Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global military embedded systems market likely to propelling due to rising demand for new and advanced electronic combat systems and increased focus on cloud computing and wireless technologies
Global military embedded systems market size valued at USD 12.78 billion in 2019, which expected to reach USD 21.74 billion by 2027, growing at a CAGR of 6.60 % during 2020-2027. It is primarily attributed to the various improvements in integrated circuits and processor technologies that have led to a deterioration in the overall hardware costs associated with embedded systems. Further, the technological advancements in military embedded systems to overcome the challenges the latency, network bandwidth, reliability, and security will spur the growth of the market. Additionally, the growing usage of military embedded systems in command, control, communication, computers, intelligence, surveillance, and reconnaissance will propel the military embedded systems demand globally.
Moreover, the surge in government expenditure on military modernization, along with the increase in demand in unmanned applications, will trigger the growth of global military embedded systems market share. The military embedded systems should pay more attention to their reliability design, test, and evaluation technology, and reliability should be given priority as the most crucial indicator of embedded systems. Furthermore, the rise in the applications of military embedded systems to plan the mission and provide operational needs of weapon platforms with satellite, radio, fiber optic, and other communication networks as the center is expected to foster the global market growth. Also, the embedded systems help in strengthening the stability of the power supply and providing software protection in the event of a power failure; a file system should also be introduced to complete the data storage and management functions to enhance the system reliability.
Components Overview in the Global Military Embedded Systems Market
Based on the components, the global military embedded systems market bifurcates into hardware and software. The hardware will be the fastest-growing segment in the forecast period. It is attributable to the hardware includes an embedded microprocessor, embedded memory, and general-purpose I / O interfaces and devices. The embedded microprocessor is the core part of the hardware layer, which is responsible for processing software programs and receiving external device signals.
Product Overview in the Global Military Embedded Systems Market
Based on product, the global military embedded systems market segregated into Advanced Telecom Computing Architecture, Compact-PCI Board, Compact-PCI (CPCI) Serial, VME Bus, Open VPX, Motherboard & Computer-On-Module (COM), Single Board Computers, Micro-TCA and Advanced-MC, and Others. The Advanced Telecom Computing Architecture held for the highest revenue in 2019 due to the growing demand for radar, sonar, flight control, and onboard system applications will trigger the advanced telecom computing architecture market.
Platform Overview in the Global Military Embedded Systems Market
Based on the platform, the global military embedded systems market classified into Land, Airborne, Naval, and Space. The Airborne segment accounted for a larger market share in 2019 and projected to lead the market by 2027. It is due to the massive demand for surveillance operations due to geographical instability across the world.
Technology Overview in the Global Military Embedded Systems Market
Based on technology, the global military embedded systems market categorized into edge computing, fog computing, and mist computing. The edge computing segment generated the largest revenue in 2019, on account of its help in the real-time operating system (RTOS) and embedded distribution systems for run unmodified within the same framework.
Application Overview in the Global Military Embedded Systems Market
Based on the application, the global military embedded systems market segregated into intelligence, surveillance, & reconnaissance (ISR), cyber & networking, electronic warfare, command & control, communication & navigation, sensor, camera, & display, weapon & fire control, wearable, and others. The intelligence, surveillance, & reconnaissance (ISR) segment estimated to dominate the military embedded systems market by 2027. It is due to the ISR help in provide actionable information to guide decisions for military missions and use multiple antennas to detect signals of interest and then determine the location of the signal source. Regional Overview in the Global Military Embedded Systems Market
By geography, the global military embedded systems Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific accounted for maximum revenue share in 2019, owing to the advancements to overcome the challenges in latency, network bandwidth, reliability, and security. Additionally, the availability of low-cost electronic products is expected to surge the demand for military embedded systems.
Global Military embedded Systems Market: Competitive Landscape
Companies such as Intel Corporation, Microsemi Corporation, Curtiss-Wright Corporation, Kontron AG, Xilinx, Inc., Mercury Systems, Inc., Eurotech, General Dynamics Corporation, General Micro Systems, Inc., Advantech Co., ltd., Thales Group, Nxp Semiconductors, Renesas Electronics Corporation, Microsemi Corporation, Abaco Systems, ADLINK Technology Inc., Aitech Defense Systems, Inc, Elma Electronic Inc., and Excalibur Systems are the key players in the global military embedded systems market.