Military Embedded Systems Market Share, Size, Trends, Industry Analysis Report, By Platform Type (Land, Airborne, Naval, Unmanned, and Space); By Component; By Application; By Region; Segment Forecast, 2023 - 2032
The global military embedded systems market size is expected treach USD 3.68 billion by 2032, according ta new study by Polaris Market Research. The report “Military Embedded Systems Market Share, Size, Trends, Industry Analysis Report, By Platform Type (Land, Airborne, Naval, Unmanned, and Space); By Component; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.
Higher technological breakthroughs in the network convergence tcarry & load data form multiple different systems over a single cable, that allow aerospace and military sector tcarry huge amount of data, even in different formats from sensors and applications, is acting as a major driving factor for the global market growth.
Moreover, market players are focusing on the development of agile & advanced electronic warfare systems and are alsimplementing on the electronic embedded systems tcounter against the adaptive radars on the battlefield in real-time effectively, and likely tcontribute significantly tthe market growth.
For instance, in January 2023, GET Engineering, announce the launch of its latest Compact Embedded System for both military and industrial uses, that are complaint with MIL STD 704 F, MIL STD 1275 D power, & MIL-STD 461 EMI filters. The system design is unique tthe company, that allows for mixing & matching protocols, will alsfunctionality in the complex systems.
In the recent years, the major armed forces around the world like US, China, Russia, and India are focusing on the increased integration of embedded electronics including both hardware and software, that aids them in understanding and overseeing their operational environment.
In addition, a rapid shift in the defense sector towards the warfare based on electronics and novel technologies and introduction tmodern technologies like C4ISR, wireless, and cloud are anticipated tcreate significant growth opportunities tthe market growth.
Military Embedded Systems Market Report Highlights
Naval segment accounted highest market share in 2022 owing tgrowing deployment of these systems in combat ships and submarines
Software segment is expected tgrow at a high CAGR during the anticipated period, which is mainly accelerated by its numerous advantages including easy portability and less space required.
Communication & navigation segment is projected taccount for significant market revenue share on account of highly growing prevalence for advanced communication network & technologies worldwide.
North America region dominated the global market. It is mainly attributable trapid growth in the military spending and adoption of these systems timprove the defense sector in countries like US and Canada.
The global key market players include Intel Corporation, SMART Embedded Computing, SK+DK Embedded Systems Ltd., General Dynamics Corporation, and Renesas Electronics Corporation.
Polaris Market Research has segmented the military embedded systems market report based on platform type, component, application, and region:
Military Embedded Systems, Platform Type Outlook (Revenue - USD Billion, 2019 - 2032)
Land
Airborne
Naval
Unmanned
Space
Military Embedded Systems, Component, Outlook (Revenue - USD Billion, 2019 - 2032)
Hardware
Software
Military Embedded Systems, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Radar
Command & Control
Avionics
Electronic Warfare
Communication & Navigation
Weapon Fire Control Systems
Others
Military Embedded Systems, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa