Zion Market Research Global Vetronics Market, 2016–2024 | Page 3

Vetronics Market
The global vetronics market can be segmented on the basis of application, subsystem,
vehicle type, and region. The application segment of the market is divided into homeland
security and defense. The defense segment of the market is anticipated to dominate the
market due to the rising defense expenditure around the world. The subsystem segment of
the market is diversified into .vehicle protection systems, communication & navigation, c3
systems, observation and display systems, weapon control systems, power systems, and
sensor & control systems. The C3 systems segment of the market is assumed to grow in the
market at a higher rate due to rise in the need for lightweight and technologically advanced
vetronics systems. The vehicle type segment of the market for vetronics is categorized into
light protected vehicles, amphibious armored vehicles, mine resistant ambush protected,
armored personnel carriers, infantry fighting vehicle, main battle tank, and others.
Regionally, the global vetronics market is grouped into Asia Pacific, North America, Europe,
Latin America, and the Middle East & Africa.
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Global Vetronics Market: Regional Analysis
Asia Pacific region is expected to lead the market for vetronics in the coming period. The
growth of this region is mainly influenced by the rise in the need for technologically
enhanced military land vehicles in the emerging economies. Also, the increase in defense
expenditure by emerging countries is the factor fueling the growth of the market in this
region. Latin America and Middle East & Africa are also expected to grow in the market at a
fast pace in the coming period.
Global Vetronics Market: Competitive Players