The Europe vetronics market is expected to record a CAGR of 4.33% during the forecast period, 2022-2030, and is set to project revenue of $1212.07 million by 2030.

The vetronics market growth in Europe is attributed to the growing number of military initiatives with regard to obsolete vehicle fleets. Countries like the United Kingdom, Spain, Italy, France, and Germany are working together on several programs for modernizing their land-based platforms. Also, eminent market players like BAE Systems, Nexter, Thales Group, etc., are majorly investing in research and development activities in the vetronics sector to incorporate land-based vehicles with network-centric technologies. However, the Europe vetronics market growth is hindered by regulations on the export and import of electronic components.

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The Europe vetronics market growth evaluation includes the assessment of the United Kingdom, Italy, France, Greece, Poland, Spain, Germany, and Rest of Europe. In the United Kingdom, defense initiatives drive market growth.   For instance, Nasmyth Group and WFEL have won the contract for providing precisely machined and manufactured components like vehicle electronics for the Boxer program. The ten-year long-term supply agreement encompasses the supply of essential components for armored combat vehicles. Also, the Boxer vehicles give the British Army new capabilities by integrating all-terrain mobility and long-distance road deployment.

In Spain, strategic developments among market players and the government contribute to market growth. For instance, in August 2020, the Spanish Ministry of Defense offered a USD $2.06 billion contract to General Dynamics European Land Equipment-Santa Barbara Sistemas (GDELS-SBS) and three other businesses to provide 348 8×8 Wheeled Combat Vehicles (VCR) with the newest electronic systems. It entails coverage for their upkeep, support for global commercialization, and life-cycle support. In addition, this initiative is set to expand to include around 1000 vehicles. Similarly, in Italy, the Iveco-Oto Melara Consortium (CIO) signed a contract on December 30, 2021, to offer 14 Mortar Carrier VBMs, 6 ‘10×10’ rescue & recovery vehicles, and 26 Command Post VBMs.

The Europe vetronics market segmentation includes end-user, system, and vehicle type. The system category includes power system, electronic warfare & C4 system, vehicle protection system, and navigation system.

Armored and tactical wheeled vehicles patrol and provide protection in some of the most dangerous war zones. These vehicles are used to defend enemy lines by integrating offensive & defensive capacity and operational mobility. At the same time, penetrators, explosive devices, and roadside bombs can cause explosive fires in engine compartments, tires, etc. In addition, these combat vehicles can erupt into flames if their hydraulic lines or fuel tanks are penetrated while in the crossfire, rendering them enemy targets.

Accordingly, protection by active shielding is a novel technology based on the principles of opto-pyrotechnic initiation, currently under development. It is a cutting-edge innovation in the active protection of armored vehicles. The goal of the research is to create an ultra-reliable and rapid opto-pyrotechnic initiating chain that can meet all operational requirements. The chain combines an opto-pyrotechnic detonator, fiber optics, and a tiny laser source initially developed and created for space uses.

Some of the leading companies in the Europe vetronics market include BAE Systems, General Dynamics Corporation, Northrop Grumman, Leonardo SPA, etc.

BAE Systems is engaged in the design, maintenance, production, and development of defense and aerospace systems. It is the largest defense contractor in Europe, with its central activities in the US and UK. The company has its headquarters in Farnborough, the United Kingdom.

One of its key products, 360 MVP Sensor System, enhances the situational awareness of ground vehicles, integrates seamlessly with other vehicle protection system components, and lessens the cognitive strain on crew members.

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