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Military Embedded Systems Market Report

RA08415

Military Embedded Systems Market by Product Type (Motherboard & Computer-On-Module (COM), OPEN VPX, VME Bus, Compact-PCI (Board & Serial), and Others), Component Type (Hardware and Software), Platform Type (Airborne, Land, Naval, and Space), Application (Radar, Command & Control, Avionics, Electronic Warfare, Communication & Navigation, Weapon Fire Control System, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

RA08415

Pages: 176

Aug 2021

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Military Embedded Systems Market

Global Military Embedded Systems Market Analysis

According to the global military embedded systems market forecast, the market is predicted to garner $21,921.5 million in the 2021–2028 timeframe, growing from $13,397.3 million in 2020 at a healthy CAGR of 6.5%.

Market Synopsis

Governments and corporations are emphasizing on the advancement of their defense systems. Increased government capital expenditure in the military sector is expected to drive market growth. 

However, high cost of military embedded systems and legal concerns might restrain the market growth during the forecast period.

According to the regional analysis of the market, the Asia-Pacific military embedded systems market share is anticipated to grow at a CAGR of 7.5% by generating a revenue of $5,070.9 million during the review period.

Military Embedded Systems Overview

Military embedded systems are made up of a combination of computer hardware and software. Embedded systems are computer systems made up of elements such as processors, memory chips, graphics processing unit and input-output peripherals that can operate independently or as part of a larger system. Furthermore, military-embedded systems are open architecture hardware used in military electronic applications. Embedded systems, as opposed to general-purpose computers, are microcontroller-based systems designed to perform a specific task. Military embedded systems are used in a variety of applications, including command & control systems, communication equipment, data storage devices like hard drives, and military computers. 

COVID-19 Impact on Military Embedded Systems Market

In March 2020, the World Health Organization characterized COVID-19 as a pandemic, which resulted in significant travel restrictions and disruption of the financial markets, as well as negatively impacted supply chains and production levels. The pandemic has caused demand in the commercial aerospace and general industrial end markets to be negatively impacted for the foreseeable future, the extent of which is contingent upon future developments. The COVID-19 pandemic has had a significant influence on economies around the world, as well as military embedded systems market trends, subsystems, and components manufacture. Despite the fact that the manufacturing of these systems for military purposes is critical, supply chain interruptions have temporarily halted production. The level of COVID-19 exposure a country faces, the level at which manufacturing processes are running, and import-export rules, among other things, all play a role in resuming manufacturing and demand. Although businesses may continue to accept orders, delivery timetables may not be set in stone.

Increasing Government Expenditure in the Military Sector is Anticipated to Drive the Market Growth

Increased government capital expenditure in the military sector is expected to drive market growth. Governments all over the world are putting more emphasis on modernizing their military and defense systems. As a result of this situation, there has been a significant increase in global supply for unmanned applications and of military embedded systems market. This aspect benefits the global military embedded system market. Apart from that, the widespread use of wireless technologies and multi-core processors, as well as the introduction of novel warfare systems, are expected to aid in the development of the military embedded systems market in the coming decades.

To know more about global military embedded systems market insights, get in touch with our analysts here.

Legal Concerns and Security Issues Might Restrict the Military Embedded Systems Market Growth

Embedded systems, rack mount servers, blade servers and embedded software, unlike ordinary PCs, are designed to accomplish a specific set of tasks. Due to the lack of additional processing capabilities in embedded systems, these devices are often designed to minimize processor cycles and program memory utilization. As a result, security solutions designed for PCs will not tackle the problems faced by embedded devices. In fact, most embedded devices will not be able to use the PC's security features. This raises a number of security challenges for embedded systems. For example, because embedded devices are mass produced, the same version of the device has the same design and construction as the rest of the lot. As a result, millions of identical embedded devices will be produced. If one of the devices in the lot is successfully hacked, the attack can be readily repeated across the rest of the devices. These security concerns could stifle the market's expansion.

