Vetronics Market Is Poised For Significant Growth In Value And Adoption Over The Forecast Period

How Has The Vetronics Market Performed Historically, And What Growth Trajectory Is Expected Ahead?
The vetronics market size has grown steadily in recent years. It will grow from $3.94 billion in 2025 to $4.13 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to rise in deployment of legacy vehicle control units, expansion of traditional military communication systems, adoption of early-generation surveillance modules, increased modernization of armored vehicle fleets, growing reliance on analog electrical control systems.

The vetronics market size is expected to see steady growth in the next few years. It will grow to $5.02 billion in 2030 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to increased demand for advanced defense mobility systems, expansion of autonomous battlefield technologies, rising focus on interoperable military communication networks, growth of digital battlefield awareness platforms, development of next-generation power and control systems. Major trends in the forecast period include integration of AI-driven vehicle control systems, expansion of autonomous combat and support platforms, advancement of cyber-secure vetronics architectures, adoption of intelligent manufacturing for defense electronics, development of IoT-enabled situational awareness systems.

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What Essential Growth Drivers Are Pushing The Vetronics Market Forward?
The increasing focus of military and defense services is driving the vetronics market. Terrorist activities, political upheaval around the world, and geopolitical tensions in countries have increased the focus on defense and military affairs, resulting in the procurement of next-generation combat vehicles. Vetronics supports military and defense by integrating advanced electronic, communication, and sensor systems within vehicles, enhancing situational awareness, targeting, navigation, and overall operational effectiveness on the battlefield. For example, in March 2023, according to a defense correspondent's report, Rheinmetall's Military Vehicle Centre of Excellence (MILVEHCOE) in Queensland will build Australia's 186 Boxers. Therefore, the increasing focus of military and defense services is expected to propel the growth of the vetronics market over the coming years.

Which Segment Groups Play A Crucial Role In Outlining The Vetronics Market’s Structure?
The vetronics market covered in this report is segmented –

1) By Vehicle Type: Main Battle Tank, Light Combat Vehicles, Armored Personnel Carriers, Infantry Fighting Vehicle, Other Vehicles
2) By System: Weapon And Control System, Command And Communication, Navigation And Display, Sensor And Optronics, Power System, Other Systems
3) By Platform: Homeland Security, Military

Subsegments:
1) By Main Battle Tank: Command And Control Systems, Fire Control Systems, Navigation Systems, Communication Systems
2) By Light Combat Vehicles: Situational Awareness Systems, Weapon Control Systems, Surveillance And Reconnaissance Systems
3) By Armored Personnel Carriers: Communication And Intercom Systems, Mobility And Navigation Systems
4) By Infantry Fighting Vehicle: Fire Control and Targeting Systems, Advanced Sensors, Crew Management Systems
5) By Other Vehicles: Utility Vehicles, Reconnaissance Vehicles, Support Vehicles

Which Rising Trends Are Anticipated To Influence The Future Trajectory Of The Vetronics Market?
Major companies operating in the vetronics market are focusing on advanced innovations such as next-generation digital tank sights to enhance battlefield awareness, improve targeting accuracy, increase data flow, and support operational superiority in modern combat scenarios. Digital tank sights integrate high-resolution optronic sensors, inertial navigation, and panoramic observation capabilities to provide commanders and gunners with precise detection, identification, and targeting of objects at long distances under all conditions. For instance, in February 2024, Nexter, a France-based companythat offers land-based military systems, and Safran Electronics & Defense, a France-based defense technology firm, were awarded a contract by the French MOD’s procurement and technology agency (DGA) to develop and integrate new sights for the renovated Leclerc XLR tank. The upgrade includes a latest-generation PASEO sight for the commander, a modernized gunner’s sight, and digital video systems, enabling enhanced observation, engagement, and operational effectiveness, while ensuring the Leclerc XLR remains capable against evolving battlefield threats until the introduction of its successor vehicles.

Which Companies Represent The Key Strategic Forces Within The Vetronics Market?
Major companies operating in the vetronics market are 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

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Which Regional Clusters Are Forecasted To Outperform Others In The Vetronics Market?
North America was the largest region in the vetronics market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vetronics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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