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Military Embedded Systems Market Revenue Size 2021 Explosive Factors of Revenue By Product Portfolio, Industry Size, Business Demand, Key Segmentation and Competitive Strategy till 2027

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ASHWINI aHIRRAO
Military Embedded Systems Market Revenue Size 2021 Explosive Factors of Revenue By Product Portfolio, Industry Size, Business Demand, Key Segmentation and Competitive Strategy till 2027

Market Forecast



The global Military Embedded Systems Market is projected to be valued at USD 19,560 Million by 2026, registering a CAGR of 6.31% from 2020 to 2026. Increasing demand for new and advanced electronic combat systems has 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 to designing military embedded systems and security issues are expected to hamper the growth of the market.


Market USP


The growing use of electronic warfare systems for geospatial intelligence gathering and technological advancements in network convergence is expected to drive the demand for military embedded systems.

 

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 for multi-access edge computing/mobile edge computing and semantic edge computing for 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

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/military-embedded-systems-market-9627


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)

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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