping the vetronics landscape.

In the competitive arena, companies are focusing on developing high-performance computing solutions for military environments. A notable example is Kontron AG's DARC VX208, a rugged mission computer system introduced in May 2022, optimized for harsh military and aerospace conditions. This system features advanced processing and communication technologies, offering optional NVIDIA or AMD GPU modules for enhanced capabilities.

Rheinmetall's acquisition of Loc Performance in August 2024 for USD 950 million, aiming to strengthen its position in the U.S. defense market, highlights strategic moves within the industry. This acquisition supports Rheinmetall's ambitions to secure significant U.S. Army vehicle program orders, valued at over USD 60 billion.

Key players in the vetronics market include Rheinmetall AG, Raytheon Technologies Corporation, L3Harris Technologies Inc., and Lockheed Martin Corporation, among others. North America leads the market, while Asia-Pacific is expected to be the fastest-growing region. The comprehensive vetronics market report provides detailed statistics, trends, and opportunities, essential for navigating and excelling in this progressive industry.

The vetronics market primarily comprises sales of C3 systems, vehicle protection systems, and power systems, evaluated at factory gate values. Defined in terms of revenues from goods and services, the market spans regions including Asia-Pacific, Western Europe, and North America, among others, offering a broad perspective on its global impact.

Report Highlights:

• Market Characteristics and Growth Analysis: Explore detailed market breakdowns, growth metrics, and segmentation of vehicle types, systems, and platforms.
• Regional and Country Insights: Analyze the market's historical and projected growth by geography for a well-rounded understanding of global market dynamics.
• Competitive Landscape: Dive into profiles of leading companies like Rheinmetall AG, Raytheon Technologies Corporation, L3Harris Technologies Inc., Lockheed Martin Corporation, and Thales Group. Understand key financial deals shaping the industry.
• Trends and Strategies: Discover how the market is evolving post-crisis and explore strategic growth opportunities.

Scope and Coverage:

• Markets Covered: Includes Main Battle Tanks, Light Combat Vehicles, Armored Personnel Carriers, Infantry Fighting Vehicles, and Other Vehicles.
• Systems Analysis: Covering weapon control, communication, navigation, sensor systems, and more.
• Platform Analysis: Differentiation between homeland security and military applications.

This report extends its analysis to key countries including Australia, Brazil, China, France, Germany, India, and others, across regions like Asia-Pacific, Western Europe, and North America. It includes time series data spanning five years historically and forecasts for the next ten years.

Companies Featured
Some of the major companies featured in this Vetronics market report include:

• Rheinmetall AG
• Raytheon Technologies Corporation
• L3Harris Technologies Inc.
• Lockheed Martin Corporation
• Thales Group
• Curtiss-Wright Corporation
• General Dynamics Corporation
• Leonardo SpA
• Elbit Systems Ltd.
• Collins Aerospace
• Harris Corporation
• Northrop Grumman Corporation
• Honeywell International Inc.
• Moog Inc.
• Ultra Electronics Holdings PLC
• Kongsberg Gruppen ASA
• ASELSAN AS
• Cobham PLC
• QinetiQ Group PLC
• Meggitt PLC
• Safran Electronics & Defense
• Rafael Advanced Defense Systems Ltd.
• Israel Aerospace Industries Ltd.
• Aselsan Elektronik Sanayi ve Ticaret AS
• BAE Systems PLC
• General Electric Company
• ITT Inc.

Key Attributes:

Report Attribute	Details
No. of Pages	200
Forecast Period	2025 - 2029
Estimated Market Value (USD) in 2025	$4.01 Billion
Forecasted Market Value (USD) by 2029	$4.96 Billion
Compound Annual Growth Rate	5.5%
Regions Covered	Global

Key Topics Covered:
1. Executive Summary
2. Vetronics Market Characteristics
3. Vetronics Market Trends and Strategies
4. Vetronics Market - Macro Economic Scenario
5. Global Vetronics Growth Analysis and Strategic Analysis Framework
5.1. Global Vetronics PESTEL Analysis
5.2. Analysis of End Use Industries
6. Vetronics Market Segmentation
6.1. Segmentation by Vehicle Type
6.2. Segmentation by System
6.3. Segmentation by Platform
7. Vetronics Market Regional and Country Analysis
7.1. Split by Region
7.2. Split by Country
8. Asia-Pacific Vetronics Market
9. China Vetronics Market
10. India Vetronics Market
11. Japan Vetronics Market
12. Australia Vetronics Market
13. Indonesia Vetronics Market
14. South Korea Vetronics Market
15. Western Europe Vetronics Market
16. UK Vetronics Market
17. Germany Vetronics Market
18. France Vetronics Market
19. Italy Vetronics Market
20. Spain Vetronics Market
21. Eastern Europe Vetronics Market
22. Russia Vetronics Market
23. North America Vetronics Market
24. USA Vetronics Market
25. Canada Vetronics Market
26. South America Vetronics Market
27. Brazil Vetronics Market
28. Middle East Vetronics Market
29. Africa Vetronics Market
30. Vetronics Market Competitive Landscape and Company Profiles
30.1. Vetronics Market Competitive Landscape
31. Vetronics Market Other Major and Innovative Companies
32. Global Vetronics Market Competitive Benchmarking and Dashboard
33. Key Mergers and Acquisitions in the Vetronics Market
34. Recent Developments in the Vetronics Market
35. Vetronics Market High Potential Countries, Segments and Strategies
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