Military Embedded System Market Size and Growth Forecast Report 2020


Posted September 22, 2020 by mohammedimtiaz

The global Military Embedded System Market was worth USD 13.5 billion in 2020, and it is estimated that it will reach a valuation of USD 18.4 billion by 2025 at a CAGR of 6.4 % during the outlook period.
 
Increased call for unmanned applicationsdrives the Global Military Embedded Systems Market

Market overview:
The global Military Embedded System Market was worth USD 13.5 billion in 2020, and it is estimated that it will reach a valuation of USD 18.4 billion by 2025 at a CAGR of 6.4 % during the outlook period.

An embedded system is a combination of hardware and software in which software is bundled into a computer hardware system to perform a specific task. Military embedded systems focus on embedded electronics consisting of military hardware and software. Integrated systems are used primarily in intelligence, communications equipment, surveillance and reconnaissance, and other applications designed for real-time analysis. With the increasing demand for customization, some systems are designed for rugged military use. They are used in numerous electronic applications on air, land and naval platforms.

Recent developments:
In December 2019, Intel Corporation partnered with MediaTek to develop a 5G modem chip for personal computers and plans to sell baseband processors. Through this partnership, Intel will take advantage of the market demands of 5G network-based applications.
(https://in.mashable.com/tech/8840/intel-partners-with-mediatek-to-develop-5g-chip-for-pcs-will-feature-in-hp-dell-laptops-in-2021)

Market Drivers and Restrains:
The global market for military embedded systems is expected to expand at a significant growth rate during the forecast period due to the increasing demand for mobile command systems in the military and defense sectors. The risingneed for mobile command systems in the military and defense sectors is driving the market. Also, the growing demand for mobile command systems in the war zone is expected to expand the market for military embedded systems in the coming years. This was supported by a reduced chip size while providing optimal power and energy efficiency. In addition, the wide applicability of multi-core processors and wireless technology is expected to further enhance the market growth.

Several improvements in processor and integrated circuit technology have reduced the total cost of hardware associated with integrated systems. These factors have led to an increased demand for integrated military systems to replace traditional computer systems. Moreover, the beginning of the modern war system will provide favorable opportunities for the major players operating in the market for integrated military systems. On the other hand, the increase of complexity in the designing is expected to restrain the military embedded systems market. The market is also facing problems due to the high cost of these systems.

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Report is segmented as:
By product type, the Advanced Telecommunications Computing Architecture segment of the Military Integrated Systems Market is expected to grow at the highest CAGR during the outlook period. By application, the ISR segment is estimated to dominate the market. According to the platform, the military embedded systems market is expected to be led by the aviation sector from 2020 to 2025.

Geographical Segmentation:
North America will be a prominent region during the forecast period, with the United States and Canada as the main contributors. The region's market is growing as investments in defense and war equipment increase. Asia Pacific will be a promising market for the same period due to increased investment from emerging governments in the military sector. The improvement of the IT infrastructure is leading to the rapid development of integrated military systems, which in turn has a positive impact on the growth of the area.
Impact of COVID 19 on Military Embedded System Market

Military embedded systems are facing challenges due to the COVID-19 pandemic. Technological advancements with the increasing adoption of multi-core processor technology, increasing penetration of cloud computing, electronics, network convergence, network-centric warfare, and the advent of wireless technology are some of the expected factors for market growth after the pandemic.

Key market players:
Key players in this market are Curtiss-Wright Corporation, Intel Corporation, Kontron AG, Xilinx, Inc., SDK Embedded Systems Ltd., Microsemi Corporation, General Dynamics Corporation, Mercury Systems, Inc., United Electronic Industries, and ECRIN Systems.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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Last Updated September 22, 2020