According to the global military embedded systems market forecast, the military embedded systems market share is estimated to be valued at $21,921.5 million by 2028, surging from $13,397.3 million in 2020 at a noteworthy CAGR of 6.5%.
Analysis of COVID-19 Impact on Military Embedded Systems Market
The coronavirus outbreak in 2020 had a huge impact on companies all across the world. Artificial intelligence and other technologies have proven to be effective in controlling COVID-19's proliferation. The military embedded systems market trends has risen rapidly in recent years; however, the market is likely to see a modest dip in 2020 as a result of the COVID-19 pandemic. This is due to the implementation of curfews by most governments, as well as the closing of enterprises and private and public companies around the world, in order to prevent the virus from spreading. As a result of which, there was a gradual decline in the production and the number of orders received for military embedded systems.
Global Military Embedded Systems Market Analysis
Internet of things, cloud computing, artificial intelligence, and other similar technologies are all helping to grow the market. Higher investments in electronic warfare and increased government capital expenditure in the military sector are also expected to boost the industry. Furthermore, the widespread usage of wireless technologies and multi-core processors, as well as the development of novel combat systems, are expected to aid the military embedded systems market's growth in the coming years. Military electronics have evolved tremendously in recent years. Some of the most significant requirements of electronic devices and systems used for military applications are high dependability, efficiency, and compact size. Traditional radar systems are easy to recognize, interpret, and create counter-strategies for since they use set waveforms. New digitally programmable radars, on the other hand, can generate waveforms that have never been seen before, making them more difficult to defeat.
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Embedded systems, rack mount servers, blade servers, and embedded software, unlike ordinary PCs, are designed to accomplish a specific set of tasks. These devices are often intended to decrease processor cycles and memory utilization due to the lack of additional processing resources. As a result, security solutions built for PCs will not be able to handle the issues faced by embedded devices and defense software. The bulk of embedded devices which includes processors, memory chips, graphics processing unit,s and input-output peripherals will not be able to use the PC's security features. Embedded systems are faced with a number of security issues as a result of this. Because embedded devices are mass-produced, for example, a certain edition of the gadget has the same design and structure as the rest of the lot. Taking this into consideration, many similar embedded devices will be produced. If one of the devices is successfully hacked, the assault may easily be duplicated on the others. These security concerns may stifle market expansion.
Global Military Embedded Systems Market, Segmentation
The global military embedded systems market insight based on segmentation of product type, component type, platform type, application type, and region.
Product Type:
The product type sub-segment is further classified into Motherboard & Computer-On-Module (COM), OPEN VPX, VME BUS, Compact-PCI (Board & Serial), and Others. Among these, the motherboard & computer-on-module sub-segment is anticipated to have the maximum revenue and surpass $4,965.6 million by 2028, with an increase from $2,914.6 million in 2020.
Because of its sturdy quality, platform scalability, superior performance, and ease of use, the computer on the module is in high demand in the aerospace and military industries, as well as rugged embedded computers. In addition, as the consumer electronics and industrial automation industries increase, so does the use of computers on modules in smartphones and robotics.
Component Type:
The component segment is further divided into software and hardware. The software sub-segment is anticipated to have a dominating market share in the global market and register a revenue of $11,408.2 million during the analysis timeframe.
Software embedded systems are substantially smaller than traditional computers, making them compact, portable, and suitable for mass production. Synthetic instruments (SI) are increasingly being used in electronic testing for military systems. Furthermore, these software embedded systems improve the operation of the device while also ensuring its safety and comfort. These characteristics are said to be fueling the sub-segment.
Platform Type:
The deployment segment is further divided into airborne, land, naval, and space. The land sub-segment is anticipated to have a dominating market share in the global market and register a revenue of $6,822.7 million during the analysis timeframe.
Unmanned aerial vehicles (UAVs), autonomous fighting systems, and cyber warfare have already begun to have an impact on warfighting. Directed energy weapons, the internet of things, big data analytics, and artificial intelligence, all of which are on the verge of being operational, will have a huge impact on ground combat in the future. The utilization of embedded systems in this sub-segment is driven by these estimated reasons.
Application Type:
The application type sub-segment is further categorized into radar, command & control, avionics, electronic warfare, communication & navigation, weapon fire control system, and others. The weapon fire control system sub-segment is predicted to have rapid growth and generate a revenue of $4,317.7 million by 2028.
The development of consolidated fire control systems is one of the primary trends that will gain traction in the military fire control systems industry over the next several years. In addition, prominent firms are putting a greater emphasis on the development of weapons that are connected with fire control systems.
Region:
The military embedded systems market for the North American region is projected to witness rapid growth. This market generated a revenue of $4,538.1 million in 2020 and is further projected to reach up to $6,877.4 million by 2028.
Military embedded system market companies in North America have a lot of room to develop. Increased demand for electronic warfare, combined with technological developments, is driving significant market expansion in North America.
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Key Players in the Global Military Embedded Systems Market
- 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.
Along with the company profiles of the key players in the market, the report includes Porter’s five forces model that gives deep insights into the competitive environment of the market.
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