Monday 20 July 2020, Amsterdam
The report anticipates that the global military embedded systems market size was valued is anticipated to surpass US$xyz billion in 2025 while growing at a CAGR of xyz% during the first half of the forecast period i.e. 2020 to 2025. The market size is further projected to surpass US$xyz billion by 2030 at a CAGR of xyz% from 2025 to 2030. The overall CAGR for military embedded systems market is expected to be xyz% from 2020 to 2030.
One of the most important factors attributed to the growing demand for embedded systems is the development of multicore technologies. The developers of embedded military applications are striving to provide more features in smaller packages, while making sure ruggedness and reliability aspects are retained. Multicore processors have two or more independent computing processing units which account for reduction in power dissipation. This technology is capable of multiprocessing with significantly reduced power consumption in a single physical package. Therefore, the development of this technology has additionally solved various challenges faced by embedded system manufacturers, offering reduced system size, weight, and level of power consumption to increase system reliability. It also offers extended temperature ranges to avoid system crashes due to harsh environments, with relevant factors including humidity, fungus, fog, or dust. These features significantly affect energy variables, such as thermal output and power consumption, resulting in more efficient and reliable system performance. The capabilities and advantages of multicore processors are expected to fuel the demand for embedded systems for military applications.
"Military embedded system manufacturers are focusing on areas of innovation and technological advancement, resulting in enhanced speed and power efficiency of systems. These technological advancements include a wide variety of thermal cooling options to reduce heat emission and to keep systems functioning at peak performance levels. These factors are fuelling the growth of the military embedded systems market."
Some of the companies operating in the global military embedded systems market are Advanced Micro Devices Inc., Advantech Co. Ltd., Airbus SE, Altium, BAE Systems plc, Boeing Company, Concurrent Technologies PLC, Curtiss-Wright Corporation, Elbit Systems Ltd., Eurotech S.p.A., FLIR Systems, General Dynamics Corporation, Harris Corporation, Honeywell International, Intel Corporation, Israel Aerospace Industries, L-3 Technologies Inc., Leidos, Leonardo S.P.A, Lockheed Martin Corporation, Mercury Systems, Inc., Microsemi Corporation, Northrop Grumman, QinetiQ, Radisys Corporation, Raytheon Company, S&T Group, Textron Inc., Thales S.A., Xilinx, Extreme Engineering Solutions, Inc., Excalibur Systems, ABACO SYSTEMS, Artesyn, North Atlantic Industries, Inc., Telephonics Corporation, General Micro Systems Inc., and dB Control among other prominent players across the industry.
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