Military Software Market Research Report - Global Forecast till 2028

Global Military Software Market Research Report: Information by Application (Air Force, Army and Navy), Software Type (COTS and Embedded) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2028

ID: MRFR/A&D/8141-HCR | February 2021 | Region: Global | 168 pages

Market Scenario


Global Military Software Market is projected to record a CAGR of 4.21% during the forecast period from 2020 to 2028. Military software refers to software used in the defense industry in order to optimally handle battlefield situations. Military software helps the people in command in managing resources and ensuring that they are utilized optimally. Developers are introducing sophisticated software for military use to provide improved features, such as increased reliability, real-time information, and enhanced communication and collaboration.


Market Synopsis


The global military software market is expected to register significant growth during the forecast period owing to factors such as increasing military expenditures and rising military modernization activities. Furthermore, the increasing use of IoT-based software and systems is also expected to drive the growth of the market. Additionally, increasing investments made by the governments of countries such as the UK in developing advanced military software is also expected to drive the market growth. For example, in October 2019, the UK government signed a contract with IBM Corporation to develop a prototype military software platform powered by artificial intelligence (AI).


However, challenges associated with data management and cybersecurity issues might hamper the growth of the market.


Market USP


The increasing use of the IoT and embedded systems in Battlefield Management Systems (BMS) is driving the growth of the market.


Market Drivers



  • Increasing Procurement of Military Communications Solutions: Increasing global terrorism and the need to modernize and replace aging communications equipment are driving the growth of the market.

  • Increasing Investments in Modern Warfare Technologies

  • Increasing Use of Electronic Warfare and the IoT


Market Restraints



  • Challenges Associated with Data Management

  • Cybersecurity Issues

  • Inadequate Funding


Segmentation


By Application



  • Air Force: The US Air Force introduced an advanced GPS signal, military-code, or M-Code, to improve anti-jamming and provide protection from spoofing, allowing secure access to military GPS signals, which will drive the segment significantly.



  • Army: The army segment is expected to grow at the highest CAGR during the forecast period. The modern battlefield is a volatile environment where secured communication is needed. Armies mostly use ground-based communication systems to transfer essential information, which helps forces stay updated about the situation on the battlefield and to execute routine operations. For example, the US Army planned to buy backpack-sized radios that can operate on the Navy’s Mobile User Objective System (MUOS) waveform to provide secure voice and data services.



  • Navy: The navy segment is expected to show significant growth during the forecast period due to increasing investments in advanced military equipment by the navies of countries such as the US and the UK. For example, in January 2017, Lockheed Martin Corporation and the US Navy signed a contract to provide MH-60 helicopters featuring electronic warfare surveillance and countermeasure capabilities.


By Software Type



  • COTS: COTS software is generally an analytics software used for the analysis of data collected during ISR operations. The segment dominated the market in 2019. COTS software offers benefits such as low ownership cost, diversity, security, and ease of use.



  • Embedded: Embedded software is used to control a vast array of technologies such as weapons and unmanned systems, among others. The segment is expected to register the higher CAGR during the forecast period owing to the increased focus on cloud computing and wireless technology and the growing adoption of electronic warfare systems for geospatial intelligence gathering.


By Region



  • North America: North America dominated the global military software market in 2019 due to the presence of leading technology companies such as Honeywell International, Inc., and IBM Corporation.



  • Europe: The presence of leading military software providers such as BAE Systems is expected to drive the market growth in the region.



  • Asia-Pacific: The market in this region is expected to register the highest CAGR during the forecast period. The growing military expenditures of countries such as China and India are driving the market growth in the region.



  • The Middle East & Africa: Increasing investment in military software by some key countries such as the UAE, Israel, and South Africa is expected to drive the market growth in the region.



  • Latin America: The increasing procurement of advanced military equipment by the Brazilian Army for enhanced border surveillance is expected to drive the market growth in the region.


Key Players



  • Honeywell International, Inc. (US)

  • BAE Systems (UK)

  • IBM Corporation (US)

  • Elbit Systems Ltd. (Israel)

  • General Dynamics Corporation (US)

  • Raytheon Technologies Corporation (US)

  • AT&T, Inc. (US)

  • Rolta India (India)

  • Rohde & Schwarz (Germany)

  • FLIR Systems, Inc. (US)

  • Accenture (Ireland)


Other Prominent Players



  • Forescout Technologies, Inc. (US)

  • Northrop Grumman Corporation (US)

  • FreeWave Technologies, Inc. (US)

  • Thales Group (France)

  • SAP SE (Germany)

  • Lockheed Martin Corporation (US)

  • Aselsan AS (Turkey)

  • L3Harris Technologies (US)

  • Kratos Defense & Security Solutions (US)

  • Cobham plc (UK)

  • Kongsberg Maritime (Norway)

  • Saab AB (Sweden)

  • Systematic (Denmark)

  • Viasat, Inc. (US)



Report Scope:
Report Attribute/Metric Details
  Market Size   2028: Significant Value
  CAGR   4.21% (2020-2028)
  Base Year   2019
  Forecast Period   2028
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and TrendsRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, Software Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Honeywell International, Inc. (US), BAE Systems (UK), IBM Corporation (US), Elbit Systems Ltd. (Israel), General Dynamics Corporation (US), Raytheon Technologies Corporation (US), AT&T, Inc. (US), Rolta India (India), Rohde & Schwarz (Germany), FLIR Systems, Inc. (US), Accenture (Ireland)
  Key Market Opportunities   The increasing use of the IoT and embedded systems
  Key Market Drivers

  • Increasing Procurement of Military Communications Solutions.
  • Increasing Investments in Modern Warfare Technologies.
  • Increasing Use of Electronic Warfare and the IoT


  • Frequently Asked Questions (FAQ) :


    Global military software market is estimated to grow at a CAGR of 4.21% by 2028.

    Global military software market is estimated to hold a substantial market value by the end of 2028.

    The issues such as cybersecurity, insufficient funding, and the challenges associated with data management are likely to restrain the global military software market.

    Increasing investment in modern warfare technologies, increasing usage of electronic warfare, and the IoT are some of the important drivers of the global military software market.

    Honeywell International, Inc. (US), Raytheon Technologies Corporation (US), Rolta India (India), Elbit Systems Ltd. (Israel) are some of the eminent players of the global military software market.