Why Are Military Embedded Systems Important for Every Country?
Governments of various countries have subsequently increased their expenditure in the military sector in order to streamline its operations to maximize the potential of the military and defense systems with the help of military embedded systems. Technological advancements like the use of multi core processors, wireless technologies, and cloud computing is going to disrupt the military embedded systems market in the coming years.
Governments all round the globe are exceedingly concerned about their military potential and hence the experts of these nations are incessantly working on the technological advancements of the military and defense system. Thus, an increased expenditure on the military embedded systems is witnessed which further leads to their growth. Some of the foremost aspects necessary for a seamless experience in military embedded system is its reliability, security, efficiency and size. Furthermore, with an increase in use of wireless technologies, cloud computing, adoption of artificial intelligence, and machine learning further drives the demand for military embedded systems in the market. According to a study conducted by Research Dive, the global military embedded systems market is estimated to generate revenue of about $21,925.5 million in the 2020-2028 timeframe, growing at a CAGR of about 6.5%.
What are Military Embedded Systems?
An embedded system is a combination of computer hardware and software. An embedded system can either efficiently operate independently or as a part of any other larger system. An embedded system is a microcontroller-based system which delivers real-time analysis along with various other functions. When an embedded system is used in military and defense applications, they are called military embedded system. Embedded systems have their applications in other areas as well like command-and-control systems, data storage devices, electronic warfare, AI, communication equipment and so on.
What are the Reasons for the Importance of Military Embedded System?
Traditional computational systems are lacking in efficiency, reliability and security. Therefore, it became imperative for different nations to adopt a system which is much more reliable, efficient and secure, leading to the adoption and growth of military embedded system. Technological advancements in wireless technologies and the arrival of modern warfare systems further led to the large-scale use of military embedded systems. Moreover, there has also been a gradual increase in the number of hackers and global terrorism around the world which made it crucial for the government to increase their expenditure on maximizing their military potential. Therefore, technological advancements in electronic combat system are further accelerating the demand for military embedded systems.
Impact of COVID-19 on Military Embedded System
Ever since the WHO declared COVID-19 a pandemic, many industries experienced a chaotic crisis in their business operations; military embedded system market was one of them. Nationwide lockdowns led to the closure of industries which disrupted the entire flow of production, distribution and supply chain operations. Therefore, there has been a considerable downfall in the demand for commercial aerospace which further resulted in the debasement of military embedded system. Pandemic had hampered the technological advancements of the system for quite some time. Furthermore, due to the financial crisis and increasing rate of unemployment, many countries have witnessed a substantial dip in the GDP, and hence some of the underdeveloped countries might not afford the expensive cost and maintenance of the military embedded systems. Therefore, owing to the current scenario of the pandemic, the future trends and advancements of the military embedded systems are unpredictable and ambivalent.
Key Players in the Market
More and more companies have gone through a series of technological enhancements, strategic partnerships, and increasing investment on Research and Development in order to establish its presence in the market against the competitors. Some of the major players of the market are Intel Corporation, Mercury Systems Inc., Abaco Systems, Aitech Defense Systems, Astronics Corporation, Curtiss-Wright Corporation, SDK Embedded Systems Ltd., United Electronic Industries and so on. Some of the important strategies that most companies incorporate are technological enhancements and strategic partnerships with other companies. Companies like General Dynamics Corporation, Kontron and Xilinx Inc. are also rapidly investing in R&D operations in order to create new products with better technologies.
UAV Drones: The Future of Emergency Healthcare ServicesAugust 10, 2022
A Guide on Travel Retail: Definition, Growth Factors, and Future ProspectsAugust 10, 2022
What is Blood Stream Infection Testing and What Does it Comprise of?August 04, 2022
4 Distinct Advantages of Connected Drug Delivery DevicesAugust 04, 2022