The global military embedded systems market is projected to exhibit a significant growth, at a CAGR of around 5.9%, during the forecast period. Military & defense sector is one of the important concerns for governments and key leaders of a country. The competitiveness in the industry has increased substantially due to the advancement of the defense sector of the developed economies such as the US, and Japan. Moreover, the modernization is directly proportional to the public and private investment. For instance, modernization is the fourth pillar of the US military which includes infrastructure and technology inclusion in the force structure, readiness, and sustainability. Therefore, with the huge defense expenditure, the governments are moving towards the adoption of modern technology such as C4ISR, and others. Such expenditure on the defense sector contributes in the growth of the military embedded systems market.
Browse the full report description Global Military Embedded Systems Market Size, Share & Trends Analysis Report by Component (Hardware and Software), by Platform (Air, Land, Naval, and Space), and by Application (Intelligence, Surveillance and Reconnaissance (ISR), Unmanned Aerial Vehicles (UAVs), Computing and Communication, Cyber Security, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/military-embedded-systems-market
The US and European countries are the major economies investing in the development of defense activities. Moreover, the integration of efficient communication systems and equipment is done through investing in the advanced research fields of the sector. The countries are supporting the defense expenditure with huge budget sanctions which as a result is propelling the purchasing and acquisition power of military organizations under the defense protocols. For instance, in 2016, the European Parliament had launched a military research project called the Preparatory Action on Defence Research (PADR), with the value of $100.5 million. The project was sanctioned to support military science and technology in the region. The project is focused on robotic systems, especially military drones, and communication systems for military services. The project is one such instance to support the development of C4ISR technology in defense industry.
European Union is focused on various transatlantic coalition operations, which as a result, is propelling the adoption of C4ISR technology. Due to its interoperability, C4ISR technology is acting as one of the support systems for the framework of EU and NATO (North Atlantic Treaty Organization). The rapid increase in the advancements in sensor technology, rising internet of things (IoT) and artificial intelligence (AI), and the proliferation of satellites, and unmanned aerial vehicles (UAVs) have resulted in an immense rise in the amount of imagery data available to militaries and intelligence agencies globally. The private funding in the defense industry is accelerating the integration of advanced technology in defense such as AI, machine learning, and IoT. This has resulted in a surging demand for companies that are capable of analyzing this data for militaries, and governmental agencies, and turning it into insights and actionable intelligence. This enhances situational awareness and improves decision-making, which in turn, spur the growth of the military embedded systems market.
Global Military Embedded Systems Market-Segmentation
By Component
o General purpose Graphic Processing Units
o Multifunction I/O Boards
o Rugged System
o Others (Converters)
By Platform
By Application
Global Military Embedded Systems Market– Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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