PUBLISHER: Allied Market Research | PRODUCT CODE: 1193049
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193049
The global military embedded system market is envisioned to garner $3,259.3 million by 2031, growing from $1,540 million in 2021 at a CAGR of 7.9% from 2022 to 2031.
Military embedded systems play an important role in gathering and analyzing vital information to help military officials make the best decisions possible. Military intelligence agencies can employ embedded systems to spy on their potential enemies' radio, television, and other broadcasting systems in the majority of countries. Radar systems, military traffic systems, and surveillance satellites all employ embedded military technology. In addition, military embedded enhance system reliability, enable remote control operation, and safeguard systems from unauthorized access.
The use of cloud computing and artificial intelligence has broadened and redefined the capabilities of military-embedded systems. Nations are deploying AI-powered weapons, and embedded systems are enabling new forms of combat. However, the price of military embedded systems, complexity in the design and development of embedded systems, and data security are some factors that are anticipated to hamper the military embedded market share during the forecast period.
Embedded vision systems are the latest technology used for military embedded systems. For soldiers, embedded vision systems produce unprecedented visibility and autonomy. The most important embedded vision application is multispectral imaging in surveillance systems used by drones and aircraft. Embedded vision cameras and sensors provide a synthetic vision that provides pilots with relevant information when natural visibility is limited Military vehicles that are autonomous and equipped for combat use embedded vision systems to navigate challenging terrain. Soldiers can use head-up displays with embedded vision systems to access navigation information and the enemy's location in real-time.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. The pandemic had a negative influence on commercial aerospace and general industrial end-market developments. Various government restrictions on personnel movement, lockdowns, and shutdown of non-essential businesses affected chip manufacturing companies during the pandemic, affecting military embedded system production. In addition, import-export restrictions, transportation issues, and labor shortage affected the market. R&D in the embedded system processor manufacturing business has been negatively impacted, due to the travel restrictions implemented by various governments around the world to combat the COVID-19 pandemic. Governments and consumers focused on supplying necessities like food and safety equipment, which impacted the demand for custom or standard hardware systems for embedded systems makers during the COVID-19 pandemic.
The key players profiled in this report include Intel Corporation, Mercury Systems, Inc. Curtiss-Wright Corporation, Advantech Co., Ltd., BAE Systems, SMART Embedded Computing, SDK Embedded Systems Ltd., General Dynamics Corporation, Kontron (S&T), and Xilinx Inc.
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