Vetronics Market 2024-2028: Size and Cybersecurity concerns; growth driven by the Application, Some of key Companies Positioned Strategically

The vetronics market size by Application (Military and Homeland security) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 1126.2 million. The market is expected to grow at a CAGR of   4.5% between 2024 and 2028.

• In the realm of military applications, securing the on-vehicle vetronics network is a paramount concern. Cyber threats against onboard computer systems and networking hardware via electronic attacks are increasingly common, posing significant risks. These threats encompass the potential to remotely disable engines or manipulate vehicle functions such as brakes, executed through the Controller Area Network (CAN) bus. The absence of inherent security measures for CAN bus systems can leave networked onboard computers vulnerable to sophisticated hackers and malicious software. Such intrusions can grant unauthorized access to critical vehicle systems, jeopardizing ongoing military missions with potentially severe consequences.
• The Vetronics market encompasses the production and sale of electronic systems and components for the veterinary industry. These technologies enhance animal care and diagnostic capabilities, including telemedicine, monitoring systems, and imaging equipment. Market growth is driven by increasing pet ownership, advancements in veterinary technology, and the need for more efficient and accurate diagnostic tools. Companies in this sector must stay abreast of technological advancements and regulatory requirements to remain competitive.

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Some of the Key Companies:

• Adecco Group AG
• AMETEK Inc.
• BAE Systems Plc
• Curtiss Wright Corp
• Elbit Systems Ltd.
• General Dynamics Corp.
• Kongsberg Gruppen ASA
• Krauss Maffei Wegmann GmbH and Co. KG
• L3Harris Technologies Inc.
• Leonardo Spa
• Lockheed Martin Corp.
• Moog Inc.
• Oshkosh Corp.
• Rheinmetall AG
• RTX Corp.
• Saab AB
• TE Connectivity Ltd.
• Thales Group
• Ultra Electronics Holdings Plc

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