CHAPTER 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factor
3.2.2 Top winning strategies
3.2.3 Top investment pockets

3.3 Value chain analysis
3.4 Porters five forces analysis

3.4.1 High bargaining Power of buyers
3.4.2 Low bargaining power of suppliers
3.4.3 Competition rivalry
3.4.4 Threat of new entrants
3.4.5 Threat of substitutes

3.5 Market share analysis, 2015 (%)
3.6 Drivers

3.6.1 Easy availability of cost-effective components
3.6.2 Increased demand for enhanced vetronics
3.6.3 Emergence of wireless communication technology
3.6.4 Border insecurity and competition

3.7 Restraints

3.7.1 Low defense spending
3.7.2 Domestic capability

3.8 Opportunities

3.8.1 Advanced navigation technology-based vetronics
3.8.2 Efficient vetronics systems for emerging countries

CHAPTER 4 WORLD VETRONICS MARKET, BY SYSTEM TYPE

4.1 Introduction

4.1.1 Market size and forecast

4.2 Military communication, command and control (C3) system

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast

4.3 Sensors (EO/IR) system

4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast

4.4 Vehicle electronic warfare system

4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Market size and forecast

4.5 Other (navigation system and vehicle protection system)

4.5.1 Key market trends
4.5.2 Key growth factors and opportunities
4.5.3 Market size and forecast

CHAPTER 5 WORLD VETRONICS MARKET, BY REGION

5.1 Introduction
5.2 North America

5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast

5.2.3.1 U.S.

5.2.3.1.1 MARKET SIZE AND FORECAST

5.2.3.2 Canada

5.2.3.2.1 MARKET SIZE AND FORECAST

5.2.3.3 Mexico

5.2.3.3.1 MARKET SIZE AND FORECAST

5.3 Europe

5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast

5.3.3.1 United Kingdom

5.3.3.1.1 MARKET SIZE AND FORECAST

5.3.3.2 Germany

5.3.3.2.1 MARKET SIZE AND FORECAST

5.3.3.3 France

5.3.3.3.1 MARKET SIZE AND FORECAST

5.3.3.4 Spain

5.3.3.4.1 MARKET SIZE AND FORECAST

5.3.3.5 Italy

5.3.3.5.1 MARKET SIZE AND FORECAST

5.3.3.6 Rest of Europe

5.3.3.6.1 MARKET SIZE AND FORECAST

5.4 Asia-Pacific

5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast

5.4.3.1 China

5.4.3.1.1 MARKET SIZE AND FORECAST

5.4.3.2 Japan

5.4.3.2.1 MARKET SIZE AND FORECAST

5.4.3.3 India

5.4.3.3.1 MARKET SIZE AND FORECAST

5.4.3.4 Singapore

5.4.3.4.1 MARKET SIZE AND FORECAST

5.4.3.5 South Korea

5.4.3.5.1 MARKET SIZE AND FORECAST

5.4.3.6 Australia

5.4.3.6.1 MARKET SIZE AND FORECAST

5.4.3.7 Rest of Asia-Pacific

5.4.3.7.1 MARKET SIZE AND FORECAST

5.5 Latin America, Middle East and Africa (LAMEA)

5.5.1 Key market trends
5.5.2 Key growth factors and opportunities
5.5.3 Market size and forecast

5.5.3.1 Latin America

5.5.3.1.1 MARKET SIZE AND FORECAST

5.5.3.2 Middle East

5.5.3.2.1 MARKET SIZE AND FORECAST

5.5.3.3 Africa

5.5.3.3.1 MARKET SIZE AND FORECAST

CHAPTER 6 COMPANY PROFILES

6.1 Lockheed Martin Corporation

6.1.1 Company overview
6.1.2 Business performance
6.1.3 Key strategic moves and development

6.2 Leonardo-Finmeccanica S.p.a.

6.2.1 Company overview
6.2.2 Business performance
6.2.3 Key strategic moves and development

6.3 Saab Group

6.3.1 Company overview
6.3.2 Business performance
6.3.3 Strategic moves and developments

6.4 Thales S.A.

6.4.1 Company overview
6.4.2 Business performance
6.4.3 Strategic moves and developments of Thales S.A.

6.5 General Dynamics Corporation

6.5.1 Company overview
6.5.2 Business performance
6.5.3 Strategic moves and developments of General Dynamics Corporation

6.6 Harris Corporation

6.6.1 Company overview
6.6.2 Business performance
6.6.3 Strategic moves and developments of Harris Corporation

6.7 Curtiss-Wright Corporation

6.7.1 Company overview
6.7.2 Business performance
6.7.3 Strategic moves and developments of Curtiss-Wright Corporation

6.8 BAE Systems PLC.

6.8.1 Company overview
6.8.2 Business performance
6.8.3 Strategic moves and developments of BAE Systems PLC.

6.9 Raytheon Company

6.9.1 Company overview
