Dublin, May 17, 2023 (GLOBE NEWSWIRE) -- The "Military Embedded Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Military Embedded Systems estimated at US$115 Billion in the year 2022, is projected to reach a revised size of US$228.2 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2022-2030.
Hardware, one of the segments analyzed in the report, is projected to record 8.5% CAGR and reach US$142.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 9.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $47.6 Billion, While China is Forecast to Grow at 11.2% CAGR
The Military Embedded Systems market in the U.S. is estimated at US$47.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$32.5 Billion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 7.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.
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.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 289 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $115 Billion |
| Forecasted Market Value (USD) by 2030 | $228.2 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
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
- Select Key Applications of Military Embedded Systems
- Global Military Embedded Systems Market by Application (2021 & 2027): Percentage Breakdown of Revenues for Intelligence, Surveillance, & Reconnaissance (ISR), Command & Control, Communication & Navigation, Electronic Warfare (EW), Weapon & Fire Control, and Other Applications
- Global Market Prospects & Outlook
- Pandemic Impact on Military Embedded Systems Market
- Recent Market Activity
- Regional Analysis: While Developed Regions Remain Primary Revenue Contributors, Fast Paced Growth Forecast in Developing Regions
- Developed Regions Account for Major Share of World Military Embedded Systems Market: Percentage Breakdown of Revenues for Developed and Developing Regions (2021 & 2027)
- Global Market for Military Embedded Systems - Geographic Regions Ranked by % CAGR (Sales) for 2020-2027: China, Asia-Pacific, Rest of World, USA, Canada, Europe, and Japan
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/v1mx09
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