Mar 25, 2022   SOURCE: BusinessWire

Global Military Embedded Systems Market to 2026 - Soldier Modernization Initiatives Augur Well for Market Growth - ResearchAndMarkets.com

The "Military Embedded Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Military Embedded Systems estimated at US$100.5 Billion in the year 2020, is projected to reach a revised size of US$161.6 Billion by 2026, growing at a CAGR of 8.3% over the analysis period.

Hardware, one of the segments analyzed in the report, is projected to grow at a 7.8% CAGR to reach US$111.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 9.1% CAGR for the next 7-year period. This segment currently accounts for a 34.7% share of the global Military Embedded Systems market.

The U.S. Market is Estimated at $44.3 Billion in 2021, While China is Forecast to Reach $21.1 Million by 2026

The Military Embedded Systems market in the U.S. is estimated at US$44.3 Billion in the year 2021. The country currently accounts for a 41.65% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$21.1 Billion in the year 2026 trailing a CAGR of 10.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR while Rest of European market (as defined in the study) will reach US$23.4 Billion by the close of the analysis period.

Select Competitors (Total 47 Featured) -

  • Advanced Micro Peripherals Ltd.
  • Advantech Co., Ltd.
  • Crystal Group Inc.
  • Curtiss-Wright Corporation
  • Elma Electronic AG
  • Eurotech Group
  • General Micro Systems, Inc.
  • Intel Corporation
  • Kontron AG
  • Mercury Systems, Inc.
  • North Atlantic Industries, Inc.
  • NXP Semiconductors N.V.
  • SMART Embedded Computing
  • VadaTech Inc.
  • Xilinx, Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Military Embedded Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Disruptions in Military Training Inflicts Direct Blow on Military Embedded Systems Market
  • Infection Spread Disrupts Military Personnel Training & Troop Deployment: Cumulative Number of COVID-19 Cases Across the Defense Department in the U.S. in May, June, September & November 2020
  • An Introduction to Military Embedded Systems Market
  • Global Military Embedded Systems Market by Component (2021 & 2027): Percentage Breakdown of Revenues for Hardware, and Software

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Advent of AI and ML to Alter Dynamics in the Military Electronics Domain
  • Critical Importance of Security Hardening in Combating Threats Widens the Market Prospects
  • Embedded Systems Find Widespread Use in Military Systems
  • Evolving Role of Electronic Warfare to Trigger Broad-based Opportunities
  • Embedded Systems Augment Counter-Drone Technologies
  • Increasing Use of Military Drones Pushes Up the Need for Counter-Drone Systems: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
  • Escalating Global Arms Race Provides the Perfect Platform for Future Growth
  • Defense Spending Levels Influence Growth in Embedded Systems Market
  • Global Military Spending (in US$ Billion) for the Years 2015 through 2023F
  • Top Countries with Military Spending in USD Billion: 2019 and 2020
  • Geopolitical Conflicts & Quest for Military Supremacy Widen the Business Case
  • Military Expenditure as a % of GDP in Select Countries: 2020
  • Need to Upgrade Anti-Terrorism & Counter-Insurgency Departments to Drive Market Expansion
  • Number of Terrorist Attacks Worldwide for the Period 2011-2019
  • Continued Threat of Terrorism Drives the Focus on Surveillance as Counterterrorism Response: Global Number of Fatalities Due to Terrorist Attacks: 2012-2019
  • Soldier Modernization Initiatives Augur Well for the Market Growth
  • Global Soldier Modernization Market Size (in US$ Billion) for 2018, 2021, 2024 & 2027
  • Dynamics in the Defense Electronics Ecosystem Support Progressive Growth in the Market
  • Growing Use of Sensor-Based Systems in Military Applications Augurs Well
  • Rising Adoption of High Capability Unmanned Vehicles Favors Growth
  • Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
  • Increasing Proliferation of Military Aerostat Systems Extends Parallel Opportunities
  • Global Aerostat Systems Market Size ($ Billion) for the Years 2018, 2021 and 2024
  • Military Radar Technology Advancements Enthuse Embedded Systems Market
  • Rise of Smart Weapons to Rev Up Market Opportunities
  • Growing Emphasis on Directed Energy Weapons Augurs Well for Future Expansion
  • Trends in Electromagnetic, Particle Beam, Plasma, & Laser Weapon Systems Verticals Enhance Market Prospects

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/fkqxmo