6.9.2 Business performance
6.9.3 Strategic moves and developments of Raytheon Company

6.10 Rheinmetall AG

6.10.1 Company overview
6.10.2 Business performance
6.10.3 Strategic moves and developments of Rheinmetall AG

List of Figures

FIG. 1 WORLD VETRONICS MARKET REVENUE, BY COUNTRIES SNAPSHOT ($MILLION)
FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES
FIG. 3 KEY INVESTMENT POCKETS
FIG. 4 VETRONICS SYSTEM MARKET: VALUE CHAIN ANALYSIS
FIG. 5 PORTERS FIVE FORCES ANALYSIS
FIG. 6 MARKET SHARE ANALYSIS, 2015 (%)
FIG. 7 WORLD VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY SYSTEM TYPE, 2014 & 2022 (%)
FIG. 8 WORLD VETRONICS MARKET REVENUE, BY MILITARY COMMUNICATION, COMMAND AND CONTROL SYSTEM, 2014-2022 ($MILLION)
FIG. 9 WORLD VETRONICS MARKET REVENUE, BY SENSORS (EO/IR) SYSTEM, 20142022 ($MILLION)
FIG. 10 WORLD VETRONICS MARKET REVENUE, BY VEHICLE ELECTRONIC WARFARE SYSTEM, 20142022 ($MILLION)
FIG. 11 WORLD VETRONICS MARKET REVENUE, BY OTHER SYSTEM, 20142022 ($MILLION)
FIG. 12 WORLD VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY REGION, 2014 & 2022 (%)
FIG. 13 NORTH AMERICA: VETRONICS MARKET REVENUE, 20142022 ($MILLION)
FIG. 14 NORTH AMERICA VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY SYSTEM TYPE, 2014 & 2022 (%)
FIG. 15 NORTH AMERICA VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY COUNTRY, 2014 & 2022 (%)
FIG. 16 EUROPE: VETRONICS MARKET REVENUE, 20142022 ($MILLION)
FIG. 17 EUROPE VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY SYSTEM TYPE, 2014 & 2022 (%)
FIG. 18 EUROPE VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY COUNTRY, 2014 & 2022 (%)
FIG. 19 ASIA-PACIFIC: VETRONICS MARKET REVENUE, 20142022 ($MILLION)
FIG. 20 ASIA-PACIFIC VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY SYSTEM TYPE, 2014 & 2022 (%)
FIG. 21 ASIA-PACIFIC VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY COUNTRY, 2014 & 2022 (%)
FIG. 22 LAMEA: VETRONICS MARKET REVENUE, 20142022 ($MILLION)
FIG. 23 LAMEA VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY SYSTEM TYPE, 2014 & 2022 (%)
FIG. 24 LAMEA VETRONICS MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY COUNTRY, 2014 & 2022 (%)
FIG. 25 LOCKHEED MARTIN CORPORATION: REVENUE, 20132015 ($MILLION)
FIG. 26 LOCKHEED MARTIN CORPORATION: REVENUE, BY BUSINESS SEGMENT, 2015 (%)
FIG. 27 LEONARDO-FINMECCANICA S.P.A.: REVENUE, 20132015 ($MILLION)
FIG. 28 LEONARDO-FINMECCANICA S.P.A.: REVENUE, BY BUSINESS SEGMENT, 2015 (%)
FIG. 29 SAAB GROUP: SALES, 20122015 ($MILLION)
FIG. 30 SAAB GROUP: SALES, BY DIVISION, 2015 (%)
FIG. 31 SAAB GROUP: SALES, BY REGION, 2015 (%)
FIG. 32 THALES S.A.: SALES, 20122015 ($MILLION)
FIG. 33 THALES S.A.: SALES, BY BUSINESS SEGMENT, 2015 (%)
FIG. 34 THALES S.A.: SALES, BY REGION, 2015 (%)
FIG. 35 GENERAL DYNAMICS CORPORATION: REVENUE, 20132015 ($MILLION)
FIG. 36 GENERAL DYNAMICS CORPORATION: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 37 GENERAL DYNAMICS CORPORATION: REVENUE, BY REGION (%), 2015
FIG. 38 HARRIS CORPORATION: REVENUE, 20132015 ($MILLION)
FIG. 39 HARRIS CORPORATION: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 40 HARRIS CORPORATION: REVENUE, BY SUB-SEGMENT (%), 2015
FIG. 41 HARRIS CORPORATION: REVENUE, BY REGION (%), 2015
FIG. 42 CURTISS-WRIGHT CORPORATION: SALES, 20132015 ($MILLION)
FIG. 43 CURTISS-WRIGHT CORPORATION: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 44 CURTISS-WRIGHT CORPORATION: REVENUE, BY REGION (%), 2015
FIG. 45 BAE SYSTEMS PLC.: REVENUE, 20132015 ($MILLION)
FIG. 46 BAE SYSTEMS PLC.: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 47 BAE SYSTEMS PLC.: REVENUE, BY REGION (%), 2015
FIG. 48 RAYTHEON COMPANY: REVENUE, 20132015 ($MILLION)
FIG. 49 RAYTHEON COMPANY: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 50 RAYTHEON COMPANY: REVENUE, BY REGION (%), 2015
FIG. 51 RHEINMETALL AG: SALES, 20132015 ($MILLION)
FIG. 52 RHEINMETALL AG: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 53 RHEINMETALL AG: REVENUE, BY REGION (%), 2015

