Military Embedded Systems Market Research Report: Information by Component (Hardware and Software), Product Type (Advanced Telecom Computing Architecture (TCA), Compact-PCI (CPCI) Boards, Compact-PCI (CPCI) Serial, VME BUS, OPEN VPX, Motherboard and Others), Application (Intelligence, Surveillance and Reconnaissance (ISR), Command amp; Control, Communication amp; Navigation, Radar, Avionics, Vetronics, Cyber amp; Networking and others), Platform (Land, Airborne, Marine and Space), Technology (Edge Computing, Fog Computing by MRFR
Market Forecast
Military embedded systems market is projected to be valued atUSD 19,560 Millionby 2026, registering a CAGR of6.31%from 2020 to 2026. Increasingdemand for new and advanced electronic combat systemshas significantly contributed to the expansion of the military embedded systems market. Furthermore, increasing military expenditure, rising military modernization programs, and growing demand for fast and secured communication among the armed forces are also expected to drive the growth of the segment.
However, issues related todesigning military embedded systems and security issuesare expected to hamper the growth of the market.
Market USP
The growinguse of electronic warfare systems for geospatial intelligence gatheringand technological advancements in network convergenceis expected to drive the demand for military embedded systems.
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Growth Opportunities in the Market
The hardware segment dominated the market in 2019: The hardware segment dominated the market in 2019. Demand for electronic hardware can be directly linked to the rise in demand for driver-assistance systems and electromobility solutions for electric and hybrid combat vehicles. Thus, driving the growth of the segment.
Intelligence, surveillance reconnaissance (ISR) segment expected to register the highest CAGR: The segment is expected to grow at the highest CAGR during the forecast period from 2020 to 2026. The growth of this segment can be attributed to the increasing procurement of advanced and high-tech surveillance monitoring systems.
The airborne segment dominated the market in 2019: The airborne segment is expected to grow at the highest CAGR during the forecast period. This increasing demand for open system avionics in special mission aircraft and increasing surveillance operations due to geographical instability are expected to drive the growth of the segment.
Edge computing segment to register the highest growth rate: The edge computing segment is projected to grow at the highest CAGR during the forecast period. The increasing demand for processing of the bulk data at a faster rate can be directly linked to the rise in demand formulti-access edge computing/mobile edge computingandsemantic edge computingfor various applications.
Design segment to register the highest growth rate: The design segment is projected to grow at the highest CAGR during the forecast period. The increasing demand for advanced military equipment with enhanced ISR and targeting capabilities is expected to drive the growth of the segment.
Key Players
- 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)
Other Prominent Players
- NXP Semiconductors (Netherlands)
- Renesas Electronics Corporation (Japan)
- Microsemi Corporation (US)
- Advanced Micro Peripherals (UK)
- Elma Electronic Inc. (Switzerland)
- Texas Instruments Incorporated (US)
- Teledyne Technologies Incorporated (UK
- Intel Corporation (US)
- Radisys Corporation (US)
- Aitech Defense System (US)
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