Latin America Vetronics Market Forecast 2022-2030

Latin America Vetronics Market Forecast 2022-2030


The Latin America vetronics market is projected to register a CAGR of 2.26% during the forecast period, 2022-2030. Several procurement projects are in the pipeline in the region with regard to main battle tanks, artillery, and armored vehicles. Accordingly, the approval of the pending projects in the next few years is set to promote market growth in Latin America.


Venezuela, Brazil, Argentina, Mexico, and Rest of Latin America are evaluated for the Latin America vetronics market growth assessment. In Argentina, platforms like Panhard AML, VCTP, AMX-VCI, and M113 are evaluated as appropriate for the country’s security operations against international terrorist groups, criminal trafficking organizations, and drug cartels. These are also assessed to aid the security of the country’s troops during UN missions. Additionally, the acquisition of additional armored vehicles is projected to enhance Argentina’s defense and automotive sectors along with minimizing its reliance on imports. Besides, such aspects are expected to strengthen its economy eventually.

In countries Colombia, the growing domestic economy, the risks posed by rebel groups, and the threat posed by Venezuela drive the military expenditure. Also, the Defense Ministry is set to purchase fighters, main battle tanks, transport & utility aircraft, multi-role aircraft, armored personnel carriers, and infantry combat vehicles equipped with the latest and advanced electronic systems.


Some of the prominent companies in the Latin America vetronics market include Lockheed Martin, SAAB AB, Raytheon Technologies, Rheinmetall AG, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Technological Developments
3.1.2. Standardization Of Vetronics System (Open Architecture)
3.1.3. Continuous Efforts In Research And Development
3.1.4. Military Modernization Programs
3.2. Key Restraints
3.2.1. Cyber Security
3.2.2. Decreasing Defense Budget
3.2.3. Regulations
4. Key Analytics
4.1. Impact Of Covid-19 On Vetronics Market
4.2. Key Market Trends
4.3. Porter’s Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Value Chain Analysis
4.6.1. Component Providers
4.6.2. System Manufacturers / Oems
4.6.3. Distribution
4.6.4. End-users
4.6.5. Aftermarket Services
5. Market By Vehicle Type
5.1. Tanks
5.2. Armored Vehicles
5.3. Artillery
5.4. Rocket Projectors
6. Market By System
6.1. Electronic Warfare & C4 System
6.2. Navigation System
6.3. Power System
6.4. Vehicle Protection System
7. Market By End-user
7.1. Defense
7.2. Homeland Security
8. Geographical Analysis
8.1. Latin America
8.1.1. Market Size & Estimates
8.1.2. Key Growth Enablers
8.1.3. Key Challenges
8.1.4. Key Players
8.1.5. Country Analysis Brazil Argentina Venezuela Mexico Rest Of Latin America
9. Competitive Landscape
9.1. Key Strategic Developments
9.1.1. Mergers & Acquisitions
9.2. Company Profiles
9.2.1. Bae Systems
9.2.2. Curtiss-wright
9.2.3. General Dynamics Corporation
9.2.4. L3hariss Technologies
9.2.5. Leonardo Spa
9.2.6. Lockheed Martin
9.2.7. Norinco - China
9.2.8. Northrop Grumman
9.2.9. Raytheon Technologies
9.2.10. Rheinmetall Ag
9.2.11. Saab Ab
9.2.12. Thales Group

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