The North America vetronics market is anticipated to project a CAGR of 4.70% during the forecast period, 2022-2030, and is expected to record a revenue of $1803.42 million by 2030.

The vetronics market growth in North America is propelled by the government and military efforts to modernize its army. Also, the current upgradation programs of the obsolete platforms boost market demands. Additionally, the Department of Defense and industry players are investing considerably in R&D activities to modernize the land-based fleet. However, the market growth of the region is hindered by the delays in approvals of high-budget contracts and production timelines.

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Canada and the United States are evaluated for the North America vetronics market growth analysis. In the United States, the fast-paced integration of command systems and electronic information into military vehicles has become a necessity. These systems are being set up as networks, sharing information with combatants on the ground and across platforms within the same platform. Also, five military contractors were chosen by the US Army land warfare experts in August 2021 to build the Army M2 Bradley Fighting Vehicle replacement’s next-generation rapid armored combat vehicles and vetronics architecture. In addition, the US Army announced five different contracts for the phase-two concept design of the Optionally Manned Fighting Vehicle (OMFV).

Furthermore, it would emphasize cutting-edge electronics, a second-generation forward-looking infrared (FLIR) sensor system, a 30-millimeter cannon, and machine autonomy for unmanned operation for combat at night or during haze or smoke. Moreover, OMFV is a part of a future family of Army combat vehicles included in the Next-Generation Combat Vehicle (NGCV) program to produce armored vehicles and vetronics to improve Army units’ capabilities. Such factors drive the US vetronics market growth.

The segmentation analysis of the North America vetronics market growth includes vehicle type, end-user, and system. The vehicle type includes artillery, rocket projectors, armored vehicles, and tanks.

With regard to artillery, the US Army purchased swiftly maneuverable and modernized large-caliber field artillery cannons with digital vetronics and contemporary power systems. Also, there have been requests for more M992A3 ammo carriers and M109A7 self-propelled howitzer artillery from BAE Systems Platforms & Services. Such modifications are evaluated to aid the M109A7 155-millimeter artillery to keep up with the M2 Bradley armored personnel carrier and M1 Abrams main battle tank, both part of the quick-moving armored brigade combat team (ABCT) of the army.

In terms of rocket projectors, the Lockheed Martin Missiles and Fire Control MLRS M270 is a highly mobile rocket artillery system used in warfare. The MLRS system is used by the military forces of the United Kingdom, the United States, Turkey, South Korea, Japan, Saudi Arabia, Italy, Israel, Greece, Germany, France, Egypt, Bahrain, and Finland. At the same time, the system is built in Europe by the United Kingdom, Italy, Germany, and France as part of an international coalition of firms.

Further, in April 2021, the US Department of Defense (DOD) granted a contract modification of $214.7 million to Lockheed Martin Missiles and Fire Control for continued modernization of the M270 MLRS to M270A2. Additionally, the British Army unveiled a five-year plan in April 2021 to upgrade its current fleet to 44 M270 MLRS launchers.

Some of the leading companies operating in the North America vetronics market include General Dynamics Corporation, Thales Group, Rheinmetall AG, SAAB AB, etc.

General Dynamics Corporation (GD) is an American aerospace and defense company that provides combat vehicles, business aviation, weapon systems & ammunition, shipbuilding & maintenance, (C4ISR) solutions, and information technology services. The company’s five business divisions include marine systems, mission systems, information technology, combat systems, and aerospace. It is headquartered in Reston, Virginia.

One of its products, GVR5 Dual-Band Wave Relay MANET, is a dual-band mobile ad hoc networking (MANET) solution that easily transmits location, sensor, text, video, and audio data without the need for established infrastructure.

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