Development of Electronic Warfare Systems with Increased Capabilities is Expected to Increase the Opportunities

Military electronics have advanced dramatically in recent years. Some of the most important requirements in electronic devices and systems used for military applications are high reliability, efficiency, and compact size. Because most conventional radar systems use fixed waveforms, they are easy to identify, understand about, and develop counter strategies. New digitally programmable radars, on the other hand, can start generating previously unseen waveforms, creating them more challenging to defeat. As a result, market participants can create agile and adaptive electronic warfare systems capable of detecting and countering advanced sensors. These advancements are expected to create enormous opportunities.

To know more about global military embedded systems market drivers and opportunities, get in touch with our analysts here.

Military Embedded Systems Market
By Product

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Based on product type, the military embedded systems market has been segmented into Motherboard & Computer-On-Module (COM), OPEN VPX, VME BUS, compact-PCI (board & serial), and others of which the Motherboard & Computer-On-Module (COM) sub-segment is projected to generate the maximum revenue.


Source: Research Dive Analysis

The motherboard & computer-on-module sub-segment is predicted to have a dominating market share in the global market and register a revenue of $4,965.6 million during the forecast period. The aerospace and military industry, as well as rugged embedded computers, have a strong need for computer on modules because to their reliable quality, platform scalability, superior performance, and ease of use. Furthermore, as the consumer electronics and industrial automation industries increase, the application of computer on module in smartphones and robotics is increasing. As a result, the adoption of computers and smart technologies in electronic products has increased the global computer on module segment's growth potential.

Military Embedded Systems Market
By Component

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On the basis of component type, the market has been bifurcated into Software and hardware type components. Among the mentioned sub-segments, the Software sub-segment is predicted to show the fastest growth and garner a dominant market share.

Source: Research Dive Analysis

The software sub-segment of the global location analytics market is projected to have the fastest growth and it is projected to surpass $11,408.2 million by 2028, with an increase from $6,168.9 million in 2020. When compared to traditional computers, software embedded systems are substantially smaller, making them more portable and suitable for mass production. Adoption of synthetic instruments (SI) whenever possible is an important trend in electronic testing for military systems. Furthermore, these software integrated solutions enhance gadget operation while also ensuring safety and comfort. The expansion of the sub-segments is claimed to be fueled by several factors.

Military Embedded Systems Market
By Platform

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Based on platform type, the market has been divided into airborne, Land, naval, and space sub-segments of which the Land sub-segment is projected to generate the maximum revenue during the forecast period.

Source: Research Dive Analysis

The land sub-segment is predicted to have a dominating market share in the global market and is expected to register a revenue of $6,822.7 million during the forecast period. Warfighting has already been impacted by autonomous fighting platforms, unmanned aerial vehicles, and cyber warfare. Directed energy weapons, the internet of things, big data analytics, and artificial intelligence are all on the verge of being operational and will have a significant impact on ground warfare in the future. The use of embedded systems in this sub-segment is predicted to be driven by these factors.

Military Embedded Systems Market
By Application Type

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On the basis of application type, the market has been sub-segmented into radar, command & control, avionics, electronic warfare, communication & navigation, Weapon Fire Control System, and others. Among the mentioned sub-segments, the Weapon Fire Control System sub-segment is projected to garner a dominant market share.

Source: Research Dive Analysis

The weapon fire control system sub-segment is anticipated to have a dominating market share in the global market and register a revenue of $4,317.7 million during the analysis timeframe. Demand for automatic fire systems is on the rise. One of the primary trends that will gain traction in the military fire control systems market in the next years is the development of consolidated fire control systems. Furthermore, large corporations are increasingly concentrating their efforts on producing weapons that are linked to fire control systems.

Military Embedded Systems Market
By Region

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The military embedded systems market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Source: Research Dive Analysis

The Market for Military Embedded Systems in North America to be the Most Dominant

The North America military embedded systems market accounted $4,538.1 million in 2020 and is projected to register a revenue of $6,877.4 million by 2028. The spread in North America is being aided by advances in technology, higher industrial standards for electronic warfare, and more government assistance. In terms of adoption, North America plays a big role in the market and is expected to continue to develop. Due to rising investments in defense equipment and fighting capabilities, this region is likely to lead the market.

