ID: MRFR/A&D/8149-HCR | February 2021 | Region: Global | 168 pages
Technological advancement in network convergence is one of the major drivers of the military embedded systems market. Due to the rapid growth of technological advancement, it is possible to use a distinct network to carry the data from various systems with just one cable. Ethernet for the systems can carry a massive amount of data in the military and aerospace industries and with different data formats such as video, voice, and data from various applications and sensors. This is replacing the traditional multiple-purpose cables. It also eliminates the size, power, and weight and increases flexibility.
Additionally, the rise in the adoption of electronic warfare systems is another driver of the growth of military embedded systems. Electronic warfare uses radio, radar to attack the enemy. In 2019, the US Naval Research Laboratory gave a contract of $24 million to Abaco systems to develop high-quality embedded systems for electronic warfare. The warfare embedded systems will offer electronic jamming capabilities, and it will drive the military embedded systems market growth.
The embedded systems are specially designed for the electronic warfare system, requiring high signal processing capacity. That is why defense system integrators use embedded systems technologies. Most of the radar systems used fixed waveforms that make it easier to spot and learn. But these days, advanced radars can generate hard-to-read waveforms, and it makes them harder to defeat. That is why the key players can have the opportunity to develop adaptive electronic warfare systems that are easier to detect.
The increasing cost of military embedded systems due to technical expertise and advanced technologies is likely to restrain the military embedded systems market growth. With technological advancement, the size of the embedded systems has also reduced, and now they can fit into various portable platforms. But the development of this kind of technology requires highly skilled developers. And the code quality is also crucial to ensure its safety, and it is hampering the military embedded systems global market.
The complexity in the electronic systems design has increased, and it has increased the complications of the embedded systems. With the need for embedded systems, the complexity of its designs has also increased. Also, there is always a continuous upgrade required to match the design requirements. And it has become a major challenge for the vendors to keep pace with changing demand and technological developments. And failure to do so can lead to the cancellation of agreements and licenses. The key players are trying their best to keep up with the demand.
Cumulative growth analysis
The military embedded systems global market is expected to grow at a healthy CAGR rate of 6.32%. Many factors support the growth of the military embedded systems industry. These factors are likely to boost the military embedded systems market revenue in the coming years as well.
The major segments in the military embedded systems global market are based on components, application, platform, technology, and services.
Based on components, the military embedded systems global market is segmented into hardware and software. The hardware segment was accounted for the largest military embedded systems gmarket share in 2019 due to the increasing demand for portable wearables.
Based on application, the military embedded systems market is segmented into Intelligence, Surveillance & Reconnaissance (ISR), command & control, communication & navigation, electronic warfare, wearable, weapon & fire control, and others. The command & control segment was responsible for the highest military embedded systems market share in 2019. The Intelligence, Surveillance & Reconnaissance (ISR) is expected to be the fastest-growing segment in the military embedded systems global market forecast period owing to the rising demand for military technology with ISR capabilities.
The military embedded systems market is segmented into land, marine, space, and airborne based on the platform. The land segment held the highest share of the military embedded systems global market in 2019, owing to the rising demand for advanced infantry vehicles. The airborne segment is expected to be the fastest-growing segment in the forecast period.
The military embedded systems market is divided into edge computing, mist computing, and fog computing based on technology. The edge computing segment is expected to grow at the highest CAGR rate during the forecast period due to the increasing adoption of technologies that process bulk data faster.
The military embedded systems market is segmented into design, test & certification, deployment, renewal, and seamless life cycle support based on services. The design segment is predicted to grow at the highest CAGR rate.
The major regions in the military embedded systems market are North America, Asia-Pacific, Europe, the Middle East, and the rest of the world. North America accounted for the highest share in the military embedded systems market and dominated the market in2019 due to the presence of major key players in this region. The Asia Pacific region is expected to grow faster and register the highest CAGR due to increasing military expenditure in this region.
The major key players in the military embedded systems market are
Among these, Mercury Systems, Inc. (US) contributes highly to the military embedded systems market.
This military embedded systems market report includes the military embedded systems market outlook of the qualitative and quantitative analysis of the market. It also describes the covid-19 impact on the military embedded systems global market. Additionally, this report highlights the drivers, restraints, challenges, and opportunities of the market. Furthermore, it gives detailed information on market segmentation, regional analysis, competitive landscape, and recent developments.
|Market Size||USD 19,560 Million (2026)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Product Type, Application, Platform, Technology|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Curtiss-Wright Corporation (US), KONTRON AG (Germany), Mercury Systems, Inc. (US), Xilinx, INC. (US), EUROTECH (Italy), General Dynamics Corporation (US), General Micro Systems, Inc. (US), Advantech Co., Ltd. (Taiwan), Thales Group (France), SMART Embedded Computing (US)|
|Key Market Opportunities||The growing use of electronic warfare systems for geospatial intelligence gathering|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global Military Embedded Systems Market’s CAGR is 6.31%.
The revenue of the Global Military Embedded Systems Market will be USD 19,560 Million by 2026.
The market USP of the Global Military Embedded Systems Market is the rising use of electronic warfare systems for geospatial intelligence gathering and technological advancements in network convergence.
The market restraints of the Global Military Embedded Systems Market are issues related to designing military embedded systems and critical security procedures in embedded devices.
The top players of Global Military Embedded Systems Market are Curtiss-Wright Corporation, KONTRON AG, Mercury Systems, Inc.