List of Tables

TABLE 1 WORLD VETRONICS MARKET REVENUE, BY REGION, 20142022 ($MILLION)
TABLE 2 WORLD VETRONICS MARKET REVENUE, BY SYSTEM TYPE, 20142022 ($MILLION)
TABLE 3 WORLD VETRONICS MARKET, REGION-WISE REVENUE, BY MILITARY COMMUNICATION, COMMAND AND CONTROL SYSTEM, 20142022 ($MILLION)
TABLE 4 WORLD VETRONICS MARKET, REGION-WISE REVENUE, BY SENSORS (EO/IR) SYSTEM, 20142022 ($MILLION)
TABLE 5 WORLD VETRONICS MARKET, REGION-WISE REVENUE, BY VEHICLE ELECTRONIC WARFARE SYSTEM, 20142022 ($MILLION)
TABLE 6 WORLD VETRONICS MARKET, REGION-WISE REVENUE, BY OTHER SYSTEM, 20142022 ($MILLION)
TABLE 7 WORLD VETRONICS MARKET, BY REGION, 20142022 ($MILLION)
TABLE 8 NORTH AMERICA: VETRONICS MARKET REVENUE, BY SYSTEM TYPE, 20142022 ($MILLION)
TABLE 9 NORTH AMERICA: VETRONICS MARKET, BY COUNTRY, 20142022 ($MILLION)
TABLE 10 EUROPE: VETRONICS MARKET REVENUE, BY SYSTEM TYPE, 20142022 ($MILLION)
TABLE 11 EUROPE: VETRONICS MARKET, BY COUNTRY, 20142022 ($MILLION)
TABLE 12 ASIA-PACIFIC: VETRONICS MARKET REVENUE, BY SYSTEM TYPE, 20142022 ($MILLION)
TABLE 13 ASIA-PACIFIC: VETRONICS MARKET, BY COUNTRY, 20142022 ($MILLION)
TABLE 14 LAMEA: VETRONICS MARKET REVENUE, BY SYSTEM TYPE, 20142022 ($MILLION)
TABLE 15 LAMEA: VETRONICS MARKET, BY COUNTRY, 20142022 ($MILLION)
TABLE 16 LOCKHEED MARTIN CORPORATIONCOMPANY SNAPSHOT
TABLE 17 LEONARDO-FINMECCANICA S.P.A.COMPANY SNAPSHOT
TABLE 18 SAAB GROUP- COMPANY SNAPSHOT
TABLE 19 THALES S.A.: SNAPSHOT
TABLE 20 GENERAL DYNAMICS CORPORATION- SNAPSHOT
TABLE 21 HARRIS CORPORATION- SNAPSHOT
TABLE 22 CURTISS-WRIGHT CORPORATION - SNAPSHOT
TABLE 23 BAE SYSTEMS PLC. - SNAPSHOT
TABLE 24 RAYTHEON COMPANY - SNAPSHOT
TABLE 25 RHEINMETALL AG - SNAPSHOT

The world vetronics market has witnessed considerable growth especially in the Asia-Pacific and LAMEA regions, owing to the increased demand for advanced vetronics systems in these regions to execute border security and surveillance activities. The overall vetronics market is projected to grow at a considerable CAGR during the period of 2016-2022, owing to increasing competition among neighboring countries especially in Asia-Pacific region. Furthermore, replacement market is anticipated to play an important role in the growth of the vetronics market during the forecast period.

The vetronics markets in Asia-Pacific and LAMEA regions are projected to grow at a higher CAGR as compared to that in the developed regions such as North America and Europe. This is primarily attributed to significant decrease in the military spending in these regions. For instance, in 2013, U.S. military spending declined by 7.7% as compared to that in the previous year.

In North America, the U.S. is the most attractive market for prominent players manufacturing and offering vetronics systems. Furthermore, the country is projected to increase its military spending in the coming years to replace the obsolete vetronics systems with latest technology equipped vetronics systems. The UK, Germany, France, and Italy are some of the lucrative market for key players in Europe. Further, these countries are projected to contribute around 65% revenue share of the overall market in the European region by 2022.

In Asia-Pacific region, China and India are projected to be crucial markets for the market players. The military spending in these countries are anticipated to increase at a significant rate during the forecast period, owing to increasing pressure in these countries to enhance the capabilities and efficiency of their military units.

Prominent players operating in the vetronics market are inclined towards investing in their in-house research and development facilities to develop innovate new technologies. Furthermore, continuous investment on R&D activities has enabled the key players to increase profitability and gain competitive edge. For instance, Curtiss-Wright Corporation invested $61 million, $68 million, and $64 million in 2015, 2014, and 2013, respectively, on research and development activities. Thus, prominent vetronics systems manufacturers are anticipated to continuously invest into research and development activities to bring innovation and improve efficiency of the systems. Furthermore, these players have focused on long-term agreements, joint ventures, and partnership with government organizations to increase their profit margin and sustain the stiff competition.