Attractive Market Opportunities in the Military Embedded Systems Market by 2021.
Added: (Tue Nov 27 2018)
Pressbox (Press Release) -
The military embedded systems market is expected to grow from USD 71.29 Billion in 2016 to USD 134.88 Billion by 2021, at a CAGR of 13.60% from 2016 to 2021. The objectives of this study of this market is to analyze the market along with the statistics from 2016 to 2021 as well as to define, describe, and forecast the military embedded systems market on the basis of application, architecture, platform, component, and region. The report tries to segment the geographical market into the North America, Asia-Pacific, Europe, and Rest of the World (RoW).
The report also focuses on the competitive landscape in this market by profiling companies based on their financial positions, product portfolios, growth strategies and analyzing their core competencies and market shares to anticipate the degree of competition prevailing in the market. This report also tracks and analyzes competitive developments such as partnerships, mergers & acquisitions (M&A), new product developments, and research & development (R&D) activities in the global market. 2015 was considered the base year and 2016 to 2021 was considered the forecast period for this market study.
The ecosystem of the global military embedded systems market comprises original equipment manufacturers (OEMs) such as Kontron AG (Germany), Curtiss-Wright Corporation (U.S.), Microsemi Corporation (U.S.) among others, which are some of the key manufacturers in this market. These companies cater to the needs of the end-use industries such as communications, server storage and network, medical, consumer, and industrial among others.
Target Audience for this Report
Embedded Systems Manufacturers
Original Equipment Manufacturers (OEMs)
Military and Defense Organizations
Defense System Manufacturers
Embedded Systems Component and Material Providers
Embedded Systems Research Centers
Government Agencies
Wireless Device Manufacturers
An embedded system plays one of the most significant roles in electronic equipment and devices used for military applications. A typical embedded system consists of hardware, software, and a few other mechanical and technical components designed to perform numerous predefined functions. Military embedded systems are open architecture based and are used for various electronic applications. Therefore, the need to have commercial off-the-shelf (COTS) embedded system is increasing. Some embedded systems are also customized for rugged military applications.
Dont Miss this opportunity to know more in detail about Military Embedded System Market.
https://www.marketsandmarkets.com/Market-Reports/military-embedded-system-market-112996974.html
The military embedded systems market has been anlayzed on the basis of various segments, namely, application, architecture, platform, component, and region. The market is estimated to be USD 71.29 Billion in 2016, and is projected to grow at a CAGR of 13.60% during the forecast period, to reach USD 134.88 Billion by 2021. The demand for embedded systems is expected to grow at a rapid rate in the forthcoming years, owing to the increasing requirement for electronic devices and systems for military applications across the globe. Some of the factors expected to fuel the growth of this market include the use of multicore processor technology; emergence of modern warfare systems, such as electronic warfare and network centric warfare systems; and the increased use of wireless and cloud computing technologies. The huge cost incurred in obtaining certification for system designs in case of any upgradation done by manufacturers is the most significant factor acting as a hindrance to the growth of this market.
North America is the largest market in the global market, due to the huge military budgets of North American countries, like the U.S. However, the Asia-Pacific market is estimated to grow at the highest CAGR during the forecast period of military embedded systems market.