August 19, 2020
According to the research report titled ‘Global Military Embedded System Market Size study with COVID-19 Impact, by Product (Multifunction I/O Boards, Rugged Systems, Single-board Computers and General-purpose Graphic Processing Units (GPGPUs)), by Platform (Air, Land and Naval), by Application (Intelligence, Surveillance and Reconnaissance, Communication Equipment, Command & Control Systems, Computers, Data Storage and Data Acquisition) and Regional Forecasts 2020-2027’, available with Market Study Report, global military embedded system market was worth USD 84 billion in the year 2019 and is expected to grow with a CAGR of 6.4% between 2020 and 2027.
Rising adoption of military embedded systems in various applications such as data acquisition equipment, data storage devices, command & control systems, surveillance & reconnaissance, intelligence, and communication equipment is a major factor driving the market growth.
For those unfamiliar, an embedded system is a hardware system with embedded software and can operate either as a part of a larger system or independently. It is a microcontroller or microprocessor-based system designed to conduct real-time analysis and other tasks.
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Increasing penetration of cloud computing and wireless technologies along with advent of electronic and network-based warfare are aiding the market expansion. Growing demand for multicore processor technology and advancements in network solutions are also stimulating military embedded system industry outlook.
Introduction of innovative products & services in tandem with increasing collaborations among major companies are favoring the market outlook. On 24th May 2018, for instance, Mercury Systems Inc. introduced Ensemble Series™ DCM6111 6U VPX digital transceiver which is integrated with the company’s Built SECURE technology to allow security architects to develop as well as to deploy highly personalized SSE (system security engineering).
The outbreak of COVID-19 pandemic has resulted in shutdown of major operations as well as manufacturing sector, which in turn is negatively impacting the market outlook. Besides this, military embedded system requires system-based certification for upgrading as well as for resolving complexities associated with the product development, which in turn may act as a restraining factor to the overall market expansion.
Considering the geographical landscape, Asia-Pacific military embedded system industry is predicted to showcase robust CAGR through 2027. Rapid technological advancements to address challenges associated with security, reliability, network bandwidth, and latency are favoring the market scenario in APAC.
Thales Group, Advantech Co. Ltd., General Micro Systems Inc., General Dynamics Corporation, Eurotech, Xilinx Inc., Mercury Systems Inc., Kontron AG, and Curtiss-Wright Corporation are the key participants in worldwide military embedded system market.