Competitive Scenario in the Global Military Embedded Systems Market

Product launches and mergers & acquisitions are common strategies followed by major market players.

Competitive Scenario in the Global Military Embedded Systems Market

Source: Research Dive Analysis

Some of the leading military embedded systems market players are Intel Corporation, Mercury Systems, Inc. Curtiss-Wright Corporation, Advantech Co., Ltd., BAE Systems, SMART Embedded Computing, SDK Embedded Systems Ltd., General Dynamics Corporation, Kontron (S&T) and Xilinx Inc.

Porter’s Five Forces Analysis for the Global Military Embedded Systems Market:

  • Bargaining Power of Suppliers: The suppliers in the military embedded systems market are moderate in number as compared to the buyers. Several companies are working on product designs that use different materials to avoid changing the supplier if there is a hike in the price of a particular material. Thus, there is less threat from the suppliers. 
    Thus, the bargaining power of the suppliers is moderate.
  • Bargaining Power of Buyers: Buyers have moderate bargaining power because of the moderate number of market players compared to buyers. 
    Thus, the bargaining power of the buyers is moderate.
  • Threat of New Entrants: Companies entering the military embedded systems market may face legal concerns and government barriers.
    Thus, the threat of the new entrants is low.
  • Threat of Substitutes: There are no alternative products for military embedded systems. 
    Thus, the threat of substitutes is low.
  • Competitive Rivalry in the Market: The competitive rivalry among industry leaders is rather intense, especially between the global players General Dynamics Corporation, Kontron (S&T) and Xilinx Inc. 
    Therefore, competitive rivalry in the market is moderate.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2020

  Forecast Timeline for Market Projection

  2021-2028

  Geographical Scope

 North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product Type

  • Motherboard & Computer-On-Module (COM)
  • OPEN VPX
  • VME BUS
  • Compact-PCI (Board & Serial)
  • Others

  Segmentation by Component Type

  • Hardware
  • Software

  Segmentation by Platform Type

  • Airborne
  • Land
  • Naval
  • Space

  Segmentation by Application type

  • Radar
  • Command & Control
  • Avionics
  • Electronic Warfare
  • Communication & Navigation
  • Weapon Fire Control System
  • Others

  Key Companies Profiled

  • Intel Corporation
  • Mercury Systems, Inc.
  • Curtiss-Wright Corporation
  • Advantech Co., Ltd.
  • BAE Systems
  • SMART Embedded Computing
  • SDK Embedded Systems Ltd.
  • General Dynamics Corporation
  • Kontron (S&T)
  • Xilinx Inc.

Frequently Asked Questions
 

A. The size of the global military embedded systems market was over $13,398.5 million in 2020 and is projected to reach $21.923.4 million by 2028.

A. Mercury Systems, Inc. Curtiss-Wright Corporation, and Advantech Co., Ltd. are some of the key players in the global military embedded systems market.

A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Asia Pacific location analytics market is anticipated to grow at 7.5% CAGR during the forecast period.

A. Technological development and strategic partnerships are the key strategies opted by the operating companies in this market.

A. General Dynamics Corporation, Kontron (S&T) and Xilinx Inc are investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.By application type trends
2.3.By component type trends
2.4.By location type trends 
2.5.By deployment type trends
2.6.By vertical type trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview

3.8.1.by product type
3.8.2.by component type
3.8.3.By platform type
3.8.4.By application type

3.9.Market value chain analysis

3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.3.Manufacturing process
3.9.4.Distribution channel analysis
3.9.5.Operating vendors

3.9.5.1.Raw material suppliers
3.9.5.2.Product manufacturers
3.9.5.3.Product distributors
3.10.Strategic overview

4.Military Embedded Systems Market, by Product type

4.1.Motherboard & Computer-On-Module (COM)

4.1.1.Market size and forecast, by region, 2020-2028
4.1.2.Comparative market share analysis, 2020 & 2028

4.2.OPEN VPX

4.2.1.Market size and forecast, by region, 2020-2028
4.2.2.Comparative market share analysis, 2020 & 2028

4.3.VME BUS

4.3.1.Market size and forecast, by region, 2020-2028
4.3.2.Comparative market share analysis, 2020 & 2028

4.4.Compact-PCI (Board & Serial)

4.4.1.Market size and forecast, by region, 2020-2028
4.4.2.Comparative market share analysis, 2020 & 2028

4.5.Others

4.5.1.Market size and forecast, by region, 2020-2028
4.5.2.Comparative market share analysis, 2020 & 2028

5.Military Embedded Systems Market, by component type

5.1.Software

5.1.1.Market size and forecast, by region, 2020-2028
5.1.2.Comparative market share analysis, 2020 & 2028

5.2.Hardware

5.2.1.Market size and forecast, by region, 2020-2028
5.2.2.Comparative market share analysis, 2020 & 2028

6.Military Embedded Systems Market, by platform type

6.1.Airborne

6.1.1.Market size and forecast, by region, 2020-2028
6.1.2.Comparative market share analysis, 2020 & 2028

6.2.Naval

6.2.1.Market size and forecast, by region, 2020-2028
6.2.2.Comparative market share analysis, 2020 & 2028

6.3.Land

6.3.1.Market size and forecast, by region, 2020-2028
6.3.2.Comparative market share analysis, 2020 & 2028

6.4.Space

6.4.1.Market size and forecast, by region, 2020-2028
6.4.2.Comparative market share analysis, 2020 & 2028

7.Military Embedded Systems Market, by application type

7.1.Radar

7.1.1.Market size and forecast, by region, 2020-2028
7.1.2.Comparative market share analysis, 2020 & 2028

7.2.Command & Control

7.2.1.Market size and forecast, by region, 2020-2028
7.2.2.Comparative market share analysis, 2020 & 2028

7.3.Avionics

7.3.1.Market size and forecast, by region, 2020-2028
7.3.2.Comparative market share analysis, 2020 & 2028

7.4.Electronic warfare

7.4.1.Market size and forecast, by region, 2020-2028
7.4.2.Comparative market share analysis, 2020 & 2028

7.5.Communication & Navigation

7.5.1.Market size and forecast, by region, 2020-2028
7.5.2.Comparative market share analysis, 2020 & 2028

7.6.Weapon fire control system

7.6.1.Market size and forecast, by region, 2020-2028
7.6.2.Comparative market share analysis, 2020 & 2028

7.7.Others

7.7.1.Market size and forecast, by region, 2020-2028
7.7.2.Comparative market share analysis, 2020 & 2028

8.Military Embedded Systems Market, by Region

8.1.North America

8.1.1.Market size and forecast, by product type, 2020-2028
8.1.2.Market size and forecast, by component type, 2020-2028
8.1.3.Market size and forecast, by platform type, 2020-2028
8.1.4.Market size and forecast, by application type, 2020-2028
8.1.5.Market size and forecast, by country, 2020-2028
8.1.6.Comparative market share analysis, 2020 & 2028
8.1.7.U.S.

8.1.7.1.Market size and forecast, by product type, 2020-2028
8.1.7.2.Market size and forecast, by component type, 2020-2028
8.1.7.3.Market size and forecast, by platform type, 2020-2028
8.1.7.4.Market size and forecast, by application type, 2020-2028
8.1.7.5.Comparative market share analysis, 2020 & 2028

8.1.8.Canada

8.1.8.1.Market size and forecast, by product type, 2020-2028
8.1.8.2.Market size and forecast, by component type, 2020-2028
8.1.8.3.Market size and forecast, by platform type, 2020-2028
8.1.8.4.Market size and forecast, by application type, 2020-2028
8.1.8.5.Comparative market share analysis, 2020 & 2028

8.1.9.Mexico

8.1.9.1.Market size and forecast, by product type, 2020-2028
8.1.9.2.Market size and forecast, by component type, 2020-2028
8.1.9.3.Market size and forecast, by platform type, 2020-2028
8.1.9.4.Market size and forecast, by application type, 2020-2028
8.1.9.5.Comparative market share analysis, 2020 & 2028

8.2.Europe

8.2.1.Market size and forecast, by product type, 2020-2028
8.2.2.Market size and forecast, by component type, 2020-2028
8.2.3.Market size and forecast, by platform type, 2020-2028
8.2.4.Market size and forecast, by application type, 2020-2028
8.2.5.Market size and forecast, by country, 2020-2028
8.2.6.Comparative market share analysis, 2020 & 2028

8.2.7.Germany 

8.2.7.1.Market size and forecast, by product type, 2020-2028
8.2.7.2.Market size and forecast, by component type, 2020-2028
8.2.7.3.Market size and forecast, by platform type, 2020-2028
8.2.7.4.Market size and forecast, by application type, 2020-2028
8.2.7.5.Comparative market share analysis, 2020 & 2028

8.2.8.UK

8.2.8.1.Market size and forecast, by product type, 2020-2028
8.2.8.2.Market size and forecast, by component type, 2020-2028
8.2.8.3.Market size and forecast, by platform type, 2020-2028
8.2.8.4.Market size and forecast, by application type, 2020-2028
8.2.8.5.Comparative market share analysis, 2020 & 2028

8.2.9.France

8.2.9.1.Market size and forecast, by product type, 2020-2028
8.2.9.2.Market size and forecast, by component type, 2020-2028
8.2.9.3.Market size and forecast, by platform type, 2020-2028
8.2.9.4.Market size and forecast, by application type, 2020-2028
8.2.9.5.Comparative market share analysis, 2020 & 2028

8.2.10.Spain

8.2.10.1.Market size and forecast, by product type, 2020-2028
8.2.10.2.Market size and forecast, by component type, 2020-2028
8.2.10.3.Market size and forecast, by platform type, 2020-2028
8.2.10.4.Market size and forecast, by application type, 2020-2028
8.2.10.5.Comparative market share analysis, 2020 & 2028

8.2.11.Italy 

8.2.11.1.Market size and forecast, by product type, 2020-2028
8.2.11.2.Market size and forecast, by component type, 2020-2028
8.2.11.3.Market size and forecast, by platform type, 2020-2028
8.2.11.4.Market size and forecast, by application type, 2020-2028
8.2.11.5.Comparative market share analysis, 2020 & 2028

8.2.12.Rest of Europe

8.2.12.1.Market size and forecast, by product type, 2020-2028
8.2.12.2.Market size and forecast, by component type, 2020-2028
8.2.12.3.Market size and forecast, by platform type, 2020-2028
8.2.12.4.Market size and forecast, by application type, 2020-2028
8.2.12.5.Comparative market share analysis, 2020 & 2028

8.3.Asia-Pacific

8.3.1.Market size and forecast, by product type, 2020-2028
8.3.2.Market size and forecast, by component type, 2020-2028
8.3.3.Market size and forecast, by platform type, 2020-2028
8.3.4.Market size and forecast, by application type, 2020-2028
8.3.5.Market size and forecast, by country, 2020-2028
8.3.6.Comparative market share analysis, 2020 & 2028

8.3.7.China

8.3.7.1.Market size and forecast, by product type, 2020-2028
8.3.7.2.Market size and forecast, by component type, 2020-2028
8.3.7.3.Market size and forecast, by platform type, 2020-2028
8.3.7.4.Market size and forecast, by application type, 2020-2028
8.3.7.5.Comparative market share analysis, 2020 & 2028

8.3.8.Japan 

8.3.8.1.Market size and forecast, by product type, 2020-2028
8.3.8.2.Market size and forecast, by component type, 2020-2028
8.3.8.3.Market size and forecast, by platform type, 2020-2028
8.3.8.4.Market size and forecast, by application type, 2020-2028
8.3.8.5.Comparative market share analysis, 2020 & 2028

8.3.9.India 

8.3.9.1.Market size and forecast, by product type, 2020-2028
8.3.9.2.Market size and forecast, by component type, 2020-2028
8.3.9.3.Market size and forecast, by platform type, 2020-2028
8.3.9.4.Market size and forecast, by application type, 2020-2028
8.3.9.5.Comparative market share analysis, 2020 & 2028

8.3.10.Australia 

8.3.10.1.Market size and forecast, by product type, 2020-2028
8.3.10.2.Market size and forecast, by component type, 2020-2028
8.3.10.3.Market size and forecast, by platform type, 2020-2028
8.3.10.4.Market size and forecast, by application type, 2020-2028
8.3.10.5.Comparative market share analysis, 2020 & 2028

8.3.11.South Korea 

8.3.11.1.Market size and forecast, by product type, 2020-2028
8.3.11.2.Market size and forecast, by component type, 2020-2028
8.3.11.3.Market size and forecast, by platform type, 2020-2028
8.3.11.4.Market size and forecast, by application type, 2020-2028
8.3.11.5.Comparative market share analysis, 2020 & 2028

8.3.12.Rest of Asia Pacific

8.3.12.1.Market size and forecast, by product type, 2020-2028
8.3.12.2.Market size and forecast, by component type, 2020-2028
8.3.12.3.Market size and forecast, by platform type, 2020-2028
8.3.12.4.Market size and forecast, by application type, 2020-2028
8.3.12.5.Comparative market share analysis, 2020 & 2028

8.4.LAMEA

8.4.1.Market size and forecast, by product type, 2020-2028
8.4.2.Market size and forecast, by component type, 2020-2028
8.4.3.Market size and forecast, by platform type, 2020-2028
8.4.4.Market size and forecast, by application type, 2020-2028
8.4.5.Market size and forecast, by country, 2020-2028
8.4.6.Comparative market share analysis, 2020 & 2028

8.4.7.Latin America  

8.4.7.1.Market size and forecast, by product type, 2020-2028
8.4.7.2.Market size and forecast, by component type, 2020-2028
8.4.7.3.Market size and forecast, by platform type, 2020-2028
8.4.7.4.Market size and forecast, by application type, 2020-2028
8.4.7.5.Comparative market share analysis, 2020 & 2028

8.4.8.Middle East 

8.4.8.1.Market size and forecast, by product type, 2020-2028
8.4.8.2.Market size and forecast, by component type, 2020-2028
8.4.8.3.Market size and forecast, by platform type, 2020-2028
8.4.8.4.Market size and forecast, by application type, 2020-2028
8.4.8.5.Comparative market share analysis, 2020 & 2028

8.4.9.Africa

8.4.9.1.Market size and forecast, by product type, 2020-2028
8.4.9.2.Market size and forecast, by component type, 2020-2028
8.4.9.3.Market size and forecast, by platform type, 2020-2028
8.4.9.4.Market size and forecast, by application type, 2020-2028
8.4.9.5.Comparative market share analysis, 2020 & 2028

9.Company profiles

9.1.Intel Corporation

9.1.1.Business overview
9.1.2.Financial performance
9.1.3.Product portfolio
9.1.4.Recent strategic moves & developments
9.1.5.SWOT analysis

9.2.Mercury Systems, Inc.

9.2.1.Business overview
9.2.2.Financial performance
9.2.3.Product portfolio
9.2.4.Recent strategic moves & developments
9.2.5.SWOT analysis

9.3.Curtiss-Wright Corporation

9.3.1.Business overview
9.3.2.Financial performance
9.3.3.Product portfolio
9.3.4.Recent strategic moves & developments
9.3.5.SWOT analysis

9.4.Advantech Co., Ltd

9.4.1.Business overview
9.4.2.Financial performance
9.4.3.Product portfolio
9.4.4.Recent strategic moves & developments
9.4.5.SWOT analysis

9.5.BAE Systems

9.5.1.Business overview
9.5.2.Financial performance
9.5.3.Product portfolio
9.5.4.Recent strategic moves & developments
9.5.5.SWOT analysis

9.6.SMART Embedded Computing

9.6.1.Business overview
9.6.2.Financial performance
9.6.3.Product portfolio
9.6.4.Recent strategic moves & developments
9.6.5.SWOT analysis

9.7.SDK Embedded Systems Ltd

9.7.1.Business overview
9.7.2.Financial performance
9.7.3.Product portfolio
9.7.4.Recent strategic moves & developments
9.7.5.SWOT analysis

9.8.General Dynamics Corporation

9.8.1.Business overview
9.8.2.Financial performance
9.8.3.Product portfolio
9.8.4.Recent strategic moves & developments
9.8.5.SWOT analysis

9.9.Kontron (S&T) AG

9.9.1.Business overview
9.9.2.Financial performance
9.9.3.Product portfolio
9.9.4.Recent strategic moves & developments
9.9.5.SWOT analysis

9.10.Xilinx Inc.

9.10.1.Business overview
9.10.2.Financial performance
9.10.3.Product portfolio
9.10.4.Recent strategic moves & developments
9.10.5.SWOT analysis

A combination of computer software and hardware that contains the latest technology along with parts such as processors that have the ability to function independently or as an additional part of a larger device are known as military embedded systems. These are utilized for a variety of functions such as in data storage devices, communication devices, military systems and more.

COVID-19 Impact on the Global Military Embedded Systems Market

The sudden yet far-reaching effect of the COVID-19 virus caused several industries to shut down and collapse. This was a result of the stringent regulations and lockdowns laid down by governments all over the world to slow down the spread of the virus even further. The ban on travel as well as the interference in the supply chain as a result of it hampered the growth of the global military embedded systems market as well. The unpredictability of the improvement is situation for a prolonged period of time has further led to a drop in the growth rate of the market.

Key Development in the Industry

Several industries are working on building up their presence in the market while also involving in research which is a part of the efforts. The innovative methodologies by organizations of creating better products are also used, keeping in mind satisfaction of customers or companies in terms of quality.

For instance, In June 2021, Microchip Technology, a pioneer in the production of microcontrollers and integrated circuits, declared that their newly launched transistor known as the M6 MRH25N12U3 has been given the clearance for operations. The field-effect transistor is made using a metal-oxide-semiconductor that has been hardened using radiation. The equipment is suitable for use in the harsh conditions of space and is primarily fitted for power conversion circuits as well in motor drives and controls.

Forecast Analysis of the Global Military Embedded Systems Market

A recently published report by Research Dive states that the global military embedded systems market is estimated to gain significant revenue of $21,921.5 million by 2028, rising from $13,397.3 million in 2020 at a steady CAGR of 6.5%.

The defence sector is one of those sectors that need to constantly upgrade itself to avoid disruptions in the security of entire countries and continents. The governments have thus been ensuring that a large amount of investment is supplied to the military. Additionally, many armies and defence ministries around the world have been working on creating new form of technology to secure the nations. Several applications such as unmanned application along with multi-core processors have been developed to form a novel system of warfare. These steps of progress have been assisting in the steady growth of the market over the years.

On the other hand, the embedded systems could create issues due to their identical functioning methodology. Several of these systems if connected to together do not have the means to have secured access to data as each one of them have the exact same software built in. Due to this, if a hacker is able to get through one system, he is able to gain access into all the others. This lack of unique security applications is expected to be a hindrance to the growth of the market.

But to counter these attempts, there have been several tests taking place to create a defence application is highly advanced. Prior to these efforts, the signals sent out by the sector were easy to figure out and understand proving to be an obstacle. But, over the years, there have been newer waveforms that are always unique compared to the ones used before providing fewer chances of security breach in the defence sector. This is set to provide an opportunity of growth for the global military embedded systems market.

Furthermore, several key players such as, Intel Corporation, Curtiss-Wright Corporation, BAE Systems, SDK Embedded Systems Ltd, Kontron (S&t), Mercury Systems, Inc, Advantech Co, Ltd, SMART Embedded Computing, General Dynamics Corporation, and Xilinx Inc have been working on building up on several advancements and techniques to create new products, initiate mergers, and other methods to help in the growth of the market.

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