The Business Research Company’s Military Embedded Systems Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Military Embedded Systems Global Market Report 2023 evaluates military embedded systems market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global military embedded systems market size is expected to grow from $1.47 billion in 2022 to $1.62 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global military embedded systems is expected to grow to $2.32 billion in 2027 at a CAGR of 9.4%.
The increasing global terrorism is expected to propel the growth of the military embedded systems market going forward. Terrorism refers to a non-state actor who threatens or uses illegal force and violence to achieve a political, economic, religious, or social purpose through fear, compulsion, or intimidation. Security screening systems, such as military embedded systems, are in greater demand today than they have ever been before because they are used in the military and other applications that help track terrorists. For instance, in March 2022, according to the Global Terrorism Index, a global organization that provides information on terrorism, global terrorist attacks increased to 5.2k in 2021. Myanmar experienced the greatest increase in terrorism, with 521 deaths, up by 20 times and an increase of 17% from the previous year. Therefore, the rising terrorism in the world drives the security screening market.
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The military embedded systems market segments in the report are:
1) By Component: Hardware, Software
2) By Installation Type: New Installation, Upgradation
3) By Platform: Land, Airbone, Naval, Space
4) By Technology: Edge Computing, Fog Computing, Mist Computing
5) By Application: Intelligence, Surveillance, And Reconnaissance (ISR), Command and Control, Communication and Navigation, Electronic Warfare (EW), Weapon And Fire Control, Wearable, Other Applications
The table of contents in TBRC’s military embedded systems market report includes:
- Executive Summary
- Military Embedded Systems Market Characteristics
- Military Embedded Systems Market Trends And Strategies
- Military Embedded Systems Market – Macro Economic Scenario
- Military Embedded Systems Market Size And Growth
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- Africa Military Embedded Systems Market
- Military Embedded Systems Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Military Embedded Systems Market
- Military Embedded Systems Market Future Outlook and Potential Analysis
- Appendix
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