DUBLIN, March 8, 2023 /PRNewswire/ — The “Military Embedded Systems: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Military Embedded Systems Market to Reach $228.2 Billion by 2030
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.
Looking Ahead to 2023
The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending.
As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers.
Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
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 Topics Covered:
MARKET OVERVIEW
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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
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
FOCUS ON SELECT PLAYERS (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.
For more information about this report visit https://www.researchandmarkets.com/r/y8zfln
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
