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DEFENCE, MARINE & AEROSPACE

Military Embedded Systems Market Segmentation By Product Type (Advanced Telecom Computing Architecture, Compact-PCI, Single Board Computer, Open VPX and Others); By Component Type (Hardware and Software); By Platform Type (Land, Space, Airborne and Naval); By Application Type (Control Systems, Data Storage, Surveillance, Intelligence, Cyber Security and Communication Equipment); By End Users (Original Equipment Manufacturers and Aftermarket) - Global Demand Analysis & Opportunity Outlook 2028

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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • On February 21, 2020: Mercury Systems collaborated with Hewlett Packard Enterprise OEM in order to build RES-XR6. The collaboration figures out the capabilities to mission critical defense and tactical edge applications.

Introduction to Military Embedded Systems

Military embedded systems are the embedded hardware and software for military applications within a larger mechanical system. These military embedded systems are task specific and perform specialized functions. The military systems contain embedded systems such as sensors and operating systems to perform basic utility function and support troops in the battlefield. These systems help military commanders to analyse massive volume of data in order to make best decisions. The military embedded systems are used to transmit mission critical data in order to protect from attack at any cost. An increase in the power of embedded systems will deploy more technology into the battlefield.

Market size and Forecast

The high level of integration provided by military embedded systems for sensors and control devices along with the enhancements in integrated circuits are some of the significant factors fostering the market growth. Additionally, decrease in the overall hardware cost is supported by the reduction in chip size, which in turn, offers high efficiency and optimal power. Further, the increase in the government spending in military sector is increasing the demand for mobile command systems. Driven by these prominent factors along with the rising awareness regarding military embedded systems, the military embedded systems market is anticipated to record a significant CAGR of around 8.5% during the forecast period, i.e., 2020-2028. 

On the basis of component type, the market is segmented into hardware and software, out of which, hardware segment is estimated to dominate the market on the account of rising demand for electronic hardware connected to driver assistance systems for hybrid combat vehicles. In addition, surge in the use of multicore processors and portable wearables are fueling the growth of the market. Moreover, healthy designing of chips for high level processing is further accelerating the growth of the market.

Military Embedded Systems Market Graph

Growth Drivers

Technological Advancements

The exposure of modern warfare systems along with the rising use of multicore technologies is driving the market growth of military embedded systems. The rising advancements in wireless technologies and cloud computing have led to the replacement of traditional computational systems. Further, increased usage of electronic warfare systems for network convergence and geospatial intelligence gathering is resulting into latest product development. In addition, procurement of advanced surveillance & monitoring systems is being made to cater the military needs. The development of mission critical embedded systems along with the rising requirement for onboard system applications is driving the market growth over the forecast period.CLICK TO DOWNLOAD SAMPLE REPORT

Awareness about Military Embedded Systems

The rising awareness regarding the benefits of military embedded systems in emerging countries is leading to increased government spending on these systems. Hence, with the increasing adoption of machine learning and artificial intelligence, the demand for rugged military embedded systems will generate healthy growth for the market over the forecast period.

Restraints

High Cost of Product

The increased cost of military embedded systems owing to the requirement of technical expertise and advanced technologies is acting as a major restraint into the growth of the market. Moreover, insufficiency of skilled military personnel is further hampering the growth of the market.

Market Segmentation

Our in-depth analysis of military embedded systems includes the following segments:

By Product Type

  • Advanced Telecom Computing Architecture
  • Compact-PCI
  • Single Board Computer
  • Open VPX
  • Others

By Component Type

  • Hardware 

    • Memory
    • Processor
    • Graphical Processing Unit
  • Software 

    • Application
    • Analytical

By Platform Type

  • Land
  • Space
  • Airborne
  • Naval

By Application Type

  • Control Systems
  • Data Storage
  • Surveillance
  • Intelligence
  • Cyber Security
  • Communication Equipment

By End Users

  • Original Equipment Manufacturers
  • Aftermarket

By Region

Geographically, the military embedded systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific is anticipated to record highest market share on the back of presence of emerging economies such as India, China and Japan taking initiatives to overcome the issues regarding security, latency and network bandwidth. Further, rising advancements in microprocessors and microcontrollers is leading to the reduction in cost of electronic products. Moreover, increased adoption of modular electronics and advanced lightweight armored vehicles is strengthening the growth of the market. The North America region is estimated to witness major share in the market owing to the rising investments in warfare capabilities along with the growth in network centric infrastructure.

Military Embedded Systems Market Graph

The military embedded systems market is further classified on the basis of region as follows:

  • North America (US and Canada) Market size, Y-O-Y growth and Opportunity analysis.
  • Europe (Italy, France, Spain, UK, Germany, Russia and Other parts of Europe) Market size, Y-O-Y growth and Opportunity analysis.
  • Asia Pacific (India, China, Japan, South Korea, Australia and rest of Asia Pacific) Market size, Y-O-Y growth and Opportunity analysis.
  • Latin America (Mexico, Argentina and other parts of Latin America) Market size, Y-O-Y growth and Opportunity analysis.
  • Middle East & Africa (Saudi Arabia, Egypt, Iran, United Arab Emirates and South Africa) Market size, Y-O-Y growth and Opportunity analysis.

Top Key Players Dominating the